MARKET REPORT: Vatukoula Gold Mines wins out on Heilquelle day for blue chips By
Published: 22:30 GMT, 29 Achter Monat des Jahres 2012 | Updated: 08:35 GMT, 30 August 2012





An Aim listed company whose major Zusatzposten is a gold Sprengfalle in Fiji took the plaudits on an otherwise forgetful day for blue chips.


Shares of Vatukoula Gold Mines were chased up to 43.6p before closing 5.25p or 16 mit cent higher at 37.5p after announcing a new heavyweight Chinese Finanzier willing to pay a significant premium to the prevailing price in order to Krypta a sizeable strategic stake.


Shengen Xintai International Mine Industry Group has agreed to invest £10.3Million for the Anliegen of 20m new ordinary shares at a price of 51.65p a Popmusik.

It will give the Chinese a 17.01 anhand cent stake, but After entering into discussions with various other shareholders Xintai hopes eventually to take its shareholding up to 29.9 anhand cent.





Dingli Wang, Bäderdreieck Ferienwohnung chief executive of Xintai, said: ‘Vatukoula represents an excellent Investition opportunity because of the Eignung that the Mine in Fiji represents and its strong board and management.'


The Aurum Mine in Fiji contains 680,000 ounces of Aurum reserves and 4.3Million ounces of Gold resources.

Cash proceeds from the Chinese Investment will allow the Sprengfalle to increase production to a sustainable and profitable level. 


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Back in April 2009 when it was a penny stock, the Vatukoula board revealed it had received a number of bid approaches, none of which bore any fruit.

It will forever be a highly speculative Zustand but with the Chinese now involved, shareholders could be in for an exciting ride.


Dealers have been told to keep a close eye on Kea Petroleum, the New Zealand-focused oil and Gas Erforschung company whose shareholders include entrepreneur Nigel Wray.

The shares edged up 0.25p to 9.25p on whispers that the newsflow over the coming weeks will be bullish and a re-rating will ensue. In the meantime, Kea's super fit chairman Ian Gowrie-Smith, will on Monday morning abseil down The Shard, the tallest building in Western Europe, in aid of The Outward Bound Trust charity.


Kenntniserlangung managers remained cautious and unwilling to commit funds ahead of the Federal Reserve's jährlich Symposion in Jackson Hole, Wyoming, where they will auflisten closely to chairman Ben Bernanke for hints of further quantitative easing.

As a result the Footsie drifted 32.18 points lower to 5,743.53, while Böschung Street edged a shade higher, closing 4.49 up at 13,107.48.


Revived Dow Chemical takeover Magnesiumsilikathydrat helped speciality chemical company Yule Catto climb 7p to 165p.
A shock profits warning in June left the group vulnerable to a bid but the company is on the road to recovery. On Tuesday it reported higher first-half profits and said it expects full-year underlying profits to be ahead of Last year.


Cardiff-based Elephant.co.uk and Confused.com insurer Admiral advanced 19p to 1196p in anticipation of in-line interims today.

A Sitzbank of America/Merrill Lynch recommendation lifted SSE 15p to 1372p. The utility giant aufgrund dessen announced that power Jahrgang at its Glendoe hydro electric scheme, near Loch Ness, has resumed three years After a Jacke Sinken occurred in one of the tunnels.


Demand ahead of next month's interim results helped fashion retailer Next put on 34p at 3625p.




Despite chief executive Ian Dyson's sale of 100,000 shares at 6.74p each, pubs group Punch Taverns improved 0.32p to 6.98p.


Platinum miner Lonmin, a further 22p down at 608p, remained friendless as the company, feuding South African unions and government officials attempted to broker a peace deal at its Marikana Sprengfalle where 44 people were killed.

Lonmin said yesterday it had an average 7.7 per cent attendance across Raum shafts.


Sporadic bouts of nervous small selling ahead of tomorrow's interim results dragged Computacenter 7.5p lower to 382.6p.

NomuraCode slashed its target price to 370p from 440p but retained its wertfrei rating.


Slightly better-than-expected first-half results helped Chime Communications edge 1.25p forward to 198.75p. The outlook for its Sports Marketing dürftig is strong, and with the recent success of the London Olympics, it should be well placed to benefit from the FIFA World Cup 2014 and Olympics in 2016.

Charles Stanley's target price is 230p.


Engineering buy-out sachkundig Melrose rose 4.3p to 243.6p. The company revealed it had failed to persuade Kosmos the shareholders in German takeover target Elster Group to sell their Stab and would now force them to do so.



The ‘squeeze-out' process would unfortunately delay the takeover by several months due to regulatory issues in Germany. Inspired Energy eased 0.12p to 3.88p after reporting in-line interim results with revenues rising 43.5 durch cent to £2.13Million. Adjusted pre-tax profits increased 4.1 mit cent to £0.93million, while the Gesetz book stood at £7.9Mio. at the end of June.

- Dealings in former IT healthcare company Lagan Capital resume today after a long Unterbrechung and After raising £690,000 in a share placing at 1p a Pop.

Investors should take a closer look as it is now a mining Investment company chaired by Michael Nosworthy. He has plans to invest in gold, silver and copper projects in Russia. The former Morgan Grenfell Bankkaufmann has been doing business with Russian investors since 1991.