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.

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

AID. i am on the fence with the gun at my head

I'm not :-)

Given their complete political dominance, why have the Muslim Brothers and the Nur Party chosen to sit back and decided not to go for the presidency? Some analysts have argued that the Brotherhood's decision not to run for president should be seen in light of its struggle against SCAF. If it were to appear too assertive there might be a backlash from the military and its newfound political power might be lost as a result. According to this view, not fielding a presidential candidate but at the same time insisting on an 'Islamic' one should be seen as a bargaining chip with which the Brothers are trying to placate SCAF fears of a complete Islamist takeover. At the same time, the decision is also designed to reassure Western observers that Egypt is not heading towards a theocracy.

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Paragraph 5! :-)

mnamreh

You don't think by any chance its C&P

theocracy. ? got to look that one up , but i have a theory about what it means

Doh! aldwickk - see post 1415.

And I think this is missing from post 1414. :-)

a form of government in which God or a deity is recognized as the supreme civil ruler, the God's or deity's laws being interpreted by the ecclesiastical authorities.
2.
a system of government by priests claiming a divine commission.

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aldwickk - the text is a C&P from paragraph 5 in the link in post 1415!!!!!

mnamreh -

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Citigroup reiterates its Buy TP raised from 104.00 to 110.00p

what is happening in egypt tells you can not invest . kicking down the grave stones of the people that died for them . you have been warned . they have no moral

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