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.

Picked your walking sticks yet. :-))))))))

Emu - you are NOT old enough to have enjoyed the 60s; you're even younger than me and i was only 14 in 1960

.

lol

your right cyners it was wishful thinking...lol i suppose i'm a 70's lad...just as good.
btw, were you a long haired layabout......or have you always looked that way??.,.

money observer . cey to plans to go from 200.000 to 500.000 ounces next year
a jumpin profits from 20m to 120m in 2011 brokers have pencilled in 172m
with earnings per share of 16.12p

.

cey should be double current sp by end 2012 imo :-))
and continue strongly 2013 onwards

market is underwhelmed

Looks like a short :-))) ( Tin hat on ).

Looks like a long short , the time this as been falling

Just to put TANKERS mind ? at rest.


The country's newly elected parliament, which is dominated by the Muslim Brotherhood’s Freedom and Justice Party followed by the ultra-conservative Salafi Al Nour Party, is expected to formally commence by the end of the month.

However, Egypt's economic agenda is not expected to change much according to analysts who say the FJP tend to adopt right-wing economic policies, similar to the previous regime.

"The Islamists are very pro-stock exchange, they are heavily invested in the market," said Salama. "The exchange will not suffer because of the new parliament. Some banks, however, might have to introduce more Shariah compliant methods for client

arguably a worthwhile punt at this level (about 80p)

I was thinking similar @80p

AID thanks but i already had that bit of news and have been buying small lots i have added a couple to day . has i said read the observer mag for jan .next months is due soon good mag and well worth the money . i am not going to post much have other things to do . good luck all

I am looking to double my money in the next 4 months

tanker i would suggest you have a very good chance of this despite recent slide - gl

i would say this is a CERT profits to jump 5 fold you have been told . good day now

In that case TANK I will stick with the trend SHORT on the spreads 80.9 stop 88.9 :O)

4th Quarter Preliminary Production Results

Total gold production for the quarter was 58,965 ounces, a 10% increase from the corresponding quarter in 2010 and a 16% increase on the previous quarter's production (Q3 2011). The resultant gold production was underpinned by record quarterly throughput in the Sukari process plant of 1,066kt (38% higher than the corresponding quarter in 2010 and 11% higher than Q3 2011), as the ramp up to higher production rates continued post-Stage 3 commissioning.

2011 gold production totalled 202,698 ounces, an increase of 35% on 2010 production.

Both the open pit and underground achieved record material movement for the quarter. The open pit delivered greater than 2.4Mt per month material movement for both October and November and 2.8Mt for December. Underground ore production for the quarter increased to 69,898t (up 20% on Q3 2011). With higher material movements from the open pit, the run of mine ore stockpile balance increased by 264kt to 720kt by the end of the quarter.