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.

throroughly agree ..... as i have commented several times, CEY is first class as minnow mioners go .... certainly a far far better prospect than that fijian outfit that halifax is keen to ramp

From Telegraph.co.uk 04 May, 2009


Centamin Egypt

54p

Questor says BUY

Another Questor stock providing a good update last week was Centamin Egypt, one of our tips of the year.

Centamin confirmed that it was on track to become a gold miner in the second quarter of the year. The company also has the finance in place to do this. This is good news as there had been some whispers around the company that it would have to delay production to the third quarter.

The company raised $69m (46m) of equity and $25m of debt in the period and so it is well-financed to put the mine in production and potentially push forward with an expansion programme. Gold reserves now stand at 6.4m oz. When the mine comes on stream later in the year the shares are likely to be rerated. House broker Ambrian says it expects to raise its price target on the shares to 80p-100p a share once production starts.

Of course, the performance to some extent depends on the gold price, which outperforms at times of financial crisis.

A number of commentators have been saying that a new bull run has started and we are out of the economic woods. Questor is cautious and is yet to be convinced that we are not in a bear market rally. Therefore, Questor expects to see continuing strength in the gold price.

The shares were first recommended at 42.5p on January 5 and the shares, which have risen 29pc, remain a buy

The price is up by about 1/3 in the past 3 weeks.on continuing good news,and up 3 today

RNS Number : 5483S
Centamin Egypt Limited
20 May 2009



For immediate release
20 May 2009








Centamin Egypt Limited ('Centamin' or 'the Company')




(TSX:CEE, ASX:CNT, AIM:CEY)




DRILLING UPDATE




The Company is pleased to announce that the resource definition drilling in the northern half of Sukari Hill porphyry continues to return highly encouraging assay results, with a thick, high grade intersection of 43m @ 17g/t Au from 499m downhole (including 1m @ 68.1g/t Au from 525m and 2m @ 279g/t Au from 531m) recorded in hole D1435 on section 11250N. D1435 was drilled in the Pharaoh Zone, 150m south of D1431 (11400N) which returned an intersection of 55m @ 3.48g/t Au. Several other holes in the area have also returned strong assays, such as D1420 (11275N) - 79m @ 4.48g/t Au; D1423 (11350N) - 47m @ 2.85g/t Au and RCD470 (11525N) - 66m @ 4.80g/t Au.




The D1435 intersection is associated with the along strike and down dip extension of the high grade Hapi and deeper zones of mineralisation, and its significance is highlighted by continuity with several other recently returned strong Au assay intersections (including D1431). The drilling shows the high grade Hapi and related zones extend from the far south Amun Zone over 1.5km north to the area of current drilling, and are likely to continue to the northern end of the hill, a further 1km to the north.




These zones along the entire strike length of Sukari Hill (2.5km) are the target of current comprehensive infill and extension drilling with 8 diamond coring rigs. Most of the intersections described above are outside the most recent February 2009 resource estimate (9.39Moz Measured and Indicated, plus 3.5Moz Au Inferred - see Table 1 below), therefore, considerable resource ounces are anticipated to be added in the next resource upgrade, due in July 2009.




Table 1 - Total Resource (February 2009)





Measured
Indicated
Total Measured + Indicated
Inferred

Cut-off
Tonnes
Grade
Tonnes
Grade
Tonnes
Grade
Gold
Tonnes
Grade
Gold

g/t Au
Mt
g/t Au
Mt
g/t Au
Mt
g/t Au
Moz
Mt
g/t Au
Moz

0.50
72.39
1.48
118.73
1.56
191.11
1.53
9.39
64.3
1.7
3.5

0.70
52.46
1.82
86.68
1.91
139.14
1.88
8.40
46.5
2.1
3.2

1.00
34.35
2.34
57.67
2.45
92.02
2.41
7.13
31.3
2.7
2.7





Note to Table: Figures in table may not add correctly due to rounding







For Centamin Egypt Limited




Josef El-Raghy

Managing Director/CEO

20 May 2009







For more information please contact:




Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com
Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Ben Willey

Bobby Morse
Ambrian Partners Limited

+ 44 (0) 207 7634 4700

Richard Brown

Richard Greenfield





Information in this report which relates to exploration, geology, sampling and drilling is based on information compiled by geologist Mr Richard Osman who is a full time employee of the Company, and is a member of the Australasian Institute of Mining and Metallurgy with more than five years experience in the fields of activity being reported on, and is a 'Competent Person' for this purpose and is a 'Qualified Person' as defined in 'National Instrument 43-101 of the Canadian Securities Administrators'. His written consent has been received by the Company for this information to be included in this report in the form and context which it appears.




The assay samples were analysed by Ultra Trace Pty Ltd, Canning Vale, Western Australia.




