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Hi MrBond,
I am quite clear whom I hold to blame, Andrew Pardey, Youssef El Raghy and the BOD at that time,subsequent events are proof they were in varying degree negligent, complicit, inept and less then honest .
They had scant regard for upholding the best interests of shareholders in many respects treated them like mushrooms!
Clued,
I agree regarding the unexpected in life, however that doesn't seem the case here, Pardey was all too aware of the existence of what he claimed in 2018 to be unexpected grades over three years previously but instead of being honest chose to gloss over the impending ongoing problem and mislead shareholders and the market!"
mrtibbles, unfortunately in all aspects of Life we never know all the true facts. It's the nature of Humanity !!
106p +1.55p
Two days of overrun drops were the signal of bounce back this morning
Since is going places on reaching 106p already from the low of 103.65p very early this morning
3 days chart.... https://uk.advfn.com/p.php?pid=chartscreenshot&u=WfPYbsI2Vt4yxwRx8Sk4DcRCrpPzCKFUPC5iQUO866c=
Not so clear as that, Who do you blame the Broker or company .
Also are Goods on closer inspection , stock market buys.
Tied up in law for years ,the only winners the Barristers.
Read Estate Agents exclusions and conditions, Page upon pas=ge of small print.
Stock Market trading will be the same.
Incidently Insurance companies protecting them are unlikely to pay . The costs of such are down to the Plaintiff. Thats even if you manage to get the regulators to be interested.
Re Caveat Emptor,
There re however important exceptions such as -
If the seller obtains the consent of the buyer by fraud then caveat emptor will not apply.
Also if the seller conceals any material defects of the goods which are later discovered on closer examination then again the buyer will not be responsible.
In both cases, the seller will be the guilty party!
It is true a big buy by Martin Horgan would be nice to see, -----but regular buys of 20,000 + by the rest of them would show a bit of solidarity and may give a bit more confidence.
Quite so Geo1539,
The BOD, Pardey , Youssef were well aware that if we knew the truth we would have all bailed out, that's why the kept glossing over the cracks since 2015!
Hi Mr Bond,
I don't recall saying anyone should agree with me or accept my opinion , just that they are entitled to know all the facts and be told the truth.
Bing cautious in decision making is always wise, however without being aware of all the true facts then any decision is a gamble.
Mr Bond,
Most people wouldn't have touched Cey at £1.00 if they knew the waste product was not being shifted at the same time as the gold was being shifted.
They shouldn't have set out to get the ozs without clearing the waste as they went along.
IN law, Caveat Emptor, Let the buyer beware.
Thats why Estate Agents are hated by many.
Absolutely Paul,
You are right they are counting on us nor daring to go to the regulators for fear of undermining market confidence i the share!
if they really believe in what they are telling us then they could but half a million plus each year until the recovery, messing about with 50,000 shares is just going through the motions for the sake of it, its demonstration of true belief and commitment that's needed now, rather then management sales speak and taking the wages whilst we shareholders take the all the pain and the risk!
A management buy of half million by Martin Horgan and others must have a positive effect!
Until I see this or some proof that things are really improving then I remain very wary!
Tibbles ,I suggest you read my post again.
I am not defending anyone.
No matter what the company or individuals are, as is always , caution.
At the end of the day investment decisions ,unless you trust Brokers, are solely down to me and my loss. Companies and the Stock Market have many crooks ,and 9/10 if to obvious they find another post in another company . Seldom prosecuted.
Dosnt seem fair ,but thats the world of Business
You sir Tibbles , have your strong views ,and are unlikely to change them, that is good ,but do not try speaking like everyone must agree ,and listen to you.
3Bear
re - me no understand
One thing is for certain,
The BULLs are going to get YOU
re - What I do know
Look for cover
the bear drop is over
Intraday chart... https://uk.advfn.com/p.php?pid=staticchart&s=L%5ECEY&width=475&height=330&p=0&t=1&cb=
105.10p +0.65p
We know what has gone on Mr T and it is a pity that no one is accountable for it. Sadly if the investors who were duped by the goings on, took some form of legal action, it would just make things worse for investors.
As you said--we were going off what was being reported .
Im hoping we stay above a £1 , just as it looks better, but I will be reinvesting my dividend again when it is due (always seems a long time off).
I suppose we have to cross our fingers that gold rises in the mean time and that basle 3 actaully does some good.
As I get older and even more cynical, Im wonder wheter the US and the UK are going to blag their way out of a recession again------and the fat cats will get even fatter and the national debts will get even bigger.
i think every time it goes a bit quiet for Centamin, we could do with a few director buys to give confidence. 20,000 at a time would not hurt them at all.
HI 3bear,
I used to have medical insurance, etc with SAGA, no more, terrible experience a couple of years ago!
Sage was once a great organization set up ans successful in fighting for and ensuring fair practice, prior to going public!
Then it all went wrong , all the principles and values went out the window it was all about maximising profit, cutting cost, handing over control of its core business including insurance polices to the likes of AXA ,sacrificing real core values for corporate bullsh*t!
It's now no different most other plc's , not to be trusted!
Once the private sector gets hold of a service it's ******ed!
Hi Mr Bond,
You are tying to defend what is in this case indefensible by shifting of blame onto the wronged party.
Presumably you and anyone else made the decision to buy at £1.80 or any price would be based on the information available and in good faith that the management at that time were professionally competent, were applying the most appropriate and best mining methods in the day to day running of the Sukari operation and that the BOD were carrying out the appropriate due diligence to ensure this was the case and that the facts presented to share holders the market and the media were accurate in every respect and truthful!
