GCM back in profit
7th Sep 2011 13:58
Mining firm GCM Resources swung back into profit in the year to the end of June despite its principal asset in Bangladesh remaining undeveloped. The firm posted a pre tax profit of £2,25m, compared to a loss of £4.2m in the 2010. Diluted earnings per share came in at 4.2p. GCM said it had disposed
Read morePolo boost from potential Caledon offer
8th Nov 2010 18:44
AIM-quoted Polo Resources will be a winner from a bid for coal miner Caledon Resources. The intended offer for AIM-quoted and ASX-listed Caledon from Guangdong Rising Asset Management (GRAM), which is worth 112p cash per share and values the company overall at £252m, still has to get over a number
Read moreSmall caps round-up: Avocet Mining, Panmure, Evolve Capital...
29th Sep 2010 14:57
Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o
Read morePolo Resources Hasn't Had Further Notification Of Interest From Weiss
29th Jul 2010 11:40
LONDON (Dow Jones)--Polo Resources Ltd (POL.LN), said Thursday it notes press speculation following the notification that Weiss Asset Management LP that it holds a 10.6% interest in Polo, adding it has received no further notification of interest from Weiss. MAIN FACTS: -Press speculation al
Read moreGCM Resources chairman buys in
25th Sep 2009 16:58
Coal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company. He took 50,000 at 89p a time. The shares closed at 92p going into the weekend. GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from
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