Member Info for mulledwine

http://www.investegate.co.uk/Article.aspx?id=201103140700098444C

Sale and Leaseback Fiberweb is pleased to announce that on 11 March 2011, the Group completed agreements with General Electric Credit Corporation of Tennessee for the sale and leaseback of the major utility plant which the Company commissioned at its Americas Industrial production site at Old Hickory, Tennessee during 2010 (the "Facility"). The Facility provides an economic and high-quality supply of steam and chilled water to Fiberweb's facilities at Old Hickory and is expected also to supply other consumers on the site in the future. The Group will receive cash consideration of US$24.2 million at completion and will enter into a 10 year operating lease. The gross asset value of the Facility was US$23.5 million (approximately £15 million) as at 31st December 2010. The proceeds from this transaction will be used to reduce the Company's borrowings of £151.2 million as at 31st December 2010. This transaction is another significant step in Fiberweb's ongoing programme of debt reduction to achieve its medium-term objective of net debt at 2x EBITDA. The transaction is a Class 2 transaction for Fiberweb under the Listing Rules and therefore does not require the prior approval of shareholders.

http://www.investegate.co.uk/Article.aspx?id=201103140700098453C

Kerr Anderson, Ormonde's Managing Director, said: "I am pleased that through our own exploration programme and the Joint Venture agreed with Aurum we can advance the exploration of our highly prospective licences in the Salamanca and Zamora region. I look forward to drilling commencing shortly on both the gold and gold-tungsten targets, and to being able to report progress on the development of these exploration programmes."

Main Points of Joint Venture · Aurum can earn a 60% interest in two permits in the Zamora Province and a 54% interest in a further two permits in the Salamanca Province (one of which is under application), with the total permit area being 106 square kilometres, by spending €500,000 on exploration activities over an 18 month period. · Agreed budgeted work programmes include some 1,000 metres of drilling in stage one of a 2-stage programme. Ormonde will act as Manager and be responsible for all work programmes. · Drilling to-date on the Zamora permits on gold-bearing structures has returned intervals including 23m grading 1.1g/t gold from 51 metres depth (including a high-grade interval of one metre grading 16.6g/t gold) and 9m grading 1.5 g/t gold from 56 metres depth. · No drilling has been carried out to-date on the two Salamanca permits, where significant soil geochemical anomalies are supported by prospecting and initial trenching results.

Gold-Tungsten Projects · An Independent "CSA Global" report (Aug'10), which mainly reported on the gold-tungsten projects in Salamanca, concluded that "The Salamanca permit block incorporates all the major features of a classic intrusion related gold system ("IRGS")". IRGS systems are known to host multi-million ounce deposits globally. · The report also highlighted that "work to date by Ormonde at the Dora prospect suggests the presence of a large gold system". To-date, wide low-grade intersections of gold have been encountered in limited drilling and trench sampling, suggesting a significant gold mineralised system. · Full assessment of all historic data, including drilling where available, was initiated at the end of last year on the gold-tungsten prospects and this has lead to prioritising targets for drilling. · It is anticipated that drilling will commence shortly at Bollo, where a small open pit tungsten mine was developed in the 1970s and where previous grab sampling on the old dumps returned average gold grades of 8.3g/t from 30 samples. The gold-only ground will be advanced via a farm-out joint venture to enable funding by way of a third party. In this context, the Company is pleased to announce that it has entered into a Joint Venture with Aurum on the gold-only prospects.

http://www.investegate.co.uk/Article.aspx?id=201103140700098443C

CONT ... Management continues to implement the New Horizons change programme which will be completed by the end of 2011. Already, the programme has succeeded in reducing staff turnover, increasing self funder admissions and improving standards of care. In addition, the company remains on track to deliver the substantial cost savings outlined in the February IMS from the introduction of a more efficient, consistent staffing model and from new procurement initiatives. The Company continues to engage with central and local government to shape policy on the funding, commissioning and service delivery of care for older people and believes strongly that it has an important role to play in delivering these front line services. The Company is therefore urging government, landlords and commissioners to work co-operatively in supporting it, together with its employees and residents during this restructuring process. In the last several months, the Board has received a number of highly preliminary proposals in relation to potential offers for the Company. The Board considers that none of these proposals are likely to result in a meaningful offer being made in the foreseeable future and has decided not to pursue them further. The Board has instructed management to focus all its efforts on the sustainable delivery of care to its residents and the restructuring initiatives. The Company will therefore cease to be in an offer period with immediate effect.

Trading Update and Termination of Offer Period 14th March 2011 - Southern Cross Healthcare Group plc (LSE: SCHE) (the "Company" or "Southern Cross"), the UK's largest provider of residential and nursing care with over 31,000 residents cared for by 45,000 staff in 750 locations, announces that it has seen a decline in its trading outlook since the issue of the Interim Management Statement on 8 February 2011. This is principally due to lower than expected placements and fee levels from local authorities as they adjust expenditure to take account of budget cuts. Management is addressing these issues through the implementation of a series of operational and financial restructuring initiatives and has engaged KPMG to advise it both in pursuing the necessary dialogue with lenders and in accelerating negotiations with landlords. For their part, the Company's lenders are aware of an impending banking covenant breach but remain fully supportive of the actions which the Company is taking to address its problems. In the light of reduced local authority placements the Company considers its current rent burden to be unsustainable and intends to step up discussions with landlords based on a more radical agenda. The objective of these discussions is to reshape the portfolio and reduce rental costs such that the Company is provided with the time both to address the cyclical and structural challenges posed by the market and to create the conditions under which new capital can be attracted into the business.

