Kenneth G. Mondero

While a premature release of a financial statement cost one firm billions worth of its market value, one development in an oil and gas company’s interest nearly missed its chance to add value to AIM-listed Solo Oil plc (LSE:SOLO). But our resident analyst at ADVFN has recommended a buy on the stock hours before the […]

Independent oil and gas explorer Sound Oil plc (LSE:SOU) has been measuring up to its name recently (I’m not exactly saying it wasn’t doing that in the past) – being sound with decisions and strategies, whether in disposing assets or securing funding for existing operations. In less than a week, the company has negotiated deals […]

Following months of negotiations, Sylvania Platinum Limited (LSE:SLP) has agreed to a wage settlement with the National Union of Mineworkers (NUM), which represented the platinum producer’s workers at its Eastern operations in the labour unrest-filled Rustenburg mining district in South Africa, in a bid to pre-empt any potential disruption arising from demands of pay increases. […]

Oil and gas explorer Sound Oil plc (LSE:SOU) is getting out of an exploration contract in Indonesia after drilled exploration wells proved disappointing, much to the delight of the investors of the AIM-listed firm, but will still be receiving royalties should future exploration results in discovery of hydrocarbon. In a statement, Sound Oil said it […]

UK’s public money-backed Royal Bank of Scotland (LSE:RBS) is to exit the British Government’s version of an insurance program specifically for financial institutions, three years after the bank agreed to be protected against future credit losses during the wake of the financial crisis. RBS, the only British bank that sought this protection after Lloyds Banking […]

A lot of disappointments hurled at Shanta Gold Limited (LSE:SHG) today as the company revealed it is nearly out of cash to keep itself afloat after a loan provider deferred commitment to provide funding, following the gold explorer’s poor production performance brought about by operational issues at its Luika mine in Tanzania. Shanta is now […]

Shares of Firestone Diamonds plc (LSE:FDI), listed on the Alternative Investment Market in London, were heavily traded today as the diamond exploration and development company said rare diamonds were found from its flagship mine in Lesotho, Africa, promising the company of a potentially diverse diamond assortment of high quality and size. Over 69 million shares […]

Anglo American plc (LSE:AAL) has regained control of its Sishen iron ore mine in South Africa, ending a two-week coup d’etat of what was left of a handful of employees who seized the mine on 3rd October 2012, as a show of force to extract increase in pay resulting in another series of lost production […]

Hours after trading closed in London on Friday last week, The Royal Bank of Scotland (LSE:RBS) announced Santander UK plc decided to pull out of its agreement to acquired RBS branches in England and Wales and NatWest branches in Scotland, putting serious pressure on the British bank to find an alternative solution to comply with […]

Shares of Central Asia-focused oil and gas explorer and producer Tethys Petroleum Limited (LSE:TPL) lost a sixth of its value earlier today as the market dumped shares following the company’s unfortunate news that its most recent exploration and appraisal well failed to duplicate the successes of the other wells drilled on the Akkulka Block in […]