Member Info for spot64

Some good news at last.
Is this is the start of centamins long awaited good news period.
I'll get the toaster ready for all the jam we've been promised.

Don't know about it being a philli, more like an old nag now.
The attacks by PP team are getting less and less effective.
It used to take weeks or months to recover, then it became days and now its effects only last a few hours before bouncing back.

The more cheer leaders the better.
At times I think centamin is more secretive than the CIA

I know that im preaching to the choir here but at at this price centamin is paying a 12% dividend.
Further downside is minimal but there's so many good news irons in the fire that could surface without warning catapulting the sp up to who knows where.
Just off shopping to the supermarket now looking for something overpriced to buy ; )

Should be a good 1st quarter given that 20k oz was carried over from last year. Gold price is up which goes straight into the cash register for no extra work.

My point is that if Egypt for what ever reason, didn't like the takeover or think that its not in their best interest, it wouldn't take much to put in some sort of nonsense legal challenge that as we all know will never be resolved this would have dire repercussions for the bid from their shareholders.
It might even be a challenge from a private Egyptian investor who has a large position in Centamin and knows the true value of the mine and doesn't take kindly to being ripped off.

Don't forget who also owns sukari !
If Egypt doesn't want it, there's always the poison pill of Egypts legal system.

Q1 gets off with a 20m gold head start.

I've been in this stock now for a very long time and it was always thought that the court case held the share price down but here we are a decade later and no signs of it being resolved due to the archaic Egyptian legal system.
But my question is dose anybody really take any notice of it anymore?
Is it still pulling on the share price?
Surely now that lots of companies are willing to invest billions into mining in Egypt that its now not perceived to be the unstable basket case first thought.

It may be that some of the normally bullish pundits are thinking that gold might be in decline but are these not the very same pundits that said gold would be above $2000 this year?
I've come to the conclusion that no one really knows what is going to happen to gold as the normal economic rules don't apply at the moment the rule book is out the window for now.
My thoughts are that there's been several attempts to get gold under $1700 and they've failed each time,so it's my belief that most of the weak hands are gone and this is the new bottom until the next black Swan event, whatever and whenever that may be and gold gets the next leg up.
But what do i know its just another guess like the pundits.

Just how much profit does a miner have to make before they become attractive enough for people to invest in one?
When you compare them with say the fang stocks with ridiculous PE ratios, not much upside potential and massive downside risk.
Where as centamin is paying a good dividend with considerable upside potential and little risk of further downside it just doesn't make any sense to me !
Well at least when we get our dividend its a no brainer for me where my money is going for the best return.

Thank you MrBond46
It never occurred to me before as i was just using the paper market price for any valuations.

Question, , so if the real price of physical gold is $1850
and paper gold is around $1760s which price does centamin get when it sells its gold ?

For years the management had a reputation of under promising and over delivering and the markets had trust in them.
This trust has sadly been lost and will take years to repair but the new management has put in some solid foundations in trust issue so far.
Its now just a matter of time and keeping a strong and honest stable management.

Oh no, it must be take your kid to work day at Laberum and they've let him have a go.
What a set of Muppets!!!!

For God's sake, let's hope this contract is carved in stone and copies hung on the wall of Egypt's court house !!!

Its all gone very quiet on the new licensing in Egypt.

Hi sotolo, i can fully empathize with you as i too had plans that were only weeks away from pulling the trigger on when we had the bad news about the open pit wall and subsequent downward slide in share price.
For me to sell shares now would effectively make my project cost double compared to when the shares were over £2.
So they're now put on hold for when we return back to the £2 club

Perhaps Sawiris, is hanging back for round 2 to get the land close to Centamin?

Dont know if any can remember a regular poster on here some time back "Mack" ?
He spent a lot of time drilling and surveying in Egypt, and was realy excited about an area very close to the Sakari site .
ive no idea where he was talking about but he said that he had picked up nugets off the serface.
if i remember right he also contacted centamin giving details of the location.
you never know it could be the missing area?