Member Info for mrtibbles

First Direct share dealing ( HSBC)are excellent , divi credited to my account on divi pay day !
To be fair though this is partly due to the efforts of the Centamin company secretary in 2016 who put great effort into getting share holders divi payments paid on time!

Centamin Divi Payment

For those registered holders who have elected to receive sterling, the dividend is calculated at the rate published on our website on 19 September 2016 see link:

http://www.centamin.com/investors/shareholder-services/dividend-information

Following the issues HSBC share holders experienced with the final dividend in May, our registrars wrote to the HSBC nominees inviting them to register on-line and elect for all nominees to receive electronic payments (either sterling or US$).

It is firmly with HSBC to action these requests and lodge their instruction with our registrar. I can assure you that funds were deposited with our registrar well in advance of the payment date and both electronic payments and (where applicable) cheques were sent out on 7 October 2016.

Kind regards
Darren Le Masurier
Company Secretary
Centamin plc

I asked London gold trader their view on POG, see below

"We geared up for this dip , its rollover ‘air pockets’ , however, once we get Next weeks Golden week holiday out of the way it’s the commencement of a retest of all new highs. "

Dasut, You have personal experience which I don't but but the local people shouldn't ned to take such risks just to survive, there are better and safer ways to provide employment and income for them in the 21st century.

https://www.business-humanrights.org/en/drc-illegal-gold-mining-in-the-north-east-continues-to-fuel-conflict-despite-conflict-mineral-regulations

Sorry Typo below - should read "What about the huge environmental damage and the exploitation of workers and local communities caused by artisan and illegal mining?"
So much corruption in many of these governments with senior officials making money out of illegal mining and yet they also want to take a cut from the companies that mine legally and make some effort to comply with environmental standards.

(I do wish that this site had an edit facility on the posting section)

What about the huge environmental damage and the exploitation of workers and local communicates caused by artisan and illegal mining?

The way that American banks are buying up water rights & companies (including the UK) it seems likely that H2O may well be a contender to replace oil.
The whole financial and monetary system needs changing, it is unfit for purpose, it is immoral that whilst so many live in squalor and extreme poverty that so much money is made by the privileged few that trade just for the sake of trading!
Most of this commodity trading is unnecessary and pointless ,it is wasting, destroying and exploiting the ever diminishing natural resources of our planet.
Time to shut down the casino comex & forex trading rooms!

See the response from Centamin regarding the conflicting media reports on the recent anti Sisi riots, I find it somewhat reassuring and certainly confirmation of what Siko was good enough to post.

Centamin have kept an eye on events in Cairo of course. Closer inspection would lead us to believe there is a great deal of false reporting going on – which Aljazeera has since apologised for. There was a protest of about 40 people for half an hour that had been magnified by international media.

Centamin does not have any operations in Cairo and of course the safety of its staff remains of paramount concern, yet this ‘disturbance’ has had no effect on Centamin nor its staff, so subsequently there was no merit whatsoever on making any public statement on this.

Thanks for your concern though, it is appreciated.

Will Boris try to delay coming back to face parliament by claiming he was booked on Thomas Cook?

Courts rule Boris acted unlawfully!
https://uk.finance.yahoo.com/news/pound-sinks-ahead-of-supreme-court-ruling-on-johnsons-parliament-suspension-082429631.html

Hi Siko,
Anyone invested in Centamin needs to keep informed of what is going on in the region, but this is difficult as the accuracy of many of the reports cannot be relied upon, which is why I provoked the debate on this matter.
I was hoping that my post would encourage you to respond and you have been good enough to provide a reliable account of the true facts which is most reassuring for everyone on here.
Thank you Siko and keep well!

No need to apologise, what I said was that far too many publications put pressure on their writer's & journalist to slant articles or news reports to suit major sponsors and advertisers, that is the experience my wife and many of her journalist friends.
Most nights I listen to the BBC world service as the coverage of current affairs and news from all over the world is far better than any other media coverage.

Quite so Mick, whereas Gulf news is a puppet of the oppressive regimes in that region and certainly not impartial.

Gulfnews sounds like it is part of the Sisi PR unit and member that Sisi is somewhat of a dictator
and he allowed the authorities to deny ex president Morsi of his proper medication for diabetes and heart condition
The BBC are t more impartial than most and their journalists are required to do proper research and present both sides of the story as it unfolds.
The problem today is that many people just choose the medias or social media coverage that agrees with their own opinion .
All news needs to be interpreted from as many sources as possible .
https://www.aljazeera.com/programmes/insidestory/2019/09/protests-egypt-president-el-sisi-spread-190922190725176.html
https://www.nytimes.com/2019/09/22/world/middleeast/egypts-protests-sisi-mohamed-https://www.youtube.com/watch?v=qMGfqPT5uxs
https://www.trtworld.com/middle-east/anti-sisi-protests-break-out-in-egypt-several-arrested-29986

Saudi and Emirati media dismissed anti-Sisi protests in Egypt that called for an end to the military leader's rule on Friday, despite global coverage.

