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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Esr 2022 Plc | LSE:EVE | London | Ordinary Share | GB00BYWMFT51 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.525 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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14/6/2008 08:32 | Magnus9, any thoughts on the proposed consolidation of the share capital? | tt14 | |
10/6/2008 13:38 | many appologies for ever mentioning this let alone setting up thread they are giving back their licences and have found zippo diamonds and are now going to use it as a shell by the looks of it to buy assets. Lets hope they can get us our money back RNS BELOW Licences Relinquished, Board Change, EGM Date (Everfor Diamonds) RNS Number : 1033W Everfor Diamonds PLC 05 June 2008 AIM: EVE PRESS RELEASE 5 June 2008 Everfor Diamonds plc ("Everfor" or the "Company") Everfor Relinquishes Diamond Exploration Licences, Appoints New Director and Advises of Extraordinary General Meeting Everfor Diamonds plc ("Everfor", or the "Company") (AIM:EVE), has taken the decision to relinquish its current licence agreements and cease exploration activities at its four licence areas within the Kola Peninsula. Although the Company initially received positive technical assessments of the licence areas, highlighting the possible untapped potential of the Kola Peninsula, the on-going work programme has not identified any targets likely to be of commercial interest. The Company is actively pursuing other projects to further its exploration activities. With effect from 29 May 2008, the Company announces the following change to the Board: Mr Petro Mychalkiw, aged 42, has been appointed as a director of the Company and Chief Financial Officer; Mr David Swan has stood down as Finance Director and Company Secretary, while Mr Donald Duncan has also stood down as Managing Director. With regard to the appointment of Mr Mychalkiw there are no further matters to be disclosed under Schedule Two (g) of the AIM Rules. Everfor's on-going directors each have considerable experience in the mining industry within the countries of the Former Soviet Union ("FSU"). Dr Sergey V Kurzin continues as Executive Chairman of Everfor. He is also currently the Chairman of Lero Gold Corp. and has previously played key roles in initiatives to acquire and progress several important FSU mining assets for such companies as Oriel Resources, Bema Gold, UrAsia Energy and European Minerals Corporation ("EMC"). Mr Mychalkiw has significant experience in the financial aspect of acquisitions, particularly through transactions such as EMC's on-going merger with Lero Gold Corp. at which he holds the position of Chief Financial Officer and through his previous employment as Treasurer and Head of Corporate Finance of Oriel Resources. Under the AIM Rules for Companies (the "AIM Rules") published by the London Stock Exchange plc (the "London Stock Exchange") where a company whose shares are traded on AIM divests itself of all or substantially all of its trading business activities it will be treated as an "investing company"; effectively a cash shell. Such a company must then state its investing strategy (the "Investing Strategy") going forward and implement its Investing Strategy, to the satisfaction of the London Stock Exchange, within twelve months of shareholders approving the Investing Strategy. By virtue of the fact that the Company has relinquished its exploration licences whilst remaining an active investor, the London Stock Exchange has confirmed that the Company will have effectively divested itself of its trading business and going forward, will be treated as an investing company as described above. The Investing Strategy of the Company will be to invest in opportunities in the natural resources sector. The implementation of the Investing Strategy may include several investments in, or the acquisition of, various exploration, development or production projects in the minerals, base metals, precious metals, or hydrocarbons related industries. Any due diligence carried out on future projects will be implemented by reputable professional advisors and consultants experienced in the related industries. Whilst the Investing Strategy may be implemented on assets based anywhere in the world, given the directors' collective experience within the countries of the FSU, the directors expect the underlying assets to be located primarily in that region. The directors anticipate that the Company has enough working capital to continue for at least 12 months from the date of the EGM without making any investments but it intends to carry out a new fund raising as soon as it has identified suitable investment opportunities. The Company intends to be an active investor and focus its investments in a limited number of companies and businesses. Under AIM Rule 15, it is necessary for the Company to seek approval of its