Member Info for mrtibbles

Seems very prudent, the company exchanges short-term additional investment for longer-term flexibility, might be regarded as "Making hay while the sun shines!"

In all after these updates Centamin does really compare well to its peers by continuing to pay dividends and still managing to invest in sustaining production!

After doing some research over the past days re this RNS-

A gold operation with a feed grade above 1.5 g/t at a strip ratio of 5 should do well as the mining cost of US$3.0/t for contract mining is believable!

Although the Capex forecast seems low when considering the plant alone should cost some US$230 million although that said investors never use discounted cash flow, but value companies more generously, so barring any unforeseen problems this should be good!

Wouldn't touch HUM with a bargepole!

Not in the same class as Centamin!

Mr Bond,

I have never disputed that physical gold wasn't replicable, however that gold is variable in value which is influenced by various factors including the American ruling presidents political agenda.

So it seems pretty obvious that the outcome of the US elections has a great deal to do with the value of Centamin.

Agreed Autonomy!

Mr Bond,

You seem to have misconstrued my post for whatever reason, or possibly then you are a climate change sceptic?

You seem to be somewhat confused and demonstrate conflicting views dependant on to whom you are replying regarding what is relevance and on the influence the FED, Wall Street and indeed the policies of a new president may have on the POG and subsequently Centamin?

Then if you doubt this correlation between what is happening in the USA elections and the value of Centamin then it seems you are implying that the US data releases such as NFP,PPI, bond interest rates, FED monetary and US foreign policy which are featured on a hourly basis on KItco, Bullion Vault and other financial media and which are referred to by LSE forum members and investors to assist in making their trading decisions are really of no consequence!

Possibly though your eagerness to aim insults and vitriol towards me has caused you to unintentionally contradict yourself.

Hi Mr Gnome,

If Mr Trump should be elected then it will certainly have a detrimental and damaging effect on all the work that has taken place so far in trying to address the effects of global warming.

Trump might be good for gold but at the expense of our planet and of future generations is far too higher price, surely anyone who can support the Trump manifesto must be as narcissistic and greedy as he is!

Many commentators have argued that Donald Trump’s dominance in the GOP presidential race can be largely explained by ignorance; his candidacy,after all, is most popular among Republican voters without college degrees!

Their knoledge about current affairs is too fractured and full of holes to spot that only 9% of Trump’s statements are “true” or “mostly” true, according to PolitiFact, whereas 57% are “false” or “mostly false”—the remainder being complete and blatant “pants on fire” untruths!

More than once Trump himself has declared: “I love the poorly educated.”

One psychologist who has studied human behaviour and including voter behaviour for decades concluded that there was something deeper going on, that being it wasn't that voters were too uninformed, it was that they don’t know just how uninformed they are!

Citizens for Sound Money movement, critically examine global Central Bank Digital Currency (CBDC) projects and issue a powerful call to action for today’s youth.

https://www.youtube.com/watch?v=WjBRsvtbMWg

Baby Donald wait till the end

https://www.tiktok.com/@babytrump2020/video/6830188769027673349?lang=en

Hi Rebess, absolutely agree with you thinking, its very easy to make bold statements and take chances with other peoples money whilst drawing a handsome remuneration package, but this doesn't demonstrate that the BOD have ant confidence in the strategy they want everyone else to believe in

The recent rises in share price are just a consequence of the rise in the POG, not market confidence in the company strategy

Seigniorage?

Seigniorage refers to the difference between the face value of the currency and its production cost. It is the profit generated by a government or central bank by printing and issuing currency. Seigniorage is a major source of revenue for governments and the central bank of every country.

Understanding Seigniorage

Suppose a government produces a paper currency bill with a face value of $20 the cost of producing this paper currency bill is only $2, including paper, ink, and printing.

So the remaining $18 is the seigniorage revenue that the government earns from producing each paper currency bill and putting it into circulation.

The government uses this central bank’s revenue to meet its expenses, issue funds for infrastructure projects, buy government securities such as government bonds and treasury bills (T-bills), etc.

Centamin plc

("Centamin", "Group" or "the Company")

LSE: CEY / TSX: CEE

EARLY COMPLETION OF 120MT CONTRACT waste stripping programme

MARTIN HORGAN, CEO, commented: "Capital Ltd has delivered an excellent performance, resulting in early completion of the volume component within the four-year fixed contract term, while also ensuring safety and efficiency throughout the waste mining project.

Having successfully completed the 120 Mt of waste stripping ahead of schedule we intend to leverage the Capital Ltd fleet until this September. This additional capacity will support the construction of a new dump leach pad, as well as facilitating the early completion of limited waste stripping scheduled for 2025 ahead of the delivery of the new 785C dump trucks. The net result is expected to be a small increase in total open pit material mined above the planned annual volume for 2024."

