Lonely Lonrho
Article Abstract:
Lonrho's merger discussions with JCI have ended and other companies may be interested in the company's mining assets. Lonrho ranks third among South African platinum producers and world platinum prices have risen in 1997 due to lack of supply from Russia. Lonrho also holds 30% of Ashanti and Ashanti's stock price has dropped. Lonrho's mining assets appear to be undervalued, and the company's management should have stated this rather than Tiny Rowland in a letter to stockholders.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Cluff Resources: golden price
Article Abstract:
Cluff Resources has been approached by a possible bidder, and the company refuses to divulge its identity. Cluff is a gold mining concern which was awarded a license for gold prospecting in Tanzania in Oct 1995. The company had a 4.8% stake acquired by Echo Bay in summer 1995, and this company could be a bidder. The company's shares rose in price prior to the announcement of a possible bid, though talk of insider trading has been dismissed by Cluff.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Cluff Mining
Article Abstract:
Cluff Mining should benefit from a rise in platinum prices, though gold prices have stayed depressed.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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