Centamin PLC Share Chat (CEY)

Centamin has expertise in Egypt.
My vote is another mine or two in an area relatively secure .
That they have first hand knowledge
They are known by government,
Who knows.
A takeover is not to their benefit or long term holders.
In my opinion after this crash is over their will be far less cheap cash around for speculative takeovers.
I see in the near future interest rates rising dramatically,as in the 1980s.
But then what do I know in this now crazy world

Sorry totally off subject for this site,some will find it annoying.
Apologies.

After this is over.
Those who told lies
Should be held to account.
IE. Only 15 % of health care workers tested
According to government ,shortage of test devices.
That is not true.
Government sought to save money. So did not order more.
That is not short of criminal negligence.
Heads should roll.

As always the bureaucratic polit buros have a jobsworthy position to defend. We need an Ernest Bevin to be appointed to cut the c===p but unfortunately the Labour opposition have nobody up to this task and present Union leaders (as Bevin was)cannot turn off the ideologue when they should have the clout to cut through the red tape . Churchill admired Bevin and appointed him in the coalition Government as Minister of supply. In my book a hero as he took no prisoners and ruthlessly raised supply and production to a level needed to resist the Nazi threat. I am sick and tired of media fashion political celebs stating the problem re testing and Labour playing politics with the situation without offering solutions or leadership. Woe is me and its all the Governments fault. Disgusted.

Isolated Bob

https://uk.yahoo.com/news/coronavirus-testing-offers-064531366.html
Medical officials have ignored offers of help from some of the UK's leading scientific institutions to boost Britain's rate of coronavirus testing, it has been claimed.

Officials have repeatedly ignored offers from the likes of Oxford University and the renowned Francis Crick Institute involving hundreds of testing machines and trained personnel, according to the Daily Telegraph.

Nations including Germany, South Korea and Australia have already tested hundreds of thousands of their citizens – leaving Britain lagging behind
Government figures show that fewer than 10,000 tests per day are currently being carried out, compared with 70,000 per day in Germany.

The number of daily tests fell on Tuesday to 8,240, for a total of 143,186 tests since the end of February, the government said.

The Telegraph said senior health sources warned that the window for the UK to launch a successful mass community testing programme may already have been lost.

Latest coronavirus news, updates and advice
Live: Follow all the latest updates from the UK and around the world

Fact-checker: The number of COVID-19 cases in your local area

6 charts and maps that explain how coronavirus is spreading

Professor Matthew Freeman, head of Oxford's Dunn School of Pathology, one of Britain's leading disease research centres, told the paper his repeated offers to provide dozens of specialised machines and expert staff had been largely ignored by Public Health England (PHE).

He said his department had 119 of the crucial PCR machines, or thermal cyclers, used to identify tell-tale genetic signs of coronavirus, but that health officials had accepted only one.
Prof Freeman said some two weeks ago PHE had issued a request for "a very specific model" of PCR machine. His department had one, which was duly collected, but he added: "We have another 118 that can broadly do the same job, but they don't appear to be part of PHE's plans.”

Hundreds of specialist workers and trained graduate students were poised to help increase testing, he said, but despite initial signs of enthusiasm he had heard nothing more from PHE.

"We're clearly not doing as well as we could be doing as a nation when it comes to testing, and therefore people like us feel a bit frustrated," he told the paper.

The Francis Crick Institute, a world-leading biomedical research centre based in London, has given five PCR machines to PHE so far, but is understood to have dozens more.
A spokesman told the paper no firm word had come from PHE as to whether any further machines or expertise would be required.

"We have hundreds of scientists with different areas of expertise ready and willing to step in," the spokesman was quoted as saying.
The Telegraph said other institutions across Britain were understood to have had similar offers of help rejected by PHE.

PHE offered a defence of its response to the outbreak to the paper

'And that's given rise to another rumour - one that says Centamin will use the cash to acquire a company itself, bulking up in order to bolster its market value, to put itself out of reach of Sawiris, and anyone else for that matter....'

https://www.mining-journal.com/covid-19/opinion/1384016/amid-pestilence-rumours-of-m

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My Thoughts:
I have none. Please help me out people!

