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Centamin plc T.CEE

Sector: Metals & Mining | Sub-Sector: Gold
Alternate Symbol(s):  CELTF

Centamin PLC is engaged in the business of mining, exploration and development of precious and base metals. The Company has operations in Egypt and Ethiopia in north-east Africa.
Price: $1.02 | Change: +$0.09 | %Change: +9.68%
Volume: 127,050 | Day High/Low: 1.05/0.98 | 52 Week High/Low: 1.38/0.67
T.CEE Centamin Egypt Ltd
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PUNJABI - (1/16/2013 4:50:07 PM)
RE: RE: Another 266Kg going tomorrow

Not good.

That means that the mine has become a very popular issue. This is very good for the nationalist. Ordinary Egyptian would be getting more aware & would support nationalisation. Connections / supporters of CEE will hide & avoid publicity.  No undeveloped country likes to share their national resources with foreigners. Ordinary people do not understand the full dynamics of foreign investment & expertise.

The best thing for CEE is work quitely & not create waves. Less Egyptian specially un/under employed & poor know about it is better.

 

This constant news is creating lot of extra volumes & trading activity in UK. Bigger volumes are good for stocks.