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.

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

no bikinis no kissing , your to old for all that anyway

i don't entirely agree with what tanks writes, but i certainly concur that this is not the time to be buying CEY - or anything else for that matter ........ immediate future for the world markets (economies) looks very grim

It's a shame that strength in physical gold isn't necessarily reflected in the gold producer's sp. June 16th/17th should see a resolution to the election result and hopefully the resultant political stability will see CEY back in favour. (Even FRES has taken a hit recently and is not in a politically volatile area compared to others such as CEY & RRS, so some of the weakness must be due to the decline in the commodity price).

mursi as already stated that he does not want the tourists to shame is country and will come down hard on them if they do not obey muslim strict rules .he said we do not want them here .so where are they going to get there money.

that's intrinsically no different from Dubai (though you can drink there) or Oman (where you can't)

" where are they going to get there money. " If your right , then it would come from outside investment from company's such as CEY

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most tourist go on hol to sunbathe well they will not be allowed in egypt.to do so .
so the tour operators can take itoff there list they will not fill the planes .
if MURSI is elected the country will step back 200 years and rules the people by fear.

as for cey the future is uncertain .and holders could end up with nothing .
it could be nationalised.
if it allowed to carry on as a frre enterprise it could treble over night .
gamblers paradise or not

i have not read the manifesto, so why is it that i think you have rather over-egged your omelette? ....... even in dubai, the local women are allowed to sunbathe, though there are also ladies' clubs and beaches should they wish to segregate themselves ..... for all that, it is far from impossible that tourist enclaves are created with a more flexible approach than that which applies outside

cynic he as stated that NO bikinis on the beach .

Excellent - mandatory nude bathing then? ;o)

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what he says and what is actually applied are not necessarily the same thing.
the simple political expedient will be to allow them on "closed beaches" only - e.g. those within the confines of tourist resorts (ghettos) ...... similarly alcohol ..... even in dubai you can't go to the supermarket to buy same