Sounds like Mr Naguib Sawiris and the companies he is involved with, use an awful lot of subterfuge and secrecy. It is clear they are hiding much. A giant ponzi scheme maybe. To cover this it is necessary to keep on expanding, causing a smoke screen, the banker often dare not interfere or rock the boat or much egg on face.
Please excuse me but La Mancha, Van Eck and Blackrock are the problem,because the are heavily invested in End ,they need help ,to keep their credibility. Hence Cey will bail the bsts out,they are hoping.. Imvho
It is possible with El Raghy families money and BOD plus 300miillion in the kitty to defectively do a buffer, or share buy back now . They do not need a vote just do it.
RE: Endeavour the rat in the kitchen11 Jan 2020 19:47
The rainy season lasts 4 months ,give or take. That mean a a colossal stockpile ,or a processing plant not up to rate of production. Or they are telling porkies. But then they have their Andrew Pardey back.
RE: Endeavour the rat in the kitchen11 Jan 2020 19:23
You are right. I have been invested in another mine in Burkno Faso for many years ,every rainy season production dropped dramatically. Access roads washed out,mud slowing and stopping dump trucks , a lot more costs and lost production.. Not at all the same as Egypt.
RE: New Underground Mining Method co/Torex Gold10 Jan 2020 20:41
Get real. Unless END are told no ,then forget it all. The future is only possible with the logo CEY. Do not get carried away . Everything will change for the foreseeable future for LTH
Anyone know if they are linked to END,. Because they were down 27% in the past year. They use HSBC and listed on US and Canadian stock market. Kitco news.
There are two reasonably sized trades ,buy at trade price 126. Yet we closed far less. That suggests manipulation, shorting, to me of the S P. It will be interesting to see the opening share price . And how the institutional investors are playing the Casino. Lol, but not funny