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Hi Dasut - I can't put a figure on your question. - Effectively people who are already storing bullion on an allocated basis can transfer their holdings into K..... currency whereupon it pays a yield, a dividend if you like, whilst at the same time maintaining the right to ownership of the gold on an allocated basis and where the gold bullion becomes free of storage charges. So, a yield plus free storage. - I can tell you that millions are already in train and more is on the way. - A $100m has flowed into K........ KVT's this week alone. - I believe the momentum is now just starting to build and the effect will be a game changer. It represents a seismic shift, not only in the storage of gold and the elimination of costs associated with that activity, but Gold now pays a yield, overcoming a criticism long espoused by knockers of gold as an investment. In addition, the introduction of gold and silver as a global currency, presented in a digital-form, that can be spent like ordinary money via a Visa debit card, introduces a sea-change into the global monetary network. I believe it will be seen in hindsight as a milestone in monetary history.- It's all unfolding now, even to the extent that National Governments are going to be a part of the initial roll-out. -

Hi Super. - Definitely for the good in that it is envisaged that market-price-discovery linked to physical will emerge as the stongest influence rather than the 'Comex'. - It is also envisaged that the 'paper-market' will suffer serious consequences.

Hi Super
There is an upcoming gold-event that has the potential to have a profound effect on the POG and Silver - It's a K...... event and it's all about to happen. - Mr Tibbs has also previously alluded to the seismic waves that are likely to be created. - Watch this space.

Large retracement in SP. - 'They are not long, the days of wine and roses'

I see the 'Comex' beauty salon is open for business again. - Wash n rinse and haircut and sent on your way rejoicing.

Hi philandlynne

I've just tried to respond to your comments and my post hasn't gone through. - Your comments yesterday regarding K...... were not totally off-topic since anything that influences the POG is relevant to Centamin. Very relevant!!! - I have a feeling it's the use of the word K...... that is acting as the trigger. - They are just another company operating in the gold-space so why single them out? Lots of references made to other companies where the post isn't cancelled.

Hi Tibbs - Thanks for the tip. - In all the years I've been posting I can't recall ever having used this facility. - I'll give it a go and let you know the outcome.

As one of 58 Kinesis Ambassadors, I responded to philandlynne's post yesterday commenting on the recent surge in Kinesis interest. - Since what Kinesis does could have a bearing on the POG, it was a valid topic/response. However, my post appears to have been removed and I can't work out why. - Is there any way of finding out? - I'm wondering if there was an objection by posters here. - Would appreciate any feed-back on this.

Hi Tonstril - In the spirit of your Daffy Duck reference I will also use a similar metaphor. - Counting chickens in respect of Centamin has proved to be a pointless excercise. - A good Q3, signalling confirmation that we are on course and on time to meet forecast, along with POG maintaining it's present trajectory is the key now. - Q3 is the key quarter for me in many respects. - Good luck

Hi Dasut - Interesting post, a useful insight. - Something else I've learned. - It all adds up. :-)

Regarding Q3, for me it's the most important Quarter of all for establishing the rationale and credibility of their forecasting model. - If it comes in as justifying the H2 forecasted increase in productivity and shows that Annual forecast is on track, I believe it will go a long way in restoring the faith and credibility of management. This will be a major factor I feel in restoring investor confidence and should reflect positively in the SP. - cheers.

Don't forget that it's not a market as such that you are observing. - The manipulation process is always looking for something to latch onto in order to trash the bid to the extent that the market drops through the stops.

Thank you market, I'll take your warm comment as a compliment. - Even the kiss (X) if that's what it was. :-) Each has their own way of looking at things and individually we add our touch of colour to the collective painting. - For me, Q3 now assumes massive significance in establishing that we are indeed on course and that management has both regained control and is also controlling events. - This will represent an important milestone in the restoration of investor confidence I feel.
- Barring the unforseen/accidents, I see the next stop as 160, with a possible short pit-stop around 147/150. - For the chartists, the 160 will complete the right-hand rim of a cup formation formed over the last 12 months or so. If, as Miz alludes to, the momentum in both gold and production can be sustained, we could see a nice handle forming up and away from this level. If, in addition, we receive good-news in respect of West African operations, we'll all need sleeping pills. - A few if's I'm afraid, and we have been here before, so, let's wait and see. IMO.

If we haven't been mislead, Q3 should show a significant increase on Q2. - It has to in order to meet the 22% increase in production that H2 requires to meet forecast. If we can achieve this, in addition to a rising POG, we should be set-fair. With one caveat, hanging on to increases in the SP and sustaining progress is something Centamin has been incapable of achieving in recent times. Has all this changed? - The next couple of months should give us a clue.

Yes, I'll second that Tibbs.

Hitachi walked away from the 'North Wales' nuclear-power station deal over the same issue. Acceptable credit terms. - I posted at the time that it could be a pointer to what lay ahead for Sirius. - The N.Wales nuclear power-station being, arguably, of more strategic importance to the nation.

What's the likelihood of the SP being suspended? Anyone considered the possibility? - Suspension can occur when the SP begins to collapse for no apparent reason, although in this case there is an explanation I suppose.

Fair point Tibbs - One court case is enough to be going on with.

Never forget that the Comex isn't a market, it's an orchestra. - And we all know by now who the conductor is. - So, I'm with Miz, don't get carried away. :-)

Hi Cowichan
Thanks for the info. - I seem to recall reading that they were drilling outside/beyond the 3km of Sukari last year. There was talk of new exploration within trucking-distance. - Unless my memory is playing tricks of course.

Hi Prof.
Yes, I think your post is a fair summary. - The lack-of-confidence-effect has certainly had a significant bearing on sentiment I feel. Also, perceived management caution in their forecasting and the way they are trying to maintain control, I go along with..- Let's hope lessons have been learned.