Member Info for mrtibbles

Fair comments Market, sadly there are not enough people working in the markets with honorable values and real integrity, anyone who upholds such qualities is instead regarded with suspicion by the other stinkers who take the attitude that anything goes in trading, even manipulating the market by spreading innuendo to cause some panic and churn the shares!!

Best
Tibbs

Unfortunately there are brokers like Logic Investments who will quite happily encourage and make it easy for clients to get leveraged up 10x to go short on stocks, these types of brokers are really only interested in maximising the number of trades their clients do in any trading period.
Most new clients/traders to this type of CFD trading are initially given the impression that it is so easy to make lots of profit very quickly by using 10x leverage against their existing portfolio value
Sadly all too they don't realise that whilst CFD trading on leverage can amplify their profit 10x very quickly that it can also amplify their losses at an seemingly even more alarming rate, especially over a week end when position values can have gaped down or up on the market open, thus closing out there positions by knocking then through their stops and creating yet more commission for their brokers!
So I can believe he comments about the tactics being used by some agents.
however as I said before Rebess is certainly no shorter and he remains long in this stock just like most of us long term holders!

Isn't it sad that the only producing mine which has abided by the T&C of it's contract is still awaiting a ruling from the judiciary on the false accusations made against it over seven years ago!
In the meantime although EMRA has been made fully aware that Lord El Nagy is a fake they still award his company Veritas a concession despite the fact it has never run a mine or has any mining experience.
Check out the Veritas website it really is a joke!
Check out those mining trucks! If EMRA thinks that this outfit will ever produce any gold they will be disappointed!
http://veritas-mining.com/public-relations/faq-s

You may well be right Dasut about the exact dates but around that hat time I was in Centamin on the recommendations of a dear old broker of a rare breed who actually had integrity and so became a friend.
I can remember our conversations over a pint when Peter would say that Centamin was going places it was good outfit!
Yet in those times the profit share was'nt regarded with the alarm it is today,in fact we looked forward to it because it was a confirmation that all the Capex had been repaid and the good times should be around the corner!
So what happened, all the fuss now over over sharing the profit, the real issue is that they need to deal with the grade problems by being honest about them sooner and installing the methods to deal with them to safeguard the production output, they are after all the professionals in this field,
But it seems instead they became complacent for too long and sat by whilst the CEO of the time talked up the share price and promoted the dividend policy and then bailed out after selling his free shares.

Thanks Stormrider , Then I didn't imagine it all and we did hit £2 in 2010, if only!

Those days long gone, although the old CEO has ridden back now after emptying his saddle bags and the story of the mine is now more like the tales on "Jackanory" used to be!

SP spanking starting again today, it seems that Cetamin now has a credibility problem which the MM are exploiting!

Fair comments, some of what you mention here was also pointed out by Kees Dekker in his last report.

Thank you Dasut for your explanation.
I think you hit the nail on the head about the questioning !
We need less technical speak on the conference call, that can be made by direct contact with analysts at other times!
We need more to the point direct questions with to the point simple straight answers!

I agree Rebess,
Some people seem to be disregarding or forgetting about the erosion of the market cap each time the SP getts a belting from the MM !

One analyst from RBS yesterday asked Andrew Pardey why wasn't the company giving a five year forward estimate?

That would be pretty pointless when it seems they can't give five months with any certainty!

It seems that tKess Dekkar was once again very accurate in his analysis of the Sukari situation, the grade problems appear to be ongoing for some time.

If you felt unhappy about the Kess last analysis of Sukari so I suggested that he may like to contact Kees to query his conclusions, I wonder if Goldgnome did so.

Kees Dekkar can be contacted
keesdek@gmail.com

So am I , I did try to get connected to the conference call but I think there were some problems with the line or it was too late.

Most the technical explanation to the analysts questions went over my head.

As an ordinary retail investor I really wanted to know in simple terminology

Have the lower grade problems been overcome or better coped with?

With the new equipment now in operation can we expect 2019 production to return to what we were promised 560.000 oz?

Is there any of of Law 32 ever being ratified or if not a ruling on the court case any time soon?

