Member Info for Somnamna

Would very much appreciate feedback / information.
Where can I obtain an English translation of the various court judgements concerning the right to mine court case?

Hi Sotolo, CEY dividend is just now received on my ii account.

More smoke and mirrors.
Where is a disclosed valuation of each company.
What is the basis for extending and the agenda for the discussions.

A similar article based on RBC press release
https://www.miningmx.com/top-story/39577-centamin-may-view-endeavour-offer-with-fresh-eyes-following-rutherford-appointment/

No way will II sell my shares until I am forced to do so. The thin red line.

Sadly CEY Management are proving to be duplicitous, lazy, ineffectual and incompetent as ever.
Why are we not seeing spoiler RNSs such as:
If they are confident they will hit guidance production why not disclose production to end November.?
Indicate plans for West Africa.
Be more positive and bullish about new mine developments expansion in Egypt.
Attack Endeavor as a bunch of low life chancers desperate for cash and only looking to prop themselves up with CEY assets and cash.
Plans employ new supercharged experienced competent Management.
True values of the CEY and explain why Endevohe offer from Endeavour is far too low.

The silence from CEY Management is deafening.

Cheeky bastards they can GTF. Way under valued.
Time for Centamin to protect shareholder value.

Is there any reason CEY could not publish monthly data for:
a) Dore shipped and
b) Gold sold
This would give all investors real time information on which to base their assessments and importantly do away with the present 'cloak and daggers double whammy approach which is proven to be prejudicial to confidence in CEY Management and the interests of shareholders.

Sorry "Josef El-Raghy's AIC"

Not sure what to make of Joseph's AIC merging (taken over) with Intrepid.
Any aideas on how this looks for an investment? Do any BMs hold shares?
https://www.proactiveinvestors.co.uk/companies/news/214927/aic-resources-and-intrepid-mines-agree-to-merge-on-revised-terms-214927.html

Thanks for sharing this link Cowichan.
There is an interesting comment at the end of the article.
"Applying new bidding terms means that this auction (the 2017 bidding round) will be cancelled, paving the way for new bidding to take place."

Firstly thanks Cowchan for posting the link. My view on this development is it will not directly affect CEY inless they apply for a new licence but it may help the Commissioners by putting into perspective the "fairness" of the existing CEY licence, exploitation contract etc., but who knows with lawyers being an obstinate contrary bunch of ****s they may still try and find find against CEY on what should be an open and shut case. Does anyone have any idea of the status and timing with reagrd to Law 32?

Yes just now in USD

Takeover for shares would be a tragedy.
CEY is cash how could a cash for paper scenario be justified?

A takeover is my biggest worry.
A likely scenario would be the CEY directors would be well recompensed / bought off and the PIs would be shafted. CEY is a long-term investment. I would hate to see it derailed by a takeover.
What defences would CEY have to a takeover?

Yes, last to know could it be because of the timing of the upcoming year end results?
Would be interesting to know Mr Morcombe's reasons for leaving Centamin.

Thanks for sharing Cowichan, much appreciated.
Interesting reading.

How does the Sunday Times come up with USD 0.041? 2018 Q2 dividend was USD 0.025 and if the ST is to be believed Q4 would only be USD 0.016 making a total for 2018 of USD 0.041. Could it be based on a 2018 free cash flow forecast of USD 47 million, being 4.1/12.5 x 2017 FCF.

ADVN board seem to be basing forecasts on Oz produced and not on free cash flow, so to a large extent may be disregarded.

The only thing we know for sure CEY commitment to dividend is to pay an annual dividend of at least 30% of the Company’s net cash flow after sustaining capital costs and following the payment of profit share due to the government of Egypt.

In 2017 they paid out 100% of free cash flow so if that is maintained this year the big question is what will be the 2018 FY FCF amount. 2018 HY FCF was USD 36 million

Downloaded the report and will read it. Good stuff thanks for sharing, it helps to understand (as far as I can) some of the industry aspects. I suppose there is another scenario worth consideration being only a small or gradual increase / decrease in the supply of gold which should help push the price up.

Thanks for sharing Tonfacen, something to think about. Must dig out the reports and have a read. Never really got into the detail but guidance being an important aspect of the share price it is time I understood the detail.