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Your assumption on my position appears as misconstrued as it is regarding most other things.
Thank you one again for your fresh air.
Its always good to clear the air.
I will ignore all the nonsense on the BB and post a couple of comments to explain a few things.. I will not be directing my words at anyone..
I read some posts about profit share and renewing Centamin's tax exemption..
The answers to all these questions are in law 222 year 1994.
No one could tell you anything more or different. I highly recommend to any Centamin investor reading the full agreement. You will find the full file here
https://manshurat.org/node/32087
Download it and read it.. It's in both English and Arabic..look at page 27 for taxes and 51 for profit share..
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As to the e-auction for 66 bars of gold next week, these are various bars that came from government agencies, such as the Customs Authority or the Public Prosecution, and the revenues will be transferred to the state treasury.. it has nothing to do with the national reserve, and it could not be added to the national reserve.. it will be sold for the local companies and traders, so revenue will be in local currency.. obviously this info is irrelevant to Centamin, but I thought to explain it properly as it was mentioned here..
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I read some comments here about Sisi asking Egyptians to be good Muslims and eat leaves like the prophet's followers, which is not true... this storey was in May 2022 by the way, I don't know why it's getting mentioned now and here.. I could explain it and translate it properly, but as a Muslim myself, I would very much appreciate it if we don't go into any religious discussions, especially if you don't know the full details, and you don't need to..
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One last comment.. Egypt is suffering financially.. the situation is bad.. the people are poor and suffer.. they have been suffering over the years as Egypt is a third world country.. you don't know what it's like to live in such a country.. but it does not mean it will go bankrupt or default.. the Egyptian pound has been losing value for decades.. we are used to it.. Egypt is working with the IMF, and only last week it increased the price of petrol as per the agreement with the IMF to reduce subsidiary..
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I'm not a holder.. I'm not posting positive cheerful stuff.. I'm just explaining things from an Egyptian point of view..
Is your complaint contageous, or toxic.
Or both
Steve, there is no way that Tibbles and Cowichan are one and the same.
T, who possibly named himself after either a cat from the Harry Potter novels, or the lighthouse keepers cat on Stephens Island NZ believed to have single handedly wiped out a small species of flightless birds called The Lyall's Wren, has posted here for years and seemingly believes this to be his BB, to the extent that he feels obliged to comment agreeably or disdainfully to others' posts to give them credibility. He has posters of Kees Dekker and Andrew Maguire on his bedroom walls and believes that, being personal friends of his, they talk to him during the night. He obligingly shares these bons mots on the BB.
C is a different kettle of fish, naming himself after the specific First Nations group who inhabit part of Vancouver Island B.C. I believe he has/had one of their world famous styled sweaters. He appears to be trying for the Guinness Book of Records, World's Longest Sulk and spends time searching for news from Egypt which he deems to be relevant here. Like T he obligingly shares these articles with the BB and in doing so provides background information which the BB otherwise doesn't appear to get, though since it is mostly bad news, he attracts much opprobrium. Anyone found any good Egyptian news lately?
To avoid doubt I sold out from here 3 years ago but look in regularly so see if it's worth while sticking my toe back in, though I have enough trouble elsewhere to go near CEY at this time.
Is Nagy Farag Egypt's answer to our dear Nigel Farage, or is that a silly question?
Yep, you're on permanent transmit... balance Mr T, balance.
If you'd listened to many over the years you wouldn't have been in such a dire position.
Cairo – November 8, 2023:
Egypt will launch its inaugural electronic auction for gold and silver next week, according the Assay and Weights Administration (AWA) on Tuesday.
The event will place 66 gold bars and 41 silver bars for auction next Tuesday, explained Head of the AWA, Ahmed Soliman, enabled by the Egyptian Mercantile Exchange (EME) trading platform.
