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Thank you Lodan for your cordial reply, it is indeed greatly appreciated and once again I apologise for causing any offence to your personal professional skills and business practices.
Unfortunately similar experiences to the one which you refer to are all too common, not just on new build either.
But to be fair its the same in so many other industries now, its about what's claimed on the website rather than is actually delivered to the customer.
When I retired from the local authority a friend of many years asked me to run one of his Bosch franchised service and car sales centres, what I came across in the motor trade especially on the used car sales side appalled and disillusioned me to such an extent I have little faith in the motor trade or the motor manufactures any more.
We are in total agreement on the standard of houses put up by the large developers, they are shoddy at best. I had someone contact me recently who has a new build from one of the big ftse listed house builders. The upstairs of the house was freezing and the house builder refused to acknowledge any issue. After cutting a hole in the wall and wiggling into the void like a ferret I found insulation missing in probably 50% of the areas it was required. It was only when threatened with an independent surveyors report and legal action that the faults were finally acknowledged and rectified at their cost.
Then I apologise to you Lodan customers if that is the case and your clients are indeed fortunate to have a properly apprenticed considerate and skilled craftsman to work for them, you and your kind are certainly in the minority in our area.
Admittedly there are lot of new developments of far too many houses even larger ones crammed in crowed estates with garages so narrow its impossible to open the car doors once inside.
The build quality on the Persimmon and other majors estates is appalling and the residents despair that their guarantee schemes have as many flaws in as their new homes.
I'm a builder myself...if you come across pretentious like the below post in person I'm not surprised you cant get a decent tradesman. I'm a very good builder and I pick my customers just as much as they pick me. Me and my boom box would be far away from any work you required. Also all the best craftsman I know are all english. You shouldn't generalise in that fashion as its inaccurate.
Its very difficult to find properly apprenticed building trades people in the UK , even harder to find those do a proper job for the agreed price ,use dust sheets or work cleanly and tidy up at job end and don't have radio one playing from a boom box all day!
Trusted Trader indeed, "Billy Bodger!"applies to so many of them!
Some of the best tradesmen are those that have come over from other parts of Europe, they keep to the price, work cleanly and do the job properly without a noisy boom box!
@Stevejones999 You are so right positive thinking works. Norman Vincent Peale.
Sotolo
Good luck with your project. Owning Cey and having house renovations
done. Two very stressful project's!!
I'm sure they're both going to go well.
Stay safe stay well
Dagger Mal
I hope I do not need to sell any Centamin shares. Unless, there are major technical problems or political problems, them money printing should produce a higher gold price.
We start a house extension at the end of April, it should be a 12 week build. I am trying to empty out garage and some other rooms. I am hoping to have help from my children and grand children ? Tree surgeon should chop down some leylandii , I planted them when we moved in over 30 years ago. Two gardening mistakes that I made, planting leylandii and planting russian vine ! I hope I do not need to see any Centamin shares, but it depends upon how much over budget the build goes !
I believe in the power of positive thinking Sotol, it works more often then you think- picture it and in a lot of cases, it happens :-).
Dagger thanks for your lovely post, I haven’t started the building work. I have planning permission, all the architect’s drawing and engineering is done. In Aug I instructed builders again but while they were sorting building control etc gold began to fall and now Cey has halved, my husband keeps hassling me and I just keep drawing the start out and have to say it is my fault that we can’t start now waiting for it to turn, but it just gets worse and worse and as we all know what has halved can halve again, that is why I worry, not a natural pessimism, but if we start And it takes 18 moths I could be having to sell shares in 6 months or a year for far less.
Hi Sotolo
I enjoy reading your posts. This board is very informative and we all need ying and yang to form an opinion. So I don't mind your glass half empty approach.
I will say I've been reading this board for about a year.
You mentioned building work back then. How big is your property? It must be the size of Buckingham Palace the amount of work you're having done?!
I'm saying it in jest. We're all gonna get there in the end, CEY going nowhere, good fundamentals etc. Patience is key for us all.