To Kees Dekker

Every hospital may have a different cohort of Covid-19 infected patients with varying age profiles and different underlying morbidity of other clinical issues not related directly to Covid-19. So the more frail the group is being treated the higher mortality when compared to another hospital that has a generally fitter younger group of patients being treated. As a consequence survival stats will have a significant range from say 25-90% mortality in ICU. The variance does however formulate ethical protocols as to who should be prioritised on the basis of best chance of recovery and giving a palliative pathway for those who would not benefit from the intervention.

There is one important issue that I have to mention which a virologist would be quick to point out. Normal influenza has incubation phase of 4 days and the infection rate to other persons is 1 to 1. The infection rate of Covid- 19 is double at 2 to 1 and the incubation time table can be high as 14 days. It is for this reason why we have lock downs to breakdown this transmission rate.

From Kees Dekker in Namibia

There is one statistic which is never quoted and which I cannot find anywhere on the internet: the survival rate of people treated in ICU, preferably broken down by age group. This is a hugely important statistic for the following reasons:

- it is generally reported that eventually more than 60% of the global population will get the virus, after which the pandemic shuts down purely on mathematical grounds as the infection rate is not sufficient to keep the spread of the virus.

- the reason behind all the social distancing measures is to lower the peak of infections so as to allow the medical system to cope with people needing hospitalisation. This is supposed to save lives.

- if, however, few people treated in ICU survive their ordeal, it means the world economic system is being destroyed for a very small number of man/woman years, given the age of people being saved.

When watching a reporter of Sky News in an ICU unit in Northern Italy it was mentioned that of all 26 people there only one was slowly recovering, all others had died, or expected to die. This may have been an aberration, but who knows?

I have written a few days ago to Sky News asking if they could provide the numbers, but never got a reply.

Kind regards,

Thanks Sotolo, do you not feel with so many income hungry investors that the volume might work in this environment or am I just having a flight of fancy.

Regards

Isolated Bob

isolated Bob, I sell in the afternoon before every divide ed day and buy back the next morning, to pay cgt on the divi; almost every time the price falls by considerably less than the divi, maybe in anticipation of reinvestire, so think I am going to give up

Sorry Tibbs, should say Non Exec Chairman stuff but without their gross fees and share options benefits.

Isolated Bob

Not least of all yourself Tibbs having the ability to assimilate all the informative post into a cohesive whole Non exec ly without their grosely Chairman of the board stuff but sadly without their grose fees and share options.

Cant quite make up my mind about China. Ruled by a Communist dictatorship with iron rule and unlike Western Democracies with the ability to vote to get rid of the likes of Trump or Brown , destined to govern as long as the elite party inner power brokers decide. On the other hand can a Country with 1.3 billion be governed in any other way. India seems to be doing it(just)
Put a 10,000 limit sell order in this morning at open at 117.75 and delighted to get filled at 118.82. Limit buy order in at 115.85 to accumulate my holding in CEY. As said here many times as no intent to crystallise my CEY holding but concentrating on the ex divi date in May. Major banks , Insurance Institutions, and others deferring their dividend payments and glad to say the gross and disgusting bankers bonuses. Again CEY will be a shining beacon in a market bereft of income.
Has anybody here managed to arbitrage the ex divi date with a sell order the following day. Usually a share will drop on the day following the ex divi date by the percentage roughly of the divi pay out. Would a limit sell order at open be filled before the market drops the share price that morning , allowing a buy back later at the lower price. Will try it as a mental exercise but the market not normally naive in these matters so not likely to suceed.

Kind regards to all and thanks Tony for sharing past career positions with us. Impressed.

Isolated Bob

gnome thanks for this, and tornado t, the Radio 4 Moral Maze nearly a month ago concluded much the same. However with normal flu or tuberculosis you can go to hospital if you need, the government’s concern is not so much the disease as the hospital system not being able to cope, so flattening the curve. However just as when looking at blood pressure pills we count the reduction in heart attacks and strokes, but nor the increase in falls that they cause which is hugely damaging to the elderly, here we count the lives saved from Covid by government action, rather than subtracting lives lost from corollateral damage from the ill without Covid to those hit by economic collapse, including pension payments to the old.. Incidentally the normal worldwide rate of death is around 140,000 every day. However it is also wonderful how we care so much for the old and needy. Why this matters on the Cey board, because all this new money printing and negative real interest rates should lead to gold rise, and so far with the resulting falling oil and rising gold Cey profits should be up unlike so many companies, so good value here unless gold tumbles.

