Centamin Egypt (CEE.TO) Buy, Sell or Hold

Centamin Egypt (CEE.TO)

2.48

-0.10 (3.88%)

as of Nov 20, 2024, 8:59:59 pm Market Open.

23 watching

COMMENT

Very big gold resource and reserve in Egypt. About 13 million ounces and the finding costs are very low. Going into production and stock price is reflecting this. Good management. May be slightly ahead of itself but at $1000 gold it may be OK value.

TOP PICK

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.

BUY

Really likes the deposit and is very happy with the performance of the management. Good balance sheet. The deposit of about 10 million ounces can only grow.

BUY

The only miners in Egypt in an area, which is abundant and rich in large gold deposits. Have to share 50% of their gold with the country but it is something very big and will grow.

TOP PICK

Egyptian gold project is coming into production with 200,000 ounces and will use the cash flow to expand into 500,000. Have a fairly large amount of prospective exploration land.

HOLD

Gold in Egypt. Have done what they said. Have a mine and are now producing. There is still way more upside in finding gold and he thinks the number can get bigger. He always prefers finding “the next one” rather than a company that has made it. Thinks the big moves are behind it.

BUY

One of the new gold producers. Things are very positive on this name in the short and medium term. Pretty good resource.

TOP PICK

Mining in Egypt with the only mining permit that exists. Have converted an oil/gas license to mining. Have a great asset.

PARTIAL SELL

Fantastic deposit in the order of ten million ounces at a decent grade. The issue he has is that the Egyptian government is entitled to 50% of the revenue once capital is paid back. He doesn't know how this comes into the picture further down the road. If you own, consider taking some off the table.

BUY

(Market Call Minute.) Gold company. Great play in Egypt.

COMMENT

He is currently adding to his holdings. This is a very, very large gold deposit in Egypt that is wide open to growth and is fully funded to production. Production is near term.

PARTIAL BUY

Gold in Egypt. Seems to have a huge resource and looks very cheap on most valuation metrics. Doesn't have 100% confidence in the country so it is one that you could own a basket.

COMMENT

Gold company in Egypt. Have about 13 million ounces of resource in the ground. Will probably be producing in the middle of the 2nd quarter. Lots of drilling potential to expand. Completely financed. Not cheap. You own this only if you are a believer in gold.

BUY

Gold in Egypt. Very good managers. Has had a lift along with the other junior golds. Should do much better than it is at the present.

BUY

Building a gold mine in Egypt. Gold price is going well. Cost of mining will be helped by low oil prices.

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Centamin Egypt (CEE.TO)