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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bns Telecom | BTP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.25 | 6.25 |
| Top Posts |
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Posted at 18/10/2008 12:29 by geordieduke2 Big sell of this stock last week at just 3p with a couple of very small buys to bring it back up to maybe an artificially higher level. Perhaps the sells show the true worth of this company. Could have been their dodgy chairman dumping his shares after he resigned recently. Looks like Moat Properties is a buy-to-let company so maybe Moat needed the £800k to shore that up, but the way the property market is going it's hard to see that BNS will get their money back next summer when it is supposed to be repaid. Not only has taken a massive chunk of valuable working capital out of the company (equivalent to 25% of the market cap at the level at which shares were sold at last week), but it was also an unsecured loan, so BNS is not indemnified against any non-payment. To plunder such a large amount of working capital at a time when companies need it seems to imply that Moat has already given up on BNS and is simply plundering spare cash to prop up his buy-to-let empire. What chances are there of him paying back an unsecured loan to what appears to be an ailing and failing company like BNS? As this is a publicly listed company potential investors should get some protection from the irresponsible behaviour of directors. However we have seen what the FSA do in terms of ensuring corporate governance, so even if he doesn't pay it back they probably won't do anything and BNS won't be able to do anything because the loan is unsecured. It says something when the company gets shafted by it's own CEO. |
Posted at 16/9/2008 11:48 by geordieduke2 The FSA will not do anything here because there are no "financial services". Although if this is a publicly traded company you would have thought potential investors should be able to have some trust in "the system" to make a judgement whether or not to invest. Companies House are supposed to ensure good governance so that people have faith in the system. There is the Companies Act that lays out the law regarding companies. But sadly white collar crime is not actually viewed as a crime. Steal a tin of beans from a shop and you'll be sent down. Steal a few millions by going bust or not paying back an unsecured loan and everyone will pat you on the back for beating the system. No one thinks about the people that lost for their gain and how it ruins lives. At the most they would get a warning to be more discrete in future. If the company goes bust partly as a result of this loan the customers will be without a service and Ofcom will do nothing either. Nothing will happen, these guys are above the law. |
Posted at 05/3/2008 15:34 by smilewithme Good to see Franconia mentioned in Toronto Financial Post."This is a signal to go and find more of this stuff because we'll need it down the line," said Brian Gavin, chief executive of platinum explorer Franconia Minerals Corp. A number of exploration plays like Franconia and Marathon PGM Corp. are pushing projects in North America towards production, but there are no primary platinum mines on the continent, Mr. Jones said Platinum, Palladium Are Hot Both Are Up 50%; Play crucial role in the auto industry Peter Koven, Financial Post Published: Wednesday, March 05, 2008 While gold and base metals get most of the attention, platinum and palladium have emerged as a hot topic at this year's PDAC conference as the industry digests massive price increases with the possibility of even more on the horizon. The two precious metals have been on a tear all year, with prices up about 50% for each, including a record high for platinum yesterday of US$2,277.50 an ounce. Those gains accelerated in the last week amid blackouts and a worsening power crisis in South Africa, which is responsible for nearly 80% of the world's platinum and more than 30% of its palladium. The sudden leap in prices serves as a stark reminder of the tightness of many metal markets -- and how much the world relies on a small number of sources for many of the secondary metals. "This is a signal to go and find more of this stuff because we'll need it down the line," said Brian Gavin, chief executive of platinum explorer Franconia Minerals Corp. The markets for platinum group metals (or PGMs) are very small, with annual consumption of both platinum and palladium below 10 million ounces. But they play a crucial role in the auto industry because of their use