Member Info for mrtibbles

Hi Market,
Sorry forgot to mention, quite a change of attitude at Centamin since Martin Horgan's arrival full communication's have resumed with Kees Dekker!

Hi Market,
I hope that you are in good form and still managing to enjoy a few "Tot's" very important!
You may recall the concerns flagged up by Kees Dekker mining analyst in 2016 and 2018 which Pardey denied and claimed were due to Kees using inaccurate information.
However, when Kees offered to review the 2016 report if Pardey would like to send him what he regarded as the accurate information all dialogue ceased and instead Pardey put in a complaint to the editor of Seeking Alpha.
As we now know after another critical Kees Dekker report in 2018 again flagging up concerns about how Sukari production was being managed, yet again Kees has been proven right.
Pardey and his sidekicks have been proven to have acted unprofessionally and irresponsibly for many years, sadly this seems to have been condoned by the El Raghy family who must accept some responsibly for knowingly going along with what can only be regarded as deception of the shareholders!
I fully admit to not being a mining professional, I fully accept that some of our members are, I also accept that mining is dangerous, difficult and fraught with some unforeseeable difficulties.
Howler I have learned that when a mine is operated in a professional and proper manner with the aid of previously acquired geological knowledge and todays technological aids that production risk should be mitigated.
Clearly this didn't happen, despite what turned out to be avoidable Sukari production setbacks Pardey continued to "Sail close to the wind" with his first mate Youssef until the most recent near catastrophe that had the potential to render the Sukari world class asset to a pile of uneconomical to mine pile of low grade spoil!
There is no defence for Pardey he failed to execute his professional duties in the proper manner, instead of safeguarding the shareholders best interest it seems he duped them.
Surely, it's not unreasonable to suspect that the El Raghy family considering their involvement at Sukari were aware of the mismanaging of the open pit and yet they chose to ignore it, even condone it.
So, after so many years of kicking the can down the road sitting on the fence and promises of "Good times coming!" only to result in more lame duck excuses then how reliable is the information presented on West African reserves?
However, at long last and just in time it seems that our new CEO Martin Horgan has the professional capabilities and intentions to run Centamin as it always should have been, but of paramount importance he seems to have genuine integrity!

https://www.proactiveinvestors.co.uk/companies/news/955072/capital-raises-revenue-forecast-after-record-second-quarter-955072.html

In this week’s Live from the Vault, Andrew Maguire sheds some light on the Bank of England's attempt at carving out an exemption from the Basel III compliance. The precious metals expert explains the implications of this LBMA accommodation and whether or not it's capable of freeing gold loans and leases from Basel III and capital requirements.

Andy Maguire also confirms his position on his bullish outlook on gold and explains what we can expect in the precious metals market in the upcoming months, as we’re observing the extended Basel III window slowly closing.
https://www.youtube.com/watch?v=pCJ7QF3cZbs

My thoughts, the UK government has failed to consider, or possibly out of desperation to hide its failed policies ,or even so used to lying that it doesn't care, that this action of trying to protect a financial activity that is deceitful and corrupt has tarnished the reputation of the BOE and indeed the decent people of the UK .
Shame on Boris Johnson, his cabinet and above all the BOE governor for his gutless capitulation!

Centamin is a contrarian share that is very difficult, if not impossible to predict.

Hi Red,

I remmber how the girls would annoy deputy headmistress Mrs Howard (The Gorgan) by singing this little ryme in the school playground as a line of up to six girls at a time jumped over the long skipping rope,

"Snot and gobble custard"
"Scab and apple pie"
"All mixed up with a dead dogs eye"
"Get a bit of bread and spread it on thick"
"Then swill it down with a cup of cold sick!"

Oh what fun!

Sums up the policies of our present government a treat!

Yes, thank you Rebess, good to know they haven't got out of Basel 3 compliance , only bought more time, hopefully not too much time because who knows what skulduggery they might come up with to keep the paper scam going!
Notice how governments are willing to bend over backwards for the very culprits who caused
most of the past !financial crashes !

Hi Instant,
No disrespect intended , Centamin has always been a contrarian share and as such it has rarely if ever followed what are regarded as usual behaviours or market movements of similar shares..
You may want to bear this in mind .

Hi Red,
I agree, we get some supposed serious traders that pop up on here from time to time who accuse members of being off topic, etc, etc, but in many ways this helps to expose anyone working to an agenda with the intention of trying to influence other Centamin share holders trading decisions.
Those type of people pop up and then go through the stages of posting spiteful snipes about sticking to the point or "Off topic", but as Mr Bond and others pointed out when you look at the content of their contributions made to the forum it consists of very little, if any useful or even reliably accurate information and may in the main be regarded as "Snot & gobble custard!".
I certainly take no notice of the share bashers and fart in the general direction of their odious employers and masters!
We can do little about our corrupt and lying government (apart from try to vote he buggers out , if we ever have another fair election) or the LBMA & Cartel precious metals market manipulators ,but we can continue to try to stay strong and help one another by our conversations on possibly the best Centamin chat forum on the web!
With that in mind I would like to thank the LSE and its forum moderating staff for facilitating our Centamin chat board, and last but certainly not least, also wish my fellow forum members and genuine share holders good health, wealth and happiness for the future!
Tibbs

Always remember Mando that you aren't alone, you are amongst friends who share the same concerns and frustrations as you do, sometimes it's good to be able to let off some steam, and certainly better than being panicked into making hasty trading decisions!
Tibbs

Hi Mando,
It's not a bad thing to repost some previous news or information , certainly regarding Centamin ,it helps to remind long term holders of outstanding or unresolved issues and it also alerts newer investors to information or issues they possibly weren't aware of, but need to be!

