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Picket - trump does indeed want a weaker Dollar, he has been saying that since he took office. Earlier in the Summer Trump re-iterated his desire for a weaker Dollar but Jerome Powell wants to raise interests. Of late Trump has not said too much about a weaker dollar, but then maybe he is keeping his powder dry until after the November Mid-Terms. If he does well in those and gets, in effect, a vote of confidence from those who put him in Office then we may well see him press for lower interest rates in the New year. And don't forget the recent increase in US interest rates has meant that the other World currencies are weaker, thus reducing the effect of the 25% tariffs on the rest of the Worlds exports to the Us (this applies in particular to China).

I have the 8th or 9th of October (circa) pencilled in for the 3rd Quarter preliminary £Results and OZS - does anybody know the actual announcement date??

OOpps wrong board - sorry

I have the 8th or 9th of October (circa) pencilled in for the 3rd Quarter preliminary £Results and OZS - does anybody know the actual announcement date??

mizolgit - Somebody indeed does have faith. Last week noticed 4 straight days of decent after hours BUY declarations, and most instances the buyer(s) paid over the asking price to get them. My recollection is that last week these BUYs were in the region of £1,000,000+or- per day. I do know for sure that on Monday of this week these BUYs amounted to £1,250,000 - the smallest being £10K and the largest £249K . Unfortunately I missed yesterday's after hours trades but with your comment it makes it 6 straight days.

Another day of decent Buy actions on after hours trade declarations.

Welcome back SIKO!!! - Divi day will soon be upon us so GOFUNDME will get a top up.

Another day of decent Buy actions on after hours trade declarations. Some people, or somebody, has faith at these prices. I am still waiting on the wings though, not sure which way this could go between now and December/January - 2 months ago I was hoping for £1.45 at year end but then I did not think POG would have tanked so far.

Auson - Mucho Gracias, Merci, Dank u vell

Yesterday BARMINCO (remember them!!) announced a 50 50 JV with African Underground Mining Services (AUMS) - In it's press release BARMINCO said that Ausdrill Limited (ASX: ASL) and Barminco Holdings Pty Limited (“Barminco”) are pleased to announce it has been awarded the rollover/extension of services at Zone 55, and the commencement of works for Bagassi South mining contract with Roxgold in Burkina Faso.

Bagasi is approximately 120 miles NE of CEYs BK prospect.

Link https://www.barminco.com.au/news-investors/news/119-aums-zone-55-and-bagassi-south-underground-contracts.html

Today 15th Aug Ausdrill announced and undertaking to aquire BARMINCO

AUSDRILL PRESS RELEASE 15th Aug : Barminco is a specialist underground hard-rock mining contractor with operations predominantly in Australia as well as in Africa (through the AUMS joint venture with Ausdrill), Egypt and India. Ausdrill stated that the acquisition is strategically, operationally and financially compelling as it would create Australia's second largest mining services company. It is also expected to strengthen Ausdrill's position in the S&P/ASX200 index and to result in a lower capital intensity, higher return business.
SW

link https://www.miningmagazine.com/operational-excellence/news/1344673/ausdrill-announces-strategic-acquisition-of-barminco

Auson - I monitor FCA Shorts on a regular basis. If my memory serves I have not seen an Institutional short taken out against CEY since September last year. Are the Short positions that you have been monitoring Non Institutional Shorts of some kind. If so could you post a Link - if its that easy.

Please note the FCA site is currently reporting a number shorts, taken out this year, that are still in existence against AngloAmerican (7 Shorts), Randgold (3 Shorts), African Minerals (3 Shorts), Acacia (1 Short)

FCA shorts can be found here:-

https://www.fca.org.uk/search-results?search_term=short%20%5Bf%3Axls%20f%3Axlsx%20f%3Axlsm%20f%3Acsv%5D

Cowichan, MrBond46. Thanks for the reality checks. My comments were just random musings in the silly season

I know that CEY were opposed to the terms of the last Auction but if those are the terms the Government wanted then obviously force majeure prevailed.

So what I write now is a big MAYBE - is it possible that the Egyptian Government and CEY talked about exploiting Egypt's other Gold Fields post Auction, and then explored the possibility of putting some of CEYs cash-pile into a JV with one of the Auction winners (ATON). That may go someway to explaining the apparent lethargy over West Africa. That is not to say WA is a dead duck, but it may be the mid term objective whilst Egypt could be the near term objective.

Or MAYBE this just me spouting so much hyperbole!!

I knew what you meant Rebess - we are too old for knee tremblers, but wait... pis**ng against a wall is also a challenge for me what with my enlarged prostate

Just picked this up from NEWSNOW.

Worth a quick read ref the Egyptian Mining reform announcement

The last Para says that ATON is looking for a partner or partners to help develop their God Oxide prospect

Partners could mean other "Winners" in the last concession auction or it could mean CEY - who knows?

https://www.mining-journal.com/politics/news/1344174/egypt-accepts-aton%E2%80%99s-%E2%80%98commerciality%E2%80%99-study

PS - does anybody have a thought on what benefit CEY would gain if they and the Egyptian Government were to change our contract to the new format - I assume it would put paid to the L32 issue.

Sotolo

RNS Notes on Q2 RESULTS - all-in sustaining costs ("AISC(1,2)") of US$102.2 million, a 2% increase QoQ, resulting in a unit cost of US$1,073 per ounce sold, a 29% increase QoQ.

RNS Notes for Second half year of 2018 (H2)
Unit cash cost of production are on track with guidance of US$625-US$640 per ounce produced. AISC per ounce sold expected to trend downwards to within guidance range of US$875-US$890 per ounce sold in H2 in line with increased production.

If I read that right then using my Fag Packet Calculator the average AISC for 2018 works out at $920 plus or minus.

Spot on Sotolo - As they say to voice and opinion should invite (constructive) criticism not rebuke, or worse sledging. This is a trying year for all of us but my best guess is that, POG et al allowing, we will be back to 1.45+/- by the end of this year. I do miss Uncertain's posts, he/she has made some great PI calls over the years.

See link below - CEY BOD blames grades, no surprise there as CEY first telegraphed a period of reduced Grades at the end of 2017, if memory serves. They are also reported as saying that the reserve LHDR is due to arrive in the 4th Quarter.

https://uk.webfg.com/news/news-and-announcements/centamin--3385197.html

Ps if CEY BOD keep to their year end forecast then 3rd and 4th Qtrs should average in the 142000ozs to 145000ozs range.

Well, I should have stuck with my pessimistic forecast and not gone with my optimistic forecast, but I will stick to my SP forecasts for end of July and End of December. Getting ready to back my sells of Black Friday, maybe not today but soon.