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.

that's what my wife said

Hope she thought your candle looked nice too!

she shut her eyes and refused to look ..... so i gave her a surprise

From Traders thread:

Goldman: Reiterated conviction buy, TP: Reiterated 290

Starting to look like a very cheap share with gold rising.....to me anyway.....

Yeah. I almost forgot about CEY. This does look extremely cheap now for a company producing gold.
Buying into this today.

Political uncertainty still holding this down, imo. Until that is sorted (sept I think), to the satisfaction of all, no hurry to get in here.

When Sept comes, CEY would not remain at this price.

I agree, but that assumes the elections go smoothly, with an acceptable outcome and the new political leaders don't then decide to change the tax structure or contract details. Don't forget that the government own 50% of the controlling company.

That's the point. They wouldn't want a company partly owned by them going down the drain.

no but they might think it was an ideal time to own 50%

sorry the other 50%

They can't just confiscate the other 50%.

It's not law of the jungle.

A glass half full or half empty......it's now on the rise that's all that matters.

hlyeo, I can think of a number of regimes that have been overthrown and the new government revoke the licences pending renegotiation. Not happened yet in the developed countries as far as I know, but never say never....!
Something, for sure, is depressing the CEY sp and it's not the price of gold, so if you don't like the 'political uncertainty' theory, what's your diagnosis?

Sharp rebound overdue here.......price of gold holding holding up well.....

Starting to rise....go baby go....

Are you still in bed rf? ;o)

No.....but only just....

lol....at his age????