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CLN Carlton Res.

0.65
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Carlton Res. LSE:CLN London Ordinary Share GB00B0TNHV95
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.65 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Carlton Res. Share Discussion Threads

Showing 3526 to 3548 of 3850 messages
Chat Pages: Latest  142  141  140  139  138  137  136  135  134  133  132  131  Older
DateSubjectAuthorDiscuss
03/4/2009
12:00
bigwilly add if you can mm,s have very little stock.they keep putting it up and down quickly too frighten daytraders.buy and wait for acquisition its coming very soon.2p+
pharma2
03/4/2009
11:55
You think? If good news was on the way, the price would already be up on insider knowledge wouldn't it?
bigwilly1986
03/4/2009
10:12
.7 p for 500k.very short hear 1p+ break-out with low volume
pharma2
03/4/2009
09:58
2v1.scap are sitting high on 5p looks like they know acquisition is close.
pharma2
03/4/2009
09:37
massive re-trace when acquisition is announced.max buy online 50k.ring any bells
pharma2
03/4/2009
09:10
BOUGHT 200K AM
pharma2
24/3/2009
13:21
be very very careful with these.
patent2
24/3/2009
12:15
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".

bigwilly1986
24/3/2009
12:09
Nice rise, glad i got in at 0.25p. scap just moved up to 5p!!!! Yes 5p not 0.5p! : )
themoneymonster2
22/3/2009
15:47
How much cash do they have? Any ideas?
themoneymonster2
20/3/2009
18:46
Thanks paddywak1967. Must look more into it. Anyone interested in this company?
bossman1978
20/3/2009
15:59
This is a shell company looking for investments in resource companies based in Africa. They were a diamond producing company until they sold their operations late last year.Interesting track record though.
paddywak1967
20/3/2009
15:44
Coal international was taken over last year, is this not correct? So this company has nothing to do with coal then?
bossman1978
20/3/2009
15:42
Hmm, game over, typical penny share games going on here, good luck holders...
comcols
20/3/2009
12:58
Another co now using the CLN ticker.
ianbrewster
20/3/2009
12:29
Taken over by CBM boss
bushtuckaman
20/3/2009
12:26
What does all this mean? What are the operations of this company? Does anyone know what is going on here?
bossman1978
20/3/2009
10:59
20 March 2009

?
KimCor Diamonds plc
("KimCor" or the "Company")




CHANGE OF COMPANY DETAILS AND BOARD CHANGES


KimCor (AIM: KIM) announces the following changes to the Company's details and
to the composition of its Board, with immediate effect:


Change of Company name and other details


Pursuant to the resolution approved by the Company's shareholders at the
Extraordinary General Meeting held on 8 January 2009, the Company has now
changed its name to Carlton Resources plc. As a result of the name change, the
Company's shares will now be traded on AIM under the ticker "CLN", with
immediate effect.


In addition, the Company's website address has now been changed to
www.carltonresourcesplc.com. The previous website address,
www.kimcordiamonds.com, will continue to be active for a limited time period but
will automatically redirect traffic to the Company's new website.


The Company's registered office remains unchanged but its new telephone contact
details are as follows:

oh_no
20/3/2009
08:54
Whats happening here?
dubois
31/7/2008
09:50
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.

gb904150
31/7/2008
09:22
I'm sad to say andy thats it. it is deceased. you've done your dough.
chesney hawks
29/7/2008
16:34
Still rolling with the innumerable punches peterblok...!!!
waggle
28/7/2008
17:22
Nice to hear from you waggle
peterblok
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