George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ahmed Tarek - Exploration Geologist at Barrick Gold Corporation
Exploration Geologist / Exploration Geologist
Mar 2022 - Present
Experience
Egypt
Centamin Egypt/Pharaoh Gold Mines
Full-time · 1 yr 6 mos
Exploration Geologist Egypt
Mar 2021 - Mar 2022 · 1 yr
Brown field exploration activities include mapping, sampling and drilling campaigns in several prospects around Sukari gold mine. Activities include: prospect-scale/detailed mapping, rock chip and soil sampling, relogging campaigns and RC drilling. Brown field exploration activities include mapping, sampling and drilling campaigns in several prospects around Sukari gold mine.
Activities include: prospect-scale/detailed mapping, rock chip and soil sampling, relogging campaigns and RC drilling
Exploration Geologist
Oct 2020 - Mar 2021 · 6 mosOct 2020 - Mar 2021 · 6 mos
Sukari gold mine, Central Eastern Desert - Egypt.
Underground drilling programs: Supervision of multiple diamond coring drill rigs in an active underground mining environment, responsible for dealing with drillers, checking and optimizing down hole surveys along side with logging and sampling the drill core.
https://www.linkedin.com/in/ahmed-tarek-1b003112b/
---------------------------->>>
My Thoughts:
How lucky for Barrick that its new hire was involved in brownfield exploration around Sukari - including drill core logging from above and below ground drilling.
For those keeping score - we're at twenty such Barrick/Centamin employee swaps in the last 18 months
Thanks Cowichan
A "small" matter perhaps, but a lot of the "small scale mining" in areas of Egypt I have seen are anything but small, pick and shovel.
These are medium scale, highly destructive illegal mining using 25 -35 ton excavators. Sure, some of the excavator operators make some money, but 99% of the money goes to the owners of the excavators and that not a peasant.
The questions are
1. Who are the excavator owners?
2. Why are they allowed to rape the land, avoid paying any tax to support local communities, health, education?
3. Where is the government who are meant to be protecting and managing the natural assets of the country?
A: Lost in administrative detail and comfortable in their air conditioned offices, or writing new amendments to the legislature...all while Rome burnt
Q: Really, cui bono?
Cui bono is a Latin phrase that means “who benefits?”, and is used to suggest that there's a high probability that those responsible for a certain event are the ones who stand to gain from it.
sadly
the gnome
A 12-year old girl, from the Yanomami tribe, was allegedly raped and murdered by illegal miners, deep in the heart of the Amazon. More than 20,000 have invaded Yanomami lands, waging a bloody war against the community and the rainforest.
The Brazilian government is ignoring this crisis -- but a million voices from around the world could put the Yanomami plea for help under a global spotlight. Let's stop this massacre.
Join me here: https://secure.avaaz.org/campaign/en/amazon_emergency_loc/?krtqjhb
Major European indices are trading higher in Wednesday's pre-market session as investors await the release of more economic reports throughout the day and the continuation of the World Economic Forum (WEF) in Davos.
On the military operation on Ukraine Luhansk Oblast, Governor Serhiy Haidai noted earlier that the situation in the region is "worse with every hour," noting that Russian troops are advancing to the area in all directions at once. During the day, the market research institute GfK is expected to release the data on consumer confidence in Germany.
The DAX gained 0.95% at 7:52 am CET, while the CAC 40 added 0.85%, and the FTSE 100 rose 0.92%.
The euro was down by 0.29% against the dollar at 7:07 am CET, selling for $1.07057. In comparison, the pound was flat to go for $1.25354 at the same time.
Baha Breaking News (BBN) / JG
An interesting LinkedIn thread by Mohamed Ghoneim (Gold Pyramid geologist):
These are the people who work in the Egyptian desert to Produce for gold, they do not have any kind of risk. They are people who want development and cooperation with companies that will want to work in Egypt.
They don't frighten anyone, they don't carry a weapon, they don't chase anyone. If you want to work with them, you must have techniques in this.
I am visited some mines in the eastern desert of Egypt. All companies that have gold sites in Egypt should start their work.
