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.

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!

look at the gold chart, ready for an upward move towards $1200.

Spot price for gold is currently $987. Don't know what you are looking at halifax???

harry look at the triangle.

The main concern re the continuing upward movement in the gold price has to be this .Gold hit $1,000 back in March of this year ,but could not hold it ,despite the fact that the economic outlook was at its gloomiest.
That said, the gold highs of 1980 would be equivalent to about $2300 today,so there certainly is precedent for much higher prices. The current price is $989.
Any comments?