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Mining, Resources and Basic Materials News

Resource stocks (as opposed to mining stocks) tend to be companies with a resource of material, with no need to “mine” to get to it.and data on Pan European listed mining and resource stocks. Mining is a process of extraction of materials (the resource) from the earth, usually (but not always) from an ore body, vein or seam. Any material that cannot be grown from agricultural processes, or created artificially in a laboratory or factory, is usually mined.

17 Feb 2015

Polo Resources investment Weatherly suspended

Polo Resources Limited announced yesterday that it has allowed its right to subscribe for a further 51,984,748 Weatherly International Plc ordinary shares at a Subscription Price of 2.925 pence per share to lapse, unexercised and in a separate announcement Weatherly said its shares would be suspended. Weatherly has no clarified its situation saying “that, in accordance […]

17 Dec 2014

Polo Resources writes down Nimini investment

Polo Resources has just got round to publishing its results for the year that ended on 30 June. In what is actually quite a comprehensive report on the current state of the business, the NAV per shares at the end of June isn’t mentioned (total equity net of all liabilities was $143.6m at the end […]

10 Nov 2014

Polo Resources invests in Weatherly International

POL : Polo Resources invests in Weatherly International Polo Resources is investing in copper miner, Weatherly International. Weatherly is an AIM traded mining development and exploration company focusing on copper in Namibia. Weatherly’s copper portfolio includes the following assets in Namibia: two mines named Otjihase and Matchless which are in production; Tschudi – an open […]

15 Aug 2014

RAB Special Situations will hold continuation vote at end 2015

RSS : RAB Special Situations will hold continuation vote at end 2015 RAB Special Situations saw an increase in its net asset value over H1 2014 – from 16.83p to 17.25p per share. The increase comes in spite of falling index values fro AIM stocks and the FTSE AIM Basic resources Index. The Board and […]

28 May 2014

Polo Resources : POLO – acquisition

Polo Resources is upping its stake in Blackham Resources by acquiring a 49% stake in Perfectus Management Limited which in turn owns 15% of Blackham Resources. The consideration for the deal is A$1m and A$2m worth of shares in Polo Resources which are being issued to Perfectus at a 15% premium to the current share […]

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