Henderson Opportunities Share Discussion Threads

[papalpower] 26/5/2006 01:36

I think the general fall in oil stocks as well will reverse, its an in demand commodity thats going to run out in 50 years, and used everyday.

However, Gold looks like it could be set to come crashing down, might be time to short Gold and Gold stocks further, already have been and its most profitable. When you see directors/insiders getting out of Gold stocks in a big way like below, time to sell...more... ?




Yamana board cash in 25/5/06

Yamana Gold's management are not waiting to see whether the recent wobble in the gold price is a blip or the beginning of a more sustained decline.

The Canadian-based, Brazilian-focused gold miner has seen most of its key directors cash in hefty share options.

President and chief exective Peter Marrone is leading the way with the sale of 750,000 options for a gross total of $10.2m. The options were exercisable at $1.67 and sold at $13.55. Other big sellers include financ e director Charles Main and another director, Stan Bharti.

[holdontightuk] 16/5/2006 12:22

MERCATOR GOLD PLC
('Mercator Gold' or the 'Company')


Interim Report on Drilling at Bluebird and Confirmation of Drilling Results at
Paddy's Flat


• Promising initial results from the Bluebird programme are now available
and include 8 m @ 11.1 g/t Au, 4 m @ 10.1 g/t Au, 17 m @ 3.1 g/t Au, and 10
m @ 3.0 g/t Au
• Confirmation of the previously announced drilling results at Prohibition
Zone, Paddy's Flat, including intersects 7m @ 6.5g/t, 69m @ 3.6g/t, 46m @
1.9g/t and 28m @ 6.9 g/t all in hole 06PRRD001 representing a modest
increase of the previously reported grade.


Bluebird

The resource at Bluebird is currently defined as 5,280,000 tonnes @ 1.9 g/t Au
for 326,000 ounces. The bulk of these ounces are contained within five high
grade domains, 1,698,000 tonnes @ 4.5 g/t Au for 244,000 ounces, surrounded by a
lower grade alteration halo.

Additional structures being targeted include Edin Hope (to the south west of
Bluebird), Polar Star (to the south east of Bluebird) and Bluebird North.

Mercator Gold plc is pleased to announce that RC and diamond drilling has been
underway since 23 February with the aim of increasing the Bluebird resource and
that the programme is on target to achieve its objective. First drilling
returns at Bluebird include the following highlights:

• 1 m @ 15.7 g/t Au, 8 m @ 11.1 g/t Au, 5 m @ 1.6 g/t Au, 2 m @ 3.9 g/t Au,
4 m @ 2 g/t Au, 3 m @ 4.3 g/t Au, 4 m @ 10.1 g/t Au, 17 m @ 3.1 g/t Au, and
3 m @ 6.90 g/t Au on the Bluebird lodes.
• 10 m @ 3 g/t Au from the only Bluebird North drill hole result, received
thus far.
• 0.6 m @ 21 g/t Au, and 4m @ 2 g/t Au on the Polar Star zone.
• 7 m @ 1.6 g/t Au, 2 m @ 2.4 g/t Au, and 7 m @ 1.1 g/t Au on the Edin Hope
zone.

Of particular significance was the 8 m @ 11.1 g/t Au intersection. This hole
was targeting mineralisation immediately north of the Bluebird pit, in the gap
between the Bluebird and Bluebird North pit, and supports the extension of the
high grade Bluebird domain north of the currently defined resource.

Only one result has been received from the Bluebird North resource drilling,
with RC drilling results still outstanding, and diamond drilling still in
progress.

The Bluebird lodes have generally been the highest grade structures, within
close proximity (1.5 kilometres) of the treatment plant. To take advantage of
this strategic location, future mining is expected to be centred on the Bluebird
deposit.

Sterilisation drilling over the mill, and office area, returned no significant
result, and indicate that mill, and powerhouse refurbishment can be carried out,
as planned.

A more detailed table of drilling results for Bluebird is available on the
Company's website.


Paddy's Flat Prohibition Zone

As announced on 20 April 2006, hole 06PRRD001 is collared in the haul road, 70
metres below surface. The revised results show a modest increase in grade
reflecting the use of the more reliable fire assay technique. In addition, these
results are complete, whilst the earlier results had a small number of
un-reported intervals.


