Member Info for mrtibbles

I agree about the motives of those that brought the court case, but never the less it costs Cey at least a 20% discount
on its share price and prevents some institutions from investing,.
This really needs sorting out!
Centamin Court Case Share Price Discount Gold producer Centamin (CEY) implies a new law in Egypt could result in the dismissal of a legal case questioning its right to operate the Sukari gold mine. Investors understandably like the news, sending the share price up 9.3% to 61.17p. It is very encouraging but this remains a risky stock as the legal matter is not yet concluded and political instability is still a problem.

Centamin has been fighting a court case since October 2012 brought by Hamdy El Fakharany, a lawyer and former Member of Parliament who has had previous success with similar asset ownership challenges in the property space. He has challenged the Egyptian government over the way in which the original licences were awarded for Sukari. This Q&A from Centamin provides further details on the court case.

A new investment law which restricts third parties from challenging contractual agreements between the Egyptian government and investors. The new law appears to apply to both new and respective legal cases. Effectively that should free Centamin of the legal battles that have weighed heavily on its market valuation.

https://www.sharesmagazine.co.uk/news/shares/centamin-eyes-end-of-legal-pains

Reports with slick presentations and predictions are all well and good, but will they deliver on them after their very disappointing performance in 2018, I really hops so!

Also what of the ongoing 8 year old court case, shouldn't that be resolved, since it seems that the commissioners may well have binned Law 32

I certainly hope that we do get an update rather than the silence we have suffered post Q1 2018!

After last years disappointments and the and the apparent lack of progress on turning things a around,or at least the lack of news of anything to the contrary I am afraid that I am unable to be optimistic about what will be disclosed to share holders on Monday!

Early in 2018 it was possible to get so,e information from Centamin Investor Relations, unfortunately though they are now silent, I wonder why?

Still perhaps Siko will have some news on if the commissioners are aver going to make a decision on Lawc32 any time soon?

Remember Siko said he was told that good times are coming, if so that would be great, the though problem is when?

Unfortunately 'There are none so blind as those who will not see"

The most deluded people are those who choose to ignore what they already know. The proverb has been traced back in English to 1546 (John Heywood)

Sorry halfpenny I lost my sense of humour last May 2018

There are certain protocols and security procedures that have to be adhered to in such governmental negotiations and electronic emails are not appropriate for such communications.
Emails are far too easily tampered with and as such there authenticity may be doubted if they were subjected to legal challenge.
Brexiteers tend to be quite selfish and forget that all this messing about has not only caused the UK a greet deal of money but also all of the rest of the EU member states.
The EU is being very fair with the UK.

Good to have on the board Tucson!
Some of us have been here a long time and endured some very rough times together, unfortunately though our faith and trust in the management has been severely tried post Q! 2018 as we weren't expecting to be hit with a rapid sequence of production downgrades, etc.
So let's hope that you have joined us at a time when things are about to start to get better!
It's also worth bearing in mind that not everyone is whom they claim to be on here, but you will draw your own conclusions about that as time passes.

Sadly there are so many brokers that care not a jot about the best interests of their client, all they care about is encouraging their clients to trade as many times as possible and selling clients the next level up of trading platform for which they have to pay more!

Impressive video, first gold pour scheduled for 2015?
Pity the comments under the video have been disabled?

part 2
MINERALIZATION
All of the Bomboré gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as well as minor arrays of quartz veins and veinlets. Gold is free and mainly associated with a low-sulfide (±2%) assemblage of pyrite, chalcopyrite and arsenopyrite disseminations and stringers. The gold mineralization is also preferentially associated with lithological contacts.
For information purposes, but not to be relied upon:

