Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yawn… you persist tibbles- so as promised my tack towards you now changed.
European stock equities were down in the premarket hours on Monday as investors awaited German producer inflation report to be released, with the Deutsche Bundesbank (Buba) set to post its monthly report on economic trends in the country after the opening bell.
At 8:00 am CET, the DAX dipped 0.11%. The FTSE 100 fell 0.07%. The Euro Stoxx 50 rose 0.37%. The CAC 40 declined 0.25%.
The euro was up 0.08% against the greenback, trading at 1.08809 at 7:59 am CET, while the pound was flat against the dollar, selling at 1.27376.
Baha Breaking News (BBN) / AB
Happy Monday y’al
From time to time this chat of greate quiality is draged down usually by a smith or a jones the later i hope had a good weekend and finds a classroom that meets is inteligence level this board aint it Just stay on holiday
Rob Kientz of GoldSilverPros.com to evaluate the immediacy of another major US banking crisis and the ricochet effect this could have on people’s bank deposits.
https://www.youtube.com/watch?v=1UNKgTrUdbg
Mr Bond, You are interested because you respond!
However you seem to be a decent chap and also a long term investor who has been shafted by the lies of the previous management , you deserve better and the management don't deserve your loyalty until they deliver some decent results that push up the share price!
At least Don Lawson has the honesty to admit why he isn't invested at present, who knows it may yet prove to be a prudent decision in the absence of any proof that AISC have fallen to more normal levels and the the promised "Bonanza " grades have materialised !
But then you where placing your son in an awkward dilemma, possibly to satisfy your own desire to always be right, but to be fair to him your son can't be expected to offer a unbiased opinion as he likely feels obligated to give you the opinion you desire and he doesn't know Don Lawson or his professional experience and qualifications.
Hope you enjoyed your meal and that you give some thought to possibly choosing some humble pie as a desert.
That's very true Cowichan , unfortunately there are those who don't realise that you have to support of shareholders with very considerable holdings!
Fair comment Cowichan,
Your comments provoke debate and your efforts in trying to get the company to answer pertinent and indeed reasonable questions is to be applauded!
There is nothing wrong in asking questions and there should be nothing wrong in answering them, within market regulations of course !
Well done , keep it up!
Best
Tibbs
Cowichan
It is a good question on what they actually own and I can only go what is listed as total assets. Usually leased items are listed as a debit in other company accounts that I have read. The real asset is the takeover value on a sale and those which have the ability to mine out the reserves with the available equipment are worth double than having a reserve based in Doropo that has no current operational mine. The key question is whether Centamin has 8 million ounces in reserves and has not falsified JORC data. I believe that Centamin staff would not be so stupid as to do such a thing. I have assumed the figure for resources recovers any reserves lost as recovery in mining and conversion from proven to actual so I priced the resources at zero. Hence my confidence that we are at a very low share price. Of course a disaster can occur that suspends mining and I contend that Centamin would do its utmost to prevent such an occurrence which can happen to any mining company. All the best Tony
Yawn yawn yawn, if you read my posts instead of focusing on your pointless comments that no one reads, you know :-).
Anyway, off out for the dinner and a hectic weekend, ahead, so feel free to post your purile rubbish with impunity, I won’t be back til Monday.
Happy weekend all.
I'm convinced the lot of you might have a total of $1000 or $2000 invested in Centamin
Otherwise you would actually care about the company's lost revenue and prospects - instead of laugh it off as if wasn't important
I happen to know others who have millions invested with Centamin - and they are indeed interested , and show it by the respect and common courtesy you lack
I asked my son to have a look at Don Lawson an asked his view, without prejudice.
He came with back "Jeeze, how is this bloke claiming to be some sort of expert or influencer? There's barely any comments on his posts or likes or followers- this bloke really needs to sort out his presence...."
Did make me laugh...
Mr Bond- yep, he's not invested- just likes to spend his time endless filling up forums with lies and pointless info than have zero impact on anything- you have to feel pity for him, it's all very sad.
Yawm, yawn and yawn Cowchain... and yawn again :-).
I really am not interested in reading more pointless posts from the attention seeking narcissistic wally that is Cowchain- but of course, will read the title :-), so when I know it's from you it's a complete pointless read.
Don Lawson? What's your other name- Micky Mouse :-).
I certainly do not insult anyone,unlike you.
Then think you can talk yourself through it.
You are the aggressive one.
Why ? ii dont know especially as you say you are not even invested ,nor likley to be.
That is more than strange,dont you think ,not that I am remotely interested.
Tornadotony
"Centamin is now value at the top end of fire price range for all the plant* and assets* and permits that it owns"
Does Centamin own these items*? Doesn't it transfer ownership to the EMRA once the capex deductions have been made/recouped? Centamin retains the right to utilize them (by concession law), obviously - but not an asset available for sale or calculated as such
Sotolo , Tibbs & others for seeking a peaceful resolution to the conflict I seem to attract.
