Member Info for Rebess

Wow, that was some post Tibbs. - I'm sure the 'Old brigade' and indeed everyone else will express their gratitude for effort you have put in on our behalf. - Many many thanks. - Rebess

Hi Cowichan - So, am I right in thinking that UK is providing all of this money to create jobs in Egypt? - If so, that's not an easy concept to get your head around is it? - Or, am I looking at it from the wrong perspective?

Hi Ftsemajor - If only it were that simple. - The impressive statistics you quote have been around for a long time but you wouldn't have known it by the SP. - It's been an extreme of snakes n ladders with investors being handed the snakes whilst directors through their reward structures have been handed the ladders. - It's time, I feel, that earnings per share growth, EPS, became a metric to be include in their bonus structure as it is in many other company schemes.. - If it was, we might enjoy more of the benefits of success.

It would have been more encouraging had some of the top-directors had put their hands in their pockets and splashed-out. - The purchase by an obscure non-exec is better than nothing I suppose but doesn't carry the same weight IMO. - When was the last time Pardey et al acquired shares other than those they got for nowt? - Any ideas anyone? - It's far more likely that they are selling shares than buying. - Especially if your name is Josef. - It might still happen of course but I wouldn't hold my breath.

It's all about arithmetic really. - The hazards of mining are a given and apply to the industry as a whole, our biggest danger lay in our exposed share-price which wasn't carrying the success achieved by Centamin. - Here are links to my comments posted 9th April and 1st May. http://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY http://www.lse.co.uk/ShareChat.asp?ShareTicker=CEY

Apologies for grammatical errors. - Unfortunately no edit. :-)

Many investors here who were holders at the beginning of 2016 have enjoyed a significant growth in the SP. - There are several references in postings acknowledging this and assigning the success to Centamin's competent management. - There is no doubt that management have performed well and have equally been well rewarded. However, to award them credit for the growth in the SP could well be misplaced. - From early 2016 there was the stirrings of renewed interest in the 'Sector' which gathered pace/momentum over the coming months, resulting in a 'Reset' of the sector-price as a whole. - This reset phenomenon resulted in Centamins price, at it's peak, (184.4) increasing by approx. 3x. - Now if all of that was down to CEY's outstanding fundamentals and management-performance, fair enough. - But, when compared to other gold-producers in the sector and during the same period of time, CEY's performance is nothing out of the ordinary. - EG. and I'm quoting LSE priced in sterling, HGM increased 3.75x - Pan African 3x - Avocet 6x - Orosur 4x - Trans Siberian 3.6x - Randgold 2.75x - Fresnillo 3x - Solgold actually increased by 20x. - I could go on but I think you get the picture. - Meanwhile, whilst shareholders suffer the misfortune of continually sliding down snakes, directors continue to enjoy the real rewards of going up ladders and so far as I can see, will continue to do so for the life of mine. - Just something to ponder over a quiet bank-holiday weekend. - Good luck everyone.

The crude-oil price has fallen almost 2% overnight. - That'll have caught many off-guard. - It'll have rinsed the stops out that's for sure. - Every one a winner. - They never fail do they?

I believe Friday's fall has not just wiped-out the most recent dividend but just about the last two years as well including the special dividend. - When you take into account the tax liability it's even worse. - Nice one!

I'm wondering if the rejection by shareholders at the AGM of the 'Remuneration policy' and also of the increase in non-executives directors fees has anything to do with this announcement. - Considering the maintaining of full-year guidance just a few weeks ago and the announcement on Friday, it seems as though they have performed an emergency about -face. - It doesn't add-up. - If I'm pressed to make a connection, I confess I would have difficulty in reconciling the two things. - But, for once, loyal shareholders kicked-back and I'm just wondering if there could be a connection, that somehow the new lower targets will compensate for the shareholders rejection. - Just a thought.

Good morning langtro - Yes it would, or another Cyprus moment. - It is a long bank-holiday weekend so you never know. - Talking of which, It's no coincidence that Centamin chose this Friday to deliver it's news, with markets closed until Tuesday.

Good morning Tibbs - Hope you don't mind my asking but are you still in touch with 'mott'- It would be useful/interesting feedback at this time. - cheers.

Thanks Robbie - So there will be no additional RNS's specifically about profit warnings. - Is that right?

Hi Tibbs - Fair point it's only 6 weeks (April 9th) since they reiterated that full-year-guidance was unchanged and this was following a first qtr. where production was affected by the very problems they are now highlighting. - I don't want be unfair/unkind to our directors, but something doesn't quite sit right. -

Hi Robbie - So there will be no additional RNS with regards to the new profit projections? - It's all contained within the revised production announcement today, even though they do not specifically mention it? - If that is so, that's a relief. - Hope you're right.

Bearing in mind that this a production-update. - It begs the question, 'Will a profit-warning follow?' - If it does, then that will be an additional fall of the cliff for the SP. - Early days yet of course, much can happen.

Unfortunately the set-back news has delivered a serious wound to an already skinny-sp. - It's why I advocated a share buy-back to help defend a vulnerable/exposed position. - As someone has already mentioned, a question of trust has now arisen.

Cowichan - hi Well, to a certain extent we are caught-up in a similar scenario. - The one thing that mitigates the rewards that Centamin execs enjoy is the outstanding performance/results that they are responsible for. - The bee in my bonnet is that shareholders are being short-changed when it comes to the SP. - I'd like to see this anomaly addressed, possibly by the inclusion of the SP as a criteria in the executive pay structure. - Good luck.

Hi Constanza - https://www.kinesis.money/#/ God luck - There's been a tsunami of interest today. - The word is now spreading.

I think Donald's position might be compromised somewhat. - If Europe holds fast with it's resolve to maintain The Iran status quo then it will seriously undermine his strategy. - Using the dollar and the financial institutions as weapons has been played once too often. - Mind you, if there is a change of heart and Europe does an about-face, where does that leave our democracies? - It will show that the Governments we vote in are just subservient to almighty America. - IMO