Will the board be buying any shares themselves to demonstrate their confidence in their strategy ?

Thanks Cowicahan for your explanation.
What pity that I.R. never seem to answer your emails!

Unfortunately we are still feeling the effects of Josef's past behaviour and suspicions remain over his subsequent share sales before taking a back seat, then the departure Mark Morcome has not helped our situation,
I appreciate what you are saying about the profit share, however whilst this has an effect you may recall that the share price was at these levels and higher in the past even before the mine had recovered the CAPEX , stage 4 was still a dream and profit share or any chance of a divi was years off,
It was always realised that profit share would start at some time in the future when the Capex was recovered and even though profit share has now kicked in overall the actual agreement Cey has enshrined in law with the Egyptian government is on terms that that most of the other mining companies in the last auction would very much prefer rather than what they have agreed but are now so desperate to change!
So the profit share is what is was always going to be, what is now needed is evidence that the that the production methods now being implemented are able to cope with the grade variations.
Ratification of Law 32 or a ruling on the outstanding court case would also give a boost to the share price.

the crooked sham going!
No Trumps Tarriff's mentioned here on this tax free trading (No Stamp Duty)
No indeed keep the crooked Wall Street & The London City spoofing and trading in synthetics going and ensure the roulette wheels keep spinning, even Carney BOE (Goldman Sachs man) makes statement of support!
Carney said splitting the market could bump up costs for users by 20 billion euros.
Or in layman's terms "If they had to pay some tax like ordinary people do!"
https://www.fnlondon.com/articles/uk-and-us-derivatives-regulators-build-a-bridge-over-brexit-20190225
https://www.relocatemagazine.com/news/business-brexit-corportate-finance-us-uk-reach-deal-to-safeguard-derivatives-market

Re That Questor share tip in the Telegraph last week currently looks pretty stupid!

They were obviously unaware of that the shorters were going to get up to today.

The man on the train said he thought al pull back might happen today, but certainly not the slaughter the SP has suffered today which he thought totally unjustified considering the prospects for 2019..

Quite so Redbus,, yet there are those who claim that we should "Have faith in the markets!" what utter crap!

Very true, 8% interest in dollars backed by real gold is a much better and safer option!

No news re the court case or Law32, not a mention?

Good point about making some interest on the funds in the bank, they could be earning 8% plus on that if it were invested with the ABX gold bullion backed Kinesis with immediate access to their funds!

Perhaps this is why they postponed the results but were quick to announce the moving on of Mark Morcombe CEO last week and also why he didn't hang around for his free shares in 2021!
I was of impression that the results would be better, seems that the last Kees Dekkar was closer to the mark than some suspected.
Rebess.it seems your gut feelings about not being told the whole story were justified.
Perhaps things will never improve?
Ripe for a takeover at a knock down price, perhaps just as well that court case is still unresolved! .
Dividend disappointing but then if the production is down then I suppose it was to be expected!
So will Josef getting out of the back seat improve things in 2019. I hope so, although as Rebess pointed out last week we are once again waiting for things to improve towards the end of 2019, or could it be sometime in 2020, or perhaps that is wishful thinking!
I wonder if Kees will be producing another report after this, although I fear his conclusions may really depress me!

Certainly not a good way to go, just shows the unforeseen dangers that exist when working in these locations!

Trumps Trade Tariffs failure15 Feb '19Thursday, 2/14/2019 14:13
GOLD PRICES rallied against a falling US Dollar in London on Thursday, rising back to $1310 as world stock markets slashed earlier gains and new data showed US retail sales badly missed analyst forecasts for the end of 2018.

With little sign so far of a new deal from this week's Washington trade delegation to Beijing, President Trump is considering whether to push back the 1st March deadline for re-imposing heavy trade tariffs against China by 2 months, news reports claim.

Trump's trade tariff policies cost US business $2.7bn in November alone, according to data compiled for a 'free trade' lobby groups.

Instead of the 0.2% monthly growth expected by analysts, US retail sales in December showed a 1.2% drop over the festive season, the steepest fall since the global recession of 2009.
https://www.bullionvault.com/gold-news/gold-prices-021420193