Centamin Egypt - CEY Stream Log

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.

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.

Then another adjournment after that which will take us to next year...

That is probably best. Doesn't make a difference to production. Let it drag on.

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.

I sometimes cheer myself up but looking at US debt clock, 18 trillion dollars and climbing. I must get out more.

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!

Fed...Seems up to normal tricks feed it in slowly and consistently. never accept wrong . then those who follow the piper will follow.

I believe mac69 is correct in that the new investment law will wait for to be ratified / amended by an elected parliament later this spring. Arham Online has an editorial piece on this [link]

maybe it is all about timing. All gold bugs know that printing money devalues paper and binary money. Question to my mind id not when gold will rise, but when. I think gold will rise but maybe not for another 2 or 3 years.