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.

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)

LOL - looking good, if gappy.

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

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

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

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

so what's your buy/sell targets MJ?

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

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

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

Looks like anarchy will rule in Egypt...

back to 25p coming.,.

Gap closed for now.

And now in auction +10.5%

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

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

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

StockMarketWire.com
Westhouse Securities has downgraded its recommendation on Centamin (LON:CEY) to "neutral" from "buy" following the phenomenal run the shares have seen over the past 6 weeks leaving no upside to the brokers unchanged 65 pence target price. The City broker also continues to have significant concerns over the volatile political environment and ongoing protests which led to the suspension of CEY's operations in mid-December and caused the share price to plummet. Analyst Rob Broke said: "Our recent visit to Centamin's Sukari Gold project in Egypt's Eastern Desert re-affirmed our view that Centamin is managing the operations at Sukari well, although it remains vulnerable to matters outside of its control. We are maintaining our 65p target price; however, following the recent strong share price performance - from an intra-day low of 19p in mid-December 2012, to 64p currently - we are downgrading our recommendation to Neutral. Despite clear operational upside at Sukari, we believe the stock is fairly valued given the current situation in Egypt."

Court case yesterday was adjourned. Typically CEY don't inform investors at all even via the web site page specially set up for the purpose. Two minutes to add a line on the web page and they can't be bothered :-(