Member Info for mrtibbles

"With the stock market marking new highs, everybody's talking about Bitcoin. Nobody needs a safe-haven asset in this environment." https://www.bullionvault.com/gold-news/platinum-gold-121820172 Just shows the mentality of those running the markets, hardly responsible!

If the company doesn't care about the share price then why does the first paragraph on the Centamin website investors elations page state "Generate value for shareholders" Investment Proposition.. With a rapid growth profile and a robust balance sheet with substantial cash balances, Centamin is uniquely positioned among mid-tier gold producers to generate value for shareholders. We are focused on driving operational excellence and strong profitability in order to deliver on our targets I do agree a share buy back would have been wise and should have raised the share price . The chairman Josef however is a big fan of dividend payments, so some concerted persuasion by large share holders would be needed to get the the board to support a share buy back. The problem we have is that the big share holders are mainly ETF funds who care not a jot,especially if the shares are held in CFD's as they get the divi on the ex divi date anyway (great for day trading) without having to wait like the ordinary equity holders. What we need is some large institutional share holder to lobby the board for a share buy back,however until the court case or Law 32 is settled institutional investors can't buy the stock!

Very fair comments Cowichan! As you rightly point out, it's not politics now but a legal case, Allfacarani has admitted that he has no evidence to support his accusations and the court has stated their is no evidence of any corruption or wrong doing by Centamin. Hardly political , after all the Egyptian judiciary claim to be non political

If you recall when tackled on this issue Andy Davidson referred to the court case as a distraction! A very expensive distraction in my opinion! What Andy really meant was "I'm going to bury my head in the sand on this one, gold mining is far easier, perhaps then it will go away!" Although to be fair this attitude is something all the miners suffer from, for instance as an industry look at how little they have done to fight to manipulation of precocious metals prices. If only they would all stick together and say it if we don't get fair prices we don't mine! It is only recently that the chairman of Majestic mining spoke out and yet silver has been hammered by the paper sellers for years! Silvers Legal challenge Let's hope this challenge gets momentum and the miners wake up to the fact that they and the genuine investors are the ones being ripped off. https://youtu.be/BObz_roG-Mg Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to revive the case. One key player in the precious metals sphere said the case brings, ‘vindication.’ ‘This is going to cleanse this marketplace,’ said Frank Holmes, chief executive officer of U.S. Global Investors, on Thursday. The newly cited evidence was handed in by Deutsche Bank after it reached a $38 million settlement in the case earlier this year. Other banks involved include: UBS, Barclays, Standard Chartered and Bank of America, among other financial institutions. Holmes added that his confidence in the system is not shaken but finds the news disturbing, ‘I have always said that gold is the fourth most liquid asset class in the world, and it is money. And naturally, if central banks are involved in manipulating interest rates, then gold is part of that process.’ Holmes said the case is ‘positive’ and views it as ‘good news’ for the industry. The news comes following last week’s headline that Deutsche Bank paid $60 million to settle a U.S. gold price fixing case.

Josef Chairman Centamin Perception versus reality speech by Centamin Chairman at conference https://youtu.be/40a7qtAWcqk No problems Mick, there really never was a case for Centamin to answer, I have posted the link again to Josefs speech which really spells out how facts gets mis represented in the media and spread around by the ill informed. The sad thing is that this sham of a court case has allowed the MM to discount the share price by around 40% or so over the following years which has in turn made Centamin easy prey to the day traders and shorters.. This has also allowed the ETF funds to fill their huge CFD trades at bargain prices to trade up and down with, that again is not good for a fair share price or share price stability. Perhaps the biggest shame though is that their are institutional investors and funds that are wanting to invest in Centamin but are prevented from doing so whilst the court case is unresolved. As you may well realise I have little respect for the MM who behave like carpet baggers at times and neither the Cartel who are responsible for the unfair valuations of precious metals and who would rightly be regarded as fraudsters in any other walk of life. But get the court case or Law 32 out of the way and Centamin will be better able to better withstand the attacks and manipulations of it's share price that it suffers at the present!

