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Paul and all.
Get your questions in for the 30th oct.
If enough people mail in, surely the key questions can’t be avoided.
But people must email in.
Ok---most of us LTH are cheesed off and thinking that we should have cashed in when we were 220 and Sotolo ( who's views are back of a f-g packet calculations are interesting) was predicting £3 before long. But we have hindsight.
We never know if what we are being told is true. We were being told a pack of lies when the share was up to 220 and the previous lot were high grading, which looks like it was for their benefit .
If Martin Horgan is pulling the wool over our eyes, then he is going to a great deal of trouble to do it. He made a decision to do the waste clearance and to allow more access to the mine. Then there is the solar and the new trucks. If he was getting a kick back from all of this (I am not accusing him) would it be worth the effort?
Ok--there was a problem and they missed Q3 targets , but they reported it before the Q3 figures officially came out. It's not like the last lot predicting 600 OZs for the year and then suddenly announcing at the last minute there was a problem with some machinery.
Dasut and Kees Dekker thought waste clearance was the way to go---and that is what is being done.
The big IF is can they meet and exceed targets from now on and can they reduce costs to increase profit?
With the recent rise in POG (which I think Sotolo says is geared 3 to 1 with costs?) then that could give a bit of leeway. If they meet targets and gold remains high, they things should look a lot better.
I haven't a clue about Doropo. If they make a decision next summer, then they will either go for it if they think it is a goer or they will get rid of it and stop spending money on it.
I still think there are trust issues with the market and Centamin-------but if we get a couple of good things or meet or exceed targets, that could come back.
I still think Martin Horgan will always underplay targets ------because if you exceed them you are doing well and if you don't , its still looks good for you.
Please can somebody else give us something a bit positive?
Well Tibbs you are sounding like me getting depressed with all this, are the golden flip flops ever going to come! It seems not. Not sure myself to call it a day on this but it is hard to sell after all this time, I must admit optamisum is getting very low now. Any lift seems to be short lived and nothing seems to make any difference and confidence is rapidly disappearing. Decisions decisions. Hope all are keeping well, that after all is the main thing.
For example, I’m different to you, I couldn’t just hold a stock that keeps losing where I don’t trust the management and am always attacking- it would be a complete waste of my time … I’d have sold out and moved on years ago …
I work within what ever system exists when I cannot change the system- there’s good and bad in all systems - people drive systems so will always be the case, as people will always be good and bad.
The world being in a deeper mess is a matter of perspective and beliefs - if far be living today than in the past, heck only 80th years ago millions died in a world war, average death age was massively younger and so , people often forget this
Life always changes, systems always change, it will never stop.
It may well do Steve, but unfortunately that won't sort out the ever deeper mess our world is sinking into.
Nobody gives a flying fart about the US debt problems because like it or not the dollar is king and they are all still willing to buy yet more trillions of US debt as long as it keeps paying ever rising interest rates in lovely dollars, backed by nothing more than a promise to pay in yet more lovely unbacked dollars !
Now there is a risk of escalated war in Ukraine and the middle easy the US congress and senate is hardly likely to refuse lifting the debt ceiling and who cares a flying fart anyway when the FED printing presses can just carrying on churning out the Greenback and the Comex trading desks can carry on selling paper gold!
Centamin is well and truly buggered just like the worlds monetary and trading systems ,but who gives a tying fart anyway, certainly nor the BOD!
I no longer believe that Centamin is being entirely honest with share holders because if the BOD really cared or even believed in their policies and strategy then they would demonstrate it by each of them buying a meaningful amount of shares, but I doubt they will when the y know that they can carry on kicking the can down the road promising share holders of good times sometimes who knows when whilst being rewarded with buckets loads free shares for basically doing a less than mediocre job!
In the absence of any evidence to the contrary, excluding the usual meaningless spin from pet corporate brokers I fail to see how Centamin is worth investing in .
Oh and BTC up 85% YTD… just saying …
People are people Mr T and it was ever thus- most of gold has little use other than what people perceive its value to be, the desire for shiny stuff.
Mona Lisa and all art is subjective and yet generates bonkers money. If everyone decided Banksy was crap- his art would be worthless…
Bitcoin is so different- it’s allows payment instantaneously (I can’t buy something with my gold bracelet in a few seconds…
It avoids bonkers fees by the costly banking and fx markets
Long live crypto, it’s here to stay and grow .
It's amazing isn't it here we are in the 21st Century and billions of dollars are being made trading in something that isn't regulated doesn't materially exist or have any intrinsic value backed by nothing but predictions and trading desk spin in the media.
Why bother mining anything, growing anything or developing and building anything it seems that all that needed is trading in something that you cant hold, taste, smell, regulate with no use other than being a trading token!
Peter Schiff on bitcoin in 2017- he would have made over 700% had he not been a such a bear- but hey Ho lol
https://www.coindesk.com/markets/2017/08/17/bitcoin-bear-peter-schiff-doubles-down-even-at-4000-its-still-a-bubble/?outputType=amp
Lol- bears overall across the markets are grumpy- why? Because the bulls have by a country mile.
Sure the bears can be right stock to stock, but overall bears have been battered horrendously over past 40years
"There is a precedent of sorts for Cairo winning favors as a regional war raged.
Egypt secured forgiveness of half its $20.2 billion debt owed to the US and allies in 1991 — one of the most generous incidences of debt relief creditor nations have granted — in exchange for support for the anti-Iraq coalition during the Gulf war."
