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Hi Siko
Good to hear from you again.
I presume that the IMF are fully cognisant of this variation in contractual commercial obligation . I believe there input and support was on the basis of fair and equitable commercial contractual trading conditions applying.
regards
Bob
Oversold? If anything, it’s been overbought for a number of days. Sold mine at 105.5 and waiting for the price to go back to 90. This share is one of the slowest moving recently. Long term prospect looks good though based on pure technical analysis.
Cowichan...preferably partner CEY at least £2 plus a share and preferably a lot more
Great seeing you Siko not sure what this all means
Cheers for the info Siko and ace to see you on the board again :-).
Hello Siko,
Thanks for sharing the information.
Good to see you back posting.
Kind reegards
Som nam na
I hope that does not mean a total re hash all over again , with the caos that went with it.
It was a very bad time.
Thanks Siko ,hope you and all your family are well.
Hi Steve,
The SCC commissioners report has not been published yet, which of course will give a big hint about the verdict.
Last time their recommendation was to cancel the law as they thought it was unconstitutional. Seems like the SCC did not like the commissioners recommendation and asked them to reconsider their recommendation and re-write the report.
The SCC does not have to agree with the commissioners or accept their recommendation, but it would be odd to go against their recommendation.
If the SCC decides that law 32 is constitutional, then no one could appeal against state contracts, then Centamin court case gets cancelled altogether as if it never existed because the law applies to all existing cases where no final verdict was delivered.
If the SCC decides that law 32 is unconstitutional, then the Supreme Administrative Court (SAC) starts Centamin case again at the appeal stage.
Remember that the initial court ruling was only to limit the area allocated to Centamin to 3km sq area because no signed contract was submitted for the 162km sq area, which Centamin has submitted later during the appeal (I sent a link here for the signed contract).
Thanks Siko- any idea on verdict/resolution?
Who knows, a bit odd, most miners when down a bit but for some reason we got a whack- heyho onwards and upwards...
Has once more dropped their shorts.
Could that explain today,perhaps.
Thanks Siko.
Makes me wonder if it is a request by a third party. Who would want to partner/buy Centamin with an unresolved court case hanging over them. We shall see.
Hello everyone,
I'm in Egypt now..
Do you still remember the court case?
Do you remember how it has been suspended because of an appeal in the Supreme Constitutional Court (SCC) against law 32 which prevented appeals against state contracts?
Well, I have been told that the SCC has finally decided to deliver the verdict on 14th January 2023.
Bit of a shocker tho nearly 5% with gold stable, that’s AIM for u
https://www.mining.com/centamin-to-up-sukari-mining-rate-by-31-with-underground-expansion/
The RNS was very promising, however just as the mining journal has picked up, a lot more detail has to be explained. Just saying expert on this and what area they work in is alright in an RNS, but the website should share a lot more information on the analysis or the experts joined Centamin management in a Q and A post presentation and we have a chance to submit our queries.
As for Centamin, all the ETFs are down around 1.5% or so. A close around 102p would fit in with that.
Nothing out of the ordinary, Leaked RNS early to the insiders creating the rumour hence SP rise and a sell on the fact.
Topping up with this opportunity. News and very possible better future news stream on FACTS make holding an easy decision for me. . however been wrong on too many occasions to mention. DYOR
Bob
Am surprised this has fallen nearly 4% today did I miss something? Thought the RNS was good
I was less certain about the RNS upon reading it this morning. Taking an extra 400,000 tonnes of ore per annum requires a lot more diligence in the mine planning. Any area that becomes more unstable will need to be found quickly. I would need to see the detail of the consultant's report as to be sure that it is not just software modelling based upon theoretical assumptions that do not relate to on-going daily routine mining practice. What assumptions are made if some deviations on a protocol occur and how likely any adverse event would be. Hopefully they will share such assessments for us to read through. Tony
There are optimistic signs worth remembering.
For example I bought Centamin with the dividend payment for 83 about 3 weeks ago at todays market price the investment is plus circa 25%
Not too shabby in 3 weeks.
Even if we are disappointed with the market reaction today I’d wager if the gold price falls Centamin will hold better because todays RNS
Good figures I mean lol
Goo figures- let's hope narrative doesn't cause damage to positivity
Normally takes a day or so to sink in to investors.
Though as with the past week the final hour of trades have increased the SP.
It will be iteresting to watch todays final hour.
https://twitter.com/centaminplc/status/1592483652042039296?s=46&t=JonUS9riZ3H1xXG_0ATNtQ
Yep, plus top and drop of inflation, and recession issues lends to point toward less tightening in usa which is good for gold-here's hoping :-).
Here
Steve, thoroughly agree SP is and has been dragged up as with pretty much all gold miners by the upward trend of the gold price which I would hope still has legs, given the state of world economies and fragility of pretty much all currencies.
Like you I am holding because I see no reason why under Horgan's leadership and strong team of guys on the ground that Cey shouldn't blossom.
We have taken a great deal of hurt in getting back to basics and I hope that the hurt will stop once Sukari is structured both above and underground and can move forward from strong foundations.