Member Info for mrtibbles

H Tony,

Yes they quoted.,which obviously I can only take in good faith!

Produced gold in the final fourth quarter 116,000 oz,

Total 435,000 oz

Who knows they may surprise us with a bit more, hope so!

Tibbs

an additional or alternative investment to centamin?

re capital, the business is going well. it is much less risky than developing/producing gold from an asset in the middle of the desert!!

the relatively poor rating of the stock (ie undemanding p/e) is more of a broader small cap malaise with the market.

little volume in share trading as the majority of the register is made up of blue chip institutional investors, who are sitting there for a good yield, and an expectation of capital growth when the next big contract comes along.

“headwinds” are that the centamin/sukari mining contract finishes this year – and that has been in the market for the past 4+ years, so is expected anyway – but this is a natural conclusion, yet they are very involved in drilling (production mainly – grade control and blast hole) at sukari, and will continue to do that for years to come.

other ‘risks’ include their exposure to west africa, which seems to have coup every other month, but we all know mines are largely insulated from these events. keep an eye on their expansion outside of africa – they are already in saudi, ****stan and ever increasingly in north america. this won’t be enough as yet to de-risk african exposure, but may do in due course…we shall see, but this growth is mainly fuelled by one strategic client, which is barrick (and to a lesser degree newmont, the world’s largest gold miner – barrick is no2).

capd are hoping to have out their q4 trading at some point next week!

There seems to be no evidence as yet of a blockbuster discovery from their exploration so far, although to be fair that may still happen, but clearly hasn’t as yet!

Although as things stand It may be there is nothing more they can say at this stage beyond what they issued in this RNS.

That said and reading between the lines, they also had to come out with something positive to make sure their Egyptian stakeholder (ie the government) is aware that they are doing what they said they would be doing!

Whilst its understandable that Centamin's need to 'present' results for the EMRA then we must hope the board is still able to make decisions based on its shareholders best interests over the EMRA - although in a way the EMRA might be considered Centamin's most important shareholder!

Tibbs

capital, the business is going well

the relatively poor rating of the stock (ie undemanding p/e) is more of a broader small cap malaise with the market.

little volume in share trading as the majority of the register is made up of blue chip institutional investors, who are sitting there for a good yield, and an expectation of capital growth when the next big contract comes along.

“headwinds” are that the centamin/sukari mining contract finishes this year – and that has been in the market for the past 4+ years, so is expected anyway – but this is a natural conclusion, yet they are very involved in drilling (production mainly – grade control and blast hole) at sukari, and will continue to do that for years to come.

other ‘risks’ include their exposure to west africa, which seems to have coup every other month, but we all know mines are largely insulated from these events.

keep an eye on their expansion outside of africa – they are already in saudi, ****stan and ever increasingly in north america.

this won’t be enough as yet to de-risk african exposure, but may do in due course….we shall see, but this growth is mainly fuelled by one strategic client, which is barrick (and to a lesser degree newmont, the world’s largest gold miner – barrick is no2).

hope this helps!

What we should expect as 2024 trading begins - will we see a gold price over $2500 by the end of the year?

https://www.youtube.com/watch?v=mTafCMBGuKk&t=15s

Thank you Dasut, I hadn't realised that Tony had posted the link ,I had been trying the Centamin regulatory news, but as I explained II had the pop ups on the left side of my laptop screen and just hadn't realised that I needed to open the pop up to full screen for the links would become apparent,

I have let Centamin know about this in the webpage design, although a way to avoid such confusion is to make the links more easily visible.

Tibbs

Hi Dasut,

I owe you an apology, you are correct the maps are there, I hadn't realised that in the regulatory new the links to the maps weren't visable unless the pop up window was opened up to full screen!

For anyone else looking for the more details and maps, open up the pop up widow and find the links here-

In regulatory news if you click on Encouraging Maiden Drill EDX results January 2024 07:00 then open up the pop up window then as you scroll down there are several links offering more information,

Nugrus 2023 - Maiden drill targets (LINK)

The maiden RC drill programme was completed in Q4 2023, having drilled 16,216 metres. Drill fences were spaced at approximately 50-150 metres and drill holes at approximately 50-100 metres along the fences depending on target size and accessibility.