Your foresight is quite remarkable, what a pity more so called professional brokers don't have some of it!

Tornadotony,
Very interesting indeed, what knowledgeable people we are fortunate enough to have on this baord!

I should add the approach of dealing with Covid-19 was having more Nightingale operational set ups away from existing hospitals and that Covid-19 suspect cases all go to prepared isolation units. The lack of testing that has been on-going is a reflection of the decimation of pathology testing services that have gone on for the past two decades in the NHS that was done to save money. The mentality has always been there is no value in normal test results (in the heads of politicians and administrators who does not know what it means for somebody to know they no longer have a disease, or that it has allowed a more definitive diagnosis through other tests). This stupidity has allowed NHS workers not having access to resources to be tested in the current situation.

How high will the deficit go?
Apr. 1, 2020 4:16 AM ET|By: Yoel Minkoff, SA News Editor

A new study by Morgan Stanley estimates the deficit will total at least $3.7T in calender year 2020 and an additional $3T in 2021, financed by the sale of Treasurys, largely to the Federal Reserve.

If the economy shrinks this year, the fiscal deficit relative to the size of the economy could even approach 15% to 20% (those numbers haven't been seen since WWII).

On top of all those deficits, President Trump on Tuesday called for a new infrastructure spending bill worth $2T, while the Fed launched a temporary lending facility allowing foreign central banks to convert their Treasury holdings to dollars.

The views of John Lee are correct. I have expressed these on other LSE Boards and my background is that I was a qualified immunologist. I speculated the actual mortality rate of Covid-19 as being 0.35%. The life years saved in what the government is doing must be compared to life years being lost by doing a lock down programme. I would expect an additional UK wide increase in the rate of suicide caused by economic issues as well as isolation issues. Over two months this could exceed 400 UK lives. The loss of life years on disrupted cancer treatments and cancellation of clinical out patients monitoring, diagnosis and on-going therapy across all diseases is likely to be far higher and could reach 10,000 in a 3 month period.

It was for the above reasons that I am a very strong advocate that the lock down has to end by week 6 or 7 as the knock on fatalities will emerge and could exceed those being lost by Covid-19 and surpass lost life years by a considerable amount. I support a lock down on all international travel outside of UK for much longer.

This is very interesting

What is the correct terminology to use?

According to the World Health Organization as well as information provided by additional sources:

The term coronavirus actually refers to a large family of viruses which may cause illness in animals or humans
COVID-19 is the infectious disease caused by the most recently discovered coronavirus
Experts refer to this coronavirus as the novel coronavirus, meaning it’s a new type of coronavirus that was not previously known or understood
Examples of previous coronaviruses include SARS (Severe Acute Respiratory Syndrome) and (MERS - Middle East Respiratory Syndrome).

What can I do to help IFAW’s efforts?

Stay safe, stay informed and help others do the same.

IFAW’s Regional Director of Asia, Grace Gabriel has participated in an interview with The New York Times, was quoted in a recent video created by Vox and authored the pieces Will we learn our lesson from the Coronavirus epidemic? and Breaking the petri dish for growing epidemics, both currently on the IFAW website.

What is the Chinese government doing?

As soon as the link between the infectious disease known as COVID-19 with wildlife trade was confirmed, China issued a temporary ban on wildlife markets. Since the ban was established, China launched an unprecedented crackdown on wildlife trade. Within a time span of 20 days, Chinese authorities investigated 682 cases, sentenced 680 traffickers, and confiscated 38,000 wild animals and 2,347kg of wildlife products.

On February 24th, as a result of the public outcry, China’s top legislative committee voted to ban the buying, selling, transporting and eating of wildlife, and committed to abolishing the bad habit of wildlife consumption. The ban, which has rallied strong support from society, is indefinite until the country revises its Wildlife Protection Law.

During the peak of the outbreak, enforcement officers risked their own safety to continue the crackdown on illegal trade, arresting nine suspects leading to the confiscation of 820kg of pangolin scales. Continuous efforts addressing policy and social behaviour will help put a stop to illegal wildlife trade.
What is happening with IFAW’s Beijing Raptor Rescue Center?

