25 May 2012

People: Dancing to a new tune

15/06/2011 Robert Tyerman

Oliver Vaughan, chairman of Central Asia gold and silver play CAMAR, brings an unusually wide range of business experience to the challenge of raising funds for this hitherto PLUS-quoted concern. CAMAR has been considering tapping investors for up to £5 million and even moving to AIM to develop a project in Tajikistan holding an estimated five to 10 million oz of gold, spurred on by Swiss-based fund manager Peter Zihlman, whose Timeless fund is a key CAMAR shareholder.

One CAMAR selling point is that the Tajik government, as wooed by Vaughan and colleagues, is 51 per cent partner in the project, which he argues should reduce the political; risk. It is all a far cry from Juliana’s nightclub and discotheque, which Vaughan founded back in 1966 and built into a worldwide leisure chain, with more than 160 outlets.

Companies which Vaughan has in the past helped to float include Pizza Express, Evolution Group, Regent Inns and ill-starred Redstone Telecom, which needed rescue funding last year.  He is particularly enthused by this latest mining ploy.   

Tags: CAMAR, PLUS Markets

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