this might be worth a look , read the RNS from this morning.

Silvermines Media PLC
04 February 2005


For immediate release: 4 February 2005


Silvermines Media Plc
('Silvermines' or 'the Company')

Proposed Acquisition of Zhibek Resources Plc
Approval of waiver to be granted by the Panel on Takeovers and Mergers
Proposed change of name to Cambrian Oil & Gas Plc
Placing of 45,000,000 Ordinary Shares of 1p each at 5p per share
Proposed issue of Warrants
Silvermines to hold Extraordinary General Meeting on 28 February 2005


Key Highlights

Silvermines has conditionally agreed to acquire the entire issued share
capital of Zhibek in consideration for the issue of 40,000,000 Ordinary
Shares at 5p each and the proposed issue of 13,333,333 Warrants

At a closing mid-market price of 7.5p per Ordinary Share on 26 January
2005, the date on which the Ordinary Shares were suspended from trading on
AIM, the acquisition values Zhibek at 3 million and Silvermines at 1.7
million

Placing through W.H. Ireland to raise 2.25 million gross (1.95 million
net) for working capital for the Enlarged Group

Proposed change of name to Cambrian Oil and Gas Plc

Under the AIM rules, the acquisition constitutes a reverse takeover and
requires shareholder approval at an EGM

The Directors and major shareholders, representing approximately 69 per
cent. of the existing Ordinary Shares in Silvermines, have irrevocably
undertaken to vote in favour of the proposed Resolutions

Enlarged Group will comprise the oil and gas exploration and development
assets of Zhibek, currently located primarily in the Kyrgyz Republic

Full details of the Proposals are attached

Copies of the Admission Document posted to Shareholders today are available from
W.H. Ireland, 26 Bennetts Hill, Birmingham B2 5QP. Suspension of the existing
Ordinary Shares is expected to be lifted following publication of this
announcement.



For further information please contact:

WH Ireland Silvermines Media PLC Parkgreen Communications
Tim Cofman-Nicoresti Paul Mc Groary, Chief Executive Justine Howarth / Victoria Thomas
+44 (0) 121 665 4615 +44 (0) 7930 568 160 +44 (0) 20 7493 3713

Silvermines Media PLC
28 February 2005



Silvermines Media PLC

28 February 2005



Result of Extraordinary Meeting



Silvermines Media PLC (AIM: SLV), a company admitted to trading on AIM on 15
July 2004 to seek acquisition and investment opportunities, is pleased to
announce that all of the resolutions put before the Extraordinary General
Meeting today were duly passed.



Accordingly, the 45,000,000 Placing Shares and 40,000,000 Consideration Shares
have been conditionally allotted subject to Admission, which is expected to
occur at 8.00am on 1 March 2005 and the Company's change of name to Cambrian Oil
& Gas Plc will become effective at that time.



Upon Admission, the members of the Concert Party will own approximately 45.8 per
cent. of the Company's issued ordinary share capital (assuming members of the
Concert Party do not exercise any Warrants or Options). If all such Warrants and
Options were exercised the members of the Concert Party could be interested in
up to 53.8 per cent. of the further enlarged share capital of the Company.



Full details of the Proposals were set out in the Admission Document to
shareholders dated 4 February 2005. The definitions in the Admission Document
also apply to this announcement.



For further information please contact:


Cambrian Oil & Gas Plc
Neale Taylor 0207 493 7671
Paul Mc Groary, Non-Executive Director (former Chief Executive of Silvermines 07930 568 160
Media PLC)

W.H. Ireland
Tim Cofman 0121 616 2101

Parkgreen Communications
Justine Howarth/Victoria Thomas 0207 493 3713

There is some large trades, buys and sells, going through today, tomorrow IMO it will be noticed a lot more with the name change.
Dexter

this was posted on the other side by someone who went to the EGM.

