Member Info for mrtibbles

sorry typo last para should read
That said though and football aside Martin Horgan will be judged on whether he can deliver!
I am sure we all hope he exceeds his ambitions and our expectations!

Martin Horgan comes across well, but that said I never not hang too much on these type (sometimes paid for) interviews.
It was clear that he gave a well prepared speech and tried hard to come across as being one of the boys, whilst I believe someone in that type of role should be approachable, there are ways to achieve staff respect without becoming too familiar which can be counter productive or lead to misunderstandings in the long term.
That said though and football aside Martin Horgan willl be you judged on whether he can deliver.

Thank you for posting drunkinfti,
Certainly sums the situation up, especially the appalling calibre of the majority of western political leaders and the failure of their unfit for purpose policies!

Unfortunately Spoonington animal charities lost out yet again!
https://www.change.org/p/uk-parliament-governments-370m-given-to-national-lottery-not-for-animal-charities/w?source_location=psf_petitions_controller&from_guest_psf=1

The United States Left Afghanistan to Prepare for a War It Will Probably Never Fight
https://warontherocks.com/2021/10/the-united-states-left-afghanistan-to-prepare-for-a-war-it-will-probably-never-fight/
Why do we keep doing this? How can we stop?
We get into these wars on the recommendations of presidents who are influenced by their staffs, most of whom are selected by the president and share the president’s viewpoint!
We often hear about fighting to defend “American interests.” There are a host of American interests ranging from protecting American citizens abroad to protecting American trade and markets. If we’re being honest most U.S. foreign policy focuses on the latter. There is nothing wrong with this. They are American interests!
https://time.com/6092818/iraq-afghanistan-unnecessary-wars/

Hi Spoonington, you really shouldn't think that you need to offer any apology to me as far I am concerned, we differed opinions about some aspects of the past history of Centamin, but that said to my mind the discourse or exchange between us was polite and cordial at all times.
Everyone has a right to their own opinion and should feel that they are able to express it in any debate or discussion, certainly on this forum!
Several years ago my wife and I decided we would opt out of the commercial side of Christmas (buying giving present to relatives and friends)and instead at Christmas and throughout the year we donate to Hillside Animal sanctuary which does marvellous work and is really worth a visit for anyone ever in Norfolk.
https://www.hillside.org.uk/
Our friends and relatives are all aware of our decision and some of them have also joined us and decided to drop out of all the stupid present buying and instead support their chosen charity, everyone that has done this so far say that they feel so much better for their decision and that they really are doing good and spreading goodwill at Christmas!
Everyone still puts up the Christmas decorations, still gets together (pandemic restrictions permitting) for some partying and enjoys themselves!

Dogs pick their own toys https://www.youtube.com/watch?v=-l3qP_W5ikk

During the pandemic lock downs many people especially those living alone found great comfort in pet ownership and yet our government and the National Lottery give nothing to animals charities and Zoo's or places like Monkey World despite doing so much good work were left to struggle through the pandemic lock downs!

At last we have it officially, the lottery does not give to animal welfare even though it is the tax payers £370 million they are giving away for the government!
What can be done about it?
something must change, 30% of the population support animals and its their money being used.
So many of our animal rescuers will go to the wall if they are not helped. write to your MP/Papers/media.
https://www.change.org/p/uk-parliament-governments-370m-given-to-national-lottery-not-for-animal-charities
RICKY GERVAIS explained why he thinks animals are "better than people", as he was seen cuddling gorgeous German Shepherd dog Anti, who plays Brandy on his show After Life on The One Show. https://www.express.co.uk/celebrity-news/1551625/ricky-gervais-dogs-animals-people-emotional-after-life-news-latest-update
https://www.facebook.com/DogsTrust/posts/10157140954626880?comment_id=10157141044726880&comment_tracking=%7B%22tn%22%3A%22R%22%7D

Best Wishes to you and Lady Spoonington of course!

Tibbs

Nonfarm Payrolls (NFP) rose by 467K in January versus the median forecast for a 150K rise, data published by the US Bureau of Labor Statistics showed on Friday. That marked a slight deceleration from December's pace of job gains when 503K jobs were added (revised up from 199K).

https://www.fxstreet.com/macroeconomics/economic-indicator/nfp
https://www.bls.gov/news.release/empsit.nr0.htm

Nice concise presentation by Martin Horgan!