The Little Sukari prospect returned the most encouraging results of the programme. Zones of consistent gold mineralisation up to 30-60 metres wide occur over a strike length of at least 250 metres and extend at least 230 metres downdip to a vertical depth of approximately 200 metres below surface. Mineralisation remains open at depth.

Little Sukari derives its name from its geological and geochemical resemblance to the Sukari deposit, with mineralisation developed in a geochemically distinct granodioritic intrusive, emplaced in a shear zone that is developed within an ophiolitic "melange" succession like the wider host sequence at Sukari. The Little Sukari prospect is situated approximately 28km west of the Sukari Gold Mine.

Image 3: Little Sukari - Plan view of 2023 drilling collars, gold mineralisation outline and cross-section locations (LINK)

Image 4: Little Sukari - Cross-section LS270 - 5990 showing drill holes and gold mineralisation (LINK)

Image 5: Little Sukari - Cross-section LS270 - 6080 showing drill holes and gold mineralisation (LINK)

Image 6: Little Sukari - Cross-section LS270 - 6140 showing drill holes and gold mineralisation (LINK)

I have downloaded the maps from one of these links , this may be the information I wanted!

Tibbs

Hi Dasut,

I referred to the Centamin website, Regulatory News and then the pressed release on “Encouraging Maiden EDX Drill Results”.

There are definitely no maps and cross sections included?

These are supposedly regional results although you state "they haven't drilled down to underground levels”, which surely indicates near mine drilling, so without maps how is it possible to know where the drilling was carried out?

Obviously we need to know if Centamin has positive or negative results, hopefully more of the former! But that said in this RNS the numbers are the numbers and on the information as it stands as yet they are not drilling anything that is worth getting exited about!

We all hope It may turn out to be better in future, but so far that remains to be seen!

Tibbs

Pros and Cons of EV/EBITDA

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Question to Centamin Investor Relations

Re INTERVIEW- Egypt’s securitization of FX revenue: Risks and prospects

https://english.ahram.org.eg/NewsContent/3/12/515450/Business/Economy/INTERVIEW-Egypt%E2%80%99s-securitization-of-FX-revenu-Risk.aspx

Dear I.R.

I thought this article was interesting when considering that most FX revenue which comes into the Egypt government is likely from oil/gas & gold and so I wonder if this intended FX securitisation will have any effect at all on Centamin or its revenues?

I would be most grateful if you could get back to me regarding this matter.

Kind Regards

Name

UK Retail Shareholder

Thank you Dasut,

I will have another look, but after past experiences and disappointments although this looks promising they have yet to be proven as to commercial viability so we shouldn't build our hopes up too high just yet.

Tibbs

Alhamd

Thank you for the update on Sukari gold production and for letting us know that targets are being met.

"بارك الله فيك" (baarak allahu feek

Tibbs

Agreed Dun,

The present stock market system is corrupt to say the least, it's all about making money for the stock market by churning the share prices and indices up and down trading in undelivered futures contacts for paper or non existent commodities priced in reaction to manipulated data.

What's even more obscene is that the leverage (short term loans) of £ billions for CFD trading are usually interest free if within a trading period or less of fractons of a percent , tax deductible and these are subsidised by the majority of ordinary people who have to endure austerity public service cuts and resort food banks, but then the people on hard times can always try to get a short term loan at 50% interest and more because they are desperate and so might be a bad credit risk!

The whole market system is broken , unfit for the 21st century!!

Tibbs

Unfortunately whilst some will do very well out of this decision there will as Tony pointed out be many who dive in without really understanding what they are getting into until the next drop hits them!

Thank you dun for your reply which I am in agreement with in most respects , although the chancellor's obsession or fixation on overgrowing GDP demonstrates that his policies and indeed his party are out of touch with reality that of how the world has changed and the hardships so many people are having to endure!

You may find his interesting https://www.theguardian.com/news/2019/jun/17/is-time-to-end-our-fixation-with-gdp-and-growth

Perhaps you would care to expand on your initial reply as it raises some pertinent points on the issue of short selling?.

he is a and the way the world has changed

Quite likely, let's hope so!

