Member Info for mrtibbles

Thank you Razors,i
Re if a person not known to CEY’s pr dept were to send a one line email asking for a market update
Totally agree Razor's but as far as I know very few have and like Cowichan they are still awaiting answers.
Depute some on here having very substantial investments in Centamin they seem to be taken for granted and treated like mushrooms.
Also bear in mind hat not all that post on forums are whom they claim to be and are working to an agenda. either for themselves or for an agency.

Thank you Razors!

Well done & good news indeed!

However we must remember it is not just that the amount of ore despatched but also thr purity that is critical.

As we are all now aware Centamin had been high grading for over a couple of years to try and improve results until they hit the *Unexpected" (For share holders that is) low grades in the overground pit and the effects of which couldn't be compensated for by increased underground production due to the LHDR breaking down without the appropriate spares.

So what we need to know from the management or ideally the outgoing or incoming chairman now is.

1. Have the overground grades improved significantly?
2. Is the underground production fully restored to normal or previous levels?
3. When will the new and additional LHDR be commissioned and operational?
4. Will they continue to high grade and if so how long tan this carry on for and what are the long term implications for the mine?

Also Centamin stated that they wanted to improve investor relations by better communications, with them when will this happen?

Perhaps they could use this method to help find the workings https://www.theguardian.com/science/2018/feb/15/laser-scanning-reveals-lost-ancient-mexican-city-had-as-many-buildings-as-manhattan

Sorry typo below, should read 'That is assuming there are no more unexpected surprises waiting to jump out of the boardroom cupboard that we share holders haven't been made aware of!!

I wonder if the Centamin management are aware of these changes and how they affect the company in the future?
May compensate for the reduced guidance by pushing up the POG?
That is assuming there are no more expected surprises waiting to jump out of the boardroom cupboard that we share holders haven't been made aware of!

At first glance these regulation seem much of the same thing i.e. the state invests not a bean, the company and share holders fund all the development and take all the risk.
The mining company then pays out royalties for using the land irrelevant of whether or not there is any gold and if there is then EMRA can move the goal posts again and take more of any profits by changing the terms of the agreement.
Is this to keep investors away?
I thought the state EMRA had representatives on the Sukarii site and yet they seemed oblivious to the declining quality of the overground ore grades or what the underground production situation was.
So is the central auditing agency really qualified or fit to start interfering in the actual mining activities, they may create more problems than they solve?
Companies pay 30% of the profits (unless the state changes the T&C's )but the mine has to be invested in and developed to actually make the profits, that is assuming the AISC aren't prohibitive
Perhaps I misunderstand these proposals, but on first impressions they seem to put all the advantages on the side of the state and offer little incentive or safeguards to investors.
Be interesting to see how much investment Lord El Nagy can raise , if you look on his company website it features a a photo of some old mining carts on a track, lot's of waffle and little else!
http://veritas-mining.com/public-relations/advisers

Tiger,very good points you raised, yes as you say Abraham Lincoln was a Republican, PBS channel 94 is just showing the series on the American Civil war which is excellent.
also the same channel 94 is showing a series on Prohibition in the US, also excellent and an eye opener!
As we know now though it was really about much more than slavery and afterwards although slavery was abolished the Negroes were still not treated equally and still suffered racial prejudice.
In later times there was a crook in the White House called Nixon and it was his administration that decided that the dollar was strong it didn't need backing up with physical gold, we all know waht that led to
Jimmy Carter was a decent man , sadly he suffered loss of popularity due to a botched attempt at rescuing the American hostages, but Jimmy Carter has been very active and helped many people the world over since with his charity work.

Trump will get his wings clipped in January when the when the Democrats have the majority!
I do hope they make him wear mittens to stop him Tweeting so much and from using his pointy finger !
Trump must be the rudest, most arrogant.bigoted,racist,sexist and most unfit for any diplomatic or government position the the US has ever had !

https://www.theguardian.com/business/2018/dec/10/hedge-funds-make-big-bets-against-post-brexit-uk-economy

Also relevant to gold!

Quite so Rebess!
Central banks in the process of acquiring huge amounts of physical gold at a bargain price under the radar!

As we know, it is not uncommon to evidence a year’s worth of global mine supply being traded in the paper markets in a single day. Obviously, this is paper gold and silver that has no intention of ever being delivered, which in itself has evolved into a form of spoofing the global physical market prices. But nevertheless, by the addition of undeliverable synthetic supply and employing the power of position concentration prices can be moved at will. There are multiple examples of this, and by 2011, I had provided the CFTC and the DOJ with some 80+ examples of where the prices of gold and silver price would fix within 24 hours.
https://kingworldnews.com/whistleblower-andrew-maguire-a-trip-down-the-rabbit-hole-of-corrupt-jp-morgan/

Good find dazh, let's hope the ore grades do improve and the new LHDR is commissioned very soon to restore that 29% output!
Some 'Blip"!

