Member Info for mrtibbles

22 Apr 2022
Ep 70: Live From The Vault - Russia and China’s plan to reintegrate gold and silver as money

In this week’s Live from the Vault, Andrew Maguire continues to educate viewers on the paper vs physical market battle, listing all major driving components that might ultimately lead to the gold price reset.

With gold being used as money to purchase energy and commodities, the lifelong wholesaler explains Russia’s and China’s strategy to control the global price for physical gold.
https://www.youtube.com/watch?v=j01xu4p_QtE

*The opinions expressed in this video of Andrew Maguire and any guest

Friday, 4/22/2022 13:12
GOLD PRICES headed for the lowest weekly finish in April so far on Friday, trading more than 3% below Monday's 6-week high after Federal Reserve chief Jerome Powell said the US central bank is likely to raise its key interest rate by half-a-percentage point in its May 4th monetary policy decision.

Ahead of London's 3pm benchmarking auction, the price of gold slipped to $1935 per ounce as the Dollar Index – tracking the US currency's exchange-rate value against a basket of its major FX peers – rose back towards this week's 2-year highs.

Silver prices meantime extended yesterday's slump, briefing dropping as low as $24.06 per ounce before rallying by 30 cents.

That marked a new low for April, more than 8.2% below Monday's 6-week high.

https://www.bullionvault.com/gold-news/gold-silver-042220221

Well said Lodan, everyone has bad days and indeed say things out of frustration that in hindsight they regret, but then the measure of them is whether or not they make the effort to act honorably by acknowledging their out of character behavior and offer an apology.
So big respect to you for your honorable behavior and also to Cowichan for his understanding!

Tibbs

Thank you Sotolo for your optimism, we certainly need it !
It may just be that Martin Horgan is expressing his satisfaction that The turnaround strategy is going to plan , or even batter then planned in the time frame, lets hope so!

Hi Mr Gnome,
Just noticed a typo in the statement about Pardey that you posted, I have corrected it below!

Adrew Pardey also served as General Manager Operations at Sukari before his previous appointment as Chief Operating Officer in May 2012. He was a major driving force in bringing Sukari to near ruination in 2020 by have failed to instigate appropriate good mining practice and instead glossed over the true facts by instigating a risky operational procedure of high grading from 2014 for short term gain until a big crack in the pit wall exposed the folly of Andrews ways and he had to do a runner!

Hi Mr Gnome, Pardey has undeniably proven himself to be an inept director and mining professional, but exceptionally adept at being a deceitful toerag completely devoid of all the required attributes to be fit for post!
Similar to our UK prime minister Johnson!

Well said dealts, Cowichan is indeed one of the most sincere,genuine and caring people I have ever known!
In addition considering Cowichan's professional knowledge with his commitment to detail and the full acts I would be delighted if he were appointed as some representative on the Centamin board!
Indeed his growing circle of relevantly professionally qualified individuals from senior to junior levels who are keen to enter into debate on very relevant complex issues and then freely exchange or offer information is amazing to say the least!
I have no doubt that some of these professionals would get on very well with Dasut as I feel certain they would hold in high regard his previous industry experience and certainly his knowledge of Sukari!#
Moreover your comments,opinions and support are held in high regard and greatly appreciated by me, and I am sure by Cowichan!
Best
Tibbs

Lodan,
You are quite wrong or should I say certainly have the wrong impression about how seriously Cowichan 's posts are regarded by the Centamin CEO & BOD.
There is no point me trying to convince you of that, you believe whatever you want!
However that said you really have no idea of the man behind the handle"Cowichan", if you did then you may care to hold him in higher regard and afford him the appropriate respect.
Although it seems that you would prefer to criticise others who are doing proper research and trying to act in the best interest of all share holders, even those who can't be asked to do anything other than snipe on internet forums!
I fully agree there are certain market sensitive information, or embarrassing facts that Centamin are prevented from, or in the case of the latter would prefer not to release into the public domain and likely never would, if it were not for share holders like Cowichan who has every right to ask whatever he chooses, something that has been acknowledged by Centamin from the very top!

