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.

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

Centamin Egypt Limited announces its intention to change the corporate structure of Centamin and its subsidiaries by putting in place a new parent company for the Centamin Group, Centamin plc ("Centamin plc"), incorporated in Jersey. Application will be made for the ordinary shares of Centamin plc ("Centamin plc Shares") to be admitted to the premium segment of the Official List ("Official List") of the Financial Services Authority and to trading on the London Stock Exchange's ("LSE") Main Market for listed securities ("Admission") on the Redomicile being implemented. Application has already been made to (and conditional approval has been granted by) the Toronto Stock Exchange ("TSX") for the Centamin plc Shares to be listed on the TSX. The Redomicile will not result in any changes in Centamin's management, operations or strategy and the Centamin plc Shares will trade under the same symbols (LSE: CEY, TSX: CEE) as the Centamin shares trade at present.

A scheme booklet setting out full details of the Redomicile and the requisite shareholder meetings to approve it (together with the notice of the shareholder meetings) will be sent to Centamin shareholders on or around 14 November 2011 (the "Scheme Booklet"). A prospectus in relation to Centamin plc will also be published and filed with the FSA prior to Admission.

Reasons for the Redomicile
Centamin is currently domiciled in Australia. In the context of the Centamin Group's current operations and plans for expansion, Centamin's board of directors (the "Board") has determined that the Redomicile is in the best interests of shareholders and the Board believes that the Redomicile will better position the Group to realise its strategic goals.

I bought a lot more of these the week just gone and i mean a lot over 100k

rerating is coming this are the cheapist stock on the market .
no debt all profit and going to get a lot better .

Will this mean that we will now have to pay the transfer tax [ stamp duty ] on deals.

aid good question . but the stamp money i have saved so far is good news .
and looking to buy a lot more buying two pound notes for one pound is my game
and always has been . these are a gift from the gods

been away for over two weeks ,looking at the company news which i already new .
200m in cash production on target and future looking a lot better ,
THIS IS NOW A CASH COW . remember they hit nigh on 200p now they should hit
350p

that last buy of 5490 was mine and moneyam as it has a sell it was a buy it was mine

no stamp duty

Reminds me of 'Finding Nemo'

'mine, mine, mine, mine, mine'

:-)

i was just posting say sells are buys and still no stamp duty .

enough of my buys is down as a sell.

CEO passed away suddenly.
2517

http://www.centamin.com/wp-content/uploads/2011/HM.jpg

"It is with great sorrow that the Board of Centamin Egypt Limited announces the sudden and tragic passing away today of Mr Harry Michael, Chief Executive Officer.

Harry was a great friend to many, a leader of people and a man of boundless energy who inspired others to go further and simply to do better in anything they took on. Harry brought only positives to the world and it is a terrible injustice that he is taken from his loving and beloved family at such a young age with so much more to give.

Josef El-Raghy, Chairman, will be assuming the additional role of Chief Executive Officer until further notice."

tanks - sorry to see you got your timing wrong, but longer term, this is probably a pretty bet for a minor miner

very sad news of a good man . all my best to is family

harry i do not buy mining shares for a quick profit long term
opening to make a good profit which i will or thechildren.
if they doulbe thats about 175k

I recall a 140p next week, a 180p next month and even a 350p for CEY. mmm
2517

Are we there yet ? :-)

skinny----------No, it could be a long journey.
2517