Member Info for mrtibbles

Rebess I'd trust them as much as like I would trust a rattle snake in a lucky dip!

Quite so Cowichan, possibly they would like to embark on something that they would never actually take to completion?

Sorry typo in first paragraph below $100,000 should read $100 million!
Possibly wishful thinking on my part, so angry and dismayed that I still find it hard to comprehend just how much money has been chucked down the lavatory by the Jersey Potato Heads!

Absolutely correct halfpenny, but as we are now aware the problem has been that inept but deceitful mining geologist manager Pardey was incapable or never had any intention of developing such finds and although the BOD authorised over $100,000 expenditure rather than take projects to the next stage they walked away, or just let the licence expire!
So who can really have any confidence in the idea that that are now to seek finance to fund future acquisitions when they may not meet their strict criteria (Whatever that may be,who really knows?)may well be dumped with another write down!
Its no good expecting the funds like Black Rock to question the agenda of the Jersey potatoes heads because Black Rock have no moral conscience,or any integrity and the like of them don't give a sh*t, all they care about is trading the stock up and down as do many other other institutions whose managers and analysts obviously didn't have a clue about the pile of crap that Pardey, and Co had created and the Sukari mine was in danger of disappearing under!
Centamin has been ,and still is to a large extent run by a bunch of "Carpet Bagging" Jersey potato heads who for well over a decade now have been taking advantage of the good nature and trust of their shareholders!
So the comapny is supposedly gong to save $19 million a year from 2023, yet it has just wasted $100 million on Batie West projects and written off $27 million, whilst still sitting on its hands over $30 million of disputed fuel subsidy and still can't be asked to try to resolve an unruled on court case that has resulted in a market uncertainty of tenure of Sukari and a share price discount of over 20% since 2012!
https://www.proactiveinvestors.co.uk/companies/news/90811/centamin-valuation-suspended-by-rfc-ambrian-after-contract-for-sukari-mine-reportedly-declared-void-by-an-egyptian-court-36661.html
https://www.ft.com/content/c9aa1274-229f-11e2-8edf-00144feabdc0
https://www.cityam.com/centamin-soars-hopes-new-egyptian-law-will-end-court-case/
https://www.mining.com/no-end-in-sight-for-centamin-legal-fight-over-gold-mine-in-egypt-56904/
https://www.theguardian.com/business/marketforceslive/2013/may/15/centamin-egypt-gold-miner-positive-update?CMP=gu_com
https://www.centamin.com/media/2529/cent-ar21-full-web-secure.pdf
I fail to see how anyone can claim that the unresolved court case has no or little effect on the share price!

22.6K subscribers
In this week’s Live from the Vault, Andrew Maguire unpacks the Bank of Russia’s shocking decree, declaring the bank will accept only gold or gold-pegged Ruble payments for oil, energy and commodities.
The precious metals expert explains how Russia’s attempts at bypassing recent sanctions could trigger huge arbitrage opportunities, bolstering the Ruble’s value in the process.
Timestamps
00:00 Start
01:30 Recap on the main market drivers in the past weeks
05:50 The Nuclear Option: Three things forcing the gold revaluation
16:15 How do these developments value gold in the medium term?
25:20 GLD ETF under attack! How Basel III fits into the gold revaluation?
31:40 The connection between the silver and nickel market
40:30 Looking into the 2nd quarter of 2022

https://www.youtube.com/watch?v=9YIkmYsZq74

(As always please note- The opinions expressed in this video of Andrew Maguire and any guest,)

Quite so Cowichan and I hope that you will keep continue to hold the company to account via social media!

Thank you Cowichan for posting the announcements and your thoughts, you raise some relevant points.
I share your opinion on the ability of the BOD, I doubt they will notice anything has been announced for some time, they have seagulls to watch!
Lets face it from past experience the BOD move slower than the Egyptian judicial and the SCC system!
So I think its pretty certain that any negotiations will be left up to Martin Horgan.