in catalytic converters to cut down on emissions. As a result, they are benefiting from the growth in emerging markets as more and more Chinese and Indians buy cars, and automakers take steps to reduce emissions. At the same time, they are still precious metals and, like gold, have seen their prices rise on increased demand from jewellery manufacturers and investors looking for an alternative asset class. Exchange-traded funds have continued to be aggressive buyers at elevated prices. And jewellery demand has been surprisingly resilient despite those increases. "You really have to wonder whether platinum jewellery has reached the 'Gucci Bag' effect where the more they charge for it, the more people like it," said Mike Jones, chief executive of Platinum Group Metals Ltd., which operates in South Africa. He has seen the power crunch in South Africa firsthand. Escom, the beleaguered state utility, is forcing producers to cut usage to 90% of prior levels, which can have a disproportionately large effect on production. The big three producers (Anglo Platinum Ltd., Impala Platinum and Lonmin PLC) are all working in very close proximity and the market is worried about their ability to maintain supply. "There's no commodity like platinum in terms of geographic focus," Mr. Jones said. And there may not be any relief in sight. In a well-attended talk on platinum and palladium on the conference's first day, HSBC Securities analyst Victor Flores said his models suggested that while palladium is likely to be in surplus at the end of the year, platinum could be in a deficit. The palladium situation is thought to be not as bad because of higher inventories and less geographic concentration, but auto and ETF demand for both are big wild cards. "We believe the behaviour of two very different end users -- investors and auto companies -- will drive PGM prices this year. Negative elasticity of demand, due respectively to speculative demand and supply concerns, could lead to further price spikes," he said. The sudden interest in platinum and palladium also highlights how few companies are focused on those metals. After the "Big Three" South African producers and Russia's Norilsk Nickel, there is a big drop-off before you get to companies like North American Palladium Ltd., which supplies about 5% of the global palladium market. A number of exploration plays like Franconia and Marathon PGM Corp. are pushing projects in North America towards production, but there are no primary platinum mines on the continent, Mr. Jones said. |
Posted at 03/3/2008 19:55 by red ninja Beartooth Platinum Hosting Investor Conference Call TORONTO, ONTARIO--(Marketwire - March 3, 2008) - Beartooth Platinum Corporation ("Beartooth" ,"the Company")(TSX VENTURE:BTP) will be hosting an investor conference call on Tuesday March 4th 2008 at 10:00 am to discuss Beartooth's recent press release regarding favourable results from the 2007 field season on its Stillwater PGE property. Speakers will be Mr. Michael Johnson, CEO; Dr. Jon Findlay, Chief Geologist; Dr. Reid Keays, Consultant; Mr. Stan Bharti, Chairman |
Posted at 17/2/2008 03:27 by energyi Sorting the platinum winnersA roadmap to potential merger & acquisition activity in this red- hot sector. Author: Barry Sergeant Posted: Friday , 13 Apr 2007 JOHANNESBURG - Sky-high platinum, palladium and rhodium prices have intensified speculation over potential merger and acquisition (M&A) activity in South Africa's Bushveld igneous complex, host to the world's biggest contiguous platinum group metal (PGM) deposits. South Africa's new minerals policy, along with sustainable growth in global demand for PGMs, have spurred the creation of a number of junior PGM players, now all in play, alongside the long-established stalwarts, Anglo Platinum (JSE: AMS, R1220 a share; OTC: AGPPY, $168.5 a share), Impala Platinum (JSE: IMP, R235; OTC: IMPUF, $29.75), and Lonmin (LSE: LMI, £34.22; JSE: LON R485). There is also Russia's Norilsk, which produces significant ounces of platinum and especially palladium, but as byproducts to nickel. Norilsk, indeed, produces more palladium that the rest of the world put together. Previous M&A activity amid the Bushveld complex has included Lonmin, which acquired Messina, and more recently, AfriOre. African Platinum (AIM: APP, £0.54) is currently under offer by Impala. On Thursday, the stock price of Eland Platinum (JSE: ELD, R102.50) shot up on an official cautionary that it's involved in talks. On Friday, Ridge Mining (AIM: RDG, £1.19) jumped in London as investors continued to speculate about which platinum junior may become the next play for predators. In