Centamin Egypt Forum

I think the conference will be a bust. Egypt just can't seem to get its act together, at least not yet.

Is an SCC ruling necessary on the new investment law? If so than it seems impossible to have one in place before their conference. What's the point in hosting potential investors w/o the new investment law in place?

Centamin and the Madinaty case are vastly different. Centamins original "deal" was better than the international standard for Egypt. The country has also managed to extract "advance payments" (maybe bribes) on profit sharing. In no way should this sort of judgement be accepted by Centamin.

Note that the share price has increased since the adjournment was announced. Must indicate that the market thinks this is a good result. The timing of the next hearing (just before Ramadan starts on June 18) indicates that the court probably isn't planning to make a ruling this year.

Then another adjournment after that which will take us to next year...

That is probably best. Doesn't make a difference to production. Let it drag on.

I'm preparing myself to be disappointed with the court case and investment law. IMO it seems the Sisi gov't will take the easy way out. Introduce a weaker investment law that's easy to enact and continue the endless round of cc dates w/o a decision on the Centamin case.

I sometimes cheer myself up but looking at US debt clock, 18 trillion dollars and climbing. I must get out more.

OMG , the lse bods do like to go over every minute detail .Which has all been done in the past. but after all it is weekend and they are bored. so can understand their frustrations. Cant get back to work ? (no bucket and spade for them), I fink. You are still going to hang on till March. Sorry!

Fed...Seems up to normal tricks feed it in slowly and consistently. never accept wrong . then those who follow the piper will follow.