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http://www.investegate.co.uk/Article.aspx?id=201110190700144197Q

The Board of Ormonde is pleased to report that positive gold assay results have been returned from two holes drilled on its Zamora Gold Project through the joint venture with Aurum Mining PLC, with both holes returning gold values of good grade and width. Consequently, the joint venture is now planning a follow-up drilling campaign with the objective of extending the thicker gold mineralisation. Highlights · Drill hole ORMP-10 has returned a higher grade interval of 12 metres grading 3.4 grammes per tonne ("g/t") gold (from 89m depth) within an overall interval of 30 metres grading 1.6g/t gold (from 75m depth) and drill hole ORMP-11 has returned an interval of 10 metres grading 2.1g/t gold (from 102m depth). · Both holes have been drilled on the "Facho" structure, on the Zamora Project, where previous drilling by Ormonde had returned a best interval of 23 metres grading 1.1g/t gold (including a high-grade interval of one metre grading 16.6g/t gold); gold mineralization is associated with quartz veining and alteration; further drilling is now planned. · A third hole was drilled on a second unrelated structure around one kilometre to the east of the Facho structure; only minor alteration and veining was observed in this hole and results are awaited. · The next drilling campaign will also include a short-hole programme on the Peralonso permit in Salamanca Province, where previous trenching returned a best interval of 5 metres grading 5.4g/t gold. · Aurum Mining PLC has forwarded the total funds due under the agreed initial programme and is now progressing towards spending the required €500,000 over an eighteen month period to earn its majority interest in the permits, which are the subject of the Joint Venture.

http://www.investegate.co.uk/Article.aspx?id=201110190700144154Q

Luis da Silva, Chief Executive of Afferro, commented: "This latest interpretation is significant for the Company in terms of strengthening our project portfolio and implementing our strategy in Cameroon, where we have already made considerable progress with our Nkout iron ore project. The Ntem project is located 80km from the coast and close to the same proposed railway infrastructure that the Company's Nkout project is expected to use. We look forward to the results of the grab sampling and subsequent reconnaissance drilling in early 2012."

trong magnetic target identified at Ntem Afferro Mining Inc. ("Afferro" or the "Company"), the TSX-V / AIM listed exploration and development company, with iron ore projects in Cameroon and Liberia, is pleased to announce that it has identified a significant target within the Ntem exploration permit ("Ntem") in south-west Cameroon. Highlights: - Target strike length of 2km, with maximum width of 1km - Strongly modelled magnetic signature defines new target - Located 80km from the Government-proposed deep-water port at Kribi - Less than 10km from the proposed rail corridor - Results expected in 1H 2012 from initial exploration programme

http://www.investegate.co.uk/Article.aspx?id=201110190700164225Q

Angus MacAskill, Sterling's Chief Executive, said: "We are pleased with the progress made towards introducing a partner to the Ntem block in Cameroon and expect to complete the process by the end of 2011. Following the disappointing results of the Sangaw North-1 well in Kurdistan, we continue to integrate all the information from the well to determine the remaining potential of the block. The focus for the Sterling organisation is the acquisition of new ventures whilst remaining ready to progress our existing assets once the in-country situations allow."

Sterling Energy Plc ("Sterling" or the "Company") is today issuing its Interim Management Statement for the period beginning 1 July 2011. HIGHLIGHTS · Production, net to Sterling from the Chinguetti field, averaged 622 bopd for the third quarter 2011 (Q3 2010: 621 bopd). · Adjusted EBITDA in third quarter of $1.7 million (Q3 2010: $2.8 million) (unaudited). · Profit after tax in third quarter of $0.05 million (Q3 2010: profit $3.1 million) (unaudited). · Cash as at 30 September 2011 of $105.6 million (unaudited), including partner funds of $1.6 million. · Farm out of the Ntem deep water block, Cameroon, expected to close by year end. · Dr Philip Frank appointed as Exploration Director on 3 October 2011.

