dexter01
- 15 Feb 2005 10:09
Zareba floated on AIM on 14/02/05, it looks to have huge potential.
Dexter
****************************
ZAREBA issued on Monday 14th February: size of offer 1.5M
Name Number of Ordinary Shares Percentage of issued share capital following Admission Brian Moritz 10,000,000 5.0% John Woolgar 5,000,000 2.5% James Burgess 10,000,000 5.0% Jo Malins 10,000,000 5.0% FGL Asset Management Ltd 10,000,000 5.0% RAB Energy Fund Limited 10,000,000 5.0%
Business:
Making investments in the mining and minerals sector in Australasia, Africa and the former Soviet Union
****************************
Saturday February 12, 1:22 AM
Zareba To Acquire Uranium Asset Within A Month - Sources
By Sarah Thompson
Of DOW JONES NEWSWIRES
ADVERTISEMENT
LONDON (Dow Jones)--Zareba, due to make its debut on London's Alternative Investment Market Monday, will make a significant acquisition within a month, people familiar with the deal told Dow Jones Newswires.
The U.K. mining shell is to announce the purchase of a "huge" uranium asset in Australia, the sources said.
Zareba has been established for the purpose of making investments in the mining and minerals sectors. It is being floated Monday at one penny.
Executive Chairman Brian Moritz is a director of Southern African Resources (SFU.LN), the shares of which have gone from three pence to 35 pence within 18 months.
Zareba's directors are also involved in Zari Resources PLC (ZAR.LN), which floated at 1 penny in July 2004 and closed today (Friday) at 4.13 pence.
A spokesman for Zareba said: "There are some assets we are looking at, and a uranium asset in Australia is one of them. It hasn't been dismissed out of course."
the manageress
- 24 Aug 2005 15:11
- 86 of 140
talk on sharecrazy of a suspension coming up due to a possible big deal.
wilbs
- 24 Aug 2005 15:18
- 87 of 140
Lets hope so, we will see.
gordon geko
- 25 Aug 2005 09:06
- 88 of 140
moved a bit last copule of days any idea why ?
TheMaster
- 25 Aug 2005 09:12
- 89 of 140
Post 86 - I heard that deal rumor as well, company will have to put out RNS soon
the manageress
- 25 Aug 2005 16:06
- 90 of 140
No smoke without fire,will only take one RNS to get this stock rising northward.
fingers crossed (that usually works).
TANKER
- 01 Oct 2005 10:06
- 91 of 140
loks like they is going to be some movement.
ShrewdTone
- 01 Oct 2005 21:26
- 92 of 140
I take it you've all seen the interims released yesterday - if not they can be viewed via the following link:
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1078394&source=RNS
TANKER
- 03 Oct 2005 10:52
- 93 of 140
someone is interested.?
rodspotty
- 03 Oct 2005 11:54
- 94 of 140
Yes indeed EVO's bidding for stock, 1m electronically @1.08p. DYOR
Rodders
dexter01
- 03 Oct 2005 14:07
- 95 of 140
price holding up well, with the buy / sell ratio, i saw this on another BB, could be interesting .
Dexter
++++++++++++++++++++
I've just been reading an article from Sept 30 edition of Moneyweek. Specifically, the Commodities article on page7.
It mentions Namibia's Valencia mine - I've done some research on this and discovered that a stake in this mine is held by the government there. This uranium mine is a HUGE moneymaker and stakes are also held by US miner Cameco and Forsys Metals from Canada.
Based on their previous track record, ZBA directors are aquainting themselves with the right people
dexter01
- 04 Oct 2005 10:07
- 96 of 140
Morning all,
wilbs, how are you doing mate ?.
just thought i would post the interims, they look pretty good for the future IMO.
Dexter.
+++++++++++++++++++++++++++++++++++++++++++=
Interim Results
RNS Number:0484S
Zareba PLC
30 September 2005
Zareba PLC
Interim report for the period ended 30 June 2005
Chairman's Statement
This is my first report following the flotation of the Company in February 2005.
The attached profit and loss account shows that the company made a loss for the
period to June of #38,619and had some #1.35 million in cash resources.
The company was floated to make investments in the mining and minerals sector.