Happy Birthday Market!
Your birthday happens to be on "World Earth Day"
https://www.earthday.org/earth-day-2022/
https://earthdata.nasa.gov/learn/articles/earth-day-2022-campaign

Sam Lees's "Garden Of England" (SeedsOf love" seems rather appopriate!
https://samleesong.co.uk/garden-of-england-official-video/
The autumn woods are one of the most visually stunning & sensorial places imaginable. There was no question of where else to dream into to make the first film for Old Wow. If there ever was a Garden Of England the Ashdown Forest is it. Seeds of Love and seeds of songs to come. official music video for The Garden of England (Seeds Of Love) taken from the new album, 'Old Wow', out now: https://slee.lnk.to/OldWow

Jacques Brel - Les Marquises
Monsieur Brel, is at his top level when he sings this magnificent song, and listening to it we want to follow his path, and live his passion!
This song is a cry of hope as he says 'This is where it all begins' and it is on an island that he will have left us. Note a successful score and orchestration in perfect harmony. François Rauber certainly has something to do with it.
https://www.youtube.com/watch?v=YwbpFI2JeRE

Hope you have a really lovely birthday and enjoy a few "Tots!"
Keep well and of course popping in!
Best wishes
Tibbs

Hi Paul,
Oh I take your point,
You might be surprised to know just the circles that the man on the train moves in and the chap I meet in the pub has always been of the same opinion about EMRA, but the posts by Rebess & Miz reminded me.
Siko is a very decent chap to say the least and you would be very surprised if you knew the identity of the the person who told Siko that the good times were coming because they were certainly in the right place to know, I certainly believed it,but there you go things change.
As to politics well like it or not they are relevant to everything in life and the difficulties the UK is now forced to endure in is because the ill informed,ignorant and inward thinkers chose to believe the lies spouted by Boris and Farage .
I see nothing wrong in posting information on past issues that are still ongoing regarding Centamin in 2014 because new investors need to understand the ongoing long term effects and repercussions that many of these ongoing and unresolved issues still have on Centamin.
I always state that they are a re-post and give the original date of posting,if people can't be bothered to read relevant history about the company they think they are going to make a quick profit out of then they possibly shouldn't be investing in it.
All us long term investors have been let down by people whom we thought had professional integrity but they didn't!
Some of us are frustrated and annoyed at having a lying toerag of a prime minister with cabinet of greedy self serving stinkers with the morals and attitudes of the 18th century running our country whilst Putin carries out Nazi acts of aggression on the innocent decent people of Ukraine which doesn't make any decent person feel any better!
But rest assured there will be no more information offered to me in good faith or even just hearsay from other parties on here , that is the safest option given the circumstances.

Well there you go, a kick in the crotch at the end of the day , Rebess was right this goes from bad to worse every time there is a presentation!
Well there we go, so much for the analysts forecasts and notes of £1.40 targets, etc!
Well my note is Target price -yet to be determined by when we get a BOD who are fit for post and some actual measurable results rather than pie in the sky estimates from analysts who know as much about whats going on at Sukari and other West African projects as the automatic check out at Tesco Express !

Quite so Cowichan,
If you wish let me have the questions you want raised via the usual channel and I will take them up with you know who to see if we can get you some answers.

paulmetcalf
It's easy to criticise or be sarcastic of any information offered, with that in mind I shall certainly a disclaimer on any future post
But any information in the past I have posted has been offered in good faith and its for you and the others to decide whether or not to take any notice, I would have been delighted to have been able to warn everyone about the crack in the wall, most Centamin investors I know were of the opinion that the share price would fall back to around £1.60, Martin Horgan would issue a statement and the rectification would take a year or so to get things back up to speed.
However at that time the man on the train did say the word was that although a quicker fix may be possible it may not be the best or most reliable option for the long term, so it was a case of have to wait and see what the new man went for, that said no advice one way or the other was offered, or whether to stay in or get out, not that there ever was in the past, so I made the decision to stay, wrongly it would seem at present!
The man on the train was a useful source of confirmation on certain issue such a when the court case started up and there were all sorts of rumors concerning the legality of the 160 sq km and other operational/contractual issues , so no he weren't right all the time about all issues ,but then who is and any source of information are dependent on the accuracy of the information given to them and that like anything else can be subject to change.
Actually Kees Dekker flagged up concerns in 2015 prior to and almost correct to the month of 2018 when Andrew Pardey issued the next RNS of hitting unexpected low grades, etc , etc .
Unfortunately, but understandingly I suppose I chose to believe what a senior director was telling the share holders in preference the opinion of an independent, but highly experienced analyst, I made the wrong choice as did others, but Kees was spot on, although that said how many mining analyst get it right all the time, certainly not most of those giving opinions on Centamin it seems, how many of them when the share price was £2.30 were predicting £2,90 were aware of the state of the Sukari open pit until the wall cracked, so they all got it wrong, with the exception of Kees!
The friend from my local isn't offering advice, he is just repeating hearsay of what goes around the the market he deals in, but that said he isn't alone in his opinion on EMRA.
The man on the train said to me a long time ago that neither EMRA or the Egyptian government had ever put a single bean into Sukari and they never would, but they would take their cut and some, seems Dasut hit the nails on the head there in his reply to Cowichan!
There is lots that I could post on here, which some are already aware of, however I take the point its best not to post some information in an open forum in case things don't materialise as envisaged
*Please note This post does not offer or constitute any investment advice.