In hole 06PRRD001 geologically defined intersects occur as listed below:

From -> to metres Description Grade * thickness g.m/ Vertical Depth metres
t
27 to 33 7m @ 6.54g/t 45.8 93
93 to 94 1m @ 2.1g/t 2.1 143
171 to 240 (1) 69m @ 3.58g/t 247.0 232
252 to 254 2m @ 2.41g/t 4.8 271
266 to 312 (2) 46m @ 1.96g/t 90.2 299
317 to 321 (3) 4m @ 4.25g/t 17.0 323
323 to 324 1m @ 1.16g/t 1.2 327
402 to 430 (4) 28m @ 6.96g/t 195.0 401
464 to 465 1m @ 1.07g/t 1.1 439



Notes on table

The drill assay table in this press release is based on geological intervals
that are illustrated in a diagram which will be available on the Company's
website. The 'from -> to' value is the distance down the hole. The
vertical depth is the distance from surface at which the intersect is first
recognised (note that the hole was drilled within the pit). The assay method for
all samples is Genalysis 50g fire assay (FA50/AAS). Note (1) the interval 69m @
3.58g/t includes 21m of internal dilution at an average grade of 0.54 g/t, (2)
the interval 46m @ 1.96g/t includes 18m of internal dilution at an average grade
of 0.55 g/t, (3) the interval 4m @ 4.25g/t includes a high grade zone of 2m @
7.48 g/t from 319m, and (4) the interval 28m @ 6.96g/t includes a high grade
zone of 13m @ 10.26 g/t from 403m.

Hole 06PRRD001 was drilled parallel to the host rock type but across at a
high-angle to fault structures. The results confirm the Company's analysis based
on SpaDiS(TM) technology, that mineralisation shows significant down dip
continuity, dipping east towards the Vivian Consols resource. This geological
interpretation contrasts with previous modeling of the Prohibition resource (2.3
Mt @ 3.6 g/t for 270,000 ounces) that assumed narrow (mostly less than 10m wide)
west dipping fault zones. The results presented here raise the possibility of
considerably more mineralisation available for potential mining without
significant drops in grade. The Vivian Consols resource (0.9 Mt @ 7.4 g/t for
230,000 ounces) is about 300m to the east with components dipping west towards
Prohibition. The Company is in the final stages of designing a drill programme
due to commence in month's time. This programme of about 10,000m of RC and
5,000m of diamond core drilling targets the expansion of the existing
Prohibition resource and will test the relationship of the Prohibition and
Vivian Consols mineralisation with a view to future mining economies.
Specifically the drilling will:

• test the along strike reproducibility of the above Prohibition result;
• determine the width of the host ferruginous chert and mineralisation at
depth;
• provide detailed data on fault and host rock geology to enable the develop
a three-dimensional model of mineralisation;
• provide data for revised evaluations on the resources at Prohibition and
Vivian Consols, and assess the depths to which these deposits may be mined
in an enlarged open cut operation.

The Managing Director, Mr Patrick Harford, said: 'The Company is very pleased
with the results received to date. The Bluebird drilling is on target to
confirm and upgrade the resource there, whilst the Prohibition Zone at Paddy's
Flat promises to be a much bigger mineralised system than previously thought.
Significant drilling programmes at Surprise, Meekatharra North and Paddy's Flat
are due to commence soon and work continues on target definition at a number of
other prospects.'


Consent for release

Julian Vearncombe BSc (Hons), PhD, FGS, RPGeo, FAIG is a director of the Company
and consents to the inclusion of the information in the form and context in
which it appears here. Julian Vearncombe is a Competent Person for the reporting
of these results as defined by the JORC Code 2004 Edition.



For further information please contact:

Mercator Gold plc
Patrick Harford Managing Director Tel: [phone]

Email:

[e-mail]

Link to website:

www.mercatorgold.com



Parkgreen Communications
Justine Howarth / Ana Ribeiro Tel: [phone]





Note to editors

SpaDiS(TM) is a software programme developed by Vearncombe & Associates Pty Ltd
that uses fractal technologies, including autocorrelation, to generate
high-grade targets from historic exploration data. Mercator Gold has a
contractual arrangement for the on-going use of SpaDiS(TM).

