Member Info for jange

Once better known as a football agency, cash shell Premier Management (PRM) has taken up its option to acquire Central Asia Resources. Serial mining entrepreneur John McKeon is behind the deal, which will lead to the AIM minnow picking up a controlling stake in a minerals exploration company based in the Kyrgyz Republic. The third largest gold producer of the CIS countries, it has a well developed mining industry with robust ancillary services. The main focus is the Cholokkaindy Project License, situated to the north west of the Tien Shan metallogenic belt. Across the 1500km belt from Western Uzbekistan to Western China there are a number of gold deposits, as well as producing mines. Premier intends to acquire licenses and projects to exploit opportunities in natural resources in Central Asia - with a particular emphasis on precious metals in the Kyrgyz Republic. The intention is to relist and change the name to Premier Gold Resources to reflect its new found direction. To fund the acquisition, it is issuing new shares at 3p, which represents a huge premium to its currently suspended share price of 0.76p. However, last year it did raise a combined £2.24 million in two placings at 3p to help fund planned exploration work. Dealings are due to recommence on AIM on 30 March. One for McKeon fans

strange patterns with the holdings perhaps mckeon is taking some of there hands again.........just feels like some news is going to break soon.............

Good steady rise today,lets hope it continues to run up to news.................................

Hopefully news soon,ive had a few laughs at my expense from some friends for being invested here.............Hopefully i can turn it around with some good news.......

2nd Resistance Point 0.130 1st Resistance Point 0.120 Last Price 0.110 1st Support Level 0.100 2nd Support Level 0.090

........number of Trades 19 Vol Sold 9,339,041 Vol Bought 18,500,579

The Cholokkaindy area has been explored by private concerns and government agencies, for a variety of commodities, since the 1920s. Exploration on the Cholokkaindy licence is seasonal and the field camp can typically be established from April to October. The mountain climate during the field season is mostly dry with temperatures rarely as high as 30°C. The licence area is typically under snow from November until March, however, once in production mining can take place uninterrupted throughout a calendar year. Premier Gold began exploration in the Cholokkaindy licence in late 2010. Since then a total of 2,209 soil samples have been collected and analysed. A further 803 prospecting samples and 785 trench samples, from 4,000 cubic metres of trenching, have been processed. Soil geochemistry has been completed over most of the central part of the licence and gold in soil anomalies remain open in most directions

The Cholokkaindy licence covers an area of 3,200 hectares (32 km2) and is located about 20 kilometres south of Kara Balta and 80 kilometres west-southwest of Bishkek. The exploration strategy is to assess the prospectivity of the Cholokkaindy licence through soil geochemistry, geophysics, trenching, prospecting and geological mapping and use this data to define quality targets ready for drill testing. This approach has already proved successful. Initially, the four exploration prospects, based on historical work and topography, were Talbaital, Jarkonush, Aksai and Torsai. However, mapping and sampling by Premier Gold in 2012 initiated a reassessment of the mineralisation styles and it is now more accurate to refer to ‘mineralised trends’ rather than topographically defined exploration prospects. Accordingly, two mineralised trends have been identified. The Talbaital – Jarkonush trend is a minimum of four kilometres long and up to 750 metres wide. It is well defined by numerous gold in soil geochemical anomalies supported by series of mineralised zones seen in trenches and outcrop trending North-West to South-East in the southern part and swinging into a more North to South orientation in its northern part. This evidence all indicates multiple mineralised structural zones within the Talbaital – Jarkonush trend. The Aksai – Torsai trend is parallel to the Talbaital – Jarkonush trend and there are extensive gold in soil anomalies and gold in outcrops which support this interpretation. The Aksai – Torsai trend is now considered a minimum of two kilometres in length and up to 750 metres wide. Taken together, both trends highlight the potential for a large mineralising system in the licence.

