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20 Feb 2013 13:45

Obtala Resources raises funds to accelerate East Africa plans

Obtala Resources shares plunged Wednesday after announcing a subscription agreement to raise funds to boost plans in East Africa. The natural resources investment and development company will issue up to 13.13m new ordinary shares of up to 1.0p each to an institutional investor over three equal ins

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7 Feb 2013 11:31

Bushveld Minerals unveils resource update for Limpopo projects

AIM-listed mineral development company Bushveld Minerals failed to impress investors with a resource update on its iron and tin projects in the Limpopo province of South Africa. The group reported that 184m tonnes of indicated and inferred high grade iron layer had been identified with the potentia

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16 Jul 2012 15:52

ASOS Product Director sells stake in firm

Robert Bready, the Product Director of online fashion store ASOS, has sold all his ordinary shares in the firm, less than a week after the company unveiled a strong first quarter. Bready, who begun his career at the High Street fashion River Island, pocketed himself £2.6m after trading in 143,125 s

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1 Dec 2011 13:07

Solo set to acquire firm with rights to mine in Argentina

Solo Oil is to acquire Ilakon, a wholly-owned subsidiary of Obtala Resources which holds the rights to the Mina El Carmen block in Argentina. A binding heads of agreement has been signed with Obtala in an all shares transaction valuing the block, which covers 4,940 acres on the northern side of th

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23 Feb 2011 12:55

Small caps round-up: Andor, Obtala

Scientific digital camera manufacturer Andor Technology's current order book is at a record level. However, while the systems division has delivered greater unit sale values, margins have been hit by "reduced manufactured content". Andor also remains exposed to the volatility of the currency marke

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12 Oct 2010 18:36

Obtala sells Firestone stake

Obtala Resources has raised £4.9m by selling its shares in AIM-quoted Firestone Diamonds. AIM-quoted Obtala obtained the 22.65m shares when Firestone took over Kopane Diamonds, in which Obtala had a 16.15% stake. Firestone made an all-share offer. The shares were sold last Friday when Firestone w

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30 Jul 2010 07:36

Obtala Resources Shinyanga Survey Identifies 7 Drill Targets

LONDON (Dow Jones)--Obtala Resources PLC (OBT.LN), a resources investment, development and production company, said Friday that results from the Shinyanga survey, Lake Victoria Goldfields of Northern Tanzania, indicate that bodies of sulphide mineralization may exist in a series of areas including

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19 Jul 2010 07:39

Obtala Resources Recovers 23.3 Carat, 11.92 Carat Stones

LONDON (Dow Jones)--Obtala Resources PLC (OBT.LN), a resources investment and development and production company, said Monday it has recovered a 23.30 carat and 11.92 carat "special" stone from its Bakidu diamond operation in Sierra Leone. MAIN FACTS: -In addition to this special stone (defi

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