Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
MELBOURNE (Dow Jones)--Rio Tinto Ltd. (RTP said Wednesday there are signs of a recovery in the diamond industry, hit hard by the global downturn, and global sales are expected to rise in the second half of 2009. In a presentation given to investors at its Diavik operation in Canada, Rio Tinto said leading indicators for the diamond industry are now moving in the right direction with consumer confidence rising while the price of polished diamonds has stopped falling. Sales and supply levels have risen and are expected to continue to do so in the second half, it said. "Primary rough sales have improved significantly in (the second quarter and third quarter of) 2009 and supply volumes into the market are moving back towards pre-crisis levels," it said in a presentation. In the long term, diamond demand was set to exceed supply, Rio Tinto said. The company is moving to underground mining at Diavik and expects first ore production from the underground operations to begin early 2010. Rio said diamond production for the year to date at Diavik has exceeded expectations.
Golden cross between 50 and 200 day ma's .... going long, stop loss 128'ish.
Libyan Oil. Lets hope COP's major shareholders give them access to some without having to use Tony Blair as a mediator! Got into these because they are fully funded.
Been watching the whole PXS thing from the sidelines. Anyone think they have a viable product if the EU wording gets sorted out? Watched the share price get ramped to 22p so avoided like the plague! Been reading up a bit and seems they may have found a bit of a golden egg if they get the right backing and market things properly. All opinions welcome ... thinking of jumping in sub 4p .... when EK closes his short!
They seem tight lipped ... unlike PXS who said they didn't know why the share price had risen so much!! Shares in Kopane Diamonds (AIM: KDD) exploded this morning, jumping over 100%, after several press reports suggested the company is about to announce a significant resource statement for its ‘Main Pipe’ kimberlite in Lesotho, Southern Africa. In a brief statement the company acknowledged the movement in the share price; however no further comment was made in relation to the speculation. Kopane instead referred the investors to its previous independent Definitive Feasibility Study (DFS) for the Main Pipe which was detailed on the 17th November 2008. A Pre-feasibility study in 2007 estimated 42 million tonnes of diamond-bearing kimberlite, however, in the DFS dated 17th November, the core drilling results led to a major recalculation of the dimensions of the Main Pipe, which allowed the definition of a significantly larger resource tonnage of more than 75 million tonnes ( a 79% improvement). The potential $1bn value of the in-situ diamonds resources held within the main pipe development was initially aired back in the July 2008 following the pre-feasibility study (PFS), and subsequently revised in November 2008 following the DFS and interim report. Kopane expects to receive an updated resource statement shortly, following which it will make a further announcement.
The market has missed a trick here ... since Europa Oil and Gas (EOG) has perhaps 250p in Voitinel through its 29% stake (Aurelian has 33%). This is subject to tax. But even so circa 180p is pretty attractive in relation to the current price.
NAV £3.5 per share. Even if property prices drop another 10%, this should still be worth at least £2/share.
Got in today .............................. let the good times roll! Zambian exploration company Kiwara Plc announced on June 17th the definition of a world class mineral resource at its Kalumbila project in the North West of the country. International mining consultants Snowden estimated a South African Mineral Resource Committee (SAMREC) inferred resource of 1.38 billion tonnes at 0.78% copper, 0.4% nickel and 0.03% cobalt which, at current prices, is worth over $90 billion in the ground. Snowden’s estimated resource is based on a total of 62 bore holes - 31 drilled by Kiwara and 31 by previous site owners. The resource is close to surface and open on strike to the south west, thus implying an open pittable mine with strong potential for further resource finds.
Just got into this one today ... reckon 40p could be on the cards. GL all.
Looks good ..... I'll stay patient on this one. Thanks for posting all the info.
Market makers seem to be holding this back .... they must see the potential in this share so I think they wanted to pick a few up cheap! Here's to next week.
At last some life! Roll on 250 plus!!
I reckon a re trace to about 140 then a steady rise to 200 ...
To short or not to short ... almost got stung 2 weeks ago ... managed to close my short before the rally from hell. This ones too unpredictable for me at the moment. I'm going to start trading enterprise inns instead ...
Couldn't agree more ... don't get this price drop though ... this tended to be a 'recession' proof stock so I guess with the FTSE flying at the moment, other stocks are looking more attractive. I'm holding mine for now.