Member Info for bobliz35

Very happy to concur your seasonal good wishes to all on this forum

Bob

Hi Steve. Very well said and almost exactly mirrors my own life experiences. I wasn't born with a spoon in my mouth .very far from it being born in a single bed flat above a sweet shop and the first 6 years of my life in a council house.

Both my children were bought up with a work ethic and aspiration and are now very successful in their own right. A little story but my daughter thought (and her friends) that we were awful parents demanding 20 percent from her wages for living costs with us her parents. However we banked every penny and revealed that when she set up house with her partner gave her 20.000 pounds towards their new home. Parents from heaven not hell.
Regarding housing . NHS. G.P. surgeries etc etc. If any body is interested look up population increase in this country since 1998. To avoid bias get the figures from the E.U figures which were monitored for budget contribution by them and not from UK figures . An increase of 6.5 million population since that date. Have we funded our infra structure to cope . No no no . I live in an area where it seems every field has development on it . I have no problem with that except a massive percentage is 3 or 4 bed detached properties with a starting figure of 4 or 500.000. Where can starters on the ladder going to get a start?

However getting back to CEY absolutely delighted with the smooth increase in SP. Bodes very well for the future progress as support structures in the share price to my mind is most encouraging.

Happy festive season to all on this elucid and concise forum.

Bob

Hi Steve.
As you with FED knowledge will know (but few on here will)Comex is operated by the Chicago Mercantile Exchange Board. Digging deeper will reveal that the FED has close if not total collapsed Chinese Wall relations with the board. However what fascinates me is the extent which the FED can influence and support the losses required to continually depress Comex to what it considers is enabling a support of the dollar. I believe that many I NSTITUTIONAL investors see the cracks appearing (viz the Powell reaction today ) and will trade on what they believe the FED;S ability to keep Comex price subdued.
I believe (as the Chinese say) we live in intersting times.

All conjecture on my part just to add a bit to this great board. Good to see Rebess adding a bit as well.

Kindest regards to all. Guess who got suckered into selling 5000 at 85.5 recently Yep Moi
Bob

Hi again Siko

Link here with Q&A on Egypt's conditions relevant to IMF involvement

I am sure you will be more conversant with this than I but the question is whether the Egyptian "old guard " has total disregard for a destabilising of its values which are at prejudice with IMF Western standards. Not good prospect for the ordinary Egyptian populace who need a change to improving their lives

Is it too much to ask Egypt at this stage of their development. Eastern Countries have crossed this rubicon . can Egypt similarly respond . I very sincerely hope so as they are a wonderful people from my albeit pampered visits.

Bob

Hi Siko

To follow up on my previous post I attach a relevant article from the IMF agreement which as I understand it was to cut through the red tape in respect to SOE (which of course would encompass CEY as a joint venture of sorts)

Was the program successful in addressing some of the structural reforms that were proposed?
Structural reforms undertaken during the Stand-By Arrangement included measures to strengthen public finances, further fiscal transparency and governance, and advance laws to improve the business climate. This included the publication of an updated State-Owned Enterprises (SOE) report to include detailed financial information for FY2018/19 on all SOEs and Economic Authorities, to enhance transparency of Egypt’s large SOE sector. The authorities’ structural reform agenda also focuses on developing a greener and more sustainable economy by ramping up green investments and integrating environmental considerations into government policies.

Hi Siko

Good to hear from you again.

I presume that the IMF are fully cognisant of this variation in contractual commercial obligation . I believe there input and support was on the basis of fair and equitable commercial contractual trading conditions applying.

regards

Bob

Nothing out of the ordinary, Leaked RNS early to the insiders creating the rumour hence SP rise and a sell on the fact.
Topping up with this opportunity. News and very possible better future news stream on FACTS make holding an easy decision for me. . however been wrong on too many occasions to mention. DYOR

Bob

Thanks goldgnome, very grateful for the time you have spent in your professional explanation of this aspect of the mining industry. Very good to have your insight and input to this board. I am sure others here will feel likewise.

Regrds

Bob

Hi goldgnome

Many thanks for your concise and insightful explanation . I visited a hard rock mine in Germany defunct zinc with 7 levels but bottom 3 flooded. It was explained that miners died due to inverted rock formation which dropped from the roof without warning. I may be wrong but does cave blocking avoid this but on a much larger scale. Keep posting these educational posts for those interested .

Regards

Bob

Hi Don,

Held Newcrest through many ups and downs and came out in 2018.2019 above water.

