focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Again quite a lot of buying today
Some one is loading up 80000 followed by 175000 Maybe leak
Nice 100k just gone through @17
Something is going on here
Very high volume today
HaiKe Chemical Group Limited (LON:HAIK) is a huge mover today! The stock increased 27.31% or GBX 1.77 on April 13, hitting GBX 8.27. HaiKe Chemical Group Limited (LON:HAIK) has 0.00% since September 14, 2015 and is . It has underperformed by 7.31% the S&P500. The move comes after 7 months positive chart setup for the GBX 3.44M company. It was reported on Apr, 14 by Barchart.com. We have GBX 13.40 PT which if reached, will make LON:HAIK worth GBX 2.13M more. HaiKe Chemical Group Ltd. is a China investment holding company. The company has a market cap of 3.44 million GBP. The Company, together with its subsidiaries is engaged in manufacturing of specialty products in China. It has 4.66 P/E ratio. The Company’s subsidiary, Dongying Hi-tech Spring Chemical Co., Ltd is engaged in manufacturing and Haike Trading Hong Kong Limited is engaged in trading.
Gulfsands Petroleum plc (LON:GPX) is a huge mover today! The stock increased 31.25% or GBX 1.88 on April 4, hitting GBX 7.88. About 1.65M shares traded hands or 85.84% up from the average. Gulfsands Petroleum plc (LON:GPX) has risen 65.79% since September 1, 2015 and is uptrending. It has outperformed by 58.97% the S&P500. The move comes after 8 months positive chart setup for the GBX 38.88 million company. It was reported on Apr, 5 by Barchart.com. We have GBX 22.69 PT which if reached, will make LON:GPX worth GBX 73.09 million more. Gulfsands Petroleum Plc is a United Kingdom independent gas and oil exploration and production company. The company has a market cap of 38.88 million GBP. The Company’s focus is on the gas and oil exploration projects in Morocco and Tunisia. It currently has negative earnings. The principal activity of the Company is that of provision of services to its subsidiaries which are engaged in gas and oil production, exploration and development activities
stock of HaiKe Chemical Group Limited (LON:HAIK) gapped up by GBX 0.375 today and has GBX 14.77 target or 176.00% above today’s GBX 5.35 share price. The 9 months technical chart setup indicates low risk for the GBX 2.12M company. The gap was reported on Mar, 29 by Barchart.com. If the GBX 14.77 price target is reached, the company will be worth GBX 3.73M more. Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 15.68% or GBX 0.72 on March 24, hitting GBX 5.35. HaiKe Chemical Group Limited (LON:HAIK) has declined 59.18% since August 27, 2015 and is downtrending. It has underperformed by 57.08% the S&P500. HaiKe Chemical Group Ltd. is a China investment holding company. The company has a market cap of 2.12 million GBP. The Company, together with its subsidiaries is engaged in manufacturing of specialty products in China. It has 3 P/E ratio. The Company’s subsidiary, Dongying Hi-tech Spring Chemical Co., Ltd is engaged in manufacturing and Haike Trading Hong Kong Limited is engaged in trading.
Broker Round-up: Sale of BGML ‘major turning point’ for Kolar Gold Share 14:43 12 Jul 2013 Confirmation of a sale by tender of the historic Bharat Gold Mines (BGML) in India is a major turning point for Kolar Gold (LON:KGLD), according to Ocean Equities. Kolar shares rose again today and are up by a third since yesterday’s announcement. The acquisition of BGML is a key objective for the company, said Ocean. It has already acquired exploration licences to the north, south and east of the historic workings to capture the strike extensions of the gold bearing structure as well as offshoots from the main trend. Ocean says the attractions of BGML include vast quantities of tailings from the historic production. There are approximately 32Mt of tailings that have an average grade of 0.72g/t gold for a total of 740koz gold. There are also known areas of high grade gold close to surface that could be developed through open pit mining, Ocean said. The broker expects significant interest from international mining groups given the opportunity to develop a significant presence in India, though it suggests the tender process is likely to move slowly given Kolar’s own experience in the country.
