Member Info for mrtibbles

Thank you Mr Gnome, as always your posts are full of interesting information!
This morning BBC news stated that Boris Johnson is to announce £160 million support with the wish that all UK electricity in the next ten years should come from wind farms and the building of the related equipment will create jobs.
This is "Sweet Shop Mentality" i.e, showing the punters what you think is the favourite flavour of the present, until they tire off it!
In my view this plan is outdated in many ways and one which leaves the ordinary people dependant on the big six energy suppliers !
How much better to adopt instead the vision of Jeremy Rifkin where the ordinary people are empowered to produce their own energy at much lower cost cost, share the surplus with their communities or sell their surplus back to the the national grid , this is an idea that is being adopted throughout Europe and will be better for the ordinary people and the environment!
You may recall you posted this link in the past
https://dldnews.com/jeremy-rifkin-interview-green-new-deal/

Well done Prof!
Always great to hear that things have gone the right way , especially for our friends on here!

nice one Brew, lets hope Trump chokes on it!

Hi Razors,
it was really unfortunate that this latest production problem occurred so soon after Martin Horgan took the chair, but I feel so relived that Pardey is'nt still CEO, he would never have been capable enough to sort the problem.
Hard to believe that the USA can only come up with a choice between Trump or Biden for president, most probably because it's so hard for ordinary people to get into oolitics ,and even if they do only those that tow the party line stand any chance of progressing because the political parties are controlled by an inner circle who want to keep the status quo.
Just like in the UK, our ruling governments go from bad to even worse, the present lot are totally corrupt, Cummings dictating flawed policies, whilst jobs, peerages & contracts are dished out to the upper party faithful, and the private sector gangsters cherry pick anything worth taking from the public sector, bugger the people they can suffer and pay the price for decades to come whilst the environment goes down the pan.
More Covid lock downs to be phased in because yhe NHS can no longer cope with most things apart from box ticking and covering its arse, against litigation, more jobs lost and the likelihood of a looming recession far worse then 2008 the cause of which Boris & Co will blame on someone else or Europe.

Quite so Soulsister, things are purposely made made hard to follow in the corrupt market system, it runs hand in glove with the bent and unfit for purpose political system, with luck both will collapse before very long and that should be good for gold, hopefully the pound, the dollar and the fiat monetary systems should be exposed for what they are and flushed down the lavatory pan and precious metal backed crypto currencies will emerge which will free from manipulation by those running the scam at present
So stay enthusiastic about gold, or a decant gold miner, or both, your day will come!
Lets hope Martin Horgan will soon get the present production hold up sorted and hopefully announce an additional Centamin Egyptian concession!

Noticeably no mention of Trumps wife's condition, I remain sceptical that Trump had the actual virus and suspect that this was a stage managed stunt to try and gain some political advantage.
Thee so called crowds that cheered on Trumos release were most probably cpaid retins brought in by bus, why else would anyone with any conscience cheer that such an odious creature had survived a virus attack, if the Trump did have a Covid-19 attack then the virus found Trumos innards so repulsive it bailed out.
Looking forward to Trump losing the election and seeing him implode!

At the end of the day there is a general tidying up of buys and sells ((uncrossing trades) so things are not always as they seem.

I am sure we all hope so Mr BingBong!

Nice to hear from you again Marmot, hope all is well with you !

Hi Cowichan,
Some excellent research Cowichan, as always thank you!
If it were possible to make a special award for dedication to researching and finding the facts , enthusiasm. optimisation, supporting your fellow share holders and just being such a very decent chap then you should certainly receive such an award!
Well done!
Best

Tibbs

Sorry UK , I don't understand your point?

I am sure some of you will recall when recently and our share price was in the £2.00 region our good old Market warned how quickly those profits on parer can fade away, wise words indeed!

Hope Market is OK!

The Share price hammering would seem to be unjustified and illogical, but to be expected as the MM make the most of a golden opportunity to churn the shares and maximise profit on the fear factor!
It is unfortunate hat this present incident should occur relatively so soon after 2018 when Andrew Pardey & Youssef made some fantastically over optimistic production predictions, this despite Andrew Pardey being alerted about grade problems over two years earlier, but then in 2018 claimed the grade problems were unexpected and issued the famous 2018 RNS guidance reduction.
This did great damage to the market creditability of the company for which we the share holders paid a hefty price, although under new leadership there seemed to be great improvements being made the share price rose and the was some restoration of overall market confidence, albeit a fragile one, until there was "Proof in the pudding" or a delivery of predicted guidance!
it is really unfortunate this incident has taken place, although the company has quite rightly made H&S paramount in its actions
Those mining experts amongst us may have some idea of whether Youssef as Sukari G.M. would have any idea/suspicions of the collapse potential this pit wall weakness prior to his share sales, of course he may not have, and for whatever reason and it may just be an unfortunate coincidence, but as he is responsible for H&S if he did have any suspicions then surely the board should have been made aware sooner or prior to any management share disposals, that would seem the right way to behave?

I see we have some new member to to our forum, welcome to you all,those of you that have come over from another well known forum will find this one very different nd be able to benefit from a wealth of knowledge and experiences from some very helpful and supportive fellow members
Long term holders have been through so many difficult situations in the past, each time they happen we hope it is the last and remain firm in our investment and belief in Centamin, let's hope with the new CEO and so many other changes being put into place and the soon to be announced Egyptian concession results that this really the start of a more stabilised future for Centamin and its share holders!

