Member Info for mrtibbles

If you had been in this for as long as some on here then you would realise the share price isn't fairly valued, it still suffers the effects of the loss of the market confidence for the failures at Sukari last year and the seven\eight year old court case.
Of course the parasitic effects of profit share don't help, but some of the effects of that could be reduced if the Egyptian judiciary would get of the their lazy butts and make a ruling, or if the good for nothing up their own butts Commissioners would ratify Law 32!
You will be telling us next that you support the free bonus share awards to the directors despite their despite their utter complacency and them spinning share holders a yarn on grades and failing to deliver in 2018!
The Egyptian government and judiciary appear to have been complicit in allowing a a former democratically elected president to be kept in solitary confinement and slowly tortured to death whilst undergoing a sham trial, Egypt should be ashamed!
Centamin appears to be run rather like a 'Tupperware" pyramid scheme where those at the top get all the big rewards and the scraps are thrown to those at the bottom, that's us the share holders!

You really ought to be part of the Centamin PR team, who knows perhaps you are!

Well looking on the bright side at least it will give Trumpo two fingers!

Sorry!

Facebook is leading a broad coalition of companies and organizations launching a new cryptocurrency, the company announced on Tuesday. The cryptocurrency, called Libra, will be backed by a basket of conventional currencies and other stable assets, preventing the wild price swings that have plagued bitcoin and most other cryptocurrencies.

The new cryptocurrency will serve as the foundation for a new payment feature for Facebook Messenger and the Facebook-owned Whatsapp. Facebook says it is creating a new subsidiary called Calibra to oversee its payment initiatives. This is partly to reassure people who are concerned about Facebook's privacy record.

"Aside from limited cases, Calibra will not share account information or financial data with Facebook or any third party without customer consent," Facebook says. "This means Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook family of products."

Facebook is following in the footsteps of Chinese messaging app WeChat, which has included payment capabilities for a number of years. WeChat's payment feature is widely used in China—both for paying bills and for sending small payments to friends. Facebook is aiming to bring the same functionality to its own messaging products.

A new global standard?
To help make its payments platform a ubiquitous global standard, Facebook is opening up the underlying blockchain platform to a wide range of other companies or organizations. More than two dozen entities have signed on to be founding members of the Libra organization, including Visa and MasterCard, Uber and Lyft, eBay, and Spotify. Founding backers also include venture capital firms like Andreessen Horowitz and Union Square Ventures and non-profit organizations like Kiva and Mercy Corps.

Those non-profit groups reflect one of Facebook's selling points for Libra: that it's trying to create an open, global financial network that will be accessible to people in the developing world.

"Access to financial services is limited or restricted for those who need it most—those impacted by cost, reliability, and the ability to seamlessly send money," the Libra white paper argues. "All over the world, people with less money pay more for financial services."

Technically, the Libra network will be a permissioned, blockchain-like networ

Facebook is leading a broad coalition of companies and organizations launching a new cryptocurrency, the company announced on Tuesday. The cryptocurrency, called Libra, will be backed by a basket of conventional currencies and other stable assets, preventing the wild price swings that have plagued bitcoin and most other cryptocurrencies.

The new cryptocurrency will serve as the foundation for a new payment feature for Facebook Messenger and the Facebook-owned Whatsapp. Facebook says it is creating a new subsidiary called Calibra to oversee its payment initiatives. This is partly to reassure people who are concerned about Facebook's privacy record.

"Aside from limited cases, Calibra will not share account information or financial data with Facebook or any third party without customer consent," Facebook says. "This means Calibra customers’ account information and financial data will not be used to improve ad targeting on the Facebook family of products."

Facebook is following in the footsteps of Chinese messaging app WeChat, which has included payment capabilities for a number of years. WeChat's payment feature is widely used in China—both for paying bills and for sending small payments to friends. Facebook is aiming to bring the same functionality to its own messaging products.

A new global standard?
To help make its payments platform a ubiquitous global standard, Facebook is opening up the underlying blockchain platform to a wide range of other companies or organizations. More than two dozen entities have signed on to be founding members of the Libra organization, including Visa and MasterCard, Uber and Lyft, eBay, and Spotify. Founding backers also include venture capital firms like Andreessen Horowitz and Union Square Ventures and non-profit organizations like Kiva and Mercy Corps.

