Proactiveinvestors United Kingdom editorial

Weatherly International update reveals Tschudi resource upgrade

Tue, 07 Feb 2012 07:33:00 +0000

The total resource of the Tschudi copper project in northern Namibia has increased by 5 per cent to 50.1 million tonnes at 0.86 per cent copper, according to its owner Weatherly International.

Allocate Software has strong momentum despite NHS uncertainty, says boss

Mon, 06 Feb 2012 14:26:00 +0000

Underlying revenue growth of 15% in its latest half showed the strong momentum behind sales of its HealthRoster software into the NHS says chief executive Ian Bowles.

Ferrex shares rise as it confirms potential of two mine development projects

Mon, 06 Feb 2012 13:32:00 +0000

Shares in Africa focused mine developer Ferrex shot up over 20 per cent today as it revealed positive results from two projects.

Copper Development Corporation: Two exciting copper investments in one

Mon, 06 Feb 2012 10:26:00 +0000

Copper Development Corporation is a fully-funded, AIM-listed gem whose efforts in the Philippines don’t really seem to be receiving the market recognition they deserve. Chairman Mitch Alland tells us that CDC is essentially two exciting copper investments in one.

EMED Mining shares advance as Chinese back Rio Tinto copper mine restart

Mon, 06 Feb 2012 09:05:00 +0000

A new Chinese offtake partner has bought a 10 per cent stake in the company and will provide up to US$30 million to help fund the mine restart project.

West Africa gold juniors ripe for consolidation, suggests broker

Mon, 06 Feb 2012 08:59:00 +0000

The current hot spot of West Africa has become crowded with junior gold developers, which gives an opportunity for consolidation, broker Oriel Securities believes.

Oracle Coalfields feasibility study underlines Thar's technical and economic viability

Mon, 06 Feb 2012 07:34:00 +0000

Oracle Coalfields said the results of the feasibility study on its Thar Coalfield in Pakistan’s Sindh Province underlined its “technical and economic viability”.

Baobab Resources says IFC backs Tete exploration plans to the tune of US$1.9 million

Mon, 06 Feb 2012 07:29:00 +0000

Baobab Resources said this morning that International Finance Corporation is supporting the company’s 2012 exploration programme with US$1.9 million of funding.

Something for everyone at next Thursday's Proactive Investors One2One Forum in London: ImmuPharma, Oxford Pharmascience, Seeing Machines and Probability

Fri, 03 Feb 2012 17:00:00 +0000

We have a line-up that offers something for everyone at the Proactive Investors One2One Forum in London next Thursday (February 9). We have ImmuPharma and Oxford Pharmascience presenting alongside Seeing Machines and Probability.

Tangiers Petroleum AIM listing kicks off busy and exciting year

Fri, 03 Feb 2012 15:46:00 +0000

The London listing of Tangiers Petroleum kicks off what is expected to be an incredibly busy and exciting year. The group, which owns potentially company-making assets in Morocco and Australia, is hoping to negotiate farm-in deals on both.

Avocet Mining: Analysts welcome Inata gold reserve upgrade

Fri, 03 Feb 2012 15:43:00 +0000

Avocet revealed that it has doubled the gold reserve at the Burkino Faso mine, where it began production in June.

Tangiers Petroleum Chairman says 2012 will be busy as it moves towards drilling

Fri, 03 Feb 2012 10:24:00 +0000

Mark Ceglinski, Tangiers Petroleum Chairman (ASX:TPT), tells Proactive Investors that with the listing in London (LON:TPET) and with the farm-out plans there will be no significant funding demand as it moves towards drilling this year. Mark says that the A$2.08 price target from Old Park Lane Capital doesn't reflect the company's full prospects and investors should watch out for further news this year.

Longreach Oil & Gas: Tapping into the huge potential of Morocco

Fri, 03 Feb 2012 09:08:00 +0000

One of the earliest entrants to Morocco, Longreach Oil & Gas has spent the past five years building an impressive landholding in what chief operating officer Andrew Benitz describes as the “last under-explored basin in North Africa”. Here we talk to Benitz, who reveals that 2012 will be pivotal year for the company.

Nyota Minerals should benefit from Centamin's increased presence, says Ocean

Fri, 03 Feb 2012 09:03:00 +0000

East Africa-focused Nyota Minerals is to raise £9.7 million through a share placing at 6p with Centamin to take 67 million of the 161 million new shares.

VANE Minerals' US copper find is a significant milestone, says broker

Fri, 03 Feb 2012 08:38:00 +0000

VANE Minerals’ discovery of copper at its McGhee Peak acreage is a significant milestone but much more work needs to be done, said broker Northland.

New Liberty’s higher initial gold production allows ‘very quick’ repayment, says Aureus CEO Reading

Thu, 02 Feb 2012 17:33:00 +0000

The update confirmed that New Liberty is optimised for a higher rate of gold production in the first four years which will allow it to repay capital very quickly, chief executive David Reading told Proactive Investors.

