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.

Well at least that's only 1,000kg and not the 1,016 kg of our late ton! :-)

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mnamreh---In fact I was being complimentary, my wife obviously doesn't weigh any where near a tonne so skinny gets a bargain oz per oz my wife is worth more than gold.

Sorry for the delayed reply but it's not easy typing with eight broken fingers, blood oozing from an eye wound and a split lip, apparently I fell over the cat.

My memory must have gone as well, we don't have a cat.
2517

Sorry for being off topic.
2517

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m/b say that they want all countrys resources to be under gov control.

the gold will be owned by the country. hope they are not going to get there way .

T - where did you read that? ..... it's not necessarily incorrect but if you don't give a reference, it's bound to be suspect .... not the Daily Wail yet again i hope

meanwhile, in m/e the opinion of m/b is split in all directions, so the only conclusion can be to wait and see

i was watching some program and the muslim leader said he wants to go back to muslim values and a few other things

muslim values are fine and honourable ..... islam in its true guise is very tolerant of others, and also promotes the education of women and many other laudable tenets .... it's only when highjacked by zealots and the like that the world has a different and warped perception

So just like any other religion then.

in many ways, indeed so and just like other religions - cf ireland - when it is allowed to be highjacked by the zealots and lunatics, it takes on a very different face

Why do people find it so hard to read the Bible and the Koran and understand it without religious teachers who teach their warped slant on it.

I would have thought God would have made sure that the Bible would be idiot proof.

About what ?

We don't want another god thread.,.

I didn't know we had one

des any one no what harry died of

the fundamentals at cey are very good it is the threat of the M/B that is holding these back

RNS Number : 6127T

Centamin Egypt Limited

08 December 2011


For immediate release 08 December 2011

Centamin Egypt Limited ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

DIRECTORS' DEALINGS

Centamin Egypt Limited reports that it has today been informed of the following transactions under DTR 3.1.2R:-

1. Mr Josef El-Raghy, Chairman, through El-Raghy Kriewaldt Pty, a company connected with a person discharging managerial responsibilities, purchased a total of 250,000 fully paid ordinary shares (approximately 0.02% of the issued share capital of the Company) on market through the London Stock Exchange on 07 December 2011 at a price of 96.65p per share.

Following this transaction, Mr. El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:


Registered holder Number of ordinary
shares
Josef El-Raghy (shares issued under
the Executive Director LFSP) 1,000,000
Nordana Pty Ltd 17,595,714
El-Raghy Kriewaldt Pty Ltd 51,549,372
S & M El-Raghy 350,000
Montana Realty Pty Ltd 950,000

The total fully paid ordinary shares in which Josef El-Raghy and his connected persons have a beneficial interest is 71,445,086 representing 6.52% of the issued ordinary share capital of the Company.

2. Mr Trevor Schultz, Executive Director, exercised all of his employee options (a total of 1,000,000) (the "Options") with an expiry date of 19 December 2011 at an exercise price of A$1.00 per option on 07 December 2011. Following the exercise of his Options, Mr Schultz sold 900,000 fully paid ordinary shares (approximately 0.08% of the issued share capital of the Company) on market through the London Stock Exchange on the same day at a price of 96.534119p per share.

Following these transactions, Mr Schultz's holdings and those of his connected persons in the share capital of the Company are as follows:


Registered holder Number of ordinary
shares
Trevor Stanley Schultz (shares issued
under the Executive Director LFSP) 1,000,000
Trevor Stanley Schultz 100,000

The total fully paid ordinary shares in which Trevor Schultz and his connected persons have a beneficial interest is 1,100,000 representing 0.10% of the issued ordinary share capital of the Company.

In accordance with the UK Financial Services Authority Disclosure and Transparency Rule 5.6.1, following the issue of new shares relating to the Options, the issued share capital of the Company comprises 1,096,297,381 ordinary shares. None of these ordinary shares are held in Treasury.

Therefore, the total number of voting rights in the Company is 1,096,297,381. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FSA's Disclosure Rules and Transparency Rules.