Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Hi Mr Bond,
I am absolutely certain that Buchanan and Centamin were fully aware of the decision within a few minutes of Siko's message and that both were as delighted as we shareholders!
This is a fantastic endorsement of the integrity and credibility of Centamin and the strength of it's Egyptian working partnership!
Thanks Siko!
The response from Horgan will be the real catalyst for SP movement. If I was Horgan, I would have tempered my investment plans on the 160km2 permit. Now with all lights green, what is the new plan? I am all ears and eyes. Is this breakout time?
the gnome
Thank you, Siko. I really appreciate your inputs.
Likewise Razors Edge, to yourself and all.
Hello MrBond46, I doubt if the court ruling will have any effect but comments by Centamin or from the media I think would definitely get a share price reaction.
This coming week is “our turn to burn”.
I wish you and all of us good luck.
Buchanon I am sure check us out.
Thanks Razors, be interesting to see if it affects the SP.
Centamin are aware that the Centamin following on LSE know about Saturday’s ruling.
Thanks for your efforts Siko……….I tried the translator page but had no real success.
Good job you posted for us all to read.
Siko, good morning and thank you for the news.
You are a great asset to this board keep up the good work.
We just need some good results for q4 now
I heard from a contact today that Centamin will be providing an official update to the market and shareholders in due course.
Tibbs
It is great news to finally get the court case cancellated.
Although there always was a general misconception about what area was was being disputed, see my original post of an official Centamin response from 26 Sept 2013
The 3km is a complete red herring.
The proof of license submitted by CEY at the end of last year is for the whole 160km.
This has been acknowledged by the admin court and all of the judges in the supreme court - if this was not so Cey would not have been able to have continued mining, which does as we speak. There is a lot of noise around what the arguments are about, almost all of them wildly inaccurate, this being probably the most farcical of them all.
Cey has and continues to adhere to all of the conditions set in the original rule of law when they were granted the license. If they have transgressed this they would have been shut down a long time ago, let alone having spent close to $1bn on building Sukari.
Tibbs
CENTAMIN PLC - Q4 2022 - Investor Presentation - 19th Jan 2023 at 1:00pm GMT
https://www.investormeetcompany.com/investor/meeting/q4-2022-investor-presentation
Q&A
You can pre-submit questions directly to the company up until the day before the meeting, in addition to asking questions during the live presentation. Whilst the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market.
Question 1:
Has the Doropo PFS been delayed because the exploration permits have expired? If so, when were the requests to renew permits made?
Question 2:
Has Centamin's board reversed its policy on gold sales hedging/forward contracts in order to secure new bank funding? What are the reason(s) for the Capital Structure Review delay?
Question 3:
When will Centamin shareholders also have access to the 2022 Sukari airborne survey, the 2019 Sukari seismic survey & the deep Sukari 'step-out' drilling results of 2019/2020 ?
Question 4:
Given the Burkina Faso Ministry of Mines is still referring to Centamin's ownership of the Konkera concessions/gold deposit as recently as Jan 12th, 2023 in a public press release (see https://twitter.com/NamazeDany/status/1613854410139963394 ) why has Centamin indicated it no longer retains possession? Subsequently, Centamin has a fiduciary duty to extract whatever economic benefit there remains for its shareholders - whether by divestiture, joint-development or a royalty agreement upon 3rd party exploitation.
-------------------------->>>
These are my submissions, hoping they can answer or respond with exactly why they cannot.
Thank you Siko.
Thanks Siko, it is a dream come true.
Now let's see what Martin Horgan will do to develop the 160km2.
What is really Amazing ,is one bent Politician could inflict so many problems and no justice for all theses years.
Hence Law 32 finally.
Thank you Siko.
Thanks Siko.
Amazing - Timing wise that was divine intervention. - The 'Gods' smiled on you that day. - Good luck.
Yes Rebess ,I remember very well.
If my memory is correct it was a Monday.
I had put an order to buy a subsntial amount ,the night before,but couldnt understand the huge amount of shares I received,then I noticed the SP.
The following day after a little sweating the price started back upwards sfter the total cessation of activities was lifted.
But it turned out in time very beneficial.
Onwards and upwards now with just the fuel subsidy to finally sort out.But no big deal in that.
Yes I agree Rebess, very interesting lecture which explains a lot of the anomalies in the Egyptian system, but it also demonstrates the many advantages that Centamin has through being an already an established mining business.
Thanks for the link.
I've not seen any of Patrick Boyle's presentations before. - I like his matter-of-fact style.
Siko many thanks as far as I am concerned this is excellent news and it will be interesting to see how this effects Centamin's place in the market.
It will also be interesting to hear what Martin Horgan has to say about this very important development.
Hopefully this will also see much needed investors into Egypt, better late than never.
I hope the terms and conditions for the new licences will now get sorted out quite quickly.
Thanks Siko - Wow!
For Centamin long-termers, this will be remembered in the context of where they were when the news broke. :)
Echoing Tibbs and thanking you for your input over the years. - Many thanks.
Hi Siiko,
Excellent news at long last!
Thank you so much for all your efforts on our behalf!
Keep Well!
Tibbs
The Supreme Constitutional Court has ruled Law 32 is constitutional..
The SCC decisions are final. There are no appeals against them as it's the highest court in Egypt.
This means that this is the end of Centamin court case which was filed by Alfakhrany. The case and any previous initial rulings get cancelled.
I guess we should expect an announcement or a clarification from Centamin regarding this so that the whole market knows officially about it.
Details about the SCC decision today are in these links:
https://www.shorouknews.com/news/view.aspx?cdate=14012023&id=3a9d162e-d8f2-4943-99ac-b2f3d56be4c9
https://www.vetogate.com/4789302
Sikol