Member Info for mulledwine

Accordingly, Landore modified its B4-7 analysis protocol to include nickel and copper assaying using strict ore grade methodology, and lowered the trigger limit for cobalt ore grade re-analysis. All drill-holes subsequent to 0412-424 (comprising of 0412-425 to 0412-448 and re-entered holes 0409-222 and 0409-257) have followed this new protocol. The Junior Lake property: The Junior Lake property, 100% owned by Landore, is located in the province of Ontario, Canada, approximately 235 kilometres north-northeast of Thunder Bay, and is host to; the B4-7 Nickel-Copper-Cobalt-PGMs deposit, the VW Nickel deposit, the B4-8 prospect and numerous other highly prospective mineral occurrences. The combined resources (Canadian National Instrument (NI) 43-101 compliant) of the VW and B4-7 deposits delineated to date, total 48,281 tonnes of nickel equivalent (NiEq), 82 per cent of which is in the Indicated category. Both deposits remain open down dip and along strike to the east and west. B4-7 Nickel-Copper-Cobalt-PGEs deposit: The B4-7 deposit is located approximately 3 kilometres to the northwest of the VW deposit. The B4-7 deposit mineralisation is hosted within a sub-vertical massive sulphide vein with stringers, net-textured and disseminated sulphides in the immediate hanging wall. In Q1 2010, a NI 43-101 compliant report and resource estimate upgrade for the B4-7 deposit was completed. The resource reported 26,521 tonnes NiEq, at a 0.25% Nickel cut-off. The drilling campaign started in February 2012, aimed at expanding the B4-7 deposit and providing adequate drill density to bring inferred portions of the deposit to indicated status, is now complete. In total, 81 diamond core NQ size holes and 4 re-entered holes (0412-367 to 0412-448 and 0409-202, 0409-237/238 and 0411-359) for 15,868 metres, have been completed. Assays are outstanding for 10 drill-holes and will be reported as they become available.

DRILLING UPDATE JUNIOR LAKE NICKEL PROJECT B4-7 DEPOSIT Highlights: · Assay results from the recently-completed drilling campaign on the eastern section of the B4-7 deposit indicate massive sulphide mineralisation with grades of > 1% nickel plus notable credits of copper, cobalt and platinum group metals. · The results of the campaign are highly encouraging having significantly increased the potential tonnage amenable to open pit development. The B4-7 remains open down dip and along strike to the east and west. · Work has commenced on an upgraded resource estimate for the B4-7 Deposit, scheduled for completion early Q4 2012. Assay results have now been received for all drilling covering the eastern portion of the B4-7 deposit. This section spans from line 0 to line 5+00E, and encompasses drill-holes 0412-367 to 0412-420, 0412-426 to 0412-438, and re-entered holes 0409-202, 0409-237/238 and 0411-359, for 10,992 metres of drilling.

http://www.investegate.co.uk/Article.aspx?id=201207250700053897I

Reserves: • Improved performance in terms of reduced diamond damage for Letšeng's plant 3 has been revised up to a 9% increase in Letšeng's revenue compared to 5% in the 2011 reserve statement. • An increase in diamond liberation for Letšeng's plant 3 is expected to add a further 4% increase in Letšeng's revenue which had not been included in the 2011 reserve statement.

2012 REVISED RESOURCE AND RESERVE STATEMENT Gem Diamonds Limited (LSE: GEMD) has released a revised Resource and Reserve statement, which is available on the Company's website www.gemdiamonds.com Key Comments on the 2012 Summary Resource Statement: • The total resource base in carats has been maintained at circa 29 million carats • The Indicated portion of the total carat resource has been maintained at 62% • The Letšeng resource base (carats) has increased by 10% due to higher resource grade estimates • The Letšeng revenue (US$ per carat) estimate has increased by 5% to an overall value of US$2839 per carat • The Ellendale resource base in carats has reduced by 15% to 3.98 million carats • The overall (including E4) Ellendale revenue (US$ per carat) estimate has increased by 16%. The Indicated resource (predominantly the E9 orebody) revenue estimate has increased by 54% • The Ghaghoo resource base (carats) remains unchanged at 20.53 million carats • The Ghaghoo revenue estimate has increased by 16% to an overall value of US$259 per carat

http://www.investegate.co.uk/Article.aspx?id=201207250700053896I

NH -morning - a lot of water has passed under the bridge since last comments and TRC sp has been thrashed - any thoughts on a possible recovery to some degree here - i feel its low enough and 'positive' enough for a small punt. Been wrong before though lol

