Member Info for paulmetcalfe

Just a thought Mr T----------I wonder if Martin Horgan is doing things as he is so that Centamin can hit its production forecasts without drama? After previous revised forecasts, hitting the figures you say you will hit, plus a bit more should give confidence. Also that he is opening things up so they when forecasts are upgraded, there should still be no drama achieving figures?

It was probably me not wording it right. I did understand about the amount the trucks could carry. Anyhow--it is a good thing.

Dasut --that made me smile. I.ve often thought just sticking a load of explosivesi in the ground and then mining what it throws up would be a good idea-------maybe a small Nuke? Oh hang on thats the plot for "Goldfinger" isnt it, contaminated gold?
Was it you or cowichan who mentioned the larger? lighter trucks that Centamin brought in ?
None of us are getting any younger and hopefully things will start to fall in line for Centamin before too long and the share price and dividend will go up.
I suppose when you are shifting a pile of waste, the first bit at the top of the heap takes the most time and as you get lower, each trip should be a bit quicker.

As an aside-------are long term holders looking at a high share price and selling or just holding for a good dividend? I think most of us missed the boat with the former!

Well Mr T. I agree with a lot of that. Its seems that Martin Horgan is looking at playing a long innings, rather than a cameo roll.
He could probably have got stuck into the wall and then give some more Bull along the lines of the previous crew and got the share price up around the 135 or 140 mark before moving on to somewhere else with a golden handshake. BUT he does seem to be playing this with a straight bat. I suppose most of us long term holders will suffer this for longer and take the divis and hope that things will fall into place sooner rather than later.
The extra costs because more waste was moved , we cannot really complain about as the sooner the waste is shifted the sooner more normal operations can resume. Also as it is costed on tonnes moved, its not like someone is upping a price for a job just that they are ahead of schedule.
You never know, they might hit a rich seam or a giant nugget and then things will seem a bit more jolly.

I think I said just before Christmas that 2 buys a fortnight or so apart by Martin Horgan would be a good thing and give the shares a boost. Im hoping he will put his hands in his pockets very soon.

Siko. It is always good to see you post on the board. Being invested in Centamin has led to a few disappointments and no one is holding you responsible. It seems we have been misled many times and i accept that yourself and quite a few of the regulars post in good faith.
I hope you and your family are well and staying safe -------but as much as possible , enjoy the festive season.

No problem Mr T . :-)
I've been here 9 years or more.
Lets just hope that things get sorted now and we get those golden flip flops one day in the not too distant future.
From what we are being told, it looks like Martin Horgan is building a good base to move on from. I would like to see him put some of his own money into these shares though. A couple of 50,000 buys a few months apart would be a good sign.

Anyway--All the best Mr T.

Sorry Mr T. genuine confusion. Was there a Josef and a Joseph??? I know the ex police chief was the nephew?? of one of them?

Dont worry about it. Even Siko reported having heard "Good times are coming. Good times are coming" and Siko strikes me as being a pretty straight bloke.
They reckon sticking a pin in to pick shares is more succesful than "experts " stock picks so I wouldnt expect "The man on the train" to do much better (if any) than random.
All the best for Crimbo Mr T. Try and calm down a bit with the political stuff. I agree with a lot of what you post but hammering on about it here isnt going to do any good.

I get confused. Wasnt there a Joseph as well as a Josef? Didnt "the man on the train" say one was an honourable man before the s--t started to hit the fan?

What can you be sure of? Well when there is a low target price like recently, people will rubbish it. I dont like it but Liberium were right.
You can also be sure that when you get a dip in the price, that someone will be having "a cheeky top up" , "Averaging down" or "buying back in " after selling at a recent higher price. I dont have a working crystal ball and I dont know about you, but people have posted opinions about how high or low the share will go in a certain time.
Sotolo posted about 2 months before the wall debacle that the share was going to £3. D Ryan has been in a few times saying that the price was going up within a few months and then getting out before his target price has been reached .
So as far as I know, none of us are in the know. How many times has "the man on the train" been wrong? Even our friend Sikp reporting someone as saying "good times arecoming" (again before the wall thing).

Hopefully the price will stabilise and maybe even start going up! very soon.
Then , the wall will get sorted, and a few other things will fall into line.
Lets hope we get a better year with Centamin next year. Please Santa?

Bl--dy hell this is looking a bit grim now. That Liberium target is close.
We could do with a bit of good news and a few decent sized director buys. I hope we have started to turn things round, with getting that pile of dirt shifted, the bigger lighter trucks coming along, the solar coming on line and that upgraded crusher. What about the new consessions and some good news in Africa? Maybe santa will resolve the court case!

Hopefully the slight change is for dramatic effect and the 8th will be a big "TA ---DA" unveiling.

