Small caps round-up: Aminex, Solo, Firestone Diamonds ...
7th Feb 2012 08:50
Oil and gas companies Aminex and Solo Oil took a hit on Tuesday morning after the first stab at drilling their shared Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania proved disappointing. Data will now be recorded to determine whether or not to drill further. Aminex shares fell 38
Read moreFirestone Diamonds sees return of stability to market
5th Dec 2011 12:20
Exploration and mining firm Firestone Diamonds has reported a return of stability to the rough diamond market after it was able to sell all diamonds offered at its most recent sale. During the sale, its fourth of 2011, the firm sold 47,576 carats for a total of $2.8m. Chief executive officer Ti
Read moreCentamin Egypt boss buys again
22nd Sep 2011 14:30
The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company, taking more than £550,000 of shares. He took 500,000 at 110.9p a time and now has a personal holding of 1m shares. However, including "his connected persons" El-Raghy has 71.2m s
Read moreRough diamond sales result for Firestone
14th Sep 2011 12:09
The latest gem sale from Firestone Diamonds earned the exploration and mining company a disappointing $0.86m after it sold just 14% of its available carats. The firm was able to shift 3,395 carats for $863,037, however the remaining 20,100 carats did not reach reserve prices after sales faltered in
Read moreDiamond prices up at Firestone sale
21st Apr 2011 11:14
Significant diamond price increases helped AIM-quoted Firestone Diamonds pocket $1.4m of the sale of 7,111 carats, after the completion of its first diamond sale of 2011. The group sold 4,850 carats from its Liqhobong mine in Lesotho at an average price of $181/carat, and a further 2,241 carats fro
Read moreSunday tips round-up: Compass, CPP, Firestone Diamonds
3rd Apr 2011 13:09
The Mail on Sundays says it could be time for cautious investors to get out of CPP, the identity theft and credit card insurer that saw its share price fall by two-fifths last week after the Financial Services Authority (FSA) said it was investigating the company. The FSA is looking into the way CPP
Read moreFirestone's bright future
31st Mar 2011 17:26
It has been a busy year for AIM-quoted Firestone Diamonds which has started to sell diamonds from its BK 11 mine in Botswana. Last July, Firestone became the third mining junior to produce diamonds from a kimberlite mine when it commenced production at BK11 in Botswana. This was followed by the ac
Read moreSmall caps round-up: Henry Boot, Firestone Diamonds, Amino Tech...
7th Feb 2011 11:52
Property developer Henry Boot says it will move to a net cash position after it agreed the sale of a shopping centre in Ayr for £33.8m and the sale of land with planning permission to build houses in Buckingham for an undisclosed fee. Henry Boot said last month that one of its goals is to 'manage d
Read moreSmall caps round-up: Firestone Diamonds, UBC Media
15th Dec 2010 14:48
Firestone Diamonds' first diamond tender at its new sales office in Gaborone, Botswana, sold 14,673 carats for gross proceeds of about $1.6m, with the first sale of diamonds from the main pipe at Liqhobong making $98/carat "We are very pleased that the prices achieved for both Liqhobong and BK11 p
Read moreFirestone raises £13m for Liqhobong development
3rd Dec 2010 13:28
Firestone Diamonds is raising £13m in order to finance the development of the Liqhobong diamond mine. Plant 1 at Liqhobong is scheduled to commence production in the first quarter of 2011 and Firestone intends to treble capacity by the end of 2011. This plant could generate annual revenues of $36m
Read moreFirestone Diamonds shrinks losses
24th Nov 2010 08:00
Aim listed South African diamond miner Firestone Diamonds reduced full year losses and said it was confident of reaching its target of producing 1m carats per annum by 2014. The group, which has mines in Botswana and Lesotho, said losses before tax narrowed to £2.4m for the year ended 30 June 2010
Read moreObtala sells Firestone stake
12th Oct 2010 18:36
Obtala Resources has raised £4.9m by selling its shares in AIM-quoted Firestone Diamonds. AIM-quoted Obtala obtained the 22.65m shares when Firestone took over Kopane Diamonds, in which Obtala had a 16.15% stake. Firestone made an all-share offer. The shares were sold last Friday when Firestone w
Read moreSmall cap round-up: Metal-Tech, Firestone Diamonds, Belgravium
2nd Sep 2010 15:31
Metal-Tech, which produces and recycles Tungsten, saw losses narrow in the six months to June 30 as demand for the speciality metal picked up following the downturn. Pre-tax losses narrowed to $5.4m from $7.2m over the same period the previous year. Revenues climbed to $21.3m from $20.4m. Shares i
Read more2nd UPDATE: Firestone Diamonds Agrees Offer For Kopane
21st Jul 2010 16:18
(Adds executive comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Diamond miner Firestone Diamonds PLC (FDI.LN) Wednesday said it agreed to acquire peer Kopane Diamond Developments PLC (KDD.LN) for GBP52.7 million in shares, in a deal that brings together assets inclu
Read moreUK SMALLCAP ROUNDUP: Weak Pound Boosting Lure Of UK Smallcaps
21st Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps INVESTORS are set to take advantage from the effect of a weak sterling on U.K.-based international companies, the manager of the BlackRock UK Special Sit
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