Member Info for Cowichan

Mizolglit
I hardly think I would suggest the whole Centamin board resign if (like I said in my post) the board need not be aware of Barrick's purpose in having former employees apply for jobs at Sukari in positions of influence/power.

As far as institutional firms being aware - I wouldn't know except to say I do converse with individuals working at several smaller firms out of London and Toronto - they read my LinkedIn posts with interest.

As far as informing Centamin's board - each one has a LinkedIn account and I tag each one at the bottom of the LinkedIn post - so yes, they all see my post. Is that formal or official ? Not really. But it is PUBLIC - and in my opinion FAR better than an email sent to Centamin's IR dept. which does nothing at all.

I appreciate my theory is primarily conjecture and open to debate.

I suppose if we hadn't experienced the Endeavour bid (was it even a bid?) and Pardey's hasty 'retirement' I'd not be as paranoid as Tornado puts it. But like you Tornado I still believe in the potential of Egypt, of Centamin's concessions and of Sukari. All I want is the promised 'value' creation we've been waiting over a decade to achieve - not for another company to steal it away. Think about it - we long term shareholders are now shouldering the cost of a massive waste clearing project. Nice for Barrick to swoop in midway through and not spend a dime!

To Mizoglit - I don't know if Centamin's board would even need be aware for such a scheme to be pulled off my Barrick/Mr Bristow. Given the aforementioned Kees warning and our boards' apparent indifference just how much attention does the BOD give to running the company?

To Bobliz - Same as what I said to Mizoglit. Mr Horgan need not be aware of Barrick's scheme. I'm sure it is seen as something of a coup when former Barrick employees apply for jobs at Sukari. Their talent would certainly be welcomed by any company - and all the more by little ol' Centamin!

Look - here is what we know for certain - Mr Bristow/Barrick wants (and needs!) to acquire another big tier 1 asset. Now Mr Bristow is publicly on the record calling Sukari just that. Take that news - add it to the four Barrick hires in the last 12 months and what other conclusion can a shareholder come up with?

That is not to say an acquisition is inevitable - only getting more and more likely. But long term Centamin shareholders like me will gain very little (if anything) should Mr Bristow succeed while we are at such a low market cap. That is why I will continue to question Centamin (through social media) and seek to find out if there are plans in place to welcome a Barrick bid with open arms.

Already my LinkedIn post has several Centamin employees engaging - as well as 15 executives
- some from Barrick, Centamin, Barminco, Nordgold and others. One thing I know - it's harder for a blindside to occur when somebody shines a light on a situation well before it happens.

https://www.linkedin.com/posts/don-lawson-98619370_rgn-magazine-on-twitter-activity-6887841878079864832-A_UA

I posted the following* on LinkedIn. https://www.linkedin.com/posts/don-lawson-98619370_rgn-magazine-on-twitter-activity-6887841878079864832-A_UA

I'll just add this:
a) the first Barrick hire was Craig Barker* in October 2020 - the SAME month Centamin advised shareholders 'pit wall movement' was detected & production would be impacted. Craig's official role: 'oversee group resources and mine geology.'
b)two months later a mega million dollar Capital Drilling contract to move waste rock was announced.
a + b = CEY market cap collapse

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* How Barrick Gold Corporation Can (Will?) Takeover Centamin PLC For A 'Steal'

1) Fabricate a 'pit wall' incident that takes down the share price by half
2) Formulate a lengthy & expensive 'fix-it' project to span several years
3) Concurrently 'install' key #Barrick employees in strategic leadership roles at flagship mine #Sukari
4) Talk up the asset as 'world class'
5) Make an offer Centamin's board would 'look foolish' to refuse

Playing a long game is how Bristow makes the big deals. Unfortunately for #Centamin's long term shareholders - they might just get played. #gold #Egypt #mining #M&A

Four Key Hires At Sukari In The Last 12 Months (formerly Barrick employees)
1) Pierre Kanku Mineral Resource Manager ( formerly of Randgold/Barrick from Sept 2011 - March 2021 )
2) Gustav Du Toit Sukari General Manager ( formerly of Randgold/Barrick from June 2016 - November 2021 )
3) Rolly Wasonga Chief Resources Geologist ( formerly of Randgold/Barrick from Feb 2012 - Feb 2021 )
4) Craig Barker** Group Resource Manager ( formerly Barrick )

James Rutherford Martin Horgan Ross Jerrard Sally Eyre Mark Bankes Marna Cloete Catharine Farrow Hennie Faul BNN Bloomberg Financial Conduct Authority Toronto Stock Exchange LSEG (London Stock Exchange Group) Ontario Securities Commission MINING.com
https://lnkd.in/gtTmvCKQ

"The #ArabianShield is a very big un-prospected #geological terrain which links to the #NubianShield across the Red Sea," Bristow said. "Centamin's Sukari mine in Egypt is a massive, Tier 1 #gold deposit. This proves that this region is elephant country, and we want to be here.
We’ve recently invested in Egypt & have committed to local leadership."

https://twitter.com/RGNonline/status/1481567680998121472

RGN took part in an exclusive media briefing led by @BarrickGold boss Mark Bristow at
@FutureMineral. In the Q&A session, Bristow talked about Barrick's growth ambitions in the Middle East, and Saudi Arabia's opportunity to become a regional #mining leader
$ABX $GOLD #FMF2022

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Any doubts Bristow isn't in the region to visit Sukari?