*************************
Went to the EGM today. As you know all resolutions passed. Neale Taylor outlined the strategy going forward which is prety much the same as identified in the admission document

1. Water injection project which now thay have cash will move over the next few weeks. Bear in mind this is experimental and there may be disappointments (my words here). It is purely to demonstrate good coopoeration with the Kyrgyz companies and if successful will generate some early cash flow.
2. Exploration. The seismic will carry on in the Karragunda area. Don't expect results from that for some weeks.
3. Corporate. There is some deal being workd on with a Russian private company. Discusssions etc proceeding.

Also remember any oil projects that come Cambrian's way are being passed to COIL for first refusal. Because they operate now in so many places and have an excellent reputation, you should expect something to come from this. Effectively this could be global.

I guess we will see some news within the month.

this should be interesting tomorrow!, let`s see what the market makes of another E&P co. with some prospects!

Silvermines Media PLC
01 March 2005


Silvermines Media PLC (the 'Company')
1 March 2005


First Day of Dealings of Enlarged Share Capital on AIM
Acquisition of Zhibek Resources Plc
Change of name from Silvermines Media PLC to Cambrian Oil & Gas Plc

Silvermines Media PLC (AIM: SLV), to be re-named Cambrian Oil & Gas Plc (AIM:
COIL), a company admitted to trading on AIM on 15 July 2004 to seek acquisition
and investment opportunities, is pleased to announce its first day of dealings
on AIM today following its acquisition of Zhibek Resources Plc ('Zhibek').

The Company announced on 4 February 2005 that it had conditionally agreed to
acquire the entire issued share capital of Zhibek (including all outstanding
convertible securities) in consideration for the issue of 40,000,000
Consideration Shares and 13,333,333 Warrants. As of 26 January 2005 (being the
date on which Ordinary Shares were suspended from trading on AIM) the closing
mid-market price of an Ordinary Share was 7.5p, valuing Zhibek at approximately
3 million and Silvermines at approximately 1.7 million.

The Company has also raised 1.95 million, net of expenses, by way of a Placing
of 45,000,000 Placing Shares, undertaken in order to provide working capital for
the Enlarged Group.

Dealings in the Enlarged Share Capital consisting of 23,115,000 existing
Ordinary Shares, 45,000,000 Placing Shares and 40,000,000 Consideration Shares
commence on AIM today.

Commenting on the successful completion of the Acquisition and Placing, John
Byrne, the Company's Non-Executive Chairman, said:

'The formation of COIL now enables Zhibek to develop its strategy of oil and gas
exploration, development and production, both internationally and particularly
in the Kyrgyz Republic. It is a very exciting time for us as we continue the
development of the initial two projects - Beshkent Togap and Tash Kumyr - and
look forward to reporting our progress in the near future.'

Full details of the Proposals were set out in the Admission Document to
shareholders dated 4 February 2005. The definitions in the Admission Document
also apply to this announcement.

For further information please contact:

Cambrian Oil & Gas Plc
Neale Taylor, Chief Executive 0207 493 7671
Paul Mc Groary, Non-Executive Director 07930568160
(former Chief Executive, Silvermines Media PLC)

W.H. Ireland
Tim Cofman 0121 6162101

Parkgreen Communications
Justine Howarth/Victoria Thomas 02074933713

I know this is`nt a fortune, but it still shows confidence IMO.
**********************
Silvermines Media PLC
01 March 2005


Silvermines Media PLC (the 'Company')
1 March 2005


Directors Dealings

The Company has today been notified that Mr Paul Mc Groary, a Non-Executive
Director of the Company, together with his wife, Tipakorn Anuvatnujotikul have
today purchased 54,000 ordinary shares of 1p each in the Company at 9.25p
('Ordinary Shares').

FYI....these guys own Eyeconomy who is part of..GMC....spivvy?????

proptrade,
in english please!!
dexter

sorry...

paul mc groary and wife also own a 29.99 stake in Eyeconomy which in turn is part owned by Game Corp (GMC). GMC is the stock that has been massively ramped the last 2 weeks.

