Member Info for mrtibbles

Thank you Mick,
A positive write up thank you, was there much more as the end is cut short due to the character site limitation on posts.

Let Endeavour go and dump its debt on another producer Centamin will do much better without Endeavour & Mr Sawiris!

Hi Cowichan,
I can't actually read the whole article as subscription is required, any chance of a posting the whole article or a link to it?
But in any case why not ask Buchanon PR for an answer as they represent Centamin & Capital Drilling. although they did state to me that they are happy to answer any questions.
Also copy in Ms Carse and I can also contact them if you wish?

Goldgnome.
As far a laptop upgrades go the best thing I ever did was to replace the standard spinning 500gb hard drive in my Samsung laptop with a Samsung evo 500 gb ssd (Solid state drive) the old spinning hard drive can be put in a caddy and used as a back up.
When I switch on my laptop the boot up time is just a few seconds and then everything is so much faster.
the changing over of the hard drive is straight forward enough and you are guided through it with the SSD kit
https://www.samsung.com/semiconductor/minisite/ssd/support/faqs-01/
https://www.backblaze.com/blog/ssd-upgrade-guide/
https://www.mrmemory.co.uk/ssd-solid-state-drive-products/range/

Dasut,
You may recall that originally (2018 Q1) there was only one LHDR at Sukari, after it's extended down time and the unavailability of spare parts an additional LHDR was brought in.
So would it be the latest spare LHDR (paid for by Capital) that it is alleged has been mistakenly blown up?

After hearing some of the questions asked by some analyst's at recent Centamin telephone Q & A sessions I contacted a couple of the analysts suggesting that they may care to consider asking some of the questions that we as a group of investors have raised amongst ourselves but have been unable to get answers to.
After few days I was contacted by Buchanon P.R.who stated that they had received complaints from certain analysts that I had been bothering them by suggesting questions that they should be asking Centamin.
It was pointed out to me that I was breaking some FCA regulations by contacting Corporate Brokers, however Buchanon where permitted by financial regulations would be happy to answer any questions I may have in the future.

Some of you may recall when Andrew Pardey announced the downgraded guidance in Q! 2018 he said this was due to due to hitting unexpectedly low ore grades and spares difficulties for some underground plant, I did point out at that time at the time that it was as though the management were trying to downplay this oversight or failure by the responsible specialist contractor and the impact on overall production that the the failure of the LHDR would have.
After this announcement I asked to Ms Carse of Centamin Investor Relations why the Centamin management had failed to mitigate production risk by not having enough or appropriate spareS on-site for such a critical piece of equipment (LHDR).
Miss Carse explained that Centamin had followed standard mining industry de risking procedure by delegating the ultimate underground production responsibility (LHDR) to Barminco and the specialist open pit drilling production responsibility had been delegated to Capital Drilling.
After this conversation I did email her and Buchanon PR (twice) asking if there were penalty clauses (T&C) for lost production in the drilling specialists contracts (i.e. compensation payable to client after certain period of down time or disruption to overall output) I have never received any reply or answers.
Some forum members felt that it would be unreasonable for such penalty clauses to be in place in any contactor as it would push up the cost by a prohibitive amount.
However in the light of Cowichans latest expose should it not be asked what penalty clauses are operative in the case of gross negligence on the part of the drilling spaecailist (i.e. blowing up essential production plant)
After the announcement that a new LHDR rig was being commisoned at Sukari atthe next conference call I asked Andrew Pardey who was responsible for the cost of this latest LHDR , he replied "Capital Drilling".
Some members will recall that some members of the El Raghy family and also Centamin hold shares in Capital Drilling.

As a former BP share holder well remember the BP Deep Water Horizon disaster and the way BP got screwed for compensation whist Halberton the specialist contractor who was actually responsible for the valve failure that caused the huge oil leak got ff off with a slapped wrist by comparison
https://www.bbc.co.uk/news/business-29069184

DIRECTOR DEALINGS: Petropavlovsk CEO Buys GBP2.3 Million In Shares!

This is what we need our Cey directors to do!

Thank you Siko, good news indeed!
After this Endeavour and Sawiriis will be hoping all the more to get their hands on Centamin!