Also, I wonder what "we've committed to local leadership" in Egypt means.

IMO those 4 former Barrick employees now working at Sukari speak volumes...

Goldgnome - Australia sounds a lot like Canada! Damned if we can get a natural gas pipeline approved in under a decade (if ever.) Interprovincial politics at odds with each other. Good for little carbon tax and emission caps driving away investment. What these geniuses in power fail to appreciate is that there is no alternative to heat one's home (besides burning wood!?) in the winter living through minus 30 degree winters. I'm all for green initiatives except that all the green is on the government revenue side with 60% of a tank of fuel going to all the various taxes. Between the red tape and ill-conceived climate plans I think Egypt and West Africa are looking pretty good for investors.

The so-called ‘Arabian Shield’ is the perfect place to explore in the quest to find much-needed minerals and metals, a leading mining businessman has said.

Speaking at the Future Minerals Forum in Riyadh, Mark Bristow, president and CEO of Barrick, called for more investment in the mining industry from governments across the world.

But he warned that investors need to understand that returning to “safe jurisdictions” such as the US and Europe will not provide the supplies needed

https://www.arabnews.com/node/2002771/business-economy

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Mr Bristow putting shareholders on notice - jurisdictional risk is back on the table.

And as a side note: Mr Bristow is the third highest paid mining executive, according to Bedford’s 2021 survey - C$22.9 million
https://f.hubspotusercontent10.net/hubfs/9023719/Compensation%20Reports/2021_BedfordMiningCompReport_Published_Jan2022.pdf

Hi Goldgnome,

I've not followed Sarama Resources very closely in the past but I just had a peak and noticed that Simon Jackson is its chairman.

And it looks like the same Simon Jackson who's the chairman of Predictive Discovery? Which means their new hire Andrew Pardey will no doubt have some insights to share regarding Batie/Burkina Faso.

Wouldn't it be hilarious if Centamin ended up selling Batie West to, hmm, let's say, a company lead by Andrew Pardey (Predictive) instead - how would that be for a conflict of interest.

Maybe Centamin's lack of movement with their West Africa asset(s) was just a stall tactic - to get the asset back into the hands of its former CEO all along... now that would be CRAZY... just a thought.

https://www.predictivediscovery.com/board-and-management/
https://saramaresources.com/company/board-of-directors/

Hi Goldgnome,

That is an interesting development. All has been quiet for the last month or so in my hemisphere - I'd like for the mid-January date to be accurate so we shareholders can put the Burkina Faso fiasco to bed once and for all. Thanks for sharing mate - cheers

Hi Siko,
So glad to hear that baby has been helped!
It's heartbreaking to think these tragedies go on every day and barely get noticed while we go about our privileged lives. But thankfully there are caring individuals like yourself too -

I'm sure everyone on the forum is in agreement with me when I say we wish you all the best - your efforts in Egypt are very commendable - don't forget to keep in touch!

Have you seriously descended into laughing at fellow posters and mocking them for what you perceive to be misfortune? I would say grow up but you are likely well aged and should have some wisdom to show - but apparently not. If you have nothing but disdain and mockery for this forum, please disappear.

At least that is what he/she says.

Well, perhaps you work for Buchanan then? How else does one explain your constant need to defend the board of directors, make excuses for management, disregard the languishing share price and generally kiss the CEO's backside?

And then to ridicule my intentions by suggesting I'm a a short term trader? You know by my Member Info I've been contributing to this forum since May 2014 - you are the one with credibility issues - not me.

As for my comments about the possible 5th hire from Barrick - if you did any research you'd know Centamin hasn't had a COO since Mark Morcombe departed for Endeavor in 2019

Catherine Raw could be our new COO (per some professional headhunter chatter) and she would be a fine addition, further gender-diversify executive management (badly needed!), and (possibly) better set Barrick up for a future takeover

Hey, do me a favor MrBond - just don't reply and mute me instead? But of course you will reply, and continue to poorly defend every misstep management makes, ad nauseam, right? ;-)

My mistake MrBond.

Centamin has already hired 4 former Barrick employees in the last 13 months. Catherine Raw would be the 5th.

1) Pierre Kanku Mineral Resource Manager ( formerly of Randgold/Barrick from Sept 2011 - March 2021 )
2) Gustav Du Toit Sukari General Manager ( formerly of Randgold/Barrick from June 2016 - November 2021 )
3) Rolly Wasonga Chief Resources Geologist ( formerly of Randgold/Barrick from Feb 2012 - Feb 2021 )
4) Craig Barker ( formerly Barrick from Jan 2018 – Jan 2020 )
5) TBA* Catherine Raw (formerly Barrick May 2015 - Dec 2021 )

And I have a question for you MrBond - are you perhaps related to any of Centamin's senior management? ;-)

https://www.linkedin.com/in/catherine-raw-9047a387/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABJyx1QBf1KP4LNUxeaVwgK283suYedEeGw

Barrick Gold Corporation
Total Duration 6 yrs 8 mos
Title COO North America
Dates Employed Jan 2019 – Dec 2021

Employment Duration 3 yrs
Title CFO
Dates Employed Apr 2016 – Dec 2018
Employment Duration 2 yrs 9 mos

Title EVP, Business Performance
Dates Employed May 2015 – Mar 2016
Employment Duration 11 mos

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And if it is, well, the writing was on the pit wall...

