Member Info for mrtibbles

HI Dasut & 3Bear,
I agree the high AISC is certainly a major concern and expense to us shareholders, what really annoys me is that if a competent and fit for purpose Sukarii mine manager had ben in post rather than the lying wastrel and lazy bugger Youssef El Raghy we likely wouldn't now be in this dire situation!
I have done some research and I am unable to find any other example of the qualifications of Egyptian Police Captain fulfilling the criteria for the post of a gold mine general manager!
Some of you may also recall the bull**** given to us over the years by Josef El Raghy CEO even at the Jersey 2014 AGM and then he sold shad loads of shares @ £!.74 and stepped down to take a back seat!
We were conned by the El Raghy family and Andrew Pardey, at least now Martin Horgan and his team are ding the job properly!

Ceratainlu

11,815 views 24 Dec 2022
In this week’s Live from the Vault, Andrew Maguire shines a light on his whistleblowing origins, which began following an investigation with the CTFC and DOJ into national-level banks rigging the price of gold and silver in 2008.

The industry veteran digs deeper into his roots within the precious metals industry and examines how the Kinesis platform addresses the issues he faced in his whistleblowing career.

https://www.youtube.com/watch?v=-Yzg7Dtg17w&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1

From 2019
From the most recent report on 25th Feb 2019 the Cleopatra incline and the open pit are still not producing the higher grades or the improved output within the timescale share as promised to share holders by Andrew Pardey on behalf of the Centamin board.
This arrangement of Centamin and Capital Drilling being so closely intertwined by way of share ownership and the same senior management on both company boards and being represented to share holders by the same PR representative may be perfectly legal.
But even if this arrangement is perfectly legal then is it really in the best interests of the share holders as there will no doubt be occasions such as in 2018 (the effects of which of which we share holders are still suffering) when there may be a conflict of interests or management may be in a position where a particular situation means their loyalties may be divided?
Is this another example of glossing over a too close connection that may prove to be imprudent between the company and one of is contactors
It may be worth contacting Centamin Investor Relations or Bobby Morse of Buchanon , but as some shareholders are all too aware they seem to have adopted a policy of silence when it suits them towards investors.

Hi Dasut,
I agree entirely and it must surely raise some concerns that the same Buchanan PR director may well have been party to some pretty sensitive information regarding Centamin is also representing Capital Drilling in a PR capacity and it is Buchanan PR who are now justifying the way the contract was awarded.
It is also of note that the El Raghy have had close ties with Capital Drilling in the past.
https://offshoreleaks.icij.org/nodes/82006106
Perhaps of interest, I see that Capital Drilling forms strategic partnerships with companies, which includes drilling for equity, which it does for a range of companies. Other drill companies do the same. It may have been a good thing for Centamin at the time to help it get going? It also is rapidly expanding into West Africa, including Burkina Faso and Cote D Ivoire. It may of course be a coincidence that that is where Centamin is expanding, and then again it may not be.
http://www.capdrill.com/about-us/strategy

https://www.imd.org/research-knowledge/articles/the-four-tiers-of-conflict-of-interest-faced-by-board-directors/

n this week’s Live from the Vault, Andrew Maguire takes a glimpse into the smoke and mirrors world of the ‘LBMA cartel’, after allegations of global silver price fixing playing right into the hands of member banks.

The London wholesaler provides an update on the 27th December BIS Options expiry position, revealing the wayward speculators staring at severe losses and gives an insight into the major market catalysts in 2023.

Full episode: https://youtu.be/zZvGHK7Wlus

Hello everyone, especially all LTH.
The sorry state of our world in general and the dire and depressing and state of the UK which has in the main been brought about by several decades or more of policies of greed and lies by previous, and especially our present unfit for purpose UK government is very depressing to say the least, and sadly with little hope of improving any time soon, indeed I can only see things getting much worse or at least for the foreseeable future!
So I have taken to diverting my attention to my personal life and other good causes to which I can hopefully help in some way to achieve their aims for the better!
This doesn't mean that I have forgotten my investment in Centamin, but despite the understandable frustration and impatience of some I have to agree with Dasut, we are where we in the main because of the cost of clearing up the waste left over from the Pardey & Co years of high grading for short term gain, which admittedly had a more than a good run, that is until the crack in the marketing gloss became all too apparent, just as was predicted was inviable in articles of 2015 & 2018, although this was denied by the company at the time!
As a result of the years of deception and lies we are now paying a heavy price and the reality of the situation has meant the only way forward its to clear up the mess in order to be able run the run the Sukari operation properly which should have been done from the start!
So in view of the past misinformation and deceit I sought the opinion of a well respected and indeed the only mining analyst who has ever been consistently right on their evaluation of the Sukari operation on the last Doropo update, which on first impressions seemed upbeat, although it seems that it lacks any real substance.
Over past months I have written to Centamin and Buchanan via the official channels on this and many other issues with all my contact details, but to no avail my communications have been stone walled!
So my compliments and thanks to Cowichan for all his efforts to get answers, it seems a great pity that this is the only way to get any response, that said Centamin IR has now resorted to blocking his Likedin feed which in my view is suspicious and will be counter productive,it most certainly wont do anything to promote trust in the company!
Re Doropo pre-feasibility study update
Without having access to a full explanation in a technical report it is impossible to comment from a position of knowledge.
A resource grade of 1.5 g/t Au using conceptual pit on the basis of a gold price is very attractive, but I do not know how the gold occurs. Is it in narrow, high grade lenses. or in a stockwork? What is the prospective strip ratio? Did they cut high grade outliers? Etc., etc.
What strikes me as very odd is the large difference in grade between Indicated and Inferred. What has confidence (i.e. the density of drilling) got to do with grade?
Regards,
Kees Dekker

