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.

The Expert View: Centamin,

Back to ‘normal’ for Centamin

‘It is back to “normal” for Centamin (CEY.L),’ commented analysts at Westhouse as the shares yesterday continued to recover from last Thursday’s sudden 50% drop.

The company has now resolved both of two issues which had spooked investors last week: it has resumed gold exports form its Sukari mine in Egypt, while it expects its fuel supply to resume ‘in the coming days’.

While the shares managed double digit percentage gains on both Thursday and Friday, they remain 10p shy of the 52p price before Centamin announced the threats to its fuel supply and exports.

Westhouse analysts Nick Hatch and Rob Broke said: ‘We believe that provided operations resume in the next few days, the company could still meet its 250,000oz target for 2012.

‘We will review the cost of capital that we use in our Net Present Value analysis for Egypt (currently 16% nominal), but otherwise it is back to 'normal' for Centamin.’

citywire - money/the-expert-view - centamin-rockhopper-exploration-and-aggreko

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RE: Court case today

centamin/investors/courtcaseqanda

it's quite a tempting short, as in many ways, too far too fast and there'll be many who'll want to bank profits before the hols - but suspect i'll resist the temptation

almost recovering all the share price fall this morning ...........

Done deal, 2nd Jan date to inform al Fakhrani.

Decided "the Third Circuit examined" the Supreme Administrative Court postponed the appeals filed by the company Pharaonic and the National Authority for Mineral Resources, the judgment of the Court of First Instance "Administrative Justice" for the engineer Hamdy Fakharany member of parliament former invalidity contract for exploitation mine diabetes session 2 next January to notify the challenged against him.

The court had refused to end the work of the Convention concluded between the Ministry of Industry and Pharaonic Australian gold mines, where it can not be confirmed in any way to blame the company alone, stressing that the aspects of Alawar, responsibility and Userha rests with the administrative side, "government"

The Court stated in its ruling aspects Alawar which marred the agreement with the company Pharaonic, both in the research phase or the exploitation phase, where it considers it can not in any case be downloaded to the contractor - regardless of nationality - but falls and diminished and responsibility rests with the administrative body "government "based on the management of the facility

And confirmed that the main aspects of Alawar extreme weakness that characterized the legal architecture of the provisions of the Convention, and the widening spaces lookup zones, which approached an area of ​​5380 square kilometers, in areas as far apart, giving the company Pharaonic right to search, without rationing mechanisms adequate to ensure the seriousness company in operations Find, with the exception of a sum of money the company spends annually, mostly spent on staff salaries and allowances of moving, etc., which are not related to the technical work required to ensure the seriousness of the search process

As court based its ruling, the report of the Joint Commission People's Assembly dissolved, and reached the actual control and operation in the implementation of gold mining and smelting and weight of the company Pharaonic, in the presence of absence raises suspicion and reasons of accountability for the role of the weak played by the Mineral Resources , which represents the Egyptian government in the implementation of this contract, and the result was unfortunate is pronounced by the case papers pain and heartbreak, that whatever proven produced and sold from the output of gold and associated minerals from this Convention shall not exceed the amount of $ 875 million, Egypt got this result by the amount not to exceed $ 19 million only

http://new.elfagr.org/Detail.aspx?nwsId=248166&secid=1&vid=2#.UNGp9OTde_g

re - it's quite a tempting short,

Well then maybe you should have done it,
but I think it was a lot of "MAMBO JAMBO"
on your post, and at the end no ...........

May as well because since the time you posted ( low of the afternoon 39.75p ) it went up close to the open price

of course, you conveniently forgot the last part of my post as it did not suit your customary snide comments ...... "...... but suspect i'll resist the temptation", which in fact i did

much as it may upset you, i actually had a pretty good day, banking profits on longs for Dow (last night actually), FTSE 250 and HG&HC Index, since when, i have shorted the Dow, and that is also now in the money ..... these of course are all short-term trading positions, but the rest of the portfolio just held steady with the usual mix of some up and some down

Ah well - at least Joe isn't quite so objectionable as Tanker and he's also literate.

there is that aspect .... MJ is obviously taking his medication, for he used to be at least as bad even if literate :-)

Market Update - Resumption of Operations

Centamin is pleased to confirm that, following the recently-announced export of gold and resumption of fuel supply, operations have now resumed at Sukari.

Edit - duplicate!

Back up to 60p?

cynic

We all know you never had "balls of steel " otherwise you would have converted into ISLAM by now.


re - it's quite a tempting short, as in many ways, too far too fast and there'll be many who'll want to bank profits before the hols - but suspect i'll resist the temptation

That has been your problem all the time... if, but, maybe

You have too many temptations but allways becomes nothing, some say the mouth you talk with is not good enough, or maybe the devil that wisper on your hear is a weak one.

Anyway I know it by example you only take mainly advise, you never give, maybe because you are not a Christian

you are such an ass MJ .... i think you have been on the sauce again ..... as already posted, which as usual you choose to ignore, i married money with mouth elsewhere, and modestly or even moderately successfully too i am glad to say

re - i think you have been on the sauce again

NO today is Thursday

I put the sauce on the fish and that is tomorrow Friday

taking the piss ( not sauce )

But you are not Christian,
we all know your desease
and that is not to give
take, take and take
and put it under the bed

What you say
is far from the truth
I realised of that
long long ago
after begging for help

you are truly bonkers at times, verging on the paranoid, usually after lunch when if it is not the drink speaking, then perhaps your medication has worn off

Oh Dear, and it was all going so well :O)

yes Chris

do you remember when he was saying " we are friends again "?

maybe he thought that, but I DO NOT FORGET ... not forgive some times

You were right I did not bother to repply as I did say earlier, my time was over at PTC
I put my point with 100% right, so time to exit
One has to know when to retire at the TOP.

cynic - 30 Nov 2012 14:25 - 461 of 467
MJ may like this ..... sp is right at the top of bollinger band ..... does that mean pull back is imminent or merely that bollinger band will keep adjusting upwards as/when/if sp keeps ticking ahead?

Chris Carson - 30 Nov 2012 15:22 - 462 of 467
he probably thinks you are taking the Pxxx cynic :O)

cynic - 30 Nov 2012 15:43 - 463 of 467
i don't think he will .... we have kissed and made up of late, and his chart interpretation is often interesting and even good sense, especially for short-term momentum trading

CC - c'est la vie! .... as i have said before, when MJ is sensible, he is interesting and worth reading ..... when he's on another planet as now, i'm afraid he's best left there

Oh well never mind guys, tis the season of good will, hope you both have a merry xmas and a happy new year.