ValiRx shares soar on skin cancer testing patent in Europe

Thu, 02 Feb 2012 14:55:00 +0000

Landing the patent means that ValiRx can start marketing the product to the oncology research industry and fellow drug developers, while planning a larger product launch into the wider market.

Toledo Mining has new vision, strategy and potential

Thu, 02 Feb 2012 12:35:00 +0000

Toledo Mining's chief executive Victor Kolesnikov set out his blueprint for the miner in a 20-page presentation delivered towards the end of last year. However, it was summed up at the bottom of the first page, which revealed this was a company with a “new vision, new strategy (and) new potential”.

Botswana Diamonds Chairman says there's an 80% chance of diamonds in Cameroon

Thu, 02 Feb 2012 11:32:00 +0000

John Teeling, Chairman of Botswana Diamonds (LON:BOD), tells Proactive Investors that while Botswana remains the main focus of the company there are exciting developments for the business in Cameroon and Zimbabwe. John says that in his opinion there is an 80% chance of diamonds in Cameroon and that the country will be a diamond province, producing "good quality" diamonds, in a "couple of years".

Amphion Innovations shares rise as DataTern patents are reinforced

Thu, 02 Feb 2012 10:39:00 +0000

The group has been working to reinforce its IP position in recent years. Today it revealed that 20 of its original claims can be patented following re-examinations by the United States Patent and Trademark Office.

Connemara Mining: Mine River joint venture adds new dimension, says broker

Thu, 02 Feb 2012 10:27:00 +0000

Connemara Mining’s gold joint venture at Mine River in Ireland adds a new dimension to a story seen previously as a zinc/lead play, according to Optiva Securities.

Hummingbird shares lifted by better than expected gold resource upgrade

Wed, 01 Feb 2012 12:52:00 +0000

Today's resource upgrade for the Dugbe 1 part of the Tuzon project is well ahead of analysts’ expectations, but the company says there is scope for further resource growth within a minable radius of the original Dugbe F deposit.

DECC confirms its support of Xcite Energy’s Bentley oilfield development - UPDATE

Wed, 01 Feb 2012 12:41:00 +0000

Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.

Hummingbird Resources: Tuzon propels Dugbe 1 estimate to 3.8 million ounces of gold - UPDATE

Wed, 01 Feb 2012 08:04:00 +0000

Hummingbird Resources this morning unveiled a maiden resource for the Tuzon prospect in Liberia of 2.05 million ounces of gold bringing the global resource estimate for the Dugbe 1 project area to 3.8 million ounces.

DECC confirms its support of Xcite Energy’s Bentley oilfield development

Wed, 01 Feb 2012 07:56:00 +0000

Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.

Hummingbird Resources: Tuzon propels Dugbe 1 estimate to 3.8 million ounces of gold

Wed, 01 Feb 2012 07:01:00 +0000

Shanta's New Luika potential prompts bullish upgrade from broker

Tue, 31 Jan 2012 15:33:00 +0000

Shanta Gold has been upgraded to “strong buy” by Fairfax Securities analyst John Meyer ahead of its New Luika mine in Tanzania coming onstream.

Pan African can make Evander deal work, says broker

Tue, 31 Jan 2012 13:16:00 +0000

Pan African Resources has a good chance to make the proposed acquisition of the Evander gold mine in South Africa work, according to broker Collins Stewart.

Nyota Minerals CEO says 2012 looks very exciting for the company

Tue, 31 Jan 2012 09:15:00 +0000

Richard Chase, CEO at Nyota Minerals (LON:NYO, ASX:NYO), tells Proactive Investors that the company is in the right place at the right time and with the expected developments this year Richard says that he is very excited about the prospects. He also talks about the share price.

Globo CEO says it’s totally focused on expanding internationally

Tue, 31 Jan 2012 08:34:00 +0000

Costis Papadimitrakopoulos, CEO of Globo,(LON:GBO) tells Proactive Investors that the company is totally focussed on expanding internationally to enable it to benefit from the higher margins available. Costis says that while the market is already “massive” it is still growing and Globo is well positioned to grow with it

Horizonte Minerals firmly focused as Araguaia development gathers pace

Tue, 31 Jan 2012 07:58:00 +0000

Horizonte Minerals' rapid development of its Araguaia nickel deposit in Brazil has been a model so far and the group has no intention of taking its foot off the pedal.

Archipelago Resources chief eyes big opportunities for Toka Tindung

Mon, 30 Jan 2012 15:07:00 +0000

Archipelago Resources' chief Marcus Engelbrecht says there's a lot more to follow today’s impressive resource and reserve upgrade for the Toka Tindung gold project. This will include more drilling at the flagship project in Indonesia, managing director and CEO Engelbrecht, told Proactive Investors, as the firm strives to expand the resource.