The information in this report that relates to mineral resources is based on work completed by Mr Nicolas Johnson, who is a Member of the Australian Institute of Geoscientists. Mr Johnson is a full time employee of Hellman and Schofield Pty Ltd and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and is a 'Qualified Person' as defined in 'National Instrument 43-101 of the Canadian Securities Administrators'. Mr Johnson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.




Refer to the Technical Report which was filed on www.sedar.com in March 2007 for further discussion of the extent to which the estimate of mineral resources/reserves may be materially affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issue.





This information is provided by RNS
The company news service from the London Stock Exchange

END


DRLIIFSREFIIFIA

This just gets better and better, wish I had more!

Just back from a successful day at golf, a quick check and bingo. Just wait until
we start production?
cyril

really glad this little outfit seems to have hit at least a modest jackpot, even though i am not a current holder

Look's like you have missed the boat cynic , closed 27% up in Canada after reaching 33%

There's always time to get in, will probably fall back a bit, I'm a bit peed off as I had a trading punt on this as well as my holding and sold yesterday for a great 30% profit but could've been 60% and even worse didn't do my usual top slice, I'll put it down the shock of being another year older, where did that one go?

Long term this one is a beauty, when production starts it will really be flying, add in gold price expectations and happy days here we come, please don't buy on this as I want them a bit cheaper!!!

Given as a buy in this weeks' Investors Chronicle at 82p

still expect some short term weakness in next week or two, however Gm bankruptcy may push sp gold up again and with it juniors. Am hoping to buy again in the next week especially if it gets below 75p

I understand that the current outlook for gold mining companies is very bullish,according to chartist on CNBC.

Perhaps this will give a wake up? Not so sure about the t/over (until new laws allow),but like the level of trading on the TSX 14m finished at the equivilent of 90p.

Centamin Egypt Ltd. (TSX:CEE). Miner. Up 30 cents, or 21.43 per cent, to $1.70 on 14,366,269 shares. Shares closed at a historical high on rumours that the company, based in Perth, Australia, is set to be taken over by either the worlds biggest gold producer, Barrick Gold (TSX:ABX) or the second-largest gold company, Newmont Mining Corp. (TSX:NEM).
cyril

Precious metals have had a rough time in the past 10 days or so,but look set to recover,especially on the back of takeover talk.

A lot of interest this a m,up 9 pts,but I have not heard any news

The real interest started in Canada,maybe we will find out whats what when the TSX opens later today. Lets hope its not a pump and dump,seen it happen with CDN sometime back?
cyril

i have liked this minor miner for some time but have not held for a while ..... i have now, rather belatedly, taken a small dabble, but be very aware, those of you who use L2, that this is an MM stock so one is totally at their mercy

I think it'll be more from the herd effect with production promised in the next few days. Wouldn't be surprised to see this hitting 120p if they release such news, before profit taking place and the SP settles to a more realistic level ?
cyril
PS hope you took the hint on URU(via KAH)?

cyril lets hope this start up project is not plagued by technical problems such as those unfortunately experienced by HMB and KMR.

FIRST GOLD POUR FROM THE SUKARI GOLD PROJECT




Centamin Egypt Limited is pleased to announce that the first gold from the Sukari Gold Project ('Sukari') was poured on Friday, 26 June 2009.




This milestone marks the commencement of production and commissioning at the Sukari gold mine ahead of the commercial ramp up of production, which is anticipated over the coming months.




Sukari is the first modern commercial gold mine to be operated in Egypt, and has a current mineral reserve of 142Mt @ 1.4g/t Au for 6.4Moz. The current mineral resource stands at 191Mt @ 1.53g/t Au for 9.39Moz Measured and Indicated, and 64Mt @ 1.7g/t Au for 3.5Moz Inferred (as disclosed in the press release dated 12 February 2009).




Josef El-Raghy, Managing Director/CEO of Centamin, stated:




'The first gold pour from Sukari marks the beginning of our production from the largest gold mine to come on-stream this year. The initial production of gold dorcame from ore mined in the Amun Zone of the Sukari hill and represents Egypt's first modern day gold production. The 4mtpa capacity plant will attain production rates of around 200,000 oz Au per annum by year end. Centamin is currently stockpiling ore in anticipation of a ramp up in production later this year.




The delivery of initial gold production in June 2009 is testament to the extraordinary hard work and professionalism of the entire team at Centamin and the co-operation of the Egyptian Government in particular His Excellency Sameh Fahmy, Minister for Petroleum and Mineral Resources. We look forward to updating stakeholders further on progress of the project over the coming months.'




Photographs of the first gold pour are available on the Company's website www.centamin.com.




For Centamin Egypt Limited











Josef El-Raghy

Managing Director/CEO

29 June 2009

cyril

Sounds good.
The Telegraph rate this as one of their shares of the year.