LSE Market News

Once upon a time there were mining giants.  They mined huge amounts of different ores all over the world.  In order to get their mining done, the giants needed the help of elves.  WRONG STORY!  They needed that help of other giants.  One of them was a giant Caterpillar.  The Caterpillar became very rich and […]

BP (LSE:BP) (NYSE:BP) has opened a new facility in Houston to house the world’s largest supercomputer for commercial research. The Center for High-Performance Computing, located at BP’s US headquarters in Houston, will serve as a worldwide hub for processing and managing huge amounts of geophysical data from across BP’s portfolio and be a key tool […]

Wishbone Gold (LSE:WSBN), an exploration company focussed on precious metals, has issued an extensive set of results for its on-going exploration programme on the 100% owned 6,300 hectare Wishbone II tenement in Queensland, Australia, which has identified new gold and polymetallic mineralisation within the licence area. Highlights. Hanging Valley Prospect Area: – Latest results...

If you follow this column on even a semi-regular basis, you know that I stand on the axiom that “cause and effect are not necessarily closely related in time and space.”  Were it not for the single word “necessarily,” Shire Plc (LSE:SHP) would have resoundingly proven me wrong today.  Shire released it Q3 financials at […]

Europa Oil & Gas (LSE:EOG), the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, has reported the completion of a 1,500 sq km 3-D seismic acquisition programme on Frontier Exploration Licences (‘FELs’) 2/13 and 3/13 in the South Porcupine Basin, offshore Ireland. Kosmos Energy […]

Oh, Savannah. Savannah Resources (LSE:SAV), an AIM listed exploration company, has announced that it has raised £496,313 (before expenses) through the placing of 18,047,748 new ordinary shares at a placing price of 2.75p per ordinary share. N+1 Singer acted as broker to the Placing, which was oversubscribed and featured both new and existing investors. Overview: […]

In the early days following the birth of his company, a CEO friend of mine who demanded a minimum 15% sales increase  year-on-year during each period, paradoxically warned his staff to maintain a low profile because “The higher you raise your flag, the more people there are who will shoot at it.”  Nick Robertson, CEO of […]

Plexus Holdings (LSE:POS), an AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, had released preliminary results for the year ending 30 June 2013. Results: · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

Ariana Resources (LSE:AAU) , has provided a further update on its recent exploration programme across the Red Rabbit Joint Venture project area in Western Turkey, following on from initial results announced on the 23 September 2013. Highlights: -Ten new drill-ready targets defined on well-mineralised veins (rock-chip values typically exceeding 5 g/t Au) at the Kiziltepe […]

I love it when there are compelling reasons to invest in a company.  Yesterday I wrote about Fastjet (LSE:FJET).  The compelling reason to invest in Fastjet is its strategic objective to become the low-cost airline of choice in Africa.  Having now established its first international flight, it is poised to succeed.  Likewise, there are compelling […]