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Centerra management buying shares on the cheap
Posted on June 25, 2008
Centerra Gold Inc. [TSX:CG] has lost more than 60% of its share value since March, unable toreach an investment agreement with the Kyrgyz Republic for its Kumtor mine. Although the mine still remains in operation, some of the company s exploration licenses were cancelled and local bank accounts of its subsidiary were frozen last week. According to an article by FP Trading Desk, investors can take solace that the company s management appears to have confidence that a rebound will come, recently buying shares at depressed prices. On June 23, Mr. Parr bought 4,000 shares at C$5.39 each, Gener...
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