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.

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

.

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 :-(

Participation in Placing

Centamin plc ("Centamin" or "the Company") (LSE: CEY, TSX: CEE)
announces that it has subscribed for 38,475,000 new ordinary shares for
a consideration of GBP769,500 in the firm placing ("the Firm Placing"),
and a further 42,525,000 new ordinary shares for a consideration of
GBP850,500 in the conditional placing ("the Conditional Placing")
announced by Nyota Minerals Limited ("Nyota") today.

Following the Firm Placing, Centamin will own 128,475,000 Ordinary
Shares in Nyota, equalling 17.00% of Nyota's enlarged share capital.
Following the Conditional Placing becoming unconditional in all
respects, Centamin will own 171,000,000 Ordinary Shares in Nyota,
equalling 19.87% of Nyota's enlarged share capital. Centamin was
previously the holder of 90,000,000 shares in Nyota via its wholly
owned subsidiary Centamin Holdings Limited.

Centamin views this investment as being in keeping with its stated
objective of exploration and development in the highly prospective
Arabian-Nubian Shield.

Has anyone noticed the closing price in canada UP 13.41% at $1.10 (70.3p)

sorry mis read should read up 13.41% at 0.93 cents (60p)

Centamin (CEY): A Return To Normality
26th Feb
http://www.directorstalk.com/centamin-cey-a-return-to-normality/