http://www.investegate.co.uk/Article.aspx?id=201110190700164243Q

Looks like a red day here today

Outlook We reported last year that September and October 2010 were challenging months. The same period this year has been no exception. Accordingly, we have a cautious outlook for the short to medium term future. We continue to focus on our flagship brands of Claud Butler and Dawes. We are also encouraged by the reaction to the launch of our BMX Scorpion and Dirty ranges and our 2011 range of traditional pavement cycles. The Claud Butler parts and accessories offering has been extended for the second half of 2011 and into 2012 with additional resources deployed to support the anticipated growth. The Dawes parts and accessories range and a new high specification carbon fibre range were successfully launched at the NEC Cycle Show at the end of September. We expect these to make a positive contribution in the future. We have signed a number of strong licences for 2012 and beyond which include The Avengers, Generator Rex, Power Rangers and ThunderCats. For younger children we are delighted to have secured the licences for Mike The Knight, Little Charley Bear, The Octonauts, Raa Raa The Noisy Lion and Rastamouse. Amongst our licences there is the potential for growth when the economy improves. We also plan to launch a competitive range of generic products at key price points to satisfy consumer demand for value as household budgets are constricted. We remain encouraged by the interest in our licensed range of wheeled products for the 2012 London Olympic and Paralympic games for which we expect sales to peak between Easter 2012 and the start of the games. Despite these positives we anticipate that the profit for the year to 31 January 2012 will be behind the comparative in 2011 although we continue our efforts to maintain an acceptable level of profitability.

Results Revenue for the 6 month period to 31 July 2011 was £16,665,000 compared to £19,062,000 in the same period last year. More favourable currency rates and shipping costs helped to improve gross margin in the bicycles and accessories division. However, a large percentage of turnover in the sports, leisure and toys business is conducted in US dollars and sold on an FOB basis which hasn't allowed this segment to benefit in the same way. Operating costs were contained to an increase of 1.6% reflecting the Group's attention to cost control. Profit before tax was £553,000 (2010 - £648,000). Net assets increased to £7,835,000 (2010 - £7,707,000) despite a reduction in cash following the share buyback referred to above.

http://www.investegate.co.uk/Article.aspx?id=201110190700134040Q

Hikma non execs buy big stakes Two non-executive directors at Hikma Pharmaceuticals have upped their stakes in the Arab world-focused pharmaceutical company. Ronald Goode took 8,000 shares at 633p a time, lifting his stake to 22,700 shares, while Robert Pickering snapped up 7,500 shares at 617p a pop, having previously had none. In August, Hikma said that disruption in Libya and Yemen contributed to a fall in profits at pharmaceuticals group Hikma in the half year to 30 June.

Shore Capital maintained its "buy" recommendation for soft drinks company Britvic (BVIC), ahead of Thursday's trading update. The broker forecasts revenues of 1.3 billion pounds for the financial year, representing a cut on previous estimates after a poor summer performance, affected by below average weather conditions. However, Shore believes that the group will be able to recover in 2012, noting the annualisation of more of the main input cost pressures felt in the 2011 financial year. Additionally, the firm offers a 5.5% dividend yield with this being 1.9 times covered by earnings

Sarantel (SLG) kept its "hold" rating from Merchant Securities, with a target price of 0.7p. The antenna manufacturer reported revenues of 2.2 million pounds for the year ending September 2011, down from 2.9 million pounds last year, which the broker attributes to delayed orders. As a result, the broker forecasts a loss of 2.3 million pounds, with a cash position of 1.2 million pounds, after raising 3.5 million pounds during the year

Arbuthnot Securities reiterated its "strong buy" recommendation for First Derivatives (FDP), with a 660p target price. The software and consultancy services company is on track to meet full year expectations, the broker believes, after reporting revenue growth of 26.2% to 22.4 million pounds for the six months ended August 2011. Arbuthnot adds that the business won a number of new contracts during the period, but that the company will not begin to benefit from them until 2013

Hill & Smith (HILS) retained its "buy" rating from Evolution Securities, with a target price of 400p. The broker is impressed with the safety barrier manufacturer's ability to expand internationally and notes that while UK sales accounted for 99% of revenues in 2006, it now represents only 45%. Evolution notes the particular importance of this development, as the firm has performed will in the US and France, but UK activity has remained subdued over the first half of the year. However, the broker adds that a number of its competitors have either withdrawn from the market or gone into administration, providing Hill & Smith with more contract wins.

FTSE 250 house builder Bellway bucked the trend to rise higher on Tuesday after what Evolution Securities called a “solid set of results”. Evolution said that there was little surprise in the results as most of the content was well guided by the pre-close trading update in August. “We see Bellway as a low risk, high quality name in this space, and today’s announcement reinforces that view. Net cash of £3 million with improving profitability from continued improvements in the land mix highlights the strength of the business from here,” said analyst Mike Bessell.

Encouraging update