Member Info for spot64

I fully agree with everything that you have said mr t and i would really love for this to be looked into, however i fell if this was to happen there would be no winners, we would could all be worse off. But if you fell strong enough about something then you really should go ahead and file a complaint. I am merely giving my thoughts.

Whilst i fully agree that it does look very suspicious about the chairmans dealings, but do we really need another legal battle? and would it change what has happened? I wounder what would happen to the reputation of the Centamin management and also the share price? As investors we've all paid dearly for this drop in production so do we really need anymore bad news?

I think that other mines in Egypt will be good news for Centamin. It will attract attention from the markets and it should demonstrate that Egypt is now a safe mining friendly jurisdiction. As we all know with Centamin it dosent matter how good the fundamentals are, its market perception that will be the main driver. Im hopping that some of the bigger players will eventually buy out some of the newbies to replace their depleting gold reserves and with it bring some credibility to Egypt.

Can you believe it , this is the 15th conference of this group and what exactly has Egypt achieved! One mine which they then allowed a criminal to throw under a legal bus and couldn't be bothered to even call for an ambulance despite this one mine contributing more than 3% to Egypts gdp. Al-Sisi opened the 15th Arab International Conference on Mineral Resources and its accompanying exhibition, which will be held in Cairo for three days under his patronage. The meeting will be chaired by Minister of Petroleum and Mineral Resources Tariq Al-Mulla under the slogan "Mining Investment and Economic Development in the Arab World" . Minister of Petroleum and Mineral Resources Tariq Al-Mulla stressed that the presence of the Sisi president and his sponsorship of this important regional event for the mining industry on the land of Egypt reflects the support of the State and its interest in the mineral wealth sector. And a clear vision in recognition of the importance of this sector. Minister of Petroleum and Mineral Resources Tariq Al-Mulla stressed that the presence of the Sisi president and his sponsorship of this important regional event for the mining industry on the land of Egypt reflects the support of the State and its interest in the mineral wealth sector. And a clear vision in recognition of the importance of this sector https://www.vetogate.com/mobile/3364059

Thats really great news siko, the difference that you and your friends are making to the lives of these children is incredible. It really is heartwarming to hear about the work that you are doing, please keep us updated when you can. And thank you for the news regarding the payments to Emra, I've been trying to find the shipment details for this week on vitogate.com with out any success. With a 9 million payment for October things are definitely back on track. Regards spot 64

Gold up in both currencies = £953 and $1237

That's great news Cowichan, thank you. I think we can assume that the resent production /grade problems are behind us now.

Hi rebess, yes you are right that's what I was thinking about. You could be forgiven for thinking that were not quite out of the production woods just yet given the lack of shipment details, that's why I was thinking of using the back door so to speak. As we know Centamin pay Emra a payment each month based on profit so this would give us an idea as to how well production is going, but I've no idea as to where our good friend Siko found this information from ?

If only there was a way to finding out the amount of profit share paid to Emra , this would give us an indication into production.

I never thought I would be saying this but at least we have the good old court case deterring any possible predators., ( i hope) There's always a positive somewhere in a negative lol

Cant help feeling that if gold was going lower that it would have done it by now. Despite record shorting and the usual summer doldrums its still managed to hold just under the $1300 mark. Cant imagine that we will see $1060 again as that would put 2 thirds of the world's gold miners out of business and with that comes a gold shortage. Can you imagine the cartel having to fulfill gold contracts with physical gold costing them more to buy than they're selling it for, i dont think so, and the cartel are not stupid.

Looks like gold is having a crack at $1200. Hopefully this will be the start of the shorters closing their position. As we all know record shorting = record buy backs at some point.

Interesting read, thanks somnamna. With record shorts leveraged up to the teeth its just a matter of time before the usual summertime slump comes to an end and some shorters begin to loose their nerve and have to close their positions, this in turn creates a snowball effect panicking the shorters into a record spree of buying back of all the gold they've borrowed. With record shorting and its magnified effects on the gold price, i think the gold price has held up prity well in my opinion.

2 gold miners worth investing in.
Ibet you can guess who one is!

https://masterinvestor.co.uk/equities/2-gold-miners-to-soften-the-blow-of-a-us-china-trade-war/?utm_source=Daily+Bulletin&utm_campaign=b4d7d78275-Daily_Bulletin_20180723&utm_medium=email&utm_term=0_25eff0bb7f-b4d7d78275-48542517

As most of us already know, Siko works really hard to help the poorest and deprived children in Egypt. Any money that he made from investing in Centamin went to help these vulnerable kids. He is a vey kind and decent man who worked incredibly hard over the years to find out accurate information that has helped all of us despite the recent drop make a lot of money. Even though he had spent hours and hours finding information for us he felt uncomfortable mentioning his charity work. But i don't mind mentioning it. If anyone could help Siko's work and give something back to someone who has helped so many of us then here's the link. https://www.gofundme.com/2dj3maew

If i recall correctly, Robbie 11 reported back after attending the agm earlier this year thàt we should be hearing something regarding west Africa later this year. Fingers crossed

Sorry sparkle, just noticed my earlier post and it should have read 113'500. spot64

Dartboard Prediction 13'500

Over the past 7 quarters ending in Q3’17, GDX’s top-34 gold miners reported average AISC of $866. In 2017 gold averaged $1258 per ounce, so the major gold miners were collectively earning profits of $393 per ounce. That equates to hefty 31% profit margins, levels most industries would die for. The gold miners’ stocks are now priced as if this industry was operating at massive cashflow losses with its very future viability called into question. Yet obviously that isn’t the case, as the gold miners are generating big positive cashflows and profits today. The only explanation for this epic fundamental anomaly is extreme sentiment, which never lasts for long. Because the stock markets soared in taxphoria last year, investors shunned gold and everything related to it. Thus the gold stocks fell deeply out of favor, universally ignored if not scorned. When that weird psychology inevitably shifts, the beaten-down gold stocks are going to stage a massive catch-up upleg. Sooner or later the markets will wake up to these cash machines. http://www.mining.com/web/gold-stock-upside-huge/

The fed spin is also out later today but no change to rates is expected just the usual hints and innuendo crap to keep the markets guessing.