Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Under 90p possible now.
Gold has gapped down in the charts. Centamin share price has 21p as cash in the bank. It was already priced at a level of around $1710 on the gold price. In fact most gold miners have moved down sharply already.
Least it's gained some ground now
Equities in Europe traded lower in the premarket on Monday ahead of Germany's newest report on the trade balance and the European Union's one on investor confidence. Meanwhile, several countries in the south of the continent, particularly Greece, faced wildfires, which devastated nature, affected the economy, and forced thousands of people to evacuate.
The DAX lost 0.19% at 8:00 am CET. At the same time, the FTSE 100 fell by 0.26%. A minute later, the CAC 40 declined by 0.32%.
Both the euro and the pound sterling stood flat against the dollar at 7:59 am CET, selling for $1.17584 and $1.38676, respectively.
Breaking the News / JR
It continues to fall and now under its support level,so not looking good
The analyst who predicted a share price of 85p might not be far off in the coming weeks
Cowichan
Dont they need to do exploration wok first on any new concessions,why would they need a pipeline at this stage
Article says it is set to open this month (August) in Marsa Alam which is basically just down the road from Sukari.
Given the new concessions and exploration work now going on in Egypt, Capital will have loads to keep them busy...
https://australiaspaydirt.partica.online/australiaspaydirt/pd296-august21-mag-web/flipbook/38/
Thanks Cowichan
I 100% support your quest for answers on Batie, and the West African Strategy.
I fully understand that the concept of strategy may have been missed by Pardy (he is with Tanga Resources as Chairman, so perhaps consider marking this as an "avoid" stock) but it is not with Horgan. All ears!
best
the gnome
One interesting note listed in the job description under skills:
- Construction
- Dredging
Dredging is interesting because Qusayr (El Qoseir) is a town right on the Red Sea about 140 km north of Marsa Alam (or a couple hours north of the Sukari open pit mine )
Any new Egyptian mining concessions granted in that area would need their own water source from the Red Sea - dredging might come into play as the pipes are laid
https://wuzzuf.net/jobs/p/2ZyfYTZ8cmdV-Safety-Superintendent-Sukari-Gold-Mines-Red-Sea-Egypt?l=cpp&t=cpj&a=Sukari%20Gold%20Mines&o=1
Oh nothing to do with Centamin or political agendas ,but its about not forgetting the really important things in life, and the need to care about all the other less fortunate creatures we share the planet with, who desire simple things like a drink of water, some decent food, a clean place to sleep, some fresh air and a little kindness before they are killed..
I don't know how long you have been a Centamin share holder, or how long you have been a member of this forum , but its a long time tradition that we discuss all manner of things at week ends or during quiet and difficult time's.
Diverting ones mind onto something else can often help avoiding making hasty decisions that are later regretted.
Don't worry about Mark, he hasn't contributed anything apart from sarcasm for all the time he has been a member, but it matters not a jot as long as it keeps him amused.
#3. Centamin: a more risk-averse choice
I think there is always a case for buying gold stocks, which can offer a safe haven in extreme situations. And Centamin is a healthy FTSE 250 gold mining stock, that offers a good proxy in my view, to holding actual gold. It also has a good dividend yield of 5%.
Moreover, its share price is widely expected to rise over the next year. There are some concerns regarding its financials, but in my view the odds are more in its favour than not.
https://fintechzoom.com/fintech_news_ftse-stock-market/dividend-stocks-3-best-shares-to-buy/
Hi darren. - No. - Just the Burkino Faso holdings.
So you think the company is for sale?
I really appreciate your support. We all deserve total honesty on the Burkina Faso file especially now that management have very publicly hung up the 'for sale' sign.
Hi Cowichan, you had already kindly sent me a copy of your communication to Centamin Investor Relations , your thoroughness in making clear the as yet still outstanding unanswered questions is indeed to be applauded , I absolutely agree with everything Rebess has said already!
The long overdue, previously promised, yet still outstanding West African Asserts information that you have repeatedly requested is essential, as without the answers to your questions there is no point whatsoever in trying to calculate the future performance, or indeed share puce of Centamin!
You perseverance has paved the way and made it easier for other share holders to support you by now contacting Centamin Investor Relations, if they really care about the future value of their investment in Centamin that is!
Those that can't be bothered really have no cause to complain in the future !
Once again, well done Cowichan, all other share holders should be grateful for all the effort you hare put in on this !
Thank you Cowichan
Your message outlines very well the dereliction on the part of Centamin in exercising their duty of care to shareholders in respect of accounting for the way their funds have been used. -" Does not meet the criteria for development". - What criteria is that? - If we knew what that was, allied to published information, we might be able to make sense of it. Instead, all we have to go on is a meaningless statement that it does not meet an unknown criteria. - So very Centamin if I may say so and a few more million dollars written-off without any accountability.. Time to come clean Centamin and time to start to play the game with your shareholders. If MH is the man that people seem to think he is, he should provide answers to the important/concerning questions raised by Cowichan. As for Cowichan himself, he has ploughed a lonely furrow on this one and in doing so, has succeeded in raising the profile of these serious questions outside of the Centamin boardroom. Others are now watching. - The response should be interesting - very interesting. - As for myself, I should like to offer my sincere thanks to Cowichan for the effort he has put in on all our behalf. - Many thanks. - Let's support him if we can.