Hi Halfpenny, I agree a buy rating is beneficial, my point was the analysts don't really have an in depth knowledge of work in progress at Sukari and it is now apparent that during the annalists Sukari visits in the past that the analysts weren't looking where they should have been or didn't ask the right questions, or perhaps they simply didn't realise that the site was being high graded and that it was in danger of disappearing under a decades worth of uncleared waste, just like the Jersey BOD who were watching the seagulls!
Although when you consider the value the analysts are putting on the company is barely what it was when stage 4 was still under construction and the repayment of CAPEX not to mention profit share was somewhere in the future, the share price was over a £1 when the first revolution was taking place in Cairo .
Yet even though there is the temporary increased AISC and profits are being split 50/50 the CAPEX has been repaid,no company debt, Sukari reserves life is better than previously estimated and underground grades better then expected ,solar soon to come on stream and there is the likelihood of some good Egyptian reserves being announced.
This company is making a profit and will no doubt make a lot more and yet the analysts come up with piffling targets of £1.20, well big deal!

Hardly sticking their necks out with such a ratings, what do these analysts really know about mining or what is happening at Sukari, not much more, if anything from the majority of share holders.
You can forget most of these ratings until here is some actual evidence of the progress at Sukari and some actual evidence of improved production and news on if there will be any further write downs or not, or any as yet undisclosed skeletons in the cupboard that the BOD were unaware of, then its pointless quoting the pathetic piddling estimates they are banding about on these notes, they are in short pie in the sky!
A good start would be honest answers to Cowichans and Dasut's submitted "Investor Meet" questions which for some reason they seem unable or unwilling to do!
Why don't some of these brilliant analyst ask such questions, quite simple they don't have any skin in the game and and they don't know as much some retail share holders on this forum.
So there you go Centamin BOD if you are reading this come on and be straight with the share holders or are you going to watch the seagulls instead?

Absolutely correct Cowichan,
I recall your past posting of what actually happens when a pit wall does collapse and it is most fortunate that the fault in the open pit wall structure was detected before any collapse might occur, thus saving life and limb, not to mention the company share price to a great extent!

Hi Langford,
In most respects although I agree it is an annoying/frustrating and indeed an unfair situation I have to agree in the main with the answer Prof has offered to your question.
That said though there is some deadwood/free loaders on the BOD who spent too much time watching seagulls out of the jersey window rather then watching what a mess was being created at Sukari!
Its hard to take in, especially when you consider that Sami El Raghy was making statements in the media that they had the best people at Sukari!
So was Sami unaware, didn't know what he was looking at, didn't look at all and believed what he wanted to hear from the Egyptian policeman in charge at the time, or was Sami complicit in the "Pyramid scheme , because like it or not that's what it was and why it narrowly avoided coming crashing down, and the reason why Centamin and us the share holders has to pay for the "Best" or most professionally capable people to sort out a bl**dy mess that should have never happened!
Just shows how much these so called mining analyst know who take part in the Webinars and then produce their notes, also despite visiting the Sukari operations how many of them ever questioned or mentioned any concerns over the way that the site was being operated, none!
Although never having visited Sukari and reliant on the information released the only analyst who ever raised concerns was Kees Dekker in 2015 & 2018 and Pardey tried to discredit those two reports!
Unfortunately in the past share holders good nature and trust was taken for granted and betrayed, not once but now it is apparent on a regular basis, each time the s*it was about to hit the fan Pardey/Josef/Youssef would manage to pull a rabbit out of the hat and calm things down, and all was well, until the next time, typical pyramid schema tactics!
So we have been shafted and we have the choice of either staying and hoping/trusting we won't be betrayed this time or selling out and possibly losing out if Martin Horgan is able to deliver on his stated aims, I hope he will, but it is one hell of a task sorting out a decade or so of crap and that's not just at Sukari!

It seems that some of the Centamin BOD are out of their depth, dead wood, in fact if they were racing pigeons they would not be worth their corn and their necks would be wrung!

Have to agree with Dasut and with you Cowichan!

Thank you Mr Bond,

https://www.kitco.com/news/2022-04-04/U-S-Mint-sees-strongest-gold-bullion-demand-in-23-years-sells-426k-ounces-in-Q1.html

https://getarticlestoday.com/us-mint-sees-strongest-gold-bullion-demand-in-23-years-sells-426k-ounces-in-q1/business/

Investors face a new challenge with an inverted yield curve sending a recession signal that is getting hard to ignore to pile on the inflation and war headlines. Against that backdrop, next week's release of the minutes of the last Federal Reserve minutes will be watch very closely for the line of thinking on rate hikes and plans to shrink the balance sheet. Economic reports of note due in include updates on factory orders, PMI prints, trade balance and jobless claims. Earnings nearly grind to a halt with another few weeks to go until Q1 reports roll in, but the conference calendar is active with a space symposium, cannabis gathering and large Bitcoin event all in the spotlight.
The price of crude oil has dipped below $100/barrel following the White House decision to release 180 million barrels of oil from the Strategic Petroleum Reserve - an unprecedented amount.