Kyrgyzstan produces circa 19 tonnes of gold in per annum making it the CIS’s third largest gold producer, after Russia and Uzbekistan. In the mid nineties, production was sourced from a single mine which produced 1.5 tonnes per year. However, the development of several new mines, following on the Kumtor mine should allow production to increase over the next few years. Furthermore, more than 40 gold deposits with economic potential are said to have been discovered in Kyrgyzstan, and it is likely that this figure could easily double with further exploration and deposit evaluation. However since the break-up of the Soviet Union the industry has languished. The main reason for the excellent potential for gold in Kyrgyzstan is geological. A major geological zone called the Tien Shan Gold Belt extends through much of Central Asia, from Western Uzbekistan to Western China. This is one of the richest gold regions of the Earth’s crust, home to world class deposits such as Muruntau 5,400 tonnes (175Moz), Amantaytau, 700 tonnes (22 Moz), Kalmakir 2,800 tonnes (90Moz), Almalyk, 2180 tonnes (70Moz), Kumtor, 562 tonnes (18Moz) and Zarmitan, 340 tonnes (11M oz). In Kyrgyzstan, most of the known gold reserves are concentrated in four major deposits that are being exploited or are close to production. In first place is Kumtor, mentioned above. Makmal, currently with only small production, is said to have remaining reserves of 60 tonnes. Jerooy is quoted as having 107 tonnes with Taldybulak estimated to contain more than 70t of gold. Finally, in addition to the formal sector, there is known to be extensive artisanal gold mining activity, predominantly alluvial production from rivers and streams. This activity is spread across the whole country. Such activity supports the view that the country is underexplored and Kyrgyzstan is capable of becoming one of the top ten gold producing nations in the world, assuming success in improving its minerals development policies.

n creating supply, gold mining companies operate on every continent of the globe. This broad geographical dispersal means that issues, political or otherwise, in any single region are unlikely to impact the supply of gold. Beyond mine production, recycling accounts for around a third of all current supply. In addition, central banks can also contribute to supply should they sell part of their gold reserves. It is worth noting that after 18 years as net sellers, collectively central banks are now effectively net buyers, causing not only a significant decrease in supply but a corresponding, simultaneous increase in demand. China is the largest producer of gold today, with 13.1% or circa 360 tonnes. South Africa, for most of the twentieth century the biggest miner, has now slipped to fifth place (see the chart below). Centerra’s Kumtor mine in Kyrgystan produced 18.2 tonnes in 2011, making it one of the top ten mines in the world. These figures do not include gold production from the thousands of mainly artisanal producers worldwide

I think your spot on with what you say about news sending this north like rem,I belief good results will be issued once the local issues are resolved...............I got in to rem at these prices and made a nice profit but sold way to early but thats another story lol.

Shareholer Number of Ordinary Shares % Lanstead Capital L.P. 385,051,118 28.3 John Mc Keon 147,689,063 10.8 Peel Hunt LLP 137,116,957 10.0 This table was last updated on 8 July 2014. Director Number of Ordinary Shares % Christian Schaffalitzky 23,177,341 1.7 Gerald Desler 8,984,672 0.7 Richard Nolan 5,000,000 0.4 Garth Earls 5,000,000 0.4 Colonel Bob Stewart 3,000,000 0.2

Software company Kofax said it is still confident in its business after disappointing nnau results with total revenues below expectations, causing the stock to tank on Friday. The group said IFRS software licence revenues are expected to be around $116.5m to $118.5m in the year to June 30th, representing just 4-6% growth on the $112.2m reported the previous year. It had previously expected low double-digit percentage growth in software licence revenues for the year. Total revenues will be between $287.5m and $290.5m and income from operations will be $33.5m to $35.5m; both are up year-on-year but below guidance. Chief Executive Officer Reynolds Bish said: "These unexpected shortfalls are primarily attributable to several seven figure software license revenue transactions totalling approximately $6.0m slipping into future quarters during the last few days of our fourth quarter."

Positive Points: Group customer numbers increased to 3.9 million compared to 3.6 million for the first half of last year. UK car insurance vehicle count expanded to 3.1 million (H1 2013: 3.0 million). International car insurance vehicle count rose to 600,000 (H1 2013: 500,000). Management noted that "our European price comparison businesses have had a good, profitable first half of the year and we're encouraged by the very early indicators from comparenow.com in the US, which would suggest meriting an increase in marketing investment in the second half." The insurer has consistently maintained a low-risk investment strategy. In its core UK market, focus remains on margin over volume. The company has moved to diversify its capital base.

Highlights: Total group premiums declined by around 9% year-over-year. UK customer numbers increased by over 4%. International car insurance vehicle count increased to 600,000 (H1 2013: 500,000). The company announced its first bond issue in order to diversify its capital base. Negative Points: Total group premiums declined by around 9% year-over-year. Management commented "as previously noted, our margin expectations for business earned this year are lower than in recent years, in the main as a consequence of the decline in premiums. Much of the impact of the reduced margin will be reflected in earnings of subsequent years." The insurer operates in a highly competitive insurance space. A renewed outbreak of price competition in the UK motor insurance market could affect operating profit margins. Regulatory interference could have a negative influence on future business development. International car insurance turnover stayed flat at £0.1 billion (H1 2013: £0.1 billion). The group has exposure to foreign exchange risk through its expanding overseas operations.

First half trading update: The group's Chief Executive noted that "In the UK there are some signs that premiums are no longer falling but we have yet to see firm evidence of an inflection point and a return to premium growth." Total group premiums declined by around 9% compared to the first half of last year. The share price moved lower in early UK stockmarket trading, declining by over 5%. Management also highlighted that "as previously noted, our margin expectations for business earned this year are lower than in recent years, in the main as a consequence of the decline in premiums. Much of the impact of the reduced margin will be reflected in earnings of subsequent years." More positively, UK customer numbers increased by over 4%, with management's expectations for the UK business in 2014 remaining unchanged. The company also went on to note that "outside the UK, our international insurance operations continue to grow and make positive progress." Away from current trading, Admiral also announced its first bond issuance. Management noted that "Since Admiral went public in 2004 we have been unleveraged, but we think that with a favourable market and rates that seem very reasonable, now is a good time to diversify our capital base." The insurer intends to offer up to £200 million of ten year, tier two, subordinated notes.

Positive Points: Primark's revenue growth in the quarter accelerated to 22% at constant exchange rates bringing the year-to-date sales increase to 17%. Year-on-year selling space has increased by one million square feet from nine million square feet last year. The retailer now has five stores in France with three openings during the quarter in the suburbs of Paris. Full year adjusted earnings per share are now expected by management to be ahead of last year, with better profit progress in Retail, Grocery and Ingredients offsetting the adverse effects of lower sugar prices and the strengthening of sterling. Net debt at 21 June 2014 was £287 million lower than the half year at £540 million, and a further reduction by the board is expected by the year end. At its Grocery business, profit and sales momentum at Twinings Ovaltine continued in the period. Revenues at George Weston Foods made further progress as meat volumes continued to improve. A progressive dividend policy continues to be pursued. The half year dividend was increased by 4% year-over-year.

Financial Highlights: Primark third quarter sales 22% ahead on a constant currency basis. Full year adjusted earnings per share now expected to be ahead of last year. Sugar revenues in the last 16 weeks were 20% lower than last year at constant currency. The likely negative impact arising from currency translation, if current exchange rates prevail, is expected to be £50 million compared with last year's result. Negative Points: Sugar revenues in the last 16 weeks were 20% lower than last year on a constant currency basis. Substantially lower sugar prices, weaker EU sales volumes and lower sugar production in North China all impacted. The likely negative impact arising from currency translation, if current exchange rates prevail, is expected to be £50 million compared with last year's result. Revenues at its Agricultural business were 10% behind last year in the quarter on a constant currency basis, with lower commodity prices reducing sales values at AB Connect. Volatility in commodity prices remains in the background.

Third quarter trading update: Primark remained the driving force, helped along by both the Grocery and Ingredients businesses. Management's upgrading of full year adjusted earnings per share was a welcome surprise, with the reduction in group net debt another positive. Cost conscious consumers continue to fuel growth at Primark, with store openings in France a particular feature in the third quarter and the group's plans to enter the US in 2015 being reiterated. Less favourably, the group's sugar business remained under pressure, thanks largely to lower sugar prices, whilst the recent strength in the pound is reducing the profitability of its overseas operations. In all, we believe AB Foods remains a positive story. A conservative international roll-out of Primark stores is still being pursued, grocery brands such as Twinings offer ongoing global appeal, while even the currently pressured sugar business generates potential longer term emerging market attractions as disposable incomes grow. Nonetheless, with the share price having already outperformed the FTSE-100 index by around 60% over the last year alone,

Financial Highlights: As previously outlined, FirstGroup intend to invest approximately £400 million per annum across the group over the next three years. Negative Points: Volatile fuel costs remain a concern. A slowdown in the UK economy or rise in unemployment may cause a reduction in UK Bus & UK Rail volumes. No final dividend was paid when full year results were announced on 21 May 2014. The company was previously forced to launch a heavily discounted rights issue of £615 million to avoid a damaging downgrade to its credit rating. Positive Points: Across the group, trading during the first quarter was reported to be in line with management expectations and its transformation programmes are on track. Upbeat accompanying management comments noted - First Student: "encouraged by progress of contract portfolio pricing programme". First Transit: "continued strong financial performance with modest capital requirement". Greyhound: "improved revenue trends, helped by a more stable economy". UK Bus: "revenue growth underpinned by increased passenger volumes". UK Rail: "robust passenger revenue growth maintained". FirstGroup is also shortlisted for two further competitions during 2014/15 as part of the pipeline of 14 major UK rail franchise opportunities. Furthermore, negotiations are progressing with the Department for Transport to operate its First Trans Pennine Express franchise until February 2016.