LSE Market News

Shares of global diversified miner Anglo American plc (LSE:AAL) were being drilled on two accounts today, as its iron ore business on both sides of the Atlantic, the costly Minas – Rio Project in Brazil and the strike-hit Kumba Iron Ore in South Africa, suffered setbacks that are anticipated to hurt the company’s 2012 financial […]

AIM Listed Firestone Diamonds (LSE:FDI) was a duff tip from me from my days at t1ps.com. Even when you average gain per tip over 12 years was 42.7% you have losers and this was one of them. I advised bailing out at 6.125p on October 25th. Results are out today, the shares are still 6.125p but […]

Shares of Mercom Oil Sands plc (LSE:MMO) plunged on the London Stock Exchange today after the company failed to close the deal to complete the acquisition of 50% interest in four oil sand leases in Canada after several months of negotiation with its joint venture partner, Nordic Petroleum AS. Mercom’s share price dived 36.8% to […]

I banged my head on a bedside table at 4 AM this morning and unable to get back to sleep I created a Downfall parody video on AIM listed penny dreadful Sefton Resources (LSE:SER). Even my harshest Bulletin Board critics seem to admit that it is very funny. If you are a Sefton shareholder my […]

Irish independent oil and gas explorer, Providence Resources plc (LSE:PVR), is to attend a gathering of industry peers at a conference in Dublin today with fresh news that another of its acreage off the west coast of the state may contain a large deposit of hydrocarbon. In a statement, the London and Irish stock exchanges […]

Petrel Resources plc (LSE:PET) more than doubled its market value today and reached a 66-week high as the Irish-incorporated oil and gas explorer ventured to say there is about a billion barrels of oil potentially lying within its acreage at the highly prospective Atlantic waters west of Ireland. The company’s Managing Director, David Hogan, said a […]

International Consolidated Airlines Group (LSE:IAG) was out of the gate at 0700 this morning with its 3rd Quarter results.  One minute later the company announced that it was rushing subsidiary Iberian Airlines into the hanger for major repairs.  Given that the IAG share price was up 4.30 pence to 172.30 at 45 minutes past noon, investors […]

“The publication of today’s results closes a painful chapter in Lonmin’s history,” Roger Phillimore, Chairman of the Board of major platinum producer, Lonmin plc (LSE:LMI), began his message in the release of the company’s 2012 final results that drilled the company into a loss greater than that during the height of the global financial crisis […]

Vatukoula Gold Mines (LSE:VGM) has today announced that it has completed its botched replacement placing to raise £6.6 million gross from Chinese investor Zhongrun International Mining Co. Ltd at 33p a pop. The shares are now 32.5p. I can understand why folks are giving up on this one. Numerous placings – including this rather botched […]

Munitions company Chemring (LSE:CHG) announced this morning that the private equity firm Carlyle Group has indicated that, after two-and-one-half months of due diligence and negotiations, it will not pursue an interest in the company.  Chemring specializes in the manufacture of countermeasure devices and explosives as well as munitions.  This mornings announcement set off a veritable […]