Member Info for mrtibbles

Hi Dasut,
Possibly you questions haven't been answered because we are now in a closed period just before the results are published, as you say insider knowledge.
Although IR should at least have given you he courtesy of acknowledgment to that end.
After your comments on hedging I came across this article.
https://www.vaneck.com/insights/blogs/gold-investing/gold-hedging-a-precious-lesson-learned/
As someone already mentioned some of the prediction experts and chartists know what's about to happen re the POG then should be very rich and certainly wouldn't need to be selling their subscription services!

Hi Dasut,
According to the GoldPredict website the price of gold is likely to fall further for some time
although I hadn't heard of the site until someone posted the links on this forum.

Did you address your questions on access and production to Buchanon or Centamin IR?

You should really get an answer or at least an acknowledgement of your questions, if you don't then perhaps you should put your questions to the manegment on the next telephone conference call session.

I wonder why some of the Cey and media analysts don't ask more about these very important issues on behalf of investors?

Perhaps the analysts don't have enough on the job practical experience of the production side ?

Yes that formula does make it all seem so predictable, perhaps it was so easy , although the world is much more unpredictable these days!

So you may ,although the way the company is being run at present and with the price of gold being manipulated down you may even get in around 80p, if you want to risk it!
Premium bonds are probably a better bet at the moment!

This does not bode well for the COMEX, LMBA and western bullion banking cabal.

Excellent especially if the setting up of these new physical gold exchanges help bring about an end to the dominance of the the LBMA and the manipulation of the price of physical gold by the Comex.

So many people don't seem to realise the extent they are going into debt, they just want the latest gadget,smart phone, car or settee now!

I agree the manipulators aim to create as many trades up and down in any period as possible , obliviously the bigger the fluctuations in prices they can influence the more profit they make and then it starts all over again!

First Majestic Produces 6.6 Million Silver Equivalent Ounces in Third Quarter
Vancouver, BC, Canada - First Majestic Silver Corp. ("First Majestic" or the "Company") announces total production in the third quarter of 2019 reached 6.6 million silver equivalent ounces, representing a 4% increase compared to the prior quarter. Total production consisted of 3.4 million ounces of silver, 35,791 ounces of gold, 1.9 million pounds of lead and 1.0 million pounds of zinc. By the end of the third quarter, total production in 2019 has reached 19.3 million silver equivalent ounces, or approximately 77% of the Company’s guidance midpoint of producing 24.4 to 26.0 million ounces.
THIRD QUARTER OPERATIONAL HIGHLIGHTS
• Record consolidated average silver recoveries of 88%, the highest in the Company’s 17-year history
• Record production at Santa Elena of 1,859,170 silver equivalent ounces, up 27% from the prior quarter
• Five-year production high at La Encantada of 885,627 silver ounces, up 81% from the prior quarter
• Achieved average silver recoveries of 82% at La Encantada, the highest recovery rates in recent history at this mine
• Reached steady state production of the new 3,000 tpd high-intensity grinding (“HIG”) mill at Santa Elena, making it the only hard rock operating HIG mill in Latin America
• Began initial earthwork activities at Santa Elena’s Ermitaño project for surface facilities and development of the underground portal
“Total production increased 4% quarter over quarter due to higher grades and recoveries at both our Santa Elena and La Encantada operations,” said Keith Neumeyer, President and CEO. “At La Encantada, silver recoveries averaged 82%, making it the highest recovery rate since owning this operation, following successful plant modifications to optimize ore handling and processing. In addition to higher recoveries, silver grades at La Encantada increased 59% pushing silver production to the highest level since 2014. Production at Santa Elena also reached a new record as higher gold grades were produced from the Main Vein and overall higher metallurgical recoveries were achieved following the start-up of the new HIG mill. This new mill is proving to be a major asset for this operation and I would like to recognize our projects and innovations team for a job well done.”
FIRST MAJESTIC SILVER CORP.
"signed"
Keith Neumeyer, President & CEO
www.firstmajestic.com

The manipulation of the gold and other markets was going on long before 2008 (Nixon) although the manipulation of market prices certainly helped bring about the 2008 crash
Pushme if you made films that prove that there is no corruption or unethical behaviour going in in the futures/synthetics markets then you should show them to Jeremy Lefroy MP he would be very interested to see them as he is asking for information on the manipulation of the precious metals markets.
If you have come to the conclusion that the manipulation of precious metals prices is just a conspiracy theory then possibly you weren't looking or had access to the right places or the conclusion of your films had already been decided.
I am sure that other forum members would also be interested in your films, perhaps you should consider posting a link to them?

(London Gold Market) and gold futures derivatives (COMEX). This trading creates paper gold supply out of thin air and is also highly leveraged and fractional in nature since the paper gold claims are only fractionally backed by real physical gold.

In any other walk of life this would be regarded as a scam and the people doing it would be brought to account.

(London Gold Market) and gold futures derivatives (COMEX). This trading creates paper gold supply out of thin air and is also highly leveraged and fractional in nature since the paper gold claims are only fractionally backed by real physical gold.

