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.

cynic or mubarak decides to check his swiss bank account early.

other than uk i only have one in bahrain, and that's 100% legit!

I can't hear the fat lady ! - Yemen protests: Thousands call on president to leave

Thousands of Yemenis are demonstrating in the capital Sanaa, calling on Ali Abdullah Saleh, president for more than 30 years, to step down.

This comes after mass protests in Egypt and a popular uprising in Tunisia that ousted its long-time leader.

From FT today:
"Risk premia to remain higher for some time; longer-term story still compelling.
Egypt in the headlines. Global emerging market Investors have re-focused on Egypt in recent days as the market has sharply underperformed the rest of EM. Recent market weakness has occurred following widespread protests, coming in the wake of dramatic political changes in Tunisia earlier this month.
Political uncertainty has risen. The NDP now appears likely to select a new candidate for presidential elections later this year. However in the wake of Tunisian unrest, investors are likely to demand a higher risk premium on their investments across the North Africa region
Political unrest does not necessarily equal equity rout. In four cases of severe political unrest in EM of recent years (Pakistan '99, Venezuela '02, Thailand '06 and Thailand '10), equity markets were surprisingly resilient.
Equity market not yet dramatically cheap. Despite lagging last year and early this year, Egypt does not look sufficiently cheap within CEEMEA to make for a compelling overweight case at this juncture. However given recent declines, it is probably late to sell aggressively: we would be neutral in Egypt within CEEMEA.

Longer term, Egypt continues to screen well. Longer-term, we view Egypt as an attractive market that scores well in terms of GDP growth, banking liquidity, demographics and valuations. Barring a highly disruptive political outcome, we particularly like Talaat Moustafa, Ezz Steel and the telecoms sector."

What about the gold mining sector . Minesite thinks the Lex column writer is a tosser as far as gold is concerned.

as i wrote a few weeks ago, i think bullion per se may well have run out of puff, and i now see that reiterated in the press .... i'm hardly prescient, for after all, gold had a phenomenal run during 2010

that said, it does not necessarily mean that ALL gold mining stocks will tumble ..... i am still of the opinion that once the nonsenses in egypt - and now of course that hotbed of fundamentalists in yemen - has died down, as assuredly it will, then a recovery here would (i hope) be very much on the cards

I did tell you under 100p on way.

.

so Mr Tanker, did you short them?

This is about an hour old - Egypt's stock market temporarily suspended

CAIRO, Jan. 27 (Xinhua) -- Egypt's stock market EGX 30 closes down at 10.52 percent drop, the second biggest decline in Egypt's exchange history.

Trading resumed on Egypt's stock marked after a 30 minutes suspension early Thursday, however upon resuming a sharper drop took place.

The broader EGX 70 dropped by 15.42 percent.

The Egyptian stock exchange is suffering broad declines due to fear over the ongoing demonstrations inspired by the Tunisian popular protests, asking the oust of the Egyptian President Hosni Mubarak.

Telegraph latest: Questor share tip: Strife presents buying opportunity at Centamin Egypt

http://www.telegraph.co.uk/finance/markets/questor/8285951/Questor-share-tip-Strife-presents-buying-opportunity-at-Centamin-Egypt.html

rather you than me gunga din.

buying or selling?

cynic political risk not acceptable at the moment.

i agree .... i wouldn't buy for now either, though as i already hold, shall continue to do so

What price are you holding at ? I sold all mine @ 160 and bought back 40% @ 139

seemingly 142.5 but i too have traded the stock (profitably) several times over the last year or so

Am a great believer in banking profit on the way up after taking a big, mostly paper lose 75% of my portfolio in the banking crises. I even sold CEY @182 but only a very small amount.

you and i think along similar lines, unlike many here who think both that a share can only (continue to) go up and that to bank a profit (real money) is a sin

re - you and I think along similar lines

I heard you two falling in love online many times already

You two also wear the same dress code black and a hat most likely