Member Info for mrtibbles

If it's not bad enough that Avanti West Coast makes passengers pay for the worst train service in the UK!

Leaked slides from an internal Avanti West Coast presentation, whose services are notorious for disruption, delays, short-notice cancellations and overcrowding, show senior management at the operator calling taxpayer money “too good to be true”.

https://act.38degrees.org.uk/act/avanti-bonuses?utm_source=email&utm_medium=email&utm_campaign=blast44138

"As-salamu alaykum" Alhamed

Thank you for posting the link and for your warm greetings and welcome to all investors in Egypt!

Tibbs

Fair comment Mizolgit, but in hindsight the Centamin BOD have behaved pretty irresponsibly or foolishly in the past!

Gold miners should outperform the bullion price this year, according to analysts at Liberum spurred by an outbreak of mergers and acquisitions across the sector.

Liberum has upgraded both Endeavour Mining and Centamin to 'buy', from 'sell' and 'hold' respectively, though its favourite remains UK-listed house stock Caledonia.

“Centamin arguably has the more pressing need to engage in M&A.”

http://tinyurl.com/bdhw3wmj

Gold miners should outperform the bullion price this year, according to analysts at Liberum spurred by an outbreak of mergers and acquisitions across the sector.

Liberum has upgraded both Endeavour Mining and Centamin to 'buy', from 'sell' and 'hold' respectively, though its favourite remains UK-listed house stock Caledonia.

“Centamin arguably has the more pressing need to engage in M&A.”

http://tinyurl.com/bdhw3wmj

Hi Dasut,

Thank you for pointing out my error, "In the early years" was part of a sentence uncompleted that I should have deleted!

Yes you are also correct again,I should have quoted the Group Resource and Reserve Statement presented on 19th November.

Kind Regards

Tibbs

Wouldn't we all, but doubtful because their RNS Quarterly report update accuracy can't be relied upon it seems!

What else hasn't been reported accurately ?

Why not get in first and approach the AIM Regulators on this and also try some of the fainacial media , this seems very suspicious!

Hi M Henderson,

As you may be aware it seems in the past their plans had higher grades and lower strip ratios which proved wrong!

Also although denied by the company Andrew Pardey the 2015 original analysts modelling it showed the open pit to be very marginal and that was at higher grade and lower strip ratio.

I had written to Centamin IR after the initial and now corrected/revised quarterly report asking if it were commercially viable to keep operating the open pit and would it make financial sense just to close it and concentrate on the underground profitable operations ?

I received no reply from Centamin although by coincidence they issued a corrected quarterly report now showing the open pit feed grade varying between 1.0 and 1.2 g/r in the early years, which is a substantial improvement from current levels!

The original presentation avoided showing the forecast open pit grades as though they were only giving half the story for whatever reason?

Although on this revised quarterly update the grades appear improved should the grade quality deteriorate again or prove unreliable then the financial performance for 2025 - 2028 would likely be disappointing!

Tibbs

Hi Tony,

Hardly surprising really, Shanta BOD are a shady crew, they have been fudging the facts about their operations for far too long!

Dogstar,

Well yes Mr Davis being a director should abide by the rules in their entirety, but by navigate seems to imply that he may resort to using some manoeuvrer that may or not be in the best interests of either of the parties involved in this proposed deal.

Hi Rebess,

On paper the improvement in grade is promising, but past history has shown that they overestimate selectivity of identifying ore from waste blocks!

The result was lower actual grade and lower strip (waste being allocated to ore).

In the latest presentation they show the open pit feed grade varying between 1.0 and 1.2 g/r in the early years, which is a substantial improvement from current levels. Let’s see, the proof is in the pudding!.

Agreed Razor's, strange isn't it!

I would say so far the M Henderson's contributions have been accurate.

Hi Rebess, neither am I offering trading advice, although an error such as this will have caught any traders going short with their pants down, although I have no time for those parasites!

Hi Henderson,

After what happened in the past regarding the erratic production and unfulfilled admittedly as we are now aware unrealistic predicted future guidance of the previous management I remain suspicious of any RNS and cautious for the future until the proof is delivered.

Tibbs

Mr Bond,

You are certainly not alone in your opinion in your Last paragraph!

In a report published last week, the World Gold Council said that gold outperformed major Chinese assets as it saw a 17% increase against the Renminbi. The move outpaced gold’s 14% gain against the U.S. dollar.

https://www.kitco.com/news/article/2024-01-23/china-continued-dominate-gold-market-2023-equity-rally-could-sap-demand

Thank you Tony,

Proves a few points!

Have passed this onto Andrew Maguire.

Tiibbs

Sorry posted my reply to increased 2024 production in the wrong thread!