If this is so then why is the price of actual gold bullion affected by by the trading in the paper markets?

These highly leveraged synthetic gold trades are immoral and unethical and serve no justifiable useful purpose whatsoever.

All just based around demand and supply ?

This statement is absolute rubbish, we have all witnessed what happens to our SP & the POG when huge buy or sell orders for synthetic or non existent gold are placed , their main purpose is to create trades by causing panic which drive the price of real gold whichever way those controlling the markets desire.

The synthetic markets have far reaching and damaging effects on the environment and ordinary peoples communities,livelihoods and futures

It is also worth remembering that the share price wasn't far off where it is now before stage 4 was open and when profit share was somewhere in the future!
It is confidence in the capabilities of the management that is needed now

Sotolo ,we certainly don't need any more negativity, confidence in Centamain is about a low as it can get!
I appreciate that you want to pick up shares at a lower price but that also knocks down the price of the those you .already hold.
No disrespect but whatever you or even the rest of us retail investors hold what we buy or sell is of no consequence when compared with the huge amounts traded in CFD positions by the big funds.
There are far too many shares in circulation which devalues the share price and dilutes the dividend!

Do world events or even market conditions really justify such a gold price pull back?
Or is that those control markets have decided to knock back POG because it suits their present trading strategy?

The opinion I posted was that of Buchanon not mine!
Although if either the manegment or Buchanon were a meal they would be described as "Bland"
There are far too many shares in circulation that are just traded by the CFD funds who have no interest in the company or the stability of the share price, trading up and down is their only interest.
The court case regarding the concession agreement has remained in limbo for over eight years and the company portfolio shows several potential new sources of gold elsewhere in Africa, although nothing seems to actually happen, apart from each quarters colorful re worked stage managed presentation when the usual analysts ring in.
So here we are the company gets by because it has been fortunate enough to be sitting on a reasonable source of gold in Egypt and the bottom line has been good despite a possibly over generous profit share agreement.
The ordinary share holders have been told to be patient and given many promises over the years that the good times are coming although they seem to be farther away then ever after recent events!
Whilst many ordinary share holders will discuss their frustrations on forums like this there very few indeed who will take the trouble to write or email the company with their concerns which is a great pity.
I only wish many more share holders would put their concerns in writing to Centamin and keep a record of any response they may receive.

Fair comments Goldgnome, but to be frank this type of reply from BuchanonPR is to e expected.
I am sure that since the events of Q1 2018 certainly most long term share holders will have their own opinions on the credibility and capabilities of the board members.
Another investor mentioned that Buchanon had stated that it was against financial regulations for retail investors in Centamin to personally contact the analysts listed on the Cey website.
Any retail investors who require analysts views on the company should go through Buchanon who will provide the information.

Sorry typo in previous post below!
Should read Buchanon should be far more 'Proactive' in promoting every piece of positive news at every opportunity !

Thank you Dasut,
So many questions that need answering, or at at least they should be providing some ongoing updates on these other projects!
Buchanon should be far more provocative in promoting every piece of positive news at every opportunity !

My knowledge of the the professional capabilities of the new Centamin board members is limited to the information given on the company website.
However your recent post inspired me to enquire about the two new appointees to the Centamin board

Tibbs

The official response from Buchanon

Everyone is entitled to an opinion or to speculate about comings and goings of various people. Jeremy Langford was a very successful COO at Endeavour. His track record speaks for itself. I certainly hope he will be at least as successful at Centamin but he has only really only just got going.

Re Catherine Farrow, again people’s views on what happened at TMac, are entirely up to them – however, she provides a different technical perspective in relation to the rest of the board and is a valued member of the board as a non-executive.
As far as we are aware at this time she is unlikely to be a considered a candidate to become CEO of Centamin if that is what some share holders may be thinking.

Hi Gnome & Dasut
Take the points about interest rates & production
As a long term investor though what concerns me is that the production side seems to be getting worse not better.
Andrew Pardey stated that communications with share holders would be improved, there is little evidence of that .
Being polite the performance of Buchanon PR is questionable and seems to have made things worse especially since Q1 2018
We are told that lessons have been learned and that the management really feel do understand the concerns of investors and feel their pain?
We were promised that production would improve towards the end of Q3 2019 and yet very recently out of the blue an RNS that the CEO is retiring and another veiled warning of a Q3 that will fall short on what was promised.
With the ongoing production and ore grade problems the Centamin share price and future is now is very much dependant upon the POG staying above $1500 and we all know how fickle and manipulated that can be.
Surely though with all the very good drill results in BF there is a substantial revision to reserves waiting to be revealed and would provide some very welcome good news at this time.
Share holders were in fact promised a BF update several times over the past 36 months, however this has never materialised.
I have very limited knowledge of gold mining technique but it seems that the Cleopatra slope development has been going on forever and yet they have little to show for all this effort and expense, I wonder does this make business sense?
After so many failures to deliver on what was promised I an sure that I am not alone in feeling let down and very disappointed about the present situation in which we find ourselves.

Very good point Cowichan!
Perhaps some of our members could email Centamin IR and ask that question?