Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, has announced that it has entered into a HK$282 million (US$36.3 million) five-year loan facility with Hang Seng Bank for its properties in One Central Residences. The new loan facility serves to finance the repayment of tranche 1 of the original loan which matures on 25 […]
Gresham House is to buy Aitchesse, a specialist UK commercial forestry manager, as it continues on its path of transforming itself into a specialist asset management business. A subsidiary, Gresham House Holdings Ltd. (GHHL), has agreed to acquire Aitchesse funded from a combination of cash, loan notes and Gresham House shares. On completion, the Company […]
Randgold Resources reported earnings of US$0.45/share in Q3 15, against EPS of US$0.63 in the corresponding quarter of 2014, despite record gold production of 305 koz. Attributable income fell 10% as the gold price received fell from US$1,277/oz to US$1,122/oz. Cash costs were marginally higher at US$699/oz. For the first nine months of 2015, the […]
Lonmin plc has guided that it will more than halve its asset value and take an impairment charge of between US$1.85-2.05 billion when it releases it results for the financial year ended 30 September 2015, on 9 November. This follows the company’s adoption of a new business plan and financial restructuring that concentrates on lower […]
Aureus Mining Inc has recommenced operations at its New Liberty gold mine, in Liberia, after the failure of the secondary crusher in mid-October, which has now been repaired. Meanwhile, the company has installed a temporary 200 t/hr mobile crushing unit, which enabled crushing and processing to recommence at the end of October. The company will […]
According to its latest quarter report, after spending almost A$12 million in the September quarter in commissioning its Drakelands open pit mine at the Hemerdon tungsten/tin project, in Devon, Wolf Minerals reports that it has fully drawn down the £75 million senior debt finance. Drakelands is the first new metal mine to be built in the […]
Treveria sold off its old property portfolio and gave cash back to shareholders but the listed company is still around and is being transformed into something else – it looks as though this will have something to do with the resources sector. Treveria has appointed Allenby Capital and Peterhouse Corporate Finance as joint-brokers. Peterhouse Corporate Finance has […]
The Board of Baillie Gifford Shin Nippon has announced that Baillie Gifford, the Company’s Investment Manager, will appoint Praveen Kumar as portfolio manager of Baillie Gifford Shin Nippon PLC with effect from 1 December 2015. After eight years as portfolio manager of Baillie Gifford Shin Nippon, John MacDougall will take up another role within the […]
Manchester & London has published results for the year ended 31 July 2015. These show that the fund just outperformed its benchmark, the Dow Jones U.K. Total Stock Market Total Return Index, returning 5.0% on net assets vs. 4.8% for the index. The Directors are proposing a final ordinary dividend per share of 1.70p and […]
Aurora Investment Trust has published a half year report covering the six months ended 31 August 2015. The FTSE ALL-Share index declined by 8.3%, whereas the FTSE100 Index, on account of its high exposure to oils and commodities, fell by 10.0%. In comparison the Net Asset Value of the portfolio reduced by 5.7%. Management of […]
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