Any news or rumours?

I think the below is very encouraging. They are clearly aware of the time constraints to get a deal done in accordance with the AIM rules and it looks as though they have more than one venture they are seriously considering. In addition their losses have been reduced dramatically.

I hope this happen soon


Chairman's Statement
In January 2009, in response to the downturn in global financial markets, your
directors took the decision to dispose of the operating assets of Carlton
Resources Plc ("Carlton" or the "Company") and to re-classify it as an
"investing company" pursuant to Rule 15 of the AIM Rules. The Company's
investing strategy, as approved by its shareholders at the EGM held in January,
was established as being the acquisition of minority or controlling interests in
a number of privately held or publicly listed resource projects in Africa. In
order to ensure that the Company was able to take advantage of opportunities in
a wide variety of minerals sectors, it was decided that the projects in which
the Company invests would not be limited to any single resource.


Pending the making of a suitable acquisition, in February 2009 the Board put in
place a cash preservation strategy to minimise expenditure by the Company. The
directors further agreed to forego any salaries or directors' fees until such
time as the Company had acquired new operations. Subsequently, in June 2009, the
Company raised approximately GBP400,000 to cover working capital requirements
and to meet certain outstanding liabilities. The Board has been successful in
preserving the large majority of this cash.


Throughout this period, and in the subsequent months to the date of this report,
the directors of the Company, all of whom have experience in operating and
investing in resource projects in Africa, have considered and evaluated numerous
opportunities with a view to identifying and pursuing new businesses with the
potential to add value for shareholders. In many cases, the evaluation of those
opportunities has progressed to a relatively advanced stage of due diligence.
The Company is confident of being able to announce a suitable acquisition
shortly (and in this respect your directors are fully aware of the requirements
for investing companies under the AIM Rules in terms of the timeframe to acquire
new operations). Rest assured that your Board is working tirelessly in this
regard and looks forward to bringing you positive news as soon as possible. As
you would appreciate, given that any such transaction will constitute a "reverse
takeover" for the purposes of the AIM Rules, there is a significant amount of
work to be done in meeting the various regulatory and other requirements and
preparing the necessary transaction documentation.


Finally, I would like to thank you for your patience and continued support in
what has been an extremely challenging period for your Company. The Board joins
with me in reinforcing the total commitment of your directors for Carlton to
emerge from this phase with a fresh outlook, an exciting project capable of
delivering significant value to shareholders, and positive prospects for the
future.