Member Info for mrtibbles

I agree most puzzling!
However in my view hardly surprising considering recent events that were completely mismanaged.and the response of the management to investors since has been severely lacking to say the least!
Half a billion pounds wiped off the company value in a couple of months, albeit partly due to gold price ,but mainly due to the complacency and failings of certain members of the Centamin management, not to mention their failure to be entirely open with their investors and the market.about the true situation at Sukari
As to take overs, buy outs I have been invested in companies in the past that have sold out or been taken over and on each occasion the manegment board did very well but the same could not be said for the retail share holders, they usiualy got some cash and so many shares in the new company for every share that held in the one being taken over, which of course affects the share value,not to mention future divdend payments.
With the CEY share price at this "Sweet Shop" valuation the likes of us would most likely lose out.
However a Centamin share buy back now would be very prudent, it would help the SP by sending out the right message to that market that the management are confident their strategy to ensure the companies long term viabilty and success!

https://www.bbc.co.uk/programmes/b0bgrw4b

https://www.youtube.com/watch?v=O063vNsr1h0&app=desktop

Good point!

Thank you for your thoughts Tonsril.

I accept that things can go wrong in mining.

However share holders have every right to complain bitterly when highly paid member/members of the management team fail to mitigate production risk by not having sufficient or appropriate spares on site for a critical piece of production equipment (LHDR) l

Also the management glossing over the lower grades in the overground pit by higher grading as pointed out in a report of 2015 is not being entirely up front with the share holders.

These issues have resulted in a loss of faith or trust in the management team by the market and many share holders and are major contributory factors in n wiping half a billion pounds in value off the market value of the company..

Really glad to have an old friend back on board!

Your presence will give everyone's confidence a boost!

Best Wishes

Tibbs

Thank you Marmots for your opinion on Centamin and the gold price, also interesting that you point out the trap set by the central banks which was also referred to by Andrew Maguire a couple of weeks ago.<br /><br />Some are quick to point out that Andrew predictions never materialism or at least not immediately, so it gives me great satisfaction to see your confirmation of what Andrew predicted..<br />!<br /><br />

Quite so dealts,

Many of us long time holders did the same, after the Q" cut in guidance the SP drop was severe, but then after such an upbeat Q! presentation I suppose the market like many of us lost faith in what they were being told.

Of course the possible implication of lower overground grades as pointed out in the Kees Dekker 2015 report which Centamin were able to gloss over by higher grading may not have been such a problem were it no for the complete failure of the underground long hole drilling rig on which so much depended.

So the Centamin managements failure to mitigate underground production risk and what may be regarded by some as sharp practice in high grading overground production has resulted in some very severe damage to the managements credibility and made the company SP an easy target to give a good slapping down.

I hope the recent site visit confirms that changes have been made and that improved production output is going to take place, if not them more of the same slapping I suppose!

I have written to the Centamin management suggesting that thy should consider asking Kees Dekker to produce an dependent report on the situation at Sukari now, thiis I feel this would be a great way to prove that things are going to improve from now on,as yet I have had no reply from Centamin.

Most analysis uses 'market norms,' norms based upon how it used to be. The use of history, data, charts, fundamentals, whatever, calculated using the old well tested norms of yesteryear.

Fair comments Rebess and its the corrupt manipulators that decide which way they are going to drive the markets then place their paper bets accordingly, to ensure reap the rewards.,whilst the regulators sit on their hands or look the other way.

Its no different to controlling the magnet under the casino roulette wheell

For instance those controlling the game have the NFP figures on the Monday whilst the rest of the plebs wait until Friday lunch time

Most analysis uses 'market norms,' norms based upon how it used to be. The use of history, data, charts, fundamentals, whatever, calculated using the old well tested norms of yesteryear.

Fair comments Rebess and its the corrupt manipulators that decide which way they are going to drive the markets then place their paper bets accordingly, to ensure reap the rewards., whilst the regulators sit on their hands or look the other way.