My point is that there may be something a little collusive behind the scenes and these characters are out for a quick buck in the next red hot sector of the week.

just beware is the point, nothing more spureous but these guys are the antithesis of Buffet if you know what i mean. we are the small guys who know nothing.

thx for the email by the way...

rgds
PT

thanks proptrade,
are you a holder at the moment,or sitting and watching etc.?
dexter

watching at the moment. micro caps like these tend to be boom, static forever or bust. virtually all are in the last two categories but this may have potential....

i know it is risky, but the thing that gives me a little confidence is the tie in with the state oil co., it`s not hot air like most of these types of co., just my opinion though.
dexter

Just seen this thread. Am I reading this correctly, Silvermines is/was a cash shell that has taken over Zhibek Resources and the acreage that they had. Zhibek is in tow with the state oil co and they have licences to drill in Kryzg?

Also, this Mc Groary guy has something to do with this and GMC as we know. Seems to be a strange change if so, online gaming to drilling for oil in a pretty hostile part of the world. Or am i reading this all wrong?

and not only that this was a media buying shell before they decided that oil was the way to go. i like the cambrian tieup but they are as spivvy as they come as well. the thing is you could argue that Asia Energy (AEN) was the same kind of call but look at it now. (they are 28% owned by cambrian).

all highly speculative. if i do anything it will be a quarter of my usual investment size and immediately written down to zero.

gavdfc,
i like your summary!, McGroary was the CEO of Silvermines Media, which would be sort of in line with him being with GMC. Now he is only a non-executive director after resigning this morning, which was part of the package of the takeover of Zhibek
Dexter

Prop.

As to AEN, they have that massive coal field in Bangladesh so at least they have something to go on. Would also account for the strength of CBM. I know some of the brokers notes on AEN are intersting to say the least. So media, online gaming and now drilling! Certainly is one to watch! But i think highly speculative is an understatement!

Dexter.

Thanks. Kryzg is a pretty hostile place to drill. I hold a tiny mining comp that is drilling out there for gold and the weather is a bugger for delays! I would say that the political climate is pretty hostile as well. If i remember correctly, companies operating in the north of the country have to pay something to the Govt in a way of royalties, but this doesnt apply in the south. Not sure if the same would apply here as this is for oil and not gold. The tie in with the Govt does sound a bit promising though, although it may put some off.

Definitely an interesting little play that could rise sharply on sentiment though. Will sit here on the sides and just watch just now.

fair enough. my point about cambrian was that it could be a spurious tie up but equally could go the way of AEN. i know you got that point but i wanted to reiterate it anyway!

Prop, yes I did get your point re Cambrian and Asia, and yes you're right, it is possible that something good could happen here, time will tell. Apologies if I didn't make that clear in my post. The thing is with something at this early stage is it's impossible to know whats going to happen. Riches could be earned for those who go in early enough in the very early days. But what should be of concern is the amount of small caps coming to Aim now. These cash shells hoping to do the deal of all deals, is this just another one?

Forgot to add this, an interesting article.

http://www.thisismoney.co.uk/news/article.html?in_article_id=398429&in_page_id=2

Business Financial Newswire
"Australian miner Sylvania Resources' acquisition by Finnish group Ruuki has been called off.

Sylvania says the deal was terminated by mutual agreement due to difficulties experienced with implementation of the merger. No break fee is payable by either party.

The company is looking at possible alternatives for cooperation with Ruuki in its platinum group metal business and discussions are at a preliminary stage.

It says it is continuing to pursue its long-term goal of gaining access to downstream platinum-processing capacity in order to expand its low cost tailings retreatment and near surface PGM mining model.

Sylvania is seeking to treat low-grade PGM concentrates which cannot be economically processed by existing AC smelters, freeing value from a range of resources such as those recently acquired through its acquisitions of Great Australian Resources and SA Metals. "