Member Info for mrtibbles

Hi Pam,

Hope you find the board useful, although don't rely on it for making any investment decisions because none of us are qualified investment advisors, this is just an amateur talking shop where anyone can be whom they choose to be , bit like Harry Potter films!

The share price is on its butt and it has become just trading stock because of the way the company has been run since about 2015, share prices don't remain at these levels for this amount of time if the market really believes that all is as claimed by the company management, so beware!

But that said who knows your wine bar acquaintance may be referring to some of the rumours that are being touted about, so good luck l

The slime bag that caused the present dire state of the UK is brought back as a Lord!

Former prime minister David Cameron the ex-PM will be made a peer, No 10 said. (Credit: PA) (James Manning, PA Images)

Cameron has been remembered for two primary legacies - the launch of austerity measures alongside George Osborne in the wake of 2008's financial crash; and calling the the Brexit referendum of 2016 that ultimately led to Britain leaving the EU.

But as he begins his unexpected stint in charge of the Foreign & Commonwealth Office, here's six other things you might have forgotten about him:

https://tinyurl.com/2wmeh8um

As the prime minister who called the EU referendum, the shadow of Brexit will loom over David Cameron’s career in the history books.

David Cameron pledged to hold a Brexit Referendum by 2017 in his 2015 General Election manifesto. This pledge was a direct response to the 2014 success of pro-Brexit party UKIP in the European Parliament elections, as Guardian columnist Martin Kettle wrote that shortly after Cameron’s resignation.

https://www.verdict.co.uk/david-cameron-brexit/

Religions the world over regard gold as sacred!

Dr Stephen Leeb, money manager and writer of the Intel for Investors newsletter, discusses the acronym he coined: ICAG, and the expansion of BRICS.

https://tinyurl.com/2p85n2yj

70 years on?

For most governments around the world, economic growth is the primary objective. Policies

are geared towards growth, and governments are often judged on their ability to deliver

ever-rising economic output, spending, jobs and pay.

But it is becoming increasingly obvious that continued economic growth is ecologically

unsustainable. As we grow the economy, we grow our usage of energy and of a range of

natural resources, many of which are becoming increasingly scarce. We also produce more

pollution, including carbon emissions, than the environment and atmosphere can process

and absorb.

It may sound a modest goal to aim to grow the economy by 2% this year – after all, most

people would consider it reasonable to request a 2% pay rise.

But the maths of exponential growth means that an economy that grows at 2% each year will be twice as big in 35 years,four times as big in 70 years, and seven times as big within a century. If our resource use and pollution today are already causing fish and bee populations to collapse, rivers and aquifers

to dry up and weather patterns to change – with alarming implications for food production –

then what should we expect when the global economy is two or four times larger?

Pushing back against proposals linked to simply growing the size of the company and encouraging executives to hold more shares personally. “There’s often not much downside risk in these plans; our fund managers want to see more skin in the game,” she said.

“The word that’s key for investors in the debate on executive pay is alignment,” said Richard Bernstein, head of activist investor Crystal Amber. “The more that a CEO’s bonuses are aligned to increasing the share price the better. I’ve seen cases where bosses are handed a cash lump sum bonus just for doing their job – that’s not on and understandably creates division with employees.”

Bernstein said the solution is to increase the proportion of executives’ pay in shares, and potentially hand employees stock, too. “Ultimately some bosses are in it for the challenge and others for the money,”

https://tinyurl.com/u76vrpxe

The present already very generous Centamin BOD remuneration packages criteria are far too heavily biased on the right to an automatic award of free shares just for doing the job of a fashion and even more shares if the remuneration committee decides based on pretty low hurdles that additional bonus shares should be awarded, it is more like the share awards are just custom and practice rather than directly linked to the share price!

Still waiting to see the directors step up to the plate and put something substantial on it rather than just feeding off it!