"Two and half years at Centamin and an experience to forget as soon as possible.. except for my planning and reliability team who I coached and developed into a value generating team. The management toxic and unethical to say the least."

https://www.linkedin.com/posts/glen-everard-9a637724_two-and-half-years-at-centamin-and-an-experience-activity-6885162036301578240-6S9K

"Yes mate.. contract terminated 4 days before returning to site after spending 20 weeks on site to ensure the upcoming girth gear and crusher shut were successfully planned and saving this company millions of dollars I get a phone call to say I upset someone and won’t be returning to site.. who was upset or nature of the issue if there ever was one.. no info.. no one seemed to have an issue when I was there for 20 weeks.. ?? anyway they don’t deserve an Evo"

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Just one example of the cultural/religious differences that must be taken into account before launching any employee initiative (at Sukari) designed to change longstanding norms

London – 7 January 2022

"...our focus is on actively recruiting women at our flagship asset, Sukari Gold Mine, where we have a lower female representation due to cultural barriers to employment. Understanding and, where possible, resolving these barriers is fundamental and we encourage our business partners and peers to look at how they too can proactively progress the diversity and inclusion agenda."

https://www.womeninmining.org.uk/women-in-mining-uk-welcomes-centamin-as-an-industry-partner/

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Interesting that Centamin would dare 'rock the boat' on such a sensitive cultural issue at Sukari. Reading the LinkedIn posts of many Sukari employees it's clear most are very religious - will this cause tension and discontent? I hope not. We've had enough technical problems - what we don't need at the moment is a cultural rift to boot.

A note to Centamin management - please don't shoot our ONE mine in the foot - the share price is already limping... (unless that is the goal!?)

Hi DASUT
I'm not so sure Barrick's CEO is adverse to visiting Sukari because of logistics or a full schedule.
Rumor is co-summit speaker Al Mulla (EMRA) has indeed invited Mr Bristow to Egypt - Sukari being but one item on the docket.

Not that I approve. Far from it...
https://www.linkedin.com/posts/don-lawson-98619370_barrick-gold-mining-activity-6876285221256388608-JxXf

"the Government of Saudi Arabia confirmed the details of its Future Minerals Summit (FMS) on January 11-13, 2022. The Summit’s themes include a focus on the mineral prospectivity of the Arabian-Nubian Shield (ANS)

Ministry of Industry and Mineral Resources has confirmed that mining-company leaders will include the CEOs of:

- Barrick Gold and Alcoa, Mark Bristow and Roy Harvey, respectively;
- and the chairmen of Ivanhoe Mines and Fortescue Metals, Robert Friedland and Andrew Forrest.
- Numerous other industry leaders will include the CEOs of Trafigura, Komatsu Mining and the International Council on Mining and Metals (ICMM), Jeremy Weir, Jeffrey Dawes and Rohitesh Dhawan.

Full list of attendees here:

https://www.futuremineralssummit.com/

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Yes MrBond, tis (mostly) unofficial chatter so don't berate me as a speculator, please & thanks

Exploration underway on our Wadi Dubur licence in the Eastern Desert of Egypt.

With 1,550km2 of highly prospective gold exploration licences in Egypt, Altus through its wholly owned subsidiary, Akh Gold, is excited for the future and the potential to discover the next Sukari in Egypt.

We are building our team and logistics in Egypt to get ourselves ready for what looks to be an incredibly busy 2022.

#gold #mining #investing #exploration #egypt

https://www.linkedin.com/posts/activity-6876962153220333568-f7Pr

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Sorry Matt, the next Sukari will be discovered by Centamin

Two things to say before the year ends:

First - thank you DASUT for sharing your experienced views on Doropo and the open pit. Couldn't agree more!

Second - came across a tweet regarding Egypt. It's not about mining but it sure puts perspective on the last two challenging years - with COVID and our investment with Centamin having its setbacks - still, there are always reasons for us to be grateful.

Here's hoping that 2022 will really see Centamin lead the way in developing the mining industry in Egypt - for the sake of every Egyptian.

And here's the tweet
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Egypt

I need a shelter who will take in a blind new born baby who was found wounded by a street dog in a pile of rubbish.

Any shelters you’re working w/taking kids who’s parents aren’t street kids?

I want the power we’ve seen of social media to have this boy sorted

https://twitter.com/nellyali/status/1476596502080462848

<<<<---------------------------

PS - shout out to Siko if you are reading this - thanks for all the work you are doing for those in need in Egypt. All the best in the new year

For your sound advice and all you share with this forum.
Best wishes one and all in 2022!