Well done Spoonington for giving a dog who had an unfortunate start in life a loving home, I hope you both enjoy many years of very happy times together!
Last year things were really put in perspective for my wife and I when Harry & Sophie our two Bichon Frise both passed away , they were siblings and had lived with us since they were pups of 14 weeks old.
Harry developed Diabetes at age nine and Sophie was also diagnosed five months later so it was a case of two insulin injections each per day and as both developed cataracts from the diabetes, Harry went blind in three weeks of being diagnosed although Sophie was a year later.
Harry went to the eye hospital shortly after going blind because he was also in pain, He was operated on by a marvelous German surgeon the following day as one of his eyeballs was in danger of splitting, we were worried Harry would lose his eyes.
But the operation s a success both his eyes were saved, although he was long sighted in in one eye but the other had a plastic lens fitted and his sight was perfect in that one!
Both Sophie's eyes had plastic lens fitted and her sight was perfect , although after this procedure both dogs eyes needed two lots of Optimune eye ointment £55 a tube, two does of Yellox eye drops £17-£30 a bottle,so each month around £160 plus £150 insulin & needles, plus blood , urine tests & vet checkups for two dogs which should have been covered by their Lifetime Pet Policy, but that's not how RSA saw it!
We took part in BBC Rip Off Britain with Harry & Sophie concerning Royal Sun alliance the underwriters of More Than and many other supermarket pet insurance brands to expose the underhand tactics they use to avid paying claims and we were also in two features in The Mail On Sunday when we took RSA to the Ombudsman on two other occasions, and after a fight won!
So be warned stay away from any pet insurance underwritten by RSA.!
"Pet Plan" costs a bit more initially , but in the long run is far better and far less stressful!
But despite all the high maintenance each day, the costs, the fights with RSA I would give all my shares just to have those little dogs back again!
Giving them the right veterinary care meant we had Harry & Sophie were with us until they were nearly 14 years old and we still miss them terribly!
So cherish the time you have with your dog!

Hi Paul,
Episode 58 covers some of he Basel 3 updates, I appreciate some find Andrews coverage boring or difficult to understand because of the terminology used, to be fair Andrew does his best to explain things but there is no getting away from the fact it is a very complex industry with a language all of its own, possibly all part of keeping what takes place hidden!

Ep.58 Live from the Vault: Gold and Silver Price Outlook 2022
00:00 Start
01:55 A summary of the past few weeks in gold
08:20 Where is the selling coming from?
11:11 What to expect in the gold market now?
15:05 Basel III now goes fully into effect!
17:15 Could March 2020-style EFP blow-up be repeated?
25:05 Changes to CME performance bonds requirement
28:55 An exciting update for Silver Stackers
31:00 EFP and the Refinery supply issues
https://www.youtube.com/watch?v=Ua-eP-zz5W0

Latest Episode 59: Gold & Silver ETF flywheel
https://www.youtube.com/watch?v=t2JDNKaddMk

Hi Steve,,
Absolutely, but then if any of the experts were that good wouldn’t they all have made their billions and sailed off into the sunset instead of writing article based on so many uncertain/unknown factors, not to mention the behind-the-scenes control/manipulation by the world’s central banks and politicians
I recall the past discussions I have had with someone who has many years’ experience in the wholesale markets and they have often said they know what should happen, but nothing is certain because despite what is claimed the market isn't a level playing field and there are those who have access to information many hours before the rest and so can pull the right levers to make the market move the way they want it to!
It’s just like brokers the same applies to them, but then its far easier and safer to get paid placing bets with someone else's money rather than their own!
My dad was a successful licensed scarp metals dealer, he started the first container style commercial factory waste collection service in the sixties, using Massey Ferguson industrial tractors and Wheatley high sided trailers, at that time big bin on off trucks didn't exist.
My Dads weaknesses were that he assumed that he could trust far too many of the other people he did business with and he loved horse racing!
When I was a young lad my Dad took to the local Tradesmen Club and whilst he went off to do a bit a of business and as I sat alone drinking my pop a very well dressed man brought me over another bottle of pop with a packet of crisps, before sitting down he introduced himself as Uncle Markie and asked if he could join me, I agreed and on taking a seat he asked if Dad had mentioned him to me, I replied I had heard off him and asked if he was in the scrap or rubbish clearance business ?
Uncle Markie laughed and replied that he wasn't, he didn't like getting his suit dirty, but he was a bookmaker and did I know what they did, I replied I wasn't sure, he replied well I take bets on horses from people like your Dad.
Uncle Markie then asked if I knew how to place a bet on a horse to which replied I didn't,
Markie replied then that to the good because you don't want to know, take it from me lad I never lose, its people like your Dad that lose and he would be far richer if he stayed away from my betting shop!
With that he stood up patted me on the shoulder saying "remember lad stay away from backing the Gee Gees", with that he turned and left.
I have stayed away from the bookies, although some brokers are just like bookies, although not as honest as Uncle Markie!