Its first investment was announced on 8 June, and was in a company developing a
diamond mine in Northern Namibia. The initial investment of N$ 500,000 has been
subsequently increased by a further N$ 500,000. The total investment represents
10% of the investee company, which is named Shelfco 21 Pty Limited. A Competent
Persons Report was commissioned from Placer Analysis Ltd, but this report has
been delayed to enable further data to be included. In the meantime the mine
itself is scheduled to be formally opened on 15 October 2005 by the Minister of
Mines and Energy of Namibia, and the opening is likely to appear on the Namibian
national television.
Other investments are also under examination, including investments which would
constitute reverse acquisitions under the AIM rules, but no firm agreements for
such investments have been made.
The directors remain conscious of the need to conserve cash, and expenses are
being kept to a minimum. They remain confident that Zareba will meet the
criteria of the London Stock Exchange for investment companies within the time
limits set by the Exchange.
Brian Moritz
(Chairman)
PROFIT AND LOSS ACCOUNT for the period ended 30 JUNE 2005
Notes 30 June
2005
#
Administrative expenses (55,539)
Operating loss (55,539)
Interest receivable 16,920
Loss on ordinary activities before taxation (38,619)
Tax on loss on ordinary activities -
Retained loss for the financial period 5 (38,619)
The profit and loss account has been prepared on the basis that all operations
are continuing operations.
There were no gains or losses in the period other than those included in the
above profit and loss account.
BALANCE SHEET as at 30 JUNE 2005
Notes 2005
#
Fixed assets
Investments 1 41,220
Current assets
Debtors 2 5,357
Cash at bank and in hand 1,349,790
1,355,147
Creditors: amounts falling due within one year 3 (6,506)
Net current assets 1,348,641
Total assets less current liabilities 1,389,861
Capital and reserves
Called up share capital 4 203,300
Share premium account 5 1,225,180
Profit and loss account 5 (38,619)
Shareholders' funds - equity interests 6 1,389,861
CASH FLOW STATEMENT for the period ended 30 JUNE 2005
Notes 2005
#
Net cash outflow from operating activities A (54,390)
Returns on investments and servicing of finance
Interest received 16,920
Net cash inflow from returns on investments and 16,920
servicing of finance
Acquisitions and disposals
Purchase of investment (41,220)
(41,220)
Cash outflow before management of liquid resources (78,690)
and financing
Management of liquid resources
Cash term deposits (1,200,000)
(1,200,000)
Financing
Issue of ordinary share capital 1,583,000
Cost of share issues (154,520)
Net cash outflow from financing 1,428,480
Increase in cash in the period C 149,790
NOTES TO THE CASH FLOW STATEMENT for the period ended 30 JUNE 2005
A Reconciliation of operating loss to net cash outflow from operating activities
2005
#
Operating loss (55,539)
Increase in debtors (5,357)
Increase in creditors within one year
6,506
Net cash outflow from operating activities (54,390)
B Analysis of net funds
23 October 2004 Cash flow 30 June 2005
# # #
Net cash:
Cash at bank and in hand - 149,790 149,790
Liquid resources:
Bank deposits 1,200,000 1,200,000
Net funds - 1,349,790 1,349,790
C Reconciliation of net cash flow to movement in net funds
Increase in cash in the period 149,790
Cash outflow from increase in liquid resources 1,200,000
Opening net debt -
Closing net funds 1,349,790
NOTES TO THE ACCOUNTS for the period ended 30 JUNE 2005
1. Fixed asset investments 2005
#
Unlisted investments 41,220
2. Debtors 2005
#
Other debtors 5,357
3. Creditors: amounts falling due within one year 2005
#
Trade creditors 6,024
Other creditors 482
6,506
4. Called up share capital 2005
#
Authorised
1,000,000,000 ordinary shares of #0.001 each 1,000,000
Allotted, called up and fully paid
203,300,000 ordinary shares of #0.001 each 203,300
NOTES TO THE ACCOUNTS for the period ended 30 JUNE 2005 (continued)
5. Statement of movements on reserves Share premium Profit and loss
account account
# #
Retained loss for the period - (38,619)
Premium on shares issued during the year 1,379,700 -
Cost of share issue written off to share premium account (154,520) -
At 30 June 2005 1,225,180 (38,619)
6. Reconciliation of movements in 2005
shareholders' funds #
Loss for the financial period (38,619)
Proceeds from issue of shares 1,583,000
Cost of share issue written off to share premium account (154,520)
Net addition to shareholders' funds 1,389,861
Opening shareholders' funds -
Closing shareholders' funds 1,389,861
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR QBLFXEKBFBBB
dexter01
- 14 Oct 2005 14:31
- 97 of 140
sounds interesting!,
Below Taken from III,
Nothing new but the Last line is interesting,
Following this morning's events with Zari, I thought I'd ask the question.
