Member Info for mrtibbles

Many a true word spoken in jest Mr Bond!
I wouldn't be at all surprised to learn that some are already putting rumours about to discredit him for expressing such conspiracy theories and being anti American by exposing too much to potential aggressors!

Spot on Mr Bond, don't come any better than Cornish bred miners!

Hi Halfpenny,
I have a pub friend who works in a mining related industry in Egypt and they get to hear some of whats going on at the sharp end at Sukari as it were.
I don't want to drop anyone in it and obviously this is only what I have heard word of mouth and in good faith, it seems that the previous at the pit face/open pit crews were to say the least certainly not as well managed or incentivized as they should have been and most certainly failed to exploit the riches/reserves in certain areas of Sukari as well as they should have done, and completely missed some!
Since the new management took over the true future and indeed what was overlooked in the past is becoming ever more apparent and hopefully bodes well for the future.
"One that has been swept under the carpet was Cleopatra and the money spent there and why Ross jerrard is still there.?" highlighted in the past by Cowichan
It seems that certain top level employees agree with some of the issues Cowichan has raised in the past (such as the suppressed HiSeis 2D survey, etc) there must be good reasons to question what has been going on at Sukari in the past .?
"Sukari is supposed to be a teir 1 asset and agree it's not the best team to run the asset, there senior management tab on there web site is testament to that
Off site overheads are high as compared against there peers although there official office is in Jersey there is a satellite office in London.
Martin Horgan can sell ice to Eskimo's, he talks the talk, but does he walk the walk, that said with in excess of 10 expatriate staff from Barrick he seems determined to bringing in the much needed expertise and enthusiasm to deliver on his stated objectives!

EP.67: LFTV - Gold traded for Russian Oil? Paper market left behind. Feat. David Tice

In this week’s Live from the Vault, Andrew Maguire is joined by gold and silver mining stock expert, David Tice, well-known for founding and directing the Prudent Bear Fund (BEARX).
The two precious metals advocates weigh in on reports of Russia trading oil for physical gold, an economic shift with the potential to turn the paper market on its head.
Timestamps
00:00 Start
02:30 David Tice - Who is he and what is his background?
04:30 The Treasury yield curve inversion. What's going on?
05:25 Gold and silver mining - Why is Dave such a big believer?
07:30 Starving commodities. Russia is using gold to escape sanctions.
10:50 A word about paper, physical and stagflation.
12:15 Discounted Russian oil being traded for physical gold
14:50 The dissolution of the petrodollar
16:00 David loves silver in his portfolio!
17:00 Physical silver squeeze - is it possible to happen?
21:12 WallStreetSilver and the SLV Short Squeeze in February 2021
https://www.youtube.com/watch?v=bj9LfsuZEWk
Watch David Tice’s new documentary - GRID DOWN, POWER UP: https://youtu.be/KwBY90a997o
Or, visit https://griddownpowerup.com/

I shouldn't need to point this out, but for the sake of some please note-
"The opinions expressed in this video of Andrew Maguire and any guest,"

Let's hope so halfpenny!

Hi VonMoltke,
My wife's mother had a grandfather who held a commission in the Prussian cavalry and we also had an artist friend Elke who was of Prussian descent.
Anyway I wouldn't worry about nationalisation because the Egyptian government EMRA is already in a legally binding partnership(enshrined in law) with Centamin regarding the Sukari operation.
Also the Egyptian government is keen to reassure international investors that Egypt is a safe and stable country to set up business in, which is on e of the main reasons why the new mining laws were adopted.

Hi Tornado,
Fair comments indeed,
I recall a very down to earth factory superintendent my immediate boss at the time and at our weekly production meetings he would sometimes refer to his loft of racing pigeons saying how much he cared for them and how he always fed them the best corn, but then on occasions Lou would sometimes refer to some of the shop floor operators as not being worth their corn and that if they didn't improve then although we didn't want to do it we would need to wring some necks!
I am of the opinion that this is the case with our BOD & NED's!

Hi Sunshine,
It used to be more positive, but unfortunately after a narrowly averted open pit wall collapse forced the disclosure of several years gross Sukari mismanagement and the way that share holders trust had been taken for granted and then betrayed by the senior management positivity amongst share holders tends to be in short supply!

