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.

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

as i have said before, this is a really good minnow miner and arguably or even probably cheap still .... if i was adding a(nother) gold miner to my portfolio, this would be high on my list to consider

Barclays have very strict conditions for stocks like this niceonecyril apart from being listed on a main overseas market ...they must also report in with an address in the UK mainland !, not Jersey etc.. the only other one that I know of on Aim like this that fulfills these conditions is Jubilee Platinum (JLP).

Typical Britain today...double standards all the way....one broker says yes the other says no !.

Great set of results,thinking of topping up as gold is a pretty safe bet at the minute.

Centamin is pleased to announce an increase in total reserves at the Sukari Gold Mine in Egypt.




The total reserves have increased to 6.4 million ounces, an increase of 2.7 million ounces (72%) from the previously reported 3.7 million ounces as announced in March 2007. The new mineral reserves are based on drilling up to 25 January 2009 and utilized a gold price of US$700 per ounce. Details of the new reserves calculated for Sukari as at April 2009 and the previous reserves as at March 2007 are listed in the table below.

aimho
cyril

Tipped as a buy in Monday's Telegraph at 57.25

throroughly agree ..... as i have commented several times, CEY is first class as minnow mioners go .... certainly a far far better prospect than that fijian outfit that halifax is keen to ramp