Member Info for jange

Sorry you sold out of GWMO with news so close, still got a holding there myself...............Good time to get in to PGR with share price so low still a punt though but as you know there have been alot more buys lately but if we can get the problems sorted they can start diamond drilling 2 weeks after access back to the sight and they believe they can score some good results.............Also the bod said they are looking at other projects that could bring shareholder value sooner?

increased my holding recently for my sinns lol........But i expect to hear news soon of another project while Cholokkaindy is on the back burner the bod have also stated they are looking closely at other projects so hopefully news soon holders............

More than 40 commercial or near-commercial gold deposits have been discovered in Kyrgyzstan, and this figure could easily double with further exploration and deposit evaluation. Prospecting and appraisal has been carried out at 28 deposits, most of which require further exploration and hundreds of mineralised targets are known........... Most of these gold reserves are concentrated in four major known deposits that are being exploited to a certain extent. The Kumtor and Makmal deposits are currently being developed, whilst the Jerooy and Taldy – Bulak deposits are undergoing evaluation. The Makmal deposit is rapidly reaching the end of its life, with production anticipated to cease within the next two years. Other smaller high grade, low tonnage deposits such as the Solton – Sary and Kuran - Dhzailiau, are being developed. The country’s placer gold deposits are being exhausted as well. One of Asia’s largest gold deposits with reserves estimated at 514t is the Kumtor mine. Kumtor’s gold production rose by 28% in 2003 as a result of higher grade mill feed (4.5 g/t Au) and the resumption of normal operations following the pit-wall failure in 2002. In the first six months of 2004, Kumtor produced 10.8 t. The Kumtor mine is situated in the Tien Shan Mountains at an altitude of over 4000m. The Kumtor Gold Company is a joint venture between Canadian Cameco (33.33%) and Kyrgyzaltyn. The joint venture is a major earner for the country, contributing 6% to Kyrgyzstan’s GDP. The Kumtor mine has a total resource estimated at over 28 Mt grading at an average of 4.9 g/t, which is equivalent to over 4.4 Moz gold. The Tien - Shan Gold Co was formed as joint venture with Cameco to explore gold potential around the Kumtor mine. It has focused its efforts on two prospective deposits, the Kokdzhar and Akdzhol that collectively have estimated resources of over 150 t gold. The Jerooy project is the second largest gold deposit in Kyrgyzstan. It has a 3.1 Moz resource; mineable by a combined open pit/ underground operation. The Jerooy Gold Company comprises a joint venture between an Oxus Gold subsidiary, Norox Mining and Kyrgyzaltyn. Preparations have begun for the development of the Jerooy gold deposit in partnership with Oxus Gold plc of the UK. The mine and all infrastructure should be completed by the middle of 2005 and commercial pro­duction should start in the second half. Oxus estimates that Jerooy contains 3.45 Moz (107.3 t) of gold. There is around 4.04 Mt averaging 4.9 g/t Au amenable to open-pit mining and 5.84 Mt at 9.3 g/t Au which could be deep-mined.............. The Taldy – Bulak deposit located in northern Kyrgyzstan is estimated to contain more than 50t of gold. Australia's Central Asia Gold Ltd is in partnership with Kyrgyzaltyn to develop the Taldy-Bulak Levoberezhny gold deposit. Central Asia Gold entered into a prelimi­nary agreement with Kyrgyzaltyn, the licence-holder, in Novemb

I have a holding here aswell.................Every dog has its day look at REM that turned in to a swan.........

Looking strong here some nice buys coming through..........got myself another nice wedge yesterday good luck all....

There's clearly support in the City for RPC - we hear that a £75m placing at 600p to part-fund the ACE deal, due to complete soon, was more than two times oversubscribed. A programme to save £12m of costs is entering its final phase, too, and results out on 4 June will meet forecasts. Broker JPMorgan has already upgraded EPS forecasts for the year to March 2015 by 4 per cent, and by 7 per cent for the year after. That means roughly double-digit growth for the next three years, poorly reflected in a forward PE ratio of under 13 and an enterprise value-to-cash profits ratio of seven. That discount to peers should really be a premium

Annual savings should reach £1m and RPC's blue-chip customer base is already opening doors for ACE. Organic operating profit has rocketed from just HK$94m (£7.2m) in 2011 to HK$245m last year on revenue up from under £58m three years ago to £104m in 2013. And both growth and margins have accelerated every year. First-quarter sales were "materially higher", too, although lower demand from the US motor industry due to bad weather and launch costs for a new iPad Air product meant profitability was flat. But those issues are one-offs, and demand, especially in Asia, is high. More rigid plastic containers are used there than anywhere else - about 30 per cent of global volumes - and consultancy Pira International forecasts a compound annual growth rate (CAGR) of about 10 per cent for the five years to 2018. And ACE management is obviously comfortable signing up to that earn-out which demands cash profit CAGR of at least 15.6 per cent out to 2017, weighted to year four. ACE does 30 per cent of its business in China, 38 per cent across the Americas and 13 per cent elsewhere. Less than a fifth of sales are to Europe. RPC already makes two-thirds of profits in euros and translating that into sterling hits earnings, which is why RPC wants to build a big presence elsewhere. Since launching its Vision 2020 plan last November, it has paid £103m for UK-based Maynard & Harris (M&H), which has a growing US business, and bought a Bosnian company called Helioplast with sales in eastern Europe. Both will boost earnings this year. (Global growth should be double the rate in Europe, says Pira.)