CONT The appeal lodged by the Immobilien funds against the July 2011 dismissal on jurisdictional grounds by the Supreme Court of Mauritius in favour of our Mauritian subsidiary, our former investment manager and its principals has yet to be heard. Since we issued our interim financial statements for the period ended 30 September 2011, there has been no progress in implementing the Immobilien funds' approval to negotiate with Trinity a settlement of the legal claims for an aggregate payment to the Immobilien funds of approximately £2.0 million. Where indicative offers have been received for our investments held jointly with the Immobilien funds, final agreement on terms remains uncertain. The structure and strategy of the Immobilien funds is opaque and SachsenFonds does not have an investment manager in India. The Board is committed to reduce operating costs where possible; administration and other costs for the year ended 31 March 2012 totalled £1,332,000 and for the previous year were £3,546,000. At 31 March 2012, Trinity held cash of £11.1 million. Further distributions will be made to shareholders as investments are sold and liabilities are reduced. The Board is appreciative of the service it receives from its key providers, Indiareit, IOMA, Kross-Border, and Arden Partners. Indiareit has delivered attractive realisation proposals and strategies with respect to all of our investments but, unfortunately, negotiations with SachsenFonds have been fruitless and attractive realisation opportunities blocked. When Indiareit was appointed in June 2010, nobody imagined that it would take more than three years to sell the investment portfolio and, as such, we will be reviewing the arrangements with them to ensure that interests and incentives continue to be appropriately aligned. The Board is appreciative of your continued support and we hope that the pace of realisation will pick up again in the current financial year. Yours faithfully Martin M Adams

CONT Trinity's share of the carrying value of the jointly-held investments in Lokhandwala and Luxor Cyber City have been written down from the 31 March 2011 values by 44% to £5.8 million and by 28% to £5.0 million respectively. Although we have received indicative offers, the realisation of these investments has stalled. SachsenFonds advised us that they obtained the approval of their investors to change the Luxor planning consents to that of a township. The change to township status would add significant value to the investment and allow an orderly exit if commercial terms can be agreed with a development partner, the promoters and SachsenFonds. There has been no material change with regard to the sale or development of our holding in Uppals IT Park "Tech Oasis" and, given the market conditions, we have written down the value of our holding by 30% to £12.8 million. We have held constant in Rupee terms the value of our investment in MK Malls, where again we have been unable to progress realisation because SachsenFonds' consent is required. The MK Malls valuation converted into a write-down by 12% to £7.8 million due to currency depreciation. Of the Company's investments where SachsenFonds is not involved, the value of our investments in Jodhana and Horizon has been broadly maintained at £4.4 million and £6.5 million respectively. Absent a corporate transaction, realisation of the Jodhana investment will result from project development cash flows. We have an option to sell the shares in Horizon in 2013. The value of our shareholding in DB Realty has fallen significantly over the past year, although it has recovered since our half year report was issued. The release of the promoters from custody has enabled them to return to manage the business. Although DB Realty owns some of the best development sites in Mumbai, including MK Malls, weak demand for property and limited availability of development finance imply that improvement in operating performance may take time. Since the end of the financial year, we have sold some of our shares in DB Realty in a very illiquid market and we are hopeful that as the market and company show signs of recovery buyers for larger blocks of the shares may emerge.

Dear Shareholder The pace of implementation of the realisation mandate of Trinity Capital plc ("Trinity" or the "Company") slowed during the financial year ended 31 March 2012. This has been caused principally by economic conditions in India. During the year, Trinity sold its holdings in Enigma, Kapstone and Rustomjee at close to carrying values, generating proceeds of £20.6 million. The Company distributed £22.1 million, or 10.5p per share, to investors, taking aggregate distributions over the past two financial years to £122.05 million, or 58.0p per share. The Company's net assets declined during the year ended 31 March 2012 by £40.8 million to £58.2 million or 27.6p per share, mainly resulting from the shareholder distributions and a reduction in the carrying values of the remaining investments. Investor sentiment in the Indian property and equity markets has been weak due mainly to the declining rate of economic growth, a deterioration in investor sentiment and a sharp depreciation of the value of the Rupee. The 12% depreciation of the Rupee against Sterling has been a significant contributing factor to the fall in all of the reported investment valuations. There is considerable uncertainty surrounding recent Indian Government policy announcements on taxation. Moves to retrospectively tax offshore capital gains where a company's principal underlying business is in India and wide discretionary powers in relation to anti-avoidance rules have had a marked negative impact on foreign investor sentiment towards the country. The effect of these tax developments on Trinity and its subsidiaries remains unclear. Domestic and international demand for property investments, especially the type of non-income producing development assets that we hold, has declined significantly. Four of our seven remaining investments, valued in aggregate at £38.9 million, are held jointly with Immobilien Development Indien I GmbH & Co. KG ("Immobilien I") and Immobilien Development Indien II GmbH & Co. KG ("Immobilien II"), (together the "Immobilien funds"), both of which are managed by SachsenFonds.

http://www.investegate.co.uk/Article.aspx?id=201207250700114227I

Tempus is not as positive on fund manager Ashmore. Its focus on emerging markets has not been a success of late, with investments in the sector dropping 20% in the last quarter. The advice: best avoided.

