Centamin Egypt - Re: CEY Stream Log - "In light of the UK...

"In light of the UK voting for a Brexit, we expect gold to provide a haven for investors. Coupled with sterling weakness, we see upgrades likely for all gold producers in the near term. We appreciate Centamin has been a very strong performer so far in 2016 on solid production growth and a clear business plan to increase production to above 500koz in the near future. Alongside Randgold and Acacia, Centamin is well represented in portfolios seeking gold exposure. We now anticipate gold to be well supported in the near term and along with weaker sterling, we believe further strength is likely along with stable growth in production, an improving cost profile, a solid balance sheet and attractive free cash flow yields, which serve to provide us with longer term optimism. We believe that Centamin remains a credible acquisition target and an eventual resolution to the legal challenges may be the catalyst for further interest in this regard." Panmure note out this morning on research tree