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.

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

risk/reward

Totally agree, rf.

Loads of buying now.....

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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Shouldn't that read lots of buying AND selling?

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

Check out L2 and understand AT trades!

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....

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

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).....

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

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

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....

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

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:((

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

This has to be the bottom.....I'm surprised it has dropped as far as it has.....unthinkable just a few months ago.....a walkout by 250 workers has the sp plunge by 20p or so.....crazy.....it just shows that any bad rumour will effect this sp.....somewhere along the line this has to rebound all the way back above 150p.....Egypt has always been pretty stable and except for the suez business ; a good friend of the UK !.

don't wish to be a scaremonger, but don't forget that the suez canal was nationalised .... that said, i think it is unlikely for CEY, but the market hates uncertainty .... thus to say sp CAN'T fall below 120, is very brave, even though it MAY BE unlikely .... i like this stock a lot, but i see no hurry to buy just yet

He who dares wins , this time next year we will be millionaires.

or fools rush in where angels fear to tread! .... in truth, i'm not sure at this moment, and with that in mind, when in doubt do nowt