Member Info for mulledwine

cont ......... Following the upgrade in the resource estimate at New Liberty, together with the Preliminary Economic Assessment ("PEA") which was released on December 14, 2010, the focus has now shifted to completing the definitive feasibility study ("DFS") by the end of 2011. The PEA demonstrates the minimum value achievable for Aureus providing a net present value of $234 million using $1,100/oz gold price and a 10% discount rate. The DFS at New Liberty will include further drilling (up to 15,000m) to identify more ounces of gold and upgrade the resource to reserve status. The environmental and social impact assessment is on schedule to be completed by Q3, 2011. The achievements outlined above, have significantly increased the resource base of the Company which in turn has had a positive impact on the share price and market capitalisation of the Company. When writing the Q3 MD&A I reported that the market capitalisation of African Aura had almost doubled from Cdn$92 million to Cdn$177 million. At the time of writing this MD&A the market capitalisation of African Aura had more than doubled again, to Cdn$383 million and reached a high of Cdn$416 million in mid February 2011. The Board of the Company is focused on continuing to increase shareholder value by unlocking the potential of its assets. The Company is well positioned with cash in hand and robust gold and iron ore assets which are planned to be split into separately listed companies in April 2011 in order to deliver further value to its shareholders during the year ahead." On behalf of the Board of African Aura Mining Inc. Luis da Silva President and CEO

Luis da Silva, President and CEO of African Aura commented: "The Board believes that the current value of the Company does not recognise fully its gold and iron ore assets. As a consequence management has decided to demerge its gold asssets in order to address this undervaluation. Pursuant to the Arrangement the Company (which will be renamed "Afferro Mining") will develop the iron ore assets, while a new company, "Aureus Mining", will develop the gold assets. The restructuring plans are nearing completion with the next milestone in the restructuring process being the special meeting of shareholders scheduled for April 5, 2011. Assuming that shareholders vote in favour of the resolutions, the arrangement is expected to complete on April 13, 2011. Pursuant to the Arrangement, the last day of dealings to have the right to receive Aureus shares is April 7, 2011. At that date each shareholder of African Aura, will be entitled to receive one new common share in Afferro and one common share in Aureus Mining for each common share held of African Aura. Meanwhile, at project level, the Putu Iron Ore Project in Liberia, the Company announced in February 2011 the increase in the resource to 2.4Bt at 34% iron. The 62,000 metre resource delineation drilling programme is continuing which will be completed in first half 2011. Various studies are underway as part of the pre-feasibility including an environmental baseline study, satellite imagery, topographic data study and most importantly how the project can be accelerated. The Nkout Iron Ore Project where the Company announced on February 1, 2011, a 1Bt maiden resource is being fast tracked and management is targeting a potential 4Bt iron ore resource. The maiden resource at Nkout was achieved at a modest cost of $4.4 million which represents a significant return on investment.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4147117

Malcolm Wyman, Chief Financial Officer of SABMiller plc, said "We are delighted with the response received from Bavaria's bond investors to this transaction, which is the first of its kind in the Colombian market. Bavaria's bonds represented our single largest amount of priority debt and this transaction results in a significant reduction in the overall level of structural subordination in the group."

SABMiller plc Bavaria S.A. - Bond and Commercial Paper Programme and Exchange Offer On 30 March 2011, SABMiller plc announced that its subsidiary, Bavaria S.A., a leading producer of lager and other beverages in the Republic of Colombia, had established a COP$ 2,500,000,000,000 (approximately US$1,325,000,000) bond and commercial paper programme, to be used primarily to refinance Bavaria S.A.'s existing COP$1,910,320,000,000 (approximately US$1,012,000,000) bonds by means of an exchange offer under which bondholders would be offered new securities, in the form of bonds and commercial paper, in exchange for the existing bonds. The exchange offer was accepted by bondholders representing approximately 92.66% of the aggregate face amount of the existing bonds and, on 31 March 2011, Bavaria S.A. issued new securities with an aggregate face amount of COP$ 1,881,190,700,000 (approximately US$1,006,000,000). The new securities have been registered for trading in the secondary market of the Colombian Stock Exchange (Bolsa de Valores de Colombia) and admitted to the official list of the Cayman Islands Stock Exchange. The new securities benefit from a guarantee by SABMiller plc, which places bondholders in a pari passu position with the holders of other unsecured debt obligations of SABMiller plc in the circumstances described in the programme documents. This reflects SABMiller plc's policy of reducing the level of priority debt in the group. The programme will also be available to fund working capital and for other purposes, although no further issues are contemplated at this time. Correval S.A. acted as local structuring and placement agent in relation to the exchange offer and Bank of America Merrill Lynch acted as international structuring agent and financial advisor to SABMiller plc. Deceval acted as information agent and exchange agent.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4147128

Update on the sale of US Life Old Mutual plc is pleased to announce that the Maryland Insurance Administration has approved the acquisition of OM Financial Life Insurance Company by Harbinger Group Inc. Approval for the sale is still required from the New York State Insurance Department (NYSID). Closing preparations are continuing to take place and completion is expected to occur in due course once approval has been obtained from NYSID. A further announcement will be made on closing of the transaction

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4147121

The SP was last at this level in July 2009 - a bounce from here should be a good one , if not then the next drop could test 125 - surely its up from here.

