Homeserve 08/02/2012
Home maintenance and emergency repairs concern Homeserve has warned that its reduction in customer numbers is 3% higher than expected.
GGG Resources
HOLD
GGG Resources has increased its estimate of inferred gold resources at Bullabulling in Western Australia 450% to 1.98m oz.
The AIM-quoted company, formerly Central China Goldfields, says it can move this estimate, at a low potential grade of 1.5 grammes of gold per tonne of ore, from the tentative inferred category to the more confident measured and indicated categories by twinning 'a number of historic drill holes'.
Last month GGG, steered by managing director Dr. Jeffrey Malaihollo, raised £1.12m at 3.8p from resources investor Baker Steel Capital Managers and others to develop the Bullabulling project.
Highlighted by Growth Company Investor at the time at 4.10p, the shares, once 19.12p in the company's former China-oriented heyday, have now reached 5.63p.
Hold on.
Market cap: £12.8m
PE Forecast: n/a
Share price: 5.63p
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