CNT - Centamin Egypt

[noirua]

I find Centamin a bit enigmatic. I offloaded my holdings late Nov 09 @ $2.38. knowing it would be delisted on the ASX and I`m more than happy with the profit.

There is no longer a listing on the ASX, `Marcus Today` still have CNT as an Australian company listed in London and also in Toronto. Seems a bit dopey to me if there is no listing on the ASX. I held great hopes but didn`t want to go thru the hoops with OS exchanges.

Any ideas? I`ll keep all my local gold holdings, but Centamin was really attractive.

I bought some Centamin shares on Monday (LSE), though I find it a bit difficult to workout true value going forward. The stock is likely to have a big bear / bull factor on the gold price as there are no forward sales of gold.
The stock has a very big following amongst UK tipsters who all point to massive gold sales from 2011 and the same for company profits.
It looks as if the company needs a gold price above US$1,000 per troy ounce to achieve everything detailed by tipsters, due to ongoing development costs.

A complete gamble on the gold price and all those following the major tipsters staying onboard. Aussies need to gamble on the exchange rate as well.

 

[noirua]

Continuing on Centamin Egypt now only quoted on LSE:CEY and TSX:CEE. The following link gives dome chart information: http://www.insidestocks.com/texpert.asp?sym=CEY.LS&code=BEQM