http://www.investegate.co.uk/Article.aspx?id=201103140700108462C

Might be interesting PureCircle (LSE: PURE), the world's leading supplier and marketer of high purity stevia products, will be announcing its Interim Results for the six months ended 31 December 2010 on Monday, 21 March 2011. The Company will host an investor conference call at 2.00 p.m. London (9.00 a.m. New York) on the same day.

http://www.investegate.co.uk/Article.aspx?id=201103140700128442C

GGG Chairman, Peter Ruxton, said: "The combination of the two companies is compelling for the benefit of all shareholders of both companies. There has been general acknowledgement by each company that a merger makes a lot of corporate sense, however, discussions between the two companies to date have not progressed past preliminary matters. GGG directors consider that GGG is the better corporate structure to create a combined group and that is why we have announced our intention to make a takeover today." GGG's Managing Director, Jeff Malaihollo, said: "Auzex shareholders are being offered a significant premium to create a combined group as well as being offered the opportunity of maintaining a direct interest in the Bullabulling Gold Project".

Overview GGG wishes to announce its intention to make an off-market scrip takeover offer (Offer) for all of the issued shares in Auzex which it does not own. GGG is currently Auzex's second largest shareholder holding 8,000,000 shares representing approximately 8.5% of Auzex's current issued ordinary shares. A combination of GGG and Auzex will consolidate the ownership of the Bullabulling Gold Project into a single corporate group and rationalise future decision-making processes to become more efficient and timely for the benefit of a like-minded single group of shareholders rather than two separate groups of shareholders.

14 March 2011 GGG Resources plc (AIM: GGG) announces its intention to make an off-market scrip offer (Offer) under the Australian Corporations Act 2001 for all of the issued shares in Auzex Resources Limited (Auzex) which it does not own. Auzex, which is listed on the Australian Stock Exchange (ASX) (ASX: AZX), participates in an unincorporated joint venture with GGG, with each company owning 50% of the Bullabulling Gold Project in Western Australia. Highlights of the Offer * GGG proposes to make an offer of seven (7) GGG shares for every five (5) Auzex shares held. This values Auzex at approximately A$0.87 per Auzex share1 (total equity value of circa A$94.9 million)2. * The offer represents a substantial bid premium of: * 39.3% to Auzex's closing Share price on the ASX of A$0.625 on 11 March 2011, using GGG's closing Share price on AIM on 11 March 2011 of A$0.6223, * 21.2% to Auzex's one month VWAP Share price on the ASX of A$0.672 to 11 March 2011, using GGG's one month VWAP Share price on AIM to 11 March 2011 of A$0.5813, * 10.7% to Auzex's three month VWAP Share price on the ASX of A$0.596 to 11 March 2011, using GGG's three month VWAP Share price on AIM to 11 March 2011 of A$0.4713. * Auzex shareholders have the opportunity to accept the offer from Auzex's Bullabulling joint venture partner and share in the significant benefits in the consolidation of ownership of the Bullabulling Gold Project.

http://www.investegate.co.uk/Article.aspx?id=20110314070000PE5D9

ARM Holdings Plc (LON:ARM) remains a Buy at RBS, analysts at the investment bank say ARM is unlikely to suffer from any 'oversupply' worries in the provision of CPUs to the tablet market. RBS have set a target price of 625 on ARM Holdings shares. There are concerns in tech circles that a burgeoning tablet market could result in prices being pushed lower due to competition. "Given the maturity of the iPad platform vs competitors, we believe iPad competitors may be forced to sell their products at a discount, which could weigh on their gross margins," says Didier Scemama at RBS. But, RBS believe ARM Holdings who supply 95% of the tablet CPU market, are unlikely to suffer from an overheating market. "Given that ARM commands c95% of the tablet CPU market and c90% of the e-reader CPU market, we believe it does not really matter whether consumers buy Apple, RIM or Android tablets," says Scemama. However ARM shares have come down c20% in the past months on concerns of an oversupply situation in the tablet market after it became clear that iPad competitors would be priced at a premium. "We recommend buying ARM shares on weakness as we see no change to long-term fundamentals," say RBS. ARM Holdings Plc shares are currently 1.8% higher on a day on which a major earthquake in Japan has rocked markets, which were already fragile yesterday as the FTSE 100 hit a five-week low. The blue chip index dropped 1.6% or 92 points, to close at 5,845 last night, shaken by Moody's downgrade of Spain's credit. It was down further in early trading this morning, off 0.16% at 5,836 points, as investors reacted to the massive earthquake in Northern Japan.

Richie - longterm prospects are very good here but with the turmoil ongoing in the Market just now we may see some further drops in SP over the next week or so before she takes off again - my own thoughts only

http://www.iii.co.uk/tv/episode/fresnillo-plc-fres

Not too sure why the fact that the bulk of profits came from emerging markets, is a reason for this to drop!...if they can continue the growth in Asia etc and look for even slow to modest recovery in the West then surely this is a very good buy at this level of SP.