Centamin

It’s a good idea to have some exposure to precious metals given the fears surrounding Brexit, not to mention the swathe of other concerns running through investors’ minds, from the possible impact of Federal Reserve policy tightening through to the potential consequences of the US-China trade war.

One great way to play this theme is by snapping up gold diggers like FTSE 250 firm Centamin. Its share price has remained resilient in recent days amid the broader washout on global share markets, and recent data concerning the strength of bullion demand shows why.

According to The Pure Gold Company yellow metal demand spiked by a staggering 398% on Tuesday when prime minister Theresa May’s Brexit plan was being savaged in the House of Commons. The retailer added that, since the beginning of November, it’s seen a 278% increase in the number of people substituting equities within their pension and self-invested personal pension for gold.

The sentimental metal is very much in vogue, then, and in the current macroeconomic and geopolitical environment it’s only likely to rise. Therefore buying Centamin would appear to be a wise decision today, and not just because of its predicted dividends of 5.4 US cents and 7.2 cents for 2018 and 2019 respectively. These figures yield a giant 4.2% and 5.6%.

There is some concern over Centamin’s production outlook for 2019 following recent problems which forced it to cut full-year targets for 2018 to 480,000 ounces, a figure that caused City analysts to predict a 29% earnings drop.

In my opinion, though, the possibility of further output troubles is reflected in the company’s cheap forward P/E ratio of 15 times. It’s a stock very much for the moment, in my opinion, as underlined by broker projections of a 21% earnings rebound. Like Begbies Traynor, it’s a great share to load up on today given the chance of electric share price growth next year and possibly beyond.

Dual Listing http://citadelmagnus.com/going-global-the-benefits-and-challenges-of-dual-listings/

Another advantage No Stamp duty

Could Harry be speaking with our new CEO?
https://www.youtube.com/watch?v=wKBYLjRHa4E

Thank you downhill, I take your point and agree with you that the money is of course the overriding concern for us all.
I could perhaps have worded my explanation better, however the point I was trying to make was that we kept our money invested Centamin when the situation in Egypt or the market would normally dictate that we should get out because we had great faith in the management and the company.
As you are no doubt aware we still have that money invested n the company, albeit worth half as much, but percentage wise I feel the hit on our faith and trust in the management has been greater.
Like everyone else I really do hope that they put things right as soon as possible and wouldn't it be great if the management made some efforts to communicate with share holders about how things are progressing, it doesn't have to be in great detail, but just an overview, far better than silence.

Dazah,
No disrespect intended towards you, but unless you a long term holder and then you may not understand why some of of us feel so betrayed by the board and let down by recent events.
Investing in Centamin was always about much more than just money, it was about placing trust and faith in the management and holding on firm along an at times very bumpy road.
The ordinary share holders travelled to the AGM's in London and Jersey where they met with the chairman and other board members who assured them that their faith in Centamin was well placed, as it was a company which could be trusted and relied upon to delver on it's promises in the future.
So hopefully before too long it may be possible to increase production to the previously promised levels and restore the company value, but I fear the management will have far greater difficulty in recovering another very rare and precious commodity, the trust and respect of the ordinary company share holders!

Quite right dazah, so you did mention the manipulation going on during the day,thank you for that.
It was'nt my intention to make a contributor to the forum left out.
I don't know how long you have been invested in this stock ,but to my knowledge you have only recently started to post on here.
As I mentioned the other day although I fully understand why, although it is nevertheless sad that so many of the old guard have either thrown in the towel on Centamin or no longer post.
Long term holders of Centamin have had a long journey and on it have encountered many various challenges and set backs that normally would have made many investors throw in the towel.
However they were able to remain firm in their conviction that Centmain would come good one day, not only because they had faith in the management, but more importantly they had the support of fellow Centamin holders who between them provided a very considerable resource of investment experience and knowledge to draw upon.
It is very disappointing to say the least that the Cey former chairman and the board were not deserving of the shareholders faith, three years of glossing over the true facts at Sukari have been exposed, the drilling contractor ran the LHDR to destruction without any spares, the promised production never materialised and so the company has lost half a billion pounds in value, whilst the SP languishes on the shelf of Poundland to be poked about by the "bots"!
in the meantime the former chairman rides off into the sunset with his saddle bags full leaving the management supposedly led by an as yet silent ex ACA man?
Correct me if I am wrong, but isn't ACA the firm that is accused of not being honest about it's profits with it's partner/host government, polluting the local environment and employing thugs to beat up local protesters?
So on a day full of despair over the market manipulation, the price of gold and no reliable news of what is actually happening at Sukari it was great to be given some hope for the future by the post by Marmot, one of the most respected and trusted members of the Centamin old guard!

Hi Marmot, thank you for your appraisal of the market situation it is very much appreciated and valued I am sure by everyone.

How can a chairmen pursuing short term profit to the detriment of the share holders possibly be right when it is clearly in contravention of their legal responsibility to safeguard the best interests of the company share holders at all times?

Gold around $1241 and Cey still on the shelf discounted at Poundworld,, wonder why?