Member Info for mrtibbles

I believe in democracy unfortunately we aren't getting it at present and from the present shower that are in government https://www.electoral-reform.org.uk/
Over the past few hundred years, our society and democracy have developed and changed beyond recognition. However, our voting system has failed to keep pace. We believe that First Past the Post has no place in a modern democracy, and should be replaced by a system of Proportional Representation https://www.makevotesmatter.org.uk/first-past-the-post
Over recent months, we have heard a number of government ministers, including the Prime Minster, claim that the 2016 EU referendum was the “largest” or “biggest” “democratic exercise” in the UK’s history.
This is not correct, if you interpret “largest democratic exercise” as the number of people participating in a vote. 33,551,983 people cast a vote in the referendum—which was 72% of all people registered to vote.
The Brexiteers have less freedom and opportunity for everyone , they were conned by the now now exposed lies and innuendo, unfortunately some of them refuse to accept and admit the truth just like our government.
https://fullfact.org/europe/eu-referendum-not-largest-democratic-exercise/
"The battle starts again," former deputy leader of the Conservative Party Lord Michael Heseltine told Andrew Pierce in the wake of Brexit coming into force."With a chapter closed last night, a new chapter opens," Lord Heseltine added, reminding Andrew of a stipulation in the Brexit deal which allows a review process of four years could lead to the UK rejoining the EU.
https://www.lbc.co.uk/radio/presenters/andrew-pierce/brexit-lord-heseltine-campaign-to-rejoin-eu/
"The last opinion poll I saw showed that that narrow Brexit vote has been replaced by a 10 point lead for those who took the opposite view. I agree therefore that it is unfinished business."
Lord Heseltine cited figures from the government’s own Office for Budget Responsibility, suggesting that leaving the EU would reduce GDP by about 4 per cent in comparison with the Covid-19 pandemic reducing it by a further 2 per cent.
https://www.independent.co.uk/news/uk/politics/brexit-michael-heseltine-b1950601.html
"First of all it is up to us who believe in a closely knit relationship with Europe to use the same determination Brexiteers did to disrupt the European partnership."
"We want it back, and the only logical answer is to argue for that decision."

Mr Cummings also said that he and his Vote Leave colleagues had “taken over” the Conservative Party in order to “try and bend it to something that’s different”, in order not only to deliver EU withdrawal but also to “disrupt” the UK’s power structures.
https://www.independent.co.uk/news/uk/politics/dominic-cummings-brexit-bus-johnson-b1887457.html

Wasted public money on destroying the environment on the environment!
https://policy.friendsoftheearth.uk/insight/opportunity-costs-hs2

Hi Mr Bond,
The person is question is some sort of Troll that most probably is insecure in many ways and is suffering from Narcissistic Personality Disorder (NPD) —
People with NPD expect to get special treatment.
They exaggerate their own smarts, success, power, and looks.
The lack of empathy leads them to take advantage of people, with no regrets.
Narcissists may be extremely jealous and ultra-sensitive.
Because they tend to be very thin-skinned, they may angrily lash out at any criticism or push-back.
Narcissists also may lash out when they feel like they’re not getting special treatment.
Underneath all of these traits is a deep sense of insecurity.
And — no big surprise, when you consider all these traits — narcissists may find it super-difficult to have healthy relationships, and have loads of trouble at work or school!
Boris Johnson, Trump, Farage and some other senior Tory politicians all demonstrate similar traits.

i still have contact with those in the Greater London Authority who were left with the aftermath of Boris's term of office as mayor to cope with.
As Mayor Boris could never be bothered with the detail of anything he was involved with ,he just wanted the kudos of each project before moving on and when things went wrong he always blamed others.
Boris is behaving exactly the same now, he lied he lied about Brexit and Tory policy during the election campaign and he has lied about just about everything else ever since..
Boris doesn't care, he just wants to be king and fornicate as much as possible before he moves onto something else!
I agree that some that the rude remarks made by certain Labour party MP's were inappropriate and unfortunate, but possibly down in some part to pent up frustration, although unfortunately that type of behaviour is counter productive in many ways..
Its very difficult to be a strong opposition with such a small majority and this is a direct result of the present present first past the post electoral system, rather than the fairer method of proportional representation.
Also the mainstream media is only really interested in concentrating on controversial subjects or individuals ,which evil clown Boris is well aware of when he plays the bumbling fool!
Whatever ones party the present UK electoral system is certainly not democratic in its present form
https://www.electoral-reform.org.uk/
https://www.makevotesmatter.org.uk/