Dear SteveJones & MrBond,
This 'narcissistic, attention seeking idiot-' has recently been working for Centamin shareholders (like you, apparently) getting answers from the EMRA, the Egyptian media, the FCA & in particular Centamin's 2022 Annual Report auditor Mr Jonathan Lambert of PricewaterhouseCoopers - you can also contact him here:
https://www.linkedin.com/in/jonathan-lambert-12046a4/
I am seeking to find out just how much the Central Bank of Egypt owes Centamin for past gold sales & how long back they started skipping payments. And how much is owing for the current year 2023 as the CBE has materially ramped up gold purchases in the last 8 months.
I submitted a formal complaint on PwC's whistleblower service here : https://secure.ethicspoint.eu/domain/media/en/gui/105406/follow.html
and am awaiting further correspondence back. The problem I see is that Mr Lambert of PwC has a professional duty to identify & formally point out key risks and ongoing matters to Centamin's operations (see page 152 of the 2022 Annual Report) and the CBE in arrears for gold supplied to the tune of $50 -$100 million US is a doozy. Why was it not flagged? Why hasn't Centamin's BOD & CEO spoke of it?
And SteveO - MrBond ,
Did you forget this anonymous 'bot' has a LinkedIn profile (which a bot cannot achieve) and posts about Centamin - getting real world responses from Centamin employees and mining industry professionals ? BTW you too (two!) can respond in any manner - polite or irate (if you have courage enough to insult without anonymity) I'll be awaiting your valuable input in the real world below
https://www.linkedin.com/posts/don-lawson-98619370_egypts-gold-reserves-rise-by-24-percent-activity-7097677235167363072-dSXM
https://www.linkedin.com/posts/don-lawson-98619370_centamin-activity-7095098820740452353-k3jf
https://www.linkedin.com/posts/don-lawson-98619370_hey-centamin-plc-martin-horgan-according-activity-7094755610981777408-XqDL
Steve, I agree and have often stated that anyone can be whomever they want to be on an internet forum, true I could be a "Bot" but then so could anyone of us on here.
I wasn't attacking you, but making you aware that for whatever reasons and unfortunately you had formed the wrong impression of certain members on here, all too easy on internet forums !
Passive aggression, no don't think so.
Last not less
Now trading at 0.91 of book value less achieved in October 2022.
10p of the share price is cash in the bank.
1/3 of the value has been removed from the price peak of say 125p when gold was at 2080. $190 per ounce gold sold is off.
Company has over 11 months ensured 20% of all production is hedged at $1900. Without the hedge they have Centamin valued at -10p for a gold price at $1510 per ounce despite 20 year Sukari mine life profiled at $1450 as economic to mine. Moving from -10p to zero would be at $1570 gold price and the company was only worth its value in cash. Gold always has a value in the ground and let us assumed it is all mothballed and only a skeleton crew and a much reduced board remain.
8 million reserve ounce in Africa still has a fire sale value lets say $60 an ounce. This equates to around 42p a share. At the rate of decrease the gold price at Centamin on fire sale reserve price is achieved at $1760 gold price. So the rate of descent in value has Centamin at the lowest possible on fire sale at just another $130 drop on gold. The realistic lowest value with a working mine is of course $120 per ounce of which is the current price of 83p-84p. Centamin is now value at the top end of fire price range for all the plant and assets and permits that it owns. The occasions when the 5 hourly RSI is at 25 is rare. Centamin RSI hit 18 earlier. The weekly indicator is just above 30.
No problem Sotolo- although my posts weren't tangential- they are and were directly relevant to CEY share price movement.
Steve, I think you may have accidentally misread my post, I didn't say when your post have nothing to with Centamin but when they have anything to do with Centamin, however tangential and that you should not be dissed, so no need to diss me! Peace to all. All the best
Lol- you could be a bot... everyone is anonymous... so to look at the evidence, someone on a board is called Mr Tibbles (like the name of a cat), tells me he personally knows to other people who I have no idea exist... and expects to justify his comments based on this... bonkers :-).
Let's look at the facts....
Last night Cowchain attacked me and someone else here without any provocation.
I responded to this.
I did not see a single post from you, Mr T, or Sotolo pulling him up on his comments back to Cowchain in the same patronising way you posted me. I was only responding to his comments. Had he not made the comment none of this correspondence would have existed.
I learned from a very early age, I bully hits you , you smash them back harder. And if they do it again, you respond in the same way.
It's that simple really, don't attack me out of nowhere and you won't get a response.
Continue to do so, and I'll continue to respond.
There are many times I've seen your posts and others have attacked you, and with good reason, and I haven't piled in. Continue to do so on me and I will alter my tack.