Clem Chambers, the CEO of ADVFN, assured me that I could write what I liked here. The idea of being able to write with total freedom had a certain novel appeal and so far I have tested him with the odd swear word but not a lot else. Tonight as he and I both receive a fatwa for what follows let’s see how he feels. My cue for today’s epistle is an announcement from Centamin, the LSE and TSX listed gold miner which I first tipped at 8p on www.t1ps.com and where I advised banking mega gains at 134p ( yup despite what some morons post on the ADVFN and iii Bulletin Boards I do serve up more than the odd bloody amazing share tip). At the time of me helping my readers to a mega-gain there were howls of anguish from folks who had fallen in love with Centamin. The howlers now ask, with the shares at 66.5p (off 10% today) surely it is time to get back in? Er …. not so sure.
Is Centamin cheap? Well based purely on how much gold it is sitting on and probable future cashflows it is perhaps worth 150p per share, maybe more. Except that its gold is in Egypt where even someone as thick as Louise Mensch MP will have noticed, there have been a few recent political changes.
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