BROKER NOTES FOR KOLAR GOLD (DATA DELAYED BY 3 MONTHS FOR FREE USERS) AllUpgradedDowngradedRetained Broker Start Date Action Previous Recomm. New Recomm. Recomm. Change Prev. Target New Target Share Price Target Change Our Score N+1 Singer 10/12/2013 Reiterates Corporate Corporate 0 5.88 0 N+1 Singer 28/10/2013 Reiterates Corporate Corporate 0 3.75 0 N+1 Singer 11/07/2013 Reiterates Corporate Corporate 0 4.25 0 N+1 Singer 26/03/2013 Reiterates Corporate Corporate 0 4.00 0 N+1 Singer 28/01/2013 Reiterates Corporate Corporate 0 9.75 0 N+1 Singer 02/04/2012 Reiterates Buy Buy 0 38.50 38.50 13.13 0 2 Beaufort Securities 18/01/2012 Reiterates Buy Buy 0 20.00 20.00 13.88 0 2 N+1 Singer 06/12/2011 Reiterates Buy Buy 0 38.50 38.50 14.75 0 2 N+1 Singer 29/09/2011 Initiates/Starts Buy 2 38.50 20.75
Merger discussions with Deccan Gold Mines Limited ("DGM") have been in abeyance while DGM has focused on raising its own funds through a rights issue on the Bombay Stock Exchange which was completed on 9 November 2015 and raised £5.10 million. The logic of the merger, to create India's largest listed gold exploration company, remains strong and GMSI has indicated that discussions are likely to be renewed in 2016. Kolar Gold shareholders will be kept fully informed of developments. The achievability of obtaining a listing for GMSI shares either through a merger with DGM or by a listing on the Bombay Stock Exchange will only become clearer once the economic feasibility of constructing a mine at Jonnagiri are better known. BGML The revival of the BGML Gold Mine continues to be discussed at state and central government level but the form and timing of any tender remains uncertain despite previous indications that a process was likely to commence. The Company continues to pursue discussions with Government agencies, its partners and interested parties but the form and timing of the tender for this asset have still not been confirmed by the Government. Strategic Review Against this background the Company has taken further steps to preserve cash to extend the life of the Company beyond the end of 2016. The Company is reviewing its strategic options with the intention of considering all available opportunities for maximising value for shareholders. These include · exploring the possibility of realising the value of its investment in India in an orderly manner, including the possible sale of one or more of the Company's assets or subsidiaries; · investigating mining opportunities outside India, where Kolar Gold as a vehicle could be an attractive platform for current and new investors; and · seeking new investors who may be prepared to invest in the share capital of Kolar Gold. These options could involve a third party making an offer for the Company's shares or the Company making an acquisition for cash and/or shares and/or delisting from AIM. If the Directors are unable to see a long term future for Kolar Gold they will consider winding up the Company and returning capital to investors
GMSI and Deccan Gold Mines ("DGM"), the only gold exploration company listed on the Bombay Stock Exchange, continue to review the proposal to amalgamate the two companies, their respective projects and resources, by way of a scheme of arrangement and for the combined group to be listed on the Bombay Stock Exchange (BSE). The expected timing and likelihood of this is later in this calendar year, following the current DGM fund raising via a rights issue. There are also alternative strategies available to GMSI for listing on the BSE. As at 31 December 2014 the Company valued its investment in GMSI at £2.83million (30 June 2014: £2.50 million). BGML Tender Kolar Gold continues to pursue jointly with the BGML mine employee united unions the proposed acquisition and revival of the historic BGML gold mine in the Kolar Gold Fields in Karnataka. The parties have a Right of First Refusal when the tender proceeds. In 2013 a Supreme Court ordered the Government of India to proceed with BGML sale tender and revival. With the election pending in May 2014 this did not happen. The new government is showing support for development projects such as this, which will attract foreign direct investment into India and develop a gold mining industry that is in its infancy. However, making progress requires support from the new government executive and we are working to achieve this in Delhi and at the state levels. However, competition from numerous projects and industries seeking government attention is high. Cash Balances The Company's overheads for the period were £593,000 (2013: £605,000), and the Company continues to utilise its working capital to invest in GMSI. As at 31 December 2014, the Company's cash balances were £2.4m and at the date of this report were £1.97m. The Company is continuously monitoring the rate of cash usage to ensure a balance between investment and achieving major milestones and having sufficient working capital to remain a going concern. The Company is also investigating ways of raising further capital to support our stated gold objectives in India. Allowing for the Company's budgeted run rate there are sufficient funds to continue operations until the third quarter in the 2016 calendar year and to make the investments in GMSI in March and May 2015 identified above. However these cash flow projections would not enable the exercising of the GMSI option, which is at the discretion of the Company. It will therefore be necessary to raise additional funds in order to exercise this option. Harvinder Hungin, Chairman of Kolar Gold Limited, commented: "The agreement reached amongst the major shareholders of GMSI at the end of 2014 was a key milestone. Extensive exploration drilling is underway at Jonnagiri and we are eagerly awaiting the results over the next few months. Jonnagiri has the potential to be a produci
