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Centamin: The company issues pathetic response to asset theft – not convincing: sell if you can

Tom Winnifrith
Tuesday 30 October 2012

Fully listed Centamin (CEY) has now formally responded to the fact that the Islamofascist regime in Egypt has stolen its main asset. Its response is not in any way convincing. It is quite clear that an Egyptian Court has revoked the license yet the company seems to suggest otherwise. On the basis that no-one seems to know what is going on the shares remain suspended. If, at any stage, you can sell I would. Here, in Centamin’s own words is why.

on TradingResearchPoint | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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