[holdontightuk] 16/5/2006 12:22

MERCATOR GOLD PLC
('Mercator Gold' or the 'Company')


Interim Report on Drilling at Bluebird and Confirmation of Drilling Results at
Paddy's Flat


• Promising initial results from the Bluebird programme are now available
and include 8 m @ 11.1 g/t Au, 4 m @ 10.1 g/t Au, 17 m @ 3.1 g/t Au, and 10
m @ 3.0 g/t Au
• Confirmation of the previously announced drilling results at Prohibition
Zone, Paddy's Flat, including intersects 7m @ 6.5g/t, 69m @ 3.6g/t, 46m @
1.9g/t and 28m @ 6.9 g/t all in hole 06PRRD001 representing a modest
increase of the previously reported grade.


Bluebird

The resource at Bluebird is currently defined as 5,280,000 tonnes @ 1.9 g/t Au
for 326,000 ounces. The bulk of these ounces are contained within five high
grade domains, 1,698,000 tonnes @ 4.5 g/t Au for 244,000 ounces, surrounded by a
lower grade alteration halo.

Additional structures being targeted include Edin Hope (to the south west of
Bluebird), Polar Star (to the south east of Bluebird) and Bluebird North.

Mercator Gold plc is pleased to announce that RC and diamond drilling has been
underway since 23 February with the aim of increasing the Bluebird resource and
that the programme is on target to achieve its objective. First drilling
returns at Bluebird include the following highlights:

• 1 m @ 15.7 g/t Au, 8 m @ 11.1 g/t Au, 5 m @ 1.6 g/t Au, 2 m @ 3.9 g/t Au,
4 m @ 2 g/t Au, 3 m @ 4.3 g/t Au, 4 m @ 10.1 g/t Au, 17 m @ 3.1 g/t Au, and
3 m @ 6.90 g/t Au on the Bluebird lodes.
• 10 m @ 3 g/t Au from the only Bluebird North drill hole result, received
thus far.
• 0.6 m @ 21 g/t Au, and 4m @ 2 g/t Au on the Polar Star zone.
• 7 m @ 1.6 g/t Au, 2 m @ 2.4 g/t Au, and 7 m @ 1.1 g/t Au on the Edin Hope
zone.

Of particular significance was the 8 m @ 11.1 g/t Au intersection. This hole
was targeting mineralisation immediately north of the Bluebird pit, in the gap
between the Bluebird and Bluebird North pit, and supports the extension of the
high grade Bluebird domain north of the currently defined resource.

Only one result has been received from the Bluebird North resource drilling,
with RC drilling results still outstanding, and diamond drilling still in
progress.

The Bluebird lodes have generally been the highest grade structures, within
close proximity (1.5 kilometres) of the treatment plant. To take advantage of
this strategic location, future mining is expected to be centred on the Bluebird
deposit.

Sterilisation drilling over the mill, and office area, returned no significant
result, and indicate that mill, and powerhouse refurbishment can be carried out,
as planned.

A more detailed table of drilling results for Bluebird is available on the
Company's website.


Paddy's Flat Prohibition Zone

As announced on 20 April 2006, hole 06PRRD001 is collared in the haul road, 70
metres below surface. The revised results show a modest increase in grade
reflecting the use of the more reliable fire assay technique. In addition, these
results are complete, whilst the earlier results had a small number of
un-reported intervals.


In hole 06PRRD001 geologically defined intersects occur as listed below:

From -> to metres Description Grade * thickness g.m/ Vertical Depth metres
t
27 to 33 7m @ 6.54g/t 45.8 93
93 to 94 1m @ 2.1g/t 2.1 143
171 to 240 (1) 69m @ 3.58g/t 247.0 232
252 to 254 2m @ 2.41g/t 4.8 271
266 to 312 (2) 46m @ 1.96g/t 90.2 299
317 to 321 (3) 4m @ 4.25g/t 17.0 323
323 to 324 1m @ 1.16g/t 1.2 327
402 to 430 (4) 28m @ 6.96g/t 195.0 401
464 to 465 1m @ 1.07g/t 1.1 439



Notes on table

The drill assay table in this press release is based on geological intervals
that are illustrated in a diagram which will be available on the Company's
website. The 'from -> to' value is the distance down the hole. The
vertical depth is the distance from surface at which the intersect is first
recognised (note that the hole was drilled within the pit). The assay method for
all samples is Genalysis 50g fire assay (FA50/AAS). Note (1) the interval 69m @
3.58g/t includes 21m of internal dilution at an average grade of 0.54 g/t, (2)
the interval 46m @ 1.96g/t includes 18m of internal dilution at an average grade
of 0.55 g/t, (3) the interval 4m @ 4.25g/t includes a high grade zone of 2m @
7.48 g/t from 319m, and (4) the interval 28m @ 6.96g/t includes a high grade
zone of 13m @ 10.26 g/t from 403m.

