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.

the population is out of control , and what does the Catholic church do about it ?

In the Philippines the government want's to have a birth control plan but the Catholic church has to much political power

Interim results due 1st Feb '11.

Egypt braces for further day of protests

Authorities in Egypt are bracing for the possibility of further protests, following two days of unrest that have left at least four people dead.

On Wednesday night, activists remained on the streets of the capital Cairo and of Suez, defying official warnings.

The government has said all the protests are illegal and has launched a crackdown, arresting some 700 people.

US Secretary of State Hillary Clinton has called on Egypt to "respond to the legitimate needs" of the people.

Damn....slipping.....just can't believe the graph here.....might get a rns from the company at this rate....

Good buy at 80p :-)

Thanks skinny...really cheered me up...

100p looks possible.

agghhhh....I hope not...

never thought I would visit Centamin again but at this rate its looking like a possibility

To me ...it's almost a screaming buy now.....

Bought some for my isa at 145p....thought that was good...not looking such a great buy now....If Cynic is in this and HOIL...he will not be pleased....

It is a good buy once all this politics settle... as there is nothing wrong with CEY.

This has got to be a good buy at 128p now... oversold.

i think (hope!) i agree with you for a change, though i don't like that sp has fallen solidly through 140 ..... until the elections are out of the way in egypt, i don't think there's any hurry to buy ..... i suspect all the ranting and raving will be shown to be a storm in a teacup, quite possibly fomented by the fundamentalists who have many adherents there

cynic or mubarak decides to check his swiss bank account early.

other than uk i only have one in bahrain, and that's 100% legit!

I can't hear the fat lady ! - Yemen protests: Thousands call on president to leave

Thousands of Yemenis are demonstrating in the capital Sanaa, calling on Ali Abdullah Saleh, president for more than 30 years, to step down.

This comes after mass protests in Egypt and a popular uprising in Tunisia that ousted its long-time leader.

From FT today:
"Risk premia to remain higher for some time; longer-term story still compelling.
Egypt in the headlines. Global emerging market Investors have re-focused on Egypt in recent days as the market has sharply underperformed the rest of EM. Recent market weakness has occurred following widespread protests, coming in the wake of dramatic political changes in Tunisia earlier this month.
Political uncertainty has risen. The NDP now appears likely to select a new candidate for presidential elections later this year. However in the wake of Tunisian unrest, investors are likely to demand a higher risk premium on their investments across the North Africa region
Political unrest does not necessarily equal equity rout. In four cases of severe political unrest in EM of recent years (Pakistan '99, Venezuela '02, Thailand '06 and Thailand '10), equity markets were surprisingly resilient.
Equity market not yet dramatically cheap. Despite lagging last year and early this year, Egypt does not look sufficiently cheap within CEEMEA to make for a compelling overweight case at this juncture. However given recent declines, it is probably late to sell aggressively: we would be neutral in Egypt within CEEMEA.

Longer term, Egypt continues to screen well. Longer-term, we view Egypt as an attractive market that scores well in terms of GDP growth, banking liquidity, demographics and valuations. Barring a highly disruptive political outcome, we particularly like Talaat Moustafa, Ezz Steel and the telecoms sector."

What about the gold mining sector . Minesite thinks the Lex column writer is a tosser as far as gold is concerned.

as i wrote a few weeks ago, i think bullion per se may well have run out of puff, and i now see that reiterated in the press .... i'm hardly prescient, for after all, gold had a phenomenal run during 2010

that said, it does not necessarily mean that ALL gold mining stocks will tumble ..... i am still of the opinion that once the nonsenses in egypt - and now of course that hotbed of fundamentalists in yemen - has died down, as assuredly it will, then a recovery here would (i hope) be very much on the cards