George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
As expected, they robbed Peter to pay Paul .
DASUT,
(1st qtr. will be a softer month due to mill work/maintenance !! )
to hide a lie, a thousand lies are needed.
Hi mrtibbles,
Very serious allegations.
Where There's Smoke, There's Fire.
Mrtibbles,
Can you post a source ?
London-listed firm Endeavour Mining has reported a fatality at one of its sites in Burkina Faso.
The FTSE 100 firm said a worker was killed on Tuesday at the Mana gold mine in the landlocked West African country.
In a statement to the markets this morning, the firm said it was “saddened to report that a contractor colleague passed away yesterday.”
The individual died “as a result of injuries sustained in an incident that occurred during maintenance activities at the Mana mine in Burkina Faso.”
It insisted that “the health, safety and welfare of our colleagues are our top priority and we are deeply saddened by this news. We extend our sincere sympathies and support to his family, colleagues and friends.”
“Endeavour will conduct a comprehensive internal investigation into the incident and will work closely with the relevant local authorities.”
“Processing activities are continuing while underground mining operations have been temporarily halted, as the incident remains under investigation.”
Endeavour was recently in the news after its former chief executive was set to miss out on a $29m pay packet as a result of his alleged “serious misconduct.”
Thanks Tornadotony , mrtibbles for your words.
Hi Tibbs ,
Giving a range for production guidance is a method used by the losers to hide a failure on the target achievement.
Spot on Rebess , you read between the lines.
SteveJones999
Thank you , The best is yet to come.
Tornadotony
If you tell the truth, you don't have to remember anything.
Gomez9
No one can disclose his sources .
For the lie I will keep it for awhile now, will be posted soon.
again don't worry they got 450k this is the truth now.
Thank you 3bear , mrtibbles for your words.
I am a very reserved person , I only speak when I am 100% confident in what I say.
450,000 total ,no more no less.
Mrtibbles
Thank you for your post
Centamin Investor Relations replied to you before ( We are not aware of the news you are referring to.) while Horgan now referring to this issue in the Q3 report, so its better to find a way to escalating this away from them.
Shame on you Horgan , enough lying !
more than 30 days for a pre-emptive repairs !? why was it not included in the maintenance plan before setting the guidance ? you can say the truth, a technical issue happened and took more than a month to fix it.
Half a truth is often a great lie !
Cowichan
I am here, and now after Q3 results and missing target numbers ? Isn't that what I mentioned before and I was ridiculed and taunted ? I preferred not to respond at that time waiting Q3 results although I was sure of the source of my information.
and for the answer for your question ..there is another Lie by the end of year to trying to achieve the year target numbers.
If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business that's potentially in decline often shows two trends, a return on capital employed (ROCE) that's declining, and a base of capital employed that's also declining. This reveals that the company isn't compounding shareholder wealth because returns are falling and its net asset base is shrinking. So after we looked into Centamin (LON:CEY), the trends above didn't look too great.
Return On Capital Employed (ROCE): What Is It?
If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Centamin, this is the formula:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.14 = US$193m ÷ (US$1.5b - US$84m) (Based on the trailing twelve months to June 2023).
So, Centamin has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 10% generated by the Metals and Mining industry.
How Are Returns Trending?
There is reason to be cautious about Centamin, given the returns are trending downwards. To be more specific, the ROCE was 20% five years ago, but since then it has dropped noticeably. On top of that, it's worth noting that the amount of capital employed within the business has remained relatively steady. Companies that exhibit these attributes tend to not be shrinking, but they can be mature and facing pressure on their margins from competition. If these trends continue, we wouldn't expect Centamin to turn into a multi-bagger.
Our Take On Centamin's ROCE
In summary, it's unfortunate that Centamin is generating lower returns from the same amount of capital. And long term shareholders have watched their investments stay flat over the last five years. Unless there is a shift to a more positive trajectory in these metrics, we would look elsewhere.
All,
without going in details, this information circulating there, a technical issues will affect the production numbers for coming weeks ,so I asked for clarifications.
let's wait and see.
What I wished was clarification announcement about the news circulating regarding the stopping production in Sukari for more than 10 days due to a technical mistakes in the plant ?
Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, issued a new appointment motion that included company presidents and the CEO of a company in the petroleum sector.
The ministry said, in a statement on Monday, that this movement aims to support petroleum sites with the necessary competencies to achieve future goals.
The movement included occupying some positions that were vacant; It came as follows:
- Mohamed Mahmoud Ahmed Mahmoud, Chairman of the Executive Board of Directors of Al-Sukari Gold Mines Company.
- Engineer Muhammad Ali al-Din Ali Deghaidi, Chairman of the Board of Directors and Managing Director of North Sinai Petroleum Company.
- Engineer Mahmoud Ahmed Ahmed Al-Sayed Tolba, Chairman of the Board of Directors and Managing Director of Al-Alamein Petroleum Company, in addition to his original work.
- Engineer Walid Muhammad Muhammad Muhammad Al-Aasar, Chairman of the Board of Directors and Managing Director of PetroSinaa Company, in addition to his original work.
- Engineer Muhammad Sadiq Hassan Alyan, Chairman of the Board of Directors and Managing Director of Al-Waha Petroleum Company, in addition to his original work.
- Engineer Walid Ahmed Al-Desouki Mahmoud, Executive General Manager of the National Petroleum Services Company (NPSCO)