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Ps very weird just now seeing the gold price
1944-1945
And thinking back to those years in Ukraine, that back then had barely survived 6m starved to death by Stalin in the 30’s, then more again with the German occupation, and then both fighting over it in those years.
Tibbs the truth is you are a really decent man, I try to be, sometimes we see things differently with you preferring to see the positive in Cey which is admirable, while I have always interrogated the negatives on anything I’ve worked on, thinking the positives will then take care of themselves, but in essence we both have our feet on the same ground, both our views I hope help here but most of all in an increasingly divided, opinionated and intransigent world tolerance and decency as with so many here are increasingly important. Thanks Tibbs, you cheered me up on a very grey morning.
Hi Sotolo,
Well said, for a really excellent thought provoking summing up!
Tibbs
Read the past year's RNS's then you'll have a good idea..
Fair comments Halfpenny, problem is that so many of the people soon forget history or are ignorant of it and so it repeats itself.
Our present UK Cabinet is amateurish and lacking in diplomatic skills and since Brexit has lost international influence.
The UN should have been more involved in averting the present crisis, Johnson's helmets and armaments donations to Ukraine were an expensive, stupid and pointless gesture, Truss was regraded as a joke, it is a shame for Ukraine and indeed for the rest of the world!
I am surprised its under 100p. Thank goodness for the solar farm from June. It will pay itself back in no time. Best investment centamin ever made.
The USA wouldn't let nuclear weapons on their doorstep, remember the Bay of Pigs, why should Russia? Talking wasn't working, the US always had an agenda to increase their power as per usual you can't negotiate with the Americans, Putin was pushed into a corner. Look at NATO's expansion eastwards over the past 30yrs and you might be able to understand there's two sides to every story..
Thanks Sotolo.
I am admitting I know very little about the Ukraine. I feel very sorry for the innocent people who want to live a normal life there. I would think the most reasonable way to solve this is to get the politicians and ideologues, all herded into a 10km2 paddock, given weapons of reasonable choice and mobile phone taken away from them, and are told, may the they solve their differences as best they can with the resources they have at hand and perhaps get them to show some planning and management skills, and set some time lines and a gantt diagram.
I know I am very distrustful of media generally, whether it be "mass" or "social.
There has been enormous distrust built up around some of the propaganda, in terms of its origins, its broadcast, management, controls etc. Goes back to the work of Edward Debares in the 1920's ...
https://www.youtube.com/watch?v=RfTgAlpw8zY
https://theconversation.com/the-manipulation-of-the-american-mind-edward-bernays-and-the-birth-of-public-relations-44393
I am not saying there are not "good journalists" which is a ridiculous claim. Good journalists can be compromised by "management.", at least for a while. Its the "systematic journalism" that is the issue. Propaganda. Marketing.
Good luck to us all,
the gnome
Poly just puked..
European stocks plummeted in premarket trading on Thursday after the situation in Ukraine turned into a military conflict. Russia launched a military operation in Donbass after the leaders of the region's self-proclaimed republics called for such a move. Ukraine branded Moscow's actions as a "full-scale invasion."
The FTSE 100 dropped 2.61% at 8:00 am CET, the DAX plunged 3% at 8:01 am CET and the CAC 40 dived 2.45% at the same time.
The euro fell 0.53% against the dollar to go for 1.12460 at 7:56 am CET and the pound lost 0.33% compared to the US currency to sell for 1.34986 at the same time.
Baha Breaking the News (BBN) / NP
Gold gnome,, I greatly appreciate your posts from down under on Centamin, inflation and gold, but it is deeply depressing to read you and others lambasting the fourth estate. Contrary to your opinion there have been some excellent and pertinent analysis of Ukraine from the FT to the Telegraph the BBC the Spectator NYT etc, and they have been entirely right about Ukraine, including fascinating well researched long essays about its history. Without them we too might live in a Putin world. Steven Bannon and Dominic Cummings have very sadly won if you no longer believe in the news but conflate their online fake news with the serious press and thus no longer believe it or its importance. So I say thank you to their journalists, mor and more of whom are killed by dictators around the world. They are vital for freedom and for this board, ie to make investment decisions, and their reports over the last week have led me to buy more gold shares so this discussion is pertinant.
This incidentally is your post a week ago about how they were making up
“Another All-Time Media Faceplant !!?
After the Biden administration and the press wrongly predicted a Russian invasion of Ukraine on February 16th, they kept compounding the error in spectacular fashion..and why not...havent they anything better to do?
“It was a joke, you idiots.”
If cluelessness, can be art? or fart??, American journalists unveiled their Sistine Chapel this week, in a remarkable collection of misreports and hack stenography surrounding a predicted invasion of Ukraine.” and yesterday “ Least of all the "news" on the BBC, CBNC, RT, and the
rest”. Shame on you and the attackers of liberal democracy, along with the press that has enabled and supported it from Jonathan Swift to Daniel Defoe, the broadsheet to our ancient magazines and yes the increasingly underfunded BBC that all enable us to see fake news here, it may not be perfect but has enabled me to live 70 years without having to fight, enough to eat, freedom to travel the globe and fulfil my life as I wish, at least in the U.K.
I agree with all you've said but to be clear I won't be calling in any questions to Centamin.
As far as I'm concerned the three email replies I received from Investor Relations in the last two weeks on the topic of the HiSeis survey let's me know the only way to get actual compliance with regulatory disclosure obligations is through other means.
For the record this is my original email sent to IR :
Attn: Investor Relations
Would Centamin consider publishing the results of the 2D & 3D geo-seismic programme that it undertook around Sukari in 2018 ?
The results would better inform shareholders of the company's future prospects.
