RE: Oh Sh*t - this is BIG news - Newmont Coming To Egypt18 Mar 2022 14:06
Yes, but I maintain "hey would I but CEY when I lose half my proftis"... when "if I go into Egypt and there are lost of new concessions out there, and I don't get battered with the 50/50 share, in fact a lot less"... so my question remains, why would I buy CEY? I'm very disappointed that has the 50/50 didn't change when new concessions were offered at a much better rate- especially have CEY have constantly given a lot of money to Egypt with the 50/50--- what price loyalty? Where's the loyalty benefit? As for the SP, the "jam tomorrow" remains. Need s strong Q1 and Q2 and so on to demonstrate the turnaround. Sorry to sound less optimistic, but this is how I see CEY- am frustrated about the lack of share purchases by the Board- especially as they are so well renumerated- I'd sooner see Horgan's salary slashed by 80%, along with the rest of the board, and have them being paid on SP performance. Have been trading this one over the years, and accept the poor management in the past, but do think they owe more to the average shareholder.....