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Just wondering - would Centamin have any Contract works Insurance to cover this as risk? They may have as well as business interruption for remedial works?
After watching too many Australian Gold hunters - it might be worth shifting through the earth for dust?

It may be the movement is not as bad as first felt? The gold price is not likely to fall with other shares? Costs could raise certain other benefits such as a new vein or two of Gold underneath? After seeing the unchanging US job numbers the Fed will have to act if they want a quicker return to their economy too? A good time to buy not sell?

KJ-The links previously supplied are to the official web site. Worth a look and good luck at :-
https://www.marstons.co.uk/news/
You can scroll through the latest Beer news, and corporate news. Also for the other side of the JV look at the carlsberg site :-
https://www.carlsberggroup.com/newsroom/carlsberg-forms-joint-venture-with-marston-s-plc-in-the-uk/

Good post Mr B and the movement might even expose some higher grade later too?
Some additional points to consider with your post I did not even think of so thanks for that. ATB.

Maybe the Gold price today will rise to recover some of the loss with the NYUSE set to fall on the Trump news? Perhaps also as the Egyptian govt. has additional mining blocks up for grabs they would prefer Centamin to win over those new contracts blocks as they are now experienced in the area of earth movement? Perhaps we also need to consider an upside as a balance?

Unfair trade - No one reads yours words carefully. You have shown your cards as a shorter or someone who never sees upside. The agreement is in place for five years (if approved) and the exit rights are actually there to protect those signed in to the agreement should something change like Carlsberg have a change of ownership. You always look for the slightest snippet of anything negative and are on to it like a rash. I do not see the exit strategy applying in any case as if approved the JV will be a complete success.
I actually said Marstons supply over 2,000 pubs they own 1400 but they actually have over 11,000 customers in fact I down played the number of pubs as it is insignificant when they also unlike most other brewers do not just supply their own pubs but many other retail outlets (not just supermarkets). With the Carlsberg deal the numbers are likely to double and that is why collectively both companies see tremendous upside. It is a shake you cannot see this too. Harping back to small points no one is interested in. You need to look at the bigger picture.

This is going to be the new portfolio under the JV -Enough beers for CAMRA? Or even Fairtrader?
The Carlsberg Marston’s Brewing Company will have a strong portfolio of international, national and regional beer brands. Carlsberg’s brands include Carlsberg Danish Pilsner, Carlsberg Expørt, Poretti, Tetley’s, Somersby cider and the London Fields Brewery craft portfolio, as well as the UK licence for San Miguel, Mahou and the Brooklyn Brewery craft beer portfolio. The Marston’s portfolio includes Hobgoblin, Wainwright, Marston’s Pedigree and 61 Deep, and the company also owns the Banks’s, Jennings, Ringwood and Eagle beer brands. It also has the UK licence for global brands Estrella Damm, Shipyard, Erdinger, Warsteiner and Kirin. - Think of the Christmas variety box one could buy this Christmas from the "super" markets!!

