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.

CEY’s “elephant in the room” should be resolved this week after Egypt’s elections. "

How can they say that , it could be good for CEY or not so good , nobody know's until the winner's show their hand.

They actually say 'should be resolved' which doesn't necessarily mean for the better. However, as the markets generally hate uncertainty, a result of any kind should at least pave the way for the brokers to choose whether it is good or bad.

I wonder if this might be worth a short term punt when the elections have taken place? Regardless of the result (assuming there is a clear winner) I would expect the sp to rally.

Harry , it good well be

I've had a small dabble @67.

Looks like the Brotherhood is coming into power in Egypt. The people loves them.

oh dear, that may be the end of possible democracy in the middle east, it certainly doesn't seem to suit the arabs."arab spring" be careful what you wish for.

Not quite up to date :- Egypt election: Rivals claim run-off places

The Muslim Brotherhood's candidate for Egyptian president, Mohammed Mursi, is likely to face former Prime Minister Ahmed Shafiq in a run-off vote, according to partial election results.

More than 11,000 out of 13,000 polling stations have declared results, in the first election since strongman Hosni Mubarak was overthrown last year.

Early counts put Mr Mursi on about 26% and Mr Shafiq at roughly 24%.

Partial results are subject to recounts and final results are due on 29 May.

It is the people's choice given the vote. Maybe democracy is just the choice of the minority.

It causes lots of debates about various issues and internal arguments about islam and politics

It will be good as it stabilizes the country. Egypt will just focus on education and consumtion - so no change.

Is there a second round?

Why are you buying ?

the concern is not what MB will do in even the next year, but where it will be taking egypt over the longer term, and thus how it will influence the rest of ME ..... there is little doubt that underneath today's soft words, MB is fudamentalist at its core

Optimimised Open Pit Mine Plan.

Centamin is pleased to announce an updated five year mine plan for the Sukari Gold Mine ("Sukari").

Highlights of optimisedopen pit mine plan:

· Increased headgrade of open pit ore sent to the mill to 1.1-1.52g/t for the coming 5 years
· Increased mining rates of ore in the open pit in years 2014 and 2015
· Reduced strip ratio in 2014 to 6.72:1 (previously 14.5:1)
· Open pit mine life of 30 years at average grade of 1.09g/t
· Ability to provide open pit feed to faster ramp up to 10Mtpa processing capacity following completion of Stage 4 expansion

.

30 May: Bank of America ups TP frpm 165p to 170p and reiterates: Buy.

Wrong thread

No its not :-)

Shareholders revolt:

http://www.guardian.co.uk/business/2012/may/30/shareholder-spring-centamin

warning if MURSI gets the vote then sell better still dont take the chance .
he will need to nationalise it .as the countrywill lose all tourist I was going in sept I and my party have canceled it is not a safe place to be .

mursi , as stated that if he wins tourist will have to obey muslim laws .
no drinking no bikinis no kissing and a lot more read is statement .
the country will step back 2000 years