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This subject has been a dead duck for aeons(?eons) Having been invested since a map on the wall at -33p it has always been a share of interest rather than an investment for my old age . I have had enormous fun with this one and Tibbs
has been absolute stellar with his quasi Marxist slant on things and I must say many posts of merit for those less fortunate.!!!!
Having been bought up in a family of the 50s where dinner chouce was tomato or browns sauce on your bread I applaud the capitalist regime which allowed me to climb through horrendous hard work at the expense of family and friends to reach the pinnacle of corporate sucess, Only to regret achieving it.!!!!
Please keep this board civilised and civil as it is now.
Gold flip flops are not all and if you have financila sucess in CEY or anything else remember those in need far less foprtunate than yourself.
Sorry for the off topic rant but couldnt resist. Apologies to all.
Bob
Hi Sotolo et al here. Bit of fun so dont take it too seriously and send hate messages .
What was drummed in to me at business school was not diversity ,not carbon emmissionss , climate change , the teachings of Marx or Engels nor the dangers associated with excessive drinking . smoking, or fatty foods. physocological inference and misguidance and propoganda . NO It was "nothing happens until somebody sells something" Hogan may be an excellent mining engineer , he may be an excellent financial businessman . but selling Sukari to retail or wholesale investors just aint in him . no matter whether he thinks it is or not.
Oh well .back in the dole queue.
Regards and good health and best wishes to all
Bob
Hi Tibbs
There has been an undoubted movement by major players
(certainly not us minnows of minority holders) to move this SP downwards against a large swing in Gold Prtice to the up side. Others will be able to adjust the current up trend in G/P against current and forecast oz;s . Just mypersonal viewpoint . the major holders have decided that the Company is ripe for a takeover in favour of whichever Companies they have substantial holdings in. All a bit conspsdpirational . Yeah conspiracies seem over the last ferw years to have more than substantial legs . I equally would not discount the baksheesh that a mjor would have in favour with the Egyptian mining authorities. Hope I am really and totally wrong !!!!
Thankyou for your kind comments, much appreciated. Rereading my post I hope nobody took my explanation as defending the appallingly bad governance of Horgans predecessors at Centamin . My concern currently is that unless Centamin shout loud and ckear as to how the waste strip has progressed or progressing with the share price in the current doldrums with future AISC costs falling it would be an ideal time for a oredator to make an unsolicited bid before the market took on the better news on both counts. Lets hope not but not holding my breath.
Bob
HI Tibbs,Razoe Cowichan , Dasut and respected others not forgetting Siko
I am still lurking here and enjoying the profound and very intelligent and concise posts of the contributors. I could not resist however Tibbs applauding your post re Horgan and sorting out the crock of s##t he was handed by his predecessors. However slightly in their favour I would say that the fledgling Egyptian mining industry rested on Cey shoulders and max profits and return to to the Egyptian Govt coffers was essential bearing in mind the Court case sitting on CEY shoulders at that time. Much backsheesh and palm greasing was needed .
Global economics now going to hell in a hand basket , USA heading for stagflation at best China facing meltdown in Real Estate and industrial output to the West, Russia (although a minor force in global economics terms but massive in visibility and influence with the BRICS) probably in default of debt come Spring Summer next year.
Silver ever the poor mans hedge but Gold for those with the available funds to back into.
Rambling views of an old f''t. Happy with 50 odd thousand at average 1.18 .Look forward to divi announcement for next year, Very rarely trade these days (too old and slow ) but reinvested divi at 84 and 79 respectively. Wow one of the very right decisions . Dont make many of those
Kindest regards to all here and remember , you can buy a yacht and a Ferrari but not a family.
Bob
HI Mr Bond
Very true but you missed the point. Who can carry that debt forward. The US or China Russia et al. Who has the base to support that debt. Certainly not China or Russia . Debt is only feasonable on the ability to finance it .
