Member Info for mrtibbles

Hi Cowichan,
Thank you for your detailed reply, you raise valid concerns in the light of no offered evidence to the contrary by the BOD & NED at that time of their failure to carry out due diligence in the past before signing off projects that have turned out to be a complete waste of many millions of pounds to as far as we are able to ascertain achieve nothing more than an erosion of share holders trust in the professional competence or suitability for post of the responsible culprits.
That said however and considering the BOD & NED's complete dereliction of duty with regard to the proper management of the Sukari mine and the West African exploration projects then it is very difficult to have ant trust or faith in anything they approved or commissioned.
I think we can be pretty certain that the BOD & NED's are quite rightly embarrassed that their failures to execute their responsibilities as they should have done are now blatantly apparent!
My own view is that if they had any sense of honour then a walk outside into the blizzard to not return would be the right thing to do, but I doubt any of them have the integrity or courage to do so!
So that said

Hi Cowichan,
It is worth bearing in mind that market regulations do not require or stipulate that management has to disclose all and everything, but only items that are material.
Other wise they would flood the shareholders and public with notifications and interest in new ones will soon be lost, because it will be perceived as a waste of time.

Re 2019 Seismic survey opinion of mining analyst consultant
Early stage exploration is a very low success activity and one must expect that almost all efforts will be wasted.
Geophysical surveys are early stage exploration activities.
without knowing the geology where the seismics was applied, it isn't possible to understand why it was used in the first place.
Seismic survey is generally mostly useful where there is relative simple geology and in stratigraphy that is sedimentary.
Hence the use of seismic in the oil industry, however even then it is not a surefire method to identify oil traps!
On top of this, seismic is the Most Expensive geophysical method available!
Hence it should not have been used in the first place based on cost/benefit!
It seems the old Board was convinced by a smart salesman to try the method!
Is it wise to be trusting a seismic contractor, which clearly has an interest to play up the results, more than the company(Centamin) commissioning the work?

From this I can only conclude that the Centamin management has made the right decision not to forget the Seismic survey and move on.

Remember Cowichan there are always those who say "We should do this" when in reality they mean "We should do this, shouldn't you!"

Tibbs

inside source that Basel III compliance has driven a top-tier bank to unload the last of their unallocated gold contracts.

With the gold market ready to explode, the London whistleblower digs deeper into the BIS revelations, drawing even more focus to the smoke and mirrors world of ETFs, the last holdout to accept the NSFR rules.
00:00 Start
01:30 What is happening so far this year
06:45 A Little bit deeper into the ETF topic
14:30 The physical vs. paper fundamentals
16:00 Big Basel III revelation, Bombshell Information!
21:00 What to expect in the very short term?
24:50 What is happening now in the silver markets?
https://www.youtube.com/watch?v=yDkEsGF42zc

Sotolo,
AISC is a very flawed metric that can easily be manipulated and does not reflect the true cost of mining. See my article attached, which was published by Crux Investor as an “Analyst’s Note”.

- It is simplistic to believe that gold mines will be mothballed when they cannot produce at positive cash flow. There are a myriad of gold producers that have to go back to the market continuously for funding with gullible investors prepared to do.

- The AISC cost does not cover ALL cash outlays required to keep mining

The question was asked on the last Q&A call, and there is no change in dividend policy.
What that payout will look like will be decided nearer the time when Centamin announce the FY financials on 10 March 2022.

Sotolo,
Shareholders were all made of the reason that AISC would increase albeit in the medium term in order to make the necessary changes to Sukari for the benefits of the longer term.
I couldn't care a jot about HOC, it's a pile of poo in comparison to the potential prospects for Centamin.
As Dasut explained on several occasions there really is no alternative way of rectifying the results of years of bad mining practice than what Martin Horgan is doing now.
As Kees Dekker remarked with the new strategy Centamin investors can now just sit back and enjoy the dividends whilst the recovery takes place!
You really are worrying about things you have no control over,and its pointless, just wait and see, or bail out into some other mining company, but most likely they have their problems which they won't tell you about.

Bristow the typical narcissist loves himself and hearing himself pontificate even more on just how great he is !

Anyone who thinks that Centmin have poor at investor communications should try getting anything other than corporate baloney and bullsh*te out of Barrik, truly an awful company specialising in exploitation of employees, shareholders and the natural environment!

If there were M&A or takeover talks going on , and I very much doubt there are, then they would be subject to the usual market rules of disclosure, so much as we would like to know more sooner than anyone else it ain't going to happen until the regulations allow by the appropriate means.

Yes Bristow is 7% up as well , his own ar*se that is !