Hi Dasut,
Thank you for your opinion on this good news from Siko!
From what I hear it was a really good thing when Jeremy Langford took over production, lets hope this is the real turnaround now!

Thank you Supercharger for the explanation, this process certainly makes it apparent to other share holders of some of the interest in Centamin that would otherwise remain undisclosed.

Well found Cowichan!

Thank you for your good wishes Mizolgit!
May I reciprocate by wishing you & your family a "Happy New Year!"

It would be fantastic if we had Keith Neumeyer as CEO he would certainly run rings around Endeavour & Mr Sawiris!

Hi Sotolo,
I don't understand why some on the ADVFN board have to be so rude to others, as you say it includes far too much schoolboy bickering!

Banks make biggest job cuts in four years as Morgan Stanley trims
Dec. 27, 2019 3:51 AM ET|About: Morgan Stanley (MS)|By: Liz Kiesche, SA News Editor

Banks are making the biggest round of job cuts in four years as they extract costs to counter a slowing economy and adapt to the rise of digital technology, Bloomberg reports, citing filings by companies and labor unions.

More than 50 lenders have announced plans to slash a combined 77,780 jobs this year, the most since 91,448 in 2015.

Facing the burden of negative interest rates, European banks account for almost 82% of the total.

Morgan Stanley (NYSE:MS) is the most recent bank to join the year-end efficiency campaign, cutting ~1,500 jobs, according to people familiar with the matter.

In Europe, banks are struggling as the region's export-oriented economy contends with international trade disputes and negative interest rates erode lending revenue.

Germany's Deutsche Bank (NYSE:DB) tops the list of planned job cuts with a planned headcount reduction of 18,000 through 2022 as it shrinks its investment banking unit.

The Endeavour offer is complete pants and if they succeed then they will have Cey share holders pants down and deny them their long awaited and just entitlement!
As many of our long term members are aware years ago before the completion of stage 4 repayment of CAPEX the share price was way above these levels!
The Endeavour offer is possibly one of the worst and most devious threats that Centamin has ever had to confront, worse than revolutions , licence suspension, court case ,fuel and explosive shortages and the initial enforced change of the president and government!
True we have gone through a very difficult period of surprisingly regular set backs since Q1 2018 which after the recent hostile take over bid by Endeaayor backed by Mr Sawiris must make share holders wonder if the ongoing failures to deal with the problems were down to the acquiescence of someone with ulterior motives working to an agenda from outside the Centamin camp?
Of course this is just supposition that may be totally unjustified, but after the hostile actions by Endeavour with their reluctance to be open and true about their accounts, coupled with their supporters attempts to undermine the Centamin share price is it any wonder that suspicions may be aroused?
Endeavour and Mr Sawiris are desperate and most probably realise that their offer of far too few shekles will be shown up as the joke it is after the results are released by Centamin on Jan 15th 2020!

I just tried the ADVFN Cey share chat as some o the posters seem to be less well informed about the implications of the hostile bid by Endeavour & Sawiris
The actual ADVFN chat board is poorly designed , not at all user friendly , it kept timing me out and advising me to upgrade and subscribe to paid services.
The site seems just geared to getting paid subscriptions out of members , the adverts that keep popping up are annoying to say the least , the site is slow to respond and the site map is possibly one of the worst I have ever encountered whilst the navigation is hit and miss, in between timing your search out!
I am surprised that so many people seem prepared to put up with the the lack of useful functionality of the ADVFN share chat site.
The design and functionality of this LSE website is far superior to ADVFN ,as is the information and help provided by the forum members!
Well done and thank you to LSE webmaster and all of our Cey forum members!

Tell Endeavour to go and swivel
They are heavily indebted have poor resources under insurgents threat and their performance is less than mediocre, also by a CEO who is under investigation for fraud!
If Endeavour and Sawiris get hold of Centamin they will asset strip it !

Hi Mizolgit, lets hope that Josef and the board have a strategy in place!
https://money.howstuffworks.com/hostile-takeover3.htm
https://www.investopedia.com/articles/stocks/08/corporate-takeover-defense.asp
https://www.biryuklaw.com/hostile-takeover-defenses/