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Centamin Egypt : Worth waiting for... (CEY)     

pthwaite - 20 Sep 2004 10:27

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.

Chart.aspx?Provider=EODIntra&Code=CEY&Si

gibby - 02 Aug 2011 13:31 - 918 of 2354

yep - i'm having a great day here today - hope you are doing well also

gibby - 02 Aug 2011 13:32 - 919 of 2354

past 112 - only 1 thing for it...

yeeeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

gibby - 02 Aug 2011 13:48 - 920 of 2354

past 114!! plenty more here according to l2 - fill ye boots

aldwickk - 02 Aug 2011 14:29 - 921 of 2354

He who dare's win's , gibbo

halifax - 02 Aug 2011 15:46 - 922 of 2354

yes delboy!

HARRYCAT - 02 Aug 2011 16:09 - 923 of 2354

.

cynic - 02 Aug 2011 16:32 - 924 of 2354

you were very brave chaps but well done, though i hope you have taken at least partial profit

halifax - 02 Aug 2011 16:43 - 925 of 2354

closed at 110p where next ...90p?

HARRYCAT - 02 Aug 2011 16:49 - 926 of 2354

Yes, I agree that more downside to come.

required field - 02 Aug 2011 17:05 - 927 of 2354

Well, I shall go for an optimistic view and I think that the selling was way overdone.....could not watch all day so had to buy when I did, but not complaining... and we will back over 120p soon......anybody checked the price of gold lately ?....

halifax - 02 Aug 2011 17:08 - 928 of 2354

rf the price of gold is not the factor it's CEY's perfomance against targets that matter to investors, they are falling short.

kimoldfield - 02 Aug 2011 17:12 - 929 of 2354

Took profits a little too soon at 113. Not sure which way sp will go this week.

required field - 02 Aug 2011 17:14 - 930 of 2354

Yes, temporarily.....I'm convinced that today was a superb opportunity to jump in "a la" Gibby !

halifax - 02 Aug 2011 17:19 - 931 of 2354

crashed through 50 and 200 dma investors bailing out, too much risk and performance failure.

required field - 02 Aug 2011 17:20 - 932 of 2354

That is what sheep do......I never go by what other people do.....we shall see....watch this rise now.....

halifax - 02 Aug 2011 17:24 - 933 of 2354

rf the others have made their money and have moved on to better opportunities.

required field - 02 Aug 2011 17:27 - 934 of 2354

Are there any ?....it's terrible at the moment......I'm hardly doing any trading at all now but I reckon that a repetition of last year's rise is on the cards again....

halifax - 02 Aug 2011 17:31 - 935 of 2354

rf wake up small caps are going down stay in cash until the indicators turn up, may take some time.

required field - 02 Aug 2011 17:32 - 936 of 2354

$1642 and counting.....no stopping the yellow stuff at the mo.....

required field - 02 Aug 2011 17:34 - 937 of 2354

I'm not prepared to bank losses....patience has served me well before....I'm staying put on the ones I have and shall hope for the best......and I'm convinced that a serious rise is going to come....
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