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

Financial Times - Small Cap Briefing


Silvermines comes out of its shell
By Simon Greaves
Published: February 5 2005 02:00 | Last updated: February 5 2005 02:00

Silvermines, the Aim-listed cash shell company, has agreed to acquire all the shares of Zhibek Resources, an oil company, with the issue of 40m ordinary shares at 5p each and 13.3m warrants.


The acquisition values Silvermines at 1.7m and Zhibek at 3m, based on the closing mid-market price of 7p per ordinary share on January 26 when the shares were suspended.

The arrangements include a placing through WH Irelandwith institutional and other investors to raise 2.25m in working capital for the enlarged group, which will comprise the oil and gas exploration and development assets of Zhibek, which mainly operates in Kyrgyzstan, central Asia.

Silvermines will also change its name to Cambrian Oil and Gas. The issue of the new shares represents 37 per cent of the enlarged share capital and the acquisition is a reverse takeover under Aim rules, requiring shareholder approval at an EGM on February 28.

"For a five-year period the new Cambrian Oil and Gas company will have exclusive first rights of refusal over all oil and gas deals emanating from Cambrian mining," said Paul McGroary, chief executive.

Silvermines shares put on 3p yesterday to 10p. Simon Greaves

morning dexter,
I dont know where these weekends go!!
Ive been looking at a few ofex companies, I had a quick look on www.ofex.com but not had the chance to look properly. If markusantonius is out there, he may know some good sites. Are you in on slv? I will see what the price is like tomorrow. Have you got a target in mind?
wilbs

wilbs,
i jumped in on friday, it jumped to 18p or so at the start but i waited until it settled and bought at 11p. target wise, i think it will be volitile so if it jumps to 18p again i`ll sell and dive back in again. IMO, this could be good for a bit of day trading for a while, that`s the plan anyway!. if you uncover any ofex gems could you let me know?
thanks,
dexter

up 16.67% by 8.25am!, up up and away for a quick profit.

Morning dexter,
You have picked out a good little in/out one there. I may get in if it drops a bit. Wish csh would release a bit of news.
wilbs

thats me in at 11p. There seems to be some big buys coming in at 12p+. Lets see some more upward movement. I Fancy some day trading on this.
wilbs

wilbs,
those 12p+ trades were the buys from earlier today, that must have been what pushed the price up at the start, i think the drop back is just mm`s playing, IMO it will rise again once it has settled a bit. good luck
dexter

Cheers dexter, wish you luck to.



wilbs

This the SLP rns from friday regarding their stake in SLV/ COIL.
Dexter.

For immediate release 4 February 2005

SILENTPOINT PLC

('Silentpoint' or 'the Company')

Update re. Investment in Silvermines Media plc ('Silvermines')

Silentpoint, the AIM-listed investment company, is pleased to note today's
announcement from Silvermines, a company in which Silentpoint currently has a
40.1 per cent. interest.

Highlights

* Silvermines to acquire Zhibek Resources Plc, part owned by Cambrian Mining
Plc

* Silvermines will comprise the oil & gas exploration and development assets
of Zhibek, currently located in Kyrgyzstan

* Silvermines' proposed change of name to Cambrian Oil & Gas Plc

* Silentpoint invests in placing of new shares alongside Cambrian Mining Plc

* Cambrian Mining Plc agreement to offer all of its potential future
opportunities in oil and gas interests to the Company in the first
instance.

Commenting on the proposed Acquisition, Smit Berry, Chief Executive of
Silentpoint PLC, said:

'Cambrian Oil & Gas will own interests in two compelling projects in the Krygz
Republic. The Beshkent Togap field contains an estimated 65 million barrels of
oil with upside potential to 76 million barrels and Zhibek will shortly start a
pilot workover program. There is also a licence (72%) in the Tash Kumyr region,
where the company has used seismic to identify five drilling prospects showing
good geophysical evidence of commercially viable oil and gas reserves.'

Haresh Kanabar, Chairman of Silentpoint PLC, added:

'Cambrian Oil & Gas has a focused strategy and the incoming management team
have been active in Kyrgyzstan for over five years and have established a
strong presence in the country through their early involvement. We believe that
the reversal of the business into Silvermines will deliver further benefits
which will enable it to maximize the full potential of the opportunities in the
resources sector.'

For further information:

Silentpoint plc

Haresh Kanabar, Chairman 07802 858893

Smit Berry, Chief Executive 020 8656 4648

Background

The announcement released by Silvermines includes details regarding the
proposed acquisition of the entire issued share capital of Zhibek Resources Plc
('Zhibek'), an independent oil and gas company operating in Kyrgyzstan, part
owned by Cambrian Mining PLC.

