LSE Market News

Namakwa Diamonds Secures Loan Deal

Nov 23 2011 @ 10:06
African-based diamond miner and explorer, Namakwa Diamonds Limited (LON: NAD) announced today it has converted US$16.03m trading debt into 66,791,667 new ordinary shares. Approved by shareholders, the deal sees a $40m two-year secured term loan – of which $23 m has been drawn – continuing to remain available to the company. The conversion of debt […]
 

Berkeley Resources Announces Mineral Upgrade

Nov 23 2011 @ 10:02
Tailings processsing company Berkeley Mineral Resources (LSE:BMR) announced on Wednesday its continued verification and assessment work at the Kabwe mine in Zambia.  BMR shares were trading 4.3% higher at 2.4p by mid-morning trading. The announcement comes in connection with the pre-feasibility study being conducted on the resources at the project, washplant, slags, and leachplant...
 

Independent Resources Releases Year End Report

Nov 23 2011 @ 07:34
Independent Resources Plc (LSE:IRG) shares dropped 8.4% by 2:15pm GMT on Wednesday following the release of their results for the fiscal year ending 30 September 2011. The news release contained highlights from the year, a short statement by the company chairman, and a series of consolidated financial statements. In the announcement, the chairman admitted that […]
 

Physiomics' value surges and falls

Nov 21 2011 @ 10:56
The share price of computational systems biology firm Physiomics PLC (LSE:PYC) surged following the announcement of a new contract with Eli Lilly. Leading to a 24% increase in share price to a two-month high of 0.37, the contract will see Physiomics working on projects to predict the outcome of cancer drugs. Since then Physiomic’s share price […]
 

Rubicon A Top Mover Following News Release

Nov 18 2011 @ 09:24
Rubicon Diversified Investments Plc (LSE:RUBI) announced on Friday that it has raised £400,000 through a firm placing of 4,000,000 shares and a conditional placing of 36,000,000 shares at 1p with Lonrho Plc and some high net worth investors.  Shares in the company rose 225% to 2.6p before the markets closed for the weekend.   The […]
 

Range Resources – Proven Reserves In Trinidad Up 490%

Nov 18 2011 @ 08:57
Range Resources Limited (LSE:RRL) shares shot up 16% to 10.2p this morning following their announcement of a 490% increase in proven reserves at their Trinidad site.  After the initial increase, shares settled down in mid-morning trading, up 7.8% to 9.5p at 10:38 am GMT. Trinidad Site Proven Valuable The company’s Proved Reserves in Trinidad were […]
 

Hasgrove Releases Profit Warning – Shares Tumble

Nov 18 2011 @ 07:26
Hasgrove Plc (LSE:HGV) released a trading update on Friday announcing lower profit expectations for the year ending 31 December 2011. Stocks were trading at 32p at 2:30pm GMT, down nearly 30% on the day. The statement reported that operating profits for the year were now expected to be £1.5 million, much lower than the current […]
 

Pace Profit Projections Down

Nov 17 2011 @ 10:37
Pace Plc (LSE:PIC) shares dropped 15% in mid-morning trading after an Interim Management Statement and Strategic Update was released by the company on Thursday. The statement released pertained to the period from 1 July 2011 until 16 November 2011. Trading Update and 2011 Outlook The company stated projected profits for the year to be $141 […]
 

Mariana Resources Announces Investment By AngloGold

Nov 17 2011 @ 09:24
In a statement released on Thursday, Mariana Resources (LSE:MARL), an AIM listed mining firm based out of Australia, announced that it has agreed to the terms of an investment by AngloGold Ashanti Limited, giving the gold giant a 19.9% stake in the company.  Mariana was up 32% in mid-day trading on Friday. Deal Details Subject […]
 

Aminex Climbs with Positive IMS

Nov 16 2011 @ 07:55
Aminex Plc (LSE:AEX) shares closed up 4.2% on Wednesday following the release of their Interim Management Statement. The AIM listed oil and gas company released this announcement pertaining to the period dating from 1 July until today. Among the highlights stated by the firm, their cash position as of 31 October was approximately £18 million, […]
 
 
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