Hole 06PRRD001 was drilled parallel to the host rock type but across at a
high-angle to fault structures. The results confirm the Company's analysis based
on SpaDiS(TM) technology, that mineralisation shows significant down dip
continuity, dipping east towards the Vivian Consols resource. This geological
interpretation contrasts with previous modeling of the Prohibition resource (2.3
Mt @ 3.6 g/t for 270,000 ounces) that assumed narrow (mostly less than 10m wide)
west dipping fault zones. The results presented here raise the possibility of
considerably more mineralisation available for potential mining without
significant drops in grade. The Vivian Consols resource (0.9 Mt @ 7.4 g/t for
230,000 ounces) is about 300m to the east with components dipping west towards
Prohibition. The Company is in the final stages of designing a drill programme
due to commence in month's time. This programme of about 10,000m of RC and
5,000m of diamond core drilling targets the expansion of the existing
Prohibition resource and will test the relationship of the Prohibition and
Vivian Consols mineralisation with a view to future mining economies.
Specifically the drilling will:

• test the along strike reproducibility of the above Prohibition result;
• determine the width of the host ferruginous chert and mineralisation at
depth;
• provide detailed data on fault and host rock geology to enable the develop
a three-dimensional model of mineralisation;
• provide data for revised evaluations on the resources at Prohibition and
Vivian Consols, and assess the depths to which these deposits may be mined
in an enlarged open cut operation.

The Managing Director, Mr Patrick Harford, said: 'The Company is very pleased
with the results received to date. The Bluebird drilling is on target to
confirm and upgrade the resource there, whilst the Prohibition Zone at Paddy's
Flat promises to be a much bigger mineralised system than previously thought.
Significant drilling programmes at Surprise, Meekatharra North and Paddy's Flat
are due to commence soon and work continues on target definition at a number of
other prospects.'


Consent for release

Julian Vearncombe BSc (Hons), PhD, FGS, RPGeo, FAIG is a director of the Company
and consents to the inclusion of the information in the form and context in
which it appears here. Julian Vearncombe is a Competent Person for the reporting
of these results as defined by the JORC Code 2004 Edition.



For further information please contact:

Mercator Gold plc
Patrick Harford Managing Director Tel: [phone]

Email:

[e-mail]

Link to website:

www.mercatorgold.com



Parkgreen Communications
Justine Howarth / Ana Ribeiro Tel: [phone]





Note to editors

SpaDiS(TM) is a software programme developed by Vearncombe & Associates Pty Ltd
that uses fractal technologies, including autocorrelation, to generate
high-grade targets from historic exploration data. Mercator Gold has a
contractual arrangement for the on-going use of SpaDiS(TM).

[holdontightuk] 14/5/2006 22:08

April 2006 - Masbate Project to Start

"
The Masbate project is located near the northern tip of Masbate island, 360
kilometers south-east of Manila. Its mineral production sharing agreement
(MPSA) covers 8,336 hectares, and its reserve is placed at 71.3 million tons
containing 1.35 grams per ton or 3.09 million ounces of gold.
"


April 2006 - Fil-Canadian group eyes gold mine

"
Filminera Resources Corp. (FRC), a Canadian-Filipino partnership, is eyeing the
construction by August this year of the million Masbate gold project to cash in
on investments from now lucrative gold price in a prospect drilled since the
1990s. The feasibility study (FS) will be finished in two weeks (after which)
we'll work on bank financing," said FRC regional manager for Asia Johan
Raadsma. The FS will be presented before the FRC board next month for approval
prior to seeking bank financing for the mine's development and production by
the third quarter of 2007, another company official said.
"





Conclusion : very exciting times ahead for unloved and ignored Thistle Mining

[holdontightuk] 11/5/2006 23:13

FUND RAISING FOR MAX AT PAR OR LESS...

