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.

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!

A rebound is overdue.....that's the bottom line.....expect gold and oil to shoot up.....

You said that on the 18th Feb! It's since gone down another 20p!!!!
Apparently (if you are a teenager) the new buzz word is 'Chillax'. Might be a good idea, rf? !!!

meanwhile, libya being the obvious exception, all seems to have settled down, though to say "back to normal" would be premature

I can't get everything right, in fact with football betting : I think I'm cursed......but I'm sure CEY is a good bet over a period of time....perhaps over a short period as well.....not nice to hear about people being killed in Libya......for pete's sake....there just venting a bit of anger.....nobody should use machine guns against poor people....nobody......

Cynic

it was built by the French and it only needs i little maintenance to keep it flowing

you mean like the london sewers?

Ahhh....monday morning blue opening....nothing better.....

Egypt re-opens museums and sites to draw back tourists


Egypt has re-opened many of its museums and historical sites which had been closed since the civil uprising started in January.

Tourists visiting Cairo's Egyptian Museum, which houses Tutankhamun's golden death mask, were welcomed by staff with roses.

The museum stands on Tahrir Square, the focus of the unrest, and some artefacts were stolen or damaged.

The upheaval is said to have cost the tourism industry $800m (500m).

The usually busy galleries of the Egyptian Museum were virtually deserted when doors opened on Sunday, Reuters news agency reports.

"It was very important for us to open the museum to stop the rumours like 'the mask of King Tutankhamun was stolen' or there had been an orgy of looting," said museum director Tarek El Awady.

"This is a chance for visitors to see for themselves."

One tourist, Dutch supermarket worker Sandra de Rooij, said she and others had ventured out after assurances from tour operators.

"We gambled, we didn't know the museum would be open," she added.

Canadian tourist Barbara Bonkowsky said she had been "determined to come and see the museum in a new Egypt", after the downfall of President Hosni Mubarak.

the new gov will take back contracts be aware

Cynic

The French didn't build the London sewers

You cannot break international agreements just like that......the mine is undervalued...point final (french accent).....

TANKER

Is that a fact ?

aldo - no shit sherlock .... try bazalgette, who sounds like a bloody frog anyway!
rf - which history books have you (not) read?

RF who will stand in the way of a new goverment answer NO ONE . they will not let the gold leave the country . just watch the moves by the new gov

T - so what you are saying is what you FEEL, though that is not really based on anything factual .... in fact, though it is not impossible that CEY and other assets will be nationalised, my own FEELING is that that will not come to pass .... i base that on my reading of the whole episode in egypt and the reasons for it, none of which were based on a nationalistic movement

fyi, on reflecting over the w/e and looking to see how things were panning out across the region, i bought back into CEY this moring with a 50% stake