Bob
Hi Tibbs
You cannot ignore the US and feel that there economy will suffer. With the technology industrial strength and population driven by greed and motivation for profit .If you differ you are going to hell in a basket. China overburdened by debt, Russia leached of tax funds by Oligarchs and based upon corruption at every level .Get real and face the facts Tibbs. The 2nd most boasted army in the world cannot overcome a population one third its size Busted and exposed reality. Laughable.
Bob
Hi Gnome
Very well said and is their a model system in the world that does not have its pillars supporting greed and down right fraud and irreconcilable debt. Sadly I think not. Some try to conceal the shortcomings behing fear and propoganda and others by smoke and mirrors. Couldn't agree more that Tier 1 is where true value lies.
I am led to believe that at least double digit private bank failures have occurred in Russia but concealed by absorption or acquisition by the State Banks. Wheels always turn full circle . Not sure why at my age I care any more.
Regards to all
Bob
Hi Sotolo
So the divi may be less than wanted. Over 5-10 years which I have reaped the divi from CEY what the hell do I care for less than the normal divi for the next few years. I still have the basic share holding (albeit like all my long term holdings )at a considerable SP above purchase price. Think in 1 or 2 year term or less to get rich and be consigned to the market dustbin of the 78% who think they can get rich quick. Fallacy!!!! Hold and wait and if the divi is still giving hold for longer.
But what do I know .Do your own thing as I do and the very best of luck to you all.
Hi Tibbs Gnome on a different tack USA has had 2 banks default but depositors have been insured against losses. Can you advise how many private as distinct from State banks have failed in Russia during the same time scale I know the answer but interested in what you reveal , if anything.
Kindest regards
Bob
Hi Steve
So reinforces my previous posts in that private investors have little influence on SP in comparison to major commercial and top flight institutions which I follow .Basic problem is that they conceal their positions under Market rules in that their substantial move s can be declared on a 24 or 48 hours delay after crystallisation if the event is larger than NMS . S.M rules on ensuring a stable markets.
Many thanks for revealing to this board what holdings in CEY uncovers. Institutions such as Blackrock Schroders etc have the best brains on this planet and life in these major institutions is short if proved lacking. A major plus for my substantial and continuing hold in CEY albeit from a low SP and enjoyment of substantial divis over many tears.
Many thanks again for that reveal. Look forward to RNS shortly on CEY prognostications for current and future
Market move 24 to 48 hours before a good indicator as the market in general is leakier than a colander.
Kind regrds
Bob
Hi Steve
Totally agreed , nobody reads my posts and I cannot blame them for that.
As Tibbs has indicated how the market and the book works is quite contrary to how most Retail Investors imagine the figures work.
The factor most RI look at are in fact behind the actuality and RSI is one which is most misleading. Major transactions may be declared some time after the event . If you wish to trade as a major Institutional player then it may be days before that would appear as a transactiom.Equally major transactions between brokerage houses may also skew the market although these may be transacted on a neutral price basis. but may show as buy or sell depending upon the ticker price when declared. The trick as I have said previously is to foresee the strategic direction of travel and ignore the short term rise and falls as that is squaring the circle.
Just my naïve view . and hopefully of some interest or otherwise.
Regards
Bob
Mater RSI
Do you fully understand the meaning of UT at end of trading in the book. Interested in what you understand Having traded directly into the book I know exactly what it means ,if anytghing.
Regards
Bob
Hi Tibbs
Purely a bit of fun. However I sadly was not at that meeting but may have been at similar in my previous life. On many things Tibbs we differ but on the way in which the markets are manipulated and the omerta operates we are probably at least on the same platform. However the trick is to see the manipulation and profit from it. Sadly Feb 24 2022 gave massive opportunities in Raytheon, Boeing BAE, Lockheed, et al . A different debate as to whether ethical to profit from the tragedy of war . I did not this time !!!!!!! Had no need but a day traders heaven . Best fun to have with your clothes on is day trading directly into the book leveraged 10 or 20 times depending on the stock being traded, However like gambling take the profit and run . MOST ESSENTIAL ADVICE IS THAT YOU DONT NEED TO TRADE EVRY DAY OR EVESleep tight every one N EVERY WEEK. Compound 1% return per day on 200 days per annum. Wont happen but neither is winning the lottery.