Roca Mines to raise $10.01-million privately
Roca Mines Inc (C:ROK)
Shares Issued 47,608,402
Last Close 5/11/2006 $0.75
Thursday May 11 2006 - News Release

Mr. David Skerlec reports

$10 MILLION BROKERED PRIVATE PLACEMENT

Roca Mines Inc. has entered into an agreement with Salman Partners Inc. to act as lead agent for a private placement of up to 14.1 million common shares at a price of 71 cents per share for gross proceeds of up to $10,011,000. The agent will be granted an oversubscription option to increase the offering size by up to 20 per cent. If the option is exercised in full, the gross proceeds to Roca from the offering would be approximately $12-million.

In consideration for its services, the agent will receive a cash commission equal to 6.5 per cent of the gross proceeds from the offering and agent's warrants exercisable into a number of common shares equal to 6.5 per cent of the number of common shares sold. Each warrant will entitle the agent to acquire one common share of the company at any time within 12 months from the closing of the offering at a price of 90 cents per share.

Proceeds of the private placement will be used to complete construction of the company's Max molybdenum project, located 60 kilometres southeast of Revelstoke, B.C. The offering is scheduled to close on or about June 8, 2006, and is subject to certain conditions, including, but not limited to, receipt of all required regulatory approvals.

© 2006 Canjex Publishing Ltd.

[holdontightuk] 11/5/2006 23:08

SUBJECT: Letter To YZC shareholders by Dr. Meade Posted By: Stkdlr
Post Time: 5/11/2006 11:50
« Previous Message Next Message »

Sell-off of Yukon Zinc Shares – What is the problem?
Shareholders have taken a beating in the past two days with the release of the results of the feasibility study. Why the big concern? Let us first consider the findings of the feasibility study by reviewing the key elements before commenting on the trading.


1) Mineral Resource numbers changed very slightly due to requirement to use a higher cutoff grade that better matches the new operating costs (a loss of 60,000 tonnes and a slight increase in grade)


2) Proven and Probable mining reserve matches closely the Measured and Indicated Mineral resource with about 18% mining dilution; conclusion, this is as expected and provides at least 10 years of mining reserves


3) Capital costs at $155.7M was a little more than guidance at $150M


4) Operating costs at $90.26/tonne was the same as guidance


5) Projected annual metal output was down because of significant reduction in metallurgical recoveries to concentrates that was not expected


6) Treatment and refining terms for smelting use long term terms that are significantly higher than current terms, resulting in lower metal revenues than most expected


7) Cash cost per pound of zinc was low at $0.18 per pound (after by-product credits) at Base Case prices; actually negative at Current Prices


8) Cashflow forecasts at higher prices was in line with guidance


Points 5 and 6 contributed to a reduction in revenues compared to the economic modeling done by many groups and has a significant effect on Internal Rate of Returns and Net Present Value of the project and was less than analysts might have expected.


Management's view of the feasibility is that it requires more study and work to address the recovery issue and costs; however, the feasibility study was overdue and we needed to report on it. The study indicates that the project remains a very low cost producer with very good cashflow using Forward Price and Current Price assumptions.


Assuming debt levels of say $100M, Current Prices would produce enough cash flow to pay off such debt amount in approximately 12 months; using the Forward Price model it would take about 16 months. In both cases such a rapid payback of capital is very good indeed. So what is all the fuss about?????


If you can pay back debt capital in such a short period of time; then you can remove all of the hedges and be unhedged; and going forward cashflow (less corporate and exploration expenses) becomes earnings to grow the Company. I think this is very attractive for shareholders.


Project Financing

It should be expected that the banks will require a high level of hedging to secure the cashflows for debt repayment; in our case likely about 70% of production. Therefore, the cashflow model that management and the Board have to work with in making a decision in advancing the project is likely a 70:30 mix of Forward Prices and Current Prices. Although it is not clear what the Current Prices will be in 2008 and 2009, the outlook for zinc prices over this period remains strong. Certainly on this basis, there are sufficient cashflows to be able to remove much of the project risk of debt repayment if we can take advantage of current strong metal prices.


Project Opportunities

The feasibility study notes numerous project opportunities to reduce capital and operating costs and expand reserves. Current assumed metallurgical recoveries are well below what is typical for these type of deposits in Canada, and further testwork should prove this out. As this is written, the evaluation of these opportunities is underway.