Those non-profit groups reflect one of Facebook's selling points for Libra: that it's trying to create an open, global financial network that will be accessible to people in the developing world.

"Access to financial services is limited or restricted for those who need it most—those impacted by cost, reliability, and the ability to seamlessly send money," the Libra white paper argues. "All over the world, people with less money pay more for financial services."

Technically, the Libra network will be a permissioned, blockchain-like networ

Oh I get it, investors have lost faith most probably because so many company RNS massages can't be relied upon from so many companies!
Investors are treated like mushrooms (kept in the dark and have poo tipped on them)
For instance after the 2018 Q! announcement of 560,000 ozs for Sukari what actually materialised , they hit unexpected lower grades ( They were aware of them in 2015)and the sole LHDR self destructed because it was being run at its limits without the right spare parts or any back up!
So there we are in 2019 after two production down grades,the share price reduced by 50% and share holders got scraps for a divi!
Still we did get a reliable RNS confirming a big hand out of free share for the Centamin directors!
So many companies are run on the principle of Tupperware pyramid schemes!

GoldGnome
It really isn't good enough Why not complain to the Australian or the London regulator that your enquires as an investor are aren't getting at least an acknowledgement.
I know that some investors have made James Bell the analyst of RBC Markets aware that their questions to Centamin are ignored.
If you recall James Bell was the analyst who asked Andrew Pardey about a 3 year plan.
why not copy in a few more of the analysts on the Centamin website, after all they are the ones who seem to get taken seriously on the telephone conference calls.
It might be a good idea to send your enquires to Bobby Morse of Buchanon PR.
Let me know how you get on

shareholder approved Remuneration Policy and Performance Share Plan ("PSP"), which aims to align Executive remuneration with that of the shareholders and long-term performance of the Company, a conditional award of ordinary shares of nil par value were made to the following Directors and Persons Discharging Managerial Responsibility ("PDMR").

So considering g that the Centmain share price dropped by around 50% since Q! 2018 if PSP is applied shouldn't the directors be taking a cut in pay rather than being awarded bonus shares?
i

This is all well and good, but isn't this just a case of Andrew Pardey doing his job?
He may have exceed expectorations in some areas of his responsibility , but then what of those areas for which he is directly responsible but failed to deliver on in 2018, the results of which have since halved the value Centamins share price
What evidence is there to support any bonus award to the general manager of Sukari Mr Youssef El Raghy in 2018,quite the contrary to any bonus award would seem to be more appropriate!
The present Centamin bonus award scheme appears to be open to manipulation by those who are the main beneficiaries and it seems heavily loaded in favour of the directors to the expense of the share holders!
As you main recall I did ask why weren't the directors remuneration packages directly linked to the company share price and I was given the explanation that the directors are committed to "Total Share Holder Return".
TSR what exactly is that?
Especially when considering that many long term share holders have seen their investment in Centamin fall to half what it was was prior the managements failings at Sukari in 2018!
I have no problem with awarding directors bonus shares when the share holders see some real evidence that the bonuses are justified, i.e. a rise in the share price because of increased output or other mines coming on stream, even legal disputes in Egypt being settled!
But these present free share awards appear to be over generous and unjustifiable!

Sorry webmaster my post has shown twice!

Hi Gokdgnome,
I will be very surprised if he replies, if you din't get an at least a holding acknowledgment in a few days then why not copy in Bobby Morse & Alexandra Carse of Investor relations. Incidentally I hear that Centamin have already been reported to the Canadian regulator for their failure to reply to investors questions also about he way that the company disclosed the departure of the last CEO.

Hi Gokdgnome,
I will be very surprised if he replies, if you din't get an at least a holding acknowledgment in a few days then why not copy in Bobby Morse & Alexandra Carse of Investor relations. Incidentally I hear that Centamin have already been reported to the Canadian regulator for their failure to reply to investors questions also about he way that the company disclosed the departure of the last CEO.

Absolutely right Hedgehog, also anyone detained and even if they are convicted should be treated with humanity and not be denied access to medical treatment ,and and medication.
Also why was this poor soul kept in solitary for six years, he was being harshly punished even before the court had come to a verdict!
I think this highlights just where much of the corruption lies in Egypt and is another reason which deters foreign companies from investing there
Egypt seems to have been ideal in more ways than the obvious one for the directors set up their self rewarding pyramid scheme .
Notice how the Sukari general manager got a very nice bonus for failing meet his promised 2018 output!

