Centamin Egypt - CEY Stream Log

61p

60p

Investment Law: Arham Online has a report today on the Madinaty case settlement. It states the gov't approved changes to the investment law to prevent third parties from challenging contracts between investors and gov't. The article doesn't really explain why the Madinaty case was settled with a monetary payment and I remain confused. Could this be a sign the Centamin case will be resolved by the ammendment???

Decent results sp always moves south...

Centamin normally hosts a teleconference to answer questions from investors and analysts about the annual report. Last year it was held at 9 AM (London Time) on the day the annual report was released. Years ago they had separate calls for the UK and North American markets but last year it was just one call which was too early for many in North America. The details for calling in were in the annual report so you may need to be on the ball the moment it's released.

daz66 seems to this that the court process in Egypt functions w/o corruption. To date the movement of the cc thru the system shows a system where the gov't and the court are at cross purposes and judges may be acting to prolong/preserve their power over system where wealth/power is extracted by these courts from investors. The various layer of the legal system move so slowly that it makes us believe that they are each extracting their price from companies like Centamin to move things along. Remember that Centamin has paid approx $100 million USD in "advance profit sharing" payments to Egypt. Are these real or are they payments made (bribes) over the cc. Egypt doesn't get to be named one of the worst countries for foreign investment for nothing.

IL: thanks Siko I suppose the only thing now is the endless wait for the executive regulations to churn through the Egyptian bureaucracy. I hope they do not have to go through the SAC, SCC .... Official Gazette in the endless loop that we are all familiar with! The key question is does this new law apply to CEY?

Pompous Jerk doing what he does best... being a pompous jerk.

... and he's back....

Been in this share for two years and now can't see this being resolved this year. Should of jump when it hit 74p