Veronika Hirsch
Centamin Egypt
CEE-T
TOP PICK
Sep 02, 2009
Gold. Just coming into production. Good management team. Could probably quadruple the production from the reserves that they have and she bets that over the next 10 to 20 years that they will. Inexpensive.
Political unrest in Egypt does not affect their mine. A couple of large pension funds are trying to exit any position in Egypt and this has affected the stock price.
Doesn’t think the political risk is going to get better. He prefers looking at investments going north/south with North America and Latin America. Also a little bit of Asia.
With the recent pull back he is looking at it. Interesting project but has concerns about the situation in Egypt and the rest of Northern Africa. There is no rush to go into this right now.
You have to be patient. And not forget that this is in Egypt. Good management by some Egyptian Australians. Will have very big production as time goes by. Thinks the target is 100,000 ounces.
Has had setbacks already and the recent one may need to be taken seriously. On of two operating in Egypt. Heavily followed in Europe. A very honest group of people.
Used to own this. Have a very interesting gold asset. Obviously, politics is a huge problem. She would not own anything in Egypt because you don’t know when the situation will settle down. The asset is fantastic.
He is attracted to it. He is looking to reenter. Everybody hates Egypt so he likes it. The turmoil in Egypt interrupted negotiations CEE-T had with the government over their mine.