Member Info for mrtibbles

Thank you Mr Gnome for the post & Mr Bond for your thoughts, I agree with you both.
As you may be aware Andrew Maguire has been trying for many years to expose the permitted corruption and price manipulation that is carried out by the Cartel and others.
The regulators that have shown any interest or tried to take action and support Andrew have been side lined, stone walled, promoted out the way or simply retired and replaced.
In the past Andrew and his wife whilst walking on a London pavement were hit by a stolen car driven by an unidentified driver, Andrew's office computers have been infected with previously unknown viruses, his phones tapped and paid journalists and trolls have posted all sorts of false accusations and claims about him on the internet to try and discredit him and laugh him of as a conspiracy theorist.
Ordinary mortals would end up in prison for far less serious corrupt practices and deception that the the banks trading arms carry out with impunity using the peoples money for free and even when they do get exposed as as "Bankster's" the little traders get paid off to take the rap and stay quiet whilst the bank gets a piffling fine which is anyway is paid by the ordinary people, but no one goes to jail!

Hi Dasut,
Thank you for your thoughts, unfortunately as far as we the share holders have been informed there has been lots of drilling and exploration over West Africa for a decade or more, but thus far the monies spent as far as we know don't appear to have reaped any tangible or potential rewards, I look forward to being updated on this.
I agree it would make sense to appoint an appropriately experienced contractor to develop the resource if the drilling results genuinely justify the expenditure , or sell the resource on and on and realise the value.
Centamin would be better to avoid underwriting the debt on developing mines in West Africa with all the potential political and financial risk.
Unfortunately in the past the directors performance in overseeing operations has been mediocre to say the least , possibly it might have been beneficial they could have experienced some actual on site digging and drilling, it may at least have given them some idea of what wasn't being done!

Unfortunately you aren't telling it "How it is " you are telling it as it is in your opinion of "How it may be " because so many possible influencing factors are in state of flux and will most likely change for the worse or for the better, or not at all, you simply don't know with any more certainty than the the man in the moon
This board doesn't say wonderful things all the time, on the contrary, the opinions are varied and most based on well researched information from various sources, some of which although maybe accurate at the time may prove to be to be inaccurate due to unforeseen changing circumstances or other influencing factors, but that is the nature of the markets!
No one can deny the effort you put into your calculations, but like most calculations based on available information at the time (certainly in mining) they cannot be regarded as certain by any means, but incredibly variable to say the least!
I appreciate your post's are made in good faith, unfortunately your views and opinions are often contradictory in the same post, but in the majority of instances rarely uplifting to the spirit, on the contrary if I were in a life boat with you I would have abandoned all hope and taken my chances with the shark's!

Parasitical outfit that serves no good at all, hope they all gets their butts burned !
Time they banned short selling, especially via CFD's!

Monday, 3/29/2021 15:46
SILVER PRICES fell back to 2-month lows and gold slumped $25 per ounce on Monday as the US Dollar again strengthened together with longer-term interest rates, and the US stock market hit volatility from the forced 'block trades' sale of $20 billion in a hedge fund's bets, writes Atsuko Whitehouse at BullionVault.

Oil prices dipped, pulling US benchmark WTI back towards $60 per barrel, after the Ever Given container ship was refloated in the Suez Canal, unblocking that key transit route.

"Silver is not doing well," says ICBC Standard Bank's former Tokyo manager Bruce Ikemizu, now chief director of the Japan Bullion Market Association.

Despite whipping back up to $25 late last week, "silver has been on the back foot."

Silver prices today dropped 1.2% from Friday night's finish to touch $24.45 per ounce, the level reached last Thursday.

Gold prices meantime sank at the start of US trade, plunging to below $1707 after making its first weekly loss in three.

The Dollar index – a measure of the US currency's value versus its major peers – rose to new 4-month highs.

"Overall, silver remains stuck in a very wide $22.50 to $30 range," says derivatives platform Saxo Bank's commodity strategist Ole Hansen, "but given its high beta and continued Dollar strength, the metal is risking another speculative clearance before eventually it finds renewed support, which we believe it will."

iShares' giant silver ETF trust (NYSEArca: SLV) continued to see net outflows of investor money last Friday, marking its 8th consecutive weekly liquidation and now shrinking by 15.7% from the record size achieved on the Reddit silver-squeeze campaign.

The two largest US gold-backed ETF trust funds also shrank, with the SPDR Gold Trust (NYSEArca: GLD) now shrinking for 11 weeks running and the iShares gold ETF (NYSEArca: IAU) seeing net investor outflows of 4.5% from its peak in November.

