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Centamin Ord Shs T.CEE

Alternate Symbol(s):  CELTF

Centamin plc is a Jersey-based gold producer. Its assets include Sukari Gold Mine, Doropo Gold Project and ABC Project. The Sukari is a bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160 square kilometers (km2) tenement. The Doropo Project consists of seven exploration permits, covering an area of over 1,850 km2. The Doropo Project is in the northeast of Cote d’Ivoire, over 480 kilometers (km) north of Abidjan. The ABC Project is in northwest Cote d'Ivoire, over 550 km northwest of Abidjan and 460 km west of Centamin's Doropo project. Its EDX Blocks comprise 3,000 km2 of greenfield exploration tenements within the Egyptian section of the Arabian Nubian Shield. The land package is divided into three blocks: Nugrus Block, which covers over 1,086 km2, Um Rus Block, which is located 50 km north of Sukari, and Najd Block, which is located 100 km northwest of Sukari in the Central Eastern Desert.


TSX:CEE - Post by User

Bullboard Posts
Comment by gonecodeon Jan 29, 2013 7:21am
282 Views
Post# 20903785

RE: A few panicked

RE: A few panicked

I admire the outlook you have on the climate there and having been to Egypt and worked there I can only say one thing.

This will get out of hand very quickly and affect everything in Egypt..

I think this stock is amazing and the money they make outstanding...I have owned and will own it.

However, with the outcome of this uprising ( again) one cannot determine what , how long or who will prevail.

 

So having said that , the quaility of the stock is not an issue ( it remains outstanding ) It is the quality of the Country where it developed..

Just so unclear what will happen and while you wait for a court case or decision on the Rights of Ownership , people are dying in streets again fighting for what we take for granted ...

No ! It may be time to sit and wait it out ..........

Yesterday was weak volume but if what happens there filters into the entire economy ( it will ) nothing will be settled anytime soon and stocks will suffer as a result...Always do...

Waiting patient to see the outcome , then will be back in full tilt......Much lower price I would think.

OF COURSE , just my opinion....

Good Luck

Bullboard Posts