December 2013 Deccan Gold Mines ("DGM"), whose shares are listed on the Bombay Stock Exchange and which currently has a market capitalisation of $22m, announced that its board had, subject to relevant regulatory approvals and consents, given its in-principle approval for an amalgamation of DGM and Australia India Resources ("AIR") - the largest shareholder in GMSI. This merger is proposed under a court approved Scheme of Arrangement in Mumbai. DGM has a number of gold mining assets, key amongst them being the Ganajur Prospect Licence, which has 308k ounces of JORC Resource confirmed by SRK mining consultants and a final stage mining lease application pending. Upon completion of the proposed amalgamation DGM will own and control AIR's interests in GMSI. Additionally the board of DGM has given in-principle approval for the acquisition of the remaining 62.45per cent equity interests in GMSI not held by AIR, including Kolar Gold's shareholding in GMSI. Since the announcement of the proposed merger, GMSI and DGM have been preparing their respective companies' valuations and proposed share swap ratios together with the scheme for approval by the Indian court. It is Kolar Gold's understanding that the scheme is almost fully prepared. It is also the understanding of the Board of Kolar Gold that the merger would require new funding to be raised to finance the activities of the enlarged group, which it is anticipated will occur at the completion of the amalgamation, from the Indian and international capital markets. The Board of Kolar Gold believes that the proposed merger between GMSI and DGM and the associated fund raising will create a unique, significant and potentially well capitalised listed gold mining and exploration player in India. If the transaction is completed Kolar Gold will own a proportional stake in the merged, listed entity. It is likely that Kolar Gold, together with other major GMSI shareholders, will have the opportunity to invest in the merged DGM/GMSI entity. Shareholders should note, however, that the Board of Kolar Gold has not received any firm proposal for it to consider in relation to the proposed merger. If and when such a proposal is received the Board will consider it and advise shareholders of the terms and what action, if any, it is proposed the Company should take. Importantly, Kolar Gold has given no commitment or undertaking that it will participate in the DGM/GMSI funding from its existing cash resources. In parallel with this, Kolar Gold continues to work on the proposed acquisition of Bharat Gold Mines Limited ("BGML"), which represents a significant and separate opportunity and remains the second limb of Kolar Gold's strategy. The tender for the privatisation was expected to be issued before the recent election, following the 2013 decision of the Supreme Court of India instructing the Government to proceed with the asset sale and mine revival.
RNS Number : 2895M Kolar Gold Limited 15 July 2014 ? KOLAR GOLD LIMITED Update for shareholders and investors Since its listing on AIM in June 2011, Kolar Gold's objective has been to become one of the leading participants in the developing Indian gold exploration and mining sector. Following the elections in India earlier this year, the Board of Kolar Gold believes that the environment for the Company's activities has improved and remains confident of progress in the future. The Board reviewed its strategy in 2013, in light of the slow pace of progress with its gold licence and exploration activities, and revised its arrangements with its partner, Geomysore Services India Private Limited ("GMSI"), in order to focus on developing prioritised, later stage gold exploration and mining licences. At the same time measures were taken to reduce costs and preserve cash. As part of this revised strategy, in August 2013 Kolar Gold entered into new arrangements with GMSI, which included further investment at that time and which included Nick Spencer joining the board of GMSI. In exchange for dissolving the 2011 agreements with GMSI, the cancellation of a loan of £300,000 to GMSI from Kolar Gold and the investment of £700,000, Kolar Gold gained a 30per cent shareholding in GMSI. This investment gave Kolar Gold direct exposure to GMSI's extensive portfolio of Indian gold licence rights and applications, including a new project at Jonnagiri that did not fall under Kolar Gold's initial 2011 agreements with GMSI. In October 2013, GMSI was granted a mining licence at Jonnagiri, the first such grant in India for gold since 2003. Jonnagiri has 720k ounces of JORC Resource and an exploration target of 2-5Moz, which was validated by a competent person's report conducted by Mining Associates. GMSI is now working on developing this resource. Kolar Gold has recently invested $100,000 into GMSI for ongoing expenses. GMSI continues to discuss its options with the Kolar Gold Board and third parties with regard to securing future financing however