Hi Dasut, thank you for your thought and opinion on these issues, you know the business far better then we do, not a perfect scenario by any means, so what you are saying seems to make sense,

Hi Cowichan,
I think it's pretty obvious what ever Centamin team there was they weren't that good at whatever they were doing. possibly not their fault if the senior managers were too busy covering their own ars(e's to show any interest in the staff then things soon go downhill, certainly did at Sukari!

Hi Cowichhan,
Well after the mess that has been allowed to develop at Sukari and the dire state of things on site then it makes sense to have some staff who know what they are doing, can't really blame these professionals if they are offered a better package and there is no doubt they are needed.

Hi Rebess & Mizolgit,
I have to concur with you both, a pub contact whom I have known for a number of years a senior director in a services and supplies company whom has clients all over the region I usually see about once or twice a month, he has always been of the opinion there will never be a takeover by another company because EMRA already has the controlling interest,also he has always been of the opinion that EMRA couldn't care a jot about the court case because as far as they are concerned there is no court case!
He also said that it was a pity that they didn't have some of the new appointments at Sukarui five or six years ago because under the previous lot the staff were just left to do whatever they thought best and the only time any interest was shown in the site staff and the contractors was when there was a balls up or it was getting near to quarterly results time and then it was a case of fudging things to get the numbers up!
Seems now that Pardey & the El Raghy's were just "Bull****ters!", although the Jersey BOD obviously just carried on watching Seagulls and taking their handsome remuneration packages!

Thank you Dasut,
Do you feel then that Cowichans outstanding queries were then adequately covered or addressed in today's questions on Batie ?

Well done Cowichan keep it up, at least you are getting more answers than Centamin are willing to offer !

Hi Cowichan,

Mr Bond is spot on, it has to be said,, but also you are also right in your summing up of today's announcement, but to be fair and as Sotolo, Tornado and others have previously mentioned it was to be expected and this year is going to be challenging to say the least.
Also from our past experience of when this share price is on its ar(se and especially as it is free of stamp duty it is an obvious choice for the short term day traders and shorters!
I appreciate some will say “The past is past”, however I am not alone in thinking that had Kees Dekker’s concerns been taken seriously at that time then we wouldn’t now be in “The Last Chance Saloon” and Capital wouldn’t be trying to dig Sukari out from under a decade of spoil!
My sincere thanks to Matin Horgan and his new team for all their efforts thus far, but this situation is very different from all the other previous so called unexpected occurrences of the past in that it’s not just a crack in the wall, this time the writing is on the wall!, the trust is gone and the sacred cow Sukari hasn’t just been milked by the complacent or complicit Jersey BOD and the self serving Pardey, El Raghy family and EMRA, it’s been totally slaughtered!
Today's expected depressing presentation confirms that the company is in dire straights and the Sukari situation is even worse than previously feared so if any recovery is to be achieved in the previously predicted timescales it will be nothing short of a miracle, but then I suppose we have to live in hope that Martin Horgan can deliver such a miraculous turnaround and in the absence of any more positive news that really is all we have at present!
Unfortunately if that were not bad enough it becomes ever more apparent that that the BOD & NED's oversight and financial management of the West African projects has been possibly even worse than their oversight of the Sukari operations resulting in the squandering of hundreds of thousands of dollars for no return or benefit of any kind and meaning that the company now has to resort to cutting the divided and taking on debt or line-of-credit and the process was originally slated to be complete in June, but it is now to be more like August, although no reason given for the delay, that raises red flags, Why the holdup? Why mention it?

It seems that Martin Horgan certainly has his work cut out!