the background on Friday, palladium moved up for the seventh consecutive day to $375 an ounce, near its highest in almost a year, and platinum moved to around $1,272 an ounce, the highest since November 21 when it touched $1,403. Precious metals are hot, with PGMs leading precious metal equities as hefty market prices for byproducts such as nickel help to top up burgeoning corporate cash flows. Beyond the three major platinum diggers, the so-called Tier One PGM stocks, specialists also follow Tier Two names, viz., Aquarius Platinum (LSE: AQP, £16.43) and Northam Platinum (JSE: NHM, R57), and then the bigger explorers, Ridge Mining, Platinum Group Metals (TSX: PTM, C$3.70), and Platmin (TSX: PPN, $7.75). Then there is the so-called North American group, comprising two established players in Stillwater Mining (NYSE: SWC, $14.04), and North American Palladium (TSX: PDL, $10.27). Then there are the outliers: Anooraq Resources (TSX: ARQ, $2.30), Eastern Platinum (TSX: ELR, $2.07), Platinum Australia (ASX: PLA, $1.68), Wesizwe (JSE: WEZ, R11.30), and Nkwe (ASX: NKP, $1.19), among others. Outside Tier One and Two, Eastern Platinum carries the highest market value, at $1.2bn. Last year Eastern Platinum graduated to "Canada's largest" PGM producer when it acquired an indirect majority stake (69%) in Barplats, with interests in operations and projects in the Bushveld complex at Crocodile River, Kennedy's Vale, Spitzkop, and Mareesburg. Analyst Mark Smith at RBC Capital Markets has developed a sophisticated model for valuing PGM stocks, but thankfully, the analysis of the smaller PGM stocks can be usefully focused on the so-called adjusted market capitalisation (AMC) per ounce, based on the most generous definition of resources. The numbers suggest that Pan Palladium is by far the "cheapest" stock, at just $2 AMC (also known as enterprise value) per ounce. This is followed by Ridge Mining at $7, Anooraq ($8), African Platinum ($10, under offer from Impala), AfriOre ($15, taken out by Lonmin), Eastern Platinum ($15), Nkwe ($15), Platinum Group Metals ($28), Platmin ($31), Eland ($42), Platinum Australia ($55), and Wesizwe ($68). A number of specialist precious metals investors have singled Platmin out of this group, favoured for its near-surface high-grade Bushveld platinum asset, plus longer-term growth in underground assets adjacent to Lonmin's Messina mine. Platmin is anticipating pro-forma potential production of 500 000 ounces a year PGMs. Access to smelting and refining is another critical factor in evaluating potential M&A in the South African PGM sector. The scramble is on to build new smelters and refineries, long the preserve of the established Big Three. A number of the juniors, however, have toll contracts, not least with Impala Refining Services (IRS). Others, such as Anooraq, score access by running joint ventures, in this case, with Anglo Platinum, on the east and north limb of the Bushveld complex. Eastern Platinum's life-of-mine toll with IRS applies only to Crocodile River; its other interests are up for toll negotiation. None of Platmin's four projects have offtake contracts, but Lonmin owns 22% of the company, at least for now. Ridge Mining has an offtake with IRS on Blue Ridge, but no deal yet for Sheba's Ridge; and so on. Given the positioning of projects, there appear to be natural consolidation deals for some listed stocks, such as Platinum Group Metals and Wesizwe. Such a merged entity could form an interesting target for Aquarius, which could look to pooling agreements with Anglo Platinum. There is also good potential corporate activity from within Anglo Platinum, given extended delays in its black economic empowerment (BEE) plans. Anglo Platinum already operates 11 platinum mines in South Africa, and one in Zimbabwe. Potential deals from the Anglo Platinum stable include 15% of subsidiary Lebowa Platinum being vended to a BEE grouping led by Anooraq. Such a deal could include the Lebowa-adjacent Ga-Pasha project. Anglo Platinum could also look to selling its 22.% stake in Northam Platinum to Mvelaphanda Resources, backed by its biggest shareholder, Afripalm. These parties may also be future partners for development of Anglo Platinum's Booysendal deposits, but this package could also involve the likes of Wesizwe. /see: |
