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.

gadzooks skinny, that was definitely one out of left field for you ..... makes a change for me not be holding such a stock

Yes not great, I got stopped @91 - but frustrating that no news was immediately available - the company still haven't issued an RNS.

12 month low (before today ) is 56.50p

On edit - overtaken whilst typing - now 51.05p -48.3% and back in auction.

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Not in...but what the hell .....?...boy...I bet some people will be banging their heads on the table....I'm surprised I don't have any....

I think I might take Tankers advice and buy :-)

Hey ?.....this could go down to 30p......

I bet trading will be suspended !...

makes a change from being told that you can never trust a Jew!

it looks as though it is already suspended at ~55p ..... it seems to have been about 10p lower than that at some point

Still no RNS - I was quoted 44.1 - but didn't take it!

No its still trading - it just keeps lurching from auction to auction - just been quoted 55.82!!!

Bound to happen......total lack of respect for international trading laws.....Egypt for whom the people I have great respect will be in serious trouble with the rest of the world....

Well Tankers not very happy with them :-)))

If the appeal court rules the same way then you are looking at 10p or 100p......you might as well put a bet on a football game ....if you buy now : take a few pennies rebound and exit before possible suspension...sp not low enough for me...

meanwhile, those who were short look to be piling back in ..... i think i'll just watch!!

Closed now.

Temporary Suspension Centamin Plc

The Financial Services Authority ("the FSA") temporarily suspends the securities set out below from the Official List effective from 30/10/2012 10:00am pending an announcement:

Isold out months ago would NEVER trust muslims .
if they do take over the mine then EGYPT will become uninvestable
which would destroy them

If the suspension lasts until appeal court decision : ouch !....

remember what the brotherhood leader said he wants to return the country back 200 years for the good of its beliefs in the koran. and forbid riches for the poor .
these statement was there for all to see

My guess is that the mine will keep producing as the egyptians won't want to lose the revenue. I assume this is all to do with the state portion of the ownership and the favourable terms which they have voted in for themselves. My neighbour who is egyptian reliably informs me that corruption is still rife amongst the wealthy and it wouldn't surprise me if the appeal is successful, with the assistance of a bribe or two.