Member Info for NewCashquack

There was a lengthy interview with the Centamin boss some years ago in either the Times or the Torygraph when he explained the choice of Sukara. It seems there were a number of options in Egypt available to the company, but Sukara was the closest to water. Does anyone in the know have information on these other options? I suspect they were shelved as uneconomic.

I am old enough to remember the high inflation of the 1970's and frankly, inflation at 10% is doing the reduction in debt for the company. By all means nibble away at it by paying off 50 million a year but in real terms the debt has fallen by 100 million in real terms compared to a year ago. As a relative late comer to the investment scene, I always wondered why so many companies tolerated high debt levels, but of course there is tax relief on debt interest which makes things look different.

The high pound was a good reason for Europeans to work in the UK as it meant your wages could be sent home as major savings in your country of origin. The other reason is that the main EU population in the UK was Polish, and the Polish economy is doing very nicely, thank you.