"These drill results demonstrate the potential of developing and expanding the significant higher-grade, underground resource at Angostura. Metallurgical test work to date has shown that this sulphide ore can be recovered through conventional processing technology with the prospects of generating revenues from the recoveries of the gold, silver and potentially copper," commented Steve Kesler, president and chief executive officer of Greystar. "We look forward to compiling the results from the ongoing underground resource expansion drill program with a goal of establishing the economic potential of an underground only operation for the multi-million ounce Angostura deposit. The Company is continuing to work to find the best way to develop the Angostura deposit in an environmentally and socially responsible manner and that is fully compliant with Colombian legislation."

Greystar Intercepts 20.21 g/t Gold, 124.86 g/t Silver and 1% Copper Over 5 Metres VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2011) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) ("the Company") reports that diamond drilling continues to encounter significant gold-silver-copper mineralization below and to the south of the oxide/transitional mineral resource on the multi-million ounce Angostura deposit in northeastern Colombia. Highlights include: -- Hole SI10-03, which intercepted 14.5 metres (85.3-99.8m) grading 9.7 grams gold, 62.39 grams silver and 0.33 per cent copper, establishes continuity of the higher-grade sulphide mineralization south of the oxide/transitional mineral resource in the Silencio Area. -- Hole SI10-02, which intercepted 5.0 metres (488.0-493m) grading 20.21 grams gold, 124.86 grams silver and 1 per cent copper, establishes the higher grade zone at depth in the Silencio Area. -- Hole QP010-07, which intercepted 1.65 metres (465.0-466.65m) grading 22.3 grams gold, 1,130 grams silver and 0.19 per cent copper, establishes continuity of the higher grade mineralization at depth in the Los Laches area. -- Hole QP010-05, which intercepted 8.55 metres (601.00-609.55m) grading 13.74 grams gold, 107.28 grams silver and 0.12 per cent copper, establishes that the higher grade zone is open at depth in the Los Laches area.

http://www.halifaxmarketwatch.co.uk/rns.cgi?username=&ac=&action=news&rns=1&view=full&story_id=4147028

http://www.investegate.co.uk/Article.aspx?id=201103310700189671D

Lo-Q (LOQ), the provider of virtual queuing systems for theme parks and major attractions, has signed a contract to install its innovative, electronic queue management system at Movie Park Germany. This contract represents the group's fourth new park agreement in recent weeks. Shares in Lo-Q, who also owns a Q-txt product which allows mobile phone users to reserve their place in line, inched down 1p to 154.5p.

Considering the turnaround from profit to loss this year and increased debt then I think WYG was let off fairly lightly today with the drop of 14%

Paul Hamer, Chief Executive Officer, said: "After nearly two years of major restructuring, we now have an appropriate operational and support structure. The latter stages of this restructuring have been undertaken against a backdrop of profoundly difficult and uncertain market conditions in the UK, particularly in the public sector, and significant volumes of work have been cancelled, reduced or deferred. "The overseas markets in which we operate have remained relatively resilient. Following the restructuring, we have a more efficient globally organised business that is well placed to benefit from the opportunities in international markets. Our focus is now on growing our global revenues through key relationships and strategic partners. As part of this we are looking at options that may allow us to create a positive growth environment with focused investment in employee retention, key recruitment and non-organic expansion. Significant market challenges remain and we will continue to drive further efficiencies across the Group."

Financial overview: · Revenue at £83.7m (2009: £115.2m) · Adjusted* loss before tax of £2.6m (2009: £1.6m profit) · Adjusted* loss per share of 3.7p (2009: restated earnings per share: 1.8p) · Operating profit before exceptional and other items of £0.1m (2009: £3.7m) · Net debt as at 31 December 2010 £38.5m** (30 June 2010: £36.6m)

Business overview: · Re-organised the Group's operations into four global key market segments to deliver services more efficiently across our chosen countries · Restructuring programme substantially complete · Now exploring options available to address the longer term funding requirements of the Group · Prolonged but anticipated uncertainty in UK and Ireland relating to public sector cuts continued to impact domestic market and is expected to remain challenging in short to medium term · Focused domestic and overseas business development activity to maximise organic growth opportunities · New local entities opened in Syria, Croatia, Bosnia and South Africa. International order book increased to £89.2m (2009: £76.6m). Decrease in total net order book to £198m (2009: £290m) · Retained number one position as consultant to the European Commission for programme management and policy advisory services

http://www.investegate.co.uk/Article.aspx?id=201103310700119674D

WYG (WYG) swung to an half-year adjusted pre-tax loss, hit by lowered revenues as a result of difficult trading conditions and the restructuring of the business, and warned that the domestic business conditions remained "very challenging". For the six-months, the group reported an adjusted pre-tax loss of 2.6 million pounds, which compares with a profit of 1.6 million pounds a year earlier, as revenue dropped 27% to 83.7 million pounds. Looking ahead, the group said: "Domestic business conditions remain very challenging and there is limited visibility of future work, as the impact of the Government's two comprehensive spending reviews is yet to become clear." Shares in WYG dropped 2.5p to 15.5p.