James HodginsCentamin EgyptCEE.TOSTRONG BUYJan 31, 2011
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.
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.
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.
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.
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.
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.
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.
Nice deposit in Egypt that they are putting into production. There were a few hiccups along the way, which is to be expected. It is fairly expensive but it is a good deposit and the majors would have their eye on it.
Likes this one primarily because there is far more gold to be found on their Egyptian property. Now that they are in production they can do further exploration and she expects significant increase in resources over time.
Likes it a lot although valuation is a bit up there. When you have a high value stock you want to make acquisitions. They have indicated they will not do that so all they can do is accelerate their own production or drive costs down.