Kolar Gold has no obligation to make any further investment. Kolar Gold's holding in GMSI is currently 24.65 per cent. In December 2013 Deccan Gold Mines ("DGM"), whose shares are listed on the Bombay Stock Exchange and which currently has a market capitalisation of $22m, announced that its board had, subject to relevant regulatory approvals and consents, given its in-principle approval for an amalgamation of DGM and Australia India Resources ("AIR") - the largest shareholder in GMSI. This merger is proposed under a court approved Scheme of Arrangement in Mumbai. DGM has a number of gold mining assets, key amongst them being the Ganajur Prospect Licence, which has 308k ounces of JORC Resource confirmed by SRK mining consultants and a final stage mining lease application pending. Upon completion of the proposed am
Growth Company Investor examines why Chinese small-cap shares aren’t grabbing attention on London’s junior market. The appetite for investing in Chinese companies listed in London has not improved since the Financial Times reported in April last year that multiple Chinese companies were finding it difficult to raise money in the financial capital. In 2011, it was stated by Growth Company Investor that more than 600 companies from mainland China were listed on the Hong Kong Stock Exchange and another 350 were listed on various exchanges in the US but the number of Chinese companies quoted on the AIM market stood at just 43 at the time, down from a peak of 68 in 2008. 2011 did not prove to be a turnaround year for the Chinese stocks as number of scandals plagued their reputation as good investments. Most obvious was Sino-Forest scandal, which saw the US-listed forest plantation operator investigated for fraud after it was accused of inflating the value of its assets. Hedge fund manager John Paulson was forced to sell off his stake at a $720 million (£462.4 million) loss after the shares fell 82 per cent in value after the release of a damming investigative report. The company filed for bankruptcy in Canada in March 2012. More recently Asian Citrus, an AIM-listed orange plantation group, came under pressure to defend its production figures after it fell under attack – remarkably from Chinese authorities - alleging it had overstated the number of oranges produced. Similarly US-listed China Agritech was sued last year by an investor for overstating revenues and omitting to disclose ‘significant related-party transactions’. LSE officials who have monitored Chinese IPOs since 2008, including Tracy Pierce, former director of equity primary markets, have been quoted as blaming the recession for the lack of traction Chinese companies are able to gain. The ‘Chinese risk-factor’ by which Pierce points to the lack of ‘high standards’ kept by such outfits despite encouraging growth coming from the Asian dragon is now the foremost concern for potential investors. Looking at the efforts by Chinese companies to raise funds on the London market makes for uninspired reading. Auhua Clean Energy, a Shandong-based green technology company drummed up just £1 million of the £3 million to £6 million in private investment it said last year it planned to raise. Similarly, last March Fuzhou-based sports retailer Naibu outlined a plan to raise an ambitious £50 million to expand capacity in China. Instead, it came to market with just £6 million from private investors. In the same month Rare Earths Global, a Chinese mining services group, joined AIM with $10.2 million in private investment raised, a substantial $40 million less than anticipated. The problem, therefore, largely revolves around rumour, suspicion and a lack of integrity. So, one naturally asks, why do the Chines
Quite few trades today .
The stock of HaiKe Chemical Group Limited (LON:HAIK) is a huge mover today! The stock increased 2.52% or GBX 0.12 on March 18, hitting GBX 4.87. About 20,000 shares traded hands. HaiKe Chemical Group Limited (LON:HAIK) has declined 59.18% since August 20, 2015 and is downtrending. It has underperformed by 57.00% the S&P500. The move comes after 9 months positive chart setup for the GBX 1.94M company. It was reported on Mar, 19 by Barchart.com. We have GBX 10.71 PT which if reached, will make LON:HAIK worth GBX 2.33M more. HaiKe Chemical Group Ltd. is a China investment holding company. The company has a market cap of 1.94 million GBP. The Company, together with its subsidiaries is engaged in manufacturing of specialty products in China. It has 2.79 P/E ratio. The Company’s subsidiary, Dongying Hi-tech Spring Chemical Co., Ltd is engaged in manufacturing and Haike Trading Hong Kong Limited is engaged in trading.
​Vedanta wants to revive Kolar Gold Fields PTI | Oct 2, 2013, 05.43AM IST NEW DELHI: Vedanta Resources , the natural resources conglomerate, is now eyeing expanding its footprints into gold mining and looking at bidding for now closed Bharat Gold Mines Ltd (BGML), which owns famous Kolar gold mines in Karnataka. Vedanta chairman Anil Agarwal said the government should begin the process of selling the assets of BGML "as quickly as possible" as the Supreme Court has already approved the asset sale plan. "Supreme Court has given order to the mines ministry. They should do it as quickly as possible. Foreign investors should come to India. Instead of importing gold, we should be producing. If anything comes, we should look at this opportunity," he said.