Guardian:
'best performing world market of 2005 was Egypt... the Government is making it good for overseas investment' etc etc.
Good for 2006.
but - if there is one but- - the stock is not cheap! Unless they mine it themselves, which I hope they will. That is the way to 100p or more. The only way I expect.
If they mine it themselves they have to raise £50-80M to do so, which would create dilution. So again, current share price may take some time to move upwards, but even so, it is now worth holding a good chunk of CEY stock. The current price is surely underpinned by a 4M ounce resource, even if the cut off is around 1 g/t. I perfer the 2gt curoff value myself in the 3 plus M oz. Jorc category about to be announced too?
Good luck for 2006
H.
Certegy stock quotes
Certegy stock charts
Follow this thread