**********START**********
-----Original Message-----
From: Woolgar, John [mailto:Jwcapitalideas@aol.com]
Sent: 13 October 2005 14:01
TO: III
Subject: Re: ZBA
Dear Sir thank you for your query. It is quite likely that in any reverse
takeover situation concerning a cash shell the bulk of the shells directors will depart.Their task completed. We are now focused on a number of promising avenues for Zareba.
Best regards John Woolgar
From: III
Sent: 13 October 2005 10:51
To: Jwcapitalideas@aol.com; jwoolgar@zariresources.com; Woolgar, John
Subject: ZBA
Dear Mr Woolgar
I read with great interest this morning the statement from Zari plc. The one thing that concerns me the most is the departure of all founder directors of the company bar yourself. Is this something that i should also expect to see with Zareba plc?
With the mine in Namibia opening this week, I was under the impression that the company was making good progress. Can you provide any comments?
Regards
Andy
Private Investor
dexter01
- 14 Oct 2005 14:33
- 98 of 140
just seen this on another bb.
I think it is interesting that Kunene River Diamonds, the diamond mining company that Zareba has a stake in, has concentrated on the same area previously occupied by Reefton Mining. I think it would be reasonable to expect them to go for the other licences held by Reefton as well. Here's what Reefton said back in 2004
SKELETON COAST DIAMOND PROJECT IMPRESSIVE RESULTS AND ACQUISITION
Reefton to acquire an 80% interest in a strategic 90 kilometre length of the Skeleton Coast, taking its coverage to 310 kilometres of the coastline.
Reefton recovers diamonds from the modern beach. Marine processes are still depositing diamonds in the concession area.
Bulk sampling returning larger diamonds of up to 2.3 carats.
Acquisition of EPL 2742 Kunene River, Skeleton Coast Namibia
The company is pleased to announce that it has entered into an agreement to acquire an 80% interest in EPL 2742 - an important diamond concession covering 90 kilometres of the diamond bearing Skeleton Coast of Namibia. The concession is up to 8 kilometres wide. To the south, diamonds are located in the modern beach on the shoreline, and fossil beaches from various geological periods with the oldest being located up to 2 kilometres inland.
The new concession adjoins the companys existing concessions, to the north, bringing the total coverage of the diamond bearing beach deposits held by the company to 310 kilometres.
Further to the north in Angola, a corridor of diamondiferous kimberlite trends south east into the concession area. This corridor contains kimberlites and extensive rich alluvial diamond deposits.
Diamond bearing rivers draining this corridor include the Kunene River on the border of Namibia and one of its ancient outlets - the Angra-Fria River System. This reaches the coast within the southern portion of this concession, and is most likely to have also been a transport corridor for diamonds in the past. The strong north flowing Benguela Current distributes the diamonds emerging from the river outlets, along the coast. The marine processes then concentrate the diamonds into beach gravels.
The agreement entered into with Rusina Mining Limited provides Reefton with an option to acquire an 80% interest in the tenement. Following exercise, and subsequent to satisfaction of the conditions precedent Reefton will be required to pay $290,000 and issue 4,000,000 fully paid ordinary shares to Rusina Mining Limited.
Modern Beach Sampling Result
A bulk sample of 10.8 tonnes of gravel from the modern beach was taken and 5 diamonds recovered. The modern beach is the youngest and located above the surf zone.
The sample, being wet, was processed directly through the scrubber and Dense Media Separation Plant (DMS) and returned 1.02 carats equating to a grade of 9.4 carats per hundred tonnes (cpht).
It is significant that diamonds lying on the ocean floor are still being transported by marine processes. The dynamic system of diamond deposition is still active along the current shoreline as it has been in the past where it built stacked fossil beach deposits up to 2 kilometres inland.
Mowe Bay Bulk Sampling
The bulk sampling programme at Mowe Bay is continuing to return high quality diamonds. As the sampling is progressing larger diamonds are being recovered with the largest recovered since the Companys last announcement being 2.3 carats. That particular sample is still being processed and sorted for diamonds.
