Sareum’s positive research will attract potential development partners - analyst | IBTimes. Victoria Oil & Gas employees and suppliers take equity in lieu of cash. 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.
It is also notable that these prices represent a premium to the stock’s current market value of 4.6 pence. VOG also announced that 30.6 million new shares have been allotted to certain of its advisers and suppliers in lieu of cash payments. Victoria Oil & Gas is by no means cash strapped. It is fully funded through to first gas from its flagship Logbaba project in Cameroon.
Cambridge News | Business | Entrepreneurs | Tenfold growth in two months. 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. Tim, a computational chemist, says he learnt his trade with SmithKlineBeecham, mainly in antibodies, and then Alan Marchington’s company Cambridge Combinatorial, which was bought by Millennium.
“That very nearly worked,” Tim says. “Then the cold winds blew. Definitely one to watch. Home Channel | Digital Look. Stockbroker - Small Companies Investment Advice - Online Stock and Share Dealing - HB Markets PLC. Hedge Fund Letters Blog - Increasing Hedge Fund Transparency. TMF: Paulypilot's Pub - Share Ideas. SharesPost - We make private equity liquid. Buy or sell privately held stock. THE Secondary Market for Alternative Investments including Auction Rate Securities, Bankruptcy Claims, CDOs, LP Interests, MBS, Private Company Stock, Warrants, Restricted Stock and Whole Loans - SecondMarket. Investopedia.com - Your Source For Investing Education. Forums. The Motley Fool Discussion Boards. Blinkx Plc: LON:BLNX quotes & news - Google Finance. Central Rand Gold Limited: LON:CRND quotes & news - Google Finance. Where are Penny Shares Traded?
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. Some companies may be listed on the London Stock Exchange's (LSE) Main Market - what most people would identify as 'the UK stock market'. The main market differs from AIM in that the company would need a minimum market capitalisation as well as having a minimum of 25% of its shares in the public domain.
Under the umbrella of the main market are a number of individual groupings for special sectors such as techMARK™ - the market for cutting edge technology companies. A further market where Penny Shares may be traded is on the Off Exchange (OFEX). Next: Why Trade Penny Shares? South Africa’s AMD/wastewater is ‘mineable’ – Turton. 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. Last year, environmental solutions developer Earth Metallurgical Solutions (EMS) reported that it had successfully recovered metal nitrates from AMD. Turton tells Mining Weekly Online in a video interview that one of the key problems in the current AMD thinking is that the acidic water volumes are too small to be economic.
But by combining the AMD and sewage water streams, volumes may be increased to a point of providing economic viability. Edited by: Creamer Media Reporter.