Our Beijing Raptor Rescue Center (BRRC) is still at high risk response. Though we have temporarily stopped admitting new animals, our incredibly dedicated team of animal experts has not stopped working since the beginning of the outbreak in December.

Currently, 26 birds are in our care. Six of them are ready to be released, but they could not be transported to the release site in the suburb of Beijing, due to the traffic restrictions. Keeping the animals in captivity longer than necessary may compromise their welfare. We are working with the authorities to get permission so the recovered birds can return to the sky as soon as possible.

In addition to caring for the animals at the centre, the team is conducting post-release monitoring to ensure the wellbeing of released animals. Currently, teams are tracking an Upland Buzzard and a Golden Eagle with GPS and the data received indicates they’re in good condition.

What is IFAW doing to help mitigate the chances of another pandemic outbreak like COVID-19?

We are taking the same approach we use to fight global wildlife crime along every link in the trade chain. Breaking the petri dish that grows epidemics needs strong laws, global coordination, vigorous enforcement and consumer behaviour change to reduce demand for wildlife parts and products.

We urge governments around the world to develop clear legislation that prohibits the commercial trade of wildlife, based on zoonotic risks for humans and the ecological value of wildlife in the wild.
We support wildlife law enforcement officials and judiciary institutions in enforcing such legislations and prosecuting wildlife crime offenders. We also proactively provide tailored trainings and mentorship programmes for law enforcers as well as expert workshops for judiciary experts.
We conduct social behaviour change campaigns to reduce consumer demand for wildlife. Currently we’re displaying billboards at the Beijing International Airport terminals with a public service announcement which reads Eating Wildlife is a Crime. We’ve activated a joint campaign with MeiTuan, one of China’s largest food delivery/shopping apps with 35 million active users. In only two days, we saw more than 7,500 ‘wildlife meat’ businesses and restaurants removed and over 17,000 restaurants and businesses pledged and joined the call to reject the sale of wildlife products.
IFAW works with the private sector globally to remove live animals and wildlife products from online marketplaces. In China, for example, we work directly with web giants Baidu, Alibaba and Tencent who have all adopted a strict zero tolerance policy against wildlife trade. In fact, Alibaba banned the trade of parts and products from elephants, tigers, rhinos, bears, pangolins, turtles and sharks more than a decade ago. Alibaba has now expanded the ban to cover more than one million wildlife species. This was a crucial step in our fight to end the trade of endangered species and wildlife on online marketplaces.
Outside of China, we’re also working within countries with wildlife consumer markets to strengthen legislation and enforcement. The spread of zoonotic diseases is not a Chinese problem only. It’s a worldwide problem that will come back time and time again if governments and international institutions do not act.

IFAW answers your COVID-19 questions
18 March 2020
Did the novel coronavirus known as COVID-19 really come from wild animals?

We have every reason to believe so, yes. Scientists believe this new form of coronavirus originated from a seafood market in Wuhan where various species of wild animals were sold and butchered illegally. Experts from China’s Center for Disease Control (CDC) successfully isolated the virus from samples taken from the market.

Live animal markets where a broad variety of domestic and wildlife species are sold for consumption are perfect breeding grounds for diseases. Animals sold at these markets are often kept in small cages stacked on top of each other - the stress of captivity weakens their immune systems making it easier for viruses to spread from species to species. With the SARS epidemic in 2003, the virus jumped from bats to civet cats as an intermediary host, before being transmitted to humans. Scientists in China have deduced that this new type of coronavirus 'jumped' from bats to another intermediary species and ultimately to humans as well.

Diseases that are animal-borne are ‘zoonotic diseases’. There are many examples of modern zoonotic diseases that spread from wild animals to humans. HIV/aids is thought to have originated in chimpanzees in West Africa, hunted and butchered for human consumption. The reservoir for Ebola is within African bats, considered a delicacy in parts of Africa. Hence, the spread of zoonotic pathogens is a worldwide problem. New diseases coming from wild animals can erupt in all parts of the world as long as humans keep hunting, trading and butchering wild animals.

https://www.disabledveterans.org/2020/03/11/flu-vaccine-increases-coronavirus-risk/