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.

CEY is never dull. Lots of intrigue and suspense.
Cynic, you should have stayed in.

.

Got out now with good profit.

bust told you i would not buy this at 20p now 20p
the brotherhood want the gold for them selves
egypt uninvestable

Totally agree, stay out of Egypt. It is all mastermind.

worth a punt 10p imo.

the new GOD will have is crown in the gold .

the new god morsi as been letting is people go without and been buying weapons for the terrorists in gaza . that is there new god morsi

There you go....what I feared...shame that I'm no good at shorting....the trouble with these countries like Egypt and others is that they have had such corrupt westernised governments that the electorate if there is one, turns towards radicalisation or something else that in the long run is not to their advantage but if you live in poverty you don't think longterm at all...just the next meal....

In and out of auction like a whore's drawers - I've had a dabble at 25p.

Going from bad to worse....

Take profits quickly because it could last not just a few days but months...

Already closed (for now +9p).

Good money made here this morning, well done skinny.
2517

Big chance of the stock being suspended again....and perhaps not for a short time....

In auction again!

Thanks George, although I must confess to buying some in the November fall - my average price now is @40p.

Wasn't watching early on.... otherwise...I would have done the same...

At the moment, though, it should appeal to those with a talent for poker!

how is it possible that CEY has not paid for fuel supplied since 2009? they seem to have a lot of enemies in high places in Egypt.market cap has fallen from over £1billion to just over £300m.

Well they do 'say' that it is illegal :-

"Centamin advises that it has received an illegal retrospective claim from Egyptian General Petroleum Corporation (EGPC) for LE403 million (c. US$65 million) for diesel fuel supplied from December 2009 until January 2012. "