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From The TimesSeptember 29, 2007 Patientline in critical condition after warning on its liquidityMarcus Leroux Patientline, the company that attracted a storm of criticism from patient groups for the high price of hospital bedside telephone calls, said yesterday that it was in danger of collapsing.

Allied Gold, an exploration company with operations in Papua New Guinea, down ¾p to 30p yesterday after it hit a record high of 31p on Monday, has been given a buy target price of 43p by Mirabaud Securities after news that its Simberi Gold Project is to start production in November just as the gold price is over $730 an ounce.

A client note from JP Morgan says BHP’s huge Olympic Dam mine could increase copper output to as much as 1 million t/y. While mine reserves could support this level of production other factors will need to be taken into account. Author: Lawrence Williams Posted: Thursday , 27 Sep 2007

today's mineweb: Severstal's adviser, Morgan Stanley, said the Russian firm saw significant opportunities to consolidate gold mining in the CIS. "There is significant geological potential regionally in gold, and a strong competitive advantage for those experienced in operating in the Russian and CIS geographies. Severstal will be a consolidator," Peter Bacchus, Morgan Stanley's head of European investment banking for metals and mining, told Reuters.

http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=21625&sn=Detail

I would need to research it all before I would offer any advice...

26-SEP-2007 15:10 LONDON (Thomson Financial) - Smiths Group PLC said its military unit Smiths Detection has been selected by the US Department of Defense (DoD) to take part in the first major phase of Increment 2 of the Joint Chemical Agent Detector (JCAD). The DoD will test two different detector configurations of Smiths Detection's advanced chemical detectors, M4 JCADs. Financial details of the deal were not disclosed. Earlier this year, Smiths Detection received an initial 3.9 mln usd firm-fixed price contract to supply M4 JCADs to Increment 1 of the JCAD Program. The M4 JCAD is an advanced, non-radioactive chemical point detector that is designed to help save the lives of troops by automatically detecting, identifying and quantifying both chemical warfare agents and toxic industrial chemicals, Smiths Group said in a statement.

Sep. 07, 2007Print | E-mail | Home Severstal Set to Buying Siberian Deposits Russia’s metal giant Severstal has set to buying at large the gold-bearing deposits in the country. Yesterday, for instance, its Severnaya Zolotorudnaya Co. (North Gold-Ore Co.) outbid Polus Zoloto for Uryakhskoe deposit with the forecasted reserves of 100 tons of gold. The winner paid 268.8 million rubles for the asset of average size and will spend twice as much for exploration.

According to analysts, the most probable buyer of Celtic is Severstal. “Not long ago, Severstal owner Alexey Mordashov said he was studying potential creation of a separate company that will deal with production of nonferrous and precious metal and to which, in all probability, the share in Celtic will be transferred,” explained Mikhail Pak from IG Capital, specifying that the current 22 percent won’t give much in terms of management. www.kommersant

this part of the preceing post was my own 'spin':The CEO (a Barrick Director) has resigned. Non Executive directors have been buying shares. Severstal is moving into Gold chasing CER. The owner of Severstal (who obtained his MBA in the Uk) will want more than CER if he is moving into gold anticipating (as we all are) the gold prices are going to continue rising as the $ falls further.

Aton:Highland Gold. Share price up on strong volumes, reports of possible acquisition Highland Gold's share price rose 10.6% yesterday on high volumes, closing at $2.08. We believe the strong performance may have been driven by expectations of a potential acquisition. Given the current consolidation gold assets apparently sparked by Severstal's bid for Celtic Gold, we believe it possible Severstal could approach Barrick Gold to acquire its 34% stake in Highland, and subsequently increase its stake to control. Barrick's CEO Gregory Wilkins stated yesterday during a gold conference in Denver that the company would only seek participation in significant gold projects in Russia, which, in our view, disqualifies Highland. We rate Highland Gold Buy, with a 12-month target price of $2.46. The CEO (a Barrick Director) has resigned. Non Executive directors have been buying shares. Severstal is moving into Gold chasing CER. The owner of Severstal (who obtained his MBA in the Uk) will want more than CER if he is moving into gold anticipating (as we all are) the gold prices are going to continue rising as the $ falls further.

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same chairman

LONDON, Sept 28 (Reuters) - London-listed gold miner Celtic Resources has rejected an improved 161 million pound ($327 million) offer from Russian miner and steelmaker Severstal , saying the 23 percent increase was still not enough. However, Severstal strengthened its hand by buying a further 3.1 percent stake in Celtic, taking its holding to 29.7 percent, and said it had also won the backing of Canada's Barrick Gold , which owns 6.6 percent of Kazakhstan-focused Celtic.

shows the queue of buys and sells and the pressure either way.more buying pressure pushes up the price in a free market

and on and up

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