Thu, 31st Jul 2008 08:46 LONDON (Thomson Financial) - European Nickel celebrated Wednesday's ruling by Turkey's Constitutional Court that the AK Party will remain in government with a gain of 2-1/4 pence to 17.
European Nickel continues proactively to engage with all levels of government regarding the forestry permit application for Caldag, which is advancing according to the broad schedule agreed with the Ministry of Environment and Forestry.
Operations updates boosted Frontera Resources 8-1/2 pence to 90, and Central Rand Gold 3 pence to 70, while a positive statement offset news of widening first-half losses at biopharmaceutical company Lipoxen, 1 penny firmer at 20-1/2 pence.
Elsewhere, Tepnel Life Sciences edged up 0.375 of a penny to 9.625 pence in response to news of a 100 percent-plus increase in half-year pretax profits from continuing operations.
Also on the upside, Ariana Resources hardened 0.125 of a penny to 3.625 pence as the gold explorer and developer disclosed a further
increase to its resource estimate for the company's Kiziltepe gold prospect, at its flagship Sindirgi Project in Balikesir Province, western Turkey. The total resource has increased to approximately 186,000 ounces of gold equivalent.
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