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Strange share is this one regarding low S.P. as over £2.00 fairly recently and now look at the price given the price of gold. Not sure why this isn`t moving but have bought back in again as it is worth more than £1.00 on current values. Anybody know why this is at such a low price ?
Fair comment's Candid,
I once worked under a factory production superintendent (Lou)and sometimes on our Monday mornings reviews of the previous weeks output Lou would question certain operatives worth,( Lou kept racing pigeons)
In short if a racing pigeon isn't worth it's corn you give it another chance, if it does'nt improve you wring it's neck!
I think Lou's philosophy should apply to company directors!
Also politicians!
Hi Candid,
To be fair to Mr Bond and explain to you over the years especially when the share price is shall I say rather depressed and especially during times of attempted hostile take over's or ridiculously low broker ratings this forum has suffered from new members popping up who are suspect in their intentions , i.e.working to an agenda to discredit Cenatmin and unnerve any waiving share holders.
I fully appreciate that your trading method is not geared towards long term investment, but to buy in to a stock when the fundamentals suggest it is undervalued when the available data and market conditions suggest the strong likely hood of a sharp rise to your decided exit level.
This is possibly why you may be regarded with some suspicion by some long term holders and can only suggest to try be more sympathetic or understanding of their investment strategy.
Mr Bond is a long term holder who has always been supportive of fellow forum members and fellow share holders and is held in high regard by the majority, in short a very decent chap!
I agree with you Mr Bond they should .
Regarding the mechanics of how this might take place in practice , in a country which is 1053rd out of 1085 most difficult countries to do business with ( I think Mr T reported) ..well a route might be as follows
Yes , working in a country such as this, obviously has its hazards , but it also presents opportunities ..
Influence can be bought ..some people refer to it as behind closed doors acts of diplomacy
if they can't secure that influence , or achieve the same outcome in an alternative way, then they shouldn't be operating out there .
Warm words of comfort are cheap ..as shareholders we want results , how they achieve that is down to them .
They are paid big bucks..they need to earn it .
1823 then 1835.
I can see CeY closing 1pound this week.
Why should I answer a hyperthetic question.
The CEO/BOD will act with far more knowlege than others.
They have to answer to Shareholders big and small ,that is their job.
Wobbly no, just buying them back cheaper than they sold..
blackrock have a wobbly?
Shares on the major stock market indices in Europe were flat to higher in the premarket on Monday, after virus concerns intensified in the bloc. Data compiled by Germany's Robert Koch Institute (RKI) showed that the seven-day COVID-19 incidence rate in the country reached its highest level since the start of the pandemic, as investors prepared for the results of the European Union Sentix Investor Confidence Survey to be released later in the day. Meanwhile, the United Kingdom reported having administered 10 million COVID-19 booster shots and third doses, as the country revealed plans to roll out Merck's COVID-19 drug molnupiravir by the end of the month.
The DAX remained flat and London's FTSE 100 increased by 0.14% at 7:26 am CET. The CAC 40 grew 0.11% a minute later.
The euro and the pound stood flat against the dollar at 7:18 am CET, selling for 1.15680 and 1.34900, respectively.
Breaking the News / TT
Fair comments Mr Bond, it would be ideal if we could get all/something back, although developing the mine to have it snatched by some militant group or corrupt regime so to lose even more doesn't sound an appealing or sensible option.
Assuming there is a willingness then what could be negotiated with whom and with what assurances?
I agree with Cowichan on the strategic spent $36 million exploring and developing it to its current potential and the estimated Net Present value (NPV) of $282 million at consensus gold prices is a very considerable sum and should/will I hope be taken very seriously by the present management.
Also negotiation if at all possible to recoup some/all of this would be preferable to a legal challenge.
Agreed Razor's!
That is the general general opinion amongst the UK/EU wholesale precious metals dealers, Swiss refiners already have lengthening back orders times in excess of six weeks, the big banks trading desks are now trying to unwind their short positions on the Comex and many central banks (not UK)are accumulating bullion.
Opinion is divided on how much of this is a result of Basel 3 or the worsening economies and ever increasing debt of major governments, supply chain issues, increasing wholesale energy/ commodity prices, resurgence and ongoing pandemic, so probably a combination of all of these issues and others!