shareholders for the implementation of the proposed Investing Strategy and accordingly, the Company is shortly posting a circular (the "Circular") to shareholders. Accompanying the Circular will be a notice of an extraordinary general meeting (the "EGM") to be held at 12 noon on 30 June 2008 at Ground Floor, 1 Red Place, London, W1K 6PL. Included in the proposed resolutions of the EGM is the resolution to approve the Investing Strategy. The EGM will also be used to approve the following: * Change the Company's name to Everfor Resources plc * Consolidate and subdivide the share capital * Authorise directors to allot equity securities up to maximum aggregate nominal amount of £200,000 * Amend the Articles of Association to incorporate "deferred" shares The Circular, Notice of EGM and proxy cards will be available for download from the Company's website (www.everfor.com). Dr Sergey V Kurzin, Executive Chairman of Everfor commented: "The Board is disappointed that the exploration programme in the Kola Peninsula has not been successful and would like to express its appreciation for the efforts of its employees and the co-operation of the Russian Government. At the forthcoming EGM we propose to re-name and re-structure the company to have it poised for new opportunities. I am delighted Petro has agreed to join the Everfor board. His financial experience will complement our existing high quality team. I would like to thank David and Donald for their contribution and support of the Company." ENDS -------------------- -------------------- For further information please contact: Dr Sergey V Kurzin, Executive Chairman, Everfor Diamonds plc Tel: +44 (0) 20 7514 0590 Tania Tchedaeva, Company Secretary, Everfor Diamonds plc Tel: +44 (0) 20 7514 0590 Gavin Dallas, Marketing and PR, Everfor Diamonds Plc Tel: +44 (0)20 7514 0590 Ryan Gaffney / Henry Fitzgerald-O'Connor, Canaccord Adams Limited Tel: +44 (0) 20 7050 6500 www.everfor.com This information is provided by RNS The company news service from the London Stock Exchange END MSCEELFBVQBLBBF | seagreen | |
08/6/2008 18:22 | Can anyone shed any light on why this has dropped? | mred406 | |
06/6/2008 22:05 | Magnus9 What ever happened to the missing two diamond deposits in the Kola region (ie the ones that Norlisk didn't bid for)? As for the share price, it fell on no volume! A hugh tree shake if ever there was one! A bid for/an investment in Eurasia? Anything's possible in this game... | tt14 | |
06/6/2008 16:01 | sounds dire to me | ivor whopper | |
05/6/2008 21:45 | tt14 Well, there's a turn-up for the books! Shame really I quite fancied having shares in a diamond mine. Must say I'm not all that surprised because in the last Interims they seemed to be deliberatley leaving all options open. That's when it crossed my mind the Varzugskaya gold deposit (one of the areas EVE was looking for diamonds) wouldn't be a bad option, but that's only a wild guess. Apparently it contains 30 tonnes of gold which means it's below the "strategic" level of 50 tonnes which presumably means there would be fewer government controls on foreign ownership etc. The fact that Petro Mychalkiw and Dr.Kurzin will be on the new board is very encouraging. They've brought value to a lot of companies and Dr.Kurzin seems very well connected in Russia. Plus, they seem to have made the announcement in a serious way i.e. not after hours on a Friday before a Bank Holiday! It will be interesting to see what happens to the share price in the morning might be a chance to nip if they drop a lot. If the share price goes up would that indicate the insiders know of some decent prospects? You never know, perhaps we could put a bid in for Eurasia Mining and put them out of their misery I bet Dr.Kurzin could get the wheels moving there. Exciting times! | magnus9 | |
05/6/2008 20:05 | Hmm... Magnus9 what do you think of the company news? | tt14 | |
07/5/2008 22:16 | I wonder how our company fits in with the new Russian law? | tt14 | |
21/4/2008 20:24 | Another piece of the jigsaw | tt14 | |
19/4/2008 17:29 | This "strategic industries" thing seems to go on for ever. There was another article on this subject which says this: "Foreign investors that already have more than 50% in a strategic company and seek to acquire more are exempt from the provisions of the bill." I'm not sure if this applies to EVE (and to EUA for that matter). | magnus9 | |
19/4/2008 14:59 | Since we haven't found anything so far, it could prove interesting if we do! Who would be our future (51%) partner or is our partner already built in? | tt14 | |
16/4/2008 20:10 | Things are at last on the move for De Beers:- Lets hope Everfor and its "owner(s)" equally comes up with something quite soon. | tt14 | |
14/4/2008 20:51 | Ambramovich has been getting into gold recently. There may be a connection there... | tt14 | |
