CNT - Centamin Egypt

Buckfont said:

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.

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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.

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