Unfortunately this wasn't the the case, Andrew Pardey had been in complete denial even trying to suppress valid media reports and lying to webinar telephone callers myself included of the Sukari managements failure to apply appropriate mining methods to to open pit, the underground workings, the Cleopatra slope and regarding true state of deteriorating grades of the Sukari operation since 20i15.
What is even worse is the that the responsible BOD have tried to squirm out of their legal responsibilities by claiming they were unaware of the failure to clear the waste in the open pit, so then that is either an admission of completely failing in their responsibilities as directors, or if that were not the case then they condoned bad mining practice at Sukari for short term gain, in other words knowingly deceived the shareholders the market and potential new investors for short term gain!
How on earth can any investor make a rational and balanced investment decisions when such a shower of are in charge, they cant!
The results of this is a share price that is a clean up bill of $467m a halving of the company market cap and the 50% reduction of the dividend none of which is likely to change until there is some quantifiable and determinable proof!
The whole market system is loaded in favour of those ith privileged information, such as the inner circle of the FED cartel who have full knowledge of NFP and other relevant information two days before everyone else,
If the market wants to claim to be fair then everyone should have access to the same information at the same time and there should be one level of trading, no inner book access and no privileged access at different levels based on ability to pay!
Like it or not Mr Bond we were all deceived by the management and I have made them aware o my feelings in writing many times over the past few years!
This is what ANYONE considering buying these share needs to be aware of!
I don't understand a word of any of that. What I do know is Q1 results are going to be a bit disappointing but Q2, 3 and 4 much better.
From the "UPS" thread...
Master RSI - 6 Feb '23 - 09:43 - 104 of 105
UPS
CEY 104.10p ( 104 v 104.20p )
Reaching the lows lately since last Friday, Gold is recovering today. Indicators signaling the bounce, MACD at maximum low, RSI at lower and flattening, Stochastic at oversold and Share price under Lower Bollinger Band meaning buy.
Chart ...... https://i.postimg.cc/WbSsZZf2/big.gif
I feel I've got it largely right on Cey since April 2021, also Lgen, M&G and Phnx. But if you want to talk about capital destruction, try investing in Saga just before the pandemic struck. Yeee-ouch, 83% loss on that investment. Likewise Credit Suisse. Doh. Swings and roundabouts.
Indeed.
Very predictable. You grow to a size where you cannot rePlace your ounces mined, especially when you are mining 1-1.5 million ounces per QUARTER, You simply cannot find that unless you find a large tier one, deposit and the discovery of these has been dropping for a decade or more.
https://minexconsulting.com/wp-content/uploads/2019/12/Gold-exploration-trends-NewGenGold-2019-TEXT.pdf
So if you cannot replace your ounces mined with exploration, you can either let your resource and reserve base dwindle (and so will your share price), or you go out and buy some.
I expect the MandA will be active this year.
No LARGE TIER ONE DISCOVERIES.
Good luck, CEY could be of interest
best
the Gnome
Major European stock indexes traded lower in the premarket session on Monday as investors analyzed the aftermath of last week's monetary policy decisions. In the next seven days, central banks' chief economists will continue to remark on the latest rate hikes, and the last batch of earnings of prominent companies incorporated in the Old Continent will be revealed.
The DAX decreased by 0.36% at 7:37 am CET, while the Euro Stoxx 50 dropped by 0.45% at the same time and the CAC was down 0.35%. London's FTSE 100 traded flat concurrently.
The euro was 0.05% lower against the dollar, to go for 1.07878 at 7:43 am CET. At the same time, the pound added 0.10% against the American currency to sell for 1.20625.
Baha Breaking News (BBN) / MX
Happy Monday y’al
- Bid at 21% premium to pre-announcement share price
- Newcrest seen as vulnerable given leadership change
https://www.reuters.com/markets/deals/australian-gold-miner-newcrest-gets-169-bln-buyout-offer-newmont-corp-2023-02-05/
------------------------------------------------->>>>
Desperate for replacement ounces the gold industry chooses cannibalism over exploration. But it cannot last...
Mr Bond
How refreshing to have a truthful and acknowledging bad timing in investment decisions as at this moment in time of course. Kudos to a fellow ex trader (market maker?) still above water and in the game . I have holdings fro almost day one when it was a map on the wall. amd I must say it has been a most enjoyable rise. Traded some and expanded holdings in CEY. Used divis to buy more. What idiots evaluate is there bought SP against divi. The real return is Divi as a percentage of current SP.until they crystalise their investment by sale.
Divi is based on shares held !!!!!!!!!! not on value of SP ERGH.
My evaluation of return on Divi and the same invested in a safe minimum percentage savings scheme means I am well above water OVER 10 YEARS .. Keep posting factual and actual thoughts as I for one appreciate the input.
Failures on my part. Johnson Mathey sold at 860.
Marconi nough said
Logica
Medisys
BTG
Short in the Banks on 9/11 and came out as hated the thought of making thousands per minute on the death of thousands of poor souls . Trading at the time with Bloomberg on TV and 3 computers live with Level 2 and direct input into the book.(market maker)
Very best regrds to you and all here.
The gold is still in the ground on Sukari and the surrounding holdings
AISC declining in relation to its peers.Solar!!!! Lightweight ore body trucks
Recession in the G7 and outliers .
Fed propaganda and manipulation has a finite end
Basle3 (Political and Central Bank manipulation aside)
IMF involvement in Egyptian sequenced advancement.
Cartel adhesion in Comex inevitably fragmenting as one or two will take a short term side step against cohesive manipulation for short term gain.
But what do i know can only post my thoughts for better or worse as I personally see them. Do not under any circumstances regard this post as advice but take it as my PERSONAL thought process.
Kindest regards Bob
I must point out added 10000 shares ,and certainly get no pleasure from others losing money.