Hope you're well and staying safe
Dagger
I don’t thing Centamin is a lifeboat and remain resolutely in the ship watching ever bigger icebergs waves and holes, my problem is I am very very slow to ever bail out, haven’t here apart from a small percentage since late 2015 when I rejoined the ship having been frightened out in 2013. Now I am waiting in the ship for the pick up. It could be a long time with teeth chattering and no champagne. Feels like 2013 again, can’t wait for 2016. Final thought, when I am at my gloomiest the market usually turns, maybe I am not quite gloomy enough yet tho I notice the pundits are turning down which may be good news. I would be far more sanguine if didn’t need the money now, but will just have to postpone my building. Good luck all
Thanks for your note Mr T- all's well.
Sorry Sotolo meant to say 'You would feel a lot better, so would many others in the boat with you!"
"Shorter's are odious parasites, best not fed and chucked ti the sharks!
Hiya Razor. I just didn’t understand where the illuminating Gnome thought what would fall to when he posted “ I think ‘ it’ will drift to $10050p”. On my opinion of the direction I am no more feeding shorters than I feed rampers when I post reasons gold will rise. I remain neither but a long term holder wondering if stupid to hold now. I think it important to have both voices here, they make the market. However as Gnome points out the company will need to become even more efficient to weather this as in 2013 to 2015 so should come out stronger as it did then. Just may be v miserable between imho
Sotolo,
It's fortunate you aren't in a lifeboat at sea you would have jumped overboard by now, instead why not just chuck the shorter's in you boat and your charts overboard and wait for the pick up you!
Hi Steve,
Firstly I hope that all went well with your hospital procedure yesterday and good to have you back to the ongoing debate!
Certainly well bombed out, although unjustifiably so especially when considering all that has been achieved since the early days and the events a few years back that brought about such big changes in Eygpt.
The doom mongers choose to forget that Centamin has lots of unexploited potential and hopefully new opportunities close at hand as well as farther afield and importantly a CEO with a credible strategy to deliver it!
Interesting post TornadoTony. Thanks.
The interesting possibility lies
1. The gold price is beyond CEY control
2. Given the gold price is going down, CEY management will tighten its belt, and work harder to optimise operations.
From 1, 2 the future margins when the world regains its senses, will be greater. This will be relfected in share price!
best
the gnome
PS Dont worry about the new Emperor!
1700 is the gold price level just before the crash last year...I expect a bounce from that level and a bottom of this downward trend channel from August. Nerves are being tested but patience will be rewarded. The long term gold trend is still strong and upward moving
Dear Sotolo
I dont look at charts. The shorters are here today, gone tomorrow. I wish them well in their well trodden path of nonsense.
As I have said previously, I am a long termer. The ups and downs, and the shorters and longers do their own thing. I am sure they know what they are doing. If not so be it.
Bitcoin is like Tulips, but tulips are far more beautiful than an algorithm, but then how things have changed. But algorithms may come and certainly they will go.
Believe me, Gold will be around a long time (even after my own immortality?) after the energy goes out of bitcoin...Somehow the new bright things always seem to be a lot duller than what is tried and proven,, after a short while. Yes you can provide the rhetoric, of how this time it will be bigger and brighter. The argument is dry.
Best to keep your clothes on, as the new Emperor, despite what he thinks, hasn't got a lot on, and is in unchartered waters.
best
the gnome
Yes Razors ,they are coming out of the woodwork this morning.
Sotolo you’re feeding the shorters that are posting this morning.
Gnomes post was a reaction to theirs.
Gezzz man
WhereGnome? As far as I can see gold I s no longer in a correction but a bear. If the bond (and gold) 20year bull has turned then it is impossible to predict a bottom - this year could very well be loss making for us, as I have said for a while profits will be much lower, because of $200 an ounce non aisc Capex on top of the aisc. Unfortunately we enter this bear as one of the highest cost producers, however we have the cash to ride to 2024 when we are scheduled to get back to 2018 output nd costs, (tho with higher profit share and maybe lower gold).
I can see governments would like to keep interest rates down, Tho markets don’t want to let them, so it is possible inflation will shoot up and gold reverse, but not on the cards jus now, other than a suckers’ rally. Sorry to feel so gloomy but look at the gold charts.