The proposed acquisition constitutes a reverse takeover for Silvermines
pursuant to the AIM Rules and is therefore subject to the approval of
Silvermines' shareholders at an extraordinary general meeting.

It is also proposed that the name of Silvermines be changed to Cambrian Oil &
Gas Plc and that trading in the enlarged share capital is expected to begin
during the first week of March (AIM: COIL).

Under the proposals, Silvermines will enter the field of investment in oil and
gas exploration and development, through the acquisition of Zhibek, the
existing business of which will be continued and developed. This will bring
with it not only the oil and gas exploration and production, but also a
continuing relationship with Cambrian Mining PLC, which, on implementation of
the proposals, has agreed to offer all of its potential future opportunities in
oil and gas interests to Cambrian Oil & Gas Plc in the first instance.

In addition, the announcement details that Silvermines has concluded a placing
which has raised 2.25 million, before expenses, for the enlarged company.
Silentpoint is pleased to report that it subscribed 100,000 for 2,000,000
shares in Silvermines pursuant to the placing, alongside Cambrian Mining PLC
which invested 500,000 in the placing.

Following completion of the transaction, Silentpoint will hold 11,280,000
shares representing 10.4 per cent. of the issued share capital of Silvermines
and 3,093,333 warrants.

morning dexter,
I see we have got the big spenders out today. 700 trade!! WOW!!!
seo are doing well.
wilbs

morning wilbs,
you must be laughing with SEO, i must admit i was hoping SLV would have been a little more lively, although i still think it is cheap and that it will jump when the name is changed.
dexter

dexter,
seo is doing great, alot of profit takers are jumping ship. Hopefuly more updates on other trials will be out soon. Do you know when the name change will take place?
wilbs

wilbs,
As far as i can tell, the new name will take effect from 1st of March, following their EGM on 28th Feb. What are your views on the prospects?, as i`ve said before it looks very very promising, and if there is`nt a jump before the EGM, i can see one just after IMO.
Dexter

dexter,
IMHO I think it may be one to tuck away for a while. I agree with you that the price may rise before the EGM and the name change but the price will be volatile as traders will be jumping in and out of any rises and drops.The company looks very promising.
wilbs

Found this on CBM website, i can`t remember if it was in the RNS. the article is dated 11/03/04, and they to drill low risk low cost within 12 months, that`s any time now!
dexter

********************
Cambrian Mining Plc Acquisition
11.03.04

Cambrian Mining Plc (Cambrian) has subscribed 391,370 for 5 million new ordinary shares in Zhibek Resources Plc (Zhibek) at a price of 7.8 pence each and 2 million options to purchase new ordinary share in Zhibek at an exercise price of 20p. This will represent 48.08% of the enlarged capital of Zhibek following the acquisitions below.

Zhibek has been created to pursue oil and gas exploration and production in Central Asia. Initial activities will focus on two projects in the Kyrgyz Republic. These projects have been chosen to provide early production and cash flow plus a low risk exploration opportunity where drilling is planned within 12 months.

The projects are being acquired from Action Hydrocarbons Limited (Action) which is an unlisted Australian public company and has held oil exploration interests in the Kyrgyz Republic since 1999. Under the proposed arrangement Action will assign its interest in 2 projects to Zhibek:

A water injection project on the Beshkent Oil Field on the southwest margin of the Fergana Basin, which is a major producing region in Central Asia.
An exploration license with a program leading to drilling of a series of wells on a mature prospect on the eastern margin of the Fergana Basin.
Zhibek will be led by Neale F Taylor (B.Sc (Appl Geology), MS (Pet Eng), MBA, FAICD). Neale Taylor has over 30 years technical, operating and commercial experience in oil and gas exploration and production, development planning, acquisition and joint venture management with Esso and Nexus Energy in Australia. He is a Non-executive Director of ASX listed Tap Oil Limited. He is a member of the Society of Petroleum Engineers and a Fellow of the Australian Institute of Company Directors.

It is planned to list Zhibek on AIM during 2004. Cambrian shareholders will be given priority in any issue.


--------------------------------------------------------------------------------

dexter,
I have just sent CBM an email, I will post it if I get a reply but wont hold my breath!!
Have you ever been on one of moneyAm's trading days?
wilbs

wilbs,
no i have`nt, i`ve only been trading as such for a about a year or so.
the trouble is anything that is going on usually means a long trek, ah the joys of living in the sticks!!.
dexter

dexter,
like yourself I have only been trading properly for just over a year. I want to learn more so think I will sign up. I just got an email from CBM saying they have recieved my querey and will reply shortly.
wilbs

two large T trades 900k and 1m i think are both buys, delayed fromjust before the price ticked up.
dexter

up up and away to the name change, then strap yourselves in!!!