Member Info for Rebess

Hi Razor - I think Josef's interest in the new-deal lies in the acquisition of new permits/licences.- I believe areas of interest adjacent and contiguous with Sukari are already on the radar. Areas that are within trucking-distance of the existing plant and the financial-advantage this offers. The only impediment being that the current T&C's are not acceptable. - However, the T&C's being mentioned in the proposed changes presents a whole new ball-game. I believe this is where Josef's excitement lies. - New licences in Egypt has the potential to be a game-changer for Centamin going forward. - Bring it on.

Hi Razor - Well, it costs nothing to dream I suppose, although It could have an adverse affect on judgement. - All that any of the participants in Egypt ever own is a permit and even that, so far as Centamin is concerned, has been seriously challenged through the courts. Sukari is owned by the Egyptian Government, lock stock and barrel, which includes all of the plant and machinery. It is the responsibility of the permit-holder to finance the acquisition of all assets, plant and machinery etc. However, once full- cost-recovery is achieved, said assets become the property of the Gov. So, your beautiful-dream will never become a reality - Centamin will never own anything other than a permit/licence and the T&C's attached to them. They will never become the owners of Sukari. - Lovely thought though. :-)

Hi Razor - So you think any new-laws would be retrospective and apply to the existing Sukari contract, thereby superceding the old-contract? . - I would be very surprised if that were to be the case. Pleasantly surprised I should add. - I can't see it . - Since existing T&C's are, according to Josef, what has stopped Centamin applying for new-licences, under the new terms, Centamin would be back in the game and applying for new permits. That would be most welcome I feel amongst current shareholders. - A possible game-changer going forward.

Changes in new mineral-extraction law, if/when they come to pass, will only be favourable to Centamin in respect of any new-licences they undertake in Egypt. - I can't see it having any affect on the current Sukari situation.

https://twitter.com/JamesGRickards

Well, Mizolgit pulls no punches does he? - His views, for me at any rate, represent a deep-lying resentment amongst some shareholders, of the punishment meted-out to them last year through Josef's timely disposals and the subsequent stretching of the truth that followed. The destruction of the Market-cap of the company through planning/contingency mishandling, supported by false-narrative, is not easy to forget. There is a marked change of direction this year by way of forecasting and reporting, no doubt influenced by last years catastrophe. Will lessons learned make it better? - We'll have to see. - We started the new-year off with a massive good-hiding so one can only hope that things improve from now on. Things will improve if they deliver on what they say and that includes the pledges made on Q by Q increases in production. Bearing in mind, the same people who brought about the devastation are still in-charge, then, on this basis, the markets will be watching and waiting I feel . Any failures, breaking of pledges etc. will be seized upon. On the other hand, a demonstration that they have got to grips and that the companies problems are behind them now, should result in a positive response. IMO

Thanks philandlynne - That's news to me but was half expecting it. - This is a complete departure from the way they have always communicated with the markets/shareholders. - Never mind, if they meet their Q on Q increase pledge, we have at least the Q1 figures as a benchmark plus the yearly-forecast as a further measure. - On this basis we can assume an increase in Q2. - Or can we? - Anything below and you would have to think we'll be punished.

The best way to support the SP IMO is to deliver on what they say. - Their spoofing attempts last-year in trying to cover-up, led to us getting a good-hiding every time they had to come clean. - This in turn created suspicion and loss of confidence in the company as a whole. To a large extent, we are still suffering from this loss of trust.

Razor - Agree, but since the company took a 'vow of silence' it's become a 'black-hole' where no info, other than statutory RNS emerges. - Although most unlikely, we might not even get a Q2 forecast. - We'll soon know.

Hi Razor

We should be getting a Q2 forecast around the middle of the month if what they did for Q1 is anything to go by. An increase on Q1 should be well received and if the forecast is delivered towards the top-end of estimates or as happened in Q1, exceeds it, then a good lift will follow I feel. - However, if it goes the other way! - Well, you do the maths.

Hi Prevost - I wasn't singling-out your comments in my post but rather reflecting upon the fact that it is an accusation commonly used. It's the same on most other threads actually, it seems to have become the insult of choice. I'm not concerned with semantics, It doesn't really matter does it? I mean we all post here in an open-forum with the freedom to express our thoughts. - I called it wrong in my expectation of a spike in the SP upon confirmation of st2 but it was just an opinion, no more than that. Btw, I wasn't alone in expecting a spike, but there you are. - Concerning clarts: Not sure what you're looking for by way of response here. - I'm assuming you're familiar with the word, I was implying that for the average PI it was too messy( clarty) to become involved with.(short-selling) - If you want to pick me up on the wrong use of the word, that's OK, I don't mind. - I'm not trying to win an argument, just posting a point of view

Accusations abound here in respect of posters who's views are not welcome to the effect that they are shorting the share. - Of course it may be true, I wouldn't know, but it's an accusation that seems to be levelled as some form of insult, I think. My understanding of shorting is that it is not a simple/straightforward operation. It involves the borrowing of shares through a broker/agent and is subject to a degree of complexity/complication which I suspect is beyond the average PI. or certainly something they wouldn't clart-on with. Of course you can spread-bet the direction of the SP but that isn't shorting.

Andrew Maguire, in his latest KWN interview, if I've understood him correctly, is saying that Central Banks are taking-up gold/silver futures contracts on Comex just now, taking advantage of the manipulated price on offer, with a view to taking delivery. As such, he foresees many problems for the 'Naked shorts' on the other side of the contract. - I assume he means they won't have the physical to deliver and will have to acquire at the 'proper price' to cover. - We'll see. - I'll believe it when it happens.

A couple of weeks or so should see a forecast for Q2 emerging, assuming of course that it is how they intend to proceed this year. - You would think it would have to be an improvement on Q1 in order to maintain SP stability. Anything less in actual production could bring some long-snakes back into play. An increase, and we could be getting the ladders back out.

M Cap, much on a par with Centamin.

Thanks guys. - Anyone know what their Market Cap is? -

Where is Endeavour quoted? - Which exchange and what's the epic?

Hi Tiger

Intriguing post. - I like your 'Sherlock' approach. - If there were to be a merger, I wonder what would happen to Centamin's London listing?

Hi Razor - Yes of course, delighted. - Who wouldn't be with such a rise. - Let's hope we can hang-on to it this time and make some progress from here. - The Y/E brought similar encouragement and delight when the SP responded to the news that we were over the worse, the grade and other problems all resolved and we were all looking forward to the new-year. - Unfortunately, our delight was short-lived, I'm sure you recall. - I certainly haven't forgotten and I'm not alone. - So yes, delighted, but cautiously so. - Who can blame me?

I remember this time last year when Q1 report maintained full-year guidance, then, within three-weeks, everything changed. - So, as pleased as I am with todays report, I'm not getting too carried away. There's still a long road ahead and quite a few bridges to repair before my trust will be restored. - They are still the same people running the show.