HIGHLIGHTS

●

Completed 120 million tonne ("Mt") volume component ahead of the fixed four year contract term having started in January 2021. This has enabled us to further retain Capital Ltd to mine up to 10 Mt of waste until September 2024, with 2 to 3 Mt being incremental to the planned total annual volume at Sukari, equating to a 1-2% increase.

●

Dump leach expansion. Up to 3 Mt of the volumes allocated to Capital Ltd will be used to divert part of our fleet to accelerate the construction of a new dump leach facility, expected by mid-2025. The dump leach facility will initially add approximately 5,000 ounces per annum for four years, with potential for further expansion under evaluation.

●

Additional work will be allocated as follows; 4 Mt will supplement the owners fleet waste mining capacity ahead of the delivery of five new 785C dump trucks. The remaining 2 to 3 Mt will also be allocated to waste mining to fully utilise the remaining Capital Ltd fleet capacity.

●

Guidance remains unchanged. Any updates to made in combination with H1-24 performance during the upcoming interim results.

Thank you Larry,

Also reported here https://egyptoil-gas.com/news/centamin-reaffirms-commitment-to-egypt-amid-promising-investment-climate/

Come off it Goldgnome, what do you want a bunch of "sheeple" on here who are so afraid of the possibility that anyone who encourages others not unquestionably swallow the same old company rhetoric and sales spin we've had for over three years now might be too much for Centamin and cause the share price to crash!

Look where choosing not to question the company in the past got us, many hundreds of millions of dollars down the lavatory and a huge clear up that is still not completed with a share [price in the bottom of the bargain bucket with a piffling dividend !

When it's justified, that being sustained actual delivery of the predicted guidance and a more respectable AISC bringing about an increase in share price with a reinstatement of a respectable dividend only then will I accept that the recovery has taken place.

Anyone who thinks that any opinions expressed on forums like this has any effect on the share price or influences the company in any way are deluding themselves.

However Cowichan's posts on LinkedIn however are read by a far greater number of informed participants from the industry and so are taken far more seriously by the company , so possibly some on here would do well to participate in those.

Thank you for the explanation,

As I long term shareholder with a considerable holding I make no apologies for expressing my views and opinions and will continue to do so.

I understand that Martin Horgan is an experienced mining engineer, I should think so too considering he is the CEO of a gold mining company.

Far too many mining companies CEO's still make unrealistic predictions and promises to potential investors and far too many supposed responsible junior and even large international mining companies continue to exploit and pollute the worlds limited resources with the aid of corrupt governments who car not a jot about anything other than filling their own personal pockets at the expense of the people they are supposed to represent.

Having been lied to in the past though by his predecessors I am unwilling to look at things through the rose coloured spectacles now!

I'm not disputing that miners may experience unforeseen events and in my opinion Centamin shareholders have been more that understanding about such issues and willing to give the benefit of the doubt on numerous occasions.

However on far too many occasions Centamin shareholders good natures were taken for granted and they were deceived, I accept that mistakes can happen, however I expect to be told the truth!

Far too many stock market brokers and traders try to claim that they are just trying to make a profit and so avoid considering what implications their combined activities of pumping and dumping or churning the indices may have on our planet or the livelihoods of other innocent communities and individuals the world over.

Cowichan is a decent chap, possibly a little head strong at times in his enthusiasm to get answers, but that apart he has contributed a great deal to this forum over the years and far more than some of those who make the unwarranted and spiteful remarks towards him.

So I await the next quarters update and will respond accordingly depending on the details disclosed.

I should assume with the POG on the rise then any miner that isnt making a respectable profit must be being managed pretty badly to say the least.

Thank you Cowichan,

So what's new, we've heard all this before at the previous conferences!

https://egyptoil-gas.com/news/centamin-ceo-projects-5-million-ounces-of-gold-extraction-in-egypt-over-next-decade/

Goldinvestor,

In case you aren't aware Centamin doesn't need to build links in Eygpt , the links have been established since the 1990's

Didn't rubbish the company, just pointed out that this isnt the first time and its not usual for Centamin to sponsor the event, possibly because its the only established producing gold mine in Eygpt!

Goldinvestor,

In the past I was accused of being too optimistic about Centamin after I passed on formation I was given by a well informed contact in good faith but then unfortunately things didn't turn out as as hoped.

Long term holders and those who have been through the really difficult times and held respectable respectable numbers of shares weren't the ones that complained,in the main though it was usually the day traders and CFD day traders and other free loaders who had never ever taken the trouble to provide any information themselves but were were hoping to be able make quick profit who did most of the complaining!

On past experience of being invested in Centamin U/T at the end of the day are just a matter of course and have no effect on the share price, although it is pretty obvious that the rising POG has been fortunate to say the least.

Writer Ruth Ben-Ghiat draws parallels between former President Donald Trump and Benito Mussolini's founding of the Fascists in Italy.

https://www.youtube.com/watch?v=G5NSXOcPJRQ