The auction is part of the government’s overall goal to diversify the ways gold is available to the public, said advisor to the supply minister for gold industry affairs Nagy Farag, adding that the auction aims to open up a new revenue stream to support Egypt's treasury.
https://www.egypttoday.com/Article/3/128334/Inaugural-e-auction-for-gold-and-silver-bars-to-be
-------------------------------->>>>
Three very important issues:
1) Where did they source the physical gold ?
2) Is Egypt selling from its 'official gold reserves' - & why bother if the $$ is going back into CBEs treasury anyway? Do they not trust/prefer gold as a reserve holding?
3) Will Egypt use the $$ raised to 'barter' for tea?
Cowichan and I the same person, certainly isn't the case.
If I haven't been on this board then what am I doing replying to this post?
I agree that Cowichans and indeed all potential and existing shareholders should be answered by the company as well as they are able at the time!
I always listen, whether or not I learn something every time is of course as in every case debatable.
I got bored with your post Mr T.
You clearly haven't been on this board else you don't read it.
You ALWAYS agree with with Cowchain, and never pull him up on anything.
From this I can assume you and Cowchain are in fact the same person.
Try and listen to others, you will learn something.
First Quantum Minerals
The deaths come as street protests by thousands of Panamanians during the past weeks over a new mining contract signed with Canadian mining firm First Quantum Minerals spilled into wider discontent with the government.
https://tinyurl.com/5n88db54
Hi Steve,
From your comments I can only assume that you haven't been been a participant on this forum for as long as some members including Cowichan and I because had that been so then you wouldn't possibly mistakenly claim that all Cowichan and I do is diss the company.
Unfortunately since 2016 the company has chosen to ignore the vast majority of shareholders written questions including my own and failed to confirm or deny certain forum and media speculation, or even be entirely truthful about achievable future guidance.
Further more the BOD by their own admission failed to carry out their duties with due diligence by stating "that they didn't realise that bad mining practice was taking place at Sukari, part of that being the failure to implement fit for purposes waste clearance.
In the past through some challenging and difficult times Cowichan, other shareholders and I have endeavoured to post as truthful as far as can be verified positive updates and also gone to the trouble of investigating dubious media claims.
As past events have proven the BOD the were complacent, or even worse possibly complicit in allowing the company to dig itself ever further into a very extensive hole ,until the inevitable crack in the gloss of their created illusion of a tier one world class mine!
I can accept that sometimes unexpected things happen in mining , what I will not accept is deliberated and foolhardy risk taking by bad mining practice!
I am more than willing and hope to be able to give praise, but that won't be until te results and the share price justify it and as yet they don't!
But then you have stated that you are a trader and that you don't get emotionally involved in companies but that you judge them on results which seems reasonable , but then Cowichan and other shareholders including myself are possibly doing similar, albeit with more emotion!
The CEO & CFO blamed the market for the dire share price, pretty poor excuse because if they don't have the faith in their own strategy to buy when as Martin Horgan stated "80p seems cheap!"they how can can they expect the market to believe in them or anyone else to buy!
Tibbs
Tibbs the pit wall instability wasn't caused because of a short coming of the waste removal.
This however was a reason for blitzing the waste removal.
The instability wasn't a failure but it was a reason based on safety for not mining the west wall, this then meant they had to mine elsewhere but that was when it became obvious that the mine didn't have too many alternatives, certainly not at the predicted 2 grammes/tonne grades. Hence the need to open up additional faces to provide the important flexibility and this is what kicked in the waste blitz exercise.
That did not last long as we get slammed down with gold again.
Breaks out of falling wedge again. Will it pull away this time. Again it needs to close above 88p and for it to hold as new support.
Major European stock exchanges traded lower in the premarket on Wednesday as investors analyzed Credit Agricole, E.ON, Bayer, and Adidas' third-quarter earnings results. Airbus will reveal its data later in the day. On the data front today, investors are anticipating German inflation and Eurozone retail sales.