Ocean Equities says DiamondCorp looks a good bet for 2012

Mon, 30 Jan 2012 08:58:00 +0000

Chris Welch, Analyst at Ocean Equities, tells Proactive Investors that DiamondCorp (LON:DCP) represents a good play in the diamond space and having overcome the problems in 2011, thrown at it from issues beyond its control, Chris says that CEO Paul Loudon is the right man to take the company forward in 2012.

Gold fund manager says the gap between shares and bullion will start to close this year

Mon, 30 Jan 2012 08:54:00 +0000

Angelos Demaskos, manager of the Junior Gold Fund at Sector Investment Managers, says that he fully expects the price of gold to remain at least where it is and that this year the gap that has opened up between bullion and shares of gold companies will start to close. His picks in the fund are Focus Minerals (LON:FML) and Spanish Mountain Gold (TSX-V:SPA)

Wentworth Resources buys Cove Energy’s Mnazi Bay stake in US$38.8 mln deal

Mon, 30 Jan 2012 08:31:00 +0000

Wentworth is trading in its royalty interest in Cove’s LNG project in return for 16.38 per cent of Mnazi Bay. The deal increases Wentworth's future revenue and cash flow, as well as increasing the firm’s contingent and prospective resources.

Uranium Resources hunting for an Inkai-style deposit in Tanzania

Mon, 30 Jan 2012 08:28:00 +0000

Uranium Resources took a giant leap of faith in proving the existence of uranium roll front deposits in Tanzania’s Luwega Basin. Here managing director Alex Gostevskikh takes us through the process and tells us what lies in store as it develops the project.

Diamondcorp says "significant" number of lenders interested in financing Lace

Mon, 30 Jan 2012 08:04:00 +0000

The South Africa-based diamond miner is hopeful of arranging debt finance for nearly all the cost of developing its Lace diamond mine after talks with possible lenders.

Tangiers Petroleum completes $6.35 million private placement book build

Mon, 30 Jan 2012 08:01:00 +0000

Tangiers Petroleum has completed a private placement book build to raise A$6.35 million, which will be used to advance its exploration programmes in Morocco and Australia.

New World Oil & Gas unveils plans to raise US$35 million

Mon, 30 Jan 2012 07:38:00 +0000

New World Oil & Gas this morning unveiled plans to raise US$35 million from institutional investors and lenders. The cash will ensure the group is well funded to meet its exploration commitments

Logica: Logically under pressure

Sun, 29 Jan 2012 09:30:00 +0000

Challenging macro-economic conditions in Europe, combined with the negative earnings momentum and weak technical outlook, leaves Logica looking precariously vulnerable to further downside.

Sphere Medical: What do you want - blood?

Sat, 28 Jan 2012 07:47:00 +0000

Sphere Medical enjoyed a successful IPO in November and the company is now set fair for a dazzling future. But this is after years of uncertainty, and even just a few months ago the company was within days of running out of money. Jenny Chapman of Cambridge Business went to see founder and chief executive Stuart Hendry to hear the gory details.

African Eagle Resources: Dutwa project puzzle coming together

Fri, 27 Jan 2012 15:45:00 +0000

African Eagle Resources' appointment of two new directors ends a busy week of activity as it moves its Dutwa nickel project nearer to bankable status. It has also hired two specialist companies for vital roles in the preparation of a bankable feasibility study for the Tanzanian project, due at the end of this year.

Ncondezi Coal CEO discusses reserves, PFS, cash and infrastructure

Fri, 27 Jan 2012 15:41:00 +0000

Graham Mascall, CEO of Ncondezi Coal (LON:NCCL), tells Proactive Investors that having proved up 1.8bln tons of coal at its project in Mozambique, it is now working towards its pre-feasibility study. Graham also discusses local infrastructure and says that the $30mln cash the company has will last until at least until the end of this year, most likely to the early part of 2013.

IGas Energy: CBM gas is the priority despite surprise shale discovery

Fri, 27 Jan 2012 12:01:00 +0000

The British oil and gas firm has made an unexpected shale gas discovery near Warrington. But this won’t distract attention from its plans to develop a commercial coal bed methane operation.

Stratex International set for boost from drilling results, says broker

Fri, 27 Jan 2012 11:57:00 +0000

Drilling results are soon due from Stratex International’s Blackrock and Öksüt projects and should give a boost to the explorer’s value, says its house broker.

BP fails to pass on costs for Gulf of Mexico compensation

Fri, 27 Jan 2012 11:38:00 +0000

BP has failed to pass some of the compensation costs for the Gulf of Mexico disaster onto its drill rig contractor, Transocean.

