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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Carlton Res. | CLN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.65 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.65 | 0.65 |
| Top Posts |
|---|
Posted at 08/6/2010 10:15 by stromboli My opinion is the Directors of this Company are an utter disgrace. They have tied up investors money for 6 months, whilst no doubt drawing salaries during an extended holiday. P.I's are entitled to a full and detailed explainationof what has been happening during this period immediately. |
Posted at 26/10/2009 08:39 by induna123 Post by Psyclops on iiiThread topic: Melissa Sturgess Afternoonn All, I emailed MS last week to try and gain some clarity on timings and a few others, here is the relevant points from her response: Firstly, what are the next steps for Nyota Resources in terms of capitalising on the finds you have recently announced? I understand from the announcement on 14 September that there has been a new drilling programme commence in order to upgrade the inferred resource to an indicated resource with drilling commencing in early October. How is this progressing and what time scale do you expect this to be delivered in? We currently have one diamond drill and one RC drill on their way to site and we hope to commence drilling later this month or in November. The rigs were delayed leaving South Africa due to industrial action. The drilling programme is designed to increase the inferred resource as a priority and during times when the rigs are standing waiting for assay results etc then they may be utilised to move some of the inferred resource to the indicated category. Subject to drilling rates and assay result turnaround time we hope to start delivering results in the fist quarter of 2010. In the meantime we will carry out additional trenching and other geological work. Given the relative lack of coverage when these recent positive announcements were released, are there any plans to improve the PR of Nyota Minerals? eg. through investor roadshows with Proactive Investors or Minesite etc? We will be speaking at the Proactive Investors meeting on 12 November and doing a round of media interviews in the coming weeks. Given the recent history of Nyota Minerals and in particular the acquisition of Minerva Resources in the not too distant past, are there any discussion either formal or informal between Nyota and Carton regarding a 'closer working relationship' tie up of any type? A difficult question! All I can really say is that NYO is a +/-30% shareholder in CLN and my addition to the Board is to look after Nyota's investment in CLN. Martyn's role at NYO has been increased with the acquisition of the Ethiopian gold assets which warranted his joining the Board as technical director. It is certainly the intention of CLN to announce a transaction as soon as possible, as previously stated. I apologise for not being more specific but I hope you understand the constraints. So, what we have here is confirmation of a lot of gold in the dirt, a plan being moved ahead to prove the resource and then extrace it. A step in the right direction with PR and importantly, no denial about a possible tie up between CLN and NYO of any type. Now as it stands, given CLN has to announce an acquisition or reverse takeover in the next few weeks, look at this: NYO own 30% of CLN, would it not be a smart move for CLN to buy into NYO in anticipation of the gold rush? after all, CLN are the investment company here and that would satisfy the requirements... Or for a complete curve ball, could CLN be the mystery buyer of BHR??? All 3 companies discussed here are Australian... (this is pure conjecture though - a sudden thought that came to me yesterday). |
Posted at 10/10/2009 21:27 by tez123 Courtesy of panicair on iii bbHi Peeps i sent an email to info@carltonresource RE: Carlton Resources Plc (investor update please) From: Tamara Bolik (tamara.bolik@nyotam Sent: 08 October 2009 22:42:10 Dear Sir, Thank you for your email dated 8 October 2009. In response, I can assure you that Carlton is working towards the acquisition of properties of merit which will alter the Company's prospects. You are quite right that we have reviewed a substantial number of properties and as you would expect have identified a small number that we believe will add value. Unfortunately I am unable to provide you with much detail at this point in time as we are not permitted to make any kind of announcement or provide information that the AIM Market would consider speculative. Further, if for example we were at an advanced stage in the acquisition process, release of speculative data to shareholders could conceivably negatively influence negotiations. What I can say is that we have made considerable progress and reiterate our stated intent to acquire in the very near future quality projects at a highly competitive entry cost. Our aim remains to take control of properties with sufficient historical exploration to clearly show potential for development which will allow us to quickly establish a presence in whichever country we happen to find ourselves operating and to be able to generate positive results from our own exploration programmes. In the meantime, please be assured that the Board continues to work in the best interest of shareholders and has to date received no remuneration whilst working for Carlton and will not do so until such time as a project has been acquired. Kind regards Martyn Churchouse i sent it @ the following time and date: Sent: Thursday, 8 October 2009 8:56 AM To: Tamara Bolik (Carlton) Subject: Carlton Resources Plc (investor update pleas) Importance: High |