#work #people #development #egypt #gold #goldmining #goldexploration #egypt
reply from Javier Orduña (Aton's exploration manager):
Mohamed, most of the dahabbas (Ababda) in the desert are as you say perfectly nice friendly guys just trying to scratch a living, to drag themselves out of poverty. I have sat and drank tea with plenty of them too.
But don’t be naive - there are a good few serious bad asses out there too, as you well know, and most of the dahabbas are armed, even if only for their own protection against the serious criminal element amongst them. We have had way too many shot dead close to us for my liking in the last few months and years.
Romanticising and minimising the reality of the dahabba situation helps no-one, and definitely not Egypt
MG: I am agree with you on that, and I also drank tea with them underground. But they need special treatment from an experienced person. I’m visited many mines and gold areas recently, which is the largest area for gold in Egypt, and there are a very large number of goldsmiths. I stayed with them on the mountain for a number of days.
These people do not like violence in dealing, and some of them have morals, and some of them have no morals, They should be treated with the art of war and peace
I heard about some people in companies that he went to mapping and taking samples, and when he saw these guys from Dahab, he rushed back from fear that he saw Dahab working.
Some pictures of these friendly Egyptian desert gold 'entrepreneurs'
https://www.linkedin.com/posts/mohamed-ghoneim5_work-people-development-activity-6932422658324062208-DONG?
We’ll done, where did you find better prospects?
Bought at 79p, just sold out at 87. Found better oppertunities elsewhere. Good luck to all
more date just released to show US economy and housing market slowing ... UST bill yield down to 2.75. All gold for gold; just need the $ to weaken which in will in time :)
European stock exchanges were lower premarket on Tuesday after Western and Ukrainian officials gave no positive signals about a possible peaceful solution to the crisis in eastern Europe. Meanwhile, in Switzerland, International Monetary Fund Managing Director Kristalina Georgieva revealed yesterday that the projections for economic growth are even lower than what the latest estimates have shown, while Bank of France Governor Francois Villeroy de Galhau warned that cryptocurrency regulation in Europe is a "matter of emergency."
The DAX declined 0.64%, London's FTSE 100 lost 0.70%, while the CAC 40 was down 0.84% at 6:56 am CET.
The euro was 0.24% lower against the dollar at 7:14 am CET, trading at 1.06645. The British pound decreased 0.17% compared to the greenback, going for 1.25665 a minute later.
Baha Breaking News (BBN) / MS
I fully agee .
Thanks Dusterman ,I ,missed that one.
Martin had no hesitations and no sips of water.
A man determined on a mission. Well done.
Thanks Duster
Very happy to be a shareholder, very clear
best
the gnome
Lets hope that this is the start of a few more buys by them and also the start of better times for Centamin and us LTH.
NOTICE OF DIRECTOR DEALING
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
Today, Martin Horgan, Chief Executive Officer, purchased 65,788 ordinary shares in the Company at a price of £0.835 per share. After settlement of the transaction, Martin will hold a total of 107,193 ordinary shares in the Company.
On 19 May 2022, Ross Jerrard, Chief Financial Officer, purchased 67,000 ordinary shares in the Company at a price of £0.825 per share. After settlement of the transaction, Ross will hold a total of 567,000(1) ordinary shares in the Company.
On 20 May 2022, Mark Bankes, Non-Executive Director, purchased 30,000 ordinary shares in the Company at a price of £0.836 per share. After settlement of the transaction, Mark will hold a total of 319,000 ordinary shares in the Company.
RNS Number : 3493M
Centamin PLC
23 May 2022
23 May 2022
Centamin plc
("Centamin" or "the Company")
LSE: CEY / TSX: CEE
Director/PDMR Shareholding
Under the shareholder approved Remuneration Policy and Centamin Incentive Plan ("Plan"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, contingent awards over ordinary shares of nil par value in the Company were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").
Subject to clear performance conditions, the awards to the following participants will partially or fully vest after three years, on 20 May 2025 and are subject to a further two-year holding period. In the normal course, the Plan participants are required to be an employee of the Company at the time of vest.
For more details on the Plan, please refer to the Remuneration Report within the 2021 Annual Report and Accounts, available on the Company's website at www.centamin.com.
