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.

"And their's more"

HIGHLIGHTS




The Sukari mineral resource upgraded to 9.91Moz Measured and Indicated, plus 3.3Moz Inferred




An increase in the Measured and Indicated resource of approximately 520,000oz or 6%




New resource ounces based on assay results of 20,000m of drilling largely from the Pharaoh and Amun Zones, and the deeper Hapi Zone




Drilling indicates that mineralization continues further North of the existing reserve, with continuous high grades in the deeper zones




Significant results included in this upgrade 79m @ 4.48g/t Au and 43m @ 17g/t Au

cyril

With Gold rising late in the day to over $954/ou,CEY(CEE in Canada)up almost 10% to C$1.73 which works out at 95p+.
cyril

Gold price chart also looks supportive of further price increase.
All mining stocks look good this a.m.

The following announcement ca only be positive for the share.
04 August 2009




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

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







INTENTION TO MOVE TO OFFICIAL LIST




Centamin announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the 'Official List') and to trading on the London Stock Exchange's Main Market for listed securities. Work has commenced on the listing process and it is anticipated that this work and a move to the main board of the LSE as a primary listing will be concluded before year end.




The Board of Centamin believes that the Company has now reached a size and stage of maturity at which the Official List will be the most appropriate platform for future growth. The Directors believe that the move will result in the Company benefiting from an increased potential investor base, a higher profile and an increase in the liquidity of its shares.




Investec Investment Banking, a division of Investec Bank plc, has been appointed as sponsor in relation to the move to the Official List and as joint financial adviser to the Company. Ambrian Partners Limited is acting as joint financial adviser and UK broker to the Company.







For Centamin Egypt Limited


Josef El-Raghy

Managing Director/CEO

04 August 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

Bobby Morse

Ben Willey
Ambrian Partners Limited

+ 44 (0) 207 7634 4700

Richard Brown

Richard Greenfield
Investec Investment Banking

+ 44 (0)207 597 4000

Gerard Kisbey-Green

http://www.growthcompany.co.uk/news/1064042/centamin-for-big-board.thtml

news story on the move to the official list

sp falling soon be time to buy again.

good little company, though sp performance has been somewhat disappointing of late

should rise when quarterly production revealed and listed on the big board, still possible takeover target.

agree all of that, and that it is a good minnow in its own right anyway

can't cope with agreeing with you all the time now - lol!

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread

Another spamming ramper , reminds of someone.

Same bloke, different name. A complete Muppet.

solid buying this afternoon.

Peak time is usually about September for gold price.Price has spiked up significantly over the last day or two.Chart suggests to me new highs for gold price are certainly on the cards.
I have heard $1200 is entirely possible.

a 5 point jump today after $25. jump in gold price yesterday to $979

up 14% in Canada last night

Big recovery in gold stock prices today (many in 6-8% range).Looks like there is anticipation that we are going over $1,000

Heading for $1200.

If at the height of the recession investors were seeking a safe haven in gold, thus forcing the price to test the $1000 level 3 times, but bouncing back each time, why would the price of gold now breach that level & go further? Economic news is still bullish, even though the markets are getting ahead of themselves & big corrections are likely. Are we anywhere near the indian wedding season?

I think September has something to do with it Harry. Generally not good for stock markets,but historically good for the yellow stuff!