"The US wanted to reward Egypt’s President Hosni Mubarak for his pivotal role in lining up Arab nations against Saddam Hussein and to reimburse Egypt for heavy financial losses in the war. Egypt also sent armed forces to participate."
"Replicating that scenario would be difficult though. Back then there was general consensus that since Kuwait had been invaded, it needed to be supported, and while Egypt’s participation “was not met with any great joy in military circles, it was not a particularly hard sell and the debt relief was an immense added incentive,” according to the Middle East Institute’s Mabrouk"
https://fortune.com/2023/10/22/will-egypt-take-palestinian-refugees-from-gaza-israel-hamas-war/
------------------------------------->>>>
Too often in life picking sides, showing compassion, spreading hate - comes down to $$$ and not principles or religious convictions, as the case may be
CEO Horgan and his trusty investor relations team will let you know if anything of relevance happens in Egypt. Now sit back and enjoy Centamin's Rugby Update --->>>
@CentaminPlc
7h
#CEY has been a sponsor of the Alexandria #Rugby Club since 2003. This #diverse club plays an important role in the increasing popularity of the sport in #Egypt.
Congratulations and we hope to see Egypt in the World Cup before long! 👏😀🇪🇬🏉
#Community #Sport #Inclusion
https://twitter.com/CentaminPlc/status/1716376348879401109
🏉🏆 With the #Rugby World Cup final this weekend, we want to appreciate the grassroots rugby clubs that raise the profile of the sport and enable people to come together as a team to play and develop their skills. 💪
Centamin PLC has been a founding partner of the Alexandria Rugby Club in #Egypt since 2003, and remains a proud sponsor today.
This club of #male and #female players and staff has grown from strength to strength, playing an important role in the increasing popularity of the sport in Egypt.
Keep up the good work and we hope to see Egypt in the World Cup before long! 🙂🇪🇬🏉
#Community #Inclusion #CEY
https://www.linkedin.com/posts/centamin-egypt-pharaoh-gold-mines_rugby-egypt-male-activity-7122142086060986368-qgx5
Bears are always right - in the end.
Re what will it take ?
1) Q4 delivery on guidance with strong production and revenue.
2) A more peaceful world.
3) More doveish central bank rate policies.
4) No global recession.
5) No G7 debt trap doom loop.
Not much to ask is it?
Schiff not Schaffer lol
As always- choose who you listen too wisely , make your own decisions then you only have yourself to pat on the back or criticise
Every time markets and geopolitics gets spicey, everyone wants your clicks to make their money-
Schiff certainly not spot on-
This time last year he said
“ This was not the first time that Schiff has voiced his concerns about the U.S. economy. At the end of last year, he said that inflation was about to get much worse, and the U.S. dollar will face one of its worst years ever. In October last year, he said the dollar will crash and the U.S. is going to default on its debt. He also predicted that the Federal Reserve’s action could lead to market crashes, a massive financial crisis, and a severe recession.”
Schaffer said recession worse than 2008 would happen in Jul 2022 and we’re still waiting
schiffGold…. Hmmm what possible reason could he have for dissing equities lol
Last sentence should read
“… and anyone who has invested over the past 30years has massive outstripped the doomsayers - even though were correct in 2008”
If I believed this I’d dump all my investments now and cash hold
Tony- if you believe it- I suggest you do just this.
If rates go up again this will only be because of inflation - so your money cash will be worth less also
Crypto anyone ?
I’ve downloaded this and look forward to measuring this over the next 12months - the reason no one listens is cos the doomsayers keep on and on and on predicting when in reality are very very very rarely correct and anyone who has invested Uber there past 30years has massive outstripped the doomsayers - even thought were correct in 2008
Also worthy of a mention is our cash exposure to risk.
With no dividend of any significance my money is lying naked to whatever happens with Centamin of Egyptian politics or any order of the day that the market deems is negative for the share price.
Some lazy ass can buy Centamin today for 79p having not endured the two years risk (& counting) I’ve ran.
Screw it if someone in the Egyptian government decides to back Russia tomorrow I dread to think!
It’s no laugh this carryon!
Mrtibbles, ye should all take a flutter in GCAT Caracal Gold which went over 20% today !!
Https://www.zerohedge.com/markets/peter-schiff-most-obvious-financial-crisis-nobody-sees-coming
Spot on zero hedge with Peter Schiff. A case of holding on and join nearly everybody else State side and take cash out of the banks.
Yep like I said, yield, topped 5% earlier
For fun try plotting Centamin against Bank of America shares as they have followed the same pattern for 3 months. The share performance is nothing to do with Egypt or Centamin or what gold is doing. It has a lot to do with increasing long term Treasury bond rates. At some point the USA economy breaks and the Biden administration pretence is revealed for what it is. Banks are seeing 85% of the money in saving accounts withdrawn in 3 years or around $5.2 trillion dollars and are now at extreme lows with around $800M left State side unless the FED print money on the side-lines to maintain bank solvencies. The USA has forgotten how to save for anything and generate growth and a recession is rolling down the hill. 67% of the USA consumer economic engine is begin to stall like a plane engine at a great height. On Bloomberg they pretend all the jobs data is real and the collapse underway in the USA housing sector is just temporary as higher wages will save the day. I am amazed they can say it with a straight face especially when they deny all the loan non-payments and delinquencies rising through the roof. Time to check out zero hedge.
Agree Razor - Absolutely - No matter how you try to dress it up, it was a failure to meet forecast and the market usually takes a dim view - Also agree, a surprise on the upside is usually well accepted and supported. - When was the last time CEY did that?