Member Info for DASUT

I am not sure that Wia is a big miss I think it is one to keep an eye on albeit currently I believe only on the Australian stock market.

Josef is from our experience a start up guy albeit this came about by default not sure it is what he intended and proven not to be a hands on long term development type when it comes to running a mine but what does a Chairman actually do when it comes to running a mine other than select a strong competent team to bring in results? Pardey is Non Executive Director heaven forbid, this does certainly bring into question someone's skills in recognising abilities.

It will be interesting to see who actually gets the job of running the company namely the CEO or the good old fashioned MD (if Pardey gets the nod then I run for the hills).

Currently a board of Accountants, Geologist and an Exploration guy.

I say this because from experience it isn't unusual for the Majors to use start up teams to get the resource up and running and then give way to Mine management development team to take it through it's plan.

Tibbs, Paul sorry rushed my previous post because trying to get organised for travels later today. What I should have included that yes the detailed response certainly isn't a fob off response far from it because it is almost a bearing of the soul. I am somewhat surprised that the cut offs are so low particularly for the mill but it is amazing what a high gold price can do.

OK the heap leach providing it is well managed can be used for pretty much any grade providing the leach process is easy therefore weathered oxide ore is ideal. One of the issues on the heap leach can be compaction so as I say needs to be carefully applied/managed. With compaction the diluted cyanide solution doesn't penetrate efficiently but way cheaper process than through the mill.

Often see the heap leach at the start of an open pit mine operation with oxides prior to the mill being commissioned this gets the mine into gold pour early.

Tibbs guess your analyst friend will be critical of the low grades and it is easy to criticise but this is what flexibility is all about going with what you have got and making the most of it.

There isn't any mention of the slightly lower grade underground guessing the ventilation installation took them away from the more productive stopes.

Paul, As I have said many times the proof will be in the results after they have moved past the waste contract and are able to mine in numerous areas, albeit I am sure they are already benefitting from flexibility.

I like the idea of adding the cheaper heap leach process for the weathered low grade oxides because this will add production ounces, and contribute to profit rather than a cost which is what waste is.

Tibbs, Thanks all makes sense and whilst nowhere near as detailed this is pretty much what Horgan summarised when answering my question during year end numbers.

If the institutions were going to dump Centamin shares they would have done it a long time ago. The fluctuations have been far greater than they were last week.

Tibbs why do you need to check things out if you have had an answer to questions ? Who better to debate with than this forum of people who have been following Cey for a considerable time. Surely Cey haven't sworn you to secrecy when answering your questions.

Tibbs I have had a good experience getting answers to my questions. What specifically worries you the most? Maybe I or other members of this group can either answer or ask on your behalf. Not sure PR is the way to go for specific questions normally only any good with generic questions when it gets to the nitty gritty like all PR companies they need to ask someone on the ground and this not only takes time it can often then get lost due to work load and demands on peoples time.

I wasn't able to participate in the last 1st quarter presentation because I was on holiday but to be honest after the last call in at the year end presentation I wasn't expecting a good 1st quarter. In fact the only good thing that I took out of the presentation was that at long last they are laying down on leach pads very low grade ore that would normally be dumped on the waste dump. Why they haven't done this with the stockpile material I don't know but will be asking the question once I get time which won't be soon as I am off on my travels again. This could be an exercise/project worth talking to Capital about when the waste project finishes.

Low grade ore from the open pit is still viable take a look at the "Interactive Analyst Centre " numbers and you will see the comparisons in costs when compared with underground they both need each other otherwise the cost of processing would rise exponentially. Processing grades are crucial as is volume.

I see you are asking why the waste project costs have been capitalised or deferred and my reading is smoothing of the numbers and taking at a later date when they are in the areas where ore has been exposed. Someone on this board who has better experience of creative accounting may be able to explain.

Like others I am not expecting to see real progress until after the Waste Project has been completed and then the proof of decisions made by Horgan and his team will be in the results, albeit I know we will still have some blips on the way because that is the nature of investing in high risk markets and mining is very much one of those markets.

3bear take a look at Centamin web site "Interactive Analyst Centre" it will I hope give you the numbers that you are looking at starting with cost per tonne for open pit against undeground.

Andrew Maguire predicted much of the recent events.

there are areas where industrial mining just can't work because of the number of years small artisanal mines have been operating in the areas. case in point is yengema in sierra leone where there was once a large diamond mine that i visited many times back in the 70's when i lived in freetown. then the area was very well managed and a major employer until the civil war broke out and it was abandoned and never reopened because the rebels took over and over the years the area has become an area of 1000's small mines. yes there is some structure but totally inefficient.

fascinating place and from the air it looks like a massive ant hill with thousands of ants (read people) moving around. the last time i visited in 2005 i met a group of ****ney lads in the guest house bar and they had bought a few licences and were working to see if they could make their fortune. talk about a throw back to the wild west.

difficult to criticise because the area whilst inefficient it is still an employer and there is life after what was a major war where many people were killed by the rebels spilling over from liberia.

one of the guys who worked on my team was previously a mining engineer working at the bauxite mine in sierra leone and he was kidnapped with others and made to walk hundreds of miles through the bush before being released to the red cross. he can tell some stories.

easy to criticise but whilst chaotic it is organised chaos and people can feed themselves after the years of strife.

The unfortunate thing is that Illegal Mining exists in areas that are lawless therefore easy to corrupt/ involved in conflict/ suffering extreme poverty and all that comes with such problems.

We all understand that it is wrong but how is it stopped?

My wife also likes gold but she is now like me of an age where it stays in the drawer rather than getting shown off like it did when we were upwardly mobile also when bought it was far more affordable. Especially when I travelled so much and places like Ghana produced unique pieces.

Steve, Fortunately my kids like silver guess it is the way of the younger generation as gold is difficult for them to afford but I see silver doing as much if not more over the coming year so maybe not a bad shout for early pressies.

GLA definitely a time to keep the faith.

Tibbs very much off topic and if you think any of the other parties can do better talk again in 3/4 years, regardless it is all about politicians who know only politics.

Say something and do something else, say nothing and do something that needs changing because it shouldn't have been done in the first place.

Paul, The dividend is based on 2023 year end numbers so don't think any chance of an increase. However if GP remains high through 2024 then we will certainly deserve better.

I thoroughly agree and have been following the GP closely today since topping $2300 and pleasantly surprised that it is resisting the drop below $2290 and wouldn't be surprised now if we see it pass $2300 again by the close.Major players now more invested in maintaining a high gold price namely the worldwide banking fraternity.

Doropo was privately owned at the time Centamin made their move so not something that would necessarily be on the Chinese radar. They like to work within government circles without getting involved in tenders. As for the court case I don't think much would have been done about it as it came from left field or on the blind side. There wouldn't have been any share holders so nobody would have heard about any inefficiencies or an unstable area.

I have never been on a Chinese run mine but I have visited a dam and road contracts hence knowing something about how they work.

Gnome, Chinese have been active in developing markets for many years and are prepared to go in low and where angels fear to tread. They work at Government levels build a stadium as an example, supported by a protocol agreement and gain credence for future developments.

Work with Chinese labour seldom if ever develop the locals so basically extremely competitive primarily because subsidised by their government.

So no surprises that they take advantage of the years of such investment to gain advantages in the now metals markets.

Nickel so dependent on a low cost of recovery and transport to market is a massive cost but if you have a government support then it is a massive advantage.

Chicken feed compared to the boss of British Gas. Worlds gone nuts.

Rebess, Horgan didn't volunteer the information about the soft 1st quarter it was as a result of a question from one of the corporate investors and then I followed up to understand more and asked about the production tonnes.