Member Info for mrtibbles

It puzzles me why the board have always opposed a share buy back, certainly at these levels it makes sense and would help support and increase the SP

I agree Rebess, also the really sad thing is that so much of this divi is just paid out on CFD short term traders and ETF funds who have never had any commitment to the company unlike long term holders.

Fair comments Dasut,

I have also written to CEY PR & IR asking if they could give investors some news on the commissioning the new LHDR or any other information that might lift investors spirits.

Fair comments Rebess,
I wrote to the senior Cey manegment & IR relations around six months with the suggestion of considering investing in Kinesis which would offer 8% yield against their investment secured against actual gold bullion in the ABX exchange.
Kinesis / ABX would also purchase all produced bullion at the going rate

Sadly it appears that production has not been fully restored, is this due to continuing low over ground grades, when I spoke to Alex (IR) earlier in the yea (during Q2 )she informed me that the over ground production was getting through the lower grades ahead of schedule?

Just popped up in my mailbox, no mention of if they are through the lower grades, no news on the new LHDR etc ,
Perhaps this will all be revealed on Jan 9th 2019?
Released : 27 Dec 2018 10:43
RNS Number : 5695L
Centamin PLC
27 December 2018


For immediate release




27 December 2018





Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)



Production Update



Gold production for October and November combined was above 90,000 ounces. While being solid production months, this was slightly below forecast. The December mine plan forecasted higher grade from both the underground and the open pit, which would have balanced the quarterly shortfall. However, lower than expected underground grade delivered in December thus far indicates gold poured for Q4 between 135,000 to 140,000 ounces, resulting in annual production from the Sukari Gold Mine of up to 2% below full year 2018 guidance of 480,000 ounces. Cash cost of production will be towards the top end of the previously guided range of US$625 to US$640 per ounce produced and an all-in-sustaining cost will be approximately US$900 per ounces sold.



Whist the focus remains firmly on sustaining the operational improvements, stringent cost controls and improving gold price means the Company continues to be a cash generative business.



Further operational detail will be included in the preliminary production results for the final quarter, ending 31 December 2018, scheduled for publication on 9 January 2019. The Company will provide 2019 Outlook, including production guidance, and updated Mineral Reserve and Resource estimates for 2018 with the Annual Results in February.



This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.



For more information, please visit the website www.centamin.com or contact:



Centamin plc

Andrew Pardey, Chief Executive Officer

I agree Demon Hunter, but might it be because the management appear to have glossed over the true state of the Sukari overground ore grades for some time by high grading and completely failed too manage the underground production in a professional manner.
The chairman would or should have been aware of what was going on, but instead of trying to act in the best interests of share holders by showing solidarity and taking steps to rectify things he instead decided to take a back seat and sell millions of his shares in 2017.
In May 2018 Andrew Pardey announced a an estimated 560,000oz for the forthcoming year, yet at that time as a geologist and mining professional surely he must have been aware of the lower overground ore grades and also of the high grading of the overground pit?
True despite the company losing half a billion pounds the board have continued to paying a good dividend which s welcomed by ordinary share holders, but one must also consider why is this and who really benefits the most from this policy?
Centamin has a IR officer and employs a PR company and yet the communication with retail investors has gone from mediocre to dire, even the Egyptian media seem to have nothing to report on Sukari which is most unusual.

So Trump manipulating the Dow with innuendo & bluff?

https://www.bullionvault.com/gold-price-chart
desperate to keep gold below $1270!

As rebess already stated earlier the FED/Cartel? PPS is desperate to keep gold below $1270!

Markets knee jerk again?
American benchmark West Texas Intermediate jumped 8% on Wednesday, extending gains from earlier in the session to erase all pre-holiday losses as the crude prices continued the rebound. The investment incentives were generally heightened, boosted by stock markets’ performance that is having the best say since

Market watchers were previously worried that the predicted slowdown in economic growth next year will have a negative impact on oil demand. However, the worries of global oversupply and weakened demand seemed to have subdued. Meanwhile, on Christmas Day, Russia's Energy Minister Alexander Novak stated that he expects the oil market to stabilize by summer.

WTI for February delivery gained 7.55% at 6:21 pm CET after rising more than 8%, to trade for $45.73 per barrel while the international benchmark Brent for settlements in the same month surged 6.91%, changing hands for $53.79 per barrel at 6:22 pm CET.

Apologies Razor's I see that you had already posted the text of this!

Note the gold price pull back , could this be the PPS are desperate to keep it down?

For years now those with integrity have been trying to expose and stop the unfair price manipulation of precious metals prices , but it is a case of David up against a very powerful and corrupt Goliath Cartel who have infiltrated central banks even the regulatory systems and they certainly have pet journalists in the media
The Cartel control mechanism even extends to posters on message boards who are not whom they claim to be but whose purpose it is to sow doubt and to discredit those that speak out.

https://www.teletrader.com/crude-extends-gains-wti-surges-close-to-6/news/details/46197376
Prices of oil futures continued their ascent on Wednesday, after a plunge ahead of the Christmas break, as global markets experience volatility following an interest rate hike in the United States last week and the government shutdown that ensued on Friday. On Christmas Day, Russia's Energy Minister Alexander Novak stated that he expects the oil market to stabilize by summer.

The price of West Texas Intermediate deliveries for February increased by 5.93% at 5:59 pm CET, to $44.89 per barrel, while the price of International Benchmark Brent deliveries for the same month was up 4.72% at the same time, to $52.87 per barrel.

https://www.teletrader.com/dow-jumps-350-pts-amid-volatile-session/news/details/46197324

So have things recovered on Wall Street , perhaps the FED Plunge Protection Squad will have also been at work ready for tomorrow?

You may well be right because the manegment have not been open with the true state of Sukari and Centamin seems to have no leadership the reputation of the company and has gone down the lavatory!

thank you Mick, both for your good wishes and for the news links

Also from April 2019 new regulations regarding gold as a tier 1 asset should make manipulation more difficult
https://www.theweek.co.uk/95325/what-is-the-price-of-gold-and-why-is-it-falling
https://www.ftadviser.com/investments/2018/11/27/quarter-of-uk-investors-look-to-gold/
http://bmg-group.com/gold-re-monetization-is-closer-than-many-realize/

What a disappointment only three weeks after after mining professional managements encouraging 2018 Q1 look forward to 560,000 oz that this guidance forecast was dashed by the lower than expected ore grades that somebody must have kept hidden by high grading for around three years,wonder who that could have been?
What a shame that nobody realised that the LHDR was being to a complete standstill without the right essential spares.
What a pity that the trusted chairman lost interest and had nothing to say because he had already sold out millions of shares and taken a back seat!
What pity that the IR relations office has adopted a policy of silence and even the Egyptian media has stopped announcing shipments
So as things stand at present it seems that share holders may have been taken for granted (or mugs) I hope that events of 2019 prove otherwise

Thank you to everyone who has posted over the past year, I can understand why some board members may have not posted in the past because they may feel they had nothing relevant or of interest to contribute.
May I say that this forums strengths it's members and just by letting all the other members know that you are looking in at their posts is in itself a great contribution as it confirms the very reason for this forum, so please keep posting!

See the MM have given the SP a festive knock back!

Let's hope the Cey management start telling the share holders all the true facts in 2019!