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.

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

Then it might not be, who knows.

If you had listened to me the other day you probably have a few grand under your belt.

Tight stop losses though. Very volatile.

But just look at the charts, even though the gold price as been friting about, theres been a marked trend chart turn up from about early December.

That cannot be ignored. It suggests a bottom is in at the very least.

i'm not a fan of CEY though i did well enough out of them a couple of years back

but then if you'd played with the dow as i have for the last few days, you'ld have made plenty too

Looking good Houston.

Van Eck Associates Corporation > 15%

CEY UPGRADE........

22 Jan 2015 Centamin PLC CEY Investec Hold 70.55 70.35 49.00 68.00 Upgrades

Van Eck Associates > 16%

Looks like a golden cross.

Annual Results

Operational Highlights(1),(2)
· Full year production of 377,261 ounces, a 6% increase on 2013, with Q4 2014 production of 128,115 ounces representing an increase of 37% over Q3 2014
· Full year cash cost of production of US$729 per ounce, with Q4 2014 cash costs of US$655 per ounce
· Stage 4 plant expansion completed with total project expenditure US$331.2 million
· Process plant throughput exceeded nameplate 10Mtpa capacity in Q4 2014
· 2015 guidance of 420,000 ounces gold at US$700 per ounce cash cost of production and US$950 AISC
· Underground drilling at Sukari supports further resource and reserve expansion potential
· Exploration drilling programmes continue in Ethiopia, Burkina Faso and Côte d'Ivoire

Financial Highlights(1),(2)
· EBITDA US$165.4 million, down 29% on the prior year
· Basic earnings per share 7.21 cents, down 57% on prior year
· Centamin remains debt-free and unhedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$162.8 million at 31 December 2014
· Proposed final dividend of 1.99 US cents per share (approx. US$23 million); total 2014 dividend of 2.86 US c/sh

Legal Developments in Egypt
· The Supreme Administrative Court appeal and Diesel Fuel Court Case are both on-going. 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 decisions are reached. Operations continue as normal and any enforcement of the Administrative Court decision has been suspended pending the appeal ruling.