Research shows that quality and value are two powerful drivers of stock market profits. After the economic turmoil we've seen over the past year, it's possible that these two factors could have an influence on the Centamin (LON:CEY) share price.
For contrarian investors looking for shares that are being overlooked by the market, quality and value are vital clues. Academic studies show that good quality, cheaply priced shares can deliver outperformance on average over time. While no stock is immune from a sudden setback, focusing on quality and value are used by some of the world's most respected investors - from Joel Greenblatt to Warren Buffett.
The Centamin share price has moved by 1.16% over the past three months and it’s currently trading at 88.6p. But what's interesting about this share is its potential exposure to those influential profit drivers of high quality and a relatively cheap valuation.
Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. Profitability is important, but so is the firm's financial strength. A track record of improving finances is essential.
One of the quality metrics for Centamin is that it passes 5 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.
Fair price
While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield.
Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.
A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Centamin is currently 14.1%.
In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound.
https://www.stockopedia.com/articles/why-shares-in-centamin-may-be-able-to-withstand-economic-turmoil-266930/
https://www.stockopedia.com/share-prices/centamin-LON:CEY/?aid=266930&tid=1203&bid=553&sid=58191&ticker=LON:CEY&cta=inlinebutton

Lets hope so Lodan!

Fair comment , nor when after the true state of Sukari was exposed it crashed down to £1.70., then £1.30ish and then slithered down to 88p!
Unfortunately it will take a bit more truth and proof this time to propel the share price toward to those levels again!
Here's hoping!

Hi Mr Bond,
Couldn't agree more!
As you say a terrible 3 years in so many respects!

Really can't be bothered to watch this lately because there seems no point as he company and the share price have been so well and truly buggered, in fact as a result of past professional complacency, ineptness and deliberated deceit by certain senor management the company and share price have been knocked back over half a decade!
Until there is some tangible evidence that things have changed then we are going nowhere. the share price will just bob up and down with the POG .
Centamin in many respects is stuck in a limbo from which its escape is dependent upon Martin Horgan's future announcements of the right news, supported by the right evidence being released at the right time!

Thank you for your thoughtful response, I am certainly no expert on trading tactics, but you raise some valid points that warrant some consideration it would seem.
We can all learn from others experiences on lifes journey in all walks of life!

Tibbs

vonMoltke,

This forum has always and still is open to everyone, obviously something as awful as the Ukraine issue is going to ignite and influence a wide range of different emotions and opinions amongst a wide range of different people which will inevitably feed into a wider hopefully free open debate in all sorts of mediums, possibly even this one.
This forum is, and has always been quite different in many ways that make it stand out from most others that I have experienced, that said I don't think anyone and certainly not Sotolo is trying to bullying you or drive you away, it's just that the basis of the subject matter may well have evoked some sensitive emotions on the part of those involved.
There is a growing opinion that the idea that stock markets and traders should be allowed to operate in isolation and take no responsibility for irresponsible selfish actions that profiteer from causing pain, destruction and suffering to the rest of our planet and its inhabitants as a whole is no longer acceptable!
Our governments, our central banks and indeed in many instances the greedy self-serving and short-term thinking/actions of stock market trading rooms/traders need to be held up to account and that they must take responsibility for the overall effects of their actions.
Your point regrading investors responsibility to carry out due diligence seems fine in principle; however due diligence can only be as effective as the basis of the information made available to those carrying it out!
Unfortunately, the information presented to investors and indeed the markets is all too often not the full pertinent facts, inaccurate, less than entirely truthful, or even just purposely deceitful!
May I suggest that if you intend to stay in Centamin that you research back to some of the statements and reports (2015 on) presented by Andrew Pardey & Youssef El Raghy which may well explain to you why Centamin is where it is today.

Agree with you entirely Sotolo, well said!

Quite agree Mr Bomd, that said some people need to read the disclaimer at the bottom of media posts and broadcasts.

It seems that at long last and hopefully in the nick of time Martin Horgan has brought about a much needed sense of urgency and purpose in the Centamin forward strategy!
If Andrew Pardey had been more professionally capable, or had any sense of personal integrity instead of trying to discredit the now clearly justifiable concerns and criticisms of analysts like Kees Dekker and some of the share holders from forums like this Centamin would be in a very different place today!
It beggars belief that such deceitful behaviour,lying,professionalism incompetence and/or ineptness on the part of Andrew Pardey and the obvious laziness and unsuitability for post of the previous Sukari general manager was tolerated for so long!
We should not underestimate the tremendous efforts put in by Cowichan and other share holders behind the scenes over several years in helping to expose what was going wrong and bring about change for the better!
Tibbs

Russian Sanction Blowbacks Will Drive a Physical Gold Revaluation

In this week’s Live from the Vault, Andrew Maguire analyses the blowback effect of freezing Russian assets on the precious metals market and the connection to a significant gold uptake we’re currently witnessing.



As the physical gold demand is getting off the scale, the London whistleblower investigates the Central Bank’s race to repatriate gold reserves.
https://kinesis.money/live-from-the-vault/

Good points Cowichan,
The senior managements previous policies of lethargy & complacency have no place in Martin Horgan's forward strategy !