Centamin - value or not26 Oct 2023 14:10
Hi guys I see lots of discussions on here and I am new to the website.
To me Centamin can be viewed as a company that gives you great exposure to gold due to its current and potential resources, and strong balance sheet. The way I see it is if the long-anticipated recession hits there will be money pouring into Gold ETFs and Index Funds causing gold prices and gold stocks to raise all whilst we get modest dividend. In addition, the spike in gold prices during economic downturn will provide us with one or two quite high dividends. If the potential undiscovered resources prove to be high Centamin could provide even greater value.
I bought it at £0.82 and probably should have sold it when it was £1.15 but there is still value to be gained from this company.