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 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.

He wasn't like that until Fred, Stan and Goldfinger stressed him out

how dare you! .... i've been a cantankerous old shit for years :-)

Daily Telegraph - Home» Finance» Business news and markets live

11.14 Investors in gold producer Centamin are going to be watching developments in Egypt closely today. The long-awaited Supreme Administrative Court hearing on the company's right to dig at its only operating gold mine is scheduled for today, after it was adjourned a number of times earlier this year. Centamin's shares tumbled in October when its right to operate the Sukari mine was questioned by Egyptian authorities. Today the stock drifted 1.8pc lower in morning trade.

.

Q3 Preliminary Production Results

Centamin is pleased to announce preliminary production results from its Sukari Gold Mine ("Sukari") in Egypt for the quarter ended 30 September 2013.

Total gold production for the quarter was 84,757 ounces, a 39% increase on the corresponding quarter in 2012 and 9% lower than Q2 2013. This brings year to date production to 265,397 ounces.

Open pit total material movement decreased 5% from Q2 2013 to 10,506kt and open pit ore production increased 15% on Q2 2013 to 3,409kt which led to an increase in the run of mine ore stockpile balance of 346kt to 1,537kt at the end of the period. The underground mine delivered 152kt of ore, up 7% on Q2 2013.

Quarterly throughput at the Sukari process plant was a record 1,463kt, a 46% increase on the prior year period and a 3% increase on Q2 2013; exceeding the nameplate annualised rate of 5 million tonnes for the third successive quarter with continued high levels of productivity and availability.

Canaccord Genuity Hold 45.83 38.00 38.00 Reiterates

Investec Buy 45.83 50.00 50.00 Retains

Westhouse Securities Buy 45.83 50.00 50.00 Reiterates

Has almost reached 47p now 46.83p and certainly the volume is on the rise

volume and rising is a good sign for the share price

BREAKOUT

and finally the BREAKOUT has come and with that the share price has reached at one time over 50p not far away now

THE BREAK IS WORKING WONDER FOR THE SHARE PRICE now 51.75p +3.05p

going places this afternoon, gold price moving higher for the last couple days help