Director / PDMR
Number of Plan Awards
Martin Horgan
Director
979,000
Ross Jerrard
Director
821,000
Amr Hassouna
PDMR
492,000
In accordance with the requirements of Article 19 of the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of UK domestic law by virtue of the European (Withdrawal Act 2028), the Company makes the below notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
This announcement contains ongoing regulated information.
FOR MORE INFORMATION: please visit the website www.centamin.com or contact:
Centamin plc
Michael Stoner, Group Corporate Manager
investor@centaminplc.com
Shared from before but a decent interview with Martin. A road to 550,000 ounces and low AISC of around $1000 would be amazing
Please find a re post from March 2022
Kitco.com, the pre-eminent media source for gold stories. It is a good summary of where are and where we are hopefully going to!
https://www.kitco.com/news/2022-03-10/Centamin-s-Sukari-advancing-to-become-tier-one-asset.html
Added again this morning, as I feal confident we will not see this lower then 80s anymore as the only way is UP!
Added:
Earlier, Ukrainian President Volodymyr Zelensky said that Kiev is trying to end the war as soon as possible. At the same time, the United Kingdom will ensure Ukraine can export grain and other national food products. Besides, the European Centre for Disease Prevention and Control (ECDC) is expected to recommend that bloc countries prepare vaccination plans for monkeypox.
Major indexes in Europe traded higher in the premarket on Monday ahead of new economic data and amid the military operation in Ukraine and its global implications.
The DAX gained 0.87% at 7:05 am CET, while the CAC 40 added 0.49%, and the FTSE 100 rose 0.43%.
The euro improved by 0.24% against the dollar at 7:08 am CET, selling for $1.05892. In comparison, the pound grew by 0.41% to go for $1.25451 at the same time.
Baha Breaking News (BBN) / JG
Happy Monday y’al
Gold in recovery mode
Currently $1855’ish + 55%
Exactly, but many things have changed ,at least no more waste d moneyon BF ,and no longer a one cow farm.
Chickens coming home hopefully to lay.
New concessions under new terms and possibly ,eventually Cote De Ivorie.
The Soap Opera continues, with new hope ?
Thank you Razor's , I understand, hard to take in sometimes, such a change from where things were then to where they are now, so unexpectedly and to such an extent!
I must admit that when the crack in the pit wall was first announced and the share price dropped to £1.70 I stayed put because I thought that Martin Horgan would make a statement on what was being done to rectify the situation and then the share price would gradually recover from there, unfortunately at that stage neither the gravity of the situation or the amount of remedial work needed to put things right wasn't apparent as we now know only too well!!
Hello MrTibbles I originally didn’t quote the date because it is listed as 2111 days ago but as soon as I went ahead and posted I seen the date listed elsewhere as 08/10/2016
I think it means 10th of August rather than 8th of October but hardly makes any difference.
What interested me was as a long suffering Cey holder I got an idea of how positive the market could react to Centamins share price if Martin Horgan and co. do manage to up the production successfully.
“… shares soared 177.95% since the beginning of the year.”
Enough to get me and my dog salivating at the possibility.
Yes indeed, good point, run the operation on a wing and a prayer with regular doses of media baloney for as long as they could until the inevitable crash (or crack) exposed the true facts!
Although to be fair Kees Dekker had pointed out the flaws i the way Pardey was running things as far back as 2016, then again in 2018!
How I wish I had taken Kees more seriously rather than believing Pardey!
Thing is though that there are still other miners that are even now running on the wing and a prayer principle !
2016 from what's in the text and sounds about right back then- shows what u can do when you don't worry about doing it properly lol
*Please find a re post from March 2022
Kitco.com, the pre-eminent media source for gold stories. It is a good summary of where are and where we are hopefully going to!
https://www.kitco.com/news/2022-03-10/Centamin-s-Sukari-advancing-to-become-tier-one-asset.html
Feel free to share with others they may find it offers some explanation of why AISC have risen for the short term and hope that things will get better because at last things are being done as they should have always been !
Worth a watch -if they have 17 minutes to spare – it’s a long piece!
Tibbs
Hi Razor's,
What date was that published?
Certainly shows how things can change!