The DAX fell 0.39% at 7:43 am CET, while the Euro Stoxx 50 lost 0.45% and the FTSE 100 declined 0.26% at the same time. The CAC 40 decreased by 0.24% simultaneously.
The euro was down by 0.09% against the dollar at 7:46 am CET, selling for 1.06853. The pound was 0.14% below the greenback and went for 1.22752 concurrently.
Baha Breaking News (BBN) / DD
Happy Hump y’al
If anyone cares to check back you will find that Cowichan has posted some very positive information about Centamin through some difficult times
It seems that unfortunately the CEY directors performance awards aren't linked to the share price performance.
iIhave pointed out several times that directors have to comply with FCA rules regarding share purchases,
No one is expecting them to break the rules, but to buy shares when they are allowed.
https://www.thearmchairtrader.com/director-dealings-important-role-stock-picking/
Any criticism i have made Centamin aware of, so has Cowichan come to that.
Just like Cowichan I am more than happy to be proven wrong, but its up to the company to improve and deliver more than just promises, the market is also waiting to be convinced!
https://tinyurl.com/k56r8m3y
Thanks Paul
The Maxwell innings was magic. It would be hard enough to do that when you are 100% fit but with his raft of ailments, just incredible...last 70 runs scored on one leg?!
Match highlights (and it was a great game of cricket)
https://www.youtube.com/watch?v=31pI72xop4k
And the after match interview with Maxwell, worth listening to
https://www.youtube.com/watch?v=fqX9Pl0HiXk
Its a pity the Israelis and Palestinians cant solve their differences on the cricket field
best
the Gnome
In the words of Mr Lydon
"I could be wrong, I could be right
I could be black, I could be white
I could be right, I could be wrong
I could be white, I could be black
Your time has come your second skin
The cost so high the gain so low
Walk through the valley
The written word is a lie"
Well, he was right about Saville.
Cowchain and his sidekick Tibbs don’t listen to info from Cey- part of their remuneration is linked.
Also, directors cannot buy share when they are in possession of privileged, price sensitive info.
Not saying this is definitely the case at this present time, but not known if not either.
All this pair do is diss the company- I suspect Cowchain is bitter having lost so much in this company- he needs to let go.
Cowichan is losing Cred, and face, so getting desperate, though gone far too far ,similar to Tibbles ,his Parrot.
:- ( ,shame on both, ,HA Ha Ha.
Sorry that you're sick , Paul
the reality is there are far more sinister items to post regarding the situation on the ground at Sukari
for example, somebody asked about a 'strike' during the online Investor Forum and Mr Horgan was flummoxed - asking Ross if he'd heard anything about a strike - both denying it
that may be - yet, many Sukari employees on LinkedIn (and by many I mean several dozen +) are outspoken (and maybe rightly so!) about not wanting to support 'Western' companies during this time (read P@listine bomb'ing ) and vowing to boycott US , UK and so forth owned companies - think silent quitting on steroids (google it IYDK)
I know you're sick at the moment, Paul, but can you stomach how this could be a concern for Sukari operations ?
And as for skin in the game - professional analysts , who provide the 'buy' 'hold' 'outperform' ratings - very, very rarely have skin in the game for any of their recommendations - yet , you (or maybe not you, Paul) gladly lap up their glowing reports like a thirsty kitten , meow - meow
Ok we all have our opinions and hopes about this share and most of us have some "skin in the game" and wish some more of the Centamin board did too. However I'm getting pretty sick of someone who does not have any "skin in the game" finding and posting up any negative thing they can find about the share and Egypt. It is such a pity that they were not digging so deeply in the past and giving the warnings about the last lot and the high grading etc.
While I'm on a rant. What is with all the recent Re. Re. Re. posts , rather than actual threads??? It makes things difficult to follow.
To our Aussie contingent. Well done in the cricket and can you spare some of that Glenn Maxwell magic for Centamin?
I still think you were really lucky to retain the Ashes-------and deep down you all know that!
Pity you dont understand what Brics membership will mean.