The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Barrie Whipp, Executive Chairman, commented: "mpro gemini is a significant leap forward in the capability of our software products. We have learnt from our customers and incorporated many of their feature requests into mpro gemini. The ability to complete jobs on particular assets, with before and after photos, geotagging and manage associated parts is a significant step forward."
http://www.iii.co.uk/news/?type=aimnews&articleid=8267361&action=article
RNS Number : 7423H Creat Resources Holdings Ltd 02 June 2011 2 June 2011 Creat Resources Holdings Limited ("CRHL") EXPLORATION UPDATE - DRILLING AT TENTH LEGION MAGNETITE PROJECT WESTERN TASMANIA Creat Resources Holdings Limited (the "Company") (AIM: CRHL) is pleased to announce the following update on progress at Exploration Licence 30/2002, Western Tasmania. The drilling program, comprising over 5000m of diamond drilling, has recently been completed at Tenth Legion prospect, EL30/2002. The final three drill holes of the program are being dispatched to ALS Burnie Research Laboratories for assaying. The assay results for the final holes of the program are expected in 3-4 weeks. At this point, all drilling results for Tenth Legion will be summarised and announced to market. For further information please visit www.creatresources.com or contact: Creat Resources Holdings Limited Yasmine Healy
* Panmure cuts Renovo price target to 22P from 30P; rating buy
Highlights Cash balances at period end of 2010: £3.6m (2009: £2.3m). Completed disposal of landfill gas asset, Bryn Posteg, giving a profit on disposal of up to £600k and realising up to £2.75m in cash. > Completed disposal of German wind assets to Allianz Renewable Energy Management GmbH for total cash consideration of up to €39.8m, realising up to £7.6m in cash after repayment of project debt. Retain approximately 27% shareholding in Carnegie Wave Energy Limited. At the 31 December 2010 the market value of the shares was approximately £16.8m. Roger Harper appointed to the Board as a Non-Executive Director, replacing Roger Witcomb.
Financial Highlights · Cash consumed in operations during the half year was £7.6 million (period to 31 March 2010: £8.3 million). · Net cash position including investments at 31 March 2011 was £44.4 million (31 March 2010: £58.0 million) - a reduction of £7.4 million during the period (period to 31 March 2010: £7.3 million) · In early March 2011, the company initiated a 90 day consultation period with staff with a view to reducing headcount by more than 100 including a substantial reduction in the size of the Board. If all staff are made redundant during June 2011 and all closure costs settled other than the ongoing clinical trials, then Renovo expects to have approximately £33 million in cash and equivalents at 30 June 2011. Commenting on these interim results, Professor Mark Ferguson, Chief Executive Officer of Renovo, said: "I am greatly surprised and saddened by the results of the first Juvista Phase III trial. We must now maximize returns to shareholders and we are actively progressing that strategy. We will update shareholders with our plans following the completion of the statutory consultation period."
The company realised 1,100 tonnes of copper produced in concentrate in the first quarter of this year, compared with 428 tonnes in the fourth quarter of 2010, representing a 160-percent increase in production. At its second mine, Thakadu, African Copper says it has continued with overburden stripping and ore mining to provide both mining and processing flexibility.
Interesting to note that CRHL are the major shareholders holding 38,091,616 shares in Galaxy; representing 11.78% of the Company. http://www.galaxylithium.com.au/documents/DocGXY-175TrancheTwoTop20110523_000.pdf
Thanks for your 08:14 post; it certainly makes impressive reading.
I think it would be prudent to sell these and move funds into ECR. They have gold galore!
I think these will come good very soon. They have the products and there is a demand for them All that's needed is a Sales Team.
http://www.iii.co.uk/news/?type=aimnews&articleid=8244354&action=article
Exercise of option and repayment of loan facility On 6th August 2008, the Company announced that it had secured a borrowing facility of up to £300,000 with the Goodwin Accumulation and Maintenance Trust (the "Trust"), a trust of which Stephen Goodwin, the Company's Chief Executive, is a trustee, and granted an associated option to purchase new Ordinary Shares up to a value of 50% of the loan facility. The initial term of eighteen months was extended for a further eighteen months in March 2010. Crimson Tide is pleased to announce that the Trust has decided to exercise the option and purchase 7.5 million new ordinary shares in the capital of the Company (the "Option Shares") at an exercise price of 1 pence per share. At the same time, the Company will repay the remaining balance of the outstanding loan of £212,492.05 using part of the funds raised in January 2011 and cancel the balance of the option facility. Following completion of these transactions, the Company's borrowings will have reduced to £30,000 (repayable this year) with the resulting reduction in future interest costs. Application will be made to the London Stock Exchange for the admission of the shares to AIM and admission is expected on 18 May 2011. Following admission to AIM of the Option Shares, the Company will have 445,486,234 Ordinary Shares in issue. Pursuant to Rule 13 of the AIM Rules for Companies, the exercise of the option and repayment of the outstanding loan by the Trust constitutes a related party transaction. The Board of the Company (excluding Stephen Goodwin), having consulted with the Company's Nominated Adviser, W.H. Ireland Limited, considers that the transactions are fair and reasonable insofar as its shareholders are concerned. Barrie Whipp, Executive Chairman of Crimson Tide, commented: "We're delighted that the Trust has opted to exercise its option, which not only underlines Steve's confidence in the business and its opportunities but which also enables the Company to conserve considerable cash balances for accelerating its growth strategy. We have a profitable company with an excellent pipeline for growth, the necessary capital with which to expand and a negligible level of debt." As a result of exercising the option, the trust will hold 9,150,000 Ordinary Shares, representing 2.05% of the new total issued share capital.
I'm still in and waiting for some 'soon to be announced' spectACUlar results.
http://www.iii.co.uk/news/?type=aimnews&articleid=8241598&action=article
Kerr Anderson, Ormonde's Managing Director, said: "The selection of Jacobs is an important milestone in the development of the mining operation at Barruecopardo, and we are extremely encouraged by the testwork results showing liberation of the tungsten at even coarser crush sizes than indicated by the original programmes. This has positive implications for cost savings in the mineral processing operation. In the tungsten market, the fundamental supply issues that developed in the second half of last year continue, with current European APT prices of US$448 per metric tonne unit compared to US$245 in September last year when we reported the results of the Scott Wilson Mining Study".