Tuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreFirestone Diamonds full year losses narrow despite sales fall
2nd Oct 2014 16:23
Diamond exploration and mining firm Firestone Diamonds cut back its full-year loss, despite a fall in revenue due to the closure of its plant in Lesotho. The miner reported a pre-tax loss of $11.2m in the year ended 30 June, almost halving the $22.6m loss it reported at the end of the 2013 financial
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreSunday share tips: BG Group, BSkyB, Firestone Diamonds
27th Jul 2014 17:00
Sell shares of BG Group, Danny Fortson recommended in the Sunday Times. The shares were the best performers in the European oil industry in the second quarter of this year despite the absence of a Chief Executive. Chairman Andrew Gould's reputation has supported the shares while he stands in and he
Read moreFirestone Diamonds raises funds for treatment plant at Liqhobong
15th Jan 2014 12:29
AIM-listed Firestone Diamonds has agreed an additional funding package to build and commission the main treatment plant at the Liqhobong Diamond Mine. The £85.4m package is in addition to the £50.3m debt facility from Absa bank announced in late November. The additional package, which was raised
Read moreSector movers: Miners fall on concerns over China, Caterpillar
23rd Oct 2013 15:40
Mining stocks were out of favour on Wednesday after results from US equipment manufacturer Caterpillar disappointed and concerns over the Chinese economy weighed on sentiment. Gold, silver and copper prices were declining today amid increasing money-market rates in China after the central bank refr
Read moreFirestone Diamonds sees higher gem values at Liqhobong
23rd Oct 2013 15:02
Firestone Diamonds hailed a rise in potential diamond values from its Liqhobong diamond mine in Lesotho. Firestone said an independent study of production from a pilot plant at Liqhobong had shown its base average diamond price, excluding potential large stones, increased to $107 per carat from $9
Read moreN Brown Group non-exec takes stake in company after share price falls
10th Oct 2013 16:35
Simon Patterson, Non-Executive Director of N Brown Group, has taken advantage of the recent decline in its share price to acquire 10,000 shares in the online and catalogue retailer. Patterson bought the shares, his only holding in the company, at 463.54p for a total spend of £46,354. The previous
Read moreFirestone Diamonds narrows losses after revenues jump
4th Oct 2013 12:01
Firestone Diamonds reported that full year losses narrowed by 52 per cent to 14.5m pounds after its revenues jumped thanks to robust diamond prices. The AIM-listed diamond miner, with operations focused on Lesotho and Botswana, said its corporate expense bill fell 17% in the year to the end of June
Read moreFirestone Diamonds confirms police raid at Lesotho mine
29th Jan 2013 08:45
Firestone Diamonds on Tuesday confirmed reports of a police raid at its mine in Liqhobong, Lesotho. The company said local authorities removed computer equipment from the site without a search warrant or court order on January 16th. Firestone insisted there was no disruption or impact to operatio
Read moreFirestone Diamonds sells 5.1 million diamonds in two months
17th Dec 2012 07:40
AIM-listed diamond mining and exploration company Firestone Diamonds has sold 56.1 million dollars of diamonds during two tenders held in October and November 2012. In a trading update published on Monday morning, the company stated that it had sold 63,991 carats in total, with 47,685 carats sold O
Read moreFirestone profits drop like a stone
13th Nov 2012 14:55
Firestone Diamonds, AIM-quoted mining company, took a tumble after full year figures showed it had plunged deep into the red. The firm posted pre-tax losses of £30.4m, compared to a £3m loss the year before, on revenues that jumped to £6.5m from £2.5m. A large proportion of this - £19.8m - related
Read moreResources round-up: Firestone Diamonds, Edge Resources, Ormonde Mining
16th Oct 2012 15:00
Firestone Diamonds jumped 12.9% after the firm reported it had discovered very rare 'type 2' diamonds at its Liqhobong mine in Lesotho. Type 2A diamonds - of which the company found 28 - make up less than 2% of all diamonds and are considered the purest of all diamonds. One of the diamonds found -
Read moreResources round-up: Fastnet, SolGold, Botswana, Firestone
25th Jul 2012 13:33
Fastnet Oil and Gas has welcomed the publication of independent technical reports on the Molly Malone Basin and Mizzen Basin in the Celtic Sea as it confirms the company's estimates. The best case unrisked in-place resource estimates for the Mizzen Basin is around 2.4bn barrels of oil equivalent (bo
Read moreResources round-up: Enegi, Red Emperor, Range Resources...
14th May 2012 12:47
Enegi Oil's latest results from tests at the PaP-1 well indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5m barrels of stock tank oil initially in place and 117bn cubic feet gas initially in place, with the absolute openhole flow potential expecte
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