Despite Sotolo's fears possibly based on misguided assumptions or rumours about the Egyptian prospects and other various market issues, he is after all just guessing, because the relevant information can't, or wont be disclosed until the appropriate time due to financial regulations, but that said on what information is available Centamin seems well placed to continue to make money!
The dividend policy has'nt changed, it was confirmed in the last Q&A session and as far as anyone can tell there is no intention to change it, the amount of 2022 dividend to be announced in March 2022..
There is a shortage of physical gold and increasing lead in times at the majority of the worlds licensed gold refiners.
Basel 3 is already having an effect and will do so increasingly as 2022 progresses.
Inflation will certainly have an effect on the POG.
The effects of the new company strategy won't be instant, but will also become more apparent as they filter through over 2022 and beyond when they are reported to the market at the appropriate time.

Oh dear Sotolo, all that hole drilling in Egypt and no new gold. really?
Oh dear profits dropping and AISC through the roof ?
POG won't rise in 2022, possibly you know something that wholesalers aren't aware of?
Perhaps you would be better to get out whilst you can?
Why stay in this share if that's how you feel?

The apparent volte face comes after other experts at the bank said earlier this month that Bitcoin would take market share from gold as more people pile into the cryptocurrency, predicting its value would reach $100,000 in five years.!

But they warned that the energy required to mine Bitcoin could hinder its popularity!

Quite appropriate considering today's announcements by the clowns in charge at No 11 & No 10 Downing Street!

As most of you will be aware household energy prices in the UK are due to rise by over 50% in April, yet our UK oil rigs in the North Sea continue to flare huge amounts of gas and although banned in Nigeria over since the 1970's the oil/gas companies regard it cheaper to pay the fines than to fit gas collectors!
The Sukari Solar plant was certainly the right decision by the Centamin management for many reasons in addition to just reducing AISC!
Nigeria -
Joy and her family are among two million Nigerians living within 4km of a gas flare in Nigeria's oil-rich south.
Climate change has had a devastating impact on Nigeria. Fertile lands are turning into deserts in the north, while flash floods have become more common in the south.
The country's oil industry is making things worse as the practice of flaring - the burning of natural gas that is released when oil is extracted from the ground - is common despite its illegality. The practice is a major source of greenhouse gases and a contributor to climate change.
Shell, BP, Chevron and many other fossil fuel and even many mining companies display an appalling lack of care or regard for our planet and far too many corrupt government ministers go along with the exploitation and pollution of their countries as long as they are making personal gain out of turning a blind eye!
https://www.bbc.co.uk/news/av/world-africa-58549010

Share holders and indeed even day traders have for far too long failed to accept that it is morally wrong to invest invest or trade in companies who fail to comply fully with environmental protection regulations or fail to adopt or instigate more environmentally friendly methods of carrying out their business, no matter where that business takes place!
An oil production ship capable of carrying up to 2 million barrels of oil has exploded off the coast of Nigeria.
According to local reports, the Trinity Spirit exploded at the Ukpokiti oil field off Nigeria’s coast near the Escravos terminal close to the River Niger delta.
“It was like a Hiroshima site,” said Sharon Ikeazor, Nigeria’s minister of state for the environment, after she inspected the damage at the OML 29 Wellhead operated by Aiteo Eastern E&P Co., a Nigerian oil company. The licence is operated under a joint venture with the state-owned Nigerian National Petroleum Corporation (NNPC).
The river and ocean tides carried the spill into communities in neighbouring Rivers state, also part of the Niger Delta, where the majority of Nigeria’s oil and gas reserves are located. A unit of US services giant Halliburton was enlisted to cap the well.
The oil field was purchased by Aiteo from Shell and partners for $2.7bn in 2014 in one of the largest local acquisitions made as Shell scaled back its operations in Nigeri
https://african.business/2022/01/energy-resources/nigerias-spill-hit-communities-demand-more-from-petroleum-industry-act/

