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Centamin – Quarterlies Good Enough But...

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- Tom Winnifrith

I have never said that Egypt-focused, London and Canada listed, gold miner Centamin (CEY) was a bad company. After all I tipped the shares at 8p on and got my readers to sell at 134p – not a bad result. My problem is that it operates in Egypt. That is the country next to Gaza happily assisting Hamas as the heat gets turned up in the region.

Centamin announced results for the third quarter of 2012 on Wednesday. Despite reporting record quarterly earnings, the share price has continued to decline since.

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