The two Gulf states, both of which key allies of the Sisi regime, failed to report on the events in the country, according to a report published by Arabi21.

Major newspapers, including the UAE’s Al-Ittihad, Emarat Alyoum, Al Bayan, as well as the kingdom’s Okaz, al-Watan, Medina and Riyadh, made no mention of the protests though some reported a football match between Egypt’s Al-Ahli and Zamalek teams.

Even English platforms, including Saudi's Alarabiya and the UAE's Gulf News and The National followed suit, indicating a clear policy toward reporting the events in Egypt.
https://www.alaraby.co.uk/english/news/2019/9/21/saudi-uae-media-fail-to-report-anti-sisi-egypt-protests

Hi Dansul.
Thank you for the reply and the link although to be fair I would rather trust the integrity and the accuracy of the reports from BBC The Guardian & CNN than "Gulfnews".
"Gulfnews" cannot be regarded impartial and tends to be very biased in some of its reporting
This was my reason for supplying more than one link on the issue

I wonder if our old friend Siko will comment on these protests?

Sisi really needs to start delivering on some of his promises such as improving the standard of living for ordinary Egyptian’s and he could achieve that by sorting out the judiciary (SCC) who go out of their way scupper foreign investment (Law 32).

Hundreds of Egyptians arrested in latest wave of protests against Sisi
Egyptian authorities on Sunday detained an award-winning human rights lawyer after she attended judicial investigations into protesters arrested during recent demonstrations against President Abdel Fattah el-Sisi, her lawyer said.

Mahienour El-Massry "was arrested as soon as she left the State Security Prosecutor's headquarters in Cairo where she had attended the investigations as a lawyer for several of those arrested during the demonstrations", Tarek al-Awadi said.

Hundreds of Egyptians took to the streets in Cairo and several other cities across the country on Friday and in Suez on Saturday, to call for Sisi's departure.

According to the Egyptian Centre for Economic and Social Rights (ECRF), 365 people have since been arrested, AFP reported.
https://www.middleeasteye.net/news/call-democracy-egypt-dozen-protest-outside-sisi-hotel-nyc

https://www.bbc.co.uk/news/world-middle-east-49777287
https://www.theguardian.com/world/2019/sep/22/hundreds-of-egyptians-arrested-in-latest-wave-of-protests-against-sisi
https://edition.cnn.com/2019/09/21/africa/egypt-sisi-protests-intl/index.html

Some of the long time holders on here will remember our old friend "Sinnerthesaint" who contributed some really informative posts over the years before moving on because he didn't see an end to the court case anytime soon!
Sinner quite an authority on company law and legal issues so thought some of the newer members on here may find this post from 2015 interesting.
I did pass Siiners view onto the Centamin IR unit at that time for comment, none were received back though.

"'Concession Agreement Law 222' is still in place, uncontested" - It is being contested by Al-Fakharany, this is his appeal as part of the case Al-F vs EMRA.

"The question would be how large an area both parties are likely to agree to. - 160km2 or less or more" - The parties in question here being EMRA and Centamin, both parties already agree on 160 sqKm. Remember, it is Al-F who by trying to put the whole concession agreement into question has unravelled a mystery in the original court with regards to the contract.

"I'm surprised this step hasn't already been taken as an expedient to bringing it all to an end" - As I explained above, unless there is some kind of settlement with Al-F, then it doesn't matter if Centamin and EMRA agrees, disagrees or re-agrees a new area.

I believe that Al-F will lose appeal on Concession Agreement as that was a law set by parliament. Issues with the contract itself, if the court decides there are any, will probably range between a special committee including Minister of Justice, Investment etc .. resolving it or it being kicked back to parliament (This could be dealt with by Sisi but with reference to his behaviours, I believe he will leave it for parliament).

I realise fully that this view point throws a thousand more questions .. such as what happens in the meantime, can the mine close .. what happens to PGM etc etc .. But before all this gets answered, I believe there is one important point to take notice of and that is Centamin is unlikely to agree on much less than 160 sqKm. and that is because of the high chance they'd win the case in an international court. Good strategy for very long term holders but short term holders will probably highly suffer.
All this however will not tell us how the price will behave in the market in the short-term.

Opened up by 2.45p but as usual gets knocked back despite the POG still $1314

Fake gold!
ndia's Economic Times today reports that machines for faking brand stamps from the leading small bar manufacturers in Switzerland have been found in Mumbai's Zaveri Bazaar

"Fake bars have impurities embedded in them and are sold at rates for genuine bars," says ET, "causing huge losses to genuine manufacturers."
https://www.bullionvault.com/gold-news/gold-bars-092020192

https://www.lse.co.uk/DirectorsDeals.asp?shareprice=CEY&share=Centamin-PLC

Hi Dan,
Have a look when most were sold see above.

Good points Market!
So where is Josef now?
Do you have a link to the Hardman report that states there is only 10 years of life left in two of the Centamin sites