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.

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.

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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

price of gold likely to rise as tapering unlikely to start before feb/march 2014 if at all.

The Breakout is working wonders for the stock another1.50p up this morning, after the spike to 53.60p at the start

Gold moving lower after the early spike

Has reached yesterday's spike and move a bit lower, but still up on the day by 0.25p

4 days chart

GOLD
JUST SPIKE TO $1331 +$15

Today's fall, was a bit xpected after the recent rally and Indicators a bit overbought specially ( Slow Stochastic )

Profit taking is on again today, as said above by " mondy " all the Indicators were at TOP and after such a large rise the share price gets into a position of .... sell some or all

Centamin plc Results for the Third Quarter and Nine Months Ended 30 September 2013

HIGHLIGHTS IN Q3 2013 (1).(2) (3) (4) (5)
· Gold production 84,757 ounces, down 9% quarter-on-quarter and up 39% on the prior year period.

· Basic earnings per share 2.72 cents; down 43% on Q2 2013 and down 51% on the prior year period.

· EBITDA US$43.1 million; down 32% on Q2 2013 and down 36% on the prior year period.

· US$11.9 million write down in relation to the investment in Nyota Minerals Ltd.

· Cash cost of production of US$693 per ounce, in line with 2013 full year guidance of US$700 per ounce.

· Stage 4 plant expansion (to 10Mtpa) remains on track for the bulk of commissioning to commence, and be completed, in the fourth quarter of 2013. Expenditure to date is US$318.3 million of the total unchanged forecast of US$325 million, including contingency, with the remaining balance to continue to be funded from cost recoveries.

· Operations are well placed to exceed full year 2013 guidance, provided on 14 March 2013, of 320,000 ounces at a cash cost of production of US$700 per ounce inclusive of fuel prepayments.

· Centamin remains debt-free and un-hedged with cash, bullion on hand, gold sales receivables and available-for-sale financial assets of US$156.4 million as at 30 September 2013.

· An updated resource and reserve statement is planned during the fourth quarter of 2013.

· Exploration results at Sukari and in Ethiopia continue to justify further drilling.

· Entry into a joint venture with Alecto Minerals plc in relation to Alecto's exploration licences in Ethiopia.

· The Supreme Administrative Court appeal and Diesel Fuel Court Case are both ongoing. Operations continue as normal and any enforcement of the Administrative Court decision has been suspended pending the appeal ruling.

more reverse perhaps

Is that the time to get in again?

yesterday had a good knocked as the Gold price felt $10, but by the end of the day it recovered and on top finished $10 at $1253.50p.

at 43.87p has twice reached the bottom of this retracement