14/4/2008 07:56 | Yes, not often that EVE gets in the news. Perhaps now that Oriel Resources has been sold to Mechel, Dr.Kurzin will have more time to give to EVE. Although, he's still Executive Director of Lero Gold (LER on the TSX) which BTW has been a 4-bagger since last October. In EVE's last interim report it mentioned there could be a change of direction for the company. In the light of this, Dr.Kurzin's involvement with Lero Gold plus the fact that the Varzugskaya district in which EVE operates contains 18 tonnes of gold makes me wonder whether EVE might just refocus on the yellow stuff. From interim report 30.06.07 "In recent months there has been some consolidation of diamond exploration companies on AIM, together with the acquisition of, or diversification into, other commodities. These possibilities have and are being explored by Everfor. If and when it is in the Company's best interests to follow either route, appropriate recommendations will be made to our shareholders." | magnus9 | |
13/4/2008 19:57 | Nice to get a mention! | tt14 | |
09/4/2008 23:36 | Am I still dreaming, or is something about to happen? | magnus9 | |
07/1/2008 01:15 | This website has comments about "Evesham Technology" as to whether they are likely to continue as a going concern or not. Comments are placed with the most recent one last: | noirua | |
08/12/2007 22:55 | U.K. System Builder Evesham has gone into administration: Evesham Technology creditors back administrators. Liquidation looms. Creditors owed £6.8 million: | noirua | |
08/10/2007 19:51 | I don't think Usmanov has turned up in London for nothing. Hold your stock. | tt14 | |
18/9/2007 01:36 | Missed this item earlier in the month. 07.09.07 By the end of 2008 De Beers is planning to begin prospecting for diamonds in Russia in a joint enterprise with ALROSA, informs Interfax, quoting an announcement by Nigel Kieser, general director of De Beers' Russian office. In September 2006 the world's two largest diamond producers signed a memorandum of intent to jointly study possibilities for conducting prospecting work for diamonds and their production in Russia and other countries. N.Kieser did not confirm whether progress had been made since signing the memorandum adding that discussions had been held covering a wide range of questions mentioned in the memorandum. If the planned works produce a positive result this will give De Beers access to Russian diamonds. An impetus to cooperate with ALROSA in prospecting for diamonds was provided by a decision of the European Commission to stop the trade in diamonds between De Beers and ALROSA; the courts recently annulled this decision which entitled the Russian company to continue selling diamonds to De Beers. Nevertheless, the intention to produce diamonds in Russia meets De Beers' strategy to develop sales of jewellery products in Russia. By the end of 2007 one of 15 new De Beers diamond jewellery outlets will be opened in Moscow. | magnus9 | |
05/9/2007 19:39 | Plenty of work for the lawyers........ EC Appeals Court Decision Clearing ALROSA-De Beers Trade By Avi Krawitz Posted: 09/04/07 05:10 [Submit Comment] RAPAPORT... The European Commission (EC) is appealing a court ruling that allows ALROSA to continue selling rough diamonds to De Beers. The European Court of First Instance overturned a previous EC decision ordering De Beers to gradually phase out purchases of rough diamonds from ALROSA by the end of 2008. The EC had been concerned that trade between the top two diamond suppliers would give them a dominate position in the market. However, ALROSA claimed it had not been consulted by the EC, stating in the ruling that only "exceptional circumstances" such as the combined dominance of the two in the market justified preventing trade between them. Seeking to reinstate the trade ban between De Beers and ALROSA, an EC official told Rapaport News the commission does not yet know when the appeal would be heard. The official said the commission expressed doubts about the court's interpretation of the European Union law surrounding the case. | magnus9 | |
31/8/2007 21:40 | tt14 Let's hope so! I see Russian enterprises are screaming out for diamonds (BTW this is my own translation): Governor of Smolensk region requests increase in quota for diamond purchases Moscow, 30 August. (PRIME TASS). At today's meeting of the Cabinet of Ministers the Governor of Smolensk region Viktor Maslov requested the Russian government to examine the question of increasing quotas for diamond purchases from Gokhran for Russian enterprises. He said such a measure would allow the Kristall Production Combine to increase its annual turnover from 13 billion roubles to 25 billion roubles. V.Maslov added that the annual turnover of the enterprise could be doubled without the need for additional investment if it could be provided with an uninterrupted supply of rough diamonds. "Such a possibility exists in connection with the review in relations with De Beers", said the governor. | magnus9 |
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