CEY is a gold mining company operating in Egypt. It was ordered by the Egyptian Government to stop drilling pending a legal dispute brought against the company by a government minister.

Since then, the whole Government cabinet was replaced a few months ago and the minister now in charge of Mining is believed to be positive on Western investment in the country. CEY are pushing for this minister to allow them to continue drilling ASAP; investers are waiting....patiently.

As soon as the company gets the go-ahead to continue drilling, the share price will move north; CEY has plenty of gold in this mine and it is (apparantly) the case of "raking" it out rather than drilling for it!

Check them out...worthy of a punt.

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hali - i don't think egypt is tribal at all; it has had an effectively stable (non-nomadic) population for many centuries with massive cultural history and a fair amount of general tolernace

cynic . i have been many times and find them very nice people and always want to help . perhaps it is the tips .but egypt is a population that like the tourist and are now doing everthing they can to restore this

having second thoughts about selling 20000 barcs and buying more .
he who dares always wins .

the egyptians can also be unbelievably rude and arrogant - i come across quite a few of them when i travel in m/e and have found myself giving the odd home truth especially about waiting one's turn!

have done it . remember egypt needs trade orthey will sink ,
they will not afect trade at any cost ,FACT

irrelevant to cey

cynic . can you answer my question why are people ashamed of there colour
you are what you are brown white black yellow pink bronze .
these clowns that are ashamed of thyere colour are always footballers
i dont watch the game as a find the game rubbish and would NEVER pay
to watch some one else having fun if i am not playing the game not interested
but the poor are uneducated and must live very sad lives
why do they not go and make a good life for them selves instead of giving there money and time to watch others. know wonder they are poor

has for my self they can call me anything except late for dinner

I had admire the MMs on how they have done there job in cey .
there is now far fewer holders .too many holders is not good for a company

cynic egyptians are predominately sunni muslims.

pog up 6% 800p and cey is better than pog

going up nicely

6.3% up next month 180p

they need your shares do not sell. 180p

take no notice of the big sells they are not sells take it from me

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Results for the Quarter Ended 30 September 2011

HIGHLIGHTS

Gold production of 50,539 ounces achieved from the Sukari Gold Mine, 67% higher than the corresponding period last year and 5% higher than the previous quarter

Cash operating cost of US$635 per ounce, US$3 an ounce lower than the corresponding period last year (US$638/oz) and 5% higher than the previous quarter (US$606/oz)

Average gold sales price received of US$1,721 per ounce, 39% higher than the corresponding period last year (US$1,239) and 11% higher than the previous quarter (US$1,545)

Mining production rates returned to normal during the quarter as the issuing of explosive products by Police Blast Inspectors continued uninterrupted from late July

Process plant throughput reached a quarterly record of 954kt, 58% higher than the corresponding period last year and 12% higher than the previous quarter

The second secondary crusher was successfully commissioned and the Company is progressing towards achieving a consistent 5Mtpa processing rate

The Stage 4 10Mtpa plant expansion remains on schedule for commissioning in Q1 2013 with expenditure to date US$24.6 million

Approval and commencement of the Ptah decline that will access the central "keel" of the Sukari orebody (Julius Zone)

Regional exploration on the Sukari licence continued, with positive results continuing to be received from the V-Shear prospect, including 28m @ 2.98 g/t (from 11m)

Operating profit of US$43.4 million with cash and liquid assets of US$201.3 million as at 30 September 2011

The Company remains on course to achieve production guidance of 200-210,000 ounces in 2011 at a cash cost of approximately US$550 per ounce

The Company remains on course to achieve production guidance of 200-210,000 ounces in 2011 at a cash cost of approximately US$550 per ounce

To achieve such results,something in the region of 60k and less than $500/oz,for Q4 is my rough guess?

as i have posted before, there is a great fear that the Muslim Brotherhood - a fundamentalist group currently masquerading as moderate - will be the leading party at the elections

below is a snippet from a much longer article in ft ....


Some secular parties, such as the leftwing Tagammu, have already said they will support enhanced army powers as a way of curtailing the influence of the Islamists who are likely to emerge with the largest bloc of seats in the next parliament, though probably not a majority.


it is this unsettling background that does nothing to enhance CEY's prospects and sp