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.

Q2 RESULTS 2014 AND MAIDEN INTERIM DIVIDEND

HIGHLIGHTS (1) (2) (3) (4)

Production
· Gold production 81,281 ounces, 9% higher quarter-on-quarter and 13% lower on the prior year period.
· Cash cost of production of US$783 per ounce, 5% higher than Q1 2014.
· Commissioning of the new Stage 4 plant proceeded well, with quarterly throughput at the Sukari process plant reaching a record 1,957KT and expected to ramp-up during H2 2014 to the expanded 10 million tonnes per annum (Mtpa) nameplate capacity.
· Unchanged 2014 guidance of 420,000 ounces at US$700 per ounce cash cost of production. Higher quarterly production rates are forecast for the remainder of the year as plant throughput increases and underground grades improve.

Financials
· Basic earnings per share 0.99 cents, down 47% on Q1 2014 and down 79% on the prior year period and EBITDA US$32.6 million; down 5% on Q1 2014 and down 49% on the prior year period.
· Centamin remains debt-free and un-hedged with cash, bullion on hand, gold sales receivables and available-for-sale financial assets of US$133.3 million as at 30 June 2014.
· Board declares a maiden interim dividend of 0.87 cent per ordinary share (US$10m total distribution)

Exploration
· Underground drilling at Sukari continues to support further resource and reserve expansion potential.
· Exploration drilling programmes continues in Ethiopia, Burkina Faso and Côte d'Ivoire.

Legal developments in Egypt
· 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.
· A new investment law (32 of 2014) came into force in April 2014 restricting the capacity for third parties to challenge any contractual agreement between the Egyptian government and an investor. Centamin understands, based on legal advice, that it is likely to benefit from this new law.

Aug 14; Canaccord; Hold - TP; 74p - Reiterates

Bugs Bunny and friends may hail the maiden divi
never mind that profits have almost halved, but sp holding up.

Aug 14: also

Panmure Gordon: Buy - TP: 90p
Westhouse: Neutral - TP: 60p

SP down after update

Investec Hold 69.15 69.90 62.00 70.00 Reiterates

Numis Hold 69.15 69.90 70.00 70.00 Downgrades

Canaccord Genuity Hold 69.15 69.90 74.00 74.00 Reiterates

Questor/Telegraph

Has any holder received the dividend which was supposed
to be paid out on 3 October?

Nope which is a bit strange.

"Maiden Interim Dividend and Key Dates
On 14 August 2014 the Company announced that the Directors had declared its maiden interim dividend of 0.87 cent per share (US$0.0087) on Centamin plc ordinary shares (totalling approximately US$10 million). The interim dividend for the half year period ending 30 June 2014 will be paid on 3 October 2014 to shareholders on the register on the Record Date of 5 September 2014.

The key dates with respect to the dividend are as follows:

EX-DIV DATE: 3 September 2014

RECORD DATE: 5 September 2014

LAST DATE FOR RECEIPT OF CURRENCY ELECTIONS: 12 September 2014

PAY DATE: 3 October 2014."

EDIT: I have sent a message to Selftrade to find out what's going on.

Yes into my nominee account.

Yes on the 3rd.

Have just checked my accounts. Above is correct as of 3rd Oct but only for my ISA acc. I also hold in a trading acc and no div paid there. Will also contact TDW.

yes thanks. It was credited on the Monday following. I'm with Share Centre.

Preliminary Production Results

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 2014. Total gold production for the quarter was 93,624 ounces, a 15% increase on Q2 2014 and 10% higher than the corresponding quarter in 2013. The expanded plant achieved nameplate capacity of 10Mtpa during the quarter, with the potential for throughput rates to increase further during subsequent quarters as the new plant is fully optimised. Underground and open pit average grades increased over the third quarter and are expected to improve further during the fourth quarter, driving increased gold production levels. Centamin therefore maintains its full year forecast of 420,000 ounces gold.

Open pit total material movement increased 16% on the previous quarter, to 11,406kt with the current daily ammonium nitrate ("AN") issue of 25 tonnes per day. Open pit ore production increased by 50% on Q2 2014 to 2,693kt. The run of mine ore stockpile balance increased by 14kt to 1,152kt at the end of the period. Discussions continue with government departments in relation to increasing the daily usage of AN in order to increase open pit mining rates to the required level to feed the expanded plant. Centamin believes approval is in its final stages.

Record quarterly throughput at the process plant was 2,388kt, a 22% increase on Q2 2014, reflecting the ramp-up of ore treatment through the new Stage 4 plant circuit. Commissioning activities proceeded well and the expanded 10 million tonne per annum nameplate capacity was consistently achieved during the period.

The underground operation delivered a record 248kt of ore, up 8% on Q2 2014 and in line with planned mining rates. Grades from development ore improved over the previous quarter, and production increased from higher grade stoping blocks.

Panmure Gordon Buy 60.38 90.00 90.00 Reiterates

Why don't people put a chart on the header of their thread's ?

Depends who 'they' are - some of us do! :-)

Went long yesterday. Loks best of the Med gold miners. Chart looks solid aswel with a short term base.

CEY CENTAMIN sprung into action today on excelent RNS upgrade. One broker as a med term target of 90p.

Have just received a reply from Selftrade:
"Please accept our apologies for the delay in response. The dividend was due to be paid on the 3/10/14, unfortunately, this was slightly delayed as Centamin paid the pooled amount by cheque in USD to our custodians which delayed the payment to clients. I can see that the cash payment is now available in your account."
Seems a bit strange, as some investors received their divi a while ago, but........ at least it has arrived!