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Sirius Exploration - Richard Poulden Interview |
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Friday, 20 April 2007 |
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Client: Sirius Exploration
Source: Peter Shearlock's Small Cap Stock Picks
20 April 2007
Sirius gets serious Is tiny Sirius Exploration (market capitalisation £2.1 million) about to change its spots?
copper miner in the Balkans to a more significant player in Russia and central Asia. At just
3.5p (spread 3p - 4p), the shares have a lot of upside potential.
Sirius is currently focused on eastern Macedonia where it has a joint venture with large US
copper miner Phelps Dodge and an agreement with Rio Tinto to explore its Macedonian
database to pinpoint further drilling opportunities. To date, it has come up with two decent
targets: a 'good' copper/silver prospect at Osogovo and a 'small' copper/gold prospect at
Kadiica. Both cover quite large areas but are low-grade mineralisations.
To keep itself going, Sirius raised £263,000 in capital last year and has shareholders' funds
of £452,000. At the time of the last interim figures, in December, the company said its
future strategy would be to continue its policy of putting together joint venture deals and
other agreements with major mining companies and 'use the board's corporate finance
skills to look for potential acquisitions'.
The rumour mill says the coming deal is likely to be a reverse takeover. With such a lowly
market capitalisation, Sirius shares could be set for a strong run. They are not for the
faint-hearted, but if you can accept some risk in your portfolio pick a few up.
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Macedonia and the EU
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EU enlargement progress reports - key findings
EU Enlargement has helped to transform Central and Eastern Europe into modern, well-functioning democracies. More recently, it has inspired far-reaching reforms in Turkey, Croatia and the Western Balkans. All European citizens benefit from having neighbours that are stable democracies and prosperous market economies. Enlargement is a carefully managed process which helps the transformation of the countries involved, extending peace, stability, prosperity, democracy, human rights and the rule of law across Europe. The European Union has undergone a number of enlargements since its creation. More and more countries have joined the first six Member States. The EU has 25 members today and will possibly soon count 27 Member States.
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Macedonia urges name dispute to be settled with Greece
Macedonia's parliament voted a resolution Monday calling for a "strategy"
to solve an ongoing row with neighouring Greece over its name, which has
harmed its attempts to join the Europan Union.
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Macedonia unready to start membership talks: EU official
Macedonia is not yet ready to start European Union membership talks