Posted at 09/10/2009 15:45 by topinfo Looks like news regarding this could be about to break in next few days...This will transform company back to Glory days..RNS Number : 3074V Carlton Resources PLC 08 July 2009 ? 8 July 2009 Carlton Resources Plc ('Carlton' or the 'Company') Shareholder Letter The Directors of Carlton Resources Plc ('Carlton' or the 'Company') advise that the following update was posted to shareholders today. "Dear Shareholder, With the recent EGM now completed I would like to take the opportunity to update you on the plans to rebuild Carlton. Over the past six months the Board has concentrated on preserving cash, seeking new sources of funding and assessing new opportunities. 1. The preservation of cash The focus over the short term period from January 2009 to date has been the preservation of existing cash reserves of the Company by cutting back all expenditures to a minimum level. These measures have improved the Company's position by reducing its cash burn rate. 2. New sources of funding A placing of shares to a range of professional investors has been successfully completed, resulting in a further GBP400,000 being raised by the Company. These funds will be utilised to provide working capital, whilst we seek new opportunities for the Company. 3. To seek new opportunities for the Company During this period we have assessed a large number of projects that may be suitable for Carlton. Of the opportunities that we have assessed to date, we are now in the final due diligence stages on the most prospective of these with a view, should such due diligence prove successful, to announcing a transaction in the near future. Please don't hesitate to contact me on info@carltonresource of any assistance and we hope to bring you further news in the near term. I would be happy to email you or speak with you. Yours sincerely, |
Posted at 15/6/2009 21:10 by discoverytim I'm personnally not holding that many - but need it to claw its way back to 1.7 just to break even. So if this £400k keeps them going for a bit and they do make a solid aquisition (as per the final stage of due dilligence) then maybe the MM's will see some value in this. And I'll probably have to consider myself a long term investor.Finger crossed. |
Posted at 24/3/2009 12:15 by bigwilly1986 moneymonster - I'd say about 500k - see below.This company was basically doing pretty well (Bellsbank water problems notwithstanding). It was unloved owing to lack of sales updates, but IMO it had potential. Then it got completely hammered by the credit crunch - demand for rough diamonds fell off a cliff. Bit of interest today, price is rising. Regards RNS Number : 4997J KimCor Diamonds plc 03 December 2008 KimCor Diamonds plc ("KimCor" or the "Company") Sale of operations to Belmont Mining Limited The Board of KimCor announces that the Company has today signed an agreement ("Share Sale Agreement") with Belmont Mining Limited ("Belmont") pursuant to which KimCor has agreed, subject to shareholder approval, to sell all of its existing diamond operations to Belmont (the "Transaction") by way of a sale of all of the shares in certain KimCor subsidiaries (the "Sale Shares"). Under the terms of the Share Sale Agreement, Belmont will pay the Company £500,000 in cash and will assume all liabilities associated with KimCor's South African and Tanzanian diamond and industrial operations. KimCor retains an option to re-acquire 30 per cent. of the Sale Shares for nominal consideration should the Company's SMI4 tailings retreatment operation achieve a production target of 150,000 tonnes per month prior to 1 June 2009. The Share Sale Agreement is conditional on the Company's shareholders ("Shareholders") approving the Transaction at an extraordinary general meeting ("EGM") and any other relevant regulatory approvals being obtained in connection with the Transaction. The effect of the proposed Transaction will be to divest the Company of all of its trading activities and, as such, following completion of the Transaction the Company will become an investing company pursuant to Rule 15 of the AIM Rules. Therefore, the Company will submit to Shareholders at the EGM an ordinary resolution seeking approval of the Company's proposed investing strategy, as set out below. Following the date of the EGM, the Company will have 12 months to implement its investing strategy or complete a reverse takeover. The proposed investing strategy will be to acquire minority or controlling interests in a number of privately-held or publically listed resource projects in Africa. It is proposed that the projects in which the Company invests will not be limited to any single resource. The existing directors of the Company, all of whom have experience in operating and investing in resource projects in Africa, will evaluate the commercial merit of potential investments, utilising external advisers and experts where required. A circular, setting out full details of the proposed Transaction and the Company's investing strategy, together with a notice of EGM, will be posted to Shareholders shortly. A further announcement will be made at that time to notify shareholders that the circular has been posted. The losses before taxation of the Company's diamond operations for the year ended 30 June 2008 were approximately £10.05 million. On completion of the Transaction, the approximate cash balance of the Company will be £0.3 million, which the