This little baby is flying out of the blocks right now. Since I posted on this stock on 10th Feb its up 19%! (57 from 48).
Clearly benefiting from the rush for gold and its plans to open the first modern day owner operated gold mine in Egypt. Current price is too far from value for me right now. I risk being left on the touchline but I'd prefer to wait for a pullback before getting involved. $1,000 will offer resistance to gold ("really..." I hear you cry!!) but remember my rationale for Centamin was based not only on its exposure to Gold, but also its fundamentals, which remain excellent - Henderson Global Investors bought a 2.84% stake in the business (reported today)
Centamin Egypt
My order details;
Buy limit @ 52p (Pullback to 8EMA)
Stop - 44.57p (21EMA)
Target - I'll give some thought to this later
Max risk - £200 (2% of The AtticFund)
Position size - £25/point. (£25 * 7pts)
