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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

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.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

TANKER - 09 Jan 2012 11:20 - 1334 of 2354

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

Chris Carson - 09 Jan 2012 12:18 - 1335 of 2354

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

skinny - 10 Jan 2012 07:11 - 1336 of 2354

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.

Chris Carson - 10 Jan 2012 14:21 - 1337 of 2354

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

aldwickk - 10 Jan 2012 14:25 - 1338 of 2354

We wont hear the last of it now

Chris Carson - 10 Jan 2012 14:32 - 1339 of 2354

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)

skinny - 10 Jan 2012 14:34 - 1340 of 2354

As he has been since time immemorial!

cynic - 10 Jan 2012 17:31 - 1341 of 2354

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

Chris Carson - 11 Jan 2012 02:57 - 1342 of 2354

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?

Chart.aspx?Provider=EODIntra&Code=CEY&Si

skinny - 11 Jan 2012 06:10 - 1343 of 2354

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.

Chris Carson - 11 Jan 2012 06:34 - 1344 of 2354

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

skinny - 11 Jan 2012 06:42 - 1345 of 2354

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


Chart.aspx?Provider=EODIntra&Code=CEY&Si

Chris Carson - 11 Jan 2012 07:01 - 1346 of 2354

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.

gibby - 11 Jan 2012 07:33 - 1347 of 2354

indeed!!

cynic - 11 Jan 2012 07:48 - 1348 of 2354

now challenging (exactly) the 25 dma

Chart.aspx?Provider=EODIntra&Code=CEY&Si

skinny - 11 Jan 2012 09:47 - 1349 of 2354

Questor share tip: Arab uprising takes the shine off Centamin Egypt

Centamin Egypt is the "cheapest UK gold producer", broker Liberum said yesterday. This may be true, but most cheap things are cheap for a reason.

aldwickk - 11 Jan 2012 10:03 - 1350 of 2354

Today's FINANCIAL TIMES



ETF glow fades for US investors - Explosive growth may have peaked as demand wanes

skinny - 17 Jan 2012 07:13 - 1352 of 2354

17 January 2012


For immediate release 17 January 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Board Appointment

Centamin plc, the Arabian-Nubian Shield focused gold mining group, is pleased to announce the appointment of Mr Kevin Tomlinson as an independent non-executive director.

Mr Tomlinson (age 51) was previously Managing Director of Investment Banking at Westwind Partners/Stifel Nicolaus Weisel, a US, Canadian and UK full-service broker, where he advised a number of gold, base metal and nickel companies, including Centamin. Prior to that he was the Director of Natural Resources at Williams de Broe, a London-based broker, and Head of Research for the Australian broking, corporate finance and research house, Hartley's Ltd.

Mr Tomlinson holds a Master of Science degree in Geology from the University of Melbourne in Victoria, Australia. He began his career as a geologist 30 years ago and has worked with various Australian and Canadian-based natural resources companies, including Austminex N.L, where he held the position of Chief Executive Officer, and Plutonic Resources Limited, where he was Exploration Manager. In addition, he was Non-Executive Chairman of the ASX, AIM and TSX-listed Philippines gold producer, Medusa Mining Limited, from October 2005 to January 2010 and the Non-Executive Chairman of Dragon Mountain Gold, an ASX-listed Chinese gold explorer and developer, from January 2006 to October 2008. Mr Tomlinson is a Fellow of the Chartered Institute for Securities & Investment. He has not held any other directorships in public companies during the previous five years and does not currently hold any shares in Centamin. There are no other details to disclose under paragraph 9.6.13 of the Listing Rules of the London Stock Exchange.

Josef El-Raghy, Chairman of Centamin, commented: "We are very pleased to welcome Kevin to the Board. His background in geology and extensive experience in corporate finance will further strengthen the Centamin Board and support our growth strategy."

aldwickk - 19 Jan 2012 12:46 - 1353 of 2354

Nomura initiates neutral on Centamin Egypt, target price 120p.
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