I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a tip from TradingResearch Point on Centamin. For what it is worth I disagree with his conclusion!
Centamin Egypt (CEY) has been in the spotlight for six months because of the well publicised political difficulties in Egypt where it operates the Sukari gold mine. These problems have seen the shares fall sharply to 61p today which values the company at £669 million. Ignoring this backdrop of poitical strife and excitment – the underlying fact is that Sukari is a world class, cash generative and growing operation. That is not discounted in the share price and with a sense that stability is returning to Egypt the shares are a buy.
on TradingResearchPoint | Comments