Member Info for Rebess

Thank you Cowichan
Your message outlines very well the dereliction on the part of Centamin in exercising their duty of care to shareholders in respect of accounting for the way their funds have been used. -" Does not meet the criteria for development". - What criteria is that? - If we knew what that was, allied to published information, we might be able to make sense of it. Instead, all we have to go on is a meaningless statement that it does not meet an unknown criteria. - So very Centamin if I may say so and a few more million dollars written-off without any accountability.. Time to come clean Centamin and time to start to play the game with your shareholders. If MH is the man that people seem to think he is, he should provide answers to the important/concerning questions raised by Cowichan. As for Cowichan himself, he has ploughed a lonely furrow on this one and in doing so, has succeeded in raising the profile of these serious questions outside of the Centamin boardroom. Others are now watching. - The response should be interesting - very interesting. - As for myself, I should like to offer my sincere thanks to Cowichan for the effort he has put in on all our behalf. - Many thanks. - Let's support him if we can.

Hi halfpenny
It has so far and I can't see them giving up on this milch-cow easily. - Base 111 or no Basel 111. - It is a way of taking advantage of a no-risk venture that always pays-out. - No sir, there'll be no laying down and accepting fate on this one. - IMO

Hi Paul
Agree, Martin Horgan is an unknown quantity at this time and to be fair, needs some time to prove himself one way or the other. But, he is just the CEO, following on from previous CEO's. - They take orders and guidance from others. Considering the sabotage and vandalism that took place under previous management raises the question as to the 'Ethos' that was in place that dictated/allowed such behaviour. - The big question for me is whether this Ethos is still in place. - If it is, Martin Horgan will have to toe the line just as others had to. - The jury is still out for me. - Time will tell.- Q3 is the truth quarter, let's see what emerges.

Hi Cowichan
What a wriggling can of worms, or should I say snakes, we have going on in this Egyptian crime-thriller. - The dots join-up everywhere. - And, in my opinion, still ongoing, and that includes Centamin. - Horgan could well prove to be the 'Messiah' that many are claiming, for all our sake's, I hope so. For now, it's impossible to say one way or the other. However, for me, until he's proved it, he remains a part of the intrigue, the sub-plot, that is currently in play.

Hi Cowichan - Indeed far too big a question for any of us to answer.

The boasts of heraldry
The pomp of power
For all that beauty and all that wealth er gave
Await alike the inevitable hour
The paths of glory lead but to the grave.

Something to ponder for a quiet Sunday: - With the rich getting richer faster than at any time in history and the poor getting poorer, what happens when they've got it all? - This is the unstoppable direction of travel that now prevails. - The bad-guys are winning and they are going to win. It will be Gold, Silver and Bronze for the bad guys. What can anybody do? - Thoughts anyone?

Why is the BoE/USA not buying gold? - Any thoughts anyone?

Thanks Tibbs - Starting to get really interesting now isn't it? - One thing stands out for me, Andrew mentions Central Banks topping-up their gold-reserves positions through purchasing physical-gold. - The BoE isn't though, at least not so far as I'm aware, Gordon sold much of what we had in reserve and there are no reports of BoE purchasing gold. - Strange don't you think? - Unless of course they, in cahoots with US, know what the next stroke to be pulled is going to be.

If Barrick is interested in T/O of Centamin, I should think they would want the CC out of the way. - So, how interesting it will be if suddenly the CC is back in the news with a date for review. - Just a hunch. - Watch this space.

£4.00 !!!. - Bring it on.

Yep, I'm in nome's camp on this. - It makes a lot of sense and also has a rationale with what already has happened.

It might make sense for Barrick to make an early move here. It wouldn't surprise me. - This plan has probably been on the slow-burner for quite some time. - Also, the chess-moves already made, Horgan, fall into place in supporting this logic. - It'll be interesting to see whether/if MARKET picks up on this possibility.

Hi Goldnome
Your P/E comparison between Barrick and Centamin 15/11 is quite revealing. - Indeed a 36% advantage to Barrick. - An excellent metric to use in terms of comparing value. - I think you might be right about the Cetamin takeover target. - The dots join up. Even more so when you consider that they are to work together in close co-operation over the next year in respect of the new licences.

OK - Old news. - Interesting though that they are to work with other participating exploration & mining companies, over the period of 1 year to finalize terms. - 1 YEAR !!!!! - So, don't hold your breath, especially if it's an Egyptian year. - It's going to be some time before we see this news reflected in the SP I feel. -
http://www.barrick.com/English/news/news-details/2021/barrick-secures-egyptian-exploration-licenses/default.aspx

It's funny how Centamin's affairs are still being connected with Endeavour's. - They were the pariah that had the nerve to attempt a takeover of Centamin, ably aided and abetted from the inside. - More to it than meets the eye I'm thinking. - Mind you, it wouldn't be Centamin and it wouldn't be Egypt if there wasn't.- Someone earlier suggested that the worse is now behind Centamin. - I'd wait until after Q3 before venturing such a suggestion. - Q3, the 'Truth' quarter, has yet to play out. - It's when we'll find out whether the fancy icing contained in the narrative, is after all just bullsh*t

Sincere apologies to Mr Bond but I think he will enjoy this.

https://www.youtube.com/watch?v=-wKe5BRFnzw

Thanks Siko. - Hope you are well. - Good luck

It's looking like penny-share status (under £1.00) is about to return. -Ftse 250 status still ok. - Hard to believe isn't it? - For all the money in the bank with no debt, unhedged etc. plus paying a decent dividend, nobody wants it. - How is it possible? - Ask the directors who made it so.

Some of the important Q on Q comparison metrics were in negative territory. - This might have had an effect. - Q3 is the vitally important one now. Make ground-up and it will be well received. - Q3 will tell us if there's any bulls**t being spread. - The markets are wise to Centamin's tricks. - Old habits and all that. Difficult to erase the memories. However, pull one out of the Q3 hat and a new perspective may come into play.

This is going to be a big deal. - I wonder if Centamin will own this asset or will it pass to EMRA as other assets have.