re G20-Trade ceasefire-Coms/fut'res3 Dec 2018 11:14
What is needed is some positive news from the new chairman on the state of restoring production at Sukari and the ore grades, what is happening about the new LHDR and some news on the court case.
Long term investors have been let down and the markets have lost faith in the management who after not being entirely honest about the true state of affairs at Sukari have now adopted a policy of silence!
Perhaps they have something to hide or are they saving up the improvements achieved over the past months so that they can surprise the market with some good news for a change!
It is all very well for some to state "Well if that's how you feel then why don't you sell out?"
Selling out may have been an option had the management been honest in Q1, but instead they kept the situation of the lower ore grades and the just about knacked LHDR very quiet and continued to trumpet a production rate of 560,000 oz for 2018, then just three weeks later RNS'd a crafty turnaround in the projected fortunes of Sukari, and slipped further production downgrade in since!
Surprise behaviour like this from our once highly regarded trustworthy and prudent management do not enable long term holders to make rational or balanced decisions based on the true state of the situation at Sukari, but instead lead to in a loss of faith in the company and encourage what may be rash decision making, never a wise strategy for any investor.
So I hold for now, but only in the hope that things are improving, who knows they may be, or maybe not.
I look forward to the next conference call when perhaps a few investors will call in and ask some questions.
Will they get answers, possibly, or will the telephone call be curtailed by the Centamin manegment?
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