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Since Russia and China are still accumulating gold, I should think it suits them for the price to be low. In fact, they may well be willing participants in the manipulation - Once accumulation is finished, then they will want the price to rise. But, that isn't yet for a while I feel. Once they have sufficient gold to back their currencies with gold, then a gold standard will be introduced, but not before then. AIMO.

Well, at least there's no Friday-closing bad-news RNS, not yet anyway.

Hi Tiger

Yes, substantial hit today. - There must be a reason I'm thinking. - I hope it's not skulduggery, leaks, inside info., whatever. - You would have to think there's a reason. If Centamin was a regiment in the army, it would be known as the 'Punishment battalion' - It's all that seems to be meted-out to it's members.

If neither foe nor loving friend can hurt you
If all men count but none too much

Thanks Cowichan for the info and for the work you put in keeping us all informed - cheers

Hi Razor - Yes of course. - Not sure what the strategy is re Barrick/Acacia and the Tanzanian Gov. - No doubt they do. - As for us, we're at the mercy of the gold-price, we are more or less in lock-step with it's movement. If there is good news re Q2 production we won't know about it until half-way through July. Even then it may not be good-news. - Meanwhile, any set-back news will have to be reported via RNS. So, we are exposed until July to bad-news only, whether it's the POG or problems at the mine. - The situation makes for a rather uncomfortable feeling.

https://www.kitco.com/news/2019-05-22/Barrick-Gold-Proposes-All-Stock-Deal-For-Acacia-Mining.html

Kinesis is something that you may be interested in. - Global launch July 1st. - Happy to answer any questions you may have.

As a rule of thumb you can expect a premium of around 40% of Market-cap at the time of offer.

Yep - "What Meghan wants, Meghan gets". - A recent quote from 'Prince Harry'. - It aint gonna change any time soon. - If anything - The dominance, the decadence, will only ratchet-up.

https://community.ig.com/forums/topic/6783-most-shorted-stocks-uk-by-institutional-investors/

A favourite in the 'Casino'. - Unfortunately, not good for SP stability.

Hi Scotman - I believe the $400m convertible issuance is already in the bag, so underwriting doesn't come into it. - However, as you say the money is held in escrow and not immediately available for the companies use.

Sirius is the third most shorted stock on the London Stock Exchange behind no.1 Metro-bank and No.2 AA. - Apologies if this information has already been posted.

Thank you Siko - Hope that satisfies the doubters. - But, never forget, Centamin are in the gold extraction business and in that regard the value is in 'The licence/permit'. -

Thanks Tibbs - Just as I said. - Thanks for confirmation. - Centamin's ownership extends to the licence and the T&C's contained therein. - cheers

Hi miz - I like your summary. - First in queue for new licences would shed Centamin in a new-light I feel.

Hi DA SUT - I might be wrong but I think as far as fleets are concerned, trucks, earth-movers etc.I think I read somewhere where they are acquired under lease T&C's . Meaning that ownership is retained by the leasing company. Not that they are worth much at the end of the lease. - However, I believe this is your particular area of expertise so I would always defer to your views here.

Hi DA SUT - The prize and profit is the 'Gold' they extract, process and sell. It's not the value of the 'Plant' they have to leave behind when they finally decide to exit the site. - I don't know how you can conclude that it's not worth them investing if they don't own everything. If they don't make the investment that's required, they don't mine gold, it's as simple as that. That is the business they are in. - Also, every penny that's laid-out on plant and machinery and maintenance and replacement is fully recovered before profit-sharing kicks in. Such are the T&C's of the licence. They have first-call on the gold extracted and sold to pay for their outlay. It's how and why they've achieved the current status of the 'Sukari' project. - An ultra-modern fully equipped 'Gold mine', all paid for, all accounted for, using ongoing gold sales to finance it all. We are now in a position where there is no appreciable 'Capex' required for the foreseeable future. So, I'm puzzled as to how you calculate that it's not worth the investment/risk.

T&C's covering Sukari, allow, upon expiry of primary-term, for the renewal of licence for a further 30yrs. Or is it 20? - Anyway, presumably, if the renewable option were to be taken-up, it would be under the new T&C's.

Hi mick-b - At the end of the day, I can't see there would be much of an asset in the second-hand value of old-plant. - The true value is vested in the amount of gold that can be produced using such plant. - Leasing could be one way around it as once the primary lease term is ended and peppercorn terms apply, I believe the asset can be purchased by a third-party. - I believe the vehicles are leased.

Hi DA SUT - My understanding is that It is the responsibility of the licence-holder to supply and pay for all assets involved in the running of the mine. Once full-cost-recovery is achieved, said assets become property of Gov. No doubt allowed for in working-cap accounting. Maintenance/replacements costs presumably handled in the same way. The profit-share is a product of free-cash-flow which is nett of costs including working-cap. The right to continued use of all on-site assets in perpetuity, irrespective of ownership, will I feel, be enshrined in licence T&C's