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.

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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mna read again .
i will not buy till clear on policy i have held a lot of these in the past now i do not feel that my investment would be safe simple i am not prepare to risk my cash . end off

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mna have a nice day . i will buy when i feel it is right ,and hope they are still under 100p it should be 200p

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Egypt presidential election to begin in May

Egypt's first presidential election since an uprising forced Hosni Mubarak to resign will begin in May, the head of the electoral commission has said.

Farouk Sultan told reporters that the first round would be held over two days on 23 and 24 May, while a run-off would take place on 16 June and 17 June.

Final results are expected on 21 June.

Analysis - Economic gloom begins to lift in Egypt

(Reuters) - When Egypt's stock market index climbed this week to its highest level since last July, it was more than a boon to equity investors -- it was a sign that after a year of turmoil, prospects may be improving for the Egyptian economy.

Sold all my CEY shares yesterday

good company but investor nerves

Egypt as other countries has a history of corruption and a lot of this is channeling funds into the oldest established families. Any new broom is going to look at the existing 'arrangements' so see if without getting themselves eliminated funds can be created and diverted in a new way. The investing public knows that the successful political party in Egypt, in this case the 'brotherhood', will also be onto this restructuring. The excellent threads provided by DtG show that the new powerbase has less focus on changing existing 'arrangements' but hoping to create fresh ones. This is a classic move and will cause minimal internal disruption.
frm iii

TANKER

So your buying now ? now is a good time to buy under 90p