Something else came to mind yesterday, and I may have this wrong. Its about clearing away that big pile of dirt. Im assuming that you start at the top and work down? So as you start to get lower down in the pile , then the rate of clearing should speed up? I suppose that might depend on the amout of plant available to shift it?

Well that rise was fairly short lived :-( .
Im wondering if this is an early smackdown due to the thanksgiving holiday on Thursday?
Last week, wasnt someone on here predicting $1900 by the end of this week? I hope they are right!
Oh well, lets hope for a couple of good updates from Centamin in December and a rising gold price as well.

Yes. it is bl--dy annoying. But I try to look at it like this for now. If we make a profit and get a good dividend, then so long as you dont need the money now, its a case of being patient. (How long have we been patient???)
Then, if you you have been reinvesting dividends,and the price does eventually reach the heights we previously attained, we will be better off than if we had never slumped.
I hope that makes some sort of sense?

Yes Mr Bond ----and hopefully we will start to get the production figures up sooner rather than later. I still have a feeling (HOPE!) that Martin Horgan will pull a rabbit out of the hat.

Well Mr T, as I have said previously, various sources, from "your man on the train" to the person who told Siko "good times are coming" have been worng, largely I feel due to previous management. We know about it so no point banging on with it.
I/we could be wrong but I feel Martin Horgan is a decent chap and is taking things carefully and getting things in place.
If he can reduce costs, then that has the same result profit wise as gold going up. If gold goes up as well then that is even better. I think things may go steadily for a while longer, then as a result of the new licenses and the remedial work to the plie of dirt we will get things moving faster. I have been re investing dividends and hopefully in the not too distant future this will seem to have been a good move.
So---fingers crossed and good luck to the LTH here,

I think Sotolo had 600,000 centamins shares , so if half were sold at £2 and invested in THS at £1 or less , a year a so ago, then they must have bought 600,000 shares in THS? As these have gone up to £1.40, Im sure some could be sold to start work on the house? That is without the successful trading getting in and out of Hoc and Cey.
Regarding Mando getting out at 99.4, it looks a good move now, but not as good as if they had got out when Cey went up the other week to £1.05?
Im hoping for good things from Matin Horgan and Cey in the not too distant future. Then if we have reinvested our dividends and the price rises, we will forget about the bad times.
If the share stays at £1 but we get a really good dividend Id be quite happy . Ultimately shares should be about dividends, otherwise it is just gambling or some sort of pyamid scheme. Look how well Ocado have done price wise over the years. Have they had a dividend yet? So if the price crashes, someone who has bought in recently will lose out big time.

Rebess, I think that is part of the reason Martin Horgan seems to be moving slowly, as if something good was announced and then there was a setback, it would be more damaging than just moving forward slowly.
I do think he is keeping something back so he can show progression over the next few quarters. Even if more gold was mined than expected in the final quarter, I dont think that it would be announced yet. When the final figures come in I'd expect them to be a little over the mid point of guidance. That way , the figures would not be bad, but would leave room for improvement in future quarters.
We dont actually know what is going on, only what we are told, and that is what we have gone off in the past. Siko (decent chap) reporting someone saying "Good times are coming" and Mr Tibbles "man on the train" saying how good things were, were not based on insider knowledge, but what they were led to believe.

It appears Martin Horgan is doing the spade work now to get a good basis for future production at lower costs, which should lead to increased dividends and a rising share price.

The thing that comes to mind for me is hacking. Mobiles phones get hacked, apparently a mobile phone has been used to control a car and a plane? Contactless cards get hacked. At some point I guess crypto will get hacked. That might be in the form of "mining" bit coin from people or it could be more terrorism focused and millions more bit coins are created to make them more or less worthless.
I dont know how you create bit coin. Money has to be minted or printed. Gold has to be dug up.

Crypto/ bitcoin is essentially pyramid selling. But I suppose you have to ask what is the value of anything? If you were stuck in the middle of nowhere how much use would bit coin or even a small piece of gold be? Food, something to light a fire , a knife would all have more value. I suppose gold will have some value for use in industry/ electronics etc and even if its value went down greatly I suppose people would still like it for jewellery.

Back to the pyramid selling. I suppose the Dutch tulip bulb "Tulip mania" was similar, in that some people made a lot of money but at the end a lot lost out.
More recently, the selling of debt and the sub prime mortgages. People were selling on bits of paper and people were thinking that the paper was worth what it said on it. It was like writing out cheques when there isnt enough money in the bank.
There is a fair chance that bitcoin will continue to go up and down for a while yet and some people will win and some will lose trading in it. Eventually it will go bust and some people will lose a lot of money on it. It is a game of pass the parcel and at some point the music will stop. Or maybe is it more like a game we used to play as kids , called "catch the bomb", where a ball was thrown round a circle while people counted down. The person who had the ball at the end of the count was "IT"