Centamin is certainly setting standards that other mining companies should fol

Quite so Rebess, Our lying and corrupt PM has pledged £ 88 million to Ukraine for arms etc (they cut aid to starving counties) and his slimy cabinet has refused a Labour proposed and easily affordable windfall tax on Shell after they have screwed the ordinary people and instead our out of touch government is going to grant £200 repayable over loans per customer to offset energy prices.
Energy giant Shell posts 'momentous' £12BILLION profits as millions face soaring bills and cost-of-living crisis - sparking calls for windfall tax on power companies
London-based company collected $8.88 for every thousand cubic feet of gas it sold to customers in Q4 2021
This was a huge rise with gas previously selling for less than half this amount only six months earlier, at $4.31
Gas prices soaring with Russia restricting supply to Europe and China buying up more global gas shipment
And unusually still winds last summer meant more gas was needed to replace electricity from wind turbines
Energy price cap is to rise by around £650 in today's announcement taking average household bill to £2,000
Shell has increased its profits nearly fourteen-fold to £12billion amid soaring oil and gas prices – with the energy giant revealing a bumper three months on the same day that the UK price cap is set to rise by around £650.
The London-based company collected $8.88 for every thousand cubic feet of gas it sold to customers in the last quarter of 2021 - with gas previously selling for less than half this amount only six months earlier, at $4.31.
Gas prices have been pushed up in the last year with Russia restricting supply to Europe and China buying up more international gas shipments. Meanwhile, winds in Europe were unusually still last summer, meaning more gas was needed to replace the electricity that would otherwise have been produced by wind turbines.
The price rises have led to energy suppliers going out of business and contributed to soaring inflation, while from April 1 households will be hit with a hike in energy bills that will see the average hit nearly £2,000.
Shell's chief executive Ben van Beurden said 2021 had been a 'momentous year' for the firm, but it came as the Chancellor is set to announce how the Government will help families pay soaring bills amid the cost of living crisis.
But Labour's shadow Treasury chief secretary Pat McFadden said Shell's bumper profits showed why a windfall tax was the best way to fund a support package for struggling families. He told Sky News: 'They are planning share buybacks and increased dividends but they are not being asked to pay a penny towards the package.'
Shell's chief executive Ben van Beurden said 2021 had been a 'momentous year' for the London-based energy giant
So just proves the Tories are worse than they were in the Eighties when they sold to the people what they already owned!

Hi Dasut,
I agree entirely with you, also considering your past professional experience of the industry and Sukari your opinion regarding the recent presentations is especially appreciated and indeed should be regarded as an endorsement of the professionalism of Martin Horgans new strategy, also endorsed by Kees Dekker which I find most reassuring as Kees doesn't give approval without justifiable cause and neither does he hold back or mince his words!
I am glad to learn that Cowichan is intending on putting this query to Centamin via Investor Relations, to be fair he seems to be one of the minority who rather than just complaining on web forums does also follow through by taking the time and trouble to write to the company via the correct channel's.
As I have said before one can be whomever they want to be on internet forums,although when it comes to actually writing to the company,or as you rightly suggest asking questions on the telephone, well that requires quite a bit more genuine conviction and effort which many are unwilling to make!
But credit to those that do!

Hi Candid,
You aren't including the capex due to be spent to ensure the sustainability of the mine for the next 12+ years.
Like trying to compare apples with pears!
Costs have gone up, and will stay up for a while, however the is to be able to produce 500k oz at c.$900 cash costs for the long term, that requires needs the capex invested which hits AISCs.
That makes Sukari a top quartile Tier 1 low cost producer globally!

Hi Cowichan,
So scrap the present unfit for purpose system, turn all the debt registers to zero and have a fresh start

II. Total debt relief by multilateral institutions—Would it help the attack on worldwide poverty?

What is the argument for total debt cancellation? Some argue that the further reduction of debt service obligations would allow the HIPCs to make more poverty-related investments. But the HIPC Initiative is already changing the picture. So far, after debt relief, social expenditures in the 23 HIPCs mentioned above are projected to rise by an average of some US$1.7 billion per year during 2001-2002. Most of these resources will be directed toward health, education, HIV/AIDS programs, basic infrastructure and governance reform. And contrary to the statements of some debt campaigners, HIPCs will spend on average much more—not less—on priority social investments than on debt service. After HIPC relief, these countries will spend about 2 percent of GDP on debt service-well below the level in other developing countries-compared to about 7 percent on social expenditures.

To be sure, the HIPCs have a continuing need for targeted investment that benefits the poor. But the critical question is whether complete debt cancellation is the most effective and equitable way of supporting these efforts.

https://en.wikipedia.org/wiki/Government_debt
https://www.theguardian.com/politics/2005/jun/11/uk.g8
https://www.imf.org/external/np/exr/ib/2001/071001.htm
This article is more than 3 years old.

Government debt is finite, or so we have been told. There is an absolute limit to the amount of debt that a government can issue. If it exceeds that limit, the government will default. Debt is the accumulated deficits of all past years, so persistently running deficits means that at some point the dreaded default trigger will be reached and the government will default. Therefore, governments must observe fiscal discipline and avoid deficits like the plague.
https://www.forbes.com/sites/francescoppola/2018/04/17/everything-youve-been-told-about-government-debt-is-wrong/?sh=315cd796314f

Also I am glad that Geodrill are replacing Barminco for the drilling from what I understand.
There is also a review of the underground mining - as Centamin said in the last announcement they are looking at all options (keeping them, replacing them, or doing it themselves!
Lot's more updates to come yet and despite what some say I think Basel 3 will have a positive effect on POG as 2022 progresses!