Possibly Trump did have a mild dose ,nothing much about his wife Covid-19, in the news, considering Trump is devious, selfish and desperate to retain his hold onto power I wonder but wonder if this was some orchestrated publicity stunt to try and gain public support?
Trump probably saw that Boris gained some sympathy from the public and so thought why not pull out the "Sympathy* & " We are all in this together" cards to again some political ground, also he knew that initial drop on the news of his hospitalisation and then his miracle recovery would create a drop and then resurgence the Dow which would be popular on Wall Street.
The safest way forward for the planet wound be to take away Trumps phone, close his twitter account and isolate Trump and his senior advisory for six months, ideally in a secure lunatic asylum!
It wouldn't be a bad idea to do the same to Boris and his cabinet, and and that awful thing Farage!
At present the world is on a downward spiral and if these selfish and uncaring leaders remain in power there is no hope that things will improve anytime soon.
Sadly, so many of the general public remain unaware of the true deviousness of their political leaders and the depths to which they will stoop to gain and retain their hold on power,
In the UK the government has been cutting funding selling off the NHS & social care for two decades which was suddenly very apparent at the outbreak of Covid-19, so the launch of "Save the NHS" and the public fell for it, n the meantime the old people died in secret and the NHS saved lots of money not carrying out routine treatment, this situation continues with the latest partial shut down.
In the US Trump has been systematically starving the postal services of funding and facilities as a way to control peoples ability to have their postal votes considered.
in the UK parliament is in the final stages of pushing through an emergency bill that will deny many more thousands of people of even the opportunity to have a vote in future elections.
(See the Electoral Reform & Make Votes Matter websites)
I am sure that Mr Gnome will have some thoughts on this.

Sorry typo in 2nd line of my reply to Goldgnome, should read "however it is reassuring to see your confirmation"
Wish we had an edit facility on here!

Good point Zambianminer, if he did and it was in Egypt it must be a very big one!
So presumably a purchase that large would hit the news , keep a look out, but perhaps best not to be too disappointed!

Very fair comments Sotolo!
I feel happier that Martin Horgan is now CEO, but I still feel that Youssef is dead wood and certainly feel very uneasy about his share disposal , Youssef appears as much use to the company as chocolate teapot!
When you think about it logically, how many other gold miners would employ a former police captain as general mine manager , wouldn't they at the very least want a candidate for post that was experienced in mining in some way, had Youssef not been an El Raghy then he may have got a job on gate security, nothing more, he is a very expensive passenger despite the spiel on the website!
His share sales demonstrate that he is a taker with mo commitment other than to himself., not a contributor!

Hi Mr Gnome,
I was pretty certain of your reaction to this latest Sukari production interruption, however it is repressuring to see your confirmation, as you say far better to have proactive and timely professional intervention.
We are indeed fortunate on this forum to have fellow members with such a wealth of wide ranging professional experience across the mining sector.
You will have no doubt read the comments by Dasut,Mr Bond & others who all make very valid points which is also very reassuring for fellow share holders.
I wonder do you have any opinion on Youssef's share sales a month before this occurrence, I wonder as Sukari GM would he have had any inkling that there was a chance of this wall collapse?
I have long felt that Youssef is not the best choice for his post and only in the job because of family connections, I thought about putting this in writing to the board, but then if he was removed he is the type (loose mouth)who could undermine the future of Cenatamin, so perhaps better to keep a lame duck in house where at least they can keep an eye on him!
Yes, the MM have certainly overdone the SP bashing!

Hi Rebess,
This was the closing price on Google finance , I was hoping it was correct !
https://www.google.com/search?client=opera&hs=HP9&ei=mrN4X5iHDJOugQa6qInIDg&q=google+finance+centamin+share+price&oq=google+finance+centamin+shre+&gs_lcp=CgZwc3ktYWIQARgAMgcIIRAKEKABMgcIIRAKEKABOgQIABBHOgYIABAWEB46CAghEBYQHRAeOgUIIRCgAVCGLljaT2C4ZWgBcAJ4AIABlgGIAfIGkgEDMC43mAEAoAEBqgEHZ3dzLXdpesgBCMABAQ&sclient=psy-ab

Quite so , I agree Thunder, why was Friday's punishment by the market so severe, well it may be because unfortunately in 2018 less than 3 months after Youssef El Raghy & Andrew Pardey had predicted a record year of 580-600,000 oz an RNS guidance cut to 505,000 oz was issued due to hitting unexpected low ore grades ( they were highlighted in 2015 to Pardey) and a shortage of spare parts for plant, the plant in question was a sole running on limits LHDR, critical to underground production, Oh dear somebody forgot to order them! (complacency!)

So here we are in 2020 , supposedly lessons learnt and in for a great year then surprise surprise or "Deja vu"an RNS warning of a guidance cut because some management have been complacent, yet again!

Friday's RNS I ran this past a well respected mining consultant, see below

"It reads as if management were avaricious (greedy) in terms of planning too steep wall slopes and/or insufficient expenditure on geotechnical studies in the past."

Also What H&S risk assessments were carried out, and by whom?

So on first impressions it appears to be another case of complacency/ laziness or both that the share holders now pay for!
i.e. What H&S risk assessments were carried out, and by whom?