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[slarty]

Well, this is one i've not seen anyone else pick anywhere:

Centamin Egypt, CEY:LSE
Close monday 18th May: 68p/H:72/L:22p

As of June '08:
Market Cap of 283M ( I think this is all in dollars, but i'm not sure)
Revenue: 6.8M
Profit:+4.2M
Property/Assets: +38M/137M
Cash: **YES, CASH** of +182Million!!
NO BORROWINGS!!! - - - loads of cash - they don't need any w**, sorry, bankers!
Net Assets: +353M

Can we get any more plusses??!!

YES WE CAN,.. since they are on target to start their latest mining at Sukari, in Egypt, next to the Red Sea.
They are on target for production in Qtr2, 2009.
They've measured 9.4Mil oz of gold. with more possible.

These guys seem to really know what they're doing, just take a look at their website: you'll have to google it, 'cause they keep everything really low key, but they obviously know what they're doing.
They've got every detail of their operation planned out. maps of the deposits, etc.
EG:
There's full foreign ownership allowed in Egypt
All Permits are in place
Concessions negotiated for a 15 year tax free period!!

You can even see the guys who are going to make you a load of dosh! take a look at the website! .....

~ CENTAMIN EGYPT LIMITED ~

brilliant!!

If you can find anything wrong with this one - please tell me quick-

Slarty

[Pheonix]

Looking at their quarterly reports now. Quarterly report Q1 2009 (TSX version)

A few brief highlights:
Net assets of $383mil USD, cash of $110mil USD. positive cash flow during Q1 2009 (+$12mil USD )

On 02 April 2009, the company announced it had entered into an agreement with Macquarie Bank Limited (“MBL”) to provide a corporate loan facility of up to US$25 million (the “Facility”). It is the Company’s intention that development of the Sukari Gold Project will be funded out of existing cash resources and internally generated cash flow however the Facility provides the Company with access to additional funds at a low cost for future use, if required.

Good game plan for the next 4 years in detail : Company Presentation - May 09.pdf
It does look good from what I can see, I might consider investing when I have the cash, though I would say that this is a long investment.

[CDL]

Nice found! I see the price jumped 14% today on this news.....

http://www.centamin.com/admin/upload..._20_May_09.pdf

[WalsallGooner]

I have been riding this one for the past month in anticipation of the 'First Pour' at the end of June

The outlook is very good. From what I read, they look to output 250K oz of Gold in their 1st full year of production, moving forward to 500K oz a year for the next 20 years.

The only negative here is the number of shares issued (984.70m), though I see more value for money if they keep finding more gold.

Here are some forecasts I got on my Share dealing site
Year ending June 2009, EPS -0.9p
Year ending June 2010, EPS 5.14p

[slarty]

Well done walsallGooner! for getting on earlier than me, you need to tell us next time!

[Pheonix]

More shares being issued into AIM on 5th June- might be a good time to get in, just before the 1st pour scheduled for end of June. I'm predicting that they'll hit over 1.00. Although I could be entirely wrong....

CENTAMIN EGYPT News CEY CEY.L - Interactive Investor


RNS Number : 0051T Centamin Egypt Limited 29 May 2009

Immediate Release 29 May 2009

Centamin Egypt Limited

("Centamin" or "the Company")

Issue of Equity

Centamin Egypt Limited (TSX:CEE, ASX:CNT, AIM:CEY) announces that, following the exercise of unquoted employee options:-

# 75,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 22 MAY 2009;

# 50,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 25 MAY 2009; AND

# 50,000 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF A$0.7106 PER SHARE ON 28 MAY 2009.

Furthermore, following the exercise of unquoted broker warrants:

# 329,280 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF C$1.20PER SHARE ON 26 MAY 2009; AND

# 670,720 ORDINARY SHARES WERE ISSUED AND ALLOTTED AT AN EXERCISE PRICE OF C$0.65 PER SHARE ON 26 MAY 2009.

Application has been made for the new ordinary shares to be admitted to trading on AIM. The new ordinary shares will rank pari passu with the existing ordinary shares in the Company and trading of these shares on AIM is expected to commence on 05 June 2009.

The total number of Ordinary Shares on issue following the above issues is 990,875,623.

For more information please contact:

Centamin Egypt Limited

+ 61 (8) 9316 2640

Josef El-Raghy

~ CENTAMIN EGYPT LIMITED ~

Buchanan Communications Limited

+ 44 (0) 207 7466 5000

Ben Willey

Bobby Morse

Ambrian Partners Limited

+ 44 (0) 207 7634 4700

Richard Brown

Richard Greenfield

This information is provided by RNS The company news service from the London Stock Exchange

END

[AndyB]

This one's been on my radar for ages, but blimey, I can't but it after that rise, I need to see some consolidation first in order to build up some steam for the next move.

[WalsallGooner]

Finally broke the 90p barrier, ended at 90.25 today after going as high as 92p

been a great week so far, coming back from the mid 70's of last week

[WalsallGooner]

Just had a look on the Centamin Eygpt website

Here is the Article
http://www.centamin.com/admin/upload..._gold_pour.pdf

Here are the pictures.
http://www.centamin.com/admin/upload...our%20pics.pdf