Member Info for mrtibbles

Most people don�t have any idea that The Congo is indeed the single largest producer of gold globally. The problem lays in the fact that MOST gold is smuggled out of the Congo to avoid taxes and compliance. Much of this smuggled gold ends up in Uganda where the corrupt govt is compliant in allowing this Congolese gold to be refined and exported where a lot of it is channelled through Dubai into non LMMA refineries have very lax KYC criteria. Uganda has very little gold, (just a little along the Congo border), yet they have a refinery which says it all!

It's always good to see posts,especially when things are otherwise quiet , as you say Rebess it lets people know the board is alive!

I think you misunderstood, it is Kinesis that is ethical and if adopted it could help stop some of the corruption that happens in the Congo including helping to ensure fairer prices. Kinesis is very much related to any gold mining company including Centamin because if it is adopted it should help push up the value of gold. You most probably have wasted some hours this week end because the full and final Blueprint on Kinesis wasn't actually available. I was asked by some long standing members on this board to keep them updated on Kinesis ,I have done my best, but did emphasise that coming to a decision at this stage was pointless as all the relevant information had not yet be made available . One of the strengths of this board and why it is so successful in helping members to consider their options is because the discussions include not only Centamin, but other subjects that may be related in some way and could may affect Centamins future value.

Kinesis not only and 1st tier asset box, it also ticks the ethical gold box. Kinesis team are working with President Samey Badibanga http://congo-rdc.niooz.fr/aucun-entretien-entre-donald-trump-et-samy-badibanga-14942359.shtml who is going to be next prime minister. He resigned due to not agreeing with the corruption, but he has the vote of the people and will be president again. KIinesis is also working with other African Govt�s who immediately expressed interest in adopting Kinesis. The Congo is the single largest gold producer and will adopt Kinesis as it will track every oz of gold from mine to refiner eliminating �blood� gold, the crooked foreign brokers,( that only pay around $600 per oz to the poor miners), and enable the Govt. to collect taxes to build infrastructure and improve the quality of life for the Congolese people. This should be a massive win win for all. A Yield that�s secure and ethical in every sense. Listen to Goldseek broadcast Monday evening

Not log now and all will be revealed! The problem is that there have been so many dubious crypto based schemes and other market scams in the past that investors are naturally suspicious of anything Crypto now and even more so of anything that claims to be able to help control the established gold market manipulation that has depressed the true value off gold for so long.

The Kinesis coins are fully backed gram for gram with gold. The Kinesis velocity Tokens are essentially equity in Kinesis. T The blueprint will be published by Monday which will time well with the just recorded Goldseek interview., Please be patient just a little longer and everything will be clear to you,.

pdf was pulled as the pre proofed draft version had been published instead of the final approved copy! Being checked and re proofed again and will be available on link later!

All of this changes when Kinesis launches. The physical market will determine the gold price. Any paper market discounting into literally billions of dollars of additional physical demand will be arbitraged. Launch is imminent!

nothing about stopping Lord El Nagy mascaraing as a peer in Egypt, what a lazy bunch! Makes me glad to sign this petition! You can find the petition with the link http://ers.do/no-new-lords https://action.electoral-reform.org.uk/page/20144/petition/1?ea.url.id=1261059&forwarded=true https://action.electoral-reform.org.uk/page/20144/petition/1?ea.url.id=1261059 In the face of public anger, the Prime Minister has apparently dropped plans to pack the House of Lords with more unelected peers � for now. But without pressure, more appointments are on their way. Sign the petition calling for a halt to new appointments until there are plans for real reform.We are winning the argument Now we need to take our campaign to the next level � and ensure the days of an unelected second chamber are over. Best wishes, Darren Hughes, Chief Executive, Electoral Reform Society

The divi will always be a minimum of 30% of free cash flow generated, which is post profit share. This is the case even if they decide to build/buy another mine. The other key is CEY having a cash buffer on the balance sheet of between $250-300m. That is to be deployed for the building of the next project, cash for a rainy day, etc. Anything above that level will be given back to shareholders. The reason the divi was 100%+ of cash flow is that the cash generated was strong and they did not have a project to earmark for development, so they handed it back to shareholders. In terms of the forecasts for profits, well no-one knows what they are going to be because of a fluctuating gold price, currencies, fuel costs and other variables. What CEY believe is that they are going to produce 580,000oz in 2018 at one of the lowest cash costs in the industry, they will share the free cash flow with the Egyptian state in the way that has been very well explained, and whatever surplus they have (over $250/300m on the balance sheet) will be handed back to shareholders. People have to remember that this company last raised funds in 2010/2011 and has never come back to shareholders for a cent more. Nor do they foresee a time when they may need to. The profit level is somewhat irrelevant really, it�s the cash flow which is the real value of this business.

Kinesis have not gone public on the ICO yet. None of the other gold backed currencies are able to provide a yield. Like to say more, but I can't at this stage until just the right time!

Also Randgold not having fun in DRC���fiscally and operationally. Hence the sell-off over the past few days in that stock.

yesterday? Fed Plunge Protection Team https://www.marketwatch.com/story/time-for-fed-to-disprove-ppt-conspiracy-theory-2010-01-05 https://www.investopedia.com/terms/p/plunge-protection-team.asp Yesterday PPT footprints all over the crosses to avert a major stock market collapse.! Once Kinesis launches these paper games will not work any longer.!

Well done Sparkle & Fizz! patents for the new Crpto currency now being finalised ,once launched this should be good for gold !

That is correct Rebess 2016/17 tax year Centamin divi goes on a supplement sheet for overseas dividend no tax paid

Hi Rebess, I have already emailed the Centamin company secretary 'Darren Lemasurier' in Jersey pointing out the tax problems this could cause next year for UK tax payers Why not email Darren as well?

The proof of license submitted by CEY is for the whole 160km. This has been acknowledged by the admin court and all of the judges in the supreme court - if this was not so Cey would not have been able to have continued mining, which does as we speak. There is a lot of noise around what the arguments are about, almost all of them wildly inaccurate, this being probably the most farcical of them all. Cey has and continues to adhere to all of the conditions set in the original rule of law when they were granted the license. If they have transgressed this they would have been shut down a long time ago, let alone having spent close to $1bn on building Sukari.

Quite true Cowichan, I shall make the company aware of how they could be earning 8% plus on a gold backed Crypto currency on some of that stash! Even a $100 million could be earning at least 8% most likely more and it would be underwritten by gold! bullion !

So I was also confused Gino, I thought the reduction had come in for this tax year!

I am sure that you are right Gino73, that slimy Mr H couldn't miss out on screwing us for some more tax, despite claiming to be the party of low taxation! Its a pity Cey don't go for a combination of some share buy back and lower dividend