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Staffpro1
May 10, 2021 3:47 PM
Kumtor sheninigans will continue
Long
TSX:CG
1W
CENTERRA GOLD INC
TSX
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May 10, 2021 3:47 PM
Kumtor sheninigans will continue and one can make expropriation arguments but ultimately the government is part of UNCTAD and is subject to litigation at The Hague in Netherlands if it defies international law they signed on to via numerous bilateral agreements. They own 27% of Centerra it is in their best interest to cooperate and get the share price higher for the country then any residual benefit they may gain from expropriation + paying for (at fair market value) portions of a mine. Similar/worse claims have been made in 2007/8,13,17 all resulting in 50-200%+ rallies in share price once resolved. 2-3 year target for this would be $24-25/share canadian TSX:CGNYSE:CGAU
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