Mining

African Barrick Gold (LSE:ABG) share price was up over 10 pence to 460.7  in early trading on the LSE this morning. Although the price eased back to 457.8 during the noon hour, it is still above yesterday’s close of 455.00.  The share price has been on the rise since 23 July when it reached a […]

I am contacted by a couple of angry Norseman Gold (LSE:NGL) shareholders asking if they can sue the company following today’s appalling news. It is bad, there is no getting away from it but the story is not played out in full. So, firstly READ THE NEWS and why this does not mean that Norseman […]

I tipped East West Resources (LSE:EWR) – the stock formerly known as Ambrian when it was a gold investment company called Golden Prospect at 5.25p back in October 2001. The shares peaked at c60p as the company became an investment bank. Today the stock is back at 11.375p. I was a total git for not bailing […]

Precious stones miner Gemfields (LSE:GEM) will have another 20 years to exploit the world’s largest emerald and beryl resource located in Zambia and will shift to underground mining in two years’ times, the company said today. The decision was based on the new underground feasibility study and mineral resource estimate of Gemfields’ 75%- owned Kagem […]

I tipped AIM listed gold producer Goldplat (LSE:GDP) at 11.5p in October 2011 and after the publication today of results for the year to 30th June I am now 56% ahead with the shares at 16.75p. Not bad. But there is far more to come. I have just come off the phone with the company’s […]

Directors of both Glencore (LSE:GLEN) and Xstrata (LSE:XTA) have finally reached the final terms for the much anticipated mega-merger of the year, leaving the last say to Xstrata’s shareholders whether to approve or reject the making of another global commodity and mining powerhouse, official statements released today from both companies read. The marriage of the […]

I have noted before that the valuation of AIM listed investment company Zoltav Resources (LSE:ZOL) is a total joke. Results today suggest that other folks are starting to twig. I am aware that Roman Abramovich’s son is the largest  shareholder so that might float your boat but this good ship is going down. The shares […]

World’s number two platinum producer, Impala Platinum Holdings Limited (LSE:IPLA), has approved a wage increase – the second within six months – in response to the demand from workers more than two weeks ago, in a move to avert the potential threat of a second strike that weighed heavy on the company’s financials for the […]

I tipped AIM listed gold mine developer Chaarat Gold (LSE:CGH) at 45p in May 2010. Standing at 24.375p after the publication today on half calendar year results I do not look too clever. Yet. But I had a long chat with the company today, notably with its Finance director Linda Naylor and these shares are […]

I tipped AIM listed gold stock Pan African Resources (LSE:PAF) at 2.6785p back in November 2005. Long term investing pays off. Ignoring dividends, those who bought then are 570% ahead with the shares at 18p. That values Pan African at £260 million but having just had a long chat with CEO Jan Nelson I am convinced […]