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Hi Razor's,
Another nice little earner for her?
perhaps a few of us should write to her and ask why the non exec's ever queried why no waste stripping was taking place at Sukari?
Siko. It is always good to see you post on the board. Being invested in Centamin has led to a few disappointments and no one is holding you responsible. It seems we have been misled many times and i accept that yourself and quite a few of the regulars post in good faith.
I hope you and your family are well and staying safe -------but as much as possible , enjoy the festive season.
Just had a thought. Hoc own a large chunk of Aclara after all it did demerge from hoc following it's listing on Toronto's exchange and they still own 20% of the company. Hoc possibly want to broaden horizons due to Peruvian political landscape recent upheaval, or do cey want a play in the rare earths market. Oh what possibilities..
The Company announces that Dr Catharine Farrow, Non-Executive Director of Centamin, has been appointed as a non-executive director of Aclara Resources, listed on the Toronto Stock Exchange.
Further to Centamin and Alcara Resources, Catharine is a non-executive director of Franco-Nevada Corporate and Eldorado Gold Corporation.
https://www.lse.co.uk/rns/CEY/director-declaration-8qudw515mddij55.html
European stocks were higher in the premarket on Tuesday as investors awaited the latest consumer confidence data for Germany and the Eurozone. European Central Bank (ECB) Vice President Luis de Guindos was optimistic about the resilience of the euro area economy despite the potential impact of the Omicron coronavirus variant.
The DAX gained 1.10% and London's FTSE 100 increased by 1.12% at 7:02 am CET. The CAC 40 grew 1.23% at 7:02 am CET.
The euro was flat compared to the dollar at 7:11 am CET, trading for 1.12785. The British pound was 0.06% higher against the greenback, changing hands for 1.32158 at the same time.
Baha Breaking the News (BBN) / MS
Hi all,
It seems like the quote (Good times are coming) that I had posted here a few years ago after one of my chats with my dear and great friend, Mr Esmat ElRaghy (May he RIP), is still causing problems..
I'm sorry if that quote had led to your disappointment..
Anyway, I just wanted to say that I'm still here, reading all your posts, invested with my few pennies, but my participation in the BB is very limited now for personal reasons..
Thanks for those who get in touch every so often.. I'm good, just got back from Egypt and everything is going very well..
GLA with your investment..
Siko
No problem Mr T . :-)
I've been here 9 years or more.
Lets just hope that things get sorted now and we get those golden flip flops one day in the not too distant future.
From what we are being told, it looks like Martin Horgan is building a good base to move on from. I would like to see him put some of his own money into these shares though. A couple of 50,000 buys a few months apart would be a good sign.
Anyway--All the best Mr T.
Good news Razors,
Lets hope there is a bit more upgrading of the Sukari eserves as well!
Sorry posted below too soon , Title should read Betrayal!
Hi Paul,After seeing the post by Mr Bond I apologise to you, the acquaintance who who gave me the information is as frustrated as we are with the way things have worked out.After the way Josef spoke to retail investors at the AGM in Jersey he has proven to be a great disappointment to say the least!Siko is a very decent chap with some pretty impressive in the know Egyptian contacts, that said to the best of my knowledge Siko had always done his best to ensure the authenticity of everything he posted in good faith.Our good faith and trust was betrayed by those Centamin directors whose words we took in good faith!Tibbs
https://twitter.com/centaminplc/status/1472952503855718403?s=21
Paul,it can be cofusising Joseph the son of Sami.
Youseph brother of the ame , similar to Jack and John the same. But different ;-).
Gold down a little as at the moment are CEY.
But stocks worldwide down due too panic over shutdowns due to the Dreaded Lurgi.
Courtesy of the Goon Show.
Sorry Mr T. genuine confusion. Was there a Josef and a Joseph??? I know the ex police chief was the nephew?? of one of them?
Dont worry about it. Even Siko reported having heard "Good times are coming. Good times are coming" and Siko strikes me as being a pretty straight bloke.
They reckon sticking a pin in to pick shares is more succesful than "experts " stock picks so I wouldnt expect "The man on the train" to do much better (if any) than random.
All the best for Crimbo Mr T. Try and calm down a bit with the political stuff. I agree with a lot of what you post but hammering on about it here isnt going to do any good.
Quite so,unfortunately it seems we were both misled.
Possibly not confusion,more likely sarcasm.
Some of us long term holders used to pass on news from various genuine sources/contacts in good faith, had this all worked out we would have been delighted, but nothing is certain and unfortunately its the messenger that gets shot.
Possibly this is why some no longer post on here.
Robert Kiyosaki best-selling economic author makes his case for the imminent collapse of the entire paper money system.
