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.

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

.

Second day rising or motoring as the rise has been pretty large both days

Yesterday's results was the reason of the bounce after being well marked down with the market

GOLD has spike and so has the share price of CEY

StockMarketWire.com

Centamin has agreed to make an off-market takeover for Ampella.
Under the offer, Ampella shareholders will receive one new Centamin share for every five Ampella shares held. Based on Centamin's closing share price of 44.31p on yesterday (9 December) and an exchange rate of £1=A$1.81, the offer values Ampella at A$40.9m or A$0.160 per share.

This represents a 113% premium to Ampella's last closing price of A$0.075 and a 77% premium to the 20-day volume weighted average price on the ASX, both as at 6 December, being the last trading day prior to Ampella's trading halt on the ASX on 9 December.

The acquisition of Ampella will add significant gold assets to Centamin's development portfolio, with c.2,200km2 of exploration ground in Burkina Faso, including the Batie West gold project which hosts the 3.25 million ounce Konkera Resource and c.1,200km2 of exploration ground across the border from Batie West in Cote d'Ivoire. Centamin intends to progress a substantial exploration programme at Batie West, aimed at developing the potential for further significant resource growth and realising the project's full value, ultimately through development of a sizeable producing operation.

Updated Resource and Reserve Statement

Highlights
· Total Measured and Indicated resource containing 13.4 million ounces (Moz) (previously 13.1Moz) comprising open pit resource of 12.6Moz and underground resource of 0.8Moz.
· Total combined open pit and underground reserve containing 8.2Moz, down 19% from 10.1Moz at 31 December 2011 due to mining depletion and increased mining and processing costs associated with a change from subsidised to international fuel prices.
· Open pit and surface stockpile reserve containing 7.7Moz.
· Underground reserve of 2.30 million tonnes (Mt), a 120% increase on 1.1Mt at 31 December 2011.
· Underground proven component of the mineral reserve of 0.52Mt grading 11.4g/t gold provides support that further higher grades will continue to be defined as drilling and development continues.
· Resource and reserve definition continues in parallel with expanding underground infrastructure, targeting high grade areas.