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Centamin – Deafening Silence on whether it is selling gold or not

Tom Winnifrith
Sunday 6 January 2013

I flagged up on the third of January an explicit allegation that fully listed gold miner Centamin (LSE:CEY) was not in fact selling any gold. The allegation was originally not made by an attention seeking share commentator (i.e. me) but by a well regard research analyst in a published note distributed by a respected London broker, viz Fox Davies. If the allegation is true then the implications for short term cashflow/ working capital at Centamin are profound. The response from Centamin? Er…

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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