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.

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

pity you didn't do that with eog....

BBC NEWS

Egypt's ruling military council says it will not tolerate any more strikes which disrupt the country's economy.

State television carried a statement in which the military said strikers would be "confronted".

just spoken to my ex-pat pal in bahrain ..... saudi employer advises no commuting as very strong rumour that causeway will shut later today ..... rather less factual - many of the shiites (and their arms) are believed to have come from saudi

Nobody can be 100% sure where the bottom is, but you can be sure that the sp is going to go way above what it is today in the next few weeks or months....so an investment at 123p on monday is probably going to be around 140p to 150p sooner or later......to me that is a good return.....it does not matter whether this drops a bit more because it will bounce back....it just will....

To many who are not holders of this stock which includes me. Greed is shouting spread bet buy order 130ish, fear sell order 110ish. For me almost sane (between bouts of dementia) good luck guys!

If a real "revolutionary" goverment is elected by the Egyptian people they will have to give them a greater share of the economy, this could include nationalisation, as has been the case throughout Africa in the past. Cynic is right the safest position is to stay on the sidelines until the "dust" settles.

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The elections are going to be held when ?.....sepember I think.....some way off...and who says there will be talks about nationalisation ?....months down the line....

Nationalisation , thats the last thing they want it will drive investment away. Even small African country's know that apart from Zimbabwe. Could they run a large gold mine without help and aid from the US and UK wound be cut at a time when they need it.

they don't seem to have made a bad job of the canal!