Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If that is indeed a reply authorized by Centamin management then:
1) if it's a go - it's a go
2) if it's a no - no time left to sell to a 3rd party
that means walking away- with many many millions of shareholder's $$ lost exploration expenses & gold reserves - just like Batie West
this is an unacceptable gamble with shareholder funds - proving yet again Horgan is unqualified, irresponsible and arrogant - unfit to be CEO
Cowichan,
If you can find a decent CEO let us all know. So many company CEOs are arrogant shyster used car salesperson types that I wonder if any integrity exists out there any more. I totally understand why people are giving up on equity investing. The low standard in politics and so many walks of life that the idea of someone resigning for incompetence is instead rewarded with promotion or a huge good bye bonus with generous pension plans attached. Tony
Absolutely agree Cowichan and Tornado,
Martin Horgan may have organised the waste clearance at Sukari, but then whoever was the CEO would have had to have done the same that is if they wished to make Sukari safe!
Batie West was a just a chaotic can kicking down the road chucking of many millions of dollars down the lavatory pan, money that could have been returned to shareholders and as yet it seems that Doropo will be yet another money pit venture!
Shareholders should ponder on why have Centamin's iR relations and FTI PR agency been told to field investors questions that may be awkward over to the paid for corporate analysts who are obviously going to dance to the tune of pied piper Horgan?
Martin Horgan's dumping of long standing and knowledgable Buchanon PR in favour of his mate Ben at FTI PR was likely because Buchanon were simply tot only more knowledgable of the Centamin operation and Eygptian situation, but more importantly more willing to answer shareholders questions honestly and in a timely manner.
From inside rumours it seems that Centamin investor relations are operating under a regime of corporate censorship and formerly helpful contractors who were willing to be helpful and answer questions on their aspects of expertise have been leaned on to put a zip in it!
Why have retail shareholders now been directed to one sided "Investor Meet" webinars rather than just ringing in on the day during the market webinar question and answers sessions, it's likely because any pertinent questions that are too deemed award to embarrassing to answer on the spot are simply be filtered out into the trash !
I wonder if Mr Henderson will possibly be willing to comment on any of this?
Sorry I don't understand I asked a couple of questions and got the answers that I was pretty much expecting.
One of the questions related to Cowichan's concerns relating to the licence expiring mid 2024.
It is a normal course of events that an exploration licence is followed by an application for a mining licence if the property is deemed as viable.
As far as I am concerned I am reassured that Doropo is moving in the right direction.
So what is it you want to hear?
As usual, all this detail company shenanigans or not does &&&& all to the SP- follow the data points- CPI later.
Tibbs, When I ask a question of Centamin I actually say can they have someone involved respond. Where do you think the IR department or the PR agency get the answers, hopefully from people who are actually involved and know what is going on?
I would retract my comment as this stuff is of use to long term holders who don't trade frequently.
Of course, it's up to those long term holders on who and what they believe based on the their view of the credibility of the source. As you now, I trade this one, and don't hold long time as way too high risk for me.
And yes, I do hold crypto, as I've stated for years for the reasons I've already posted.
GLA.
Hi Dazut,
Considering the unrest and insurgency in the region I wonder Doropo will end up being a wise investment, I did hear that the initial grades weren't anything spacial, but hopefully they will improve.
How many of these analysts are actually involved Ion the shop floor or how often have they visited these operations, they are reliant on what they are told and to be frank the analysts have a past track record of being hopelessly wrong more times than right.
But lets see this time I hope that its my doubts which are proven unfounded!
Tibbs
Tibbs Sorry but the question and answer isn't a technical bit of rocket science it is very basic will you run out of time because the licence expires mid 2024 yet results of study not likely until same date. This is what Cowichan was concerned about. The answer as I have said is what I expected because it is my experience that this is how the process works.
I asked about time lines and this when he threw in the extra snippet of information, which is again what I have experienced on many of the mines that I have worked with.
Is there any more unrest in Ivory Coast sorry Cote D'Ivoire than other parts of the world? I worked in and travelled regularly to West Africa all of my career and yes had some hairy moments but there are as many opportunities as there are problems.
Look at the mining companies working in West Africa and you will see that it isn't a no go area far from it.
As I have said before West Africa has people with considerable mining experience and feel comfortable with this being an area that Centamin are invested in.
Grades are OK because the strip ratio sounds to be acceptable and the pay back is said to be remarkably quick so I am looking forward to the mid year study details.
steve all accurate information is useful and extremely important to all types of investors. centamin ****ed up and the share price fell through the floor this had nothing whatsoever to do with the gold price and the external data.
This is why I now only trade it- I’ve posted several times I took a hit on the wall issue and adjusted my strategy then and have very successfully traded it since on the economic marker strategy.
NO ONE on this forum predicted it and were wise after the event.
Which proves no one here, bar mhenderson, has provided any useful to date on these things.
I adjusted a trading strategy as I learn.
Agree that No one predicted the impact on the SP of the wall movement because it wasn't only the wall movement. The wall issue shouldn't have been a major issue as this is something that happens when moving earth and rock.
The major problem was that they had nowhere else to go while they sorted out the unstable area. At the end of that same year they made the financial target.
Problem was and still is the cost of changing the mine plan to bring about the required flexibility.
Good luck Steve long may you continue to make your plans work.
Thanks DASUT- and to you too- we are all here to make money (well most of us are!).
Very good comment Steve. ;-)