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What I wished was clarification announcement about the news circulating regarding the stopping production in Sukari for more than 10 days due to a technical mistakes in the plant ?
I always suspect down ramping from new identities with just 3 posts or so on LSE when they speculate on such news with no link. It is possible that it was old news seen from years ago.
Yep expect this will turn out to be a regurgitation of 2020 pit wall instability news
Probably when they ran out of diesel ages back.
Speaking of the Fed this just came out on Gold eagle. FED calls the deficit an asset.
https://www.gold-eagle.com/article/lots-red-ink-fed
Hmmmmm, I would have thought if this was true there would have a big whack on the SP already (all the big players would have already exited some positions), plus, don't take this the wrong way mhenderson, but you've only been a contributor on LSE for 4 days... and if not true, I too would like to know the source, and why you only joined LSE 4 days ago.
Where and when was this mysterious RNS ?
Meant to panic no doubt, sounds familiar dosnt it!!
The poster not coming back to answer previous questions , Why!
Possibly still asleep.
Steve, Rebess, Cowichan,Mr Bond,Tornado,3bear,Mary & other members,
I have this evening written to Centamin & FTI asking for clarification one way or the other.
Tibbs
All,
without going in details, this information circulating there, a technical issues will affect the production numbers for coming weeks ,so I asked for clarifications.
let's wait and see.
Mhenderson
How is the short on CEY shares going on your CFDs?
Tony
MHenderson,
I am sure that you realise that such a claim especially of an event or circumstances that has the potential to affect market confidence and the company value is going to be disregarded unless the claim is substantiated with supporting evidence.
So in view of your reluctance or inability to provide any supporting evidence and indeed no obligatory RNS from the company such a claim must be regarded as malicious or misinformed rumour lacking any credibility!
Where indeed Mr Bond, that's the question which I doubt M Henderson will be able to answer!
Do you really think that any reputable company should release an RNS because someone made an account a couple of days ago on a bulletin board and wrote that the company had problems, without any source or link?
If so, it would be a joke.
Does that claimant understands the obligations of the company to release such information, especially when it involves stopping production, and it's been more than 10 days ago according to him?
There is absolutely no news whatsoever in Egypt about any issues at the mine, unless the claimant directs us to those (circulating rumours)..
I promised myself to watch from far as a non-holder, but sometimes I can't just keep my promises!!
Siko
Hi Siko,
Great to hear from you, hope that you are well!
Thank you so much for the clarification.
Best
Tibbs
Thank you Siko,it sounds like False and misleading information,which reportable.
Hi Everyone, it seems that MHenderson ( I have my suspicions as to his former members handle) is indeed spreading untrue malicious rumours in order to unnerve shareholders, when in fact it seems contrary to this rumour things are going to plan at Sukari!
See the official response from Centamin, please share as you see fit.
Centamin Official reply -
We are not aware of the news you are referring to.
We had a substantial plant maintenance programme scheduled in Q1 this year, which was successfully completed as planned: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4275992&lang=en-GB&companycode=au-cey&v=.
For clarification, the Sukari paste-fill plant commenced commissioning in Q2, not the gravity circuit. The Sukari gravity circuit is in the design phase with a construction decision expected by the end of this year: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4357244&lang=en-GB&companycode=au-cey&v=.
Tibbs