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.

wrong logic ..... sp went up because there was a string a encouraging RNSs

anyway, technical bounce need from here if 200 dma at +/-145 not to be challenged .....

They can still stock pile the gold ore like GFM did with mined Zinc for about 2 months and they might get a higher price for it.

dear oh dear!
i thought it was just me who didn't bother to read things properly, but clearly you don't either ..... do yourself a favour and read latest RNS about production shortfall!!

I don't bother with miner [ pun ] details like that

for once you should - lol!

have contemplated and sold out at minimal profit ..... there doesn't seem to be a good reason to keep holding and sp is more likely to slip further in coming weeks/months

May be of interest:

http://www.telegraph.co.uk/finance/markets/questor/8000282/Questor-share-tip-Trouble-at-tmill-makes-Centamin-Egypt-a-hold.html

but assuredly not a BUY

contrarian that I am and having sold too early a couple of months ago I'm looking to get back on board. However I'm waiting for a little more pullback first.

MML is the one along with CLF.

150p+ is possible, imo. I would be surprised if it gets lower than that.

(Rf, time to get OUT of MML, not in.)

Why...gold is soaring....running my profit there....

I would have said buy this but the cap is high plus bad news as production not as much as expected.....perhps a bit later on...but CLF and MML look very promising....

28% INCREASE IN SUKARI PROVEN AND PROBABLE RESERVES

Centamin, the gold mining group with operations in Egypt, is pleased to announce
an increase in the Sukari proven and probable reserves to 9.1 million ounces Au,
an increase of 28%. This follows the re-optimisation of the measured and
indicated component of the resource base at a $900/oz gold price. A summary is
as follows:
cyril

Commenting on the revision, Josef El-Raghy, Chairman of Centamin, said:

"Since February 2010, Centamin has added a further two million ounces of gold
reserves to the Sukari project. The additional grade control and the ongoing
pit optimisation work continues to demonstrate the robust nature of the Sukari
orebody. We believe that the orebody remains open to the north and at depth,
and we will continue to drive additional growth to Sukari's reserves and
resources as the drilling campaign continues."



cyril

Seems to be responding well to that news :)

the market does not like companies that come up short of projected earnings and similar

ah well - looks like I missed the boat - more money into MWG instead.

Not sure.

Have just seen the new RNS
"Centamin, the gold mining group with operations in Egypt, is pleased to announce an increase in the Sukari proven and probable reserves to 9.1 million ounces Au, an increase of 28%. This follows the re-optimisation of the measured and indicated component of the resource base at a $900/oz gold price.
Josef El-Raghy, Chairman of Centamin, said:
"Since February 2010, Centamin has added a further two million ounces of gold reserves to the Sukari project. The additional grade control and the ongoing pit optimisation work continues to demonstrate the robust nature of the Sukari orebody. We believe that the orebody remains open to the north and at depth, and we will continue to drive additional growth to Sukari's reserves and resources as the drilling campaign continues."