Member Info for mrtibbles

Notice Andrew Pardey's' body language?
Do you think he look comfortable in this role?
Does he inspire confidence in you as an investor?

Strange how the crime involves hundreds of billions of dollars and yet the fines are a few billion?

Gold price manipulation is bad enough, but the manipulation of the price and availability of water by the commodity markets is abhorrent, so what about the wildlife and the indigenous communities of the world are they now to be left to die of thirst because investors have decided to deny them access to the planets water unless they can pay for it?

All very well introducing these new laws to encourage foreign mining companies to invest in new operations in Eygpt, but what about the couldn't be asked SCC sitting on law 32 Law and the unresolved court case based on innuendo and bogus claims against Centamin.

Thanks Cowichan for your thought provoking perspective on the situation, you raise some very valid points . although I hope not too many more years pass by before we all enjoy that last dance at the golden flip flop party!

Hi Dansul,
Thank you for you thoughts on these issues, you raise some very valid points , I find it helps a great deal to discuss these things especially with other long term members!

So how many years now have they been considering this, if Egypt wants to encourage more foreign investment sorting out this lazy shower should be a top priority!

Nearly all gone now though, probably end up wiping our face again if we are lucky!

So world production of oil down 5% yet initially in Asia trading the price of oil increased by 20% before dropping back to around 15% by close, MM making a killing!

Week end shrikes on the heart of the Saudi oil industry forced the kingdom to shut down half its crude production, amounting to a loss of 5.7M barrels a day, or roughly 5% of the world's daily production of crude oil. Yemen's Iranian-aligned Houthi rebels claimed credit for the attack, saying they sent 10 drones to strike at important Aramco (ARMCO) facilities, including the world's largest oil processing plant and a major oil field. The disruption sent WTI futures as much as 15.5% higher overnight to $63.34, the biggest intraday percentage gain since June 22, 1998, while President Trump authorized a release of crude from the Strategic Petroleum Reserve, as necessary

But I thought Saudi Arabia had already cut back production a few months ago, this seems like a another convenient opportunity to push up the price of oil and for Trump to have a go at Iran

Those who live in glass houses may do well not to throw stones Mr Bond!
I recall your comments regarding Josef's past share sales, the Kees Dekker 2015 reports warning of ongoing low grade problems and on Black Rock possibly getting the nod & wink just before the most recent production presentation was released.
So what have what have you actually done on any of these issues apart from stir on here and make sarcastic remarks towards other members?
In the past Rebess has been more than willing to trust and give the benefit of the doubt to the management and he has never been slow acknowledge their achievements.
So in the light of this latest presentation Rebess makes some very valid and justified observations that need to be considered by all Centamin investors.
As to Kinesis, there are those that are desperate to see it fail because it presents a very serious and viable alternative to the present unfit for purpose and in some cases corrupt trading and monetary systems.
You seem to assume that I have some vested interest in Kinesis, on that I I couldn't possibly comment, although I will admit to having a vested interest in getting at the true facts and in the overall success of Centamin!

Quite so Rebess, so some task even to reach 490,000 oz?
Do they have something up their sleeve that we don't know about as yet or will it be another RNS that will warn of reduced output, I do hope its the former!
Also in the light of the present situation why were the directors awarded bonus shares recently?

Sorry state of affairs really if after all this time and all we have been through that our investment in Centamin is now so dependant upon the one factor POG which is so open to corruption and market manipulation.

Hi Rebess,
If you recall last year just after the guidance cut announcement in 2018 Alexander of Cey investor relations explained that although the production teams were at that time ahead of schedule in stripping through the low transitional grades, also it was the intention to deploy extra crews and resources to help speed up the process.
So was I being spun a line a that time or didn't they realise that the low grades were much more of a problem than they envisaged?
I am no mining expert, but I would have thought the equipment they have available today must be able to give them a pretty accurate idea of when they will hit the higher grades, but of course I accept may be naive in assuming this ?
Like many other long term holders I really want to believe that the management have learnt lessons and have my faith and trust in them restored to what it once was in the past, but I must admit that this recent announcement and the market reaction is most disappointing, after this the management really need to deliver some real results rather than more promises that turn into disappointments!
I appreciate that some don't like me mentioning the Kees Dekker reports of 2015 & 2018 and I would really like for his opinions and perditions to be proved to be inaccurate, but unfortunately after this last announcement I cant help thinking he does seem to have been quite accurate in his conclusions so far.
https://www.criticalinvestor.eu/analysis/other/interview-kees-dekker-freelance-mining-analyst
I look forward to some thought from those of you who are more experienced and better informed than I on these issues.

So an opportunity to buy more at a knock down price safely tucked away in your ISA wrapper!
For years Centamin under promised and over delivered and I suppose like the management at one point we became complacent and expedited to past custom and practice to continue.
Long term holders have come to realise that the MM always spank the share price that bit harder because the company is so dependant upon Sukari, although as rightly highlighted bt Cowichan it does have lot's more iron's in the fire and any one of those or even more could soon be contributing to overall output!
My old broker friend Peter who put me into Centamin more years ago than I care to remember is absolutely certain that the unresolved court case is still being used by many brokerages as a reason to discount the SP by between 12%-15%.
During last nights discussion at the local Peter explained that there were several large institutional organisations that are wanting to invest in Centamin, but due to their constitutional restrictions they are unable to do so until the court case is resolved.
Thank you to everyone for all your contributions during yet another I believe avoidable set back, or at least one which would have been far less sever if the presentation had been handled more competently!

Thanks you Sotolo, for correcting the figures, they had me wondering!
You make some very fair comments, investing in Centamin can be challenging at times, especially for newcomers!.

Hi Dasut,
As always thank you for your wise and well informed counsel ,regarding the mining aspect of this last announcement/presentation and our present situation.
I have to agree with you they have certainly shot themselves in the foot and unfortunately the share holders have also been hit rather severely!
They may have learnt lessons on the production side, but there is certainly a need for some very serious improvement on the PR side of things!

Fair comments , the problem is that the market and some day traders are not as patient as long term Cey holders!

Gold below $1500 at present?

https://www.bbc.co.uk/news/uk-scotland-49661855
Boris Johnson’s suspension of the UK Parliament is unlawful, Scotland’s highest civil court has ruled.

A panel of three judges at the Court of Session found in favour of a cross-party group of politicians who were challenging the prime minister's move.

The judges said the PM was attempting to prevent Parliament holding the government to account ahead of Brexit.

A UK government appeal against the ruling will be heard by the Supreme Court in London next week.