"A period of price consolidation will see shares trade in a tight range, with lower volumes. Traders and investors are digesting recent activity and price movement, holding the stock range bound before breaking out to the upside or downside. This break is often preceded by a further spike in volume at the top of the range (the resistance level) – in which case the shares may be about to move higher – or the bottom of the range (the support level) – in which case the shares will be ripe for a further move down." imho
mm,s seem intent on moving price up on little volume, not that im complaining.
KAZ continues to surge, good news for fml
RNS Number : 4120L Frontier Mining Ltd 12 August 2013 FRONTIER MINING LTD ("Frontier" or "the Company") New Corporate Website Frontier Mining Ltd (AIM: FML), the AIM listed copper exploration and development company focused on Kazakhstan, announces that its new corporate website is available to view at www.frontiermining.kz -END-
Kaz, fml's most likely suitor, flying today,
tony.s ,p r , its the missing piece in the picture we know how great the future is for this company, but the good news needs to be highlighted to the wider investing public, pure is one of the few aim listed companies that I would feel confident enough to put in my isa. Looking forward to our faith and patience being rewarded over the next few months.
LOS ANGELES (MarketWatch) -- China's industrial production grew at the fastest pace since February, rising 9.7% in July from a year earlier, though retail-sales growth slowed slightly, the National Bureau of Statistics said Friday. The strong gain for industrial production compared to a 8.9% gain in June, and exceeded forecasts for a 9% gain in separate Reuters and Dow Jones Newswires surveys of economists. Retail sales, however, eased to a 13.2% growth rate from June's 13.3%, though it still marked the second-best month this year. The retail results lagged expectations for a 13.5% gain in the Reuters poll. Urban fixed-asset investment -- watched as an indicator of construction spending -- grew an average 20.1% in the January-July period, the same as for January-June and ahead of a 20% projection from the two newswires' surveys.
186k buy at 1.75 up 37.25 %, have kaz made an approach?
big volume for fml so far with a 1 mill buy just gone through, must be a leak.
the drop was overdone imho,
nice to see sp edging up, due to rise in copper price or is a release imminent?
reckon approx $9million extra revenue on 40% increase in 300mm reclaim
687K Trade at 6.4
max buy before neg trade 2500 at 6.5 !! could move fast.
yes, £11520 x 2 that figures,
has anyone managed to put in an isa, halifax saying ineligible at the moment.
With both manufacturing sites in Swansea and Prescott running at record levels of productivity and with overall levels of costs being tightly managed, Pure Wafer's cost per unit is currently running at an all time low, giving further confidence in the strength and profitability of the business going forward. With our lower cost of manufacture and planned increase in capacity we are well placed to take advantage of the current increasing activity and the forecast long term growth in the industry. Solar pv Notwithstanding the challenges facing the solar pv industry, which have been compounded by the Government's indecision regarding levels of feed-in-tariffs and the influx of Chinese imports, the re-focusing of Pure Wafer's Solar Division marketing strategy of targeting commercial, local authority and clients with multiple buildings has shown a level of success. Whilst the order book was slow during the second half of the financial year we are optimistic in our expectations for the next period. Cancellation of Share Premium Account Following the announcement on 23rd May 2013 regarding the proposed cancellation of the Share Premium Account, the Board is pleased to confirm that the High Court in London passed a Court Order on 27th June 2013 granting the cancellation of the Share Premium account and the Court Order was duly registered by the Registrar of Companies on 28th June 2013. The cancellation of the Share Premium Account will eliminate the deficit on the Company's Profit and Loss reserves and so enable the payment of distributable reserves should the Board decide to declare or recommend the payment of dividends in due course. Results Announcement The Company's preliminary results for the financial year ended 30 June 2013 are expected to be released during week commencing 30 September 2013. Financial PR The Company is also pleased to announce that it is embarking upon an on-going programme of pro-active engagement with existing and potential institutional and private investors and the financial media, following the appointment of Winningtons Financial PR Limited (contact details below).
