Member Info for mrtibbles

Hi Mr Gnome,

That said regarding the open pit waste/ore ratio but this posted chart data. seems somewhat alarming to say the least and is'nt predicted to fall off to more respectable levels until 2029, which is much closer to the end the Sukari mines life or operational viability, barring of course any new discoveries in the zones around present Sukari operations!

One cant help but wonder as Martin Horgan being very conscious of these very considerable escalating rates going forward has therefore chosen to downplay them to shareholders and potential new investors at by referring instead to the LOM average !

In short are we long term holders being led up the garden path again?

Somnamna.

I see that bohercom has kindly already answered your query, I have only just received an answer from a mining analyst , but it appears to confirm bohercom's earlier post.

Re On first impressions this seems to be good news but I don't understand the difference between Av Gold Production 506,000 for the next 9 years (2024-2032 and 75,000 ounces per annum for life of mine (2024-2034) in the following line:

- Average gold production of 506,000 ounces per annum for next nine years (2024-2032); and 475,000 ounces per annum for life of mine (2024-2034), reflecting a 5% increase in LOM gold production compared to FY22 (441koz)?

About your question about production revision for Centamin.?

I think the explanation for the difference in average production is a rate that sharply drops off after 10 years.

The first 10 years has an upward revision compared to previous estimate.

Good news, but note that Sukari has a relatively limited lifespan.

Iran has told Israel through the UN that it will intervene if the country’s operations against Hamas in Gaza continue, a report has claimed.

Israel has warned 1.1 million people living in the north of the enclave to evacuate ahead of an expected ground operation in Gaza with the IDF planning to strike the territory from land, sea and air.

https://www.independent.co.uk/news/world/middle-east/iran-israel-gaza-warning-un-b2429898.html

Iran warns that any Israeli ground offensive in the Gaza Strip could expand the scope of the conflict elsewhere in the Middle East.

https://www.aljazeera.com/news/2023/10/15/iran-warns-israel-of-regional-escalation-if-gaza-ground-offensive-launched

The post on X by Iran’s mission to the United Nations came after US media outlet Axios reported Tehran warned Israel – in an official message sent via the UN – that it would have to respond if Israel carries out a ground offensive in the Hamas-controlled Gaza Strip

https://www.smh.com.au/world/middle-east/iran-warns-of-far-reaching-consequences-if-israel-not-stopped-20231015-p5eccj.html

Thank you Mr Bond.

Hi Mr Gnome,

I agree that we in the UK have a great to answer for considering it was Great Britain who decided to use Australia as a penial colony and then along with other countries went on to exploit the natural resources whilst treating the Aborigines worse than the unfortunate European livestock that were exported over there to provide A cheap source of meat.

That said what a pity then as Australia has tried to make amends for its treatment of its indigenous people that they are to be denied equal representation in Parliament

https://www.bbc.co.uk/news/world-asia-67114612

A campaign to deny Indigenous peoples a voice in Australia’s national Parliament is using tactics similar to an earlier conservative legal battle against First Nations communities in Canada, a new research paper argues.

That’s no coincidence, according to the paper’s author Jeremy Walker, because think tanks linked to these efforts in Canada and Australia belong to a secretive U.S. organization called the Atlas Network that’s received support from oil, gas and coal companies and operates in nearly 100 countries.

“The coordinated opposition to Indigenous constitutional recognition by the Australian arm of the Atlas Network we can assume is motivated by the same intentions underlying the permanent Atlas campaign against climate policy [globally],” writes Walker, a senior lecturer in social and political sciences at the University of Technology Sydney in Australia.

https://rb.gy/0bfat

Tibbs

Hi Mr Gnome,

Australia should be ashamed of itself, after all the indigenous people have been treated appallingly ever since the invasion and occupation of Australia by colonial ists

Hi Siko,

As always it is good to hear from you, I agree entirely with you, the atrocities that Hamas has and are still committing show what scant regard they have for the ordinary people of all nationalities, my thoughts are with all those people in all the areas of conflict the world over who are powerless in many respects to influence the vindictive and aggressive actions of their dictatorial leaders and yet it is the ordinary innocent people and other living creatures who always suffer the the consequences.

What is so regrettable in this Gaza conflict is that their was growing attitude amongst many Israelis who wanted to get rid of the ultra right wing attitudes that exist in the Israeli government, but sadly now I fear their cause is greatly weakened, possibly lost as the hard line right wingers seem now to have the upper hand and seem intent on wanting to inflict such harsh and unjustifiable retribution upon the ordinary people of Gaza that any hope of reconciliation will likely be lost for decades, passible for ever!

I am sure that you are aware that the majority of your forum friends are appalled at the atrocities, even war crimes that are being carried out in this Gaza conflict and take no pleasure in seeing the POG or a share price rising as a consequence.

Stay well Siko

Tibbs

https://www.amnesty.org/en/latest/news/2023/10/israel-palestinian-armed-groups-must-be-held-accountable-for-deliberate-civilian-killings-abductions-and-indiscriminate-attacks/

Hi Bob, I think most forum members , certainly long term holders will understand exactly your comments.

Kind Regards

Tibbs

Hi Bobliz,

Good to know that you are still popping in for a look and especially as a long term holder to take part in the ongoing debate.

Your right of course about the initial challenges to getting the Sukari mine established, its still not that easy even now after the recently reformed Egyptian mining code trying to run a mining business in Egypt whilst at the same time having to cope with all the governmental departmental and judicial bureaucracy, not to mention the power struggles and corruption going on behind the scenes.

But all that seems rather less significant now when compared to the environmental changes our planet is experiencing, and yet if that were not enough there are those world leaders who rather than working together to create solutions to the environmental challenges with the breakdown of society and the worlds no longer fit for purpose monetary and market systems choose instead to compound the global destruction by waging war on one another!