Central Banking
Federal Reserve breakdown: The week ahead features several speeches by voting members of the FOMC, as well as the release of the minutes from the last report. Economists will be watching for nuances around the discussion on the size of future hikes to the target of the federal funds rate, especially from St. Louis President James Bullard and other members of the hawkish side. UBS thinks the minutes will fail to reveal any consensus on the size of the May rate hike, but could tip off more openness for a 50-point move than anticipated. The discussion around the pace and structure of the balance sheet runoff will also be closely watched.

The Flareintel goal is to reduce and ultimately eliminate routine gas flaring. In 2021 flaring was responsible for 1.2 billion tonnes of CO2e, the equivalent CO2 emissions from over 260 million cars, equivalent to all cars in the EU.
Greenhouse gas emissions need to be halved by 2030 – this means mitigating 35 billion tonnes of CO2e by the end of the decade?. Ending routine flaring is technologically achievable in that period, but first there must be a credible, transparent and granular?global assessment of flaring – yes, flare by flare.
FlareIntel, launched in April 2021, is a digital tool that allows anyone to explore gas flares around the world. It tracks every gas flare globally via satellite by incorporating data provided by the Earth Observation Group at the Colorado School of Mines and other sources.
For the first time, FlareIntel makes it possible to see the scale, impact, and operator of all flares anywhere in the world.
FlareIntel was developed by Capterio, which provides gas flaring solutions for energy companies to capture flared gas, create value, reduce pollution, and improve reputation.
FlareIntel Free tracks every gas flare globally via satellite and incorporates Visible Infrared Imaging Radiometer Suite (VIIRS) Nightfire (VNF) nightly data produced by the Earth Observation Group – part of the Payne Institute for Public Policy at the Colorado School of Mines – and other data.
https://flareintel.com/flareintel-free

To: Boris Johnson

We, the undersigned, are concerned at this time of tension with Russia about the influence of Vladimir Putin’s regime in UK politics
We note that that the Conservative Party received significant amounts of money from Russian donors and their associates, including from people with apparent links to Putin’s government..
We note that oligarchs and officials from former Soviet republics with high levels of corruption have purchased more than £2bn worth of property in the UK.
We note that more than 200 Russian millionaires have bought their way into the UK in the last seven years, despite the government’s pledge in 2015 to stop corrupt oligarchs exploiting the system.
We note that parliament’s Intelligence and Security Committee’s “Russia Report” found that “Russian influence in the UK is ‘the new normal’”.
We note that the same report recommended that there should be an investigation into Russian interference in the 2016 Brexit referendum, something which has not happened yet.

The above points raise serious questions about the extent to which Putin’s administration - or people linked to it - might be able to interfere in British public life.

At a time when Putin’s administration threatens global peace, we cannot simply hope for the best. We call on you to immediately order an inquiry into whether or not money linked to Vladimir Putin’s regime is influencing UK politics.

https://do.opendemocracy.net/putinmoney

Gas/Oil/Energy true values certainly as finite natural resources have been taken for granted and squandered for political power and personal gain the world over by politicians indeed very much related to Centamin and the price of price of precious metals.
North Sea Oil.

Thatcher'sconviction' would have been nothing but folly without the North Sea's black gold. It was oil revenues that bankrolled the unemployment, the destruction of manufacturing, the high-exchange rate, the termination of British coal mining, and the big-bang that turned London into a capital of global neo-liberalism and pumped growth into the South-East in the early 1980s.
As North Sea Oil came on stream bringing in an estimated £70 billion in revenues, it turned the UK into an OPEC country, an oil-exporter, and it overturned a chronic balance of payments problem rooted in the post-war period of clinging to imperial over-stretch.
https://www.opendemocracy.net/en/opendemocracyuk/thatcher-and-words-no-one-mentions-north-sea-oil/

Hi Cowichan, nice update, can only agree with your conclusion!

Hi Bobliz,
Personally I very much agree with your opinion of Martin Horgan.