Best Wishes
Tibbs

Hi Market,
You could well be right although neither of the candidates policies stack up under scrutiny ,
Sky News has hosted a live televised Q&A with Rishi Sunak and Liz Truss, as the Conservative leadership contest continues and party members prepare to decide who will be the next Prime Minister.
The wide-ranging ninety-minute discussion took in the cost of living crisis, the war in Ukraine, the NHS and more. We’ve taken a look at some of the key claims.
As part of Full Fact’s coverage of this event and working with the Sky News Politics Hub to share our live fact checking.

https://fullfact.org/news/sky-conservative-leadership-rishi-sunak-liz-truss/

History’s Biggest Credit Bubble Bursting at the Seams Feat. Bill Holter
https://www.youtube.com/watch?v=PDT9GhkDJds

https://www.omnicalculator.com/finance/inflation

Andrew Maguire highlights the possible implications of Russia’s plan to create its own international standard for the precious metals market by establishing a local LBMA-competing brand.
With global investors growing frustrated over the unnatural capping of the gold and silver prices, the London wholesaler provides further evidence of the COMEX’s broken pricing mechanism.
https://www.youtube.com/watch?v=XZp8XU8AkzM

Hi Mr Gnome,
Its older powerful world leaders like Putin, Trump and the big multinational energy companies who ought to have more sense, but instead refuse to accept the substantiated scientific evidence being gathered and presented on a continuous basis that they need to change the way they do things now, but instead continue to poison our planet!

New data from the World Bank reveals that worldwide gas flaring rose marginally to 143 billion cubic metres (bcm) last year. That equates to roughly 93% of Europe’s gas purchases from Russia. Another way to look at it is that those 143bcm could have generated some 1,800 terawatt-hours (TWh) of electricity, almost two-thirds of the EU’s net domestic power generation, according to the World Bank.

If you add in the flaring of petroleum liquids and the venting and leaking of methane from oil and gas infrastructure, the amount of primary energy wasted by the oil industry comes to a staggering 264bcm of gas-equivalent – roughly 1.7 times Europe’s total Russian gas imports in 2021, or 7% of the entire world’s natural gas consumption.

https://www.energymonitor.ai/tech/decarbonising-gas/opinion-the-insanity-of-flaring-during-a-global-gas-crisis

UTW Now encourages you to have a positive local impact in any way you can.
No matter how big or small, your action will make a difference.
Just substitute an f foe the asterisk in your search bar
https://un*ucktheworld.net/

Plant a tree each time you search the web!

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Planting trees here restores desertified land to its former fertility, curbs violent conflict by creating employment, improves nutrition through agroforestry, and encourages communities to take charge of their future.

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How you can participate in Un**** The World Day
There are many ways for you to make a difference in the world.
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Hi Cowichan,
Mt Cranfield is just being honest and 'Not beating about the bush!!"
There needs to be more of this!

Sorry spell check error below should "before the damage greed and selfishness of past generations have caused to our planet is irreversible!"

Hi Mr Gnome,
Unfortunately the problem remains that not enough is being done soon enough and as Sir David Attenborough rightly states time is fast running before the damage greed and selfishness of past aberrations have caused to our planet is irreversible!

Spoonington, the young lady is actually Swedish and certainly far from silly!
You might care to learn about Greta?

Thunberg has received support from climate activists, scientists and public figures.

Broadcaster and naturalist Sir David Attenborough told her she has achieved things many others have failed to do, adding: "You have aroused the world. I'm very grateful to you."

Prince Harry praised Thunberg's campaigning, saying "every country, every community, every school, every friendship group, every family needs their own Greta".

Alok Sharma, the president of the COP26 summit, has said that Thunberg's UN speech in 2019 had made him feel "really uncomfortable" because it held up a "mirror" to his generation.

But not all politicians have been as complimentary.

Donald Trump tweeted that she should "work on her anger management problem" while Russian President Vladimir Putin described her as a "kind but poorly informed teenager".

Greta Thunberg: Who is the climate campaigner and what are her aims?
https://www.bbc.co.uk/news/world-europe-49918719
Greta Thunberg named Time Person of the Year for 2019
https://www.bbc.co.uk/news/world-europe-50740324

Conservative party - former Downing Street spin doctor, and former adviser to BBC rival GB News - now sits, acting as the arbiter of BBC impartiality."
https://news.sky.com/story/emily-maitlis-refers-to-tory-cronyism-at-heart-of-the-bbc-in-edinburgh-tv-festival-lecture-12680676

Well done and good luck to all the Greek people for the future!
Greece on Saturday concluded 12 years of European Union fiscal surveillance that was imposed in return for bailouts after a crushing debt crisis.
https://www.france24.com/en/live-news/20220820-eu-fiscal-oversight-of-greece-ends-after-12-years