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Dansul,
Thank you for the post and your comments towards me personally, I appreciate that you don't know me as well as some others on this board which is you may have come to the somewhat inaccurate conclusions about my long term investment strategy and my motives on several counts.
mrtibbles, its normal to hear a lot of negative comments when someone is in control or/and successful of their business.
I believe Egypt is one of the country that contained the spread of the virus since the beginning and took all the measures to avoid the disaster (they may face the break of the virus but unlikely as per the World Health Organization)
https://www.elbalad.news/4258580
Dr. John Jabbour, representative of the World Health Organization, said that countries with a pandemic cannot hide, but what is happening is a lack of estimation of the number of infections.
John Jabbour added, during television statements, that the majority of injuries in Egypt, estimated at 85%, do not need any kind of medication to cure and self-heal, and this is among the positives that we discovered.
If Egypt is in Disaster, will it help others? Like US refuses to send any medical supply to help Canada while Egypt send To China and Italy and prepare to send also to Germany and Spain.
https://www.egyptindependent.com/videos-egypt-sends-health-minister-to-italy-and-medical-supplies/
https://cdn1.dailynewsegypt.com/2020/04/04/egypts-health-minister-arrives-in-italy-with-medical-supplies/?__cf_chl_jschl_tk__=13e6bb52a32be3b3c14c749321d6783e02246775-1586172376-0-AUyDRKpmPBqkQhqEMJXAqMOmDXDhgOs-us6iTkq17a-Vq9XeoexDWsueYX1iOskg-239MNRo8xN8aq9FVH23cIDEg9dSGRmAov4t8yxCFrgzZDjdXhXhnfuA3YyjAdmEI0w3qv1_l16UcdZgW4nf-UTmW5ep05kBT-VAHzaApgPSd9yeOZddSPdw24ebwEzxP_5MGRHzfHeMxIWAvjwU1vgBTPNVdnB2YiyVP0MVwip0yLnaGl6UKHbBOsp2JUkAaIILG4gaV5DH3PA8ddCnOq-8YjFUiid7wW1vOf1r2yQAsUJzBycYE4wuC2vsZrUGEXimfVIgiZ9uKCGk_GDnHsHokM7LKXlvhywOXsszk66SbykD9WmuoTdBIuK6sIPswQ
http://www.xinhuanet.com/english/2020-03/02/c_138833203.htm
By traveling to China at the beak problem to see how things are working and learn what China as well to succeed that virus.
The Guardian never write any thing on Egypt side, they are always against every step Egyptian government do... They are supported by the terrorist Qatar & Brotherhood since the stupid 2011 Revolution.
and You mentioned "lets not forget about Law 32"..!!!! are you kidding me?
Sounds like you sold and can't buyback lower.... You don't need to mentioned all the negativity and show your bad faith while prices is fluctuates and you may get the price you looking for...
GLTA,
Dan
Quite so Prof,
The decent thing to do!
Also If it is classed as a charitable donation it may possibly be tax efficient.
https://www.theguardian.com/world/2020/mar/15/egypt-rate-coronavirus-cases-higher-than-figures-suggest
Egypt’s southern city of Luxor on 12 March. Photograph: Khaled Desouki/AFP via Getty Images
Eygpt is likely grappling with a higher rate of coronavirus infections than official figures, according to research by Canadian disease specialists and increasing infection among tourists who departed in recent weeks.
At least 97 foreign nationals who visited Egypt since mid-February showed symptoms or tested positive for Covid-19 on return home, according to public health data and news reports. Most spent time on Nile cruises believed to be the source of the outbreak in the southern city of Luxor, a tourism hotspot.
Egyptian officials say that an additional 126 foreign nationals and Egyptians have tested positive for the coronavirus since mid-February. This includes a 60-year-old woman declared dead on Thursday in the Nile Delta city of Mansoura, 465 miles from Luxor.
http://www.xinhuanet.com/english/2020-04/04/c_138947777.htm
CAIRO, April 4 (Xinhua) -- Egypt's Sawiris family announced in a statement on Saturday donating 100 million Egyptian pounds (about 6.3 million U.S. dollars) to back the country's efforts in combating the spread of COVID-19.
Sawiris Foundation for Social Development will allocate 40 million pounds to support the daily labors and most distressed families, and 60 million pounds to support the government's precautionary efforts against the novel coronavirus, said the statement.
It added that the foundation cooperates with the Egyptian ministries of health and social solidarity as well as some social organizations "to contribute to meeting the health and economic needs of the Egyptian people at such unprecedented times.
The right thing to do from both a humanitarian and a business point of view. Why the former is obvious. Why the latter - well treat people well when they are down and they remember it when they are up.
Best Monday wishes to all,
Prof
Centamin, operator of the Sukari Gold Mine, announces today that it has committed 10 million Egyptian pounds ("LE"), equivalent to circa US$635,000, to support Egypt's response efforts to combat the coronavirus ("COVID-19") pandemic.
As the country's largest mining company, and significant local employer, early action was taken to protect the on-site workforce and secure operations. We continue to closely monitor the situation, adapting our processes and procedures accordingly. We are actively working with the Egyptian Government to address the threat of COVID-19, providing logistical and financial support within our local community. We thank the Egyptian government for their support and working collaboratively in sustaining operations at Sukari.
As of 5 April 2020, Centamin has no recorded cases of COVID-19 on site and has experienced no material disruption to operations, supply chain or gold shipments.
Josef El-Raghy, Chairman, commented: "During this time of global crisis, we are committed to extending support to our host countries. In addition to being actively involved in our local communities, Centamin is donating LE10 million to financially help towards immediate critical needs. We will continue to provide our wholehearted support to the government in facing this crisis."