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

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. "

Amazing recovery from the disappointment of the Oct news: