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.

What's happening tomorrow ?

Halifax

Off topic , are you still holding PAL i think they might be on the move up again broker reports are still bullish .

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Political risk, the capital cost estimate for the Stage 4 development is 42% above the scoping study estimate of $179m, production is down and cash costs are 15% up in the last quarter. Markets are also in decline at the moment, so would expect more downside at the moment. Will be interesting to see what their average sell price for gold will be at the end of the next quarter.

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Live Gold Chart.

Well, I don't know about you lot but I'm getting slaughtered with my holdings.....I cannot believe that POG is crashing with gold rocketing......

Don't panic rf! It's only a loss when you sell. Sit tight and wait for autumn when markets should traditionally perk up.

Thanks....I try and sail through these bleak times.....wish I saw this coming....

there is a big order in the wings do not sell it is being worked down for them .

The gold price is to do with the dire market conditionsimo and a lack of confidence,hence the poor SP performence. Yesterdays trading in CEY is a warning
that the market will NOT TOLERATE any iffy news , sheer panic set in.

CEY seem to have unduly delayed reporting the blasting inspectors delay. I thought a material impact like that required prompt market update.

Not my bold!

We have a World class Gold mine with a massive amount more to be mined , its just a matter of staying calm and avoiding any knee jerk reaction's.

Mubarak's (and others) trial starts today. May herald the end of a troublesome era.

Bold Off :-) or maybe not!

Totally agree,this has 2+ written all over it. Present SP the result of panic selling in theis dreadful market? which will present some excellent buying opportuenties imho?
For me a requirement is to purchase producers and a some worth checking out are AYM(via LIM),WTI,GFM and PTR,these are non PM stock,which are ready to respond to the Assian demand.
aimho

Cyril - you need to turn bold off after your "iffy news" text in post 951.

Most of the sell's now seem to be small retail trade's

i don't think there's much buying enthusiasm for anything other than sick bags

SHARES today, CEY in 'The Rumour Mill'........bid chat.......it is a high-risk proposition but market talk suggests miners are already running the numbers on CEY. BUY at 105.8p

This comes from Dan Chatsworth who has given me many good leads!