RSS

Bid approach for Celtic

Article Date:  Sep 18 2007

Kazakhstan and Russia-focused Celtic Resources says it has received a preliminary takeover approach.

AIM-quoted gold, copper and molybdenum hopeful Celtic, of which Russian tycoon Alexey Mordashev’s Severstal steel group bought 22 per cent in August, says ‘a further announcement will be made in due course’. The company says the present discussions may or may not lead to an offer.

Celtic shares, which peaked at 464p in 2005 and fell to 136.5p by last January, were recommended as a speculation at 178p by Growth Company Investor earlier this year. They are today up 19.5p at 222.5p.

Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today, and gain immediate access, click here or on the following link:
www.growthcompany.co.uk/offers/GCI/ARTICLEEND07

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Small-Cap Spotlight

Cape Lambert in £85m project sale

Aussie-based Cape Lambert Resources is selling its Lady Annie copper mine for A$135 million to Hong Kong-quoted China Sci-Tech.

Diamondcorp persists with funding

Gem miner Diamondcorp is hoping the strong recovery in rough diamond prices will facilitate its planned £5 million funding.

Cheap money dulls Brady

Lower returns on cash balances have flattened commodity trading software specialist Brady's annual pre-tax profits to £1 million.

Advertisement

Related articles

Mexican fillip for Elixir

Elixir Petroleum says gas production from Pompano in the Gulf of Mexico exceeds earlier expectations.

Interim advance at Freshwater

Acquisitive public relations group Freshwater UK has increased first-half pre-tax profits 50 per cent to £460,000.

Regal secures Ukraine rigs

Recovering oil and gas developer Regal Petroleum has clinched a contract for drilling rigs for its projects in the Ukraine.

Rossing rouses Kalahari

Kalahari Minerals says recent drilling has identified ‘significant uranium intersections’ at Rossing South in Namibia.

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • Sectors: Retail

    'Sector’s brutish struggle continues'

  • Attracting funding in a recession

    Sally Goodsell, CEO of regional funding organisation Finance South East, explains how businesses can win private investment in the midst of a downturn.

  • ClinPhone into the red

    Clinical trials technology supplier ClinPhone is undergoing a costly restructuring after losing £1.7 million in the first half-year.

  • Dicom buys into German potential

    Dicom's purchase of a 20 per cent stake in a small German services company could be the catalyst for significant growth in Europe's biggest market, reports Leslie Copeland.

  • Music Choice in £45 million float

    Music Choice Europe, which broadcasts through digital television and the internet, is launching its shares on the London Stock Exchange next Wednesday in a bid to raise £45 million. Helena Keers reports.

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

15-Minute Guide to Collaborative Case Management

This particular guide focuses on an innovative approach to case management in the public sector - Collaborative Case Management (CCM).

15-Minute Guide to Intelligent Capture

Intelligent capture enables organizations to cope with enormous volumes and varieties of documents, accelerate information time to value, and reduce the IT burden of supporting multiple point solutions.

More