Saturday, June 29, 2013

Gem Diamonds Limited pulling big diamonds

Gem Diamonds Ltd said it recovered a 100 carat diamond from its Letseng mine in Lesotho, sending its shares up as much as 8 percent. The discovery of the rough diamond on June 22 is the third diamond of over 100 carats in size to be recovered from Letseng since May. A 164 carat diamond from Lesotho sold for $9 million last month.
"The recovery of three diamonds each with a likely price-tag in the $6 million to $10 million range should be viewed against total 2012 revenue of $202 million," Citigroup analyst Jon Bergtheil said. "The three diamonds alone could come to represent more than 13 percent of 2012 turnover."

Letseng's June export achieved an average price of $2,087 per carat, for a total value of $22 million, compared with an average price of $1,599 per carat for the first three tenders in the year, Gem Diamonds said in a statement."

http://www.mineweb.com/mineweb/content/en//mineweb-diamonds-and-gems?oid=195701&sn=Detail

More on Gem Diamonds Limited (GEMD.l) here ...

http://globalminer.blogspot.ca/


Monday, June 24, 2013

Fiera Capital - FSZ.t

Fiera Capital - FSZ.t is a prominent Canadian investment management firm cultivating excellence in portfolio management and investment solutions.

With close to $66 billion in assets under management, the company is one of Canada’s leading investment managers.


On May 14, 2013 the company released Q1 Numbers

"Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital” or “the Firm”), a leading independent Canadian investment firm, today reported its financial results for the first quarter ended March 31, 2013 (“the first quarter”).

Financial and Corporate Highlights

For the three months ended March 31, 2013:
Assets under management (“AUM”) increased by $7.5 billion, of which $6 billion comes from the UBS acquisition, to $64.5 billion from the previous quarter ended December 31, 2012 and by $35.8 billion compared to the quarter ended March 31, 2012.
Revenue increased by 95% to $30.2 million compared to the corresponding quarter ended March 31, 2012.
Earnings before interests, taxes, depreciation and amortization (“EBITDA”) increased by over 100% to $10.9 million compared to $3.4 million for the same quarter ended March 31, 2012.
The Firm recorded net earnings of $0.03 per share compared to a net loss per share of $(0.01) for the quarter ended March 31, 2012.
Adjusted net earnings for the period were $7.4 million or $0.13 (basic and fully diluted) per share, an 86% increase over adjusted net earnings of $2.6 million or $0.07 per share for the period ended March 31, 2012.

__________________________________








http://pennystockjournal.blogspot.com/2013/06/fiera-capital-fszt.html


Widget


Contact


RSS



Sunday, June 23, 2013

Update : British Police digging for Brink's-Mat gold

Detectives searching for loot from the £26 million Brink's-Mat bullion robbery were today continuing to scour a site on the south coast. Officers are using hi-tech imaging equipment to search a timber yard to the rear of a builders' merchants in Graystone Lane, off Old London Road, Hastings.

A Scotland Yard spokeswoman said: "This search is based on information we have received following a lengthy inquiry which has lasted many months. The robbery of gold bullion and jewels worth £26 million from the Brink's-Mat vaults at London's Heathrow Airport at 6.30am on November 26, 1983, was Britain's biggest. A bribed security guard let six armed men into the warehouse and within an hour had they pulled off "the heist of the century".

http://www.dailymail.co.uk/news/article-21802/Police-dig-Brinks-Mat-gold.html#ixzz2X3g1UPDt
__________________________________________________________________________
More than 20 people whose lives were touched by the bullion from an infamous British robbery have met an untimely – and often gruesome – end since the record-breaking raid.

Just after dawn on November 26, 1983, six armed men burst into the Brink’s-Mat warehouse at Heathrow expecting to find £3 million in cash. Instead they stumbled across nearly seven thousand gold ingots, worth nearly £28 million.

The heist turned them into some of Britain’s richest men and filled the pockets of countless other crooks as the gold was melted down and the money laundered to fund shady activities such as drug smuggling. Just three out of 15 men involved in planning and executing the robbery were ever convicted – robbers “Mad” Mickey McAvoy, Brian “The Colonel” Robinson and security guard insider Tony Black, Robinson’s brother in law.
The vast majority of the gold – worth over £500 million at today’s prices – has never been recovered. But nearly 30 years on, most of those involved have come to a violent end. More than 20 people connected to the heist are dead.

The include an ex-policeman who ended up with an axe in his head, an underworld figure gunned down on his yacht off Corfu, and an enforcer now believed to be part of the foundations of the O2 Arena in London.
Robinson, McAvoy, Brian Perry and three other men managed to disable the security alarm and enter the warehouse thanks to “insider” Black, who worked at the depot. Once inside, they doused the guards with petrol and threatened to set them alight unless they revealed the combinations to the vault, which they knew contained £3 million.

