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love the optimism but not sure I understand the logic?

Gnome what worries me is that Sukari open pit has now been worked since 2010 and a great deal of work was done prior to that by Sami El Rahgy a very experienced geologist/miner who plied his trade for many years in Australia.
I thoroughly agree the complexity of drill results etc but as I say they have been working the ore body for 10 years and good competent geologists and mining engineers you would think would have a handle on it's structure. Open Pit is a pretty straight forward form of mining certainly when compared to underground and yes can still bite your a..e (Palabora case in point plus many others that have had a slip due to a void) but to take a year or more to get back on stream because of an issue of movement in a waste area something doesn't jibe especially when coupled with excess water (in the desert).
I am waiting patiently for the next management statements coupled with the year end production figures and financial results. Hopefully coupled with a strong positive message by Martin Horgan on the way forward. What we don't want as we see a gold price rally followed nicely by a healthy increase in our SP is any further negative surprises. Yes I am disappointed with the last 6 months performance or lack of it.

No alarm Tibbs unless you live in a country that is normally supplied drugs by Astrazeneka's Indian subsidiary and will have to wait in line until India have sorted out their own population. Good news for the developing countries however is that at least Oxford/Astrazeneka's vaccine will actually be available and transportable, the others would be pretty much useless in the developing world as pretty much impossible to administer, given the minus 70 degree temps that need to be maintained.

Tibbs I haven't commented as have had too much on as we decided to move house also help grand daughter move into her first home and what with lock down and the issues at Sukari I really lost interest so haven't kept up with the board. Now settled so will get back into the swing starting from the next presentation and hopefully Horgan and his team have got a grip because reading between the lines it looks as though there have been a number of bad practices . I have always thought a good open pit mining contractor would make a difference even if they were employed to undertake special projects. Must admit I never thought they would bring in a contractor to do a major cut back to focus on waste but it makes sense. Anyway now all about the end year result and the way forward hopefully outlining some positive plans because currently everything I am hearing is very vague, and we could do with some good news.

Viable it will be interesting to hear what is said in the next presentation and call in and we shouldn't have long to wait. If Capital are bringing in a sizeable fleet of new Cat trucks, loaders, dozers etc to concentrate on waste removal, will free up the Centamin fleet to concentrate on ore and at a lower grade they need as many units as possible.
I am not sure about the appointment of Capital because I know them as a drilling company not a muck shifting contractor, but at the end of the day it is all about having the right project management team.
When walking a mine to understand efficiencies I always thought it important to look at how the waste was handled not only at the face but also at the dump so it remains to be seen how successful this decision will be.
I do hope that we see a better than expected 4th quarter even if it is only slightly better as we can't afford another shortfall especially against such a pitiful target.
Here is hoping for a far better 2021 with good news regarding a new concession area in Egypt, a timeline and feasibility/bankable document to develop a resource in West Africa.
Above all we need a strong and positive report by Martin Horgan.
Here's wishing all of us Centamin investors a healthy, happy and successful 2021.

Yes in my opinion an over reaction , good profits and cash in the bank and assets in the ground. What worries me however is the lack of flexibility in the ore body, pinning forecasts on one so called rich zone. It has been said many times before single resource and all blips are exaggerated by the market it was ever thus.
I am holding and maybe buying more because the mine is still in a good position and I am still in profit having been in since 2008 yes I believe with an increasing GP we will be back at the 170 's in the not too distant future but I have been wrong before.
Will production fall below the 2021 forecasts I very much doubt it especially if they are able to access the 2 grams per tonne zone earlier than predicted and there are several ways to sort out the earth movement (surface water is extremely surprising in the desert and the need to pump out water) this would be common place in most other parts of the world but Sukari I bet they don't even have any pumps on the mine so that will have caused a delay.
What will happen to the SP if and when they are awarded a new concession or maybe more than one new concession area?
Horgan has certainly brought in some experience so I would expect to see some emphasis on bringing in a new resource sooner rather than later, if so how will that impact the SP.
Some positives to keep me going BUT yes I am very disappointed that there hasn't been any future positives announced today by the board.

I do wish management would report these issues with more impact detail because it is a case of here we go again throw in a production issue but don't explain the level of a profit warning and how much higher gold price etc offsets any production short fall, less cost of using stock piled ore albeit low grade etc.
Movements at a mine face is nothing unusual and it is excellent news that it has been caught early and that it is waste not ore because cost of life would be far far worse with a "slip". This isn't to say that there won't still be a slip and could well be a solution if managed but without a full understanding of the issue it is difficult to comment.
What I will repeat is it is nothing unusual and the ore is still in the ground and remains an asset and hope that 20th October we will hear a positive engineering solution, together with other good news relating to a new Egyptian concession and a positive timeline to gold extraction in West Africa.
Trying hard to keep the faith but won't deny it is difficult.

Thanks Tibbs as I say I haven't missed anything and a lot of positive maybe's without any details so hopefully we will hear something in the next quarterly statement/presentation. Or who knows EMRA might one day share with us the outcome of the bids.

Dansul thanks yes I did hear that Newmont were looking at throwing their hat in the ring and they are a formidable company. The thing is did they actually take make a move and as I say it is somewhat surprising that we can't find out who actually made bids and when will we know the outcome of such bids. Siko if you are still reading the forum comments and questions do you have any feedback?

OK thanks Cowichan, Tibbs it seems I haven't missed something and there hasn't been any official releases from EMRA advising of participants. Also still can't find anything that relates to award dates or timelines, I find this very surprising because Government tenders are normally gazetted.

Cowichan thanks but are we saying that only Barrick and Centamin are playing and no other companies are currently interested in Egypt ? As far as my memory serves me we are not only talking gold in the region there are many other minerals involved.
Do we know when EMRA will be publishing the results of bids?

Does anyone know the names of the companies that threw their hat in the ring and bid for any of the blocks? Also does anyone know when we are likely to hear who is successful?

Clout is so important and being a single expatriate company voice doesn't help. I remember having a long chat with Josef at the start of our dealings and he was hoping that the Egyptian Mining market would expand and there would be other companies joining them. He wasn't looking at expansion at that time because he had so much going on kick starting Sukari but he was at that time conscious of the need for supportive voices and how right he was. Once the new companies arrive and establish themselves I am sure a Chamber will be established and become a collective voice with considerable clout.

Cowichan, Bogosu was pretty much the first new mine to open after the second coming of President Rawlings and all of the strife in Ghana relating to drought, starvation, coup after coup during the 1980's and they had major issues because they basically chose the wrong process and had a complicated ore body. Initially the roaster didn't work and for a good number of years they were working and controlled by the receivers and the banks.
The BIOX Plant was their saviour plus some very good guys who pulled the mine up by it's boot straps one being a first class and metallurgist , who had gained considerable experience working initially in Australia and then in Ghana with other mines including Ashanti before joining Bogosu.
I visited the mine many times and many fond memories.
Will they sell their BIOX I wouldn't be surprised as Wassa and Prestea use carbon in leach so who knows it might be adding up?

Rebess no promises have been out of the game a long time.

Cowichan thanks let's see what we can find out.

I also complained to HSBC but didn't receive any compensation but certainly seen improvement and divi has been received.

Cowichan sorry forgot to ask where are you picking up the job adverts as I might be able to find out more through contacts if I can direct them to the adverts?

Now that is interesting and as you say hopefully good news.

The only question I have is no mention of French speaking an advantage.