After all Sun Tzu, the brilliant Chinese military strategist and Al Pacino of “The Godfather” give the same wise business advice: Keep your friends close and your enemies closer. In other words, follow not only what your business partners are doing, but what your competitors are involved in as well.

The most common scorecard that most businesses use is financially beating their competition. However, sometimes working together with a competitor is actually the best way to achieve a common business goal.

Hi Dasut,

Skip the highlighted results as these are pretty meaningless, not really being representative.

Move on to the table with all borehole results and check these.

As you will be aware the drill spacing, or the distance between drill holes, plays a significant role in resource and reserve estimation, closer spacing often provides more reliable data, although it comes at a higher cost.

Wide spacing whilst less expensive is used in the early stages of exploration, wide spacing is less expensive, but offers less reliable estimates and so generally used for inferred resources.

Apparent are generally very short intervals with mediocre grades which may not be economical for underground mining.

*Also noticeable is the absence of maps and cross sections to put these results in context.

*(This may be due to being in the closed period)

So good news up to a point, but best not to count our chickens just yet until all the eggs are hatched!

Tibbs

Iman Naguib, commented: "I am delighted to be joining Centamin at this stage in the Company's growth journey.

The Company has built a reputation in the region for being a leader in the sector through its development of the Sukari asset into a world-class mine, and I am really looking forward to working with the Board and management team to further build on this strong platform in the years ahead."

There are no further details that are required to be disclosed in respect of the appointments under LR9.6.13 of the UK FCA Listing Rules. This announcement contains additional regulated information.

As as shareholder I feel it may not be wise to allow a possible informer Iman Naguib to be added to the Centamin inner circle ?

Has Naguib Sawiris something brewing - all his ducks lining up, although it's taking longer than he may have liked.

Has the La Mancha's team already seen Centamin's exploratory particulars without already? I

If not then is Iman Naguib now on the inner circle to deliver the goods?

Here are a few of her current La Mancha linkedin connections :

https://www.linkedin.com/in/graham-crew-5ba79133/

Technical Director La Mancha Apr 2022 - Present

London, England, United Kingdom

https://www.linkedin.com/in/karim-michel-nasr-32432330/

Chief Executive Officer La Mancha

May 2019 - Present

And finally, check out this old announcement:

September 17, 2012

MONTREAL--(Marketwire - Sep 17, 2012) - La Mancha Resources Inc. (TSX: LMA) ("La Mancha" or "Company") is pleased to announce the appointment of Mrs. Iman Naguib as its Chief Financial Officer, effective September 17, 2012.

Sébastien de Montessus, President and CEO of La Mancha, stated that: "We are delighted that Iman is joining the La Mancha management team. This is another important step in building a first class team to take La Mancha through its next phase of growth and development.

Old slimy Seb! The pillar of upright financial dealings himself blesses the new hire...

https://www.yahoo.com/news/la-mancha-appoints-cfo-193717355.html

I appreciate that we are now in the closed period prior to the imminent Jan 18th 2024 update which is possibly the reason why what may be regarded as market sensitive information hasn't been made available at this time?

So lets hope Martin Horgan and his team are intending to present this missing information/data on 18th Jan 2024 so as to fully inform shareholders and the market of the true commercial viability and future potential of this Eastern desert reserve, because on the information made available so far it doesn't look as promising as might be hoped for?

As a Labour member of the UK parliament, I firmly believe that the time has come to revisit and reform short selling regulations, particularly in light of the recent news from the US that the Securities and Exchange Commission (SEC) has adopted a new short selling rule in attempt to increase transparency. Our mission is clear: protect the interests of pensioners and retail investors and ensure the integrity of our financial markets – in short, the exact opposite of the proposed regulatory changes the chancellor announced in the Edinburgh Reforms.

https://www.politics.co.uk/mp-comment/2023/12/21/siobhain-mcdonagh-why-the-regulatory-framework-for-short-selling-must-be-revisited-and-reformed/

The sooner this method of market manipulation is rigorously regulated is long overdue in my opinion!

Tibbs