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.

Charts say 'buy' so i did...

Bullflag pennant broken out to upside, Macd crossed and heading up, RSI lending strength, 50 dma lending support and rising
Fund raising agreed, confirmation of gold production Q2...
very strong last few days, hoping it can break 200dma - if so expect next leg to take us to high 50's...

And me!
2517

Massive buying today, and 200 dma pierced, should hopefully become good support from here...

Bought back in yesterday, gold seems to be the safe haven.
cyril

Cyril - nice one...:)

Cracking day more than makes up for my paper loss on gold sp.

Re gold sp probably see upturn $ terms at end of week or early next, once UK rate decision over, looking for support at $850 if that holds we could be pushing on to $930 again and then off to challenge March high last year.

Let the good times roll even in the bad ones!!

Did anyone else follow???

2nd Quarter Report is out, whilst I didn't read it all and I do not understand the technicalities, it appears that all systems are go and on schedule.
2517

Big Ted,

I thought post 131 was self explanatory. Anyway it bore out correctly as I predicted. Now sitting on a tidy profit.

and more to come i suspect

a splash in here or one in HOC?
CEY has an all time high of about 75 (+50%), whereas HOC could arguably double on the the same non-logic
perhaps a little of each

Excellent upgrade of its assets this am,with pog on the up seems a no brainer?
aimho
cyril

and i'll say it again, ORE is trading at a 8/10% discount to the conversion to POG shares

I,ve never looked at ORE and although it is probably a bargain, one can only invest in so many. At present i've bought CEY and HMB last week, together
with AFR and PURE this am i'm a bit stretched. CEY is a prime target (with almost 10mozs of resources confirmed) for a take out imv and i have one more company
up my sleeve which i intend later in the month to buy into.
cyril

cyril .... ORE ..... there is an agreed share offer of 16:1 from POG ..... though it has not yet been signed and sealed and completed, the current conversion rate would value at ORE at 34p against 30.25 offer

I'm surprised there isn't more support for this dual listed share (ISA potential) as it has just started mining operations and is funded.

can't disagree .... i think it's a damn little minnow though i do not currently hold

Gold up again today $962 at the moment, crude $37 or so, can't put this in my Isa, but HOC you can, just checked and Heritage oil (HOIL), you can now !.

A balanced view at this link:

http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=9987987&campaign=tips0001&link=tips0001_goldprospect_259_238&cp_c=l49kk2

RF; CEY is duel listed which makes it eligable for an ISA, i hold mine with
Selftrade who have accepted them. Ask your broker "why not",and give the reasons i have given.
cyril