Thursday, November 11, 2010

CEE-T Its A Gold Mine - And Its Buying Time!


Play Cee-t
A Gold Producer For $3.03

Gold Is Up Today Again And Will Blow Through $1500.00 in next 2mths
As Gold Rises So Will All Gold Mining producers



CENTAMIN EGYPT LIMITED (Toronto:CEE.TO) Delayed quote dataEdit
Last Trade:3.04 CAD
Trade Time:9:54AM EST
Change:Down 0.10 (3.18%)
Prev Close:3.14
Open:3.10
Bid:3.05
Ask:3.06
1y Target Est:3.41
Day's Range:3.04 - 3.14
52wk Range:1.80 - 3.28
Volume:183,556
Avg Vol (3m):1,717,670
Market Cap:3.13B
P/E (ttm):233.85
EPS (ttm):0.013
Div & Yield:N/A (N/A%)
CENTAMIN EGYPT LIMITED (CEE.TO)
1d 5d 3m 6m 1y 2y 5y






House Positions for C:CEE from 20101111 to 20101111
HouseBought$ValAveSold$ValAveNet$Net
7 TD Sec41,300126,3483.0592006103.0541,100-125,738
79 CIBC44,900137,0653.05319,70060,1963.05625,200-76,869
33 Canaccord25,50077,8253.0525,00015,2003.0420,500-62,625
1 Anonymous29,70091,1203.06810,60032,2353.04119,100-58,885
5 Penson9,10027,7293.04709,100-27,729
9 BMO Nesbitt10,10030,8753.0572,4007,3463.0617,700-23,529
123 Citigroup5,90017,9943.0505,900-17,994
80 National Bank8,50025,9473.0533,30010,0863.0565,200-15,861
85 Scotia4,50013,7623.05804,500-13,762
64 Octagon2,5007,6003.0402,500-7,600
19 Desjardins1,0003,0703.0701,000-3,070
99 Jitney1,4004,2823.0596001,8363.06800-2,446
36 Latimer5001,5353.070500-1,535
83 Mackie832523.036732223.04110-30
101 Newedge02,6007,9303.05-2,6007,930
74 GMP016,70050,9353.05-16,70050,935
13 Instinet018,00055,1933.066-18,00055,193
2 RBC5,47316,7103.053111,283340,3253.058-105,810323,615
TOTAL190,456582,1143.056190,456582,1143.05600


CEE.TO - Centamin Egypt Npv (TSX)

DateOpenHighLowLastChangeVolume% Change
11/08/102.9503.1002.9403.080+0.2404373416+8.45%
11/05/102.8402.9302.8102.840+0.0403374663+1.43%
11/04/102.8002.8202.7602.800+0.0503077672+1.82%
11/03/102.6902.7902.6502.750-0.0403674674-1.43%
11/02/102.8102.8202.7602.790-0.0401223892-1.41%

-- Period ---- High ---- Low ---- Percent Change --
5-Day3.100on 11/08/102.650on 11/03/10+8.83%since 11/01/10
1-Month3.100on 11/08/102.650on 11/03/10+12.00%since 10/08/10
3-Month3.110on 09/20/102.480on 09/14/10+11.59%since 08/06/10
6-Month3.110on 09/20/102.020on 05/21/10+32.76%since 05/07/10
12-Month3.110on 09/20/101.800on 02/24/10+28.33%since 11/06/09
Year to Date3.110on 09/20/101.800on 02/24/10+48.08%since 12/31/09

For The LastMade New HighPercent FromMade New LowPercent From
5-Day4 time(s)-0.65%2 time(s)+16.23%
1-Month3 time(s)-0.65%3 time(s)+16.23%
3-Month11 time(s)-0.96%4 time(s)+24.19%
6-Month17 time(s)-0.96%5 time(s)+52.48%
12-Month15 time(s)-0.96%19 time(s)+71.11%
Year to Date21 time(s)-0.96%14 time(s)+71.11%





Technically Its Going To Run Again Its Bouncing Off The Bottom Bollinger Band
And it dipped on gold's dip after 1:50PM. Buy now and smile at $3.30

CEE.TO - Centamin Egypt Npv (TSX)

DateOpenHighLowLastChangeVolume% Change
11/08/102.95003.10002.94003.0800+0.24004373416+8.45%

Composite Indicator-- Signal ---- Strength ---- Direction --
Trend Spotter (TM)BuyStrongStrongest
Short Term Indicators
7 Day Average Directional IndicatorBuyStrongStrongest
10 - 8 Day Moving Average Hilo ChannelBuyMaximumStrongest
20 Day Moving Average vs PriceBuyMaximumStrongest
20 - 50 Day MACD OscillatorSellMinimumWeakest
20 Day Bollinger BandsBuyMaximumStrongest
Short Term Indicators Average: 60% - Buy
Medium Term Indicators
40 Day Commodity Channel IndexBuyAverageStrongest
50 Day Moving Average vs PriceBuyStrongStrongest
20 - 100 Day MACD OscillatorBuyWeakStrongest
50 Day Parabolic Time/PriceBuyStrongStrongest
Medium Term Indicators Average: 100% - Buy
Long Term Indicators
60 Day Commodity Channel IndexBuyMaximumStrongest
100 Day Moving Average vs PriceBuyStrongStrongest
50 - 100 Day MACD OscillatorBuyStrongWeakest
Long Term Indicators Average: 100% - Buy
Overall Average: 88% - Buy




JOHANNESBURG (miningweekly.com) – Egyptian gold-miner Centamin’s production for the third quarter of the year remained flat at 30 243 oz, owing to continued failures with the semiautogenous grinding (SAG) mill liners at its Sukari mine during the quarter.

