Hi Tibbs - I can absolutely confirm the breadth and depth and volume of your direct communications with Centamin. - Communications that you undertake on everyone's behalf. - I think if people knew just how much time and effort you put into maintaining direct links here, they would be shocked. - We all owe you a debt of gratitude IMO.
Agree Tibbs - They should be paying it back. - However, instead they are like chipmunks/squirrels, filling their cheek-pouches with as much as they can stuff in and some. It's as though they are putting two fingers up to the rest of us. - The rewards for failure are simply outrageous. - The directors are supposed to have a 'Fiduciary' duty towards shareholder interests. - Not here they haven't, the 'Centamin Chipmunks' main interest is to themselves and all being executed in plain-sight. IMO
Agree Razor - Looking at the sheer generosity of their share awards, who would believe that this is for a performance that has halved the share-price. - Their fortunes only ever go one way. - Come hell or high water, rain or shine, they go onwards and upwards.
I believe Cowichan makes an important point highlighting the continual flow of 'Bad-news' and the apparent suppression of 'Good'.- It would be easy to think that this is an 'Orchestrated' script. - It's gotten to the point where all news announcements are turning out to be killers.
If they do reply in order to avoid being accused of having something to hide, the veracity of the reply will have to be properly supported. - Therein may lie the problem I'm thinking. - In which case, in expectation, don't hold your breath.
I agree with Tibbs - A BOD that admits that it was unaware of the problems at Sukari, the same BOD that over the years has enjoyed the 'golden largesse' of bonuses and share options on top of their generous salaries, beggars belief.- The rewards for bringing the company down to its present level are simply mind-boggling. - As Tibbs says, it's hardly surprising that trust has evaporated.
Good thought Miz - It makes a lot of sense. - There is undoubtedly something simmering in the background, something that always seems to play a hand/influence at the wrong time. - It's been in play for a while now. - You've made me think. Shalateen - EMRA - - Never forget that EMRA already owns all of the assets at Sukari. Shalateen has moved into a strategically important adjacent location and of course there is the old-chestnut of the court-case. - The CC, unresolved as it is and still casting its shadow over the future of Sukari, could well be a card just waiting to be played when it suits. Fanciful I know, but you have made a good point. IMO
A low production quarter means playing catch-up for the rest of the year. - The usual story. - For me, and I know I may be in the minority, the continuing bad-news is not telling a recovery story. - It is telling a story, but not the one we want to hear. Great emphasis on Q2 now, they have to pull out of this seemingly uncontrollable dive. - Unless of course it is a controlled-dive. -
Hi Mr Bond Kinesis: - Presently, it's a bit of a bind transferring funds and bank-to bank involves transferring funds to either an Australian bank or Indenesian. - Once set-up it's fairly simple then to buy your gold/silver in Kau (1 gram of gold) - Kag ( 1oz of silver) It might be better to hang-on for a while as a new arrangement involving a visa debit-card allied to banking-rails will be introduced within the next 3 months. - Once in pla,y it'll be a much simpler/quicker. - One additional thing that may interest : they are close to launching their own Kinesis 1oz .9999 silver coin. - It should be a collectors piece. - Hope this helps.