Hi Jarvaman,
Because Centamin is dual listed no stamp duty is payable so you don't need to worry.
Nice bonus in some ways, although at times it can be a double edged sword because it can encourage those traders who want to make few pence per share over short term which depending on volume can lead to volatility.

i.e. Some share transactions are exempt from stamp duty. These include: shares in a company that is not incorporated in the UK and doesn't maintain a UK based share register. ... shares traded on the London Stock Exchange's AIM market or on Exchange Traded Funds (ETFs)

You have bought in at a really good price and at a time when great change is taking place at Sukari to lower AISC which should increase profits and free cash flow on a more sustainable way for the future.

Good luck with your holding and welcome to the forum.

Tibbs

Seeking Alpha,
The points he quotes are all old hat!
One should invest with a forward looking attitude and be invested before improvements start to become apparent.
As far as I know, from 2022 onwards Sukari should start to perform better and the pre-stripping investment start to drop. Hence better cash flow!

Mark999999,
I bet you luv Boris!!
I car not jot about your warnings or for the cut of your jib sir!

The Independent
Revealed: 17 MPs claim £1.3m in rent from taxpayer – while letting their own homes
Adam Forrest
Fri, 12 November 2021, 9:21 am
Five ministers in Boris Johnson’s government are among a group of MPs who have claimed more than £1m from the taxpayer to cover their rent payments, while letting properties that they own in London.
https://uk.yahoo.com/news/revealed-17-mps-claim-1-214850643.html

Seeking Alpha Trade war looms!
The United Kingdom and European Union are back at the negotiating table today in an attempt to dodge a looming trade war. While Britain officially left the EU in January 2020, a number of hard-fought trade arrangements that have been inked since then have been criticized for disrupting trade. Specifically, the U.K. feels there are difficulties in implementing required checks on goods moving from Great Britain to Northern Ireland, which lies just across the Irish Sea to the west.

Backdrop: Last month, the European Commission proposed to adapt certain parts of the trade deal in an effort to make it easier for these checks to take place. However, EU officials have since complained that the government of U.K. Prime Minister Boris Johnson is not showing a willingness to negotiate and its proposals mark "a significant difference" from the original trade deal.

In fact, U.K. Brexit Minister David Frost feels that all checks on goods moving from Great Britain to Northern Ireland should come to an end. Businesses would instead be trusted to inform authorities if products will stay in Northern Ireland or continue to the Republic of Ireland, which is part of the EU. The European Commission does not want to leave the trust up to companies due to worries that products (that don't meet European standards) could end up in the EU's single market.

Tough talk: Frost has gone a step further, threatening to trigger Article 16 of the Northern Ireland protocol, which could lead to the suspension of part of Brexit trade deal on the basis that it's causing "economic, societal, or environmental difficulties." The EU is meanwhile preparing a package of retaliatory measures in case that scenario should play out. "Senior EU officials are extremely gloomy about the outlook and believe escalation in the form of a trade war, probably early in the new year, is now almost unavoidable," according to analysts at consultancy group Eurasia.

Hi Mr Bond, yes see blow,

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Sorry posted below before finished!
Should read -
the creation of the Centamin investment forum has demonstrated it is committed to providing a regular platform for communications with all investors and so possibly we share holders will see something on Batie West, or any of the other projects when there is something of any significance to report?.

I was as dismayed,angry and critical, possibly more so than some others concerning past events,
however the the market along with those with ulterior agenda's have already inflicted a very severe retribution on Centamin for past errors or less prudent operational decisions , with that in mind is it really in share holders best interests to lend credence to those who may not want the share price to recover, or Centamin achieve its full potential in the future?
With those facts in mind and specially since the appointment of Martin Horgan and his team I do believe more than ever that share holders comment and concerns are taken seriously, as one good friend and long term holder remarked tome they certainly seem to "Be playing a straight-bat! " especially with regards to plans going forward and shareholder's long-term interests and the decisions made in respect of BF and the Sukari Life of Asset Review in early December.
As share holders we need to consider that there will always be perspectives in circulation which are simply wrong or inaccurate which then become misinformation and may result in erosion of the markets confidence in the stock possibly leading to less panicked trading or investment decisions decisions.
As share holders it's right and sensible to ask questions so as to remain comfortable and remain confident in our chosen stock and the creati of the Centamin investment forum has demonstrated it IS committed to providing a regular platform for communications with all investors