Posted at 14/2/2008 19:37 by pecker1 Red Ninja,Thanks for that. And just when I was considering buying into the palladium ETF (PHPD). Would doing so invite a St Valentine Day's massacre, as the writer suggests, because of several years of palladium supply sitting in vaults waiting to be sold that would thrash the longs? With platinum at $2000 and looking like staying there for many months, if not several years, I would be amazed if engineers in all the major motor companies were not investigating whether and how quickly and efficiently they could substitute palladium for some proportion of the platinum used in cats. So I suppose it comes down to whether or not you buy the hidden supplies line with stale holders just waiting to dump. Frankly, I don't. And, even if it were true, why dump if the price could be going much higher? These investors presumably are not as stupid as central bankers who want to sell gold in a thundering bull market. |
Posted at 17/1/2008 15:44 by yikyak In theory Beartooth should go absolutely bananas 'if' they hit something that even just hints at a potential mine considering it's current valuation. To be fair I think it's more frustration at the moment rather than expectation with the lengthy delay in an update. Investors remain undecided as to whether the delay is due to assays far worse than they were expecting and hence lets grab some rhodium grades to salvage something or; the management are going to hit the market with the complete package that does indeed hint of a potential mine in the making with perhaps even a background deal with Stillwater Mining.It's a really difficult one to call but I have gone with the latter, more bullish, being a more likely possibility but for no particular reason other than if i'm right the stock will scream but if I'm wrong, unless of course they just hit nothing, then worse case I would say was 7-8c. That's the main reason I picked up so many more @ 9c. "Well punk, are you feeling lucky?" |
Posted at 07/12/2007 15:02 by red ninja December 6, 2007Beartooth Platinum Corporation Announces Results From the Inversion Modeling of Ground Magnetic Data, Doornfontein Project, Bushveld Complex, South Africa TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - Beartooth Platinum Corporation (TSX VENTURE:BTP) is pleased to announce that a drill rig is on location and is planned to commence drilling today, December 7, 2007 on BTP's Doornfontein property, located above potential Bushveld rocks, South Africa. The Doornfontein property overlies a regional-scale magnetic anomaly situated between the Eastern and Northern limbs of the Bushveld Intrusive Complex (please visit www.beartoothplatium kilometers in length, and reaches 4 kilometers in width. The source of the anomaly is believed to be Bushveld Complex mafic rocks beneath younger cover of the Karoo Supergroup. The mafic rocks of the Bushveld Complex host the world's most prolific deposits of Platinum Group Metals (PGM), the Merensky and UG2 reefs. Beartooth can earn a 70% interest in the Doornfontein property through funding of exploration through to the feasibility stage. The ground magnetic survey completed on part of the Doornfontein property in August, 2007 and was designed to provide a three dimensional model and additional details regarding the structure and attitude of the causative body. The ground magnetic data have been used to refine the inversion model based on the airborne magnetic survey completed by the Council for Geoscience of South Africa in 2004. The current model shows that a strongly magnetic tabular body lies beneath the cover rocks of the Karoo Supergroup on the Doornfontein Property. The body shows a layered structure, with at least two strongly magnetic, parallel, layers within a package of rocks having an average magnetic susceptibility equivalent to ferrogabbros. The body has an average dip of 40 degrees to the south in the ground magnetic survey area. The top of the body lies at depths of between 150 and 350 meters, and is interpreted to be between 850 and 1000 meters thick. The results of the modeling are consistent with the interpretation that the source of the anomaly is the magnetite-rich ferrogabbroic rocks of the Upper Zone of the Bushveld Complex. Mike Johnson, President & CEO of Beartooth Platinum Corporation, stated "The three dimensional magnetic model is extremely encouraging. It shows that the magnetic anomaly has characteristics we would expect if the source were layered Upper Zone rocks of the Bushveld Complex. It also indicates that the anomaly comes much closer to surface than previously predicted. The initial hole should be completed by December 20th. We will then see if our interpretations are correct. If the anomaly is indeed caused by Bushveld rocks, then we have succeeded in opening up 25 kilometers of new Bushveld strike length to explore for the all-important Merensky and UG2 reefs. This would be a very exciting result for the Company." Assays