Communications13 Dec 2018 13:22
Whilst I have been a longtime Centamin shareholder (37p) and have followed this excellent communication facility at regular intervals I have been reluctant to post as there are clearly some very well informed contributors who know a lot more than I do. However,there are some stand out issues that require some explanation
A) The uncertainty over the legal situation - is this the equivalent of a “Poison Pill’ being left in place by the Egyptian Government on purpose to deter any possibility of a foreign takeover bid?
B) The Centamin Board of Directors seem to have taken a very wise option of reducing (or spreading) the political risks by opening up exploration activities in Africa via Burkhina Faso and Cote D’Ivoire mining licences - what is the future strategy where these facilities are concerned? Apart from publishing regular drilling analyses there seems to be a deafening silence on where these explorations are heading.
C) The extraordinary range of ore contents (mg per tonne) where gold mineral is concerned and a large number of areas with gold of bonanza proportions. It would seem therefor that any shortfalls in forecsat production could be made up relatively rapidly by leaving some of the very low mineral areas of less than 1mg per tonne behind that add disproportionately to the overhead costs of production and ounces of gol sold annually.
I welcome some comments.
Yes, I agree there is a worrying lack of transparency here and the danger of what seems to be a premium investment being tarnished by very poor communcations with the shareholders.