Centamin Ord Shs T.CEE

Alternate Symbol(s): CELTF

Metals & Mining Gold

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

Centamin Ord Shs

Bullboard Posts

Post by dkolish01on Apr 09, 2013 9:36am

239 Views

Post# 21230273

Selloff

With the analyst downgrade and no court resolution in sight. Shareholder are looking elsewhere for returns.

Best things CEY could do is complete the upgrade and start paying the Egyptian revenuse share and paying out dividends.

Since this will not happens until lately in the year if at all. There are better opportunity elsewhere in the mid term and with no resolution this is the better course as CEY problems continue in the court and political climate remains unsettle.

For those who want to remain, some shareholder are buying and selling on the swings and the range is between 60-70. Selling in the 70+ range buying near the 60.

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