SA Transcripts • Wed, Nov. 12
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Centamin PLC's Relentless Uptrend Has No Justification
- Centamin PLC shares have climbed relentlessly higher as the market has favored mining companies with large, low cost, long life projects.
- This has driven the company's valuation to an irrationally high level even if we make very optimistic assumptions.
- Further, the market seems to be ignoring the risk of mining in Egypt and the company's legal battle with the Egyptian State Commissioner's Office.
- Shareholders are therefore advised to take profits and to find opportunities elsewhere in this beaten down sector.
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