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Centamin plc T.CEE

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

Centamin PLC is a mineral exploration company that explores and mines mainly for gold in the Egyptian goldfields at Sukari.
Price: $1.14 | Change: $-0.01 | %Change: -0.87%
Volume: 12,784 | Day High/Low: 1.16/1.14 | 52 Week High/Low: 1.38/0.61
T.CEE Centamin Egypt Ltd
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gonecode - (1/16/2013 8:24:55 PM)
RE: RE: RE: Another 266Kg going tomorrow

I agree that it looks too good for the Nationalist and that may want them to get greedy and take the entire loot bag ...........BUT !

 

Yes, always a but.  Having seen how things used to work in Egypt and the way things happened if you knew the right people and cut the right people in on the deal.....ETC !   Not entirely different than most dictator countries but somewhat blantant until lately...

I do not know how things will work with this government YET ! ( reminds me of a song , New Boss is the same as the old Boss ) sort of logic but here's the big BUT !

Egypt needs to be taken serious and needs foreign investment and hard currency NOW !

Nobody , and I mean NOBODY wants to be involved or put their money into a country that even hints at nationalisation or takeover or cancelling leases........It just sends the wrong message and the IMF will not put money into that economy because Dictatorship is not a good bet on getting money in return or even seeing an improvement in anything except another castle being built for another ruling class.

NO !  If they want to remain in power and see hard currency and loans coming into the country...They better play nice and the fact this mine is moving to a profit sharing area soon, bodes well for them....Also the amount of people employed and the spin offs would hurt also...

 

Just my opinion of course , but I am betting we see the highs again ....Awww Egypt......

Been very good to me..