Nov 13 2012 @ 08:43
Shares of global diversified miner Anglo American plc (
LSE:AAL) were being drilled on two accounts today, as its iron ore business on both sides of the Atlantic, the costly Minas – Rio Project in Brazil and the strike-hit Kumba Iron Ore in South Africa, suffered setbacks that are anticipated to hurt the company’s 2012 financial […]
Nov 13 2012 @ 03:28
AIM Listed Firestone Diamonds (
LSE:FDI) was a duff tip from me from my days at t1ps.com. Even when you average gain per tip over 12 years was 42.7% you have losers and this was one of them. I advised bailing out at 6.125p on October 25th. Results are out today, the shares are still 6.125p but […]
Nov 12 2012 @ 07:42
Cape plc (
LSE:CIU) issued an interim management statement this morning for the quarter ending 30 September. At 8:05 am the share price was 196.60. Forty-nine minutes later at 8:54 am, the share price had dropped to 169.50. By 10:18, the stock had recovered to 186.00, down 76.00 pence and 30% from Friday’s close of 262.00. […]
Nov 09 2012 @ 09:01
“The publication of today’s results closes a painful chapter in Lonmin’s history,” Roger Phillimore, Chairman of the Board of major platinum producer, Lonmin plc (
LSE:LMI), began his message in the release of the company’s 2012 final results that drilled the company into a loss greater than that during the height of the global financial crisis […]
Nov 09 2012 @ 07:33
Vatukoula Gold Mines (
LSE:VGM) has today announced that it has completed its botched replacement placing to raise £6.6 million gross from Chinese investor Zhongrun International Mining Co. Ltd at 33p a pop. The shares are now 32.5p. I can understand why folks are giving up on this one. Numerous placings – including this rather botched […]
Nov 08 2012 @ 09:21
Big words and ambitious plans by London Mining plc (
LSE:LOND) met cold reception from investors on the London Stock Exchange today as share price dropped after the iron ore producer unveiled its expansion plans for its flagship Marampa mine in Sierra Leone. After reaffirming that the said mine is on track to deliver 1.5 million […]
Nov 07 2012 @ 08:04
To lose five percent of a listed company’s market value may be considered small by some, but when it’s lost not by a penny stock but a FTSE 100 firm, you are sure the monetary equivalent is big enough for shareholders to scream their heads after realising how much they have lost at a trading […]
Nov 04 2012 @ 14:45
I recommended AIM listed Turkey based gold mine developer Ariana Resources (
LSE:AAU) on t1ps.com in August 2011 at 4.5p. The shares are now 1.6p and so clearly I have not exactly covered myself in glory. I met up for lunch with CEO Kerim Sener last week for a catch up. Is this a busted flush […]
Nov 01 2012 @ 10:13
What good will it do when you have so much resource but unable to extract them? That must be one of the questions in minds of investors on the London Stock Exchange today as holders of Avocet Mining plc (
LSE:AVM) shares dumped their stakes upon knowing that the company’s sole gold mine in West Africa […]
Nov 01 2012 @ 06:01
Shares in fully listed gold miner Centamin (
LSE:CEY) have resumed trading this morning and are currently 74p. One can make a legitimate case saying that its assets are worth 150p per share. But then there is the reason they were suspended on Tuesday and that is why I would sell as I explain briefly below. […]