Margaret Lawson at SVM Asset Mgt says she's optimistic for equities over the next six months

Fri, 27 Jan 2012 11:37:00 +0000

Margaret Lawson, fund manager at SVM Asset Management, tells Proactive Investors that with the "significant" intervention by central banks and with company costs having been pared back she's hopeful that equities will benefit this year. The SVM UK Growth Fund is orientated towards growth with oil, technology and luxury goods at the forefront of the strategy.

Ortac Resources has 1.2 million ounces of gold in Slovakia

Fri, 27 Jan 2012 10:21:00 +0000

Vassilios Carellas, CEO of Ortac Resources, talks about 1.2 million ounces of gold equivalent, a scoping study confirming attractive fundamentals, hardly any infrastructure requirements, very straightforward metallurgy with recoveries around 95%, cash costs of just over $500 per ounce gold, and potential to host at least 2 million ounces (Jan 2012).

Killik & Co choose Providence Resources, RPC Gp and Lancashire Hldgs

Thu, 26 Jan 2012 15:17:00 +0000

Paul Kavanagh from Killik & Co tells Proactive Investors that he feels that a Greek default is priced in and there are some excellent opportunities for investors including: niche insurer Lancashire Holdings (LON:LRE), plastics company RPC Gp (LON:RPC) and Irish based oil & gas producer Providence Resources (LON:PVR).

Argex Mining’s Titanium Project & Proprietary Technology

Thu, 26 Jan 2012 14:56:00 +0000

Roy Bonnell, President & CEO of Argex Mining, talks about owning technology that can produce 99.8% titanium dioxide (TiO2) from run of mine material, over 40 million tonnes grading 19% TiO2, a successful preliminary economic assessment, feasibility studies and the financing and construction of an industrial sized plant (Jan 2012).

Statpro's Wheatley confident of Revolution's "vast potential"

Thu, 26 Jan 2012 11:06:00 +0000

Statpro's Revolution, the low cost, high spec cloud-based analytics package for fund managers, was launched at the end of last March and in just nine months has built a commendable revenue base of just under £500,000 after it signed 50 clients.

Providence Resources' potential significantly undervalued, says broker

Thu, 26 Jan 2012 10:46:00 +0000

Cenkos has set a target price of 857p for Providence shares, with an estimate of the Barryroe prospect alone at $370.6 million or 476p per share.

Petroceltic CEO Brian O’Cathain says he’s excited about the Kurdistan prospects

Thu, 26 Jan 2012 10:20:00 +0000

Brian O’Cathain, CEO at Petroceltic (LON:PCI), tells Proactive Investors that he’s excited about the prospects in Kurdistan. Brian also says that he hopes to do another farm-out deal in Algeria.

IGas Energy finds ‘very significant’ shale gas in Cheshire

Thu, 26 Jan 2012 09:27:00 +0000

An exploration well has found a ‘very significant’ area of shale gas at the Ince Marshes site in Cheshire. The firm also updated investors on the development of its coal bed methane projects and its conventional oil producing operations, which are currently beating expectations.

ANGLE's improved deal with Origio and fundraiser kick-start EmbryoSure development

Thu, 26 Jan 2012 07:44:00 +0000

ANGLE, the intellectual property group, this morning unveiled a new and improved deal to commercialise its potentially revolutionary embryo selection technology for IVF.

StatPro outlines plans to focus on new Revolution product

Thu, 26 Jan 2012 07:29:00 +0000

StatPro Group chief executive Justin Wheatley said he is “pleased” with the early commercial performance of StatPro Revolution, its low cost, high spec analytics package for fund managers.

FatProphets Head Trader says short the Aussie Dollar and go long Euro

Wed, 25 Jan 2012 15:50:00 +0000

David Thang, Head Trader at Fat Prophets, talks to Proactive investors about his favoured trades including short AUD and long EUR. David also says that after a drop in the S&P500 and FT100, he remains bullish on those two indices.

CMC Markets says Bank of England QE should be properly targeted

Wed, 25 Jan 2012 15:43:00 +0000

Michael Hewson at CMC Markets talks to Proactive Investors and says that if the Bank of England DOES release more money into the UK economy through further quantitative easing, it should be better targeted at aiding growth. Michael says that the recent slide to a negative GDP number for the UK economy is proof, if proof was needed, that more needs to be done to boost businesses across the economy.

Range Resources and Leni Gas & Oil team up in Trinidad

Wed, 25 Jan 2012 13:31:00 +0000

The two AIM quoted firms will work together to redevelop the Goudron and Beach Marchelle oilfields in Trinidad.

Nighthawk Energy’s corporate moves should revitalise investor interest, says broker

Wed, 25 Jan 2012 11:54:00 +0000

Nighthawk is now in control of Jolly Ranch with a 75 per cent stake. And Westhouse Securities reckons the firm will be able to get more value out of the project using its own reservoir exploitation strategy and its own operations team.