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Centamin: Chairman buys shares – follow the man!

By Nigel Somerville | Tuesday 6 October 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I commented last week that I saw the sell-off in fully-listed Centamin (CEY) shares as a buying opportunity. The drop was due to an announcement from Centamin that movement had been detected and that consequently higher-grade open pit mining had been suspended at the Stage 4 West Wall at Sukari, and Q4 production is expected to come in at just 70,000 oz gold. This morning it was announced that Chairman James Rutherford has been buying shares.

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