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.

glad i bought in yesterday; or was it the day before?

Assuming that yesterday was the bottom, (I still think 60p or even 40p) be interesting to see how sp reacts if or when the indeces decide to go south again. Only just noticed hell of a gap to be filled on the chart from August, so a possible target 140.0 (can you oblige with the horizontal lines skinny can't get mine to work) Or am I talking crap?

Chris - you can only draw one (as far as I know) - so which side of the gap do you want it?

On edit: You need someone like GF who can copy, edit and paste the chart to add two lines.

No worries skinny, 135 ish at a guess to close the gap I'm not able to get any lines at all.

That's the best I can do without exporting the chart.

Thanks skinny, perfect. Now, back to the KISS principle :O) I wont be buying until the 50DMA is breached, that is not a guarantee will keep rising but it's a good start.

indeed!!

now challenging (exactly) the 25 dma

Questor share tip: Arab uprising takes the shine off Centamin Egypt

Centamin Egypt is the "cheapest UK gold producer", broker Liberum said yesterday. This may be true, but most cheap things are cheap for a reason.

Today's FINANCIAL TIMES



ETF glow fades for US investors - Explosive growth may have peaked as demand wanes

http://www.huffingtonpost.co.uk/2012/01/14/egypts-elbaradei-withdraws-from-presidential-race_n_1206247.html

17 January 2012


For immediate release 17 January 2012

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Board Appointment

Centamin plc, the Arabian-Nubian Shield focused gold mining group, is pleased to announce the appointment of Mr Kevin Tomlinson as an independent non-executive director.

Mr Tomlinson (age 51) was previously Managing Director of Investment Banking at Westwind Partners/Stifel Nicolaus Weisel, a US, Canadian and UK full-service broker, where he advised a number of gold, base metal and nickel companies, including Centamin. Prior to that he was the Director of Natural Resources at Williams de Broe, a London-based broker, and Head of Research for the Australian broking, corporate finance and research house, Hartley's Ltd.

Mr Tomlinson holds a Master of Science degree in Geology from the University of Melbourne in Victoria, Australia. He began his career as a geologist 30 years ago and has worked with various Australian and Canadian-based natural resources companies, including Austminex N.L, where he held the position of Chief Executive Officer, and Plutonic Resources Limited, where he was Exploration Manager. In addition, he was Non-Executive Chairman of the ASX, AIM and TSX-listed Philippines gold producer, Medusa Mining Limited, from October 2005 to January 2010 and the Non-Executive Chairman of Dragon Mountain Gold, an ASX-listed Chinese gold explorer and developer, from January 2006 to October 2008. Mr Tomlinson is a Fellow of the Chartered Institute for Securities & Investment. He has not held any other directorships in public companies during the previous five years and does not currently hold any shares in Centamin. There are no other details to disclose under paragraph 9.6.13 of the Listing Rules of the London Stock Exchange.

Josef El-Raghy, Chairman of Centamin, commented: "We are very pleased to welcome Kevin to the Board. His background in geology and extensive experience in corporate finance will further strengthen the Centamin Board and support our growth strategy."

Nomura initiates neutral on Centamin Egypt, target price 120p.

Have a buy order in on the spreads @ 95.2, if triggered I'd quite happily take Nomura neutral target price of 120 :O)

http://www.bbc.co.uk/news/world-middle-east-16665748

Look's like it will go to 100p , by the close today.

Egypt more in order now

it's the fact that some of the uncertainty has been removed

It's struggling to reach 100p