But when they got inside, they could hardly believe their eyes. Stacked in front of them were 6,800 gold ingots, hundreds of thousands of pounds, travellers’ cheques and two boxes of diamonds. The men spent the next two hours loading their battered blue Transit van before making their getaway. The stolen vehicle creaked under the weight. By the time the alarm was raised 15 minutes later, the robbers and the loot had vanished.
In December 1984, Robinson and McAvoy were jailed for 25 years each while Black was sentenced to six years. But there were still many villains at large and an extraordinary amount of gold – and in the coming years death and betrayal were linked to the infamous robbery. The first death occurred in 1985, when Kenneth Noye, recruited for his links to the smelting trade, stabbed an undercover detective John Fordham in his garden.

At the resulting trial, the jury found Noye not guilty of murder on the grounds of self-defence. He was on trial again in 1986 after police found 11 bars of gold at his home. He got a 14-year sentence.
The curse has hit many in the criminal underworld including Great Train Robber Charlie Wilson, who was gunned down at his Marbella home after £3 million of Brink’s-Mat money went missing in a drug deal.
"ONE of Britain’s most notorious gangsters was shot dead in his Rolls-Royce by a contract killer yesterday. George Francis, an architect of the £26 million Brink’s-Mat gold bullion robbery, was found with bullets through his head and heart.

Detectives were last night trying to discover if the villain was killed for ripping off one of the Brink’s-Mat robbers for their £5million share of the massive hoard. Francis, 63, was suspected of hiding three tons of the gold stolen from a Heathrow warehouse almost 20 years ago."

http://www.thesun.co.uk/sol/homepage/news/78535/Brinks-Mat-gangster-shot.html#ixzz2VxczHf9c
In 1996, Keith Hedley, a suspected money launderer, was shot dead by three men on his yacht off Corfu. Two years later, Hatton Garden jeweller Solly Nahome, who had helped move hundreds of gold bars, was also shot dead outside his home. Perry, who was jailed for handling gold, died after being shot three times in the head in South London at the age of 63 following his release in 2001.

And the same year, Brink’s-Mat gang member George Francis, 63, was gunned down at point-blank range in his car outside the courier business he ran in South East London. Three decades on, the hunt for the missing gold continues. And with a new generation of gangsters looking for it, police believe the death toll will rise.

Most of the bullion is believed to be buried, with only a few old lags knowing the whereabouts
http://www.mirror.co.uk/news/uk-news/the-curse-of-the-brinks-mat-gold-bullion-robbery-829220


Wednesday, June 19, 2013

The Frome Hoard

The Frome Hoard is a hoard of 52,503 Roman coins found in April 2010 by Dave Crisp near Frome in Somerset, England.

The coins were contained in a ceramic pot and date from AD 253 to 305. Most of the coins are made from debased silver or bronze. The hoard is one of the largest ever found in Britain, and is also important as it contains the largest group ever found of coins issued during the reign of Carausius, who ruled Britain independently from 286 to 293 and was the first Roman emperor to strike coins in Britain.
After being declared a treasure, the hoard was valued at £320,250 and shared equally between the finder and the land owner.



MBAC Fertilizer Corp - MBC.t

MBAC Fertilizer Corp - MBC.t is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets.

The company is focused on developing a new high-grade fertilizer production facility, the “Itafós Arraias SSP Project”.




On June 13, 2013 the company released News

MBAC Fertilizer Corp. (“MBAC” or the “Company”) (TSX:MBC and OTCQX:MBCFF) is pleased to provide a progress report on the completion of construction and the start up of operations for the Itafós Arraias Single Super Phosphate (“SSP”) Project (“Itafós” or the “Itafós Project”):
• Near completion of construction and at current trends the Company expects the construction to be completed in the next several weeks, consistent with its previous guidance. • Cost to completion has progressed consistent with previous capital cost estimates.
• The Company has produced and is stockpiling phosphate concentrate from the beneficiation plant and the Company is very pleased with the quality of the concentrate.
• The Company expects to be in a position to deliver SSP in July with the ramp up of operations to reach capacity by October 2013.
• Operations team is in place and involved with the plants’ commissioning.
• Sales volumes of SSP to date have increased from 35,000 tonnes in the previous update to 50,000 tonnes.
• The working capital needs of the Company, which is entirely for the operational phase as the Company begins to generate cash flow, are expected to be entirely funded through ordinary course working capital loans and other debt. The Company has recently received credit approval from Banco Votorantim S.A. for an initial working capital line of credit in the amount of US$10 million. The Company is also in advanced discussions with banks and other lenders to structure the balance of the working capital financing.
_________________________________________










Widget


Contact


RSS



http://pennystockjournal.blogspot.com/2013/06/mbac-fertilizer-corp-mbct.html