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CEO Tim Daffern stated: “The modified development plan of the Sekisovskoye underground mine provides the next step in expanding Hambledon’s long term gold production. The increased extraction rate will improve our gold production and cash generation, thereby underpinning the Company’s objective of growth in Kazakhstan.”

Expansion of Planned Output from Underground Mine Hambledon announces that as part of a continuing strategic review of the Sekisovskoye operations the planned underground output will be increased. The underground mine is currently being constructed by an experienced mining contractor and the first ore is due to be extracted from the underground mine in December 2011. The underground output from Sekisovskoye was initially planned to be 500,000tpa. Following work undertaken by consultants, the extraction rate is to be increased to a target of 850,000tpa over a phased five year period. The achievement of this will be by a reconfiguration of the mine layout and the use of additional miners and machinery. The extraction rate will mean that gold production from the underground mine alone is targeted to incrementally reach 65,000 oz in 2014, rising to 110,000 oz in 2016.

http://www.investegate.co.uk/Article.aspx?id=20110208070000Z0297

Yes thats a nice progress report

Jeff Malaihollo, Managing Director of GGG Resources, says: "Results from the drilling continue to increase our confidence in the quality of the historic data and the accuracy of the resource model. We have now commissioned a further 7kms of new drilling in order to infill the new mineralisation we found outside of the historically drilled areas. If the results are consistent with the rest of the deposit, we expect to include these zones in the new resource estimate to an Indicated Resource category. We are also delighted that the metallurgical work indicates a softer material than expected. Although at an early stage, this may have a positive impact on the project by lowering mining and crushing costs and therefore enabling us to use a lower cut-off grade."

Highlights * Latest drill highlights indicate all 29 new drill holes were mineralised including: 18m at 4.37 g/t Au from 53m in BJ0057, 4m at 3.30 g/t Au from 42m in BJ0084, 5m at 8.20 g/t Au from 23m in BJ0085. * To date 87 of 88 holes show mineralisation consistent with the current JORC resource model * 22% of mineralisation in the current programme extends beyond the current JORC * JORC resource model upgrade on track to be reported in Q2 2011 * Additional 7km of drilling commissioned on top of the existing budgeted 17km * Metallurgical drilling has been completed ahead of schedule and preliminary results indicate material is softer than expected * New prospecting licences were added to the existing tenements for a total of 144km2

Outlook: Looking ahead, raw material price volatility and a weak retail environment are the key challenges for our business, particularly in the short term. The most recent market commodity price increases are already feeding into our material costs with the potential that material costs in the second half could increase by around £7m. The conclusions of the "Refresh" strategy review are being communicated today, including our intention to carry out further supply chain re-structuring. This is likely to lead to an exceptional charge this year of around £20m with annualised benefits of around £11m. Longer term, we believe our strategy will ensure that the Company will emerge well placed to benefit as the more challenging economic conditions accelerate the switch to private label.

Chris Bull, Chief Executive, commented: "We have delivered good results in a challenging environment of increasing raw material costs in all geographies, and weak retail markets particularly in the UK. We have delivered growth in Central and Eastern Europe, and our recent acquisitions in Czech Republic and Malaysia have performed in line with expectations. The restructuring programmes, announced in 2010, are delivering in line with plan. Our strategy review has identified significant opportunities to deliver shareholder value through focusing investment on growth categories, strengthening our relationships with key customers and improving our cost efficiency. We believe that the economic environment will cause consumers to be ever more price sensitive, and, by investing in improving our competitiveness, we expect to be able to continue to offer excellent products and value for money."

· 2% revenue growth at constant currency driven by Central and Eastern Europe · Reduction in operating profit driven by increasing raw material costs and time lag in recovery through selling price increases · Net cash generated from operations in line with expectations at £27.2m · Net debt of 1.1x annualised EBITDA · Recovery of 2010 material cost increases continues to be implemented, but more recent commodity market price increases are already feeding into our material costs