Directors intend to retain in the Company. Melissa Sturgess has today resigned as Chairman of the Company with immediate effect. Speaking today in relation to the signing of the Share Sale Agreement, Martyn Churchouse, the Company's CEO, said: "With zero demand at present for rough diamond production KimCor has no access to cash flow required to sustain operations. Recourse to fundraising is currently out of the question and even if possible, the Company would be unable to provide potential investors with any indication of when the market for rough diamonds is likely to improve. The agreement signed with Belmont allows KimCor to pass responsibility for all liabilities held by the operating subsidiaries to a third party with immediate effect whilst retaining an option to re-acquire an equity stake at par value assuming rough diamond sales recommence within a reasonable timeframe at price levels sufficient to maintain profitability". |
Posted at 31/7/2008 10:50 by gb904150 CLN it's been real. I enjoyed the ride. Long may it continue with CBM.btw - your investor relations where shyte....and the reason I capitulated and sold out at 30p on the way down. Got in early enough on the way back up though. |
Posted at 02/7/2008 18:05 by papillon lefrene we have dropped because WTN has been savaged in Canada; to the best of my knowledge the Canadian system of share trading doesn't make much use of MM's. Its a direct buyer/seller system. CLN dropped because CBM dropped which in turn dropped because WTN was slaughtered, along with other Canadian coal stocks. Also CDN, which isn't quoted in Canada, actually closed up today. I wish investors wouldn't always keep blaming MM's. |
Posted at 12/5/2008 18:11 by volvo From Minesite 5 weeks old but the last paragraph is coming true and fwiw I think we will get 4 for 1 when CBM is 220p ish.April 07, 2008 Cambrian Mining Tries To Extricate Itself From Its Own Tangled Web... Yet Again By Alastair Ford It must have been more by accident than design that Mark Burridge, chief executive of Cambrian Mining, chose to release the results of his company's strategic review on the very day that the market learned that BHPBilliton and Rio Tinto are likely to raise the price they charge customers in the Far East for coking coal by 200 per cent. Cambrian has plenty of this high quality coal, also known as metallurgical coal, inside key strategic investment Western Canadian Coal. The Perry Creek and EB deposits on Western's Wolverine property in British Columbia hold a total of 26.7 million tonnes of saleable export metallurgical coal, according to a 43-101 report compiled in 2006. There's also metallurgical coal at two assets belonging to 34 per cent-owned Coal International in West Virginia. So fair play to Cambrian - coal's a nice space to be in right now, as supply is tight and likely to stay that way, and that's something the founder directors have been banging on about for a few years now. Cambrian's certainly no Johnny-come-lately cashing in on the recent strength. It's ridden out highs and lows with Western Canadian and Coal International, and now looks set to reap the benefits. Except there's a catch, and there has been all along. Add the value of Cambrian's stake in Western to the value of its stake in Coal International and you get a back-of-the envelope 250p per share. Fine and dandy. Then consider that Cambrian's trading at a mere 156p, and it starts to look a little more complicated. Because aside from these two well-set, if historically troubled, companies, Cambrian also owns a gold mine in Australia, a sizeable stake in UK coal miner Energybuild, a future royalty on any production from Phulbari project in Bangladesh, and a stake in Xtract Energy, which owns oil and alternative power projects. So is this an opportunity to second-guess the market, and buy into decent assets on the cheap? You might think so, but Cambrian's been trading with what Mr Burridge terms "the value traps" associated with "a holding company discount" for as long as anyone can remember. If nothing is done, that huge discount to net assets looks like staying around forever. Something is being done, though, hence the strategic review disclosed to the market on 7th April. In simple terms the plan is for Cambrian to transform itself from a company caught at the centre of a tangled web of investments, into a straightforward mining company. One gets the feeling it will never be quite that simple, as there are little unquoted investments all over the place, but the basic premise is sound. According to Mr Burridge the plan is to end up with four mining assets the two Coal International properties West Virginia, the Australian gold-antimony mine, and a consolidated fifty per cent stake in Energybuild, which operates in Wales. To get there Cambrian proposes to make an offer for 100 per cent of Coal International, and quite possibly to divest itself of Western Canadian entirely. That latter option is still under active consideration, but it is mooted, and according to Mr Burridge the decision as to what to do with Western will ultimately come down to "whatever generates the highest look-through value". In other words if Western's dividends look more valuable than any offer for the company, then there's no reason not to stick with it. But with coking coal rocketing up in price, and consolidation already a feature on the ground in the geographical area in which Western operates, someone's bound to express an interest. We'll have to see what comes on to the table, but despite the repeated bale-outs Cambrian seems