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2016

30Sep 2016

Thor Mining PLC

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Mick Billing – Chairman & Paul Johnson – None Executive Director speak to Share Talk about the company restructuring and future outlook.

Thor is an exploration and development company with an advanced tungsten/molybdenum project poised for development and gold and tungsten exploration projects. Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX).

29Sep 2016

Kolar Gold Ltd – Cameron Parry AIM:KGLD

 

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Kolar Gold Ltd is a India gold exploration and mine development company. Share Talk caught up with Cameron Parry last week in London to ask questions share holders had submitted.

July 2016, the company appointed Cameron Parry, a non-executive at AIM-listed resources investor Metal Tiger, as its chief executive. Kolar raised GBP900,000 in a placing, in which Metal Tiger had acted as a cornerstone investor. Parry had himself been chief executive of Metal Tiger until a management shake up in February.

It also appointed Luke Cairns as an executive director.

Parry said that, since then, “the new management has made significant progress to remedy structural deficiencies and operational inefficiencies that existed within the company previously. Concurrently we have been developing a strategy to build value and generate cashflow whilst managing risk.”

Kolar said that, since their appointment, the new executive team reviewed the company’s historical operations and had put in place measures to control costs. This included liquidating Australian subsidiary Kolar Gold Pty Ltd and setting up an operating office in London.

“We are also looking to develop complementary business opportunities for the Indian market and to become a co-operator of near-term cashflow generative gold projects within an alternative jurisdiction,” Parry added.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright 2016 Alliance News Limited. All Rights Reserved.

29Sep 2016

FCR : Ferrum Crescent – Issue of Consideration Shares

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Further to its announcement on 23 September 2016, Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that 100,000,000 new ordinary shares of no par value each in the capital of the Company (“Consideration Shares”) will be issued to GoldQuest Mining (Spain) Corp. on 30 September 2016. The Consideration Shares will be issued in settlement of the share element of the consideration for the acquisition of 100% of the issued share capital of GoldQuest Iberica, S.L.

26Sep 2016

Goldplat Plc returns to profitability

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In this interview, Share Talk spoke with the AIM-listed Goldplat Plc (GDP), CEO Gerard Kisbey-Green with regards to the company’s Preliminary results. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GDP/12977915.html

Gerard gives a detailed overview of Goldplat’s return to profitability and the continued strength of its market-leading gold recovery operations in South Africa and Ghana. He explains that GDP are also making progress to geographically diversify the business into Africa, as well as into South America.

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