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.

Centamin plc Results for the Second Quarter and Six Months Ended 30 June 2017

Centamin plc ("Centamin", the "Group" or "the Company") (LSE: CEY, TSX: CEE) is pleased to announce its results for the second quarter ended 30 June 2017.

Q2 2017 Operational Highlights (1),(2)
· Gold production of 124,641 ounces was a 14% increase on Q1 2017 and 11% lower than Q2 2016.
· Cash cost of production and all-in sustaining costs (AISC) remain well controlled resulting in unit cash cost of production of US$609 per ounce and unit AISC of US$829 per ounce sold.
· Full year 2017 guidance maintained at 540,000 ounces, with US$580 per ounce cash cost of production and US$790 per ounce AISC.
· Record quarterly throughput of 3.06 million tonnes from Sukari process plant, an increase of 5% on Q1 2017 and of 4% on Q2 2016 performance.
· Amun / Ptah underground operations delivered 293kt at a grade of 8.79g/t to the ROM pad with mill feed from underground of 276kt at 7.74g/t during the period.
· Record open-pit material movement of 17,493 million tonnes. Mining of the east wall cutback was completed during quarter as planned, allowing open-pit mining to move to higher grade sectors.
· Continued positive results from underground exploration drilling at Sukari at both Amun / Ptah and Cleopatra.
· Development of the Cleopatra exploration decline, located in the north-east of Sukari Hill, advanced 407 metres. Encouraging initial results from diamond drilling over 5,231 metres.

Financial Highlights (1),(2)
· Interim dividend per share of 2.5 US cents, a 25% increase on 2016 interim payment and in line with Centamin's stated policy of returning free cash flow to shareholders.

· EBITDA of US$66 million up 24% from Q1 2017 due to an increase in both sales volumes and average realised gold price.

· Strong cash flow generation with free cash flow generation of US$50.8 million year to date.

· Cash at bank, bullion on hand, gold sales receivable and available-for-sale financial assets as at 30 June 2017 of US$333.6 million.

· The Egyptian state has benefitted directly from profit share payments to EMRA of US$41.2 million during H1 2017 (in line with guidance for 2017) in addition to US$8.7 million in royalty payments.

· Quarterly basic earnings per share (after profit share) of 1.10 US cents, a decrease on Q1 2017 due to non-cash and non-recurring items as well as higher profit share payments.

Panmure Gordon today reaffirms its buy investment rating on Centamin PLC (LON:CEY) and set its price target at 180p.

HOC, has announced today, lower profits and a large drop in share price 277.95p -39.05p -12.32%

Will support be @ 140p, the last Interim was not positive on the production front and share price is now under 50 and 200 days MA

Took a a punt on the stock @ 152p as gold price moved well up late yesterday.
A closing bullish candlestick yesterday.
So far has been bouncing from this areas provided the gold price hold also.

Needs to be 170p or above for me to be a happy gold bunny!😬

Gold shares 3 month chart

HOW THEY ARE PERFORMING AGAINST EACH OTHER

another good move up today to 156.25p

things are looking better on the charting front

Rising from the lower Bollinger Band ( buying place )
MACD - rising and ready to cross "0" divergence ( bullish )
rest of Indicators also rising from oversold.

Gold Prices going places today as goes over $1300, now look for $1380

Gold Price $1,312,200 +$19.40
------------------

http://www.elbalad.news/2913174

483kg shipment arrived tonight at Cairo Airport from Al-Sukary.

Excellent shipment.

Gold shaken from its slumber by mysterious 2,000,000 (2 million) trade.

bloomberg.com - Gold shaken from its slumber by mysterious 2,000,000 (2 million) trade.

Share price moving along to 158p as Gold price has moveed higher yet again to $1,323

Gold's chart breakout creates excitement - Alistair Strang | 30th August 2017 -

It's easy to forget about gold - we've two Golden Retrievers and neither ever bring any back! But the price of gold has recently started to exhibit signs of waking up with the result that short positions are liable to melt away. As the chart shows, the price has now bettered the downtrend since the highs of 2011 and, thus, some growth can be anticipated.

There's a little caveat, one liable to be important. The price of Brent crude also bettered a major downtrend and has since tended to flutter around rather than actually showing real growth.

As a result, we're a little nervous about the break upwards gold is showing and - similar to Brent and its trigger level around $56 - we'll not take gold too seriously unless the price actually betters $1,342 an ounce.

In such an event, our inclination shall be to cough politely and mention $1,384 as the next major point of interest, perhaps even $1,470 longer term.

Near-term, our outlook against gold suggests anything now above $1,327 should challenge an initial $1,336 with secondary, if bettered, at $1,342.

And only if $1,342 is bettered does the Big Picture suggest it has bottomed (for now) and future growth will make sense.

If trouble with the price of gold is planned, it requires to drop below 'blue' on the chart - currently $1,264. But, for now, we shall be watching for $1,342 making an appearance as, if this level is bettered, it will tend to indicate some happy daze ahead for gold miners.

As the GOLD price is rising (today $1333 +$9 ) for the last few days, CEY share price has today has also go up for a change

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

LARGE DROP TODAY

Quartely re - balancing
The major impact is usually the Thursday before the Friday rebalancing. In the two previous rebalances CEY was rising and held its holding in the March rebalancing and was reduced in the June one. Watch for large volumes today and tomorrow for rebalancing confirmation

Previous examples :
Thurs 16/3/17 close 174p +1.7 vol 20.38m
Fri 17/3/17 close 174p vol 32.6m
Thurs 15/6/17 close 164.10 -8.6p -4.98% vol 13.34m
Fri 16/6/17 close 165.6p +1.5 +0.91% vol 66.3m

Bought some at 141.40p

Had a large drop for the last few days as it was moving down after reaching the last high 159.60p, with a floor around 140p most of yesterday afternoon. Gold price had since yesterday bounce back. Results due on 3 weeks time and expecting to be good.

Is going places now on moving to 144.40p + 4.40p (+3.14%)

on a very strong order book on the bid side

Nothing is going places now when Mr Kim is ejaculating his missiles.

Check your pans then

Mr?
more like a fat C#nt