Until 1913 the US was a tax free nation then FED (A big bank cartel) was created in 1913,
During the wind up of WW2 in 1944 American promised the rest of the world that ii the dollar became the worlds reserve currency it would back the dollar with gold
In 1971 President Nixon broke that promise and the Comex was created two years after!
Central banks money printing in 2021 during the pandemic totalled 16% of global GDP!
https://www.youtube.com/watch?v=I3qt7IeMdLs
What has been the most surprising financial event of 2021? The 20% gain in equity prices, the 40% jump in oil prices and even the fivefold leap in US inflation may all have been bigger than expected, but they were at least directionally understandable consequences of the fastest growth in the world economy for 40 years. That explosive growth, in turn, was a predictable response to last year’s unprecedented monetary and fiscal stimuli, magnified by the end of Covid lockdowns. A more surprising event than the performance of equities or energy, or even inflation, was also arguably more important, not only for financial markets but for global economic prospects.
The 10-year US treasury yield, which was almost universally expected to rise back into the 2-3% range that it had inhabited before Covid, is ending 2021 well below 1.5%. And the 30-year bond yield, which had never in history plumbed levels below 2% prior to Covid, is trading today at 1.8%. That is exactly where it was back in January, when US inflation was running at 1.4% instead of 6.8% and when much of the world economy was still in lockdown.
This time is different. We have walked past the tipping point.
Is the threat of Modern Monetary Theory on us now? And if so where does gold sit, and what invesment thesis holds for it?
Recall: DEC 9 2019
>Goldman Sachs is forecasting gold to rise to $1,600 an once, an 8.5% gain from current levels.
>A main part of the bull case is the increasing talk of Modern Monetary Theory, which says deficits don’t matter in low-inflation environments.
And what opinion does G-S have now?
https://www.goldmansachs.com/insights/pages/gs-research/reflation-risk/report.pdf
I am off to buy more gold, and gold miners ...those with no debt (still worried about the interest rate rise threat, which is now greater than geographic threats?), no royalties or streamers, solid disciplined competent management (scarce, I know) solid free cash flow, good environmental credentials as well as a sound social license, real organic growth optionality...and abilitiy to execute.
No waht I mean?
best
the gnome
I get confused. Wasnt there a Joseph as well as a Josef? Didnt "the man on the train" say one was an honourable man before the s--t started to hit the fan?
its not about trading, it's about trust1
its being able to trust in the integrity and professionless competence of those running Sukari at the time, Josef ,Youssef and Pardey, they betrayed the trust of share holders by knowingly condoning poor mining practice with the intention of deceiving the market and share holders into believing that the sustainable forward guidance was much higher than Sukari was ever designed or capable of delivering.
With this insider knowledge they then took the opportunity to dispose of their shares at an advantageous price by offering excuses of taking a back seat and property developments before the inevitable cracks in the pyramid scheme became apparent!
i can accept that there are unforeseen and genuinely unknown occurrences in mining, but I will not accept deception lying and certainly will not get over it, nor move on!
Hi Bob&Liz,
Absolutely agree, Cowichan for non exec director , he certainly deserves it!
Although some may not realise it Cowichan's dedication to exposing the facts and persistence in asking unanswered questions has certainly hit home!
Compliments of the season to you and your family and everyone else of this forum!
On reflexion, gold is ,in my opinion, true financial wealth. True wealth is probably something completely different.
The dividend keeps some of us hanging on and , in my opinion, gold is true wealth. Assuming that Centamin can continue to find enough gold !
Olderand wiser
The problem with doing nothing and moving on in your reply to Tibbles is exactly what will happen time and again . I agree Regulators seem to have the Companies and not shareholders (at least the PI'S ) interest foremost. But there is an old saying "if you dont study history you are destined to repeat it. I would add "and react to it" you are destined to repeat it.
Some non -execs are excellent but I haven't looked into the CV of Centamin non execs as yet Did any have the in depth technical technical knowledge of the mining industry and specifically open pit mining. I would think not. Thought of the day, put Cowichan forward as a Centamin noni - exec. Get my shareholder vote.
Merry compliments of the season to all here whatever the amazing and diverse but mannerly views you have.
BobLiz
Hong Kong ex vivo research, Ie growing virus on lung cultures
It is difficult at the moment , Omicron variant more infectious ( particularly in bronchial cells X 70 ) but less infectious in Alveolar cells ( X 10 less ) . According to Hong Kong recent research. Ambulance and Hospital struggling. I think a very difficult December, Jan and February. But we maybe much better by March. but I though this last year !
The bonkers overreaction to covid new variant continues- utter madness- we have vaccine wtf are we doing- the world’s gone nuts!