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Eastern Platinum Limited: Update on the Reported Industrial Action at Crocodile River Mine Operations No good news then at all for ELR -

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4227898

"The traditional slow start in January combined with the changes to improved stope support standards and the consequent retraining of underground personnel resulted in a significant decrease in production and, correspondingly, earnings for the quarter. We are confident that the impact of this is short term and that production and earnings will quickly return to anticipated levels. Development of Crocette is progressing, and in the Eastern Limb, we anticipate awarding construction contracts for Mareesburg and the concentrator shortly," said Ian Rozier.

CONT -- Average concentrator recovery increased to 79% in Q1 2011 compared to 78% in Q1 2010. -- Development meters increased by 50% to 4,219 meters and on-reef development increased by 26% to 2,434 meters compared to Q1 2010. -- Stoping units decreased 14% to 44,674 square meters in Q1 2011 compared to 51,760 square meters in Q1 2010. -- Run-of-mine ore hoisted decreased by 19% to 247,369 tonnes in Q1 2011 compared to 304,309 tonnes in Q1 2010. -- Run-of-mine ore processed decreased by 16% to 245,500 tonnes in Q1 2011 compared to 290,854 tonnes in Q1 2010. -- The Company's Lost Time Injury Frequency Rate (LTIFR) improved to 1.54 in Q1 2011 compared to 1.77 in Q1 2010. -- At March 31, 2011, the Company had a cash position (including cash, cash equivalents and short term investments) of $349,719,000 (December 31, 2010 - $350,292,000).

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Mr. Ian Rozier, President and CEO of Eastern Platinum Limited (TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats") is pleased to report financial results for the three months ended March 31, 2011. Summary of results for the three months ended March 31, 2011 ("Q1 2011"): -- Eastplats recorded a net loss attributable to equity shareholders of the Company of $5,633,000 ($0.01 loss per share) in Q1 2011 compared to earnings of $824,000 ($0.00 per share) in the first quarter of 2010 ("Q1 2010"). -- EBITDA decreased 29% to $6,412,000 in Q1 2011 compared to $8,996,000 in Q1 2010. -- PGM ounces sold decreased 17% to 25,387 ounces in Q1 2011 compared to 30,531 ounces in Q1 2010. -- The U.S. average delivered basket price per PGM ounce increased 18% to $1,136 in Q1 2011 compared to $959 in Q1 2010. -- The Rand average delivered price per PGM ounce increased 11% to R7,963 in Q1 2011 compared to R7,202 in Q1 2010. -- Rand operating cash costs net of by-product credits increased 16% to R6,167 per ounce in Q1 2011 compared to R5,336 per ounce in Q1 2010. Rand operating cash costs increased 28% to R8,090 per ounce in Q1 2011 compared to R6,315 per ounce in Q1 2010. -- U.S. dollar operating cash costs net of by-product credits increased 24% to $880 per ounce in Q1 2011 compared to $711 per ounce achieved in Q1 2010. U.S. dollar operating cash costs increased 37% to $1,154 per ounce in Q1 2011 compared to the $841 per ounce in Q1 2010. -- Head grade decreased to 3.9 grams per tonne in Q1 2011 from 4.1 grams per tonne in Q1 2010.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4227884

http://www.investegate.co.uk/Article.aspx?id=201105120700114326G

Metrodome seeks more acquisitions Date: Wednesday 11 May 2011 LONDON (ShareCast) - DVD and film distributor Metrodome fell into losses in the year to 31 December, but the acquisition of TV distribution rights business Target helped boost revenues. Pre-tax losses for the year totalled £631,000, against a profit of £200,000 the previous year. Revenues rose to £13.87m from £9.09m. The company released 53 titles, including ‘Lebanon’ and ‘Attack on Leningrad’ during the year. Chairman Mark Webster said the company is on the lookout for further acquisitions after the Target purchase.

http://www.investegate.co.uk/Article.aspx?id=201105110700073145G

Date: Wednesday 11 May 2011 LONDON (ShareCast) - Analysts widely expect 3i Group, one of the UK’s oldest listed private equity firms, to disappoint when it releases its full year results on Thursday. Oriel Securities has speculated the firm could face a takeover bid if it can’t improve its share price. Analysts expect 3i to say it has sold assets valued around £491m and made new cash investments of about £591m.

