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.

Yes - ouch indeed!

Strange though that when good news appears, the sp barely moves as the news is ' already in the price'. When bad news hits the presses, the sp tanks regardless. Surely the decline from 180/190 over the last 10 months has factored in the trouble and subsequent decline in production?

Glad I switched over to HGM, but that's not doing fantastic either....and POG have taken a knock as well....awful market conditions....

that's awful ..... i haven't held these for a while but watch consistently ..... i saw the headline and thought they were going to rocket

Topped up at 115p,over-reaction by market imho?

This is a good opportunity to buy in.

i would tend to agree except the markets at the moment are looking gloomy indeed ..... specifically for CEY, there are still the elections to come and there is a fear that Muslim Brothethood (strongly fundamentalist) will gain more than a toehold ..... imo, it will not make much difference to CEY itself, though there may be some shift of m/e dynamics in general

Looks like i was a bit premature(once again,lol, offering 2.5p less.doh)

Centamin Egypt Limited will host a conference call on Tuesday, 02 August 2011 at 11:00am (London, UK time) to update investors and analysts on its quarterly results.

A live audio webcast of the call will be available on: http://mediaserve.buchanan.uk.com/2011/centamin020811/registration.asp

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Seem's the trouble they are having getting explosives for blasting is why the price as dropped.

Chart not much help for support level.

Chickens are running headless now... lol.

Down 20%...

It's ridiculous to sell now for the sheer drop, people panic and sell without thinking.
It's the time to buy... bought some at 106p

Just caught a falling knife @107p , no blood yet

I guess nerves got a hold on people this morning.

Jumped back in ......might not have got the lowest point but 108.5p average sounds good to me......

The gold is still in the ground rest assured.

The market is overreacting on everything now....not for this but some times good news sends the sp down : look at Rockhopper...5000 to 9000 barrels per day and it drops ?...madness....so I'm expecting a strong rebound here on this unhedged gold producer....