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.

from the BBC

Egypt court orders Hosni Mubarak freed --- 4 minutes ago

An Egyptian court has ordered the release on bail of former President Hosni Mubarak in a corruption case.

Hosni Mubarak was sentenced to life in jail last year, but a retrial was later ordered after his appeal was upheld.

Reports from Cairo suggest he may be freed from prison on Thursday, but the prosecution may still appeal.

After rising lately, today there was a morning mark down, most likley somthing to do with gold price

Spiking after 2pm and finishing the day with a BREAKOUT and large volume over 10M share traded,>>>>>>>>>>> bullish

After being lowered this morning, market was down also, now is motoring again, just like a BREAKOUT should be

Since last week BREAKOUT is going places and specialy today now 45.25p, looking ahead 46p will be a price to look if it breaks that too

Steady rise since the clean up operation in Egypt by the army, resulting on a higher BREAKOUT on the chart

47.15p is the price now after reaching 48.20p

Investec Buy 47.06 46.92 45.60 50.00 Retains

nyo worth a look rns there

are they going to takeover Nyota?

they want one of the directors removed .... doesn't sound a positive for either CEY or NYO

but who knows what is going on behind the scenes in Ethiopia?

i don't care as no interest in CEY for now and would avoid NYO

then why are you posting?

why shouldn't I?
i have long followed CEY and even held it in the past, but i think both the area and the commodity are too dangerous for now

be honest you like to stir the pot!

i do, but that has nothing to do with it in this instance

cynic always likes the last word whether or not he claims to have any interest in the subject.

of course :-)

why not.

behave yourself, you old shoddy merchant! :-))

now in typical cynic style you start to become abusive.