John Cornford

Why has Hornby come off the rails?

Why has Hornby come off the rails?

7 mins. to read

Trains and Planes and Automobiles and Paint, and Kits, and Glue put together the way Hornby thought was That the Thing to Do ? A modern day nursery rhyme or a business school case study in the making? Hornby (AIM: HRN), with a market cap of £20m now (versus a peak of £100m) and annual…

Will a rising tide lift all golden boats – or just a few?

Will a rising tide lift all golden boats – or just a few?

10 mins. to read

Well it certainly won’t float those with a hole in their hull. And many captains (and their backers) will wait to ensure they’re catching the flow and not the ebb tide. So today I canter through those goldies we’ve already explored and some we haven’t and, along with many mixed metaphors, bring up to date…

Why are Kefi Minerals’ shares refusing to budge?

Why are Kefi Minerals’ shares refusing to budge?

8 mins. to read

The Holy Grail of the junior mining sector is a miner still cheap but soon to generate the large cash inflow to justify the investment that bankers (and shareholders) will have put up to get it going. With this in mind, investors might be puzzled as to why Kefi Minerals’ (KEFI) shares show no signs…

Yield and recovery prospects at Pan African

Yield and recovery prospects at Pan African

5 mins. to read

Current mid price: 9.0p Market Cap: £168m Possible yield: 9.0% If, in the present environment, we were to point to a producing gold miner paying a secure looking more 6%+ historic yield, with every prospect of  useful medium-term capital appreciation and a higher yield, you might say “pull the other one”. But with UK-listed South…

Berkeley Energia – Early Fission?

Berkeley Energia – Early Fission?

11 mins. to read

Uranium, as I point out in the upcoming magazine, looks to be a commodity that possibly will recover ahead of the rest. As it happens, Spanish uranium developer Berkeley Energia (BKY:AIM & ASX) (formerly known as Berkeley Resources) is about to come across private investors’ radars in a presentation this week. It has already flagged…

Coal to Power – Raising Steam?

Coal to Power – Raising Steam?

2 mins. to read

So all the while that lack of news has had investors muttering that it is about to go bust, Ncondezi Energy (AIM:NCCL) has been quietly progressing its negotiations with China’s SEPCO to build its 300MW power plant on its Tete coal field in Mozambique. A surprise RNS late afternoon yesterday (January 11th) spurred the shares…

Are these companies the safest way to play the mining sector?

Are these companies the safest way to play the mining sector?

10 mins. to read

Mine Streamers: scooping off the cream – or has it gone sour? Last month I promised I would discuss streaming companies (and their siblings, royalty buyers). The genre is little known in the UK and only commenced in 2004 in Canada, with a large investment sector built up since then still concentrated there, and to a…

A miner worth buying (at last)?

A miner worth buying (at last)?

5 mins. to read

Armenian gold hopeful Lydian International (TSX:LYD), listed on TSX but having for some time promoted itself to UK investors via its Jersey registration (and ProActive Investors), is of interest for the funding package it has just announced for its Amulsar project, due to start construction in 2016. Any gold miner able to secure 100% funding…

Coal to power (continued) – ranking project companies

Coal to power (continued) – ranking project companies

7 mins. to read

As I mentioned in the November magazine, with the outlook for other mining commodities cloudy and funding for their projects problematic (Paragon Diamonds is in trouble because finding funds has been more difficult than it thought – interested investors will find more up-to-date information on the BBs than we can provide here) it seems sensible…

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