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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

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.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

HARRYCAT - 11 Jan 2013 10:11 - 1952 of 2354

Going well, but even allowing for a small slide in the price of gold, CEY should be somewhere around the 170p level, so it's just a small matter of deciding whether Egypt is now a politically stable country. Another stunt from Mursi and we are heading down to the 30p level again, imo. I need to average down now, otherwise it's a long wait for break even, but.........

halifax - 11 Jan 2013 10:14 - 1953 of 2354

Harry Mubarack is in prison........ keep up!

HARRYCAT - 11 Jan 2013 10:15 - 1954 of 2354

I spotted that before you posted, so it has been changed retrospectively! Thanks for the heads up though, h. Good to see you are paying attention! ;o)

skinny - 11 Jan 2013 10:40 - 1955 of 2354

LOL - looking good, if gappy.

transco15 - 11 Jan 2013 13:18 - 1956 of 2354

LONG WAY TO GO ON THIS ONE - SKYS THE LIMIT.

transco15 - 11 Jan 2013 13:18 - 1957 of 2354

LONG WAY TO GO ON THIS ONE - SKYS THE LIMIT.

midknight - 14 Jan 2013 13:29 - 1958 of 2354

14 Jan: Goldman Sachs reiterates: Strong Buy - TP unchanged 200p.

magicjoe - 15 Jan 2013 12:17 - 1959 of 2354

after opening with a mark up the shares are now down and Profit taking is the order of the day after such a rise

p.php?pid=staticchart&s=L%5ECEY&width=29p.php?pid=staticchart&s=L%5ECEY&width=55

cynic - 15 Jan 2013 12:20 - 1960 of 2354

so what's your buy/sell targets MJ?

transco15 - 15 Jan 2013 12:21 - 1961 of 2354

i calculate back to 35p before any further rises. lots of profit to take imho

HARRYCAT - 15 Jan 2013 12:26 - 1962 of 2354

.

skinny - 15 Jan 2013 12:29 - 1963 of 2354

Messy chart (technical expression) support @52p - I'm staying long.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

cynic - 15 Jan 2013 12:48 - 1964 of 2354

an easy to read "simpleton's chart" ...... 50 dma likely to provide support at 56 provided wall street does not damage confidence too much ..... if that breaks, then 25 dma at 45 should be a good level - to buy if one has the inclination

Chart.aspx?Provider=EODIntra&Code=CEY&Si

hlyeo98 - 29 Jan 2013 12:35 - 1965 of 2354

Looks like anarchy will rule in Egypt...

Balerboy - 29 Jan 2013 15:54 - 1966 of 2354

back to 25p coming.,.

skinny - 04 Feb 2013 11:12 - 1967 of 2354

Gap closed for now.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

skinny - 04 Feb 2013 11:19 - 1968 of 2354

And now in auction +10.5%

transco15 - 04 Feb 2013 12:35 - 1969 of 2354

Very very risky share to play with bearing in mind the political situation.
leave well alone imho

cynic - 04 Feb 2013 14:25 - 1970 of 2354

with 200 dma lurking just a few coppers above this level, i do not see much immediate upside

HARRYCAT - 04 Feb 2013 14:40 - 1971 of 2354

Of course, if it go through it with momentum, then 105p on the cards!!!(I wish!) ;o)
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