Fair comment Wally, I can't find anything out although to be fair our old friend Siko is the one who is likely to hear things well before they are released over here. Common sense would dictate as the case should now be dismissed against Centamin as it was based on inaccurate facts,fictitious evidence,innuendo and a political grudge Alfakerany had had with the then government,not to mention that he is now a convicted felon serving time! It seems though that there isn't a judge who is willing to stick their neck above the parapet and dismiss the case as it is stuck in limbo until the SCC make a decision on Law 32, you may recall they initially rejected law 32 but were told to go back and reconsider their decision. So the SCC have had their nose put out of joint and they aren't gong to rush to come back with their reconsidered findings , which for all we know may not have changed. If that is the case what happens then, scrap Law 32 and back to court I suppose which would be OK if the judge will just dismiss the case, but is there a judge willing to actually make that decision? You may recall that the chairman Josef mentioned in his speech how much the over hanging court case had detrimentally affected the market cap of Centamin , yet the case against them is a sham of lies and innuendo! I would have thought that Centamin should be due for compensation of some sort for defamation of the companies reputation and financial loss,although who would pay it ? In the mean time Centamin has paid the government royalties up front and is now paying huge amounts in profit share as we all know. When is commons sense or even justice and fairness prevail?

Thanks Razors, I hope we see it before the year end, although I doubt it as this would normally go through their PR company I would have thought?

Just like the Credit Default Swap bubble that burst and almost destroyed the global financial system in 2008 the silver derivative bubble is an accident waiting to happen. That's it for me but let me leave you with a little Silver Manipulation sing-a-long... http://www.roadtoroota.com/public/720.cfm http://www.24hgold.com/english/news-gold-silver-understanding-silver-price-manipulation.aspx?article=3669765900G10020&redirect=false&contributor=Bix+Weir http://www.24hgold.com/english/articles_about_Andrew_Maguire.aspx?kc_id=3381754D5010

Warren Buffet was correct in identifying derivatives as "WEAPONS OF MASS FINANCIAL DESTRUCTION". If there was any one person to blame for the 2008 financial crisis it was a woman named Blythe Masters out of the JP Morgan "Financial Products Division" in London. She was the creator and promoter of the Credit Default Swap market and built it up over 15 years into a monstrous 50 Trillion dollar market by 2008 when it all fell apart. The destruction this amount of "risk hedging" ended up costing the world was almost incalculable. Today, even after all the losses and bankruptcies, the Credit Default Swap market stands at over 30 trillion dollars. So what ever happened to this woman who destroyed the world's financial markets with derivatives… 1) Blythe went from running the gigantic CDS derivative market to running the gigantic commodity derivative market for JPM. 2) Based on the COMEX daily silver volume averages over 120B ounces of silver derivatives will trade in 2011. 120B ounces! Stunning number considering there's a total of just over 700M ounces mined every year. AND THIS IS JUST ONE EXCHANGE! COMEX open interest means nothing. The price of silver is determined on a trade by trade basis. The amount of daily volume on the COMEX is staggering. 3) The LBM will settle over 50B ounces of (supposedly physical) silver this year. These are net ounces counted at the end of each day. During the day many multiples of this amount trade hands. I'm conservative and I'll say 5x the amount or another 250B ounces of silver derivatives. 4) Including all markets and unreported OTC derivatives I estimate that the total worldwide silver derivative contracts traded in 2011 will amount to 500B ounces. 500B ounces! 5) Let's say that 500M oz of the 700M oz mined every year have silver derivatives attached to them for some reason. That equates to silver derivatives totaling 1,000x the underlying commodity. There is no legitimate market function of silver derivative trades for the 1,000x derivative leverage. In the March 2010 CFTC hearings commissioner Gensler asked Jeffery Christian a very important question at the very end of that hearing. That question was "What are the billion banks hedging on the other side?" His answer was "a tremendous amount of things" and it clearly didn't satisfy Chairman Gensler. 6) The truth is that the price discovery mechanism for silver has been destroyed by a mountain of silver derivatives. Remember that "Quaint Little Silver Market" we talked about earlier? It means absolutely NOTHING when it comes to discovering the true Fair Market Value of silver as long as the silver market riggers are allowed pile on 500 billion ounces of silver derivatives every year. Just like the Credit Default Swap bubble that burst and almost destroyed the global financial system in 2008 the silver derivative bubble is an accident waiting to happen. http://