The key to realizing these opportunities is to have in place a development team that can extract these benefits and ensure cost control on development and operating costs. This is also key to creating confidence with the bank and major investors providing the project capital to see that we have the team in place.

Yesterday's announcement of the hiring of a Manager of Procurement and Contracts, and his assistant, is key to this initiative. They both came from Placer Dome one of the most respected mine builders in the World. Over the coming weeks we will continue to build our development team so we are ready to take advantage of the strong metals markets, and well prepared to advance our development plan. Certainly, having a team in place that can deliver the additional value in the Wolverine project is paramount for management and the Board. This is one of our prime focuses at this time.

Share Trading

The trading volume and sell-off is quite puzzling. Certainly in management's mind the results of the feasibility study do not justify the magnitude of drop in share price. If one looks at the trading it is clear that one firm has sold 25 million shares of the 57million shares that traded on May 9 and 10th, strongly suggesting that one or two large shareholders have exited the stock and caused a panic in the market. Of course on the other side we have placed 57 million shares in stronger hands; which may be beneficial going forward.

The concern for shareholders is that with the lower share price, there is the risk/reality that there will be higher levels of dilution than expected associated with the raising of the equity portion of project financing. We will have to see what that looks like going forward.

During this difficult time we have received many calls from nervous shareholders wanting to know what is going on. I trust that this short note will provide some light in the din of the last two days of trading. Many have provided words of encouragement to stay the course and press forward. Be assured that management is keenly focused on trying to rebuild our share price and build Wolverine as a successful mine. Your support is gratefully acknowledged.

Respectfully;

Harlan Meade

President and CEO

[holdontightuk] 11/5/2006 10:57

Stmnt re Share Price Movement

RNS Number:7984C
Platinum Australia Limited
11 May 2006

Stock Exchange Announcement



For immediate release



11th May 2006



PLATINUM AUSTRALIA LIMITED ("the Company")



The Company has noted the recent activity in its share price and has arranged
for a halt in the trading of its shares on the ASX. The Company confirms that a
placing of new shares is under way, the terms of which have not been finalised.
A further announcement will be made as soon as possible.




-End-





Media enquiries:
Sarah Allchurch
Allchurch Communications
[phone]
0412 346 412

Media enquiries:
Ron Marshman/John Greenhalgh
City of London PR
[phone]


For further information:
John Lewins
MD, Platinum Australia
[phone]
0419 910 061

[holdontightuk] 11/5/2006 09:40

Mercator Gold chairman buys shares

LONDON (AFX) - Mercator Gold PLC said chairman Terrence Strapp has purchased
60,000 ordinary shares in the company at an average price of 81.31 pence per
share and purchased 15,000 ordinary shares at an average price of 85.86 pence
per share.
Strapp now holds 295,000 shares in the company, representing 0.55 pct.
[e-mail]
slm

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Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by
framing or similar means, is expressly prohibited without the prior written
consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News
Limited

[holdontightuk] 09/5/2006 15:56

trading halted in YZC.....ahead of BFS issue.....should be very interesting.

[holdontightuk] 03/5/2006 12:19

SAR 3 - Oriel Resources Plc

RNS Number:3476C
RAB Capital plc
03 May 2006


FORM SAR 3

DISCLOSURE OF ACQUISITIONS
(Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer RAB Capital plc

Beneficial owner, if different from above

Names of any other persons acting by agreement or N/a
understanding (see SAR 5)

Company dealt in Oriel Resources
Plc
Class of voting shares (eg ordinary shares) Ordinary Shares

Date of acquisition 28/04/2006



Number of shares acquired 200,000

Number of rights over shares acquired # N/a
Nature of rights over shares N/a


Total holding of voting shares (and percentage of total
voting shares in issue) 38,591,461
(19%)
Total holding of rights over shares (and percentage of total -
voting shares in issue)

Combined total holding (and percentage) of voting shares
and rights over shares 38,591,461
(19%)



Date of disclosure 03/05/2006

Contact name Neil Warrender

Telephone number 020 7389 7015

# See the definition of "rights over shares" in the Definitions Section of the
SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.







This information is provided by RNS
The company news service from the London Stock Exchange

END
SADAKNKNDBKDQPK

[Abuse team] 30/4/2006 16:15

Post removed by ADVFN