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.

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.

Stopped out - 8.0 Well done TANK, good call mate.

We wont hear the last of it now

I might be kicking my self tomorrow aldwick for having to tight a stop loss, but hey credit where credits due he called it right :O)

As he has been since time immemorial!

glad i bought in yesterday; or was it the day before?

Assuming that yesterday was the bottom, (I still think 60p or even 40p) be interesting to see how sp reacts if or when the indeces decide to go south again. Only just noticed hell of a gap to be filled on the chart from August, so a possible target 140.0 (can you oblige with the horizontal lines skinny can't get mine to work) Or am I talking crap?

Chris - you can only draw one (as far as I know) - so which side of the gap do you want it?

On edit: You need someone like GF who can copy, edit and paste the chart to add two lines.

No worries skinny, 135 ish at a guess to close the gap I'm not able to get any lines at all.

That's the best I can do without exporting the chart.

Thanks skinny, perfect. Now, back to the KISS principle :O) I wont be buying until the 50DMA is breached, that is not a guarantee will keep rising but it's a good start.