Depends on the interpretation of 'Outperformed" and differentiating fact from fiction (spin) even cutting corners (waste clearance) to excite the market in the short term.
Why was Endeavour so desperate to squire Centamin, might it be the £300 million cash pile, superior reserves and an established profitable mine and further opportunities n Eygpt?
Endeavour has a very different and possibly in many ways less prudent business model and method of operation than Centamin.
You make your choice and pay your money.
From what I know of him I have every confidence in Martin Horgan!

Seeking Alpha 11th Nov 2021
Inflation is looking a lot less "transitory" after CPI figures released yesterday, which showed consumer prices jumping 6.2% from a year ago and the fifth straight month higher than 5%. It's also the fastest rate since 1990, and while that might cause some worry in the general population, Wall Street appears to be discounting the effects. Many continue to argue that the Fed won't get too aggressive, inflation could moderate next year, while some think stocks could even benefit along with a rise in asset prices.

Snapshot: Businesses are passing on higher costs to consumers, with 60% of small business owners raising prices in the previous 90 days, according to a November survey of 560 firms by Vistage Worldwide. Companies are struggling to get materials and are delaying orders, adding to demand pressures, while a labor shortage is putting upward pressure on wages. Some feel that will need to prompt a shift in U.S. economic strategy, which sought to jolt pandemic demand through unprecedented fiscal stimulus, though others say supply logjams are at the heart of the issue and targeted spending could help ease those problems more broadly.

"Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me. With the [infrastructure] bill we passed last week, and the steps we're taking to reduce bottlenecks at home and abroad, we're set to make significant progress," President Biden said in a statement. "Very soon we're gonna see the supply chain start catching up with demand, so not only will we see more record-breaking job growth, we'll see lower prices, faster deliveries as well. This work is going to be critical as we implement the infrastructure bill and as we continue to build the economy from the bottom up and the middle out by passing the Build Back Better plan."

Outlook: The hot inflation figures continue to worry West Virginia Sen. Joe Manchin, who has been warning of fiscal spending and serious price pressures since the summer. That could further endanger the economic agenda of the White House, which has not yet given into business demands to ease tariffs on Chinese imports and failed to persuade OPEC+ to increase oil production. "From the grocery store to the gas pump, Americans know the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day," tweeted Manchin, who must vote for the coming $1.75T social spending package if it has any chance of passing the Senate.

Hi Auson,
Last I heard from a good source is that things are going extremely well and to plan, that's why I am looking forward to Martin Hogan's update in Dec.

Thanks for your thoughts Mr Bond,
With all that's been happening in Egypt recently it's understandable that some people get carried away concerning new miners acquiring access to possible reserves.
However as we realise it took well over a decade and over one and a half billion dollars for Sukari to be where it is today, still Egypt's gold mining industry as it were and likely to be so for some years yet!
Sukari is still the engine room of Centamin, get that back up to full performance and the rest will follow!

Hi Mr Bond,
Hope all is well with you!
Can't say why exactly but I am increasingly confident that Martin Horgan won't disappoint on the next Sukari update!

Wednesday, 11/10/2021 15:40
CONFIRMATION of the worst negative real interest rate for US savers on record saw gold and silver prices leap on Wednesday, breaking through what chart analysts had called key resistance in the yellow precious metal's Dollar price as new US data showed inflation in the world's largest economy racing to its fastest annual pace in more than 3 decades.

Gold priced in the Dollar jumped over $30 per ounce, smashing the $1835 level where this summer's highs met the downtrend starting at summer 2020's all-time peak above $2000.

Gold priced in the single-currency Euro hit a 12-month high at €1610, and the UK gold price in Pounds per ounce rose faster still, up 2.2% inside an hour to reach its highest since January at £1380.

Silver prices also jumped, rising more than $1 per ounce from this time last week to break above $25 for the first time since early August.

Inflation in the headline US consumer-price index jumped last month from 5.4% to 6.2% per year, blowing past analysts' consensus forecasts of 5.8%.

The fastest annual rise in the cost of living since December 1990, last month's figure came only 0.2 percentage off the highest since July 1982.