Hi Alex,
Thank you for giving me the opportunity to speak with Mr Horgan. A number of us long term Centamin investors who keep in touch regularly can see the positive difference Mr Horgan has brought to the company and we do hope it continues. Respectfully I will forgo the telephone hookup as I know Mr Horgan has better uses for his time. That said, the main concern I still hope to have addressed - not just for myself but for every long term shareholder - is in regards to the divestment of the Burkina Faso assets. I understand the message to shareholders has been Batie West does not currently meet the criteria for development by Centamin however that determination leaves many unanswered questions. I will list several:
1) The original plan as outlined by Centamin's board since purchasing the Burkina Faso assets from Ampella was to develop a corridor that stretched from considerably north of the Batie West/Konkera deposit southward into Cote D'Ivoire - encompassing Doropo and beyond. Since Doropo is a continuation of this corridor it has yet to be articulated how divesting Batie West and the surrounding concessions fits into the larger and longer term vision. Indeed, divesting a central component of this corridor which has been extensively explored seems illogical to put it mildly.
2) Endeavour mining has been 'keen' to acquire the Batie West deposit and surrounding concessions to the point of shall we say 'corporate intrigue' The CEO of Endeavour Mr Montessus has a history of opportunistic acquisitions and perhaps a neglect for following laws
3) Hundreds of thousands of meters of drilling have been collected and catalogued on the concessions outside of the Batie West deposit. These include the Napelepera & Wadaradoo deposits which shareholders have been waiting years to see a maiden resource published. That has never happened. It would be a derelict of disclosure obligations for the Burkina Faso assets to be divested without first apprising shareholders and the market of the real resource the collective Burkina Faso concessions contain.
Providing answers to these longstanding questions is in the best interest of all parties - shareholders and management alike. I hope Mr Martin can answer them before any decision is made to divest.
Respectfully,
------------------------------>>>
I am posting this in hopes other investors will also message Centamin investor relations before Batie West ends up in the hands of Endeavour. Getting a satisfactory response from Mr Horgan will be my litmus test of our new CEO . Of course it could be, as others have suggested, a conspiracy on the part of our BODs - some persons in the pocket of Endeavour getting paid off to keep a maiden resource buried. Either way their are journalists and market regulators now involved. I hope it doesn't end badly for Mr Horgan who inherited this mess.
I think you'll find that Mr T's input on this board is invaluable unlike some posters whose contribution is absolutely zero. Boring ? you say - how ironic
he seems to have a political agenda to grind, such a boring man zzzzzzzzzzzzzzzz
Mr Tibbles , what has your post got to do with Egyptian mined gold ?!
After Brexit buyer beware some UK farmers care little about animal welfare , ignore the codes they promise to abide by so some of the the UK produced farm produce in our shops isn't always all it claims to be!
Following a tip-off from a member of the public, Hillside's Farm Animal Investigators recently visited a Norfolk Pig Farm. The undercover footage shows pigs being kept in an appalling state. There was no straw for the legally requiring dry lying area, leaving the pigs to exist on piles of their own excrement. Additionally, water drinkers were often blocked or empty, leaving the poor pigs seriously neglected.
The farm supplies pigs to Suffolk based company 'C&K Meats', who boast of their 'Passion for provenance and quality' and have been awarded many accreditations including Red Tractor, RSPCA Assured and BRC Grade A.
C&K Meats produced their own promotional video where they say how important animal welfare is to them. Perhaps they should visit some of the farms that supply them with pigs!
Uur footage highlights the difference between what we are told about farm animal welfare, and the grim reality for the animals
https://www.youtube.com/watch?v=nnL5UKZXXLY
www.hillside.org.uk
What does DEFRA or FSA do about such appalling disregard for animal welfare and food hygiene, usually very little as far as I can tell considering how many times situations like this have been exposed over the years!
Hi Cowichan, Fair comments, Endeavour isn't in the same class as Centamin and slimy 'Seb" certainly is'nt in the same class as our new CEO!
Yes, by 1985 scandals were already rife in the COMEX sphere. "It marks the second time in a year that the CFTC has gone after Comex for not enforcing rules against excessive speculation."?
https://www.washingtonpost.com/archive/business/1985/08/28/comex-traders-charged-in-gold-options-scandal/9573f1c7-e301-46f6-98d4-0c89ded74c0c/
Blistering start.
Not a bad weekend read,
"So, if Banks sell contracts with no metal backing, and these contracts are purchased by speculators with no end demand for physical, then what does the trading of these contracts have to do with the actual value of real, physical metal? The answer: NOTHING."
https://www.sprottmoney.com/blog/the-continuing-comex-fraud-craig-hemke-05-112019
Some more interesting facts and figures on the history of gold...some of it recent
https://www.sec.gov/Archives/edgar/data/1222333/000095012309044477/y02266fwp.htm
enjoy your weekend and your dividends...
16 million locked in for the weekend in Oz.
and something really worth celebrating? France wins GOLD ?
"Mr Arnault, who has been chairman of Louis Vuitton since he acquired a 44 per cent stake in the brand conglomerate in the late 1980s, is worth $US196 billion ($265 billion) as of Thursday. That’s slightly more than Jeff Bezos’ net worth of about $US186 billion, according to Forbes." Earnt every cent!
best of luck to us all!
the gnome.
If you are not happy do something about it, that's up to you.
Good luck, good night.