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But then, it wouldn’t make sense to have sold off a tranche a few months ago. Let’s see, if anything, the whole play is interesting and there’s been plenty of trading opportunities over the past weeks.
The board of directors have displayed little confidence in purchasing shares, since Horgan sold a lump of his own a little while back, at around 91p. I would have expected more action from them around the 75p mark, if news was looking good. But let’s see.
Perhaps wise to steer clear of Capital (CAPD). They’ll soon be out of business if they’re showing this level of incompetence. Luckily Centamin aren’t letting those shirkers get away with it. Well done Centamin.
Tibbs, hard to believe CAPD decided to work in Egypt and with a company with such a disastrous track record as Centamin. By the time Egypt and Sisi have finished with Centamin, I’d be surprised if CAPD even get a penny. Capital drilling are walking on thin ice, even yesterday on eBay I saw “Great Pyramid for sale’ - Seller profile ‘Sisi897’
We all know the AISC is higher because the new management are doing a great job of repositioning Centamin for a lucrative future. Bargain basement prices for Centamin. I flipped 83p-89p which nicely covered the tranche tied up at 97. The old management have left the building Tibbs. Good times ahead.
But there you go again Tibbs, it’s old news and water under the bridge. We’ve all read the recent RNS, they’re clearing the waste and hitting targets. ‘Hannibal’ Horgan appears to be doing a great job and appears an effective leader of this new and improved ‘A-Team’.
I’m stirring the pot a bit Steve and enjoy provocatively challenging the situation, While I agree that downramping might not exert a significant impact on the stock price, apprehensive investors could potentially yield to prevailing public sentiments and fear-driven narratives, precipitating selling behavior. Moreover, the Tibbs & Cowichan.Co spree of recurrent negative PR posts are somewhat monotonous and uninspiring, they get a little dull these days. We’ve all done our research, that’s why we’re here, Centamin is good at this price.
Well said, spot64. Completely agree about the fear mongering. Both Cowichan and Tibb’s understand that Centamin are making great strides towards dealing with the issues of the previous management and their focus on past events seems unwarranted, given the efforts of the new management. The company is currently performing well, meeting all its targets, and appears to be a promising investment, taking in to account all of the issues and the progress, Centamin is looking like a good buy to me. That’s why it appears like fear mongering, they both know the new management is working hard, but seem to want to dwell on past events.
Tibbs: “Until then regard the company with great suspicion and trust it like a rattle snake in a lucky dip”
Here, my fellow investors is the perfect example of a classic downramp. I must admit my skepticism, Tibbs, regarding your current share holdings, the notion of the ‘old timer’ holding doesn’t quite convince me and it appears you might be contemplating re-entry at a later point. Wishing you the best of luck in securing a more favourable position in the market. I’m sure both you and Cowichan will be singing a pretty little duet soon.