Back then, US interest rates stood at 12.6% per annum on the Fed Funds overnight target, giving cash savers a positive real return of more than 6% per year.

US interest rates at Christmas 1990 were more than 1% above inflation.

Today, in contrast – and ever since March 2020 marked the start of the US Covid Crisis – the US central bank is holding its key interest rate below 0.10%.

That means cash savers are now suffering the most negative real interest in modern history, facing a loss of purchasing power worse than 6 cents in the Dollar per year.

Off topic, but it just shows the "stinkers " are everywhere, even in company board rooms the wold over no doubt, keep going Don!
The Geoffrey Cox headlines look bad – the reality is worse
Written by: Oliver Bullough All articles by: Oliver Bullough

The British Virgin islands is not a country, it’s a loophole used to dodge tax, regulations, laws and oversight – and the Tory MP is helping it to do so
https://www.opendemocracy.net/en/

CFD Trading Top Slicing
Top slicing is something that some brokers encourage CFD traders to do, it makes a nice commission for the broker on a particular stock and gives the client the illusion of a making a profit, the downsides is that the loss is increased on the clients remaining shares in that particular stock making it more difficult to get out of the CFD position which keeps accumulating interest charges on a 24-hr basis.
Brokers such a Logic Investments of London who operate a supposed advisory CFD service to clients pester their CFD clients to buy in £10,000 positions and then sell any positions if they move into profit, a nice little earner or the broker who takes no risk, the client is often then encouraged to jump back in, open another new CFD position, another nice little commission for the broker!
Generally speaking, a long-term investor is better advised to forget tactics such as top slicing and instead take the dividends and any opportunities to average down a stock price over the long term.
The T2W forum seems more suited to those who are interested in finding out about “Top Slicing”, my advice to anyone is to stay well away from CFD trading and also “Short positions” 75 % of CFD traders lose money, although the brokers and banks always win!

Many ESG fund's are not as green as the likes of BllockRock & companies like Microsoft lead the public to believe
https://medium.com/stanford-magazine/carbon-and-the-cloud-d6f481b79dfe
https://www.bbc.com/future/article/20190207-why-streaming-music-may-be-bad-for-climate-change
The increasing popularity of electronic audio streaming could be having unintended dangerous economic and ecological impacts, based on the new study.
https://www.summerfieldgov.com/how-music-streaming-services-like-spotify-impact-the-environment
The general public are easily misled by clever marketing of big funds and the lack of action by the worlds government's and countries corrupt politicians who fail to clamp down on illegal mining and instead promote properly licensed gold mining by environmental aware companies like Centamin
https://unearthed.greenpeace.org/2021/09/01/amazon-blood-gold-likely-being-imported-by-uk-researchers-say/
https://globalinitiative.net/analysis/organized-crime-and-illegally-mined-gold-in-latin-america/
In Peru and Colombia – the largest cocaine producers in the world – the value of illegal gold exports now exceeds the value of cocaine exports. Illegal mining is the easiest and most profitable way to launder money in the history of Colombian drug trafficking.

The gold business is changing, many of the bigger companies are changing their strategies,” says Richard Morgan, head of government relations at mining giant Anglo American. “We are doing much less in Africa and no gold at all. South Africa may still have massive gold reserves but for a big company it’s all about the business case,” he adds.
https://www.theafricareport.com/58295/why-much-of-africas-illicit-gold-trade-transits-through-dubai/

https://www.business-standard.com/article/markets/mandatory-hallmarking-of-gold-jewellery-by-diwali-116041800144_1.html
Another environmental impact of Diwali
Torched grass and litter were the most reported impact of the celebrations but the sound of the fireworks has also been criticised for distressing wildlife.
Stacey Leavly, another infuriated Londoner, from Richmond, said: “All fireworks should be banned from residential areas and only very few controlled displays allowed.
https://www.mylondon.news/news/south-london-news/london-parks-ruined-fireworks-following-22099478

Hi Candid,
i appreciate that buying into Centamin has resulted in a bit of a steep learning curve understanding and coming to terms with all the issues that lie under the surface as it were!
So I felt it only right on behalf of all the forum members to to express our appreciation for all the investigative/analysis work on past company reports,etc you have undertaken and then shared your findings with us.
It must be said that your efforts have certainly proven to be eye opening in some very important respects and no doubt of great help to Cowichan in his ongoing quest for the truth on behalf of all share holders.

Tibbs