And their replies ( the parts that were relevant to my question )
... as you know, we looked into this for Sukari and in 2019 we trialled a 2D seismic survey to see what the data showed. The quality of the data was inconclusive...
...as per our email correspondence below, the Sukari 2D seismic was a trial of the technology. That means the technology was trialled over known gold structures. No material information from that study has been withheld. The technology confirmed several of the structures...
------------------------------------------
So, from those two contradictory statements alone it's clear shareholders aren't being told the whole truth -
Either the data WAS inconclusive (something both HiSeis and Centamin's own 2019 Annual Report refute) or the survey did confirm several of the structures - as stated here:
https://www.centamin.com/media/1605/cey-rns_fy19_final_180520.pdf
"A 2D geoseismic programme was completed during 2019. Initial data interpretation is very encouraging, identifying multiple potential gold systems and exploration targets"
Centamin's previously announced 10k meter exploratory drill program around Sukari is likely complete now with assay results pending - and given the above quote from Centamin's Annual Report the HiSeis 2D survey results were crucial in choosing the targets.
Why Centamin should choose to play both sides on this issue is anyone's guess - my conclusion is they have chose to keep the details secret from the market - perhaps to appease a third party.
My concern is that our share price is being kept artificially low these last 2 years through focusing on (and creating?) bad news while burying the good news.
That is a topic I hope one of my fellow shareholders can 'call in' and raise - sharing this post might also be helpful.
Thank you Dasut for your well informed and valued summing up of the situation!
Hi Mr Gnome,
Mainstream news is much the same repeated over and over any 24 hrs.
Through the night I listen to https://www.bbc.co.uk/programmes/p016tl04 which gives a much more informative view of different parts of the world .
What pity that the BOD never questioned why waste clearance wasn't taking place even when it was obvious from the problems of 2015 & 2018 that all wasn't as well as was being claimed by Pardey.
Pretty obvious that investors are already doing their own research, but possibly on the wrong sites, so which ones should they use?
Mine Wall Her Schmitt..
Interesting post. Martin has noticeably built a team, which he needs to help him deliver. Smart. Notg unique.
Delivery of a stripping problem will not happen overnight.
I won't waste time on discussing the shortcomings of the previous "management ", but there were issues. Suggest look at where they have re-appeared, and AVOID
I do suggest doing your own research, and tuning in...Centamin will announce its audited financial results for the twelve months ended 31 December 2021 on Wednesday, 16 March 2022.
Good Luck, and what a heap of rubbish on the Ukraine, a truly pathetic effort! on both sides !!! The usual players play the usual song, to justify standing armies of poor people, coerced to shoot other poor people, and we call it a war and on it goes ....
The great thing about today is one can see beyond the ideas of the western mess (sorry press)
https://www.youtube.com/watch?v=jrGLhhTtxFU&t=1428s
One would know what is important in ones life. Remarkably little. Least of all the "news" on the BBC, CBNC, RT, and the
rest
good luck and good night
the Gnome
Costs much higher, to a lesser extent fewer ounces
No
BOD visiting mines is highly recommended if they involve and listen to local management. Also excellent if the BOD understand more than just the fundamentals as the answer to success is in the details. Unfortunately BOD's are comprised of financial corporate types "Gucci miners" not too many hands on grassroot types.
Examples Geologists aren't mining engineers and mining engineers aren't muck shifters and muck shifters aren't mining engineers, accountants, political appointees aren't any of these. Would any of these understand that there has been high grading practices I very much doubt it until it became obvious.
I have in the past had detailed discussions with Mining General Managers who are excellent in MIning technologies much of which I hadn't a clue and often needed my own mining engineer on the team to explain acting as an interpreter. Much of the problems being communication and open pit mining as an example isn't that difficult providing the guy on the digger understands where to dig and the truck driver knows where to go. OK very basic because considerably more required such as maintaining haul roads, compacting waste dumps, pit layout etc. Where it goes wrong is prior to the the guy on the digger being told where to dig.
So on the surface it all looks good until you are backed into a corner which is where Centamin found themselves and now having to dig themselves out of the hole.
So at the end of the day it needs someone who understands Mining engineering, geology and material movement and from what I hear Martin Horgan has a team around him that understands all of the nuances. So would suggest he has individuals targeting the weaknesses getting back to the basics.
Cowichan am I worried about the seismic report yes would be great to get a response from someone in authority even though the information might be difficult to understand, is this a priority I am not sure, as I would prefer the management concentrate on getting the major asset back on track.
Won't be long now until you can phone in your question(s) to the board.
So why are we not now at £2/share given gold used to around 1250…! With the profit share, increasing production costs (inc oil, wages etc) things keep getting chipped away.
I thought black rock sold most of the gold t last year saying gold is no hedge against uncertainty anymore.
When they saw the RNS lol- 16th March.
Major European stock markets registered some gains ahead of Wednesday's opening bell, as new remarks from the European Central Bank suggested two possible interest rate hikes could take place this year.
According to Robert Holzmann, the ECB might announce the first interest rate increase in the summer and an additional one before the end of the year. As the earnings season continued, Rio Tinto revealed its full-year results for 2021 earlier today.
The DAX gained 0.12% at 7:55 am CET, while the FTSE 100 and the CAC 40 stood slightly in the green.
The euro traded flat against the dollar to sell for 1.13254 at 7:55 am CET, while the pound increased by 0.08% to $1.35953.
Baha Breaking the News (BBN) / ND
Happy hump y’al
Will do Cowichan, hopefully so will others!
Thank you Cowichan,
You are certainly attracting the right type of interested followers in your quest for answers!
Well done!