Its depressing to say the least.

Keep well

Tibbs

Andrew Maguire is joined by precious metals broker Bill Holter to discuss how a 100-year plan being implemented by the West is coming to an end with rising interest rates and the looming spectre of CBDCs

The precious metals experts delve into potential delivery failures hindering the gold wholesale market, why silver is the “go-to” barter currency if the global financial system fails, and the risk of holding your wealth in cash in a credit collapse.https://rb.gy/tjjfu

The gold market is holding on to solid gains Friday as U.S. economic data points to a growing risk of stagflation, as consumer sentiment continues to drop but inflation expectations rise sharply.

Friday, the University of Michigan said the preliminary reading of its Consumer Sentiment Index fell to 63, down from September's reading of 68.1. The data was significantly weaker than expected, as economists were forecasting a drop to 67.2.

"Consumer sentiment fell back about 7% this October following two consecutive months of very little change. Assessments of personal finances declined about 15%, primarily on a substantial increase in concerns over inflation, and one-year expected business conditions plunged about 19%. However, long-run expected business conditions are little changed, suggesting that consumers believe the current worsening in economic conditions will not persist," said Joanne Hsu, director of Surveys of Consumers, in the report.

https://tinyurl.com/5p7e5a8b

Steve ,

As you point out the RNS does influence the directional movement of the share price, but the RNS announcement is just a mandatory market requirement , it is the detail behind reason for the RNS which is of paramount importance,especially so for long term holders.

Hi Cowichan,

We dot know and will never know everything about what goes on inside Centamin ,but Martin Horgan comes across as having integrity and he is highly respected in the industry.

It frustrating to say the least how long its taking to sort out so many issues Sukari ,although it must be a pretty daunting task to know what to sort out first and no doubt Martin Horgan is being careful not to announcing anything that may cause any further loss of confidence in Centamin.

Hi Dasut,

After what seemed to be in some respects a rather disappointing update, especially for those of us who don't have your knowledge of Sukari, or your professional knowledge of mining methods for your thoughts on how things seem to be shaping up!

Not brilliant by any means, but as you say better than it was three years ago, so I suppose we have tp hope things getter better from now on!

Tibbs

M Henderson,

Its always easy to claim prior knowledge of an impending event post event , but I did take it seriously even though the you provided no evidence or source of the information.

In defence of Centamin they are to great extent limited by FCA regulations regarding what can be released into the public domain and so possibly they decided as the situation was already being dealt with as a matter of course there wasn't any justification for an RNS which could have influenced the market.

Just to clarify .after your claim I contacted The Head of Centamin Investor Relations, see their reply below -RE: Clarification announcement about the news circulating regarding the stopping production in Sukari for more than 10 days ?

From Centamin

We are not aware of the news you are referring to.

We had a substantial plant maintenance programme scheduled in Q1 this year, which was successfully completed as planned: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4275992&lang=en-GB&companycode=au-cey&v=.

For clarification, the Sukari paste-fill plant commenced commissioning in Q2, not the gravity circuit. The Sukari gravity circuit is in the design phase with a construction decision expected by the end of this year: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4357244&lang=en-GB&companycode=au-cey&v=.

Head of Centamin Investor Relations

So M Henderson with these facts in mind if you are still suggesting that there is some impending unannounced but detrimental news that Centamin aren't disclosing then may I suggest that rather than spreading unsubstantiated rumours on internet forums that you contact Centamin for an explanation and if you feel that their response is insufficient then to refer your claims to the FCA.

In the meantime I will inform Centamin Investor Relations that you may be in contact with them.

Hi Cowichan,

I agree with all of your points, 2028 yet again 5 years down the line, good times coming, but we have to be patient, life of mine indeed, one cant help but wonder if Sukari will be mined out before the good times are ever achieved!

Investor relations fail to even acknowledge your questions time and time again, let alone answer them and I have had the same experience, to be fair though the presentations are now more polished through the LSE but that said they are also stage managed and very thin on any real substance!

what was the hold up in the gravity circuit, who knows its impossible to get a straight answer from the company!

Hi Rebess,

Didn't bother with the presentation because I had suspected that it wouldn't be groundbreaking!

Less gold but more baloney!

The yield on the 10-year Treasury note hit a 16-year high last week, climbing to 4.884%. In the meantime, the 30-year Treasury bond yield crossed above 5% – something also not seen since 2007.

The combination of the U.S. dollar, U.S. Treasury yields, and oil rising at the same time is concerning, Alden told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, on the sidelines of Pacific Bitcoin Festival in Santa Monica, California.

This trifecta of events puts a lot of pressure on developing countries and lowers global demand for U.S. Treasuries and U.S. government debt instruments.

"Developing countries have dollar-dominated debt. And that debt is hardening relative to their cash flows," Alden said. "Their own currencies are weakening versus the dollar while oil is strong. And ironically, there's an inverse relationship between the dollar and Treasury yields."

When the U.S. dollar rises, other countries buy fewer Treasuries because of the high exchange rate, and yields tend to go up, Alden explained. "A lot of the foreign buyers are pulling back their purchases of Treasuries because they're more in currency defense mode," she said.

Making things worse is how quickly the U.S. dollar index has advanced, leading to developing countries going on a U.S. Treasuries' "buyer's strike."

https://tinyurl.com/2p9japbu

Quite so Mr Bond, lets hope that this is good for the POG!

https://www.foxbusiness.com/economy/atlanta-fed-chief-bostic-doesnt-see-need-more-rate-hikes

No chance of credible deniability by the BOD this time then!