Big increases in resources and reserves claimed by Australian gold hopeful Perseverance Corporation for its Fosterville mine Down Under has brought renewed cheer for AIM-quoted Palmaris Capital, which has a 10.7% stake in Perseverance, whose shares have risen nearly 40% in the past six weeks.
Peru-focused mining star Monterrico Metals, headed by ex-Rothschilds mining financier Chris Eager pleased fans with its new alliance with Absolut Resources to explore for gold and other precious metals together around its existing Carisla and Pico Machay projects.
A junior mining company which makes real profits is a rare specimen in today's markets. Most subsist on exploration possibilities in remote places, hope and repeated cash injections from impatient shareholders.
Private & Commercial Finance has been one of the most consistent performers among our Company Watch recommendations over the past 18 months. Touted as a 'Buy' at 55p in June 2001, the shares have been as high as 86.5p this year, and currently rest at 70p. If recent developments are anything to go by, the price should soon attain, and surpass, its recent heights.
The final element in the transformation of Allen, the diverse scaffolding-to-building contracting company, into the renamed Speedy Hire, should be in place within the next few months. That will leave the new brooms, including John Brown who became chief executive in February, free to concentrate on expanding the core business ? the fast-growing hire services operation.
Steel galvanising does not sound the sort of thing that, well, galvanises investors.
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