Hedge funds and other speculative traders in Comex gold futures and options raised their bullish betting on the yellow metal in the week to last Tuesday according to data published by US regulator the Commodities Futures Trading Commission (CFTC), reaching the largest net long position in 3 weeks.

In contrast, speculators raised their bearish betting against silver to the largest in 14 months, and cut their bullish positions for the 4th week in a row to a 7-month low.

Overall, that pushed the net long position of Managed Money traders in Comex silver futures and options to the smallest in 10 months.

Back in the oil market, rumor today says Russia will now support a rollover to May of the output curbs agreed by members of the Opec+ oil cartel at this Thursday's meeting.

Ten-year US Treasury yields rose to 1.69%, with investors " betting on a return to normal life" according to Bloomberg.
https://www.bullionvault.com/gold-price-chart.do#

Wall Street is on tenterhooks as the fallout from a hedge fund implosion that roiled the stock market Friday moves to its second trading day.

Traders will be “glued to their screens,” one portfolio manager told Bloomberg. Archegos Capital, the family office run by Bill Hwang that was pushed to liquidate, was forced to sell more than $20B of stocks on Friday after margin calls.

Archegos, a biblical word that means “prince,” led to a tumble in ViacomCBS (VIAC, VIACA), Discovery (NASDAQ:DISCA) and Chinese internet stocks after a margin call.

Hedge fund manager Bill Hwang formerly ran Tiger Asia Management, a spinoff from hedge fund legend Julian Robertson's Tiger Management.
The drop in bank stocks is weighing on stock index futures, which point to a lower open on Wall Street.

S&P futures (SPX) (NYSEARCA:SPY) -0.6%, Nasdaq futures (NDX:IND) (NASDAQ:QQQ) -0.6% and Dow futures (INDU) (NYSEARCA:DIA) -0.6% are all lower.

The SPDR S&P Financial Sector ETF (NYSEARCA:XLF) is down 1.4% in premarket trading. Goldman Sachs and Morgan Stanley moved quickly to exit positions on Friday, but others weren't so quick off the mark.

"It is unclear why Nomura sat on their hands and racked up these large losses," an executive at a Wall Street bank told the Financial Times.
Credit Suisse (NYSE:CS) shares are down 10% in Swiss trading after the company said it was forced to exit positions after the Archegos Capital fire sale.

“While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results, notwithstanding the positive trends announced in our trading statement earlier this month,” Credit Suisse said.

It said that other banks are also exiting positions.

The Wall Street Journal is reporting $30B in stock sales and adds that Deutsche Bank (NYSE:DB) was also selling large blocks of stock. Goldman Sachs and Morgan Stanley have also been reported as offering block trades.

Poor old traders, hope they go down the lavatory, the world wouldn't miss them they serve no good purpose at all!

I agree Dasut, sometimes their press releases could have been written by Sotolo!
But possibly the previous management should have paid more attention to running the Sukari operation properly instead of spending time and money drilling lots of holes elsewhere?
One mine running safely and efficiently is surely a better priority at the present!

This might be very good for Centamin, at least in the short term, it may be because Centamin has been mentioned on one of the YouTube Andrew Maguire Kinesis Live from from the Vault broadcasts regarding precious metals prices manipulation.

Causes of the Great Depression 1929 to 193

https://www.thoughtco.com/causes-of-the-great-depression-104686

ThoughtCo / Vin Ganapathy
By
Martin Kelly
Updated March 26, 2020
The Great Depression lasted from 1929 to 1939 and was the worst economic depression in the history of the United States. Economists and historians point to the stock market crash of October 24, 1929, as the start of the downturn. But the truth is that many things caused the Great Depression, not just one single event

Reasons a Great Depression Could Not Happen Again?
While anything is possible, it's unlikely to happen again. Central banks around the world, including the Federal Reserve, have learned from the past. There are better safeguards in place to protect against catastrophe, and developments in monetary policy help manage the economy. The Great Recession, for instance, had a significantly smaller impact.16

But monetary policy can't offset fiscal policy. Some argue that the sizes of the U.S. national debt and the current account deficit could trigger an economic crisis.

Experts also predict that climate change could cause profound losses

https://www.thebalance.com/the-great-depression-of-1929-3306033

Hi Dasut,
It seems your view on this is spot on, I asked Kees Dekker if he knew anything about how they operate -

"Their approach in Egypt is totally in line with their strategy"
There are many ways to skin a cat!
Many exploration companies will get a larger partner involved to develop and finance the construction of a mine on their discoveries diluting their shareholding down. Usually below a certain threshold shareholding this converts to a Net Smelter Return interest.

