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.

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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

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so is it ready for a good gamble

certainly a meaningful break through 25+50 dma

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I have taken a punt

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no oars

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punt + oars???

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(Digitallook)- Nomura has upgraded its rating for Egyptian gold miner Centamin from neutral to buy and increased its target price from 100p to 130p, saying that operational momentum may be turning positive after '18 months to forget'.

"With the planned open-pit pushback now optimised for 2013-15 [following last week's update on its mine plan], we are increasingly comfortable with the company’s operational momentum and earnings profile," Nomura said.

Well I bottled it and sold @ 69p for +9%. I'd buy in again on fallback or if Tanker says sell.

Interesting to see these up 4%+ ahead of the run-off elections on 16th/17th.

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Time to load up at 70p, bit less if the dip has another go

chuckles - why, as i'm sure you have your reasons?

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