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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

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.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

dealerdear - 18 Feb 2011 15:59 - 692 of 2354

'minimal' - interesting word

Obviously trying to stop the sp drop

cynic - 18 Feb 2011 16:04 - 693 of 2354

glad i sold out about a week ago, merely because a bit of general liquidity felt to be no bad thing

required field - 18 Feb 2011 16:06 - 694 of 2354

Bought more sub 120p.....delighted !......check out latest rns via Skinny above.....it's at times like this that the best profits can be made.....super price.....

required field - 18 Feb 2011 16:10 - 695 of 2354

At this price you have to be nuts not to jump in.....

dealerdear - 18 Feb 2011 16:14 - 696 of 2354

But people are aware that they will have to hold over the weekend which will probably stop any rise today

risk/reward

hlyeo98 - 18 Feb 2011 16:14 - 697 of 2354

Totally agree, rf.

required field - 18 Feb 2011 16:16 - 698 of 2354

Loads of buying now.....

Stretch64 - 18 Feb 2011 16:17 - 699 of 2354

From iii


CAIRO Feb 18 (Reuters) - Centamin Egypt (CEY.L: Quote) said on Friday a sit-in of workers at its Sukari gold mine was minor, involved about 50 people out of a staff of 850 and had not disrupted operations in any way, a spokesman said.

"We are dealing with a handful of people but the most important thing on this is that operations of Sukari are not impacted in the slightest," Centamin spokesman Bobby Morse told Reuters, adding that the firm was seeking to establish what was behind the industrial action.

Egypt's state news agency had earlier reported that more than 250 workers at a gold mine operated by Centamin began a sit-in to demand better pay and a switch from Australian to Egyptian ownership. (Reporting by Edmund Blair)

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ptholden - 18 Feb 2011 16:18 - 700 of 2354

Shouldn't that read lots of buying AND selling?

required field - 18 Feb 2011 16:18 - 701 of 2354

No.....check out the blues.....

ptholden - 18 Feb 2011 16:20 - 702 of 2354

Check out L2 and understand AT trades!

required field - 18 Feb 2011 16:22 - 703 of 2354

More blue than red by a mile......why argue with me : I'm right,... this will rebound heavily.....if not today....in the next week or so....

ptholden - 18 Feb 2011 16:24 - 704 of 2354

Why argue? Because you don't understand the Order Book.

required field - 18 Feb 2011 16:26 - 705 of 2354

Can't see it for a start and not bothered.....I go by the nature of the stock.....and the charts and what it's worth......not bothered what other people do.....(most get it wrong).....

dealerdear - 18 Feb 2011 16:30 - 706 of 2354

Perhaps that's why some of your investments don't go as planned rf

HARRYCAT - 18 Feb 2011 16:30 - 707 of 2354


Flying by the seat of your pants then, rf? ;o)

required field - 18 Feb 2011 16:31 - 708 of 2354

Have to say that this moves with sentiment and the spot price of gold....so I have to hope that keeps up....that is essential for a good revival....but so far so good....

required field - 18 Feb 2011 16:32 - 709 of 2354

Some investments have gone pearshaped....that happens ...DES...agghhh....but at the moment I'd say eight out of ten are doing fine.....

Balerboy - 18 Feb 2011 16:39 - 710 of 2354

Nothing wrong with flying by seat of pants Harry.......just need a good wash every now and then!!!....lol my 168p looks crap at the mo:((

halifax - 18 Feb 2011 16:50 - 711 of 2354

Talk of nationalisation will go down well with the "deprived" masses.
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