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.

politicaly to risky sell .turning into enough iran .

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EVO Securities comment
The most important part of todays release is that Centamin has reiterated its previous gold production guidance of between 200,000 210,000oz at a cost of US$550/oz. The group will need to produce at least 57,000oz in Q4, but this doesnt seem too much of a stretch given that the blasting issues have now been resolved. We therefore see this target as achievable.
DETAILS Centamin Egypt has reported its preliminary Q3 gold output with the full financials expected on 31 October. The group has produced 50,539oz of gold during the quarter, a 5% increase on Q2. Post the blasting issues which the company faced in Q2 and early Q3, underground and open pit production rates returned to budgeted levels in July. At 964,000t, plant throughput represented a quarterly record. Importantly, Centamin has been able to increase its run of mine stockpile during Q3, which should give the group more flexibility in the future.
VALUATION AND RECOMMENDATION We reiterate our Add recommendation and our 142p target price.

got it wrong looking at the wrong message i have been told to buy so just started to buy with 3729 and will now keep adding till 160p

have added a few more 140p by next week me thinks

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mna have faith it will be 140 soon

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the profit takers are gone now move up

things might start to get interesting .
is there a bid coming . .
what would be the bid sp .

looking at my buys no stamp duty.

they will open higher tomorrow

mms not getting enough sellers

interesting times here right now

the rich in egypt are speaking out they have told there would be leaders that they need to restore order and confidense back in there country quickly or lose the tourists for a long time which is the only way to get the people back to work.
the elections will need to be quick ,

hotels and resorts are nigh on empty the people are hungry they need tourists to come back . but they will not till back to normal.

it will be more worrying still if the muslim brotherhood get control

then there would be a blood bath but they will NOT

well i wont be visiting there anytime soon - glad didnt buy any cey yesterday - but it sure getting better here prodction up and i seem to remember at a avg cost give or take about 500 bucks / ounce - NICE

hoping for some more weakness here