The AISC figures currently are rather alarming and as you say copper has held them up although declining now from its peak. One aspect which I find of interest is their exploitation of block caving . which they claim is exclusive to them . Can you offer an insight on this.

Regards

Bob

Hi Cowichan

Firstly please ignore the trolls on here who are not on the same game plan as the serious investors on this board . Your professional insights as to the mining industry I for one take very seriously albeit lacking the in-depth knowledge you have.

I do however have a good memory and the diesel subsidy was an integral part of the Centamin start up. As this was a contractual obligation (now subject to litigation I believe) I am at a loss as to why the IMF has not raised this in respect of its ongoing funding of the Egyptian industrial future.

Regrds

Bob

Touch screen problems
disparaging view of the Aus voting population . Am I correct that it is a legal obligation for all registered voters in Aus have to cast a vote in an Election.?

You have very correct views of the standard of those elected but do you really believe the younger would be politicians will be better. No real world experience experience and straight from UNI with degree in political science .

However as this is a Centamin board am I correct that :

They have an education facility for dependants of workers, a fair wage policy well above the Egyptian norm, a medical programme, that they have a programme to educate and bring through talented Egyptian management , a safety record to be admired throughout the mining industry. Perhaps Siko (much missed from this board ) has a better insight into Centamin policy on these matters.
Lastly as you have little faith in the present system of National Governance what do you propose to put in its place?

Such a pity you are in Aus as sharing a beer with you would be a delight.

Kindest regrds

Bob

Hi Gnome , Thanks for your succinct and concise reply.. Am I correct that Aus requires all at voting age to vote in an Election. Percentage voting in the 90's %
a little disparaging of you to have

Hi Gnome,

As in Aus the people have the vote to kick out whichever Gov't is in power for the prosctribed period or before if sufficiently alienated. Try that in Russia , North Korea , Iran Venezuela and your dead or worse as is your family. With all its failings the present system (warts and all) suits me and the majority of the democratic world just fine. Happy to here and consider your defense and views on those Governments listed above

Regards Bob

.

Hi Cowichan

Your posts are and have been of interest as to their veracity and technical exactitude and an incite into the Gold mining industry of which I have little or no knowledge,

i have held Centamin since it was a map on the wall and held when it went below 30p . Sadly did not cash in at £2.20+ but eye off the ball at that time due to shorting Banks on the other side of the Book . However the question is what I have posed here before . Why would Horgan wish to court any subservice acquisition by Barrick or other Tier one . He is not driven by financial gain (wealthy in his own right and rejected pressure to take his Aussie venture public believing less than its value) Pardey et al ( non execs hang your head in shame) Centamin is a minor part of my portfolio but I am becoming increasingly interested in acquiring at the dips (refer3ence recent divi reinvestment).
Please continue to advise this board , I for one take your posts very seriously .

Kindest regards Bob

Hi Cowichan

Your posts are and have been of interest as to their veracity and technical exactitude and an incite into the Gold mining industry of which I have little or no knowledge,

All bubbles burst. South Sea, Tulip, Market Crash of the 20's and 30's Euro Snake. Sub Prime, Crypto. Not even Central Banks can hold the tide of mass market flow. If you don't study history you are destined to repeat it, and the digital age will accelerate that by some order. Hold gold

Bob

Hi Tibbs

As usual very succinct and well informed information on CEY.

My personal view is that Horgan is playing a blinder. As I have said here before he has accumulated more than sufficient personal wealth as not to be motivated by monetary gain. His previous resistance to severe pressure to float his start up company was both courageous and insightful. I (as I said personal view only) is that status in the business and more especially the mining industry is his prime motivation. As such keeping your powder dry , share price on the floor and then at the right time release the brakes in an ascendant and acclaimed way is where I see the present situation.

More power to the day traders assisting the long term plan but those who post on here are spread betters or trading the wrong side of the book and will join the 60+% who have no concept of the mantra CAPITAL PROTECTION AT ALL TIMES and eventually succumb to the professionals picking their pockets.

Good wishes to all here

Bob

HI Rebess
Although Tibbs and I did not always see eye to eye he was always the conscience of this board and a very major contributor to both technical and financial matters concerning CEY.
I do wish him well if in some difficulty and look forward to when he can come back to full participation amongst us.
Bob

Hi Tibbs=2 posts in 7 days. ???? Your vies on the present situation missing. Hope keeping well.
Bob