from these summers' drilling activity at the Stillwater Project, Montana, U.S.A., are being received. It is hoped that a complete assay package will be available in early January, 2008 and will be published at that time. About Beartooth Platinum Corporation Beartooth Platinum Corporation is focused on the exploration for Platinum Group Metals (PGM) globally. The Company is currently active in two of the world's most significant PGM camps: the Stillwater and Bushveld intrusive complexes. In Montana, USA, Beartooth controls 872 unpatented lode mineral claims over the exposed 50-km strike length of the Stillwater Intrusive Complex. The Stillwater Complex hosts the JM-Reef, the world's highest-grade primary PGM deposit. Stillwater Mining Company (SMC) currently operates two mines on the J-M Reef. Beartooth's mineral claims are contiguous with these significant resource properties. In Limpopo Province of South Africa, Beartooth has an option to earn a 70%-interest in the approximately 7,500 hectare Doornfontein property. The Doornfontein property overlies a regional scale magnetic anomaly situated between the North and East Limbs of the Bushveld Intrusive Complex. The anomaly is thought to reflect the westward extension of the East Limb of the complex beneath younger cover rocks. The East Limb of the intrusion hosts the Merensky and UG2 platiniferous reefs, two of the most significant repositories of Platinum Group Metals in the world. Regulatory Footnotes Michael D. Johnson, President, CEO and Director of Beartooth Platinum Corporation (BTP), is a Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the Doornfontein exploration program and is responsible for reviewing the technical disclosure in this press release. Statements in this release that are not historical facts are "forward-looking statements" within applicable securities laws. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements. Additional information about the Company and its properties is available on the Company's website at www.beartoothplatinu If you would like to receive press releases via email please contact Catarina@chfir.com. Please specify "Beartooth press releases" in the subject box. - 30 - CONTACT INFO: Beartooth Platinum Corporation Michael D. Johnson President & CEO (775) 721-7966 Email: mdjohnsonassoc@aol.c or Beartooth Platinum Corporation Dave Meyer Vice President, Corporate Development (416) 861-5891 Email: info@beartoothplatin Website: www.beartoothplatium or CHF Investor Relations Jeanny So (416) 868-1079, Ext 225 Email: jeanny@chfir.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. INDUSTRY: Manufacturing and Production - Mining and Metals SUBJECT: MEX - MINING EXPLORATION UPDATE |
Posted at 09/11/2007 15:33 by yikyak Matty, it's certainly a shot in the dark but you never know, they could just be onto something, Kalplats being a good example of a virgin area find. That said the management knew that they had to come up with news flow during the quiet time to sustain any successful upside momentum off the back of Stillwater, else investors just sell and come back next year and the stock gains no traction. I guess it depends how hard they go at the project as an indicator as to whether they think it has true potential or just fill the news void. |
Posted at 10/7/2007 20:44 by mr ashley james Johnno1,Yes but Forbes Manhattan aren't really true project management director insiders ie active directors involved with the projects they are multi mining investment bank and traders, it is not quite the same as participating directors selling their shares. What matters here is what the grades are and whether TSX:BTP are on to a large discovery a whole new chromite reef system in the chromite B Reef. It has no effect on me what Stan Bharti buys or sells personally, I very much doubt he knows the first thing about Platinum or Platinum deposits nor cares, anyway he was probably selling freetrading stock to take down recent financing. If Mike Johnson or John Finlay were selling shares or exercising options then selling shares that would matter to me. What matters to me is whether this is going to be a high grade PGM System containing millions of ounces of PGMs in a similar geological setting to the Merensky or UG2 Chromite Reefs in RSA. The grades seen so far are extremely encouraging, up there with some of the best. Remember this is one of the only High Grade PGM Addresses in the USA and US Investors have very few Domestic places to put their money if they want US PGE Exploration upside/Bluesky. All imho, nag, dyor etc Cheers Ash:) |
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