http://orezone.com/bombore-project/
DESCRIPTION
Orezone’s 150.4 km2 Bomboré Project is the largest undeveloped gold deposit in Burkina Faso. Gold resources occur at surface in several zones contained within a gold-in-soil anomaly that extends virtually uninterrupted at a level of +0.1 g/t for 14 km and represents the largest gold-in-soil anomaly in the country.
Approximately 40% of the total resource occurs in the shallow weathered horizon (average depth of about 45 m) and economic pit shells that constrain the resource can reach depths of up to 200 m if the geological model proves to continue at depth, and as much as 95 m in the current mining plan that is targeting the weathered horizon.
Resources for the most part remain open at depth where there is excellent potential to further increase the sulfide resources. Short range strike extension potential as well as new targets suggest that additional shallow weathered mineralized material can also be added to the current mineral resources and mineral reserves.
The Company plans to develop the project as a CIL operation that does not require any crushing or grinding and should yield overall recoveries of 87%. The standard CIL circuit could be expanded at any time to process the large underlying sulphide resource.
The Bomboré project is located just 85 km east of the capital city adjacent to national paved highway RN4. The project is in an area of moderate population density, and local infrastructure includes a high voltage power line nearby, access to sufficient water and a local labor force. These infrastructure advantages should translate into reduced operating and development costs.
GEOLOGY
The Bomboré shear zone represents the dominant structure in the permit area. This kilometer-thick arcuate shear zone is interpreted as a subsidiary structure to the regional Tiébéle-Dori-Markoye fault.
The permit area is underlain mainly by a meta-sedimentary flysh-type sequence dominated by meta-sandstones with subordinate carbonaceous meta-pelites and polymicticmeta-conglomerates. This metasedimentary sequence is intruded by early meta-gabbroic and ultramafic (peridotitic) intrusives and then syntectonic granodioritic intrusives. Late-tectonic quartz-feldspar porphyries occur as dikes and larger bodies within the greenstone belt. Large biotite granite intrusives are present to the west and to the south of the greenstone belt that is also molded on a large quartz diorite intrusive located along the eastern limit of the project area. The carbonaceous meta-sediments represent about 6% of the mineral reserves and the metallurgical test work has identified a very low preg-robbing index for this material. The material should not represent any metallurgical recovery issue given the designed processing methodology.
MINERALIZATION
All of the Bomboré gold mineralization occurs within the main Bomboré shear zone and is associated with silica, sulphide and carbonate-albite-tourmaline-biotite alteration as wel

On Tuesday, February 26, 2019, the Minister of Mines and Quarries, Oumarou Idani, signed three mining resource agreements in three provinces namely Noumbiel, Zoundweogo and Ganzourgou. The co-signatories of this agreement are the mining companies Konkera SA, Kiaka SA and Orezone Bombore SA. They now have the right to exploit mining deposits in the provinces mentioned.

The ceremony marking the official signing of these three conventions between the State of Burkina Faso and the mining companies took place on Tuesday, February 26, 2019 in the premises of the Department of Mines and Quarries. This act comes to materialize decisions made in the Council of Ministers. In fact, during the Cabinet Meetings of August 11, 2016, November 25, 2018 and December 19, 2018, the Government authorized the Minister of Mines and Quarries to sign the agreements between the State of Burkina Faso and the companies Konkera SA, Kiaka SA and Orezone Bombore SA.
For example, Konkera, which has had a mining license for the large gold mine since 2015, is authorized to operate the mine in Batié commune, Noumbiel province, in the South West region. Kiaka, which has been operating since 2016, will be able to operate the Gogo mine in the Zoundwéogo province (South Central region). Since 2016, Orezone Bombore SA has been granted a mining license and can now operate the mine located in the municipality of Mogtédo, Ganzourgou province, in the Central Plateau region.

Minister Omarou Idani stressed that "the negotiations were long. He also welcomed the sense of responsibility of the mining companies, before calling them to respect the terms of the contract. According to his remarks, the Burkinabe government holds 10% of the capital in each of the three operating companies.
As a result, its department expects companies to produce about 144, 66 tonnes of gold and about 609 billion CFA francs of foreign direct investment. On this basis, Konkera, which has a seven-year contract, will produce 28.6 tonnes of gold. 76.46 tonnes of gold will be produced by Kiaka SA over a period of 14 years and 39.6 tonnes of gold for Bombore SA over 10.7 years. These three mining companies will create 1,505 indirect jobs, not counting direct jobs.

