mog
04 Mar 2015
Not commented recently, but at the mom ent with israely, in states anything can happen.alternative news ,like riche allen show on talk europe , like max keiser, are giving food for thought for possible scenarios.
smallfry
04 Mar 2015
Thanks for the opposing view - I'm not too worried as my average cost is still below anything we've seen since 2013. It's been an education for me to follow the trials and tribulations of a good company in a country with such a terrible environment for foreign investment. I see the gov't trying to change the culture but that's a difficult job and they might not succeed. Are the courts threatened by the proposed changes? Will the courts thwart the governments efforts?
flopticalcube
04 Mar 2015
If you haven't noticed... I'm turning more and more bearish on CEY and the entire sectors prospects... maybe things can now turn up... 
flopticalcube
04 Mar 2015
That is unknown. If the court decides to annul the agreement and a new one needs to be drawn up, if the price of gold heads below $1000, if BkF decides to make all new mining licenses under onerous terms, I see no reason why the share price cannot collapse to cash value.
smallfry
04 Mar 2015
Shared priced closed unexpectedly low today. Took this opportunity to buy on the Toronto market. Even if the court case isn't resolved quickly the scheduled events over the coming weeks (Annual Report on March 23 and Q1 Prelims on Apr 9) should have the share price rising. Surely the sp will never go down to November 2014 levels!
fairshare
04 Mar 2015
seplat taken a hit too
flopticalcube
01 Mar 2015
I think the conference will be a bust. Egypt just can't seem to get its act together, at least not yet.
smallfry
01 Mar 2015
Is an SCC ruling necessary on the new investment law? If so than it seems impossible to have one in place before their conference. What's the point in hosting potential investors w/o the new investment law in place?
smallfry
25 Feb 2015
Centamin and the Madinaty case are vastly different. Centamins original "deal" was better than the international standard for Egypt. The country has also managed to extract "advance payments" (maybe bribes) on profit sharing. In no way should this sort of judgement be accepted by Centamin.
smallfry
24 Feb 2015
Note that the share price has increased since the adjournment was announced. Must indicate that the market thinks this is a good result. The timing of the next hearing (just before Ramadan starts on June 18) indicates that the court probably isn't planning to make a ruling this year.
Innovation
24 Feb 2015
Then another adjournment after that which will take us to next year...
flopticalcube
13 Feb 2015
That is probably best. Doesn't make a difference to production. Let it drag on.
smallfry
13 Feb 2015
I'm preparing myself to be disappointed with the court case and investment law. IMO it seems the Sisi gov't will take the easy way out. Introduce a weaker investment law that's easy to enact and continue the endless round of cc dates w/o a decision on the Centamin case.
Nunquam
06 Feb 2015
I sometimes cheer myself up but looking at US debt clock, 18 trillion dollars and climbing. I must get out more.
mog
01 Feb 2015
OMG , the lse bods do like to go over every minute detail .Which has all been done in the past. but after all it is weekend and they are bored. so can understand their frustrations. Cant get back to work ? (no bucket and spade for them), I fink. You are still going to hang on till March. Sorry!