to hold no sentimental attachment for the company. That's a lot easier to say now, of course, since Western's shares have gone up more than fivefold over the past four months or so. Now at 246.5p Western's share price is beginning to hit the heights that all the London analysts who originally supported it back in 2005 said it would - just a few years too late. Still, for a while it wasn't clear whether Western would come good at all, and most of that original London support has long-since drifted away. For the last couple of years the interesting thing about Western Canadian has been how much of a drag it's been on Cambrian's share price, rather than how the company has been doing in its own right. One reason for that is that Western's hardly made an effort to look after its Aim-listing, whereas Mr Burridge, for all the woes he inherited from the previous Cambrian management, is at least pretty good at staying in touch. So from the point of view of a London investor, selling Western Canadian, as long as the price is right, and taking Coal International back into the fold, makes good sense. It simplifies things, gives the company a focus, and more importantly gives it a solid basis on which it can be valued. Cambrian's shares have duly been on an upward trend, as the Western interests are slowly re-negotiated and rationalized. The proposed sale of Xtract makes sense too, as no-one's really sure what it does, and although the market can decide what it's worth simply by trading the shares, whether the long term potential is riches all round, or rescue fundraisings all round, is extremely hard to say. The potential catch in this well-written, but yet to be realized plan, is that Coal International shareholders who bought in at the April 2005 listing price of 75p may demand that Cambrian's offer comes in at a similar or better level. After all, it was Cambrian that foisted Coal International on the market in the first place. The current Coal International share price 40p at the time of writing already has the potential Cambrian offer priced in, so it very much looks as though those original Coal International investors are going to lose their shirts. It remains to be seen whether they'll stomach that outcome because they buy Mr Burridge's argument that: "we're giving those shareholders a clear and more meaningful way to get value on the table, as opposed to trading out of a small illiquid Appalachian-focussed coal miner". Coal International certainly wasn't marketed in those terms when the Cambrian boys originally hawked it around town with certain Cenkos brokers in tow. Still, we are where we are, as they say, and Mr Burridge's arguments are not without merit. What Cambrian will look like this time next year who can say? But at least now we know what it wants to look like a real life mining company. And why not, in this boom? |
Posted at 08/4/2008 21:38 by bubface Arch Sees a Better Coal Market in 2008 (ACI)08 April, 2008 06:40:00 Justin Kuepper Font size: Coal was going down a rocky road last year, but at least one industry executive sees a recovery on the horizon. Arch Coal's (NYSE: ACI) Steve Leer delivered a presentation at the Howest Weil 36th Annual Energy Conference on Monday suggesting the strong commodity prices would lift the industry off the ground in 2008. The executive also forecasted higher-than-expected earnings for 2008, which added some meat to the broader coal market recovery claims. The news sent shares of coal producers soaring on the day. The presentation focused on long-term fundamentals and focused on the so-called "rebalancing trends" in 2007 that Arch believes set the stage for a stronger coal market in 2008. Increased coal consumption and reduced production levels helped domestic coal markets to rebalance in 2007, while the same trends also reduced the build in generator stockpiles. In fact, Arch predicts that global coal supply and demand flows suggest that the world is short of coal by 25 million to 35 million metric tons in 2008, with continued significant supply deficits in 2009 and beyond. As a result, Arch projected record performance in 2008, with specific numbers that took many investors by surprise. The company now anticipates earnings per share of $2.00 to $2.50, and EBITDA of $680 million to $790 million. These numbers are substantially higher than previously thought, while capital spending is projected to only increase to $310 million to $340 million. Overall, the market-driven approach with leverage to the upside potential in coal markets combined with low capital spending levels are music to investors' ears - and the rest of the industry as well. The presentation also noted that the long-term fundamentals of the coal market also remain largely intact. Developing nations are expected to increase energy use, which will put a pressure on global supply in the short-term. Over the long-term, clean-coal technologies can broaden market demand for the commodity and promise to extend coal's record as the fastest-growing fuel source of the past five years. Meanwhile, a domestic shortage may also emerge in the U.S. if it doesn't increase production. In the end, coal is one of the largest sources of energy in the world with demand is forecasted to continue its rise. Meanwhile, the combination of rising demand and a supply shortfall is expected to create a shortage of coal going forward. Arch believes that this shortfall will boost coal prices and help it and other coal companies post record earnings during this year. |
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