Mr Bond ...
I was not suggesting that EMRA own 50 % of Centamin ..only that they share 50 % of the profits , and that they would be taking a 50 % hit on the $ 36 million already spent on the Batie West project .
Actually , on this point you are right. .they won't ..any hit will be borne solely by Centamin, as the expenditure is not related to Sukari , (which comes under the ring fenced profit share concession agreement).
This only adds weight though against the ' do nothing ' option . The interim accounts stated that they had established a development team to look at potential partners or a buyer. The results of this review have not been published..so we are in the dark as to what the outcome of that review is
My question to you was a simple one ...do you want to walk away from a $ 287 million positive NPV project empty handed ?
Yes or No ?
To put this into perspective ..this amount is the equivalent of approaching 3 years worth of CEY annual profits ..
Let me repeat myself . Yes or No ....a simple question. Just requires a one word answer .
Conspiracy theories relate to me being a paid troll . FFS!!
But at least you have been entertaining.
Not much on TV here .
I did not name another . Nor have I been personal
I think you Petulant , and now aggressive.
It is for you to calm down.
What qustions have you asked ?
It is you that cannot accept question, and make statements lile EMRA own 50% of Centamin.
Take a look a yor previous poxrs..
You go to bed .
I do as I see fit.
If your final sentence is read by others it will seem strange.
What conspiricy theory was that ?
You are the one not likeing questions.
Mmm...degenerating into personal remarks again . That's very disappointing .
For the record I didn't even know who Cowichan was, until Mr T politely informed me.
I respect your knowledge Mr B but I find your behaviour a tad petulant when challenged. Sadly every chat board has someone like you on it ..good idea to go to bed.. when you get up tomorrow , I suggest you put your big boy underpants on , and please , no more conspiracy theories...
Not very convicing.
You fail to answer questions and have not done much homework, naughty child ,:-)
Are you a Troll?
I have come accoustomed to paid Trolls in the past.
You seem to talk for our Canadian friend and agree , you from your start pretend to know so much .
End of conversation.
Good night all.
I hear you Mr B and there is merit in what you say ..
Sorry I didn't express myself properly with regard to another party... The message I wanted to convey was ..
" Why would another party want it ? ..because there is an NPV of £282 million available (at consensus gold prices, ) with much preparatory work already done .. that is why another party would be interested .
There is a distinction to be made between Centamin not wanting to allocate it's scarce resources on an asset capable of delivering an NPV of £282 million , when it can allocate them more productively elsewhere ..to them voluntarily handing that asset back for nil value .. That was my point
I recognise and accept that you see things differently , but I am with Cowichan on this one.
Who wants it?
"None of us really knows
the situation that exist's".
The current CEO/BOD do unless you are considering them incompetent.
EMRA have nothing to do with Centamin outside Egypt.
By my calculations Gold will be $ 2,700 an ounce this time next year . I have a feeling in my bones that I will be right about this one.
If it has so many flaws , why does another party want it?
It doesn't matter which CEO was involved , it has a commercial value , to them at least ..
Don't give it up ..not without a fight at least. It doesn't have to be a legal matter , it could be behind closed doors acts of diplomacy. None of us really know the situation that exists. If I did, I night agree with you , but there is also a point of principle here.
I would like to know what the Egyptian Government's view is of this ..after all , they have a 50 % stake .
The CEO\BOD have made the right move,
Get rid, walk away. I's history by a previous CEO an incompetent liar.
Why renew a licence for an asset with many flaws.
You win some you lose.
Forget it.
Hi Monkey. I got in at 92p but don’t listen to me , I am always wrong
Cowichan is right though. This is still a strategic asset of Centamin, and we have spent $36 million exploring and developing it to its current potential .
Calculations show that it has a Net Present value (NPV) of $282 million at consensus gold prices. This is a considerable sum ..
It must NOT be surrendered for free, without putting up any fight , otherwise what would be to stop them from grabbing our other assets .
We must get something back in return, whether this be by monetary compensation, or by the granting of additional exploration licences.
As Gnome says , let's see what happens .