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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: Anchan	3/15/2007 4:18:37 AM
	of 78417

Re: CNT.AX -- Briefly (bloody busy today, jeez, at my age) Centamin centamin.com does a PP for 160m shares at C$0.84. That means they'd have ca. 730m shares out... Also, they will start trading on the TSX on (or before?) March 29 (hitherto trading only on the AIM and the ASX). I've previously posted some info on Centamin (presently constructing their gold mine in Egypt, commissioning in 2008). Anyway, they have 7.7 m oz JORC-compliant Au (and increasing, due to 10 drill rigs on the ground). Maybe worth looking into, despite the manymany shares out. FWIW: They have always been trading thinly on the ASX but I find it interesting that, over the last 12 months, they have been (a) ignored by small-lot traders, and (b) that Bid sizes & depth are, while patient, always much bigger than the Ask. To me, this means big pockets continue to accumulate.

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