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.

I understand that the current outlook for gold mining companies is very bullish,according to chartist on CNBC.

Perhaps this will give a wake up? Not so sure about the t/over (until new laws allow),but like the level of trading on the TSX 14m finished at the equivilent of 90p.

Centamin Egypt Ltd. (TSX:CEE). Miner. Up 30 cents, or 21.43 per cent, to $1.70 on 14,366,269 shares. Shares closed at a historical high on rumours that the company, based in Perth, Australia, is set to be taken over by either the worlds biggest gold producer, Barrick Gold (TSX:ABX) or the second-largest gold company, Newmont Mining Corp. (TSX:NEM).
cyril

Precious metals have had a rough time in the past 10 days or so,but look set to recover,especially on the back of takeover talk.

A lot of interest this a m,up 9 pts,but I have not heard any news

The real interest started in Canada,maybe we will find out whats what when the TSX opens later today. Lets hope its not a pump and dump,seen it happen with CDN sometime back?
cyril

i have liked this minor miner for some time but have not held for a while ..... i have now, rather belatedly, taken a small dabble, but be very aware, those of you who use L2, that this is an MM stock so one is totally at their mercy

I think it'll be more from the herd effect with production promised in the next few days. Wouldn't be surprised to see this hitting 120p if they release such news, before profit taking place and the SP settles to a more realistic level ?
cyril
PS hope you took the hint on URU(via KAH)?

cyril lets hope this start up project is not plagued by technical problems such as those unfortunately experienced by HMB and KMR.

FIRST GOLD POUR FROM THE SUKARI GOLD PROJECT




Centamin Egypt Limited is pleased to announce that the first gold from the Sukari Gold Project ('Sukari') was poured on Friday, 26 June 2009.




This milestone marks the commencement of production and commissioning at the Sukari gold mine ahead of the commercial ramp up of production, which is anticipated over the coming months.




Sukari is the first modern commercial gold mine to be operated in Egypt, and has a current mineral reserve of 142Mt @ 1.4g/t Au for 6.4Moz. The current mineral resource stands at 191Mt @ 1.53g/t Au for 9.39Moz Measured and Indicated, and 64Mt @ 1.7g/t Au for 3.5Moz Inferred (as disclosed in the press release dated 12 February 2009).




Josef El-Raghy, Managing Director/CEO of Centamin, stated:




'The first gold pour from Sukari marks the beginning of our production from the largest gold mine to come on-stream this year. The initial production of gold dorcame from ore mined in the Amun Zone of the Sukari hill and represents Egypt's first modern day gold production. The 4mtpa capacity plant will attain production rates of around 200,000 oz Au per annum by year end. Centamin is currently stockpiling ore in anticipation of a ramp up in production later this year.




The delivery of initial gold production in June 2009 is testament to the extraordinary hard work and professionalism of the entire team at Centamin and the co-operation of the Egyptian Government in particular His Excellency Sameh Fahmy, Minister for Petroleum and Mineral Resources. We look forward to updating stakeholders further on progress of the project over the coming months.'




Photographs of the first gold pour are available on the Company's website www.centamin.com.




For Centamin Egypt Limited











Josef El-Raghy

Managing Director/CEO

29 June 2009

cyril

Sounds good.
The Telegraph rate this as one of their shares of the year.

I think it was a pretty fair bet,45p at the start of 09. Gold being the safe haven
any co with production on this scale promised had to go up big time,imho.
Steady responce, the next few days/weeks will be interesting.
cyril

Centamin Egypt Reiterated As Buy by Evolution - target 97p
Business Financial Newswire
Following a review of gold price forecasts, target price increased from 50p to 97p



Story provided by Business Financial Newswire

Concerning the price of gold,I notice that the last 3 quarters has seen a rise in the price of the yellow stuff.What is especially positive I feel are 2 factors:
1 The first half of the year tends to be negative,so obviously this has not been the case this year
2 Looking at a 10 year price chart,the second half of the year has nearly always seen a rise in price


http://66.38.218.33/charts/popup/au3650nyb_.html

Centamin Egypt placing to raise C$29.6m
Business Financial Newswire
Gold mining firm Centamin Egypt is raising C$29.6m through a private placement of 19 million shares at C$1.56 apiece.

The shares are to be placed with three large North American resource focused funds.

The offering is expected to close on or around 16 July.

Centamin will use the net proceeds for continued exploration activities and general corporate purposes

"And their's more"

HIGHLIGHTS




The Sukari mineral resource upgraded to 9.91Moz Measured and Indicated, plus 3.3Moz Inferred




An increase in the Measured and Indicated resource of approximately 520,000oz or 6%




New resource ounces based on assay results of 20,000m of drilling largely from the Pharaoh and Amun Zones, and the deeper Hapi Zone




Drilling indicates that mineralization continues further North of the existing reserve, with continuous high grades in the deeper zones




Significant results included in this upgrade 79m @ 4.48g/t Au and 43m @ 17g/t Au

cyril

With Gold rising late in the day to over $954/ou,CEY(CEE in Canada)up almost 10% to C$1.73 which works out at 95p+.
cyril

Gold price chart also looks supportive of further price increase.
All mining stocks look good this a.m.

The following announcement ca only be positive for the share.
04 August 2009




Centamin Egypt Limited ('Centamin' or 'the Company')

(TSX:CEE, ASX:CNT, AIM:CEY)







INTENTION TO MOVE TO OFFICIAL LIST




Centamin announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the 'Official List') and to trading on the London Stock Exchange's Main Market for listed securities. Work has commenced on the listing process and it is anticipated that this work and a move to the main board of the LSE as a primary listing will be concluded before year end.




The Board of Centamin believes that the Company has now reached a size and stage of maturity at which the Official List will be the most appropriate platform for future growth. The Directors believe that the move will result in the Company benefiting from an increased potential investor base, a higher profile and an increase in the liquidity of its shares.




Investec Investment Banking, a division of Investec Bank plc, has been appointed as sponsor in relation to the move to the Official List and as joint financial adviser to the Company. Ambrian Partners Limited is acting as joint financial adviser and UK broker to the Company.







For Centamin Egypt Limited


Josef El-Raghy

Managing Director/CEO

04 August 2009










For more information please contact:




Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

www.centamin.com
Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Bobby Morse

Ben Willey
Ambrian Partners Limited

+ 44 (0) 207 7634 4700

Richard Brown

Richard Greenfield
Investec Investment Banking

+ 44 (0)207 597 4000

Gerard Kisbey-Green

http://www.growthcompany.co.uk/news/1064042/centamin-for-big-board.thtml

news story on the move to the official list

sp falling soon be time to buy again.