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.

Up 9% so far. As I have said before, the market seems to like stability, even though the result may not be what was wanted by the west.

is it a golden dawn or a noose

short term, it looks as though the army will have castrated MB

it looks like they could get back above 110p good luck to you holders

Not a lot of democracy in China but they seem to be doing ok

The result was greeted peaceably and the Army is backing western company's. Why does a Muslim government have to be anti Business , the chances of nationalization is very remote.

An important point to note,too, is the massive underporformance of gold producers relative to the price of the yellow stuff. We have likely seen all of the down side.

25 June: Nomura reiterates: Buy - TP: 130p.

Actually not to be picky, but that's an upgrade.:-)

Investec Reiterates its Buy Tp 95.00p.


On edit :- one list has Nomura as an upgrade another as a reiteration!

Are you going to hold on to your stock, skinny? Am tempted to now average down, on the way up. Hopefully the worst of the civil unrest is history.

Yes - I'm holding now - not a fortune but enough!

Just added today

nice to see the sp going up for holders good luck you deserve it .
i am not in

106p target price on Selftrade.

Had to sell mine @ 69.95 needed some cash , seem like i chose the wrong one to sell.

Short term profit takers knocking this back sub 70p? Over 1m shares traded in opening 20 mins!

down to 65 ...... that's a nasty start to the week for holders ...... as a pure guess, it may be a reflection on libya voting in islamists = mb supporters

Now 63!!! I thought 67p was going to be a good buying level. Glad I was indecisive.

Some bad news coming out of Egypt

....but if you put in a limit buy it will have trigged @67p?

CEY is trying to deny breaches in contract.