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.

RNS Number : 7343W

Centamin PLC

03 February 2012


For immediate release 03 February 2012

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

(LSE:CEY, TSX:CEE)

Participation in Placing

Centamin plc ("Centamin" or "the Company") (LSE: CEY, TSX: CEE) announces that it has subscribed for 67,000,000 new ordinary shares for a consideration of GBP4.0 million in the conditional placing ("the Placing") announced by Nyota Minerals Limited ("Nyota") today.

Following the Placing becoming unconditional in all respects, Centamin will own 90,000,000 Ordinary Shares in Nyota, equalling 14.08% of Nyota's enlarged share capital. Centamin was previously the holder of 23,000,000 shares in Nyota via its wholly owned subsidiary North African Resources NL.

Centamin views this investment as being in keeping with its stated objective of exploration and development in the highly prospective Arabian-Nubian Shield.

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Just starting to pick up a bit....looking for a climb up to 120p......when you think that this was hovering around 180p at some stage....

Still can't quite hit the buy button here.

It's simple : you do so !....and at the same time give out a aaaaaaaaaaaahhaaaahhhaaaa shout.....tarzan wise.......

A bit of profit taking now @ 100 bid price, has would be expected

Up +3.36% in Canada so far, but only up 0.36 % @ the close in London , which makes a change.

-5.92% down in Toronto unbelievably , this share is pissing me off big time.

Still sliding away. 80p on the cards? (again!)

Diappointing...with gold rising.....should be way above 100p.....takeover target...no debt...unhedged ?....possibly....?...

If they stopped killing each other and sorted out a stable, civil government, we might get somewhere!

True.....overpopulated...Egypt.....I'd love to go there.....pyramids, fab market from what I gather in Cairo....anyway....I reckon that Rio Tinto or one of the other big boys will snap this up......way undervalued....

This just has to rise....gold is rocketing again...almost $1800 an ounce....$12 short of it as we speak.....

This cannot be kept down for much longer.....inconceivable that it's not above 120p at least !.

the reason these are going nowhere is .
if you do not no why then sell
i do no why .it is who is going to run the country and they are backward looking .
they still believe there is a higher power .
i know that there is not

Beside the politics.....with international agreements which you cannot change overnight : it should be way higher.....their coffers will increase and a time will come when the market pushes the sp up....

rf that is almost correct . people like myself do not trust the powers to be so will not buy till clear and has you should no to a muslim quick is around 2 years to do a dayin the real world

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mna just saying i will not buy till clear policys on companys .
and yes they are making good profits but

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