LSE Market News

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has provided an update on the Company’s exploration activities at its 207 sq km Kossanto Gold Project in the prospective Kenieba Inlier in western Mali. Overview: · Discovered new highly prospective high grade gold area within the southern section of […]

Savannah Resources plc (LSE:SAV), has said that it has completed its first drilling programme at the Company’s 80% owned Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · 27 holes, for a total of 1,812m of reverse circulation (‘RC’) drilling were completed to assess the prospectivity of […]

Atlantic Coal (:LSE:ATC), an AIM listed anthracite coal mining company operating in Pennsylvania, USA, has announced that it has entered into a joint venture and coal sale agreement with China based CIC Brancepeth Coal Limited (“CIC-Coal”), a company founded and currently managed by AIM listed CIC Capital Ltd. Joint venture agreement: Under the joint venture […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resource projects in Africa, has announced that it has entered into agreements to acquire the remaining Netcom Global Inc (‘Netcom’) share capital not already held by Armadale, thereby gaining the right to an 80 per cent interest in the highly prospective, low-cost, Mpokoto Gold Project […]

Noricum Gold Limited (LSE:NMG), the Austrian focused gold exploration and development company, has provided an update on its 2013 work programme at the Company’s 100% owned Rotgülden Gold and Precious Metals Project , which is currently focused on defining the extent of mineralisation already identified at the previously producing mine, one of four targets delineated […]

Mytrah Energy (LSE:MYT) have informed investors that on 14 November 2013, R&H Trust Co (Jersey) Limited as trustee of The Raksha Trust (the “Trust”), a Jersey based discretionary trust settled by Ravi Kailas, the Chairman and CEO of Mytrah Energy Limited, of which he and some of his family members and also a philanthropic trust […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, Something different this week. Well, kind of. We’re halfway through November meaning just 5 shopping weeks until the big day. It also means market observers such as myself are busy updating their annual Santa Rally research showing off their […]

I’m a bit unsure this morning of exactly how to define “a winner.”  The share price of newly relisted AIM member, Gusbourne Estate (LSE:GUS) rose faster than the bubbles in a flute of sparkling wine.  When the bottle was opened this morning the share price bubbled up from 74.50 pence to 99.50, and 25% increase. […]

On a day when the FTSE 100 has slid more than 100 points, AIM-listed Petards Group (LSE:PEG) share price has soared by over 110%, rising 12.75 pence to 24.25, and there is no guessing or speculation as to why.  Petards announce today that they have been awarded a £7 million contract by the Ministry of Defense. […]

The Petra Diamonds (LSE:PDL) share price tumbled by 2.5 pence today to 111.70, a 2.2% drop, proving once again that diamond mining is not for the faint of heart investor.  It is believed that the decline is a result of the company’s first quarter 2014 production and sales report.  Apparently, there is a new corollary […]