Mining

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

And so it came to pass on the third day that Centamin (LSE:CEY) issued another RNS insisting that the new Islamofascist regime in Egypt had not after all stolen its Sukhari gold mine. The shares remain suspended because the truth is that no-one has the foggiest idea what is going on. Not even Centamin by […]

I first recommended AIM listed gold producer, Archipelago Resources (LSE:AR.) back in December 2004 at 27.5p on t1ps.com, the website I founded in my bedroom 12 years ago and edited until September this year. At 62p today it has not been a bad share tip. However third quarter ( to September 30th)  numbers out today […]

The final count is in. Two months after the dramatic events at South Africa’s Rustenburg mining district sparked a series of labour unrest across the country’s mining sector, the firm where it all began – the world’s third largest platinum producer Lonmin plc (LSE:LMI) –  has released its full year production report that includes the last quarter […]

Two nights before its Managing Director presents the company at a dinner with investors, brokers, and analysts, Ariana Resources plc (LSE:AAU) said its flaghship Red Rabbit Gold Project in Turkey exhibits “highly attractive economic fundamentals” capable of providing the company multi-million dollar revenue, for the whole life of the mine. Following an interim feasibility study, […]