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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Canaccord note:
"Eleven people were killed and more than 200 injured in the worst clashes between police and protesters in Egypt (Cairo and elsewhere in the country) in months. Protesters are demanding that Hussein Tantawi, Field Marshal, Egypts military ruler and Mubarak's long-time defence minister must step down. Clashes continue for the second day today.
The military, which took over from Mubarak, has repeatedly pledged to hand over power to an elected government but it has yet to set a specific date. According to one timetable floated by the military, the handover will take place after presidential elections are held late next year or early in 2013. The protesters say this is too late and accuse the military of dragging its feet. They want a handover to take place immediately after the end of parliamentary elections in March. This will be taken negatively by the market in what has been quite a challenging year for Centamin. Q1 and Q2 were challenging with Q3 back on track and Q4 looks to be challenging again. Last week the tragic news that Harry Michael (CEO) passed away was announced. He was a very valuable member of Centamin's team with a huge experience and knowledge in operational side of things. The stock is likely to continue trading at a significant discount to the peer group (0.46x NAV vs 0.74x NAV junior producers average) due to higher operational risk resulting from an uncertain political environment. We currently have a BUY recommendation and 150p target price."

heaven forfend that i should cast aspersions at Mr T, but i would have thought him exceedingly nimble-fingered and prescient and indeed fortunate to have sold this morning at 98.0

cynic read my posts again i sold some last week and this morning early .

the muslim brothers will destoy egypt all holidays to egypt should now be stopped .
it is not safe to go to

In auction -10%

I will not be buying back in civil war is looming

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In auction -10.4%

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mna the brother hood only want to bring the country down it is there aim .
and want total power

http://www.cbc.ca/news/world/story/2011/11/21/naguib-sawiris-video.html

what happens when the army steps down . it will be a blood bath of religions

did any one listen to radio 4 this morning about tourism in egypt not looking good
if the brotherhood get power . the country will desend back 400years.

egypt has been dangerous for tourists for several years
i accept that the odds favour MB becoming the majority party at the elections as they are far and away the best organised .... however, they will want, at least initially, not to appear too scary and assuredly will not want to alienate external investment

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sharm is a tourist enclave so not really egypt, but with so many places to choose from even for scuba, assuming you have money(!), then why take the risk? - many or even most won't except at giveaway cost

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egypt will never be a holiday resort again the M/B do not want it listen to r4 at 7.30 this morning and it is 10% of its wealth