Member Info for spot64

Hi gOldgnome,
No need to apologise ,wee canT all tyzP perfect ;-)
Sot64

I'm hoping for some long awaited news regarding west Africa.
Surely there can't be any more drilling required?.
Management keep saying that they don't intend to be a single mine company so I'm hoping for some good news soon about a start date.
With the price of gold having a natural bull/bear cycle now would be a good time to break ground and make the most of the impending bullish gold trend.
As for the increase in costs i believe that one is already baked in to the price so shouldn't be much of a surprise on Wednesday.

Historically September to December has been good for gold.
Hopefully this year will be the same.
Earnings season for non gold stocks is going to be miserable reading if you're a dividend investor.
Spot64

Was it not about the legality of the Emra to allocate areas greater than 3km ?

Anyone have any idea as to size of each block?
Am i right in assuming that each block is based on centamins original 160km area and not the 3km one that they're currently mining?
If so then isn't the government using centamins legally disputed allocation as a blueprint for the rest of the other mining areas?
You would think that someone would give the courts a nudge if that is the case!

Hi Rebess thats the way i read it as well.
Its been so long now with west Africa it should have been given the go ahead by now, this makes me think that they've got their eyes on bigger fish closer to home.
They've been working in partnership with EMRA since day one very amicably, so you could be forgiven for thinking that behind closed doors conversations must have been had regarding other areas.
Could be wrong but i just can't understand given the amount of years spent drilling in west Africa they've not pulled the trigger?

As the gold price approaches all time highs i get the feeling that this is only the beginning of the bull run.
If you can remember the last time it was this high every one was talking about gold, main street news, spivs were popping up in local pubs and village halls offering to buy broken jewellery or something that their grandmother left them in a will.
im confident that its still got a long way to go before it's time to take some profit.

Good results this morning.
we can assume that the fact that they've included a statement regarding the new gold licensing that centamin have a bid in .

Hi Patrick,
Your reason for reporting the post wouldn't have anything to do with you being invested in GGP?
This was your last post on the GGP bb board

CEY Board19 May 2020 12:45
suggest you all check out CEY board - TigerByTheTail and report the ****

Patrick If you read his post he uses the words in his opinion.
Seems like you're the one giving advice!

Mr tibbs, you are so right we all need to worry less, we don't know how lucky we all are to live where we do, so i make no apologies for bringing this up at dividend time but if anyone wants to donate anything no matter how small to our good friend Siko's Egyptian children charity work then here's the link.
Have a read about the work that he does, its incredible.
https://www.gofundme.com/f/2dj3maew?utm_source=customer&utm_medium=copy_link-tip&utm_campaign=p_cp+share-sheet
Regards spot64

As frustrating as the lackluster sp has been over the years its allowed me to accumulate a sizeable holding in Centamin on the cheap.
Centamin will not only maintain its dividend but will be significantly increasing it.
As the world's economy falls off a cliff its going to be very difficult to find a return on your cash.

Every dollar increase in gold goes straight into the centamin cash register for no extra work whatsoever.
When earning season arrives most companies will be cutting dividends or canceling them altogether due to covid 19.
Good dividend paying companies will be few and far between.
Sooner or later the rest of the heard will be heading this way!

Ok just for fun, my guess is
150'000 shares token gesture .
No news on west Africa other than the standard line that they're committed to becoming a multi asset company and they're giving the new CEO time to settle in and make a full assessment.
However i do believe that west Africa will be the first to get the go ahead as any expansion in Egypt is a long way off other than any possible expansion just outside the current 3km area.
Production guidance maintained.
But mainly a safe bland statement.

Not normally of a suspicious mind but you can't help thinking that it would be an ideal time for the new CEO to get all their dirty washing out and have a clean start.
You have to admit that Q4 was a stellar performance so fingers crossed they weren't cherry picking.
Perhaps that's why the sp is lagging a little until we've got the actual numbers ?

Very true tibbs, sinner was a great contributor to this board and sadly missed.
His legal input was second only to Siko's.

If memory serves me correct he was part of an investment company that specialised in companies that had been punished by the markets incorrectly due to the perceived perception as opposed to the true reality.
He had access to information from corporate lawyers ect which he freely shared with all of us.
It is testament to this excellent forum and to the combined knowledge from everyone as sinners company would never normally use any sort of BB board for any research but they found this board useful.
He did however say that although they had taken their profits to move onto other projects that they could possibly return one day.

Just to be clear the court case is not related to the 3km Sukari site, it only affects the 160km outside of the 3km .
So if the worst was to happen and centamin lost the case, which is highly unlikely, nothing much would change.
Centamin would still have the mining rights to its current site which has never been in question which still has 20 yrs+ left and they would then just have to renegotiate the license to expand outside of this.
Daft as this may sound, it might be quicker and easier to just rip up the old licence and start again.
Lets not forget that the court case is Not between Centamin and the Egyptian government but just a private individual whose since been convicted and sent to prison.
Centamin is too valuable to the government to do anything to threaten its operation.

I particularly like the line "as we seek to build a multi asset gold producer ".
Here's hoping that we're starting a new and successful chapter.

Welcome to the centamin board xNoz ,
Just looked at some of your previous posts and they're pretty informative so we will look forward to your invaluable contribution to this forum.

I wouldn't be surprised if the fed announces a rate cut anytime soon to help prop up the market's
And the printing press will be working round the clock.
All good for gold

I know that the Egyptian legal system and the Egyptian government are two separate entities, but you would think that if the government are genuinely serious about trying to attract new investment with the new legislation, then you would think that they could give the court judges a nudge to get them to settle centamins ridiculous case.
This ongoing marathon must be deeply embarrassing for the government and sends the wrong signals to any potential investors.
It doesn't exactly portray a safe jurisdiction for business to invest in.
In most countries the law is designed to protect,but Egypt law appears to have lost the plot.
Im hoping that the fact that they are willing to settle ongoing subsidies cases with other companies then just maybe they may be working towards settling centamins case sometime soon.

Hi rebess, we have to remember that through all of the legal turmoil, Emra have been in full support of centamin , and as Siko pointed out they even lodged their own appeal to the courts.