• Australian gold explorer
  • Just released its quarterly report for the period to December 31 2008, with commissioning and gold production remaining on track for Q2 2009. Ambrian rates it as a Buy with a price target of 57 pence.
  • Recently agreed to sell shares for C$60 million ($47.5 million) to fund the development of its Sukari Gold Project. Centamin will sell 92.3 million shares to a group led by Thomas Weisel Partners Canada Inc. and Cormark Securities Inc., which will sell them on at C$0.65 apiece...

"Approaching commissioning is one of the most difficult times for any pre-producer, but this announcement is extremely positive as the company remains on target for Q2 '09... Despite poor equity market conditions, gold prices remain near all-time highs, and there are few pure-gold equity plays without issues around funding or licences".

 

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