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.

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.

why do you think a sp is falling when it should be going up.
answer M/B

Answers on a post card.

Results of Scheme Meeting and EGM

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information to be contained in the prospectus (the "Prospectus") to be published by Centamin plc in due course in connection with the admission of its ordinary shares to the premium segment of the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities. A copy of the Prospectus will, following publication, be available from www.centamin.com.

Results of Scheme Meeting and Extraordinary General Meeting

Further to Centamin Egypt Limited's ("Centamin" or the "Company") (LSE: CEY, TSX: CEE) announcements on 11 November and 15 November each in relation to the Company's intention to change the corporate structure of Centamin and its subsidiaries by putting in place a Jersey incorporated parent company, Centamin plc (the "Redomicile"), Centamin is pleased to announce that the scheme of arrangement to effect the Redomicile (the "Scheme") was approved by Centamin shareholders at the Scheme meeting held earlier today, Wednesday 14 December 2011. The Scheme was approved by 99.97% of the total votes cast on the resolution and by 92.09% of the shareholders who voted on the resolution.

the M/B ARE WHY THESE ARE FALLING.
now under 90p will by at fair value 56p

The end of Sharm el-Sheikh? Islamist parties call for ban on Westerners drinking, wearing bikinis and mixed bathing on Egyptian beaches


Read more: http://www.dailymail.co.uk/news/article-2073610/The-end-Sharm-el-Sheikh-Islamist-parties-ban-Westerners-drinking-wearing-bikinis-mixed-bathing-Egyptian-beaches.html#ixzz1gVfF9CDR

do you thing it is still safe to invest in such a backward country run by nutters

will these shares be suspended

.

mna .if you are blind then ask some one to read out the m/b news letter on
egypts future under them they want no western ways in there country
and no one to take there wealth out of egypt

to holders who listen read the mail today .
then make your decision

.

simple ask and look at a muslim

they will cut off there toes to make a shoe fit

look at SKR post 707 it was mine and investors wish there had now taken notice

i will now remove cey from my list

Try reading a different paper Tanker.

TANKER

Can you copy & paste the bit about " and no one to take there wealth out of egypt "

Muslims and Christians in Egypt made common cause in agitating for the overthrow of President Hosni Mubarak, but the alliance is fraying. A report by The Times' Jeffrey Fleishman about the country's Coptic Christians 10% of the population suggests that they are developing painful second thoughts about the "Arab Spring" now that Islamist parties are in the ascendance.

Like other Egyptians, Copts believe that the Supreme Council of the Armed Forces, which took control after Mubarak was deposed, has overstayed its welcome. But even the military is viewed as more welcoming of Christians than the Islamic parties that have dominated the first phase of parliamentary elections. In recent days, some strident voices have called openly for a strict Islamic state. A popular preacher was dismissive of protection for minorities. "The Crusader Christians are a minority and we can never equate a minority's rights with the majority's," said Wagdi Ghoneim. "How can they ask for the same rights as ours?"