Confirms what Andrew Maguire has explained has been going on for some time, evidently there is big buying going on "Under the radar" !
If you use this link you can go back through some of the previous broadcasts if you wish to.
https://www.youtube.com/watch?v=dSZyUezEobs

Sorry, here's the link-
https://moneyweek.com/economy/inflation/602964/heres-why-inflation-will-take-off-after-the-pandemic?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter

Fair comments !
MoneyWeek certainly agrees, giving this some coverage.
• Monday: Here’s why inflation will take off after the pandemic
• Monday web article: The Turkish lira crashed this morning. What’s going on?
• Merryn’s Blog: Why the Deliveroo IPO is good for shareholder democracy
• Tuesday: Why are house prices so high? And what could make them more affordable?
• Wednesday: The inflation narrative has got overheated for now – but it’s inevitable
• Thursday: Will Tesla hit $3,000, or are you better off investing elsewhere?
• Thursday web article: Efforts to refloat grounded Suez Canal container ship enter third day
• Friday: There’s a big boat wedged in the Suez Canal. How will that affect the global economy?
• Friday web article: House price rise slows – but not by much

Dasut, you speak from great experience and as you rightly point out $320m would very soon get gobbled up developing a new mine , when considering Sukari cost around $1.2 Billion thus far.
Your thoughts on Altus are much the same as a contact I spoke to on Friday, my contact said that they are experts at promoting interest in their product but they will undoubtedly have intentions to sell it on, they will never develop it themselves.
As to you thoughts on the concessions and the court case , again you are both of a similar opinions!

Good of you to reply t them Sotolo,
I am sure you will have noticed how the daily financial update over sensationalise every headline and paragraph, a relatively inconsequential or quite normal fluctuation in output or price is reported as a "Crash" "Surging""Range bound" "Failed to rally" Lost confidence""Healthy correction i.e. MM manipulation) and all this in less than a 24 hr period, this type of journalism's purpose isn't to inform, it is intended to panic investors or keep the market fluid to suit those that run it , but it's journalistic value is less than a bucket of horse pis(s!.

So you might care to consider that in fact a potential pit wall failure was actually averted by the safety monitoring systems in place and Centamin being a responsible company decided to temporarily scale back production in order to improve open pit design and production methods to safeguard operatives safety and ensure more sustainable productivity for the future!
Tibbs

Basil 3 should bring about a a decent and more sustainable gold price rise June/July time despite the LBMA getting a compliance deferment until Jan 2022,although that shouldn't make that much difference because all the other big players inc the US & Europe will be abiding by the new Basel 3 requirements.
If the the arrogant LBMA goes down the pan , it could be be a good thing for the precious metals prices!

Thank you Marmot for your opinion!
have a good week end!

Hi Siko,
Hope all is well with you and your family!
Thank you for the information and link!

Tibbs

A parking permit for Youssef !

To the best of my knowledge Youssef has never put a bean in , he has been given shares most of which he then sold for other business ventures, he is only where he is because of who he is!
Early in my working career I was a production shop floor supervisor in a light engineering factory and I was responsible for about 40 production operatives who had to reach certain production targets each week.
My boss Lou the works superintendent was the type of management you rarely come across these days, he started work at fifteen as a machine hand, trained on the job and then worked his way up the management ladder, he was a real character and a great boss, he taught me a lot about the job and also much about life in general that has remained with me to this day.
Lou was greatly respected by the directors who left him alone to do as he saw fit and each Monday morning Lou would call all the shop floor supervisors in for a production meeting to discuss the precious weeks output.
At one of these production meetings Lou said he noticed one of my lines was around 10% down on production and he hoped he could expect to see some improvement over the coming week.
Lou then explained to everyone at the meeting how he kept racing pigeons and fed them the best corn, but sometimes they had off days when racing and so he would give them some time to recuperate.
It seems that although Lou loved his racing pigeons if they didn't improve and were no longer worth their best corn then he would on occasion wring their necks.
Lou said that I had a week to sort things out on my line to see if my pigeons were still worth their corn, if not then I would have to be wringing a few necks!
Lou had other favorite sayings,
"If they don't improve they can lick em and stick em at the end of the week!"
"I hope they like Elton John, because unless they start to perform better they will be going down the yellow brick road at the end of the week!"

Sorry if I appear off topic , but some of you will have a good idea of my thoughts!

Tibbs