Tempus in the Times has long been a fan of Associated British Foods which owns the Primark chain as well a huge sugar business. Both divisions have done well according to a trading statement yesterday but the firm’s shares now trade at 15 times earnings. Tempus thinks it might be advisable to take some profits but overall the stock is a “strong hold”.

In the Telegraph, Croda, the speciality chemicals firm is given high praise for its technology driven sales offering, which includes ingredients for use in lipstick and other cosmetics. The firm’s shares trade on nearly 18 times earnings, which is high, and 'given the backdrop', the recommendation is hold.

Impact on the Company's portfolio Symphony customarily reports the split of listed and non-listed investments within its portfolio. As such, given that the investment in IHH is now a listed investment, Symphony's Investment Manager has provided an updated breakdown of the Net Asset Value and Net Asset Value per Share, to show the change in the Company's portfolio. The Company's total Net Asset Value as at 31 March 2012 was US$413.5 million (US$1.19 per Share). Of this total, temporary investments (cash net of working capital) constituted US$14.2 million (US$0.04 per Share) and listed investments constituted US$176.5 million (US$0.51 per Share), with unlisted investments accounting for the balance of US$222.8 million (US$0.64 per Share).2 Using the figures above, and treating the investment in IHT as a listed investment, the value of the Company's pro forma listed investments and temporary investments (cash net of working capital) at 31 March 2012 (and making no adjustments for movements in exchange rate or share price) equates to US$240.8 million3 (US$0.70 per Share2), being 58.2% of the 31 March 2012 Net Asset Value. The fair value of the Company's investment in Minor International Public Company Limited and Parkway Life Real Estate Investment Trust as at 31 March 2012 was US$121.7 million and US$54.8 million respectively, and as at 30 June 2012 was US$140.4 million and US$56.7 million respectively. The fair value of the Company's stake in IHH as at 24 July 2012, was US$49.5 million.1 1

Initial Public Offering of IHH Healthcare Berhad (formerly known as Integrated Healthcare Holdings Berhad) On 1 February 2012, the Company announced that it had invested approximately US$50 million in a minority stake in Integrated Healthcare Hastaneler Turkey Sdn Bhd ("IHT"). The remaining interest in IHT was held by IHH Healthcare Berhad ("IHH"). IHH is the healthcare subsidiary of Khazanah Nasional Berhad, the investment holding arm of the government of Malaysia. At the time of the investment, there was an agreement that the Company would convert its investment in IHT for a minority interest in IHH at the time of an initial public offering of IHH. Further details are set out below. The Company is pleased to note that the shares of IHH commenced trading today on the main market of the Bursa Malaysia Securities Berhad ("Bursa Securities") and the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST"). IHH shares were priced at 2.80 Malaysian ringgit ("RM") on the Bursa Securities and at 1.113 Singapore dollars on the SGX-ST. The Company holds, as a result of the ************** summarised below, 56,203,299 ordinary shares in IHH, which were admitted to trading today. The IHH initial public offering raised a total of approximately US$2 billion, and as at 24 July 2012 had an implied market capitalisation of approximately US$7.1 billion1. IHH is one of the largest listed healthcare providers in the world by market capitalisation. Its portfolio of healthcare assets includes Parkway Holdings Limited, Pantai Holdings Berhad, International Medical University, Acibadem Saglik Yatirimlari Holding A.S. ("ASYH"), IHT and a significant shareholding in Apollo Hospitals Enterprises Limited. IHH has a broad footprint of assets in Turkey, Malaysia, Singapore, India and a presence in China, Brunei, Abu Dhabi, as well as Central and Eastern Europe.

http://www.investegate.co.uk/Article.aspx?id=201207250700124420I

Financing Net debt at 30 June 2012 was higher than the corresponding point in the prior year due to the planned increased activity in the Television business. Adjusted net debt, which excludes interim television production financing, was lower than the prior year, although was higher than at 31 March 2012 due to usual seasonal factors and timing of the investment profile of the Film business. Net assets were in line with the previous year end. Acquisitions Further to the Company's announcement in May 2012, discussions relating to the potential acquisition of Alliance Films are ongoing. These discussions may or may not lead to a transaction being concluded. The Company will provide further updates in due course.

Interim Management Statement Entertainment One Ltd., the international entertainment group, presents its Interim Management Statement for the period from 1 April 2012. § Successful start to the year with Group revenues in first quarter increasing by 16% § Solid performance in Film business with a strong slate for the remainder of the year § Excellent growth in Television business driving an increase in revenue of over 200% § Further international expansion for Peppa Pig includes new deals with broadcasters in Italy, Spain, New Zealand and South Africa § Full year results anticipated to be in line with management's expectations

http://www.investegate.co.uk/Article.aspx?id=201207250700124242I