Possibly it is overbought, who cares its run like a ponzi scheme anyway!
In fact after todays RNS I hope it falls through the floor so that the shares our directors have just been awarded for failure are worth nothing
I have no faith in the Centamin management they are overpaid and unfit for their roles and they are taking investors for fools!

June 17, 2019
https://www.nytimes.com/2019/06/17/world/middleeast/mohamed-morsi-dead.html
KHARTOUM, Sudan — Mohamed Morsi, Egypt’s first democratically elected president, collapsed and died while on trial in a Cairo courtroom on Monday, Egyptian state television reported.

While no official cause of death was immediately given, critics blamed the poor conditions in the prison where he has been held for the last six years.

They said Mr. Morsi had been denied medicine for diabetes, high blood pressure and liver disease, and been held in solitary confinement for long periods. They also said the government had ignored repeated public warnings that lack of proper medical care could be fatal.

“I think there is a very strong case to be made that this was criminal negligence, deliberate malfeasance in providing Morsi basic prisoner rights,” Sarah Leah Whitson, executive director for the Middle East and North Africa at Human Rights Watch, said Monday. “He was very obviously singled out for mistreatment.”

President Sisi should be ashamed of himself it is an absolute disgrace the way that ex president Morsi has been treated whilst in prison and for what exactly, he wasn't bad chap really, he certainly deserved to be treated better whilst in prison, he has been systematically worn down and had a slow death inflicted on him by an unfit for purpose justice system.
Centammin share holders through the never ending court case have first hand experience of the lazy antics of the self serving up their own rear end full of their own importance judiciary,
Considering how long that bunch of legal wastrels have taken procrastinating over the Centamin case what hope of real justice did that poor soul ex president Morsi have, he didn't the Egyptian judiciary have been complicit in bringing about his death in order to serve the military dictatorship that claims to be a democratically elected government.
Shame on Sisi and his unfit for purpose government and shame on the Egyptian legal system,if they are reading this i hope they realise what a bunch of utter stinkers they are!

Youssef El-Raghy PDMR 114,000
Andrew Pardey Director 777,000

For what exactly, failing to produce what they promised (560.000 oz) and failing to mitigate production risk in 2018!

Well said GoldGnome,
Seems that Mr Pardey has been rewarded despite his very mediocre 2018- 2019 performance .

Although I wonder what period the award of these shares is related to?

In June 2018 in a telephone conversation I stated that most investors were very disappointed with the managements performance at Sukari and resulting fall in the Centamin share price which had eroded share holder value by over 50%.

In view of this would it not be more appropriate IF the board directors remuneration/bonus/ packages were dependent on, or linked to the share price.(ie Protecting share holders investments).

Ms Carse explained that it stated in the companies constitution that the directors were committed to TSR (Total Share Holder Return) I think this sounds good, but is bit of a get out really!

Whom did you address your question to on this?

Some people got knocked through their stops this morning when this gapped down!
They set they trap on Friday afternoon!

If You Had Bought Serabi Gold (LON:SRB) Stock Five Years Ago, You'd Be Sitting On A 52% Loss, Today!

https://finance.yahoo.com/news/had-bought-serabi-gold-lon-120306268.html

Many of the problems in the world are caused by US foreign policy because it wants to continue to sell arms and get other countries hooked on the petro dollar.
Iran has made no threats in fact the government is comparatively moderate when compared to other governments in the region.
Iran was supplying other countries the EU and UK with cheaper gas and oil than the US could , Trump wants to get other countries dependant upon US shale gas, an industry that causes considerable damage to the environment and has long term implications for the environment.
The US is no friend to the rest of the world ias t manipulates the rest of the worlds currencies and trade markets by keeping the reserve currency dollar artificially strong.
Perhaps if Trumps governments Foreign policy didn't prop up corrupt dictatorial governments and promote war, unrest and instability in other countries there wouldn't be so many poor people trying to seek sanctuary in the US.
Trump claims that global warming is fake news, this despite the fact that world are already suffering the consequences and whilst most other countries including China are working towards cutting environmental pollution Trump is reopening filthy coal power stations and coal mines just to keep the thick and stupid red
neck voters happy.
Trump is a bully who misuses his power of office, he is certainly no devil that I would care to know thank you.