Yours faithfully,
B MOORE
Chairman
dexter01
- 14 Oct 2005 17:57
- 99 of 140
yesterday and today 250k T trade after the final bell, someone stocking up, but why the secrecy on such a small amount of money ??
dexter
dexter01
- 25 Oct 2005 06:58
- 100 of 140
Morning one and all,
found this on the other side , could be interesting for ZBA.
Dexter.
++++++++++++++++++++++++++++++++++++++++++++
Found this on the web, Sounds good to me. They want more Uranium mines opened in Namibia.
The Namibian (Windhoek)
October 24, 2005
Posted to the web October 24, 2005
Lindsay Dentlinger
Windhoek
NAMIBIA should consider exploiting its uranium ore reserves in the light of rising world uranium prices, Mines and Energy Minister Erkki Nghimtina told the National Assembly last week.
With the planned construction of 23 nuclear reactors in 31 countries now in the pipeline, Nghimtina said these were good indicators that Namibia should develop its eight known uranium deposits into mines.
Nghimtina was responding to the environmental and health concerns raised by the Congress of Democrats in the wake of the development of a uranium mine at Langer Heinrich in the Namib-Naukluft Park.
Local and international rights groups have in recent weeks stepped up their resistance to the mine, saying radioactive dust and the emission of poisonous gases would put workers and residents at risk, while causing irreparable damage to the desert ecology.
Nghimtina said that Government had taken all the necessary steps to ensure that the mining industry complied with mine health and safety regulations.
He said Government was also satisfied that all environmental protection measures would be taken.
Nghimtina said Namibia's resource potential was by no means exhausted and that more prospecting needed to be done to discover more ore bodies.
"Namibia is a uranium producer and hosts known uranium deposits and several occurrences. These uranium deposits should be converted into mines while several occurrences will be explored further to determine grade, size and economic viabilities," said Nghimtina.
Nghimtina said watchdog groups that had objected to the Langer Heinrich mine were "perpetually poisoning the atmosphere with unscientific information about the awarding of the mining licence".
He said the world's largest open-pit uranium mine, Roessing, was internationally renowned for its good health and safety regulations and environmental monitoring for nearly 30 years.
"The Ministry of Mines and Energy is assured that Langer Heinrich Uranium Mining Project will [emulate] Roessing Uranium Mine in environmental protection, mine health and safety issues, and in the physical protection of uranium oxide within and outside Namibia," said Nghimtina.
The Minister said Government was expecting the Langer Heinrich Mine to pay tax of N$63 million to the State, contributing 0,8 per cent to GDP and 0,45 per cent to exports.
The mine is further expected to create 750 jobs and put Namibia in tenth position in terms of world uranium-oxide production after Canada and Australia.
Relevant Links
Southern Africa
Mining
Namibia
The groundbreaking ceremony of the Langer Heinrich Uranium Mine was held last month at the site 80 kilometres east of Swakopmund.
The mine is wholly owned by Australian exploration and development company Paladin Resources and will enjoy mining rights for 25 years.
TANKER
- 28 Oct 2005 10:29
- 101 of 140
nice up
dexter01
- 28 Oct 2005 10:46
- 102 of 140
this could be about to fly now IMO, it`s been a long while coming but they have one investment undeer their belts, and in the RNS they hinted about reverse T/O
Dexter
dexter01
- 07 Nov 2005 11:32
- 103 of 140
Morning all ,
Keep a close eye on this , IMO it could well spike above 2p, there is quite a bit of buying going on, and has been for the last few weeks.
Dexter
Wilbs, are you still in and are you ok ?
dexter01
- 07 Nov 2005 11:36
- 104 of 140
squaregain,
you can only buy 75k @1.55 , but you can sell 375k @1.4p, the mms want stock and IMO it`s to fill alarge order
dexter01
- 08 Nov 2005 07:58
- 105 of 140
just got this from another bb.
__-________________
This from Britishbulls.com website.
====================================================
Zareba PLC
Daily Commentary
Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 19.10.2005 (19) days ago, when the stock price was 1.1300. Since then ZBA has gained 23.89% .
====================================================
There is talk that the company will announce news on Thursday - possibly relating to licencing deals in Namibia.
It will not surprise me one little bit if they pull out more than one deal in Namibia. That's how these directors have performed in the past