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.

6 month high (80.80p).

A close above 80 and 200ma would be useful.

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a good break through that 200 dma ..... hmm

Sold back to the breakout level of approx 80p.

I'm long just from the chart alone. but read back through the RNS today, last results full of record this and record that, plus director buys.

Gold price has broken through the downtrend which started in August last year, which is only going to add to Centamin's profits.

Apart from the location of operations it's hard to see what's not to like about this company. A play on Egypt behaving itself.

Tempted to take the money here - any views?

MB will continue to give grave concerns throughout m/e for many years to come, so pays yer money and takes yer choice ...... my inclination would be to go with a more diversified miner than one with gold as its sole source ..... POG always looks good but is a serial underperformer, so perhaps one of the heavies like VED or RIO or even KAZ

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Gold around $1770 / oz and political situation seems to be settling down in Egypt. I know they are kicking off atm over an offensive video clip, but the CEY mine is in the south of the country and unaffected. I prefer to hang on to my stock for the time being as the chart seems to be turning the corner. Short term there may be a correction, but prefer to hold for the longer term.

Cheers chaps - I haven't got a large holding here, I think I'll look again at a quid.

£ easy. then probably a 10% pullback before hoofing up again

A bit of a down day for most stocks, except CEY , which is presumably due to the high gold price? (though RRS and others in the gold industry are also down).

Sp behaving as predicted, IG has become my personal ATM. Ta-da

Hopefully we can maintain this trend beyond 100p now! With gold this high, I am hoping that CEY's sp can benefit.

One of the lunchtime fliers was talking of $2000 by Christmas - as ever :-)

I think the theory was that with single dip recession, we would now be on the road to recovery and gold would become less attractive as a safe haven. With double dip, gold continues to be attractive to investors, so this is the silver lining to the recession cloud.

Surely the'gold lining'!

Almost 100p. Strong upward trend which will hopefully continue as long as war doesn't break out in neighbouring countries. Shame CEY doesn't have interests elsewhere to spread the risk a little.

Harry they have large shareholding in ethiopian gold prospector Nyota Minerals.

Cheers for that h. You're right, they do, though only in the sampling stage atm.

"The licences are in the northern Tigray region of Ethiopia and they are called:
•Una Deriam (100% Centamin ownership)

•Finarwa (100% Centamin ownership)

•Winibo (100% Centamin ownership)

•Shehagne (subject to a letter of intent with Stratex)"