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November 2011

Solomon Gold Announces Resource Upgrade

30 Nov 2011 @ 15:01
Solomon Gold Plc (LSE:SOLG) announced on Wednesday a resource upgrade for their Rannes site in Central Queensland, Australia.  The news drove the share price up over 40% by mid-afternoon trading. The statement released by the company on 30 November informed investors that the Inferred Resource Estimate at the Rannes site has increased by 20% from 675,779 oz to 812,000 oz. Further Information...
 

Angel Mining Share Price Drops

30 Nov 2011 @ 14:53
Angel Mining Plc (LSE:ANGM) released a statement containing unaudited financial information for the six month period ending 31 August, 2011.  The news propelled the share price down as far as 28% in early trading on Wednesday. Financial Results The company reported a loss of $1,654,000 for the period, a dramatic reduction from the same period last year, which saw a loss of $2,625,000. However...
 

Cyan Holdings - Indian Smart Meter Market Development

30 Nov 2011 @ 10:50
In a news release distributed on Wednesday, Cyan Holdings Plc (LSE:CYAN) announced substantial developments in the Indian smart metering electricity market, prompting a share price increase of 46.3% to 0.79p by 4:00pm GMT. The announcement comes following The Smart Energy Conference, held in Delhi from the 14th to the 16th of November, where Cyan was confirmed as a leading supplier of smart...
 

2008 All Over Again

30 Nov 2011 @ 10:30
The dead cats have been bouncing. Normally I would be trying to catch these falling knives but I simply do not have the nerve at present. In a nutshell I think this is 2008 all over again and that this little rally will tilt over into a giant fall. Of course I can’t really know for sure but I simply don’t have the stomach for trying to trade stuff like DTZ. However I did buy a tiny amount of...
 

Big Euro move faster than expected

30 Nov 2011 @ 10:30
Well the big Euro move came a bit faster than expected. Clearly this move was out of the bag on the weekend. Don’t expect any financial regulators to look into this fine piece of market insider trading though but bear it in mind for the future, that in the euro crisis the market will move days before the news is out on whatever happens next, because politicians just can’t keep their mouths shut.
 

Thomas Cook shares rebound 34%

28 Nov 2011 @ 11:13
The share value of travel firm Thomas Cook (LSE:TCG) rebounded 34% during morning trading after reaching an agreement with its creditors . The Thomas Cook Group announced “a new facility that significantly improves the robustness of the Group’s financial position”. The news follows a 75% drop in share value last Tuesday after it was revealed that the firm’s net debt was close to £900m. The...
 

What I'm buying at the moment

28 Nov 2011 @ 10:30
I have been out of the markets since just before the US downgrade. My position is: keep my powder dry till the real crash happens. Yet I love stocks so it’s hard to stay away. These are testing times, but deep down I like a test – it’s the cricketer in me. I should be sat waiting but I just can’t keep completely out, so I have built up a small portfolio – approximately 20% of the...
 

Serabi Gold Drilling Update Released

24 Nov 2011 @ 16:26
Serabi Gold Plc (LSE:SRB), a UK based gold exploration company with an operational focus on Brazil, released a statement on Thursday announcing positive preliminary results from drilling activities on the south-eastern strike extension of their Palito deposit.  The AIM traded company share price was up 2.5% at 3:11 pm GMT following the news release. Operational Overview Drilling commenced in...
 

Summit Receives Orphan Drug Status From FDA

24 Nov 2011 @ 15:47
Summit Corporation Plc (LSE:SUMM) shares were up 4.3% by 9:44 am GMT on Thursday following a press release by the company. According to the announcement, the drug discovery company’s SMT C1100 product, manufactured to treat Duchenne Muscular Dystrophy, was granted orphan drug status by the United States Food and Drug Administration. The SMT C1100 was granted orphan drug status in...
 

Bowleven Announces Further Discovery Offshore of Cameroon

24 Nov 2011 @ 13:30
Bowleven Plc (LSE:BLVN), an AIM traded oil & gas exploration company with operational focuses in West Africa, announced on Thursday further discoveries at its Sapele-3 exploration well off the coast of Cameroon. The company’s shares were down 1.4% at 11:47 am GMT to 73p. In the statement released, the company announced that the well drilling in the Douala Basin, offshore Cameroon was...
 
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