Its no different to controlling the magnet under the casino roulette wheell

For instance those controlling the game have the NFP figures on the Monday whilst the rest of the plebs wait until Friday uch time

"The European companies have suffered from the US sanctions and punishments [against Tehran], and the US uses the dollar as a weapon to punish countries," Bourgeois was quoted by the news outlet as saying during a meeting with a high-ranking Iranian parliamentary delegation in Belgium.

https://sputniknews.com/business/201809031067716191-iran-us-sanctions-dollar-europe/

https://sputniknews.com/analysis/201809021067689871-expert-invest-gold/

https://sputniknews.com/business/201809021067688904-iraq-iran-trade-dollar/

"We abandoned dollar transactions, most of the trade transactions will be in euros, Iranian riyals and Iraqi dinars," he said, pointing out that in certain cases a system of mutually beneficial exchange is envisaged. According to al-Ishaq, the average annual trade turnover between Iran and Iraq is $8 billion.

Quite so, and then the share price would really rise!

You can tell the US market has opened up!

NFP on Friday, perhaps they aren't as hoped for, remember those manipulating the markets will have the actual figures by now!

https://www.youtube.com/watch?v=wxbO2yyxc0I

Hi Sotolo,

I think the problem is that Andrew see's the reality of the situation and what is actually going on, but off course he doesn't pull the strings of those that control a system based on selling a virtual commodity (Paper Gold) to devalue the real physical gold.

As Rebess has often pointed out the system is so corrupt but well established there is no quick fix.

Andrew is honest and man of great integrity, but he is up against a very well established system that can easily discredit anyone that speaks out against it because they can make predictions which way the commodity value will go and then make it happen using media innuendo & paper sales!

How many of the general public realise, understand or even care what is going on in the commodity markets, they don't have ta clue and that suits those that run the system, it's not fair, it's corrupt but governments don't care if it can be used to cover up their failed policies keep them in power for a little longer

Looks like you may be right!

Never mind remember it is after all just a "Blip", admitted rather an expensive "Blip" at £half a billion pounds!

"British Bulls" are saying to stay short , are they right or wrong I wonder?

You can tell the Yanks are back off holiday , LBMA getting it ready for the US opening.

https://www.bullionvault.com/gold-price-chart.do

https://twitter.com/CapitalDrilling/status/1021939160330817536

This cost although a significant amount is nothing when compared to the cost of lost production and the damage to the companies credibility of being able to delver on target (half a billion pounds).

The existing LHDR must have been running at or over it's safe limits, that's why it packed up!

That is no way of running any production line especially if the company intends to increase output in the future and regain credibility with the market on future guidance predictions.

Our experience surely shows the folly of running underground drilling operations on a wing & a prayer principle.

Also should the government bring in the changes regarding investment law and mining concessions then Centmain will be in a position to be able to respond quickly.

Capital Drilling
‏ @CapitalDrilling
Jul 24

We have commissioned our first remotely operated Blast Hole rig at .@CentaminPlc Sukari mine. The operator is in a self-contained truck-mounted Drill Control module, a safe distance from the Remote Drill module, allowing safe and productive drilling in high risk work areas.

Quite so Rebess!

I think a most of us long term investors will think twice about investing any more until the management demonstrate that they have put in place procedures for resuming the predicted production levels and the output announced by Amdrew Pardey in he QI report.

The management are more open and honest with share holders about the issues such as the lower grades which we are now encountering and the management were aware of in 2015, but chose to cover up by using high grading mining techniques...

OK so Andrew Pardey remains committed and hasn't sold his free shares, all very well, many long term investors also remain committed, but they have paid for their shares and believed in the management who it seems have failed them!

So come on Centamin management, lets have some news on what is actually happening to rectify the recent failings and short comings at Sukari which has knocked half a billion pounds off the value of the company!

The management team are supposedly committed to share holder value,so when is it going to deliver the lost half a billion pounds?

I am not interested in hearing about "Blips" any more , losing half a billion pounds in company value through fore warned but glossed over lower grades and a failure to mitigate production risk is inexcusable and certainly not a blip!