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 must have closed his FLYB short aldwickk, today is the first day for about three weeks that he hasn't been all over that thread like a rash. That is if he was ever really short in the first place!

Was bragging on the BVIC thread yesterday that he was 90% successful on his trades. So logical that this one, MKS and well down on FLYB if true he is actually short obviously constitutes a percentage of the 10% of trades, he gets wrong. Simples :0)

only gloat when you've actually banked profit :-) .... but yes, i do agree that claiming 90% success rate really does stretch credibility .... nevertheless, he is actually pretty good on these things, as are skinny and shortie on indices

>>>>> Sorry to dissapoint you aldwick was stopped out of them 3 days after buying.

I heard that before, specially if share price has suddendly has come down

>>>>> 90% successful on his trades.

So believe half and then half of that and so on
It remains me of SANTIGOLD LYRICS

Big mouth, big mouth, quiet now, you said enough
Got a big mouth, big mouth, my my my,


So kick him while is down, you are not alone in doing so

Sometimes the best trade is the one you don't make. I deliberated buying CEY @ 54/56p thinking that all the bad news was priced in but I couldn't convince myself and if in doubt stay/get out is my mantra. Anyone talking about a 90% success rate at trading is deluded - if you can consistently match or beat the market even by a small margin then you are doing very well, but that in itself is difficult.

I meant using margin for gods sake.

By the way spot the double handle LOL.

cnbc - Gold firms plan drastic cuts as bullion sinks.

Gold firms plan drastic cuts as bullion sinks.

Q3 2014 RESULTS

HIGHLIGHTS (1) (2) (3)

Production
· Gold production 93,624 ounces, 15% higher quarter-on-quarter and 10% increase on the prior year.
· Cash cost of production of US$771 per ounce, 1.5% lower than Q2 2014.
· The process plant at Sukari saw record quarterly throughput of 2,388kt and the expanded nameplate capacity of 10 million tonnes per annum (Mtpa) achieved in September.
· 2014 guidance of between 370,000 and 380,000 ounces at US$700 per ounce cash cost of production.

Financials
· Basic earnings per share 1.39 cents, up 40% on Q2 2014 and down 49% on the prior year period.
· EBITDA US$37.8 million, up 16% on Q2 2014 and down 12% 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$140.3 million as at 30 September 2014.

Exploration
· Underground drilling at Sukari continues to support further resource and reserve expansion potential.
· Exploration drilling programmes continue 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. Centamin is aware of the potential for the legal process in Egypt to be lengthy and it anticipates a number of hearings and adjournments in both cases before a decision is reached. Operations continue as normal and any enforcement of the Administrative Court decision has been suspended pending the appeal ruling.

Just peeping above the 200ma.

April gap nearly closed, Skinny.

Yes - 66p would do for me.

Q4 2014 Preliminary Production Results on Thursday - Financial Calendar

015 Production Guidance and Q4 Production Results

Centamin is pleased to announce preliminary production results for the quarter end 31 December 2014 and 2015 production guidance from its Sukari Gold Mine ("Sukari") in Egypt.

Total gold production for the quarter was a record 128,115 ounces, a 40% increase on the corresponding quarter in 2013 and 37% higher than Q3 2014. This brings full year production to 377,261 ounces, a 6% increase on 2013 and within revised guidance of between 370,000 and 380,000 ounces.

Record quarterly throughput at the process plant was 2,597kt, a 9% increase on Q3 2014 and above nameplate capacity of 10Mtpa, with potential to increase further during subsequent quarters as the new plant expansion is fully optimised.

Open pit total material movement increased 21% on the previous quarter, to 13,804kt following the government approval during the quarter for the required increase in Ammonium Nitrate (AN) usage. Open pit ore production increased on Q3 2014 by 53% to 4,123kt and average grades mined increased over the third quarter. The run of mine ore stockpile balance increased by 1,021kt to 2,172kt at the end of the period.

The underground operation delivered a record 284kt of ore, up 15% on Q3 2014.

more..

Well there is my 66p.....

Now you have to choose between greed and contentment!

I sold half @66.05 - so hopefully both!

StockMarketWire.com
Centamin has appointed Andrew Pardey as chief executive. He will join the board as an executive director from 1 February. Interim CEO Josef El-Raghywill continue in his role as chairman.

Pardey was appointed chief operating officer in May 2012 after holding the position of General Manager - Operations at the Sukari Gold Mine since 2008 and was instrumental in the successful transition of the operation through construction and into production.

Pardey holds a BSc in Geology and has over 25 years' experience in the mining and exploration industry, having previously held senior positions in Africa, Australia and other parts of the world with AngloGold Ashanti, Guinor Gold Corporation and Kalgoorlie Consolidated Gold Mines (KCGM).

68p decision time.

Why? Id go for the former top at 74p and get a stop under it in case resistance rejects it. Short term MA as crossed 200day MA so momentum is in your favour. Have I missed something, must admit I havent got my readers with me.

if gold is just a funk hole because of the swissie, then the rally could be short-lived