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LONDON (Thomson Financial) - Griffin Mining Ltd. said it has agreed to acquire Canada-based Yukon Zinc Corp., and added it will offer one share for every nine Yukon Zinc shares held. The company said the transaction needs the approval of two-thirds of Yukon Zinc's shareholders, and added Yukon Zinc has agreed to pay a break fee of C$2.5 million. Griffin said the shares to be issued as payment would be valued at 45.31 million pounds based on the closing price of Griffin's shares of 89.5 pence on April 21. After completion, Griffin will have a 60 percent interest in the low-cost Caijiaying zinc-gold-silver-lead mine in the People's Republic of China and a 100 percent interest in the high grade advanced zinc-silver-copper-gold-lead Wolverine project in Yukon Canada. When the Wolverine project achieves full production status, projected annual zinc production in concentrates from Caijiaying and Wolverine is expected to be above 150 million pounds and annual payable silver production above 4.5 million ounces, along with significant production of copper, gold and lead. TFN.newsdesk@thomsonreuters.com ans/nes
Renovo says gets positive results from Juvista phase 2 trial follow up LONDON (Thomson Financial) - Renovo Group Plc., the biopharmaceutical company which develops anti-scarring drugs, said results of a planned 12-month analysis of two Juvista Phase II trials were positive. Based on a photographic assessment, the company said a range of doses showed statistical significance doses and reduced levels of scarring in patients. The company said the data supported the progress of Juvista into Phase III trials, the first of which is due in the second half. Renovo has so far run 16 Phase I and II trials for Juvista. Renovo shares fell sharply in March after a mixed set of trial results, which showed Juvista had no significant effect on scars caused by breast enhancement surgery, the largest likely market for the product. julian.hofmann@thomsonreuters.com this is flying now, fantastic news...........................................
http://www.bloomberg.com/apps/news?pid=20601102&sid=a8NoX8VDs41I&refer=uk Silverjet Held Takeover Talks With Lufthansa, Sunday Times Says By Mathew Carr April 13 (Bloomberg) -- Silverjet Plc, the business-class airline that began flying from London to New York last year, had exploratory talks with Deutsche Lufthansa AG and Bland Group Ltd. as it seeks a buyer, the Times of London reported, without saying where it got the information. Silverjet has been forced to put its expansion plans on hold, amid surging oil prices, the newspaper said. The airline's directors have also sought interest from Middle Eastern investors, the report said. Bland Group has a history of investing in airlines, it said. To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net Last Updated: April 13, 2008 07:59 EDT
One report suggested the business airline could become a takeover target for easyJet Plc. after it said in January that it had appointed Amir Eilon, a former board member of the budget carrier and friend of easyJet's largest shareholder Stelios Haji-Ioannou, as a non-executive director.
Rumour is Easy Jet to T/O Silverjet price going up and few £££££'s to be made here..
not dropping holding very well, my broker having trouble buying large volumes at sensible money for clients at the moment, remember this share was a a record low pre this rns... still lots of buys only way is up..
Seymour Pierce retained its 'buy' recommendation on the stock.
GRIFFIN MINING But even in troubled times there are companies whose long-term prospects are immune from the turmoil. One such is likely to be Griffin Mining. Industry sources say the firm, which operates a mine in north-east China, is set to announce a major mineral find close to its existing site. The new find could amount to thousands of tons of zinc, lead, silver and gold, with a total value of about £300m, all on top of its already profitable operations. Quite what the new find will add its profits will depend on extraction costs and whether commodity prices stay high. But this unexpected news comes just as Griffin's shares hit a one-year low of 65½p on Friday, valuing the group at just £171m. A bounce seems likely.
Cant be bad, still lots more to go...
RCG Holdings says not aware of any reason for recent share price weakness LONDON (Thomson Financial) - RCG Holdings Ltd said it is not aware of any reasons for the recent weakness in its share price, and added that it intends to continue with its share buy-back programme. The integrated biometrics and radio frequency identification (RFID) security technology provider said it continues to be encouraged with current trading and has experienced a strong start to this financial year. RCG Holdings added that it views the future with confidence. At 11.17 am, RCG's shares were down 5.5 pct at 51.50 pence. TFN.newsdesk@thomson.com kal/rw
Huge increase in profits, this should recover to £3.50 very soon and then north the rest of the year, get in now and enjoy a easy ride...
The bounce is in sight... will fill up now
this stock fell big time yesterday 42%, sound company so cant understand why the market reacted so badly, so i am in, and hoping for a bounce soon.
these where Friday sells, prices from 16p down to 9p still looks north bound and my 20% has already been made.......
At 72% fall Friday a RNS statment also Quote: Disease detection company IDMoS PLC confirmed that a range of transactions are under contemplation with what it described as 'a private, profitable company', including an offer for IDMoS's entire share capital, and that talks are at an early stage looks like the drop was well over the top, hoping for at least 20% bounce Monday if i can manage to buy any shares quick enough....
looks like this should fly...excuse the pun on Monday, late big buys and possible takeover talk /gossip, a very cheap share, company now in profit DYOR
looks like a rebound is on the cards
made good money on these last week looks like may be a big jump again, still a cheap share
13/12/2007 10:55:43 9.74 100,000 O 9,745.00
Same again 2morrow........