When deciding whether to invest in a company there are several things investors look for, but one that should be high up on the list is whether or not directors have “skin in the game”.

https://stockhead.com.au/resources/why-investors-should-back-directors-with-skin-in-the-game/

Berkshire’s Directors Have Skin in the Game

https://rationalwalk.com/berkshires-directors-have-skin-in-the-game/

But it's still so cheap, that is according to Martin and he should know.

Or does he know something we don't which is why he is'nt buying?

Are shareholders being led up the garden path again?

Remember Henderson said there will be some announcement of bad news this quarter?

Come on Henderson spill the beans!

“They have managed to bury the facts under a fantasy of never-ending growth”.

https://www.canberratimes.com.au/story/7577199/its-the-end-of-politics-as-we-know-it/?cs=14246

Does GDP ever become uneconomic?”

https://rb.gy/zzbetg

Fifty years ago this month, the System Dynamics group at the Massachusetts Institute of Technology in Cambridge had a stark message for the world: continued economic and population growth would deplete Earth’s resources and lead to global economic collapse by 2070. This finding was from their 200-page book The Limits to Growth, one of the first modelling studies to forecast the environmental and social impacts of industrialization. https://rb.gy/iokkql

More Pomie humour!

Peter Kay & Sian Gibson just can't contain themselves as Reece Shearsmith/'Stinky Ray' sings along to Ini Kamoze's !

The last thing a very hungover (still drunk) Kayleigh needs is Stinky Ray getting in the car for a lift to work.

https://www.youtube.com/watch?v=U0optP8HoWo

https://www.youtube.com/watch?v=YCDnyN1CKKI

Peter Kay's Car Share: management speak cliches. (Hilarious, English lesson)

https://www.youtube.com/watch?v=k0qDKGcHU5o

Peter Kay and Sian Gibson star as assistant manager John Redmond and promotions rep Kayleigh Kitson in this comedy series. Working together at an out-of-town supermarket, they are given a company car, but it comes with one condition: They have to share rides together. Without a choice in the matter, the pair are forced to get to know each other during their daily commute. Will they get along from one day to the next? The drama unfolds as John and Kayleigh deal with quirks like lateness and forgetfulness.

Something else to make you laugh!

Tommy Cooper-Hats

https://www.youtube.com/watch?v=cnotRo2qOtU

Tommy Cooper We'll meet again 1981

https://www.youtube.com/watch?v=rGKPI8ygsDw

Tommy Cooper on Michael Parkinson show very funny

https://www.youtube.com/watch?v=gDqi1q3akZA

Thanks Mr Gnome.

Eric Idle - "Always Look On The Bright Side Of Life"

https://www.youtube.com/watch?v=SJUhlRoBL8M

There you go Somnamma

https://www.cruxinvestor.com/posts/centamin-plc-q4-2022-investor-presentation-summary

H Siko,

It is never wrong to question anything , although it seems that some are afraid to do so and would prefer instead to look at Centamin through rose tinted glasses.

Thank you for the information , which Centamin could have quite easily referred to when the question was raised through the investor Meet presentation, although for whatever reason they chose not to.

Thank you also for the clarification and explanation regarding the gold bars which in the absence of any comments or answers from other board members they were also ignorant of!

It fa safer not to post anything positive about Centamin until everything is absolutely certain in order not to be not be criticised should things not work out forecast!

Tibbs

Centamin appears to be turning a corner under refreshed leadership and is delivering on its operational targets.

With Sukari as a platform for growth and a stronger balance sheet, the company looks positioned to start driving value creation for shareholders through production expansion, resource additions, and disciplined capital allocation.

Deeds, not words

Whilst a healthy start and a confident presentation, I should emphasise that investors should remain cautious until Sentiment management demonstrates sustained operational stability over a longer period of time. Here's a more balanced take:

While the recent update provides grounds for optimism, investors would be prudent to maintain a healthy scepticism until Centamin shows it can deliver consistent operational performance over an extended timeframe. The company has faced struggles with meeting production targets and managing costs in the past. Though the new management team led by CEO Martin Horgan seems to have made progress in addressing these issues, one year of hitting guidance does not definitively prove they have resolved the underlying problems. There is still execution risk in consistently hitting forecasts.