Things could get a bit messy without RPC Group (RPC). Its rigid plastic packaging houses everything from margarine and Ragu pasta sauce to Nivea sun lotion and hair care products for L'Oréal. Business is growing fast and a series of clever acquisitions could drive earnings up by 25 per cent next year. But with RPC's shares still trading at a big discount to peers, we feel the substantial benefits are yet to be priced in. Management has always bought well. Since paying £205m for Danish company Superfos at the bottom of the market in 2010, underlying earnings per share has surged by more than a third and RPC's share price has doubled. Now, it has snapped up China's ACE Corporation, one of the Far East's biggest manufacturers of plastic injection moulded components and injection moulding tools, for £255m - £178m upfront and the rest on earn-out over four years. ACE has been around for 25 years and is clearly very good at what it does. As well as traditional plastic packaging, it makes remote control car keys, engine parts, waterproof iPhone cases, syringes, golf tees and power switches. Half the business is home accessories and consumer electronics work for giants such as Philips, Unilever and P&G, and a fifth is automotive, both fast-growing sectors. And a multiple of 7.4 times cash profit on the initial consideration looks fair for the growth on offer.

Underlying growth looks good and performance should receive a boost as restructuring efforts continue. Even rand weakness won't last forever and Numis expects earnings to grow 18 per cent in the year to the end of March 2016. Despite having re-rated by a third since early February, the shares still only trade on around 13 times next year's forecast earnings - yet the average rating for the general financials sector is nearer 16 times. Moreover, and merely based on 2014's payout, the shares yield a superior 3.7 per cent. The re-rating has further to run..........but always dyor......

Investec isn't just a South African story, either - it generates over 30 per cent of earnings in the UK. The UK bank's performance mirrored that seen in South Africa: operating profit jumped nearly 30 per cent in the year to the end of March, helped by a significant decline in impairments and strong growth in professional mortgages and asset finance loans. Overall, UK operating profit rose by over 24 per cent last year. Going forward, Mr Kantor expects the earnings mix to shift towards the UK so that around 40 per cent of earnings are generated here. Progress is also being made with ditching non-core operations in a bid, explains Mr Kantor, to make Investec "more agile". In April, for example, the company announced the disposal of its sub-scale Australian banking unit for a hefty twice book value. And last year Investec said it was planning to sell Kensington, the UK intermediary mortgage business that it acquired just before the financial crisis struck. Given currently strong demand for bank assets, Kensington could fetch a high price, too. Disposal proceeds will be reinvested in growth areas and Numis expects to see "a combination of a higher ROE [return on equity] with a stronger capital base". Investec is making progress with both. The ROE rose from 9.4 per cent in 2013 to 10.1 per cent this year and management is targeting a return of around 12 per cent. Management also expects Investec's Basel III-basis equity tier-one capital ratio to exceed 10 per cent by March 2016, leaving it almost as well capitalised as big global lenders such as HSBC (HSBA)

Besides, the focus on the rand obscures an otherwise decent South African growth story. Admittedly, compared with other emerging markets, South Africa is hardly booming. But even after downgrades in April, the IMF still expects the South African economy to grow by 2.3 per cent in 2014 and by 2.7 per cent in 2015. In rand terms, Investec's specialist banking business grew operating profit by over 29 per cent in the year to the end of March, reflecting strong growth in fee and commission income. Credit quality looks good, too, and impairments in the South African book fell to a mere 0.42 per cent of advances (from 0.61 per cent). Add in decently performing asset management and wealth management operations and South Africa delivered a 25 per cent operating profit hike (in rand terms) for Investec last year.

Predictably, South African-focused asset manager and specialist bank Investec (INVP) has been hit by the rand's weakness, but with the underlying business performing well and currency pressures starting to abate, this could prove an excellent time to buy. Even after taking account of the currency hit, underlying pre-tax profit grew by a reasonable 6 per cent in the year to the end of March, and the shares are both undemandingly rated and offer an attractive yield. With management continuing to focus Investec onto its better-performing core operations, expect the shares to re-rate. Admittedly, currency weakness is no small issue. At present Investec generates around two-thirds of profits in South Africa and the weak rand - it slumped around 20 per cent against sterling in the year to the end of March - significantly offset underlying earnings growth. Near-term prospects for the currency don't look good, either. Immediate pressures reflect poor sentiment as the country's platinum miners continue their bitter strike. The impact on emerging markets currencies from US plans to 'taper' its quantitative easing programme is another factor. But matters may not be as grim as they first appear. Investec's managing director Bernard Kantor told Investors Chronicle that he thought the rand had been "oversold". Provided the government makes the right policy decisions, he even sees scope for the currency to "pull back quite significantly" - perhaps to around ZAr16 to the pound (from ZAr17.6 at present). If so, that would significantly relieve earnings pressures. Even if the rand just stopped depreciating, analysts at broker Numis Securities are looking forward to a "stronger year this year".

