Editor’s Note: Related tickers: Coms plc (LON:COMS), LENI GAS & OIL PLC (LON:LGO), Condor Gold PLC (LON:CNR), Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT), NTT DOCOMO INC COM SHS NPV (LON:NDCM)
What Is Coms plc (COMS) Really Worth? (InsiderMonkey)
Coms plc (LON:COMS) has had a wild ride on the London markets over the past few days, rising by more than 270% since since last Friday, when the Internet-based telephony provider announced in a press statement that it had “signed a contract to sell broadband and lines to an outsourcing company with turnover of over £2.0 billion,” though the client company has not been named. According to its release, Coms plc (LON:COMS) expects the contract to be worth at least £15 million for the next two years, and CEO Dave Breith said that, “represents our largest contract win to date,” adding that it will feature Coms’s “scale capabilities across different product lines.” …More pertinently, Coms plc (LON:COMS) is more expensive than some of its peers in the telecom services industry, like Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT), and NTT DOCOMO INC COM SHS NPV (LON:NDCM), for example.
LGO operating losses fall (StockMarketWire)
LENI GAS & OIL PLC (LON:LGO) posts pre-tax loss of £7.71m for the year to the end of December – up from £3.91m in 2011. LGO says this was mainly attributable to the loss on the disposal of the Gulf of Mexico (£4.7m) and the Malta (£1.8m) assets and gross profits rose to £1.09m from £1.06m a year ago and operating losses fell to £1.3m from £2.2m. Executive chairman David Lenigas said: “As expected 2012 was a transformational year for LGO with a planned major shift in emphasis on to growth in production and future value in Trinidad. The year also presented a number of major challenges as some of the expected M&A transactions failed to materialise and market support was poor.
Leni Gas & Oil FY Loss Widens – Quick Facts (RTTNews)
LENI GAS & OIL PLC (LON:LGO) announced that the Company’s audited Annual Report and Accounts for the year ended 31 December 2012. Loss for the year attributable to equity holders of the parent widened to 7.78 million pounds from 4.07 million pounds last year. On a per share basis, net loss was 0.54 pence, compared to a loss of 0.43 pence in the previous year. Loss before taxation for the year widened to 7.71 million pounds from 3.91 million pounds in the prior year. Revenue for the year was 3.35 million pounds, compared to 3.42 million pounds in the prior year.
Condor Gold kicks off drilling on Central Breccia of Nicaragua project (ProActiveInvestors)
Condor Gold PLC (LON:CNR) has kicked off a 2,000 metre drilling campaign aimed at establishing a maiden resource of the Central Breccia of its La India Project in Nicaragua. It will also test areas near its main target to identify further gold-bearing breccia systems. The Central Breccia had some of the best drill results last year including 45.8 metres at 4.24 grams per tonne of the precious metal and 13.7 metres at 6.7 grams. The mineral resource for La India currently stands at 2.38 million ounces gold at 4.6 grams per tonne.
PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day (Nasdaq)
Russia, Turkey, Kazakhstan Increased Gold Holdings Before Fall -IMF Russia, Turkey, Azerbaijan and Kazakhstan boosted their gold holdings in March, in a bet on a long-term appreciation in the precious metal’s price just before it slumped by more than $270 an ounce. Condor Gold PLC (LON:CNR) 10-Hole Geotech Drilling at La India Project Condor Gold PLC (LON:CNR), a gold exploration company, said Thursday it has started a geotechnical drilling program of ten drill holes for 1,700 meters on its 100%-owned La India Project in Nicaragua, open pit resource.
Condor Gold, Mwana Africa plc, Ncondezi Coal, Orogen Gold and others feature in Fox-Davies Newsflash (ProactiveInvestors)
…Condor Gold PLC (LON:CNR) announced that it has commenced a geotechnical drilling programme of ten drill holes for 1,700m on La India open pit resource. The current 1,700m of geotechnical drilling is designed to test the competency and strength of the host rock and determine the optimal pit angles for the La India open pit resource. The Preliminary Economic Assessment (PEA) identifies an open pit containing 800koz gold at a 40-42 degree pit angle resulting in a cash cost of US$682 per oz. Sensitivity analysis on the pit slope angles has shown that by steepening the pit angles to 50 degrees, the cash costs to produce an 800koz gold pit reduces by 18% to US$558 per oz due to lower strip ratios.
