Toachi Mining (TIM:TSX-V) The company reported results from its on-going drill program at La Plata, a gold-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. A first phase metallurgical optimisation programme has also been initiated. Hole CMLP-16-14: [email protected] g/t Au, 49.74g/t Ag, 2.40% Cu, 11.82%Zn an 0.97%Pb from 135.57m. Included within this zone is a higher grading […]
ICG Enterprise Trust has announced the sale of its investment in Micheldever Group Ltd (Micheldever), reportedly the second largest distributor of tyres to independent retailers in the UK, to Sumitomo Rubber Industries. ICG Enterprise held Micheldever directly and through Graphite Capital Partners VI (Graphite VI). Combined, Micheldever was ICG Enterprises’s largest underlying investment at 31 […]
JPMorgan Russian Securities has announced that, following consultation with the Company’s large shareholders and its advisers, it plans to introduce, subject to shareholders approving a resolution in favour of the Company’s continuation as an investment trust at the Company’s AGM on 7 March 2017, a measure that places an obligation on the Board to make […]
Central Asia Metals (CAML:AIM) Q4 2016 and full year production update for the Kounrad dump leach, SX-EW copper recovery plant in Kazakhstan was 3,010 tonnes of copper cathode; total production for 2016 was 14,020 tonnes, a 16% increase on 2015. Copper cathode sales for the year ending 31 December 2016 were 13,938 tonnes which was a […]
Highbridge Multi-Strategy Fund has announced that, noting the reduction in the discount of the share price to NAV over the subsequent three months and also the recent stability of the discount at around 5%, the fund’s Board has canvassed the views of a number of larger Shareholders, a majority of whom have indicated that they […]
VPC Specialty Lending has announced that, on 30 December 2016, it completed its first share repurchase under its new buyback programme. 1.5m shares were repurchased at a price of 77.25p per share, this being a 20.4% discount to the company’s most recently published NAV of 96.99p per share on 31 October 2016. The company says […]
The Board of Aberdeen Frontier Markets in consultation with Aberdeen Fund Managers Limited and Numis Securities, and following discussions with certain shareholders, believe that there remains demand for a listed, Aberdeen-managed, closed end frontier market vehicle, providing exposure to the Frontier Markets of Africa, the Middle East, Eastern Europe, Asia and Latin America. Following these […]
Ranger has made an announcement related to the bankruptcy of Argon Credit – it is a complex topic so here’s the main body of the text of that announcement. The Company notes the recent press coverage relating to the filing for Chapter 11 bankruptcy by Argon Credit, LLC and Argon X, LLC (together, “Argon”). The […]
VPC Specialty Lending has announced that, in light of the significant disparity between the Company’s share price and its Net Asset Value per share, it will commence a share buyback programme. As at the date of the announcement (22 December 2016), the Company says that its shares are trading at a 17.9% discount to net […]
JPMorgan Asian Investment Trust has announced proposals to change its discount management and dividend policy. The trust says that its board has been disappointed and concerned by the widening of the Company’s discount over the year particularly against the background of exceptional investment performance. The trust has a continuation vote at its AGM on 2 […]