The company produced 30 236 oz in the second quarter.

“These issues we believe will be resolved, with the recent installation of steel liners and lifters in the SAG mill. With improved mill availability and an increasing grade profile, we are confident that [the fourth quarter] will deliver considerably more ounces at lower cost than [the third quarter] and keep us on track to achieve our revised production guidance,” chairperson Josef El-Raghy said on Wednesday.

In September, Centamin revised its 2010 full-year output target to between 160 000 oz and 170 000 oz of gold, down from the previously anticipated 200 000 oz.

At the time, the London- and Toronto-listed company reported that intermittent SAG mill liner and lifter failures were affecting steady state production at the mine.

Upgrades to change the polymetallic liner and lifter system to steel had been completed in October.

The lower gold production had led to an increase in cash costs to $638/oz, compared with costs of $569/oz in the previous quarter.

Going forward, the gold miner expected its mining rates to increase, with the delivery of new mining vehicles to be delivered to the mine throughout the fourth quarter of this year and the first half of next year.

This formed part of Centamin’s plans to increase overall production at Sukari to 500 000 t/y of ore.

Underground decline development progressed by a further 854 m during the third quarter, with 2 278 m in total now completed.

Meanwhile, Sukari’s mineral reserves increased by 28% to 9,1-million ounces in the quarter, up from the previous estimates of 7,1-million ounces.

EXPANSION

Centamin’s expansion plans to increase mill throughput at the mine to five-million tons a year by the middle of 2011 also remained on track, with secondary crushing equipment to the mine to start in the fourth quarter.

Contracts for fabrication and construction works had also been awarded.

Mill throughput was expected to eventually reach ten-million tons a year by 2012, following further expansion work.


Centamin Egypt: Results of Annual General Meeting of Shareholders

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2010) - Centamin Egypt Limited (TSX:CEE)(LSE:CEY) wish to advise that the outcomes of each resolution put to the Company's members at the Annual General Meeting held on Tuesday, 09 November 2010, in the Bishopsgate & Chancery Rooms at The Andaz Hotel, Liverpool Street, London, United Kingdom at 11.30 am (London time) are set out below along with information required by section 251AA of the Corporations Act.

Ordinary Resolution 1.0 - Financial Statements and Reports

The Company's financial statements, the directors' report and the auditors' report for the year ended 30 June 2010, were tabled and considered.

Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
687,255,184 4,476,773 6,330,895 552,911

Ordinary Resolution 2.1 – Election of Mr Harry Michael

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
691,371,544 2,380,481 6,967 552,911

Ordinary Resolution 2.2 – Re-Election of Professor G Robert Bowker

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
691,920,902 1,513,906 324,184 552,911

Ordinary Resolution 2.3 – Re-Election of Mr Colin Cowden

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
578,781,708 63,411,635 51,560,806 552,911

Ordinary Resolution 2.4 – Re-Election of Mr Josef El-Raghy

This resolution was passed without amendment by a show of hands. Instructions in respect of proxy votes were as follows.

For Against Abstain Proxy's Discretion
679,476,827 6,200,276 8,078,046 552,911

Special Resolution 3.0 – Disapplication of Pre-Emption Rights

This resolution was passed by shareholders present without amendment by a show of hands. Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
556,411,416 85,626,909 51,716,824 552,911

Ordinary Resolution 4.0 – Adoption of the Loan Funded Share Plan 2010

The Chairman advised that the Company decided not to propose this resolution to the meeting. Since distributing the notice of meeting and details of the proposed Loan Funded Share Plan, the Directors have had discussions with a number of institutional shareholders and advisers in relation to the structure of the Plan. The response to the Plan has indicated that modifications will be desirable to bring the Plan more into line with United Kingdom corporate governance guidelines. The Directors will consider proposing a modified employee incentive plan at a future general meeting. Instructions in respect of proxy votes were as follows:

For Against Abstain Proxy's Discretion
259,397,876 328,093,569 105,059,125 499,505

Yours sincerely

Heidi Brown, Company Secretary

09 November 2010

FOR FURTHER INFORMATION PLEASE CONTACT:

Josef El-Raghy Centamin Egypt Limited + 61 (8) 9316 2640 www.centamin.com 
OR
Bobby Morse / Ben Willey Buchanan Communications Limited + 44 (0) 207 7466 5000 

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