PURE WAFER PLC (AIM: PUR) Trading Update Strong trading momentum maintained 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 provide the following trading update in advance of the announcement of the Company's preliminary results for the year ended 30 June 2013. Trading during the second half of the financial year has remained strong, building on the run rate achieved in the first half as reported in the interim results statement. Pure Wafer has continued to see increased demand for its wafer reclaim services, mainly from the Asian markets and particularly from the foundry sector, but also from the stable US and European regions, and is currently running at record levels of production. The semiconductor market continues to show positive signs of further growth for the remainder of 2013 and beyond, which gives confidence that current levels of business will be sustainable into the next financial year. Our Markets With industry analysts forecasting growth through to 2015 and beyond, based on the ever increasing demand for hand held devices from the world's emerging economies, many of our major customers have committed and commenced substantial new investment in 300mm silicon chip manufacturing facilities amounting to tens of billions of US dollars. Many of these are at or nearing completion and we believe this level of financial commitment demonstrates our customers' confidence in sustainable growth, giving rise to further substantial wafer reclaim opportunities for us in the near future and subsequent years. Our Operations Pure Wafer's operations are currently running at high levels of utilisation and whilst current demand can be accommodated within the existing facilities in Swansea and Prescott, with the market continuing to grow, forecast demand will exceed current capacity. Pure Wafer's Board has therefore agreed a programme for increasing 300mm capacity by up to 40% across both manufacturing sites in order to supplement the existing 300mm production lines and to enable us to meet continued and foreseeable demand. This additional capacity will be installed during the current financial year. Following the £4.5 million ($7.2 million) Placing and Open Offer in October 2012, which enabled the Company's debt to be substantially reduced and allowed the successful re-banking of our facilities at commercially competitive rates, Pure Wafer will be funding the capital expenditure for the increased capacity programme from our cash generation. With both manufacturing sites in Swansea and Prescott running at record levels of productivity and with overall levels of costs being tightly managed, Pure Wafer's cost per unit is currently running at an all time low, giving further confidence in the strength and profitabil
tony.s, think your spot on with that observation,
FRONTIER MINING LTD ("Frontier" or "the Company") Publication of Expert Independent Report Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces the publication of an Independent Expert Report, by Wardell Armstrong International, entitled "Review and Preliminary Valuation of Baitimir Project Located within the Naimanjal License Territory NE Kazakhstan, dated 16 July 2013." Wardell Armstrong International (WAI) is an independent engineering and environmental Consultancy, which has provided the mineral industry with specialised geological, mining, and processing expertise since 1987. WAI was commissioned by Frontier to prepare a scoping report to include a preliminary financial evaluation, based on data provided by Frontier up to 25 December 2012, of the Baitimir project. The project is located within the Naimanjal license, and is comprised of the Baitimir, Yubileiny and Beschoku copper deposits. This report documents the geological block preliminary modelling and mineral resource as at October 2012, and is a non JORC (2004) compliant desktop report. The results of the financial modelling show that, when applying various discount rates between 8% and 20% the model produces Post Tax Net Present Values of US$17 million and US$67 million respectively based on income from the recovery of copper, silver, gold, magnetite and molybdenum. The internal rate of return (IRR) for the Baitemir and Beschoku projects are approximately 40% with a payback period outlined in the report of 2.73 years. Wardell Armstrong estimates that the cash operating costs over the life of mine are approximately US$10.01 per ton of oxide ore processed and US$19.79 per ton of sulphide ore. DCF Model Results (Before Funding and Debt Service): NPV@ Discount Rate 8% USD$m 67 NPV(Base Case) @ Discount Rate 10% USD$m 53 NPV @ Discount Rate 15% USD$m 30 NPV@ Discount Rate 20% USD$m 17 IRR % 40% The review and preliminary valuation support Frontier Mining's view that Baitimir is an attractive project with robust economics. Frontier will keep all options open as to the optimal development strategy for the Baitimir whether that be from its own resources, through joint venture or through the sale of the project to a third party. Click on, or paste the following link into your web browser, to view the associated PDF document. http://www.rns-pdf.londonstockexchange.com/rns/6666J_1-2013-7-18.pdf A full copy of the report can be found on Frontier's website: www.frontiermining.com