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.

looked at a longer term chart and 140 looks a safer entry point, but that may be a bit greedy

Well, there could be a bounce back as CEY is just down due to a couple of wagheads who burn themselves...LOL.

indeed, but not desperate to buy anything at the moment

Well, some good news below...



Individuals from Zine El Abidine Ben Ali's clan had been detained in the past few days as they tried to leave the country, according to the reports.

Footage of watches, jewellery and international credit cards seized during raids on the family members' properties has been shown.

Meanwhile, officials have launched a probe into whether the former president and his family had plundered the country's resources.

Swiss officials say members of the Tunisian government have put about $620m into Swiss banks, according to a report by the Associated Press news agency.

And the anti-corruption group Transparency International France has filed a legal case alleging corruption by Mr Ben Ali and his wife Leila Trabelsi.

Mr Ben Ali, who led the country for 23 years, fled last Friday following days of mass protests.

Protests have continued today outside the headquarters of the ruling RCD party.

An interim government has been installed and all ministers who belonged to the former president's RCD party have quit the feared organisation.

The prime minister and president left the party this week and the new government says it has freed the last of political prisoners.

Ministers hope the move will bring an end to days of street protests in the capital Tunis, and restore credibility to the government.

bought a few back @145.20

Ditto,... bought quite a few.....drop now way overdone...any rebound in gold will send these back to 170p..might have caught a diving knife but this looks like a rebounding rubber ball....that could and should go way past our entry around 145p....

The way I look at it is : that any pullback in gold will bring out buyers in the end because.....gold just has to go higher and instead of forex...I reckon people will jump back into this like a currency.....

Wonder if cynic as bought any today ?

And were is my old mate TFC ?

Unless you watch it all the time...difficult to time your entry, but this now looks like a bargain......always do the opposite of others if the share is a good one...

hi aldo ..... no i haven't .... was quite tempted a moment ago, but there's an awful lot of stock on offer so held fire

==========

but then did, perhaps a bit prematurely at 142.5 ..... worked on the premise that there shouldn't be more than say 5p downside

Topped up again......just got to turn around otherwise more medals than the UK diving team at the olympics.....

Have a look at this:

http://www.thestreet.com/_yahoo/story/10979943/1/gold-prices-slammed-by-brazil-rate-hike.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Not sure of the best time to be looking at FTSE futures figure, but currently -91 for the morrow, so may be best to have a look at 07.00 hrs friday and to judge then if there is more downside to come.

http://uk.ibtimes.com/articles/20110120/china-overheating-fears.htm

The first trigger has come with confirmation that Chinas economy grew by 10% last year, with the obvious conclusion that it is bubbling out of control and requires some serious fiscal tightening. This has clearly negative implications for the mining sector, with the chief victims today being Mexico focused Gold and Silver miner Fresnillo (FRES), Kazakhmys (KAZ) and Centamin Egypt (CEY). Their shares fell by as much as 5%.

harry - you're behind the game .... dow has recovered well and is now slightly postive, so ftse cash is +25/30

Agreed. The point I was trying to make was that looking at futures before the open tomorrow may give a good indication of what is going to happen in the morning trading session and therefore be a guide as to whether CEY is going to drop further.

05:35 - cash indicator is +6

This is truly a discount for a gold counter.

Did you all get in yesterday, guys? It's on the up now.

Yes in at 143