Unfairtrader you are incorrect again and talk utter nonsense. Marstons retain 100% ownership of their own pubs as they are not part of the JV agreement which is as I have said on the brewing and distribution interests of Marstons in partnership with Carlsbergs -Marstons also gain in the "joint venture" additional interests from Carlsberg.. You talk as if Marstons are losing something when they are also gaining something i.e. Interest in Carlsberg Brewing and distribution plus cash whilst still owning all of the Pubs that they own already. You really have missed the point and not Ralph Findlay's comments that the deal enables him to concentrate on running the Marstons Pub estate whilst reducing debt (this is the existing Company) the JV formed from Management from both sides is to run the Brewing and Distribution side separately and the only Aspect of the Pubs that Carlsberg will gain is access to the supply agreements in place but nothing to do with their ownership which belongs to shareholders and the money lenders, etc. The agreement if deemed approved is at first for five years. You talk with no supporting docs to what you feel has been said and f you can supply us with where it says what you feel is said we can correct you. Otherwise we will have to leave you in your dream world or shell but please avoid RD Shell as it was reported today they hit a 25 year low. This is another release which may help you understand :-
Under the terms of the transaction, Carlsberg Marston’s Brewing Company will also have access to
Marston’s pub estate for its beer portfolio which is enshrined through a strategic, long-term supply
and distribution agreement.
Carlsberg UK and Marston’s PLC will be the sole stakeholders in Carlsberg Marston’s Brewing
Company, with Carlsberg UK being the majority shareholder, owning 60% of the equity. Current
Carlsberg UK Managing Director, Tomasz Blawat, will be appointed CEO of Carlsberg Marston’s Company, with current Marston’s PLC CEO, Ralph Findlay, appointed as Non-Executive
Chairman; and Richard Westwood, current Managing Director of Marston’s Beer Company,
appointed as Chief Operating Officer, Integration. The completion statement mentions the ownership which is highlighted below (don't get this confused with the exit strategies for default of change in Carlsberg ownership. "Key terms of the Transaction Financial • On Completion, the Joint Venture will acquire Marston’s Brewing Business for up to £580
million, of which Marston’s Brewing Business will use £312 million to subscribe for a 40 per
cent shareholding in the Joint Venture, meaning that Marston’s will receive gross proceeds of
up to £273 million in cash as the balance in the form of an Equalisation Payment (which is
subject to the “normalised” working capital and debt free / cash free adjustments referred to
above, £5 million of other adjustments and the deferred contingent payment set out below)" -you will note the Brewing business does not include t

Just wondering if this was as a result of Mr Trump say the USA needs to find new ways to rare earths - perhaps we should spell it out to him and it begins with a "HOCH" -Should be an interesting day for tomorrow.

For the record unfairtrader you have it wrong again on the JV ownership. This only relates to the Brewing and Distribution assets as Ralph Findley has said on many occasions this will enable Marston's to now concentrate on its Pub.Hotel,wine bar ownership. (Carlsberg at this stage has not requested any part of this). The Carlsberg official web said this, as you have to understand access and ownership are two totally different things. Most of Marstons customers are owned by third parties. :-
Under the terms of the proposal, the joint venture will have access to the Marston’s pub estate for its beer portfolio through a long-term strategic partnership. Marston’s operates around 1,400 pubs. The joint venture will benefit from Marston’s Beer Company’s wide distribution network. Marston’s Beer Company distributes to around 11,000 customers directly, including the independent free trade, other pub companies, the off-trade and export.
Link to the Carlsberg web :-
https://www.carlsberggroup.com/newsroom/carlsberg-forms-joint-venture-with-marston-s-plc-in-the-uk/
CEO Cees ’t Hart says: “The creation of the joint venture is an important step forward for our UK business. The joint venture’s brand portfolio will allow us to offer a significantly stronger beer portfolio to our UK customers, and at the same time extend distribution into the Marston’s pub estate. In addition, the combined business will bring our customers wider choice, greater capacity, product innovation, and marketing and distribution efficiency benefits.”

Unfairtrader you really need to read the "official release on the Marstons official web site" and not your comic papers. There is nothing fake at all as I have simply copied across from the public document the paragraphs to which show your reporting to be as unreliable as your share choices.
To make your life easier here is the link to the "official doc" you need to read 2nd paragraph down of page 4, the rest you will find later in the doc. Sorry but the only fake here is what you say to clear this up see Link attached :-
https://www.marstons.co.uk/docs/jv/2020/Marstons_PLC_forms_JV_Partnership_with_Carlsberg_UK_220520.pdf

The announcement from Marstons refers to the JV agreement for exclusive supply only to Marstons retained Pubs :-
"A long term supply and distribution agreement will be put in place as part of the Transaction, pursuant
to which the Joint Venture will exclusively supply and distribute drinks and related services to
Marston’s retained pub business on a third party arm’s length basis (the “Supply Agreement”). CMBC
will have multiple sites across the country and is intended to be headquartered in Wolverhampton." HOWEVER Marstons also refers to " Currently, Marston’s distributes to c.11,000 customers directly including the
independent free trade, other pub companies, the off-trade and export" and so the agreement does not have to have any affect at all on the non -retained business. I also see Marstons being able to open up sales across Europe through Carlsberg European connections later and this will help the Company tremendously "post" Brexit with this reciprocal agreement giving the combined group an advantage to both Companies. A "super" fully charged agreement.

