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Centamin Egypt Share Chat (CEY)



Share Price: 53.75Bid: 53.35Ask: 53.55Change: 0.00 (0.00%)No Movement on Centamin
Spread: 0.20Spread as %: 0.37%Open: 54.10High: 54.30Low: 52.70Yesterday’s Close: 53.75


Share Discussion for Centamin (CEY)


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Martc
Posts: 33
Observation
Opinion:Buy
Price:53.75
Re:recent visit
Today 08:15
Its a little unclear where you have returned from, was the visit to Sukari? The news from this share is always quiet, just updates on progress and output figures as and when required. I am not sure what else you are searching for, until resolution of court case there is little need for any other news as the company keeps on doing what it is supposed to do, producing Gold.
 
LongBurner
Posts: 28
Observation
Opinion:No Opinion
Price:53.75
recent visit
Today 01:08
have just returned from recent visit, have daily tried to update myself on recent news action but unfortunately nothing. it appears that there is hardly any interest at all in this mine apart from people on this board. so maybe we should take notice.who knows maybe it will reach 2 quid again but not in our lifetime I suspect
goodonetwo
Posts: 8
Off Topic
Opinion:No Opinion
Price:53.75
news reports
Sun 11:01
Thanks Curlyputt
....greatly appreciated by those who would be totally unaware of these progressions if not for your translated posts
Goodone
Australia
curlyputt
Posts: 86
Off Topic
Opinion:No Opinion
Price:53.75
View Thread (2)
RE: Egyptian press comment
Sat 16:33
And another article confirming amongst other things that the text has not been released to the public and it has yet to be ratified. Cemex and Centamin are mentioned by name FWIW.

http://monitorglobaloutlook.com/news-story/new-investment-law-a-nod-to-business-egypt-fm-told-mgo/
curlyputt
Posts: 86
Off Topic
Opinion:No Opinion
Price:53.75
View Thread (2)
Egyptian press comment
Sat 09:52
Just confirmation of the governments approval and the on going debate (in English).......

http://weekly.ahram.org.eg/News/5968/18/Investment-law-approved.aspx
sinnerthesaint
Posts: 304
Answer
Opinion:No Opinion
Price:53.75
View Thread (2)
RE: The new law
Thu 23:48
Many thanks for the post Siko. The link is very helpful indeed. What I can gather is that only parties to the contract mechanisms can challenge the validity of the contract in court. An Egyptian citizen [and perhaps any 3rd party] can take anyone [including foreign investors] to a criminal court to prove they committed crimes against the public good [eg. fraud corruptions etc]. That's all good to prevent new challenges in court. Unfortunately I couldn't find anything in there so far which would impact existing cases. I note however that the link contains an interpretation of the text [or perhaps just some of the text] rather than the text itself. So the way this 'prevention' is worded could still be enough, especially since CEY is in a civil as opposed to a criminal case.
curlyputt
Posts: 86
Observation
Opinion:No Opinion
Price:53.75
New Law
Thu 23:34
Very clear thanks Siko - I'm sure everyone appreciates your continued interest. It will be fascinating to see reactions to this from investors, the public and possibly cey - although I expect them to keep their opinions to themselves - refraining from comment, bearing in mind the delicacy of the situation, until they are sure they know what the full implications for the company are and whether it will in fact impact the cc.
Siko
Posts: 911
Off Topic
Opinion:No Opinion
Price:53.75
View Thread (2)
The new law
Thu 21:51
sinner, I think this is what you were looking for.

Here are the details of the new law:

http://www.shorouknews.com/news/view.aspx?cdate=16042014&id=50d79fa0-228d-479a-95f2-55bf580b4485

It is different from the previous one and consists of 3 points:

1) In addition to the contracting parties, it now allows certain people to appeal against the contract (e.g: share holders and other investors who entered the auction for the contract)

2) Courts to refuse cases filed by anyone else not mentioned in point 1.

3) The law will come into force the day following the date of its publication in the Official Gazette.

According to sources, the new law is now deemed constitutional.

A bit more info in the link, let me know if any part was not clear.
Miningman
Posts: 248
Off Topic
Opinion:No Opinion
Price:53.75
View Thread (2)
RE: Any interest in CEY ????
Thu 17:07
Longl-term CEY might well go that way. Just look at the major shareholders on p 25 of

http://www.centamin.com/centamin/uploads/reports/presentation/March_2014_Centamin_Investor_Presentation.pdf

It is full of hedgies.
mrtibbles
Posts: 2,210
Off Topic
Opinion:No Opinion
Price:53.80
Chas
Thu 16:27
I have been in this stock since the outset and held when it was £2.00 and the production was much lower then and stage 4 still in the development stage, if all goes well and Centamin win the court case then the price will rocket to considerably more than £2.00 and a good divi will be paid ,so I am certainly staying put as Centamin will be a big player itself any time soon!

Tibbs



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