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Strategies & Market Trends : Beat The Street With SI Traders

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From: mimur2/18/2011 12:46:18 PM
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T.CEE can a corn note from UK

Some immediate reaction from the Canaccord Genuity mining team:

Until we have better clarity on the potential impact of political the Egyptian situation and the impact on Sukari, we are moving our recommendation from Buy to HOLD and note that regardless of the outcome of any strike, there is likely to be an increased political risk premium in place for the foreseeable future.

We continue to note that we remain at this point unconcerned of any licensing issues and would not expect that the interim military government is likely to do anything that would impact foreign investment into Egypt negatively.
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