Regret Unfairtrader looks at the small detail that no one is interested in. Any Pub run as a free house can sell what they like. If The Pub is run and owned by the Brewer then it is obvious that their own beers will have a preference. He cannot predict the future no one can. If he did he would not be holding RD Shell shares where they just hit the lowest price for 25 yrs. We now need to look at what happened to the share price when the JV was first released (before the cycle clip brigade stirred up their cloudy beer) and that was a sudden increase to approx 73p which is where I predict we will sit for a while if approved and once the Astra/Zeneca vaccine comes (very soon by all accounts) we will be back up towards a quid! I have a feeling Camra should be investing in Halfords to be honest just in case a merger causes the loss of their penny fathings to electric bikes - keep charging!

In this Country we all have free voice as far as our own interests are concerned. Maybe Marstons should conduct a survey and see how many CAMRA drinkers are affected. I am sure the number will be a minority? Perhaps Carlsberg are commercially aware that in the past 30years more and more people have moved over to premium larger - who knows? I understand that in fact Marstons will keep the pubs seperate and the JV is only for distribution rights in anycase. However going forward Marstons have already made statements that they are not intending to cut any beers - so keep buying them and they will brew them - simple. They is no point at all producing a beer that is only drink occasionally by a few cyclists and hikers and when it goes off the majority has to be thrown away. if Marstons stop producing a beer perhaps they can sell the recipe to camra and they can make it themselves.

Leas and roll that dice. It is good to see some support here -I have been trying to promote us here and now the so called shorters down talking the share being Unfairtrader and Barchildren have an opportunity to sell (if they even own any shares).
The Marstons web refers to two instances of a new beers coming out soon and if CAMRA feel less will be sold they are mistaken. As I have said previously a whole lot less will be served if the unthinkable happens and Marstons do not survive. So perhaps if they want more Beers rather than moaning they should actually buy a large number of shares in support? Have any less beers been sold since Marstons has taken over so many other brewers? I don't think so. If Camra keep buying the beers then Marstons will keep brewing them. Simple - just keep buying the beers. Use it or lose it. IMHO.

Very strange price for today as you all say with Gold/Silver rising particularly on Comex futures with the NYSE expecting more stimulus to be announced soon. Maybe we will respond in late trade when the NYSE come on live.

Very strange to see us drifting when Comex is up over Usd1900 and Bloomberg reporting their is a high chance of more stimuli? I would have expected us to be moving up inline?

If the press office stick to their word in that the firm were concentrating on getting the JV through first, then if they are not going to mislead shareholders, we should know of the outcome by then, or at least of some progress?
Keep watching!

We are not far off a vaccine being made available - most scientists are already testing at stage 3 - before full release.
Marstons appear to have looked to the future with the Carlsberg suggested JV -which will help distribution -Post Brexit.
Recent sales figures from rivals all show an increase over the 1st Qtr as Pubs have since come out of lockdown.
Marstons also unlike rivals sell large quantities of beer from the supermarkets and are not reliant on one form of income.
The current share price is already reflecting the market and over 50% down on pre-epidemic levels.
One just has to wait. I as well as anyone else cannot say when the pandemic leaves us -but it will and when it does this share is one of the best for future potential gains. I am sure fund trackers will come in here once we all know more regarding the vaccine situation. GLA

Yes not surprised after seeing the debate last night -what a disgrace - do they not worry about what the World thinks of them? A couple of children and nothing for any of us to worry about??? I see the precious metals coming back up quite fast as certainly one feels we need something as a safer investment that USD.