LSE Market News

Final Results for the year to 31 July 2013 Europa Oil & Gas (LSE:EOG), an AIM listed oil and gas exploration, development and production company focused on Europe, has announced its final results for the 12 month period ended 31 July 2013. Operational highlights: •Farm-in secured with Kosmos Energy Ireland (‘Kosmos’) for two blocks offshore […]

Gedabek Gold, Copper and Silver Mine JORC Measured and Indicated Mineral Resources Increase to 1.12 Moz of gold Anglo Asian Mining (LSE:AZZ), a gold producer in Azerbaijan, has announcds an increase in its JORC compliant gold resource at its flagship Gedabek gold/copper/silver mine (‘Gedabek’) located in the Republic of Azerbaijan to 44,644,658 tonnes at 0.783 […]

Postman Pat rose to stardom, much like Clark Kent, as an ordinary, mild-mannered guy just trying to do his job.  For Postman Pat, his job was delivering the mail.  That is, until the year 2000, when the Royal Mail terminated Pat because he “no longer fit the corporate image.”  At the time the postal workers’ […]

Sula Iron & Gold (LSE:SULA), a multi-commodity exploration company focussed on Sierra Leone,has raised £800,000 by way of a placing of 40,000,000 new ordinary shares in the capital of the company (‘the Placing Shares’) at a price of 2 pence per Placing Share (‘the Placing’) with a range of institutional and other investors (‘the Placees’). […]

But will the announcement raise your interest levels? Northcote (LSE:NCT), an onshore US oil and gas exploration and production company, has raised £1.75 million (before expenses) through a placing arranged by Shore Capital Stockbrokers Limited of 159,090,910 new ordinary shares (‘Ordinary Shares’) of no par value in the capital of the Company (‘the Placing Shares’) […]

Anglo Asian Mining (LSE:AAZ), a gold producer in Azerbaijan, has announced that it has entered into a loan facility agreement (‘Facility Agreement’) with Amsterdam Trade Bank N.V. (‘ATB’). Under the terms of the Facility Agreement, ATB has agreed to provide a committed term loan facility of up to US$37 million (the ‘ATB Facility’) to Azerbaijan […]

Wishbone Gold (LSE:WSBN), an exploration and acquisition company focused on precious metals, is holding its Annual General Meeting (‘AGM’) later today. At the meeting, Executive Chairman Richard Poulden will make the following statement: “Since listing on AIM in July 2012, the Company has made a great deal of progress towards achieving our stated strategy of […]

Aeorema Communications (LSE:AEO), a corporate communications and events specialist, announces its results for the year ended 30 June 2013. As part of the results the company announced an enhanced maiden dividend of 1.5 pence per share. House broker, Cantor Fitzgerald commented: “The shares are trading on a historic earnings multiple of 9.9x and we would […]

Alecto Minerals (LSE:ALO), a mining exploration company focusing on West and East Africa, is has provided a market update on the Company’s exploration activities at its Kossanto Gold Project, West Mali. Highlights: • Trenching and soil sampling at Gourbassi East demonstrated the following positive results: o Trenching over the Gourbassi East Main Zone reveals high […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, US politicians have decided that the best thing for the nation is to allow its government to go into partial shutdown rather than back down on conflicting budget views surrounding a presidential policy aimed at making medical care affordable […]