TT 'to beat 2011 targets' By Michael Millar Date: Wednesday 11 May 2011 LONDON (ShareCast) - Electronic components supplier, TT Electronics expects to beat its targets for 2011 after strong sales in the first four months of the year. Sales were 16% ahead of the comparable period for 2010 after strongly improved trading last year continued in 2011, the firm said. TT supplies manufacturers in the defence, aerospace, medical, transportation and industrial markets. It said its components division had delivered improved margins due to better pricing and increased volumes, while continuing to invest. Sales were also driven by a strong start for the firm's sensors division, with indications that demand from key automotive customers would remain strong. The full effect of the natural disasters in Japan on the firm remains uncertain. "As the disruption in component supply feeds through global supply chains, indications are that the potential impact on the group's trading is expected to be modest," TT said in a statement.

http://www.investegate.co.uk/Article.aspx?id=201105110700083391G

Comet still a drag at Kesa Date: Wednesday 11 May 2011 LONDON (ShareCast) - Kesa Electricals has seen mixed trading since the beginning of the year, with the retailer's UK chain Comet continuing to struggle. Over the whole group, which includes operations in France, Spain and other European countries, revenue between 9 January and 30 April was flat from the same period a year ago and down by 3.1% on a like-for-like basis. Like-for-like sales were down by 15.2% at Comet during the period, but Darty France saw a 5% rise. “In the UK, market conditions remained particularly tough and we have accelerated our plans at Comet to reposition the business and reduce our cost base,” the company said. "Supported by improved market positions in most of our markets, further cost measures in all countries with specific restructuring at Comet, BCC and Darty Spain and the strength of our balance sheet, we are well prepared for the challenging markets we expect to face in the coming year.”

http://www.investegate.co.uk/Article.aspx?id=201105110700083378G

IT services provider Parity Group (PTY) is to raise approximately 6.4 million pounds to provide additional working capital, invest in new initiatives and take advantage of opportunities to reduce the cost base. "It is clear to us...that, in order to reduce the reliance on debt facilities, to implement further cost reductions, and to enable us to invest in new growth initiatives, it is now necessary to raise these additional funds", chairman Philip Swinstead commented. Shares in Parity, which operates across the UK, lost 3p to 24.5p.

http://www.investegate.co.uk/Article.aspx?id=201105110700103430G

The stronger trading seen at KBC Advanced Technologies (KBC) in the last quarter of 2010 has continued in the first four months of 2011, the engineering consultancy revealed, and progress has been in line with expectations. Looking ahead, the group added that anticipated performance will continue to meet its expectations. Shares in KBC, which delivers improved operating performance to owners and operators in the oil refining, petrochemical and other process industries worldwide, were flat at 72.5p.

KBC Advanced Technologies plc ("KBC" or "the Group") AGM statement At KBC's AGM to be held at 3.00 pm today Ian Godden, Chairman, will make the following statement. "We are pleased to confirm that the stronger trading seen in the last quarter of 2010 has continued in the first four months of 2011 and progress has been in line with the Board's expectations. Consulting activity has been solid in most areas, with particular demand for energy management work where we are experiencing some shortage of resource. The second tranche of Pemex projects, one of our major recent wins, started on schedule in April and the third tranche of projects is contracted to start in the fourth quarter of 2011. Sales activity has been encouraging in several markets for both consulting and software. This includes Russia where we have been awarded two significant contracts in the last few months and are currently negotiating several others. The pipeline remains strong in all regions, despite the political changes in the Middle East and North Africa where there have inevitably been some delays and project cancellations. The timetable for the arbitration process commenced by a competitor alleging infringement of its rights in certain software code continues as expected and we continue to refute all of the allegations made. We look forward to continued success during the remainder of 2011 and anticipate that the Group's performance will continue to meet our expectations.

http://www.investegate.co.uk/Article.aspx?id=201105110700083387G

RAB Capital (RAB) shares fell 2.5p to 7.75p after the asset manager issued a gloomy warning to investors, signalling that its days as a listed company may be numbered. The company said that the departure of Gavin Wilson, co-manager of the RAB Energy fund and the RAB Octane fund, coupled with redemptions on its RAB Special Situations (Master) fund, means overall assets are likely to move to a level below its previous expectations, necessitating further restructuring.