Additionally, guidance was met but at the lower end of the projected output range in 2022, and required what management called "prudent" cost assumptions. Investors should watch for Sentiment to demonstrate it can beat guidance over a series of quarters, rather than just meet baseline expectations. There are also risks around Centamin's major growth projects like the Sukari underground expansion that could face unexpected challenges during implementation. Until these capital programs are executed successfully, they represent potential downside risks if behind schedule or over budget.

While the healthier balance sheet and strong free cash flows from the Sukari mine provide some stability, Centamin lacks the margin for error of some industry majors. To truly change perceptions, consistently meeting or exceeding operational targets in 2023 and beyond will be critical.

While the future looks brighter for Centamin, investors may want to take a "trust but verify" approach, looking for an extended track record of outperformance and flawless execution before viewing the operational turnaround as fully secured. There is still work ahead for management to translate potential into consistent value creation.

January 31, 2023

Matthew Gordon

Why Centamin management should have more skin in the game-

Rick Rule is a highly experienced investor and speculator, focused on sub $1,000,000,000 market capitalization public and private issuers in natural resource industries.

Rick has structured, led and participated in hundreds of privately placed debt and equity issuances for resource companies operating internationally, and domiciled in Australia, Canada, Chile, Great Britain, New Zealand, Sweden, Switzerland and the United States.

Rick is a sought-after investment conference speaker as well, having presented at hundreds of resource and investment conferences over the last thirty years.

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

Mr Bond whilst your on the subject of parrots thought you might enjoy this ti help you chill!

The world famous Dead Parrot sketch, here, in it's entirety!

https://www.youtube.com/watch?v=4vuW6tQ0218

Your assumption on my position appears as misconstrued as it is regarding most other things.

Cowichan and I the same person, certainly isn't the case.

If I haven't been on this board then what am I doing replying to this post?

I agree that Cowichans and indeed all potential and existing shareholders should be answered by the company as well as they are able at the time!

I always listen, whether or not I learn something every time is of course as in every case debatable.

First Quantum Minerals

The deaths come as street protests by thousands of Panamanians during the past weeks over a new mining contract signed with Canadian mining firm First Quantum Minerals spilled into wider discontent with the government.

https://tinyurl.com/5n88db54

Hi Steve,

From your comments I can only assume that you haven't been been a participant on this forum for as long as some members including Cowichan and I because had that been so then you wouldn't possibly mistakenly claim that all Cowichan and I do is diss the company.

Unfortunately since 2016 the company has chosen to ignore the vast majority of shareholders written questions including my own and failed to confirm or deny certain forum and media speculation, or even be entirely truthful about achievable future guidance.

Further more the BOD by their own admission failed to carry out their duties with due diligence by stating "that they didn't realise that bad mining practice was taking place at Sukari, part of that being the failure to implement fit for purposes waste clearance.

In the past through some challenging and difficult times Cowichan, other shareholders and I have endeavoured to post as truthful as far as can be verified positive updates and also gone to the trouble of investigating dubious media claims.

As past events have proven the BOD the were complacent, or even worse possibly complicit in allowing the company to dig itself ever further into a very extensive hole ,until the inevitable crack in the gloss of their created illusion of a tier one world class mine!

I can accept that sometimes unexpected things happen in mining , what I will not accept is deliberated and foolhardy risk taking by bad mining practice!

I am more than willing and hope to be able to give praise, but that won't be until te results and the share price justify it and as yet they don't!

But then you have stated that you are a trader and that you don't get emotionally involved in companies but that you judge them on results which seems reasonable , but then Cowichan and other shareholders including myself are possibly doing similar, albeit with more emotion!

The CEO & CFO blamed the market for the dire share price, pretty poor excuse because if they don't have the faith in their own strategy to buy when as Martin Horgan stated "80p seems cheap!"they how can can they expect the market to believe in them or anyone else to buy!

Tibbs