Dear friends,
We are Maasai elders from Northern Tanzania. Any day now tens of thousands of our community could be forced off our ancestral lands to make way for elite tourism and trophy hunting.
We urgently need your support.
The last time we faced these threats, more than 2 million Avaaz members rallied behind our call! Together, we created such a storm that the President promised never to evict us from our lands.
But now, there’s a new head of state and plans are being revived! President Samia Suluhu Hassan may not listen to us, but we know she’ll respond to media and public pressure – to all of you! She is in Europe right now ahead of a major Europe-Africa Summit, so we only have hours to deliver our global call. Join us now – and show her the world is standing with the Maasai!
Sign now and stand with us
Our Indigenous Maasai communities have looked after East Africa's land, and wildlife, for centuries, co-existing peacefully. But successive governments have tried to kick us out of our homes under the guise of tourism and conservation.

We’ve tried everything, even taking the government to court for violating our rights. But now, public attention has waned and we fear an eviction could happen any moment – destroying our culture, leaving us homeless, and putting our wildlife at risk. Politicians are promising to find a “solution”, but losing our land could mean the extinction of our community.

So we’re looking to you for hope. We know our new President wants to engage in dialogue with the international community – that’s why she’s travelled to France to meet President Macron. It’s the perfect moment to show her that evicting us Maasai would be a global PR nightmare. We can change her mind with your support, but time’s running out – sign now!
Sign now and stand with us
Some in our community have said they’d rather die than leave their homes. But this is a choice no-one should have to make. We know that together we’re stronger - after all, we’ve changed the course of history before. Let’s do it again and re imagine a world where humans and nature can co-exist together.
https://secure.avaaz.org/campaign/en/stop_the_maasai_evictions_loc/?crtqjhb
https://iprights.org/images/resources/downloadables/IWGIA_IPRI_Urgent_Alert_Loliondo_Tanzania_Jan_2022_ENG.pdf

Russia's claim that it is moving troops away from Ukraine's border is "false", according to a senior White House official, who added that 7,000 extra troops have arrived in recent days.

The US official also said that Russia could launch a "false" pretext to invade Ukraine "at any moment".

Moscow says it is moving troops away from the Ukrainian border after the completion of military exercises.

But Western officials say they have seen no evidence to support the claim.

"Russia must take real steps toward de-escalation," US President Joe Biden and German Chancellor Olaf Scholz agreed in a phone call on Wednesday, according to the German chancellery.
https://www.bbc.co.uk/news/world-europe-60407010

Since the start of the war in 2014, almost 1.5 million people have been internally displaced in Ukraine.
As tensions rise over a potential escalation with Russia, families who have fled once before are worried they will have to run again.
https://www.bbc.co.uk/news/av/world-europe-60370227
https://www.bbc.co.uk/news/av/world-europe-60403848
Video released by the Russian defence ministry appears to show tanks crossing the Crimean Bridge on a train heading to Russia. The convoy of the Russian Southern Military District units were leaving the peninsula after "planned drills," the ministry said.
https://www.bbc.co.uk/news/av/world-europe-60400649
On Tuesday, Moscow announced it was withdrawing some forces near Ukraine. But, US President Joe Biden said more than 150,000 Russian troops were still amassed near Ukraine's borders.
https://www.bbc.co.uk/news/av/world-europe-60382182

I note -
Fed officials issued a statement saying that it would "soon be appropriate" to raise the central bank's benchmark overnight interest rate from its near-zero level.

also that "any decisions would depend on a meeting-by-meeting analysis of inflation and other data," according to the minutes of the Jan. 25-26 policy meeting.

Was that referring to "Pre FED massaging " or "Post FED messaging " of the true facts ?

Wonder when exactly, same old song, same old bluffing from the same old bunch of crooks!

The BIS international consultation about banks and climate change.
16th FEB 2022

Dear Members of the BIS Basel Committee,
Its time that the politicians and the big banks admitted their policies and day to day business practices in their relentless pursuance of profit and ever increasing wealth for the privileged minority are responsible for the day to day hardships of the majority and the terrible environmental state of our planet.

The majority of the worlds politicians with the real power and those big banks controlling the monetary supply and stock markets have been in denial for far too long and the can they have been kicking is at the end of the road on the edge of the abyss of no return!

Time for bankers and politicians to stop paying lip service to changes some time in the future, that's too late, if they seriously want to save our planet and make life better and fairer for everyone they need to make the necessary changes now!

Please make my comments public.

Thank you,

Your Sincerely

(My contact details were supplied to the BIS Basel committee)

https://www.bis.org/bcbs/commentupload.htm?cdpath=/bcbs/publ/d530.htm

Is the obsession with GDP killing the climate?
https://www.bbc.co.uk/sounds/play/w3ct2drv
Gas Flares around the world are emitting toxic gasses that damage the climate and human health.
What will it take to end this practice?
https://www.bbc.co.uk/programmes/w3ct2dr4

So just how much information are these sites gathering about users?
Dark patterns
The Documentary

Trying to cancel some online accounts can be a maze of searches and false hopes, multiple clicks through a puzzle of seemingly unrelated destinations.

