Thursday 27 September 2012

Daniel Stewart Securities in Profit and Growing

 Daniel Stewart Securities remained profitable in the year to the end of March despite the economic environment showing little improvement.

The investment bank saw revenues increase to £8.8m from £8.4m but after-tax profits fell to £0.5m - down from £1.0m a year ago.

The group says liquidity remains strong and it had cash at its year-end of £1.1m.

And it said that assets under management within its retail and wealth management division doubled to in excess of £250m (up from £125m).

Group chief executive Peter Shea said: "We are very pleased to have returned a profit during these most difficult times. 

"We have been focussed on the delivery of a quality service to our clients throughout and this has provided us with a positive result.

"Daniel Stewart is in good shape despite the prevailing economic malaise. 

"We have adapted and changed our business, adding new distribution channels, developing overseas partners and establishing our own presence in Asia. 

"We have launched innovative products and maintained our position as a leading adviser to UK small and mid cap corporates and investors.

"Additionally we have made significant developments in our wealth management business and have seen a dramatic rise in our assets under management, as well as improving volumes across our entire retail market product range.

"The economic environment has shown little improvement as far as small and mid caps are concerned and business generation remains challenging. 

"However, we expect that in the near term at least, much of ourcorporate work will be generated from overseas, providing us with a decent pipeline of opportunities."

Wednesday 26 September 2012

Atlantic Coal Edge Closer to Significant Portfolio Expansion with Lease Extension Awarded on Pott & Bannon Anthracite Mine


Atlantic Coal plc 
Extension of option over Pott & Bannon anthracite mining property

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce that it has entered into an extension of its lease option agreement ("the Lease Option") with Reading Anthracite Company ("RAC"), an established operator in Pennsylvania's anthracite coal industry, over the fully permitted 410 acre Pott & Bannon anthracite mining property in New Castle Township, Schuylkill County, Pennsylvania.  Further details of the Lease Option are contained in the announcement made by the Company on 3 January 2012.

The extension has been agreed without Atlantic Coal being required to make any further payments to RAC.  Atlantic Coal now has until 27 March 2013 in order to exercise the Lease Option. The US$250,000.00 escrow payment made by Atlantic Coal to RAC in January 2012 remains held in an escrow account and is repayable to Atlantic Coal in the event that it does not wish to exercise the Lease Option.

Atlantic Managing Director Steve Best said, "I am pleased that we have been able to agree an extension to the option over the Pott & Bannon mine. This extended period will enable us to complete our due diligence to a high standard and importantly we are making good progress in that regard."

Wednesday 19 September 2012

Brazilian Gold Massive 43% Increase in Indicated Resources at the Flagship São Jorge Gold Deposit , Northern Brazil


Brazilian Gold

Massive 43% Increase in Indicated Resources at the Flagship São Jorge Gold Deposit , Northern Brazil

Brazilian Gold is pleased to report the updated NI43-101 compliant mineral resource for the São Jorge gold deposit that includes 14,230,000 t grading 1.18 g/t gold (541,000 oz) in the indicated category and 27,810,000 t grading 0.68 g/t gold (611,000 oz) in the inferred category at a 0.3 g/t cut-off. The estimate incorporates an additional 14,393 m (38 holes) of diamond drilling completed by Brazilian Gold in 2011 as compared to the previous estimate that was based on 22,762 m (110 holes) of diamond drilling  completed by the previous operators.
BGC now has a total Indicated Resource of 541,000 Ounces Grading 1.2 g/t Gold and Inferred Resource of 1,497,000 Ounces Grading 0.8 g/t gold at a 0.3 g/t cut-off on Three Projects in Brazil

Highlights

- Indicated ounces have increased by 43% (partly reflecting an 18% increase in indicated grade)  when compared to the previous resource estimate in the 2011 Preliminary Economic Assessment (PEA) by Coffey both of which were reported at a 0.3 g/t gold cut-off.
- At a 0.5 g/t gold cut-off grade, the indicated gold grade increases to 1.40 g/t gold (Table 1) with a total of 465,000 contained ounces.

- Inferred ounces have increased 9.5% (partly reflecting a 35% increase in tonnage) when compared to the 2011 PEA.

- Selective mining of internal waste in the deposit and diverting this tonnage to a surface stockpile may result in an increase in the head grade delivered to the process plant.

- Potential robust operating margin suggested by the insitu metal value of US$67/tonne (indicated resource grade of 1.18 g/t and gold price of $1,765/oz) and the 2011 PEA operating cost of US$16.36/tonne; (note mineral resources that are not mineral reserves do not have demonstrated economic viability).

- An untested 1.5 km long resistivity +/- chargeability anomaly southeast of the São Jorge deposit is similar to the geophysical signature over the deposit suggesting potential to find additional zon es of gold mineralization to the southeast; potential to find new gold deposits on the largely unexplored São Jorge property is considered excellent.

  To view IP map, please visit the following link:
  http://www.braziliangold.ca/email/20120919-1/Sao-Jorge-IP-Interpretation.jpg

- Strong mineral inventory growth on our three most advance stage projects—São Jorge, Surubim (Jau) and Boa Vista (VG1);

Please find attached full story of this news release.

Brazilian Gold Corporation
595 Howe Street, Suite 308
Vancouver, BC V6C 2T5
Tel: 604 602-8188
www.braziliangold.ca
TSX.V Symbol: BGC

Tuesday 11 September 2012

Alex Stewart International’s Awarded LPPM Affiliate status



 PRESS RELEASE 
12th SEPTEMBER 2012 
Alex Stewart International is delighted to announce that the LPPM Management Committee have approved Alex Stewart International’s LPPM Affiliate status, which is effective from 10th September, 2012. 
Mr. Alex Stewart, Chairman and CEO of the ASIC Group said, “I am delighted that we are now affiliated with the well respected and connected LPPM”. Mr. Andy Smith, Precious Metals Group Business Executive for ASIC commented, “We pleased to be able to provide all LPPM members with a world class service for both inspections and analysis.” 
For further information about Alex Stewart’s inspection and analysis services to the precious metal industry please contact andy.smith@alexstewartinternational .com