plenty of volume so far today with some large buys going through, contrary to some negative opinion I think FML have done an excellent job in creating a production facility in such a harsh enviroment in such a short time, obviously teething troubles occur but these are being actively addressed, this operation has got to be high on the aquisition radar at this sp,
RNS Number : 2486P Frontier Mining Ltd 30 September 2013 FRONTIER MINING LTD ("Frontier" or "the Company") Interims Results for the six months ended 30 June 2013 Frontier Mining (AIM:FML), the AIM listed exploration, development and production Company focused on Kazakhstan, is pleased to announce its Interim Results for the six months ended 30 June 2013. Operational and Corporate Highlights -- Commenced operations in April following harsh winter -- Sberbank increased debt facility by $17.9 million and extended the term until October 2018 -- Shipment of copper cathodes began on schedule in the first week of June o A total 390 tonnes of copper cathode were shipped during the first 6 months of 2013 o 466 tonnes of Copper produced in the period -- Adam Moroney hired as an independent degree-qualified consultant with 20 years of SX/EW managementand heap leach research experience -- Optimization of performance of the existing equipment and work to find the optimal operational parameters taking place -- Construction commenced on an additional four leach pads which will be bring the total number of leach pads to six -- Operational performance data: o Average sales price of US$7,081 per tonne o Average cash cost of production, excluding General and Administrative, of US$3,625 per tonne -- Copper cathode production from Benkala operations is expected to be in the range between 1,700 and 2,100 tones by the end of 2013 -- Contracts secured for sulphuric acid delivery at a discount of 75% to the pricing levels contracted in the previous 12 months -- Additional agglomerator purchased to increase ore throughput Post period end -- After a series of tests and trials proposed by Adam Moroney, leach pad stacking height at pad 3 increased from 2.5 meters to 6 meters -- Further improvement of the optimum mix for robust agglomerate using different additives -- Independent Expert Report (Wardell Armstrong) estimates Baitemir-Beschoku Post Tax NPV of $52.7m taking a discount rate of 10% -- Lenders to Frontier Mining continue to be supportive of the business, while longer term financial arrangements are secured Yerlan Aliyev, Chairman and Chief Executive of the Company said: "Since commencing production in 2013, both management and operational team is working hard and carrying out trials and tests to find the optimal working parameters at Benkala. We have an understanding that the resource size, type of ore, available utilities and infrastructure we put in place enable us to reach required levels of production. "Baitemir continues to offer significant potential that allows the management to be confident about the future of the company. We were highly encouraged by the findings of an Independent Expert Report, which we commissioned during the first half and published results from in mid July. "Like any production comp
11p was predicted prior to this so a spike above is possible, depends on how the pr chaps are doing their job!
Pure Wafer PLC Trading Update Share On Facebook Print Alert TIDMPUR RNS Number : 7018O Pure Wafer PLC 24 September 2013 PURE WAFER PLC (AIM: PUR) Trading Update 24 September 2013 Further to the trading update released on 30 July 2013, Pure Wafer plc ('Pure Wafer' or the 'Company'), the provider of high quality silicon wafer reclaim services for many of the world's leading semiconductor manufacturers, is pleased to confirm that it expects to report strong trading ahead of current market expectations when it releases its preliminary results for the year ended 30 June 2013 on 1 October. As previously indicated, Pure Wafer has continued to experience high levels of demand for its wafer recycling services at each of its Swansea, UK and Prescott, Arizona plants which have both achieved record levels of trading during the period. As a result of this sustained demand and continuing attention to the control of costs, the Company will report an increase in EBITDA for the period. In addition, the Directors have reviewed the remaining useful lives of all fixed assets, and will report a $2.3m reduction in depreciation and amortisation when compared to the annual charge for 2012 using the previous useful lives. Following completion of the successful placing and open offer which raised approximately GBP4.5m, which was completed during the year along with the new HSBC banking facilities, the Company now has increased funds available to invest in and maintain its property, plant and equipment. The Company's maintenance and repair policy is one of the key factors that determine the estimated life of plant and equipment and as a result of this change the remaining life of many assets has been extended. As a result of the sustained level of demand and change in depreciation policy, Pure Wafer will report a pre-tax profit for the year ended 30 June 2013 significantly ahead of current market expectations. Contacts:
all grist to the mill, I notice Pure now stating they are number one reclaimer in the u.s. does anyone intend to attend next weeks investor meet and does anyone have the location details,
Great post, it seems regarding rns's fml are know damned if they do and damned if they dont
and i thought the litigation drop was illogical!
Mr Harrington and Mr Howells obviously think theres something to get excited about, three days of meet the investors! what a turnaround.
PURE WAFER PLC (AIM: PUR) Notification of Announcement of Preliminary Results for the Year Ended 30 June 2013 13 September 2013 Pure Wafer plc ('Pure Wafer' or the 'Company'), the global provider of high quality silicon wafer reclaim services for many of the world's leading semiconductor manufacturers, is pleased to confirm that it will announce preliminary results for the financial year ended 30 June 2013 on Tuesday 1 October 2013. Chief Executive, Peter Harrington, and Chief Financial Officer, Richard Howells will be available to meet with existing and potential investors and other interested parties in London from 1 to 3 October to review the results, current trading and prospects. For further information or to arrange a meeting please contact Jessica Metcalf at WH Ireland or Paul Vann at Winningtons Financial, details below.
Heres a bit, In China, a report due later today will show factory output in the world’s second-biggest economy expanded 9.9 percent in August from a year earlier, after rising 9.7 percent in July, according to the median of 45 estimates in a Bloomberg survey. Retail sales probably rose 13.3 percent on an annual basis, from 13.2 percent the previous month, a separate poll shows. Now assuming FML is actually producing copper, when they release some production news, what do you think will happen to the sp.
Pure Solar's performance will be revealed in a few weeks, based on this story it needs to be a satisfactory one. http://www.solarpowerportal.co.uk/news/sharps_wrexham_plant_operating_at_near_full_capacity_2356
http://www.reuters.com/article/2013/09/02/markets-metals-idUSL6N0GY19I20130902
hang on, the nomad WHI seems to have an alternative agenda.
looks like we might hit 7p with a little more volume
interesting read http://www.prweb.com/releases/2013/8/prweb10970177.htm
can only buy small number at 6.3 at the moment sell as many as you like at 5.7,
would expect Winningtons Financial PR Limited to start earning their fees any time now!
get a grip guys "This judgment is subject to an appeal which will be lodged by Sokol Holdings Inc. Whilst the Board of Frontier does not believe the Company should bear any costs of this litigation, as a named party, it is jointly and severally liable for the final sum awarded to the defendant." appeal is years away and FMl should not bear any costs anyway,
and even further! http://www.ft.com/cms/s/0/635d23c4-05c7-11e3-8ed5-00144feab7de.html#axzz2c4ReAjyB
copper set to increase further ! http://www.bbc.co.uk/news/world-latin-america-23706440