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That is what is needed.
Those people cannot be involved with such a company,when it becomes common knowledge,they get tarred with the same dodgy bru****heir shareholders get nervous along with clients.
Hoppfully.
I share view Cowichan.
The extensio was granted by an outside agency not Centamin.
The share price rose immediately after the announcement(take a look at late trades.
If this share gets listed away from London, or dividend wiped out my isa and pension are gone.
As I am out of the UK.
We have to remember though that Joseph has still 35million shares in his own name let alone shares in holding companies then there is the rest of his family as well.
So his interests should be equal to LTH intersts.
GLA.
What a drama the soap opera goes on.
Well Rebess ,I would think the chances are about the same as a due diligence extension
You can be sure that through December ,production will be at maximum.
IMHO.
Merry Christmas and Happy New Year to you and all.
No problem Cowichan.
Will not touch twitter though or facebook.
But whinge to Centamin is not my style.
Especially now.
Hit back with truth is what is needed,as you implicated..
Good and bad times Centamin is not that bad.
People still here ,a few years ago were wanting flip flop parties.
A little over the top for me
Now they should support a company under pressure from a starving polar bear.
EMRA did not endorse Endeavours attempted merger,just re-iterated it welcomed new investment n Egypt.
End Is not capable of profit or paying its debt ,let alone,investing in Egypt
So where is the off-take agreement .
Would be interesting to have a timeline.
Or is it there has to be an auction because of so much interest
Which takes more time, maybe 12 months.
In the interest of the investors ,naturally.
The company has £40000 to fund what is necessary
That is not anywhere near the price of drilling .
Let alone the analysis of a professional for final bankable feasibility study.
Multiply 40000 by at least 10.
Possibly more and a minimum of 2 years.
The fundamentals ,I am afraid to say are dismal,and no different than the gold prospect.
Which either could not get funding ,or was hyped to death.
The gold prospect has yet to get funded,But if we could believe anything the previous bod said, they had a runway,(small airport) and new village for the local tribe.
Very unlikely.
This is going the same direction, No funding ,no investors fighting to do off take agreements ,not much at all other than repetitions of previous RNS s.
Its pushing credibility to the limits.
Never look at the numbers of share bought here,look at the monetary value,not really much at all.
Sorry if I offend some,but that is the reallity.
Perhaps it will change,but will not hold my breath waiting.
Each day, most of you posters ,speak rubbish.
The same as years ago.
OK carry on, but you will not convince the ,big investors.
The realists.
Take a look at the value ,the real,value of this share in 2018 fundamentals £40000 cash.
Share value minus pennies. Negative value.
Brackets mean minus value.
So you understand a little accountancy.
Read the un-audited accounts.
It does not make good reading.
Minus everything a,part from shareholders investments.
So where is the cash for a real DFS coming from?
Because there is no cash.
A year ago the same RNS with the same number of drill holes was announced.
And production 2019.
Total lies.
That is the reallity, it gone on for years.
Get real.
The dfs if it happens.
Will have to be comprehensive.
By a professionally recognised company.
Not by a dirt kicking cheap geologist ,relying on termite mounds ,as in the past.
A DFS has 3 stages ,the first ,scoping survey not thorough,the second much more drilling ,the final bankable study, much more important,including total cost ,and is there a sufficient resource, worth investment.
Including cost of equipment,ie plant and life of mine.
No different than the marvellous gold resource which will probably never be mined.
So thank you pigeon catcher ,but I do not need your sympathy.
Of course the professional investors already understand this.
Major investors of course.
Just so you all know I years ago bought millions of shares here ,only to see them diluted to virtually nothing, by a BOD as now only interested in fleecing us all.
But we all make mistakes, but learn from them.
For some it is the end of their previous lifestyles ,and go broke.
Not me, but think before you buy into this horrible company.
GLA.
I think you all need to investigate Definitive feasibility study.
It has 3 levels.
The final being a bankable study.
This company has not the funds for such.
It has no intention of such.
In my opinion, but I have absolutely no influence in this BB. lol.
When I see a bankable DFS by many professionals ,I might change my mind.
Only might.
Until that day there will be no off take agreements or further interest by investors.
Check it out.