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The last word was the last week of Dec. that Centamin is on line with the guid line 490K by end of Dec. The reason of the SP is not moving; is the manipulation of the EDV as they fight to death to have their life back by getting Centamin.
I would trust more our management if they buy back and increase the Dev. to shareholder instead of money in the bank, this way management will gain more trust of their shareholders.
GLTA,
Dan
IMHO, based on my experience with board members for 3 other companies I worked for, they are doing nothing and control nothing and what the president says is to be done no matter what. However, if one of those non-executives or other executive board members is really care he/she will make a difference. Seems to me that the removed president was convincing all board members with one idea for lowering the production for a certain reason (like, OK we keep the gold as the prices will shoot to high later, sacrificing the share price for couple of years at the same time EDV on the work to takeover - His plan). Since the board start to wakeup and smiled the morning coffee they asked him to leave and he was out of the league since announced or may be before that but to cover the management mistake they will never release his act.
This is I think what happened, unless there is another theory.
GLTA,
Dan
I think Management is telling to EDV, "OKAY, we will give you the extension and we will see what you will do" I am sure the management as announced before they will have a great news for all of us, since no update to the latest update on production.
GLTA,
Dan
To all and especially for the friends they are here daily taking the time to supply us news and analysis;
I wish you a Happy Hanukkah, Merry Christmas and Happy New Year.
I hope that CEY will start its glorious years back to better than its normal, I believe 2020 will be a start.
GLTA,
Dan
I just added more today had a hard time adding to my holding. I have a good feeling it is time to buy while the market is in between different type and reasons of transactions. At least I will reduce my losses, I hope so...
GLTA,
Dan
Yes mrtibbles, agree also because investors selling and buying at the same time for tax reduction purposes, they are loosing nothing but gaining tax losses for next year or lower there taxes for what they gain during the year. It is legal transition to do.
GLTA,
Dan
This is true Cowichan, I have a very hard time dealing On-Line with CEE Toronto and I have to call whenever I need to buy. Volume here is very low to nothing and calling for any transaction takes a long time to get answer with TD bank or any other bank nowadays.
GLTA,
Dan
It could be also that Endeavor wants an answer before the end of the year as the result could be very good and loosing the offer any way. Please don't shoot me; I am just trying to be optimistic. Since this time Mr. El-Raghy himself issued the RNS for the Guidance achievement.
So, If management answers and asked for ext. that will mean bad RNS for Q4 if they didn't consider the offer that means they are back on track and mining the right mine spots and not just any sand as the last quarters to lower the share prices, we have to wait until the end of this week and that will give us the answer (if any warning; must be by the 3rd week of the month.
GLTA,
Dan
EIProfessor, not at all, I believe this time as an official NRS with production expectations and by Mr. El-Raghy it will be achieved as announced.
I believe Centamin will be on track from now on. I think, since Mr. Pardey came on board and Centamin strategy and investor's communication went completely sour, do you remember when we can calculate the production per quarters and stopped when he joined Centamin! He was working toward the plan for Endeavour.
Now thank God he is out.
GLTA,
Dan
Just FYI, if you didn’t know
https://m.canadianinsider.com/node/7?menu_tickersearch=CEE+%7C+Centamin
GLTA
Dan
Also the RNS acting as a rejection to the offer is just to cover up the activities going on between Centamin Management and Endeavor. Rebess said it before and I said that a long time ago, they work on something but i didn't know it was a plan to sell us out that way.
I am not sure why we have to be sold? The best option we have; is to have better honest management and we can be in better place and value than any best offer.
Let see our management capabilities to improve the production and the quality of communication and work they do. I hope they fined someone can replace Pardey ASAP I am not sure also why J. El-Raghy is very quite like he is not there at a all.
GLTA,
Dan