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The opinion I posted was that of Buchanon not mine!
Although if either the manegment or Buchanon were a meal they would be described as "Bland"
There are far too many shares in circulation that are just traded by the CFD funds who have no interest in the company or the stability of the share price, trading up and down is their only interest.
The court case regarding the concession agreement has remained in limbo for over eight years and the company portfolio shows several potential new sources of gold elsewhere in Africa, although nothing seems to actually happen, apart from each quarters colorful re worked stage managed presentation when the usual analysts ring in.
So here we are the company gets by because it has been fortunate enough to be sitting on a reasonable source of gold in Egypt and the bottom line has been good despite a possibly over generous profit share agreement.
The ordinary share holders have been told to be patient and given many promises over the years that the good times are coming although they seem to be farther away then ever after recent events!
Whilst many ordinary share holders will discuss their frustrations on forums like this there very few indeed who will take the trouble to write or email the company with their concerns which is a great pity.
I only wish many more share holders would put their concerns in writing to Centamin and keep a record of any response they may receive.
Jeremy Langford was the COO at Endeavour for a very short time. This looks a bit suspect. A bit weird that he effectively swapped roles with the ex Centamin COO Mark Morcombe who went to Endeavour? Is there a shortage of candidates in the market for this role & they just play musical chairs? Does Centamin struggle to attract any quality candidates? Looking at the track record of the likes of Catherine Farrow it does not create much confidence. Who are senior management at the mine now?
Fair comments Goldgnome, but to be frank this type of reply from BuchanonPR is to e expected.
I am sure that since the events of Q1 2018 certainly most long term share holders will have their own opinions on the credibility and capabilities of the board members.
Another investor mentioned that Buchanon had stated that it was against financial regulations for retail investors in Centamin to personally contact the analysts listed on the Cey website.
Any retail investors who require analysts views on the company should go through Buchanon who will provide the information.
The read on these guys is not inspiring. Catherine F..."a different perspective...blah blah" So what?, I could get the cabby off the streets to give a different perspective. What is so special in her perspective that commnad attention and repsect? What has she done that has made a material difference to a company of the size of CEY.
The board and the spin masters need a good boot ....
Sorry, my jury is out... CEY needs to be a lot smarter in the human department. I have no problems with the orebdoy.
best
the gnome.
My knowledge of the the professional capabilities of the new Centamin board members is limited to the information given on the company website.
However your recent post inspired me to enquire about the two new appointees to the Centamin board
Tibbs
The official response from Buchanon
Everyone is entitled to an opinion or to speculate about comings and goings of various people. Jeremy Langford was a very successful COO at Endeavour. His track record speaks for itself. I certainly hope he will be at least as successful at Centamin but he has only really only just got going.
Re Catherine Farrow, again people’s views on what happened at TMac, are entirely up to them – however, she provides a different technical perspective in relation to the rest of the board and is a valued member of the board as a non-executive.
As far as we are aware at this time she is unlikely to be a considered a candidate to become CEO of Centamin if that is what some share holders may be thinking.
Pardey seems to want to hang around like a bad smell. the new COO appears to have done an efficient hatchet job on the guy & must be trying to jump into his shoes already. I just wonder why this Langford chaps' tenure at Endeavour as COO was cut short? What did he get wrong? Also concerned that the new directors are not up to the task. Catherine Farrow was the CEO of TMac Resources until she was shown the door after their disastrous plant startup in 2016. The magnitude of destruction in share price she created was staggering - make Pardey look not so bad.
Hi Tiger
Absolutely spot-on. - What I can't understand is why they have done it? - In my opinion, it has been done for a purpose. - What that purpose is of course is anybody's guess.- Time will tell. And you are right, there has been no official communique. - Some commented on his body-language at the recent Denver convention, his awkwardness, his uneasiness and this coming across as being unprofessional. - When you address such a distinguished and respected body such as was present in Denver and deliver bare'faced lies, it's hardly surprising that he was uncomfortable.