http://www.investegate.co.uk/Article.aspx?id=201102080700078331A

On February 3rd Avation, the aircraft leasing company, announced very strong interims which were well ahead of the run rate for our full year 2011 forecasts. During the six months to 31st December 2010 revenues increased by 10% to £8.3 million. This was due to the leasing of an extra Airbus A320-200 aircraft from April 2010. Given that this made only three months contribution, it could drive a larger revenue uplift in the second half. Profit before tax was up an impressive 82% to £2.79 million, representing a margin increase of nearly 16 percentage points to 33.7%. The key factors behind this margin increase were a normalisation of claims on maintenance reserves (down 37% to £0.7 million) and an increase in gross margin due to a reduction in costs at Avation.Net Inc which supplies aircraft parts and spares. Basic earnings per share rose by 87% to 5.86p. Strategically and financially the period has been significant for Avation. The company moved from PLUS to the LSE Main Market in October. The shares have responded well to the positive news flow generated since then, rising by more than 20% and now trade with a relatively low 2% spread. Post year end the company announced a transformative deal with Skywest Airlines and Virgin Blue Airlines which the company anticipates will result in the deployment of 8 further aircraft in the year ending June 2012, with an option for Virgin Blue to request 10 or more extra aircraft thereafter. Please see our note of 12th January for further details. On January the 31st the company appointed Merrill Lynch International (Australia) to provide it with capital structuring services regarding the Virgin Blue deal. News flow regarding the financing of the new aircraft will be a key driver of the share price in the short term. Avation reports that current trading conditions are satisfactory, with the cost of finance being reduced and the group successfully reducing or repaying higher cost debt facilities. Approximately £5 million in long term debt was repaid during the period. This was achievable due to the strong operating cash inflow of £5.2 million. The company anticipates that the operations of the second half period of the 2010-2011financial year will be in line with the first half. We are therefore increasing our 2011 pre-tax earnings estimate to £5.88 million (£3.55 million) and our earnings per share forecasts to 11.4p (6.3p). Given the margin uplift this gives us scope to also raise our 2012 earnings estimates and we now are forecasting pre-tax profits of £7 million (£4.22 million) and earnings per share of 14.3p (7.4p). The results were truly outstanding, ahead of all market expectations, and give us the confidence to upgrade our recommendation from buy to strong buy. Given the growth profile we feel comfortable valuing the stock on 12x 2012 earnings in the short term generating an improved target price of 172p. As more visib

Housebuilder Bellway has been encouraged by the pick up in site visits and reservations in 2011 following the cold snap in December. The group said it sold 2,332 homes in the six months to end-January, an increase of 85 on the corresponding period a year earlier. The average sales price over the period rose to £168,000 from £155,871 a year earlier, largely as a result of selling more traditional two storey homes and fewer flats.

GEML ---IC could well be right !

Mark Jones, Chief Executive Officer of AME commented : "We have made excellent progress in a very short space of time and in less than 3 months since listing on AIM we have generated a number of targets for evaluation and should commence our first drill programme in February. The apparent scale of the structural corridor within the Karan Licence has required the Company to review the exploration and as a result we have significantly expanded the RC drilling programme. Our initial objective remains to confirm any presence of gold mineralisation and develop a resource by focussing on targets where we have proven the presence of typical gold bearing structures. Thereafter we will open up exploration to incorporate more of the Licence with a view to determining the possible scale of mineralisation".

Structural corridor All known structures and mineralisation, to date, appear to be confined within a significant structural corridor that extends the full length of the Licence over an area of approximately 100km2. This represents a larger target area than previously anticipated by AME. The Company has now planned a series of inclined RC holes which will focus initially on four priority targets all located within the corridor, Fintakourouni, Mana, Koukouroula and Kouroudjin. Depending on positive assay results from the Phase 1 drill programme, further infill drilling will be required to create bulk tonnage and grade models and to drill test other structures that have been broadly defined. Re-interpretation of radiometric regional survey data has identified a number of potassium enriched anomalies representative of alteration which may or may not be associated with gold mineralisation. These new targets occur within the structural corridor and will be investigated in due course as part of a campaign style exploration programme driven by positive drill intercepts. The 12,400m RC programme comprises 8,600m of priority 1 holes and a further 3,800m of second order holes. The first phase of priority 1 holes will take approximately 3 months to complete. The first assay results from the RC drill programme are provisionally expected before the end of April this year with the balance being received during the following 3 months. The current best date estimate for the mobilisation of the allocated drill rig to the Karan property is the third week of February. Newmont Confidentiality Agreement AME permitted Newmont to undertake a regional BLEG (Bulk Leach Extractible Gold) sampling programme over the Licence last year. Newmont has reported encouraging results and will provide AME with the data once it has been properly processed. In the interim however, Newmont has entered into a new Confidentiality Agreement to allow Newmont to review all of the Company's historical and new exploration data over the Licence.

New targets The recently completed 472 line km ground magnetic survey has achieved the following: - confirmation of a north - south major shear structure that extends the length of the Licence; - evidence of a number of structures within the corridor which may be the focus of gold mineralisation; and - thick lateritic horizons are now believed to mask/cover further shear hosted hard rock gold mineralisation targets along an 8km long feature.

Highlights · Drill targets generated following completion of 472 line km of ground magnetic geophysics · Evidence of a structural corridor covering an area of 100km2 · Evidence of radiometric potassium enriched anomalies often indicative of gold mineralisation in this part of Mali · A revision of the pending drill programme from 3,500m combined reverse circulation and diamond drilling to an estimate of 12,400m of RC (reverse circulation) drilling · Signing of a new Confidentiality Agreement with Newmont to review joint exploration data on the Karan Licence

http://www.investegate.co.uk/Article.aspx?id=201102070700077445A

QinetiQ signs new £275m revolving credit facility QinetiQ Group plc ("QinetiQ") today announces that it has successfully completed the re-financing of its existing credit facility, which matures in August 2012, with a new five-year revolving credit facility provided by the Group's six global, relationship banks. The new multi-currency facility, which matures in February 2016, totals £275m and will be un-drawn. Leo Quinn, Chief Executive Officer of QinetiQ said: "The early re-financing of QinetiQ's credit facility demonstrates the improved strength of the Group's balance sheet and marks another important milestone in our self-help programme."

http://www.investegate.co.uk/Article.aspx?id=201102070718257710A