Sleep tight every one
Kindest regards
Bob
Hi All
Just to bring some jocularity to the board and snipe as you will it will make no difference to me
Scenario one Meeting at EMRA with Government reps present with Pardey and Joseph etc present. We are really fighting a rear guard action on Law 32 et al and not sure we can hold the present position. Can you ramp up the production to exhibit proof that Sukari was a wise enterprise for the Egyptian Government and bang some dollars into our economy as valid proof.
We can but we shall ahve to cut some corners to get there. So be it go to it.
3 years later
Non exec to Blackrock , Standard etc etc via a secure but deniable line. Probably face to face at a obscure meeting place more likely.
What I am about to tell you is strictly between us and i shall deny all knowledge of it as I have to protect my credibility as a Non Exec on 3 boards earning 6 + figures a year and 2 kids in top public schools to support. Sukari is about to have a major collapse of the wall as short cuts to achieve results have been made. Immediate action needs to be taken as otherwise the resulting catastrophe will render the project sterile.
Ok you have my complete silence in the matter but immediate action will occur.
Shining white knight arrives sword in hand and slays the misaligned dragon.
Just a bit of fun guys stimulated from this excellent Bourgogne shortly to be followed by a Courvoisier and expresso but VERY SADLY LACKING A DECENT HAVANA on pain of a fate worse than death from my future ex wife. Love her to bits otherwise the Havana would currently be alight.
Hope nobody takes offence at my jollity
Should be a signing off quote from the likes of Oscar Wilde or Latin similar but classics education too long ago to remember.
Kindest regards to all here
Bob
Hi Tornado and Tibbs
Firstly what a fantastic platform this is for many and diverse views. As I have said before with "skin in the game" the more obtuse and variable thoughts
(well considered and mannered ) that arise should have bearing on whatever decision making process . Firstly Tibbs I would be fascinated to hear what your contacts make of the efforts of Putin to realise the gold assets he sits on . As I understand it no exchange in the current world trading platforms will credit without physical transfer guaranteed gold value from Russia. The only stable platform who may be so willing is China but then an embargo on their reserves woud be of massive liability to their current dire economic woes. I would suggest they need to maintain contact with a market within which they can realise or use as a backed world wide asset.
I really look forward to your further considered views as could have a very large influence on future gold price.
Tornado
I fully concur with your thought process. As I have said before Hogan is not in this for buying another 50 metre yacht but as his history and CV shouts ego , ego ego, promoted by success and there is nothing wrong in that in my opinion.
Whenever a new CEO is brought in to a less than adequately performing Company (and the major Institutions would ensure the old guard fell on their sword and the new incumbent would be out of the top drawer, believe me) his first mission is to emphasise the terrible mess we has to clear up. Probably worse than actuality. A 2 year mission statement. That time is up and the major players know this. I think a progression of good news will now follow . If not I am wrong again . Success is 51% right and 49% wrong.
Have fun chaps Still holding and well above water with every thing in a ISA and do the maths over 10 years of divis. SP is only of value when crystallised.
Kindest regards to all
Bob
Hi Tibbs
Unfortunately for Putin the ability to requisition and have a lien on gold by sell or purchase whereby a label is added to a gold in a Western vault is no longer available as a source of dollars. He has to physically supply that gold in exchange for currency or goods, How is he going to be able to establish an alternative trading platform where physical delivery is the stable floor and a trusted system of exchange. Pie in the sky I am afraid. Kremlin propaganda at its futile worst.
Kindest regrds
Bob
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