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Alexander David Investments PL Issue of Equity Alexander David Investments PLC ("ADI" or the "Company") Issue of Equity ADI (AIM: ADI) announces that, pursuant to the exercise of warrants, it has issued 20,000 new ordinary shares of 0.01p each in the Company at an aggregate exercise price of £1,000. Application has been made to the London Stock Exchange for the 20,000 ordinary shares to be admitted to trading on AIM and admission is expected to occur on 9 February 2012. Following the above issue of equity and the issue of equity announced earlier today, the issued share capital of the Company will comprise 401,057,451 ordinary shares of 0.01p each. For further information, please contact: Alexander David Investments PLC Percy Lomax +44 20 8504 2156 Cairn Financial Advisers LLP Nominated Adviser Liam Murray / Avi Robinson +44 20 7148 7900 Alexander David Securities Limited Broker David Scott / Bill Sharp +44 20 7448 9820
Based on the contract's gas price formula, the current and forecast average gas price is €0.306/cubic meter (US$11.50 /thousand cubic feet). Management expect net revenues to MOG to be approximately €12 million per annum, based on anticipated production of approximately 20 MMcf/day (20% net to MOG) and forecast gas prices.
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http://www.investegate.co.uk/Article.aspx?id=201112221510585277U 88,340,000 shares dumped!
http://www.investegate.co.uk/Article.aspx?id=201112221005404890U
Stmnt re Share Price Movement Fri, 9th Dec 2011 07:00 RNS Number : 6585T Trading Emissions PLC 09 December 2011 ? 9th December 2011 Trading Emissions Plc Statement re share price movement The Board of Trading Emissions Plc ("Trading Emissions" or "the Company"), notes the recent material fall in the share price of the Company, and the price of carbon related securities, and wishes to provide the market with updated information on the Company's cash position and prevailing asset values. The last Group consolidated audited NAV per share as at 30 June 2011 was 121.08 pence. Adjusting for cash movements at the Company level and valuing the carbon portfolio as at 6 December 2011 reduces the Group NAV per share to approximately 76.7 pence (unaudited). This adjusted Group NAV comprises the following: · Private equity portfolio as at 30 June 2011 of approximately £149.9m or 60.0 pence per share (unaudited, including portfolio company year end valuations and cash balances) · Carbon portfolio of £(16.0m) or (6.4) pence per share (unaudited) based on carbon prices as at 6 December 2011 · Company cash balances as at 6 December 2011 of £50.2m or 20.1 pence per share (unaudited, including restricted cash of £21.5m) · Hedging: Cash value as at 6 December 2011 of £15.2m or 6.1 pence per share (unaudited) · Other liabilities as at 30 June 2011 of £7.7m or 3.1 pence per share (unaudited) The Investment Adviser to the Company estimates that the unhedged exposure to carbon obligations is c.13.5m tonnes of pre Dec 2012 delivery CERs, with a maximum theoretical liability to the Company of £77.3m in the unlikely event that the price of carbon was to fall to zero. The Company is not contractually obliged to purchase post Dec 2012 CERs. In addition to the cash balances described above the Company is also due to receive repayment of a loan of €17.7m from a portfolio company in early 2012. The Company therefore has sufficient cash resources to meet its current obligations and as previously announced the Board is overseeing the orderly realisation of the assets of the Company in line with its investment policy and will update shareholders in due course The Company was also notified on 8 December 2011 that, on 7 December 2011, Simon Shaw of EEA Fund Management Limited (Investment Adviser to the Company) purchased 250,000 shares in the Company at a price of 26.5 pence each.