This is what has become known as a 'dark pattern'; complex web design that makes it hard for you to do something the website does not want you to do, and employs behavioral psychology to make you do things it does want you to do. It is just one of the techniques used to make us click, buy or subscribe.
https://www.bbc.co.uk/programmes/w3ct3hgn

Reimagining money, banks and our economy for the well being of people, communities and our planet
The campaign for a money and banking system that enables a fair, sustainable and democratic economy.
https://positivemoney.org/

As the coronavirus pandemic recedes in the advanced economies, their central banks increasingly resemble the proverbial ass who, equally hungry and thirsty, succumbs to both hunger and thirst because it could not choose between hay and water. Torn between inflationary jitters and fear of deflation, policymakers are taking a potentially costly wait-and-see approach. Only a progressive rethink of their tools and aims can help them play a socially useful post-pandemic role.
Instead of ending QE, the money it produces should be diverted away from commercial banks and their corporate clients (which have spent most of the money on share buybacks). This money should fund a basic income and the green transition (via public investment banks like the World Bank and the European Investment Bank). And this form of QE will not prove inflationary if the basic income of the upper middle class and above is taxed more heavily, and if green investment begins to produce the green energy and goods that humanity needs. Central banks are not constrained to choose between paralysis and contraction. A progressive monetary policy would lift interest rates while investing the fruit of the money tree in climate action and reducing inequality. If it helps to sell the policy, call it “sustainable monetary tightening.”
https://www.project-syndicate.org/commentary/progressive-recipe-for-monetary-policy-tightening-by-yanis-varoufakis-2021-10?barrier=accesspaylog

Quite so 3bear,
It is also worth bearing in mind the previous management were guilty of becoming over dependant upon bought in sub contractor services,possibly because they lacked the relevant required professional knowledge to instigate and oversee the operations/processes themselves and by what is now apparent the commitment or interest in ensuring long term sustainable guidance output.
By contrast Martin Horgan and his new management team have a proven track record and the relevant professional skills to instigate and oversee the required specialist services in the most efficient manner in order to achieve their stated ambition of safe and sustainable long term guidance for the forceable future at Sukari.
The advantages and what is being already being achieved by the new company strategy will gradually become more apparent as updates are delivered and 2022 progresses which should both reassure the market and stimulate a rising share price to more appropriate levels.

Hi 3bear,
I apologise for butting in but re your question regarding current share price weakness, on the contrary if done properly and as proposed then taking services in house will have exactly the opposite effect .

The opinion of a highly experienced and respected mining analyst-
Using contractors for mining is almost always a bad idea. Only when there is a short term mining project such as the pushback at the open pit there, you could argue to use contractors. It is not worthwhile and efficient to equip and staff up for such a project.

When you have a longer term mining project you should use an owner miner approach for the following reasons:

- Mining is the core activity of any mining business. If you outsource this activity you never build up an in-house expertise. It would be similar for an information business to outsource design of information system and programming activities.

- It is more expensive as the contractor will build-in a profit margin. Should they miscalculate and go under, you will have to take over at short notice, which results in a shamble, loss of revenue, appointing another contractor which knows it has you by the balls, or you have to equip and staff up quickly, which in practice is impossible!

There is a general loss of control in directing mining activities when having to work through another party.

Hi Sotolo,
I'm sure we all agree that its by far preferable that Centamin will come good out of it's performance rather than because there is a risk of a nuclear war in Europe.
We have friends in Germany and its widely known across Europe that UK Governments ministers have been regarded as a joke by the Russians in the Ukraine negotiations, however the Russians do treat the German representatives with great respect and take their views seriously.
It was always going to be a case of wishful thinking on the part of those that popped in here hoping for a sudden meteoric share rise, but then had they obviously hadn't realised the severity of the loss of market confidence that the behavior of the previous management had brought about.
The BOD realise they are in "The Last Chance saloon" and Martin Horgan in many respects has Carte blanche" in order to turn things around and to be fair so far as the available news suggests he appears to be doing just that, look at Cowichans post ,some remarkable and measurable progress has been made at Sukari in the clean up operation which so far is well ahead of schedule!
Thinking back the reasoning for Centamin to embark on so many projects outside of Egypt in most respects is no longer valid, in fact quite the contrary would seem to be the sensible and certainly less risky option to follow now and for the foreseeable future.
I wonder if any of our short term traders had bothered to buy any Shoe Zone (SHOE)aim market
Just over a year ago?
Last year I was sitting in a pub in our otherwise run run down town center opposite one of their stores ,I noticed just how busy they were and the flow of shoppers was pretty constant, I watched the shop on several other occasions before deciding to go in.
Whilst trying on some £6.99 deck shoes I asked the assistant is she had been busy, she replied that they were always busy everyday, I bought two pairs of deck shoes for £10 and left.
Next day I bought in @61p and sold around a year later at £1.52.
Just luck maybe, or possibly taking the trouble to do some on the ground research helped?

Quite agree Steve, but then Americas presidents are really chosen and controlled by the shadows behind the closed doors, those with all the vested interests and money in keeping things the way the are which will ultimately destroy our planet.

I didn't want either Clinton or Trump , neither were fit for office,certainly the latter has proven that!