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London Mining - premium grade iron ore assets with decent funding (LOND)     

cynic - 07 Nov 2009 08:36

the following is paraphrased from Shares Mag - 5/11/09 page 38
http://www.londonmining.co.uk

LOND joined AIM on 6/11/09 and already holds $230m cash.
That said, its future projects will require serious swathes of further cash, even with relevant gov'ts putting hands in their own pockets.

Sierra Leone will be first project to come on stream in mid/late 2011, all being well ..... Expect regular updates during 2010
Saudi feasibility study expected by end 2009, but likely to be another very significant project ..... funding will be required (about $1bn), but targetted to start production in 2013
Greenland has the largest prospective asset, with production scheduled for 2014 ..... difficulty here will be the extreme weather conditions as deposit is close to Arctic Circle
China - although the CEO reckons this as the true prize (blending several small sites into one), this is all very much up in the air at time of writing.

Chart.aspx?Provider=EODIntra&Code=LOND&S

Nar1 - 10 Oct 2014 08:54 - 34 of 39

Making a come back ?? Even tho we all been told we may have nothing ?

Not invested but been watching tho

gibby - 10 Oct 2014 09:26 - 35 of 39

crazy - just pis gambling - wouldnt hold too long if i were them lol

gl to anyone who is in though

Nar1 - 10 Oct 2014 09:31 - 36 of 39

Crazy but people still at it driving up the SP

irlee57 - 10 Oct 2014 15:18 - 37 of 39

shares suspended

mitzy - 10 Oct 2014 15:38 - 38 of 39

Oh dear.

gibby - 10 Oct 2014 15:52 - 39 of 39

as expected kaput....................

RNS Number : 0438U

London Mining Plc

10 October 2014

London Mining Plc

Quoted on London AIM (LOND)

("London Mining" or the "Company")

10 October 2014

strategic process update

London Mining Plc (the "Company") announces that the only strategic investors now remaining in the process are those whose proposals are not expected to contemplate the continuation of London Mining Plc, the listed legal entity, as a going concern. As previously announced, discussions were ongoing with potential strategic investors about structures which the Board believed would result in little or no value in the equity of the Company but the discussions with the investor which might have resulted in little value in the equity have ended. As a consequence the Directors have requested the immediate suspension of the trading on AIM of the ordinary shares and trading on Channel Islands Securities Exchange of the convertible bonds. It is anticipated that further funding in to the Sierra Leone operation and potentially other development assets would be provided by a strategic investor if the discussions are successful.
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