So well done and thank you to both of you!

Quite so Mr Bond,
As I have often said a poster can be whomever they want to be on this type of forum, although I think some of us have a good idea of the genuine share holders!
I can't find that BMW forum though anyone have a link ?

Hi Chique,

As Mr Zambain said, for far too long!
What went wrong with Centamin "An Ongoing Saga & Pile of Pardey Pants!"
Had things gone as we had been told they would by Mr Pardey all would have been well, but things went wrong for which he made all sorts of excuses, which we, not being mining professionals were not in a position to query.
Indeed, when Kees Dekker the mining analyst raised concerns in 2016 on high grading even former mining professionals on here chose to take the word of Pardey that all was well, and set backs were to be expected in mining!
So, things progressed to plan as far as we were aware (apart from the (Egyptian legal cases. which remained in a state of comatose) until 2018 when Pardey & Youssef predicted 600,000 oz, three weeks later Oh no!, the mine hit the (Unexpected) low grades that Kees had predicted in 2016, if that were not enough the only LHDR, a vital piece of plant self-destructed and there wasn’t a fit for purpose contingency plan in place , or even any spare parts to mitigate production loss!
So, you guessed it instead of a record output we got an RNS guidance cut kick in the balls and a share price reduction of 50%!
But Pardey said lessons had been learnt, indeed former mining professionals once again put this professional ineptness down to being expected as all part and parcel of mining!
So yet again the shareholders held baited breath whilst the learnt lessons were put into practice whilst production improved and the share price climbed to £2.30!
It seemed that lessons had been learned, but unfortunately not, old Pardey had been high grading exactly as Kees had said in 2016 , if this were not bad enough there was insufficient water drainage around the open pit which caused a fracture in the pit wall, unfortunately this problem was made more difficult to deal with because of the amount of **** in the open pit that Pardey had failed to get cleared for many years, so you guessed it another RNS profit warning and a 50% share price cut kick in the balls for the trusting shareholders!
So, there you have it!
Martin Horgan has quite a task on his hands just sorting out operations in Egypt before he can really justify projects elsewhere, in my opinion of course!

I have emailed Centamin regarding the outstanding court case and the unresolved diesel case and made the suggestion the both need some resolution as a matter of urgency.
Unfortunately in the past when I have raised the issues on telephone Q&A sessions I got the standard answer of these things take time in the Egyptian legal system!
Time is one thing, but this state of self induced legal system comatose is quite another!
So then after eight years on the diesel fuel dispute time to go to the international court !

Hi Instant,
Yes prudent indeed considering the $22 million involved , then of course there is the 20% unresolved court case share price discount.
It's quite an eye opener the way share holders are worry about predicting the direction of the market over the bext few days, candlesticks, moving averages and all the other pintless ways of preciting the markets diection

There is on reliable way to predict the market unless you are privileged enough to be a member of the upper circle who have control of the market manipulation land government fiscal policy levers!
What hope is there for the future when our government is so corrupt !

Fair comment Red!

The outstanding diesel subsidy dispute appears in danger of vanishing in the mists of time of the Egyptian legal system unless shareholders, especially recent ones are made aware of it from time to time!
I understand that Centamin would have preferred to leave this to their legal team to deal with in the Egyptian courts, but that said the courts always seem to have more pressing issues to deal with or simply prefer to kick the legal can down the road for another few years!
Centamin and indeed its shareholders have been more than patient and more than reasonable and its time that this issue was dealt with.
The disputed amount $22 million or so would be rather handy now to cover the cost of open pit clearance and other expenses,
I asked Andrew Pardey about this on several occasions and his reply (When I could get an answer that is) was "These things take in the Egyptian courts!".
As a very patient Centamin shareholder of over decade I am well aware that certain things do indeed take time in the Egyptian court system, especially so it seems if the case is anything to do with Centamin, this invariably leads to yet another adjournment of the case after which then judge involved seeks refuge behind some sort of legal parapet (SCC & Law 32) and keeps their head down in the hope that they may never have to commit themselves to any verdict at all!
However, after enduring eight years or so of the “Mad hatters tea party" antics of the Egyptian legal industry (system)is it not time to take the issue seriously?
By now the international court could have dealt with the issue twice over, so why not refer the case to the international court for a decision?
It must surely be preferable to the present state of Egyptian legal system comatose and at least a decision would be reached possibly even in favour of Centamin!

Collapsed finance group Greensill Capital paid the former Prime Minister a salary of more than $1m (£722,000) a year to lobby government ministers and officials on behalf of the firm.

Cameron was contracted to work 25 days a year as an adviser to the board, meaning his daily take home earnings amounted to more than $40,000, the Financial Times first reported, citing people familiar with the matter.

The hefty pay package made him one of the highest earners at Greensill, earning far more than career bankers with decades of experience.https://www.cityam.com/david-cameron-earned-more-than-1m-a-year-as-greensill-lobbyist/

Nails on the head Razor's!
Clearly the Egyptian government want to provide positive progress with these licenses and what has happened is only a precursor to a formal agreement being made, which is legally binding (and both parties are agreed on).
Centamin are not there yet, but I understand the intention is to announce when all of this has been properly bedded down!
As we well appreccite this is not the first or the last time that news comes out of Egypt before everything has been agreed to the satisfaction of all parties!