commit themselves without instruction or permission from Centamin, so if the company is intending releasing some information on a certain date and it has given the PR company permission to disclose this then yes they would give you an answer.

I don't think it's the actual PR team that are the problem, they can only divulge either what they are allowed to or the information given, in this case a resource update, as we know that is the responsibility Mr Pardey , then of course Andy Davidson is responsible for investor relations although he tends to delegate that to Buchanan Communications 107 Cheapside London EC2V 6DN Tel +44 (0) 207 466 5000 So sadly I think unless Mr Pardey decides to release something we won't hear much now until next year!

The main man who would deal with this is off now until 09th January, no point really contacting his underlings as they won't give an answer without consulting with him! Hope that helps!

elected in a key seat! A good poke in the eye for Trumpo, he may not get his tax changes through now?

Fair comments Marmot, I can give you the wholesale market view from a good contact, If the bottom was not made already yesterday, once FOMC settles a ‘sell the news’ bull rally will commence!

RE: Appointment of corporate broker Very good news – more for marketing Centamin in North America than anything else! Seems our thoughts on take overs,acquisitions, or even any secret deals aren't justified at the present time and we should all rest easy and keep the faith!

Burkina Faso gold sector shines Mining Review Africa article (this week) - maybe of interest https://www.miningreview.com/news/burkina-faso-gold-sector-shines-brightly/ I am not saying that you don't know a different side of things Mizolgit!

I don't know if anyone recalls but I mentioned a few weeks ago when we were discussing if our SP was being held back that I had heard someone of the opinion that the Cey share price was being held back for some reason, although I didn't really take them too seriously as from past experience they were not a reliable source of info.. Perhaps as Cowichan eludes too this is why the resource update and news on Burkina Faso hasn't been released? I certainly fond it hard to understand why we haven't had a resource update , they must surely have all the information by now?

Very good points Cowichan! Who is to know the true identity of those who may break in through the Blockchain security, they may be working for the criminal fraternity, for foreign governments or even those who have a vested interested in destroying the creditability of Bitcoin? The Tech companies security systems are not only a tempting challenge to some to crack, but are all too often as much use as a chocolate teapot!

I think part of the attraction is that it is perceived as a way for the ordinary people to rebel against the lies and manipulation by the establishment and a way of breaking free.! I wish I had the foresight of Rebess to have gotten involved in the early stages, still good luck to him and big respect! What Bitcoin has shown is just where precious metals should be were it not for the manipulation using paper & spoof tactics by those in privileged positions. At one time the establishment poo poo'd Bitcoin, now that has failed they are desperately trying to catch up and control Bitcoin by morphing it into the comex futures markets and by giving the likes of institutional traders certain advantages not open to the small guy. But it may well be it's too late, as the Genie of an uncontrolled & manipulated currency by the establishment is out of the bottle, the rise in Bitcoin is testament to that! Possibly this is just the start of the march of the crypto currencies and because of the success of Bitcoin people will be more willing to take a risk and get involved? What ever happens change is coming in 2018!

Rosatom says planned Egypt nuclear plant to cost $21 billion https://uk.finance.yahoo.com/news/rosatom-says-planned-egypt-nuclear-plant-cost-21-140800607--finance.html With all that sun and wind in the desert why don't they go for solar & wind turbines instead of a Russian nuclear plant?