For the Minister in charge of Mines, the start-up of these companies will undoubtedly contribute to the achievement of the objectives of Axis 3 of the National Economic and Social Development Plan (PNDES), namely "Energizing the growth sectors for economy and jobs ".

In this perspective, local development will benefit from a contribution of approximately 2.9 billion CFA per year. Minister Idani said he is confident that mining and quarry revenues will continue to grow steadily. But he hopes that Burkina Faso will be able to produce its own gold bullion in the near future, just as it will be able to exploit other minerals such as diamond, copper and manganese.

From Andrew Maguire
Yes , there will be a phase in period for some institutions to comply, but as I outlined in my KWN interview https://kingworldnews.com/andrew-maguire-unprecedented-gold-silver-backwardation-as-we-enter-a-new-era-where-officials-will-require-a-higher-gold-price/ this cannot be tolerated for the Tax Payer insured TBTF banks into which these Basil 3 rules are being targeted.

Hi GoldGnome,

Kees Dekker also shares your opinion on this machine, shame I thought it might be able to better cope with some of the ongoing problems at Sukari!

These are great machines, but cannot universally used. It requires a rock that breaks up/grinds easily. These are used in potassium salt mines, coal mines and “other soft rock minerals”.

Hi GoldGnome,

Kees Dekker also shares your opinion on this machine, shame I thought it might be able to better cope with some of the ongoing problems at Sukari!

These are great machines, but cannot universally used. It requires a rock that breaks up/grinds easily. These are used in potassium salt mines, coal mines and “other soft rock minerals”.

Basel III (or the Third Basel Accord or Basel Standards) is a global, voluntary regulatory framework on bank capital adequacy, stress testing, and market liquidity risk. This third installment of the Basel Accords (see Basel I, Basel II) was developed in response to the deficiencies in financial regulation revealed by the financial crisis of 2007–08. It is intended to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage.
Basel III was agreed upon by the members of the Basel Committee on Banking Supervision in November 2010, and was scheduled to be introduced from 2013 until 2015; however, implementation was extended repeatedly to 31 March 2019 and then again until 1 January 2022.[1][2][3]

https://www.investopedia.com/articles/economics/10/understanding-basel-3-regulations.asp
https://bmg-group.com/gold-zero-risk-monetary-asset/
http://news.goldseek.com/GoldSeek/1544802900.php
http://www.shotguneconomics.com/2019/02/as-basil-iii-gets-closer-to-reality.html
https://www.bis.org/bcbs/basel3.htm

Really cool kit Cowichan!
I think they should order two for the underground mining at Sukari!
Sandvick have always been market leaders of great kit, well engineered and it does what it says on the tin!

Thank you Tonic or Dave ,
I found your explanation of the Comex paper selling very informative, also its great to more confirmation of what is going on in the Comex from another independent source rather than the regular posters who are labelled as conspiracy cranks by those who want to keep the 'status quo"
I don't know if you are aware but UK Jeremy Lefroy MP intends to raise parliamentary debate on the price manipulation of precious metals in the UK parliament.
Having been in contact with Jeremy regarding his request I am sure that he would be pleased to receive any information you might be able to supply to him with on the subject of Comex and the price manipulation of precious metals metals.

“It seems silver market manipulation is being noticed by, at least, one member of the House of Lords, Jeremy Lefroy.” Here’s the details…
https://www.silverdoctors.com/headlines/world-news/silver-manipulation-coming-to-fore-in-british-politics/

http://www.shyreman.com/docs/MPs/fca.treasury.committee.1.1.pdf

https://www.silverdoctors.com/gold/gold-news/insider-deutsche-bank-not-the-russians-attempted-to-stop-the-bexit-vote/

Tibbs

Certainly unlucky Rebess!
no good news for nearly a year now!

Well done Hedgehogg, if our directors were racing pigeons most of them would have had their necks wrung over the past year!
As long term very patient investors its time we some results rather than never ending excuses from highly paid professionals