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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mna just read this and had to post it .
wagdi ghoneim wants all non muslims out of egypt
he is very bad news .
i do not want to see holders lose when these muslims take over

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mna .dont read them then.simple

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holders 50p is coming

Gold has fallen by around 1200 points in the last week so only natural that shares such as these would reflect such a market move.

They don't reflect it much when Gold go's up

Gold is a physical asset and shares are paper, big difference and less risk if you hold the physical asset.

your "physical asset" is quoted in $ so there is the double risk of bullion intrinsically falling, which i think it has done quite signbificantly over the last 10 days, and also exchange rate exposure ..... all that glisters etc!!

RNS Number : 3031U
Centamin Egypt Limited
20 December 2011

For immediate release
20 December 2011


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 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.

Notification of Court Approval

Centamin Egypt Limited ("Centamin" or the "Company") (LSE: CEY, TSX: CEE) is pleased to announce that the Supreme Court of Western Australia made orders earlier today, 20 December 2011, pursuant to section 411(4)(b) of the Corporations Act 2001 (Cth) to approve the scheme of arrangement, subject to certain existing conditions. The scheme of arrangement will effect the proposed change to the corporate structure of Centamin and its subsidiaries ("Centamin Group") by putting in place a new Jersey incorporated parent company for the Centamin Group, Centamin plc (the "Scheme").

Centamin also advises that it has today lodged with the Australian Securities and Investments Commission a copy of the Court order approving the Scheme. A copy of the Court order is here.

http://www.rns-pdf.londonstockexchange.com/rns/3031U_1-2011-12-20.pdf
Admission of Centamin plc's shares is expected to occur on or around 30 December 2011 at 8:00 a.m. Trading in Centamin's ordinary shares is expected to be cancelled simultaneously. The ticker symbol for Centamin plc's ordinary shares will remain as CEY on the London Stock Exchange and as CEE on the Toronto Stock Exchange.

Further details in relation to the Scheme and implementation are set out in a scheme booklet that is available on the Company's website, www.centamin.com.

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well if details are on the web site I can't see them.

Egypt's benchmark stock index dropped more than 1.4 percent early Thursday as a deepening political crisis in the Arab world's most populous nation cast a pall over its political future and prompted Moody's Investors Service to push the government's bond rating deeper into junk status.

The Egyptian Exchange's EGX 30 index was down 1.48 percent by 11:50 a.m., rebounding slightly from a more than 1.6 percent slide earlier in the day. The index is down about 48 percent so far this year as investors fled the market amid the unrest stemming from the protests that toppled former President Hosni Mubarak in mid-February and have continued on a near daily basis since then.

The decline came even as the country's military-appointed prime minister called for national dialogue to end the clashes and protests that have crippled the country's economy and cast a pall on its transition to democracy.

read the money abserver magazine very interesting and will be buying

Why don't you tell us what it say's and save us the trouble of buying it ?

Why are all your stock purchases based on one Press article?

going to up production to 500.000 and profit to go from 20m to 120m in 2011
and 172m 2012 with earnings per share 16.12p

TANKS - i have no objection to peeps changing their stances on stocks, but you don't half blow with the breeze, which does cast considerable doubt on the value of your opinions .... btw, 2011 now has only a few days to run!

Hurry up chap's , only another 100m before 2011