Positive Points: "The company continues to deliver robust operational performance and improving standards of customer service, notwithstanding the dry summer of 2013 and then the extreme weather and resultant flooding of last winter," said Pennon Chairman Ken Harvey. South West Water has been granted enhanced status under the water regulator's business plan review. As a result, the group received its fast tracked Draft Determination for 2015-2020 on 30 April which will enable early implementation of key elements of the Business Plan. South West Water previously announced it would freeze tariffs for 2014/15 for customers. There is also expected to be no average bill increase in 2015/16. Viridor's financial performance was in line with management expectations, with "excellent progress" reported in the strategic change in the business model into a leading player in the UK renewable energy sector. A progressive dividend policy continues to be pursued. This is in line with the previously announced policy to grow the group dividend by 4% above inflation per annum up to the end of 2014/15. Speculative hopes persist that Viridor could eventually be sold or spun out.

Negative Points: Changes in law, regulation or decisions by governmental bodies can have a materially adverse effect on the group's financial results or operations. Profitability at Pennon's core water business is dependent on the company's ability to meet tough regulatory efficiency targets. Ofwat, the water industry regulator recently submitted a review of prices companies can charge for the five-year period starting 2015. Viridor's performance has been previously impacted by recyclate prices which have remained under pressure, reflecting world economic conditions. It reported a net impairment charge of £39.7 million reflecting greater landfill costs and additional environmental provisions. The group's net debt position increased from £2 billion to £2.1 billion.

Financial Highlights: Pennon reported a 9% rise in full-year pre-tax profit to £207.3 million. South West Water reported profits before tax of £162.5 million, up 10.8%. Viridor posted a 19.5% drop in pre-tax profits to £27.6 million. Group revenues advanced 10% to £1.32 billion. Exceptional charges post tax of £39.7 million were reported reflecting "further impairment of landfill assets and additional environmental provisions". The utility said it would pay a full-year dividend of 30.31 pence, in line with expectations, a 6.5% rise on the previous year.

Full year results: Utility firm Pennon Group reported a rise in full-year profit, boosted by a strong performance from its South West Water unit. "South West Water is continuing its strong performance against the 2010-2015 regulatory contract and is well placed to outperform its assumptions," Ken Harvey, Chairman said in a statement. Notwithstanding the difficult trading conditions, Viridor's operating contribution was slightly ahead of last year and profit before interest and taxes plus joint ventures was broadly similar to last year. The company said it had made excellent progress in establishing its Energy from Waste (EfW) business which is expected to transform Viridor into a leading player in the UK renewable energy sector. The EfW contracts and projects already contribute to Viridor's bottom line and reflect the realisation of a strategy which is expected to contribute circa £100 million to Viridor's earnings within the next three years. The Board has recommended a final dividend of 20.92p, up 6.2%, subject to shareholder approval. Together with the interim dividend of 9.39p, this will result in a total dividend for the year of 30.31p, an increase of 6.5%. This is in line with the group's policy to grow the dividend by 4% above inflation per annum up to the end of 2014/15. Based on the combined estimates of analysts that cover the company,

Positive Points: Five bolt-on acquisitions for total consideration of approximately £119 million were undertaken in the period. Management said it would continue to invest in technology and new business models to deliver better customer service and gain profitable market share. Wolseley previously returned £300 million to shareholders, in the form of a special dividend, after seeing signs of improving confidence in the US and its home market. A progressive dividend policy is being pursued by the board.

Negative Points: Movements in foreign exchange rates can impact negatively, in particular the $/£ rate. They adversely impacted on trading profits by £12 million in the quarter. Wolseley continues to face more challenging markets in Continental Europe still recovering from the economic crisis. Competition across all the group's markets remains intense. Group net debt as at 30 April was £914 million (30 April 2013: £694 million).

Financial Highlights: Wolseley reported a 9.1% improvement in trading profit from ongoing businesses year-on-year to £155 million. Revenues for ongoing businesses fell by 0.8% but rose 5.1% on a comparable basis (which strips out currency movements) to £3.05 billion. Foreign exchange movements adversely impacted trading profit by £12 million. Net debt as at 30 April was £914 million (30 April 2013: £694 million).

Third quarter interim management statement: The specialist trade distributor said it expects like-for-like revenue to grow 4% in the next six months, after posting a 5.1% rise in revenues supported by robust trading in its US and Nordic markets. This was despite the adverse impact of foreign exchange movements of £12 million in the quarter. Nevertheless the numbers were well received by the market with the share price up over 2.8% in opening trade. The company said like-for-like revenue was up 9.0% in the US and 7.5% in the Nordic region, which more than offset declines in Canada, the UK, France and Central Europe. Group like-for-like revenue growth was 5.1%. Wolseley added that cash generation was strong, although net debt stood at £914 million at the end of April, up from £694 million a year earlier, after a cash outflow of £90 million for acquisitions in the period. The company made five bolt-on acquisitions for a total consideration of around £119 million