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Sareum’s ( LON:SAR ) recent success with studies into leukemia and solid tumours - and its subsequently strong share price - will draw the attention of potential development partners, according to Hybridan Capital. In February the junior biotechnology firm was catapulted into the spotlight after it revealed the positive findings from a pre-clinical model study into leukaemia. A month later it followed this up with more positive findings from a separate pre-clinical study on the company’s Chk1 compound for colon cancer.
Employees and suppliers of Victoria Oil & Gas ( LON:VOG ) appear to be very willing to take their salaries and cash payments in VOG shares. The Cameroon-focused gas producer announced today that nearly 4 million shares have been allotted to certain directors and employees in lieu of cash salary for the six months to 31 January 2011 at a weighted average month-end market price of 5 pence per share. Another 300,000 shares were allotted to an employee for the period from 1 February to 31 May this year at a weighted average market price of 5.1 pence per share.
SAREUM’S SECRET TO SUCCESS: Company founders, Tim Mitchell, left and John Reader have taken ‘“drastic” action and the firm is now worth £30m ‘Head for the tall chimney,' said Tim Mitchell, one of the founders and chief executive of Sareum, a remarkable little company which has increased its worth tenfold this year. The chimney was once part of the tannery which used to fill a considerable space at Pampisford where, today, there are all sorts of businesses, shoulder-to-shoulder in what is more industrial estate than science park. Sareum is there, close to the chimney, and just Tim and co-founder John Reader in a single office, they long ago became a virtual company, shedding three dozen staff one way or another.
Blinkx Plc is a holding company. The principal activity of the Company, along with its subsidiaries, consists of the provision of video search and advertising services on the Internet. The Company operates a global Internet business. Its products include blinkx 3D, blinkx.com, blinkx AdHoc, blinkx AdHoc BT, blinkx Advanced Media Platform, blinkx Beat, blinkx Brasil, blinkx Embeddable Player, blinkx Internet Explorer 8 Add-ons, blinkx it, blinkx Mobile Video Search, blinkx Red Label, blinkx Remote, blinkx Remote for Kids, blinkx Video Wall, Cheep and Video SEO. The Company's subsidiaries include blinkx UK Limited, blinkx, Inc, Burst Media Corporation, Prime Visability Media Group, Inc and blinkx (Canada), Inc.
Central Rand Gold Limited’s (CRG) is a holding company. The Company is engaged in gold mining and exploration. The Company focuses on gold prospecting and mining in the Central Rand Goldfield of South Africa. Its principal operating subsidiary, Central Rand Gold South Africa (Proprietary) Limited (CRGSA), is 74% held by Central Rand Gold Netherlands Antilles NV, which itself is wholly owned by the Company.
Penny shares in the UK may be traded on one of a number of markets or trading facilities. The most favorable place for penny shares to be listed is on the Alternative Investment Market (AIM). This is a market which opened in 1995 specifically to give smaller, younger companies access to the public markets and helps to increase their profile and credibility as well as making it eligible for a number of tax benefits.
JOHANNESBURG (miningweekly.com) – Consideration should be given to studying the economic feasibility of “mining” South Africa’s problematic acid mine drainage (AMD) and wastewater for metals, minerals, salt and even hydrogen, says Touchstone Resources director Dr Anthony Turton . Turton is a protagonist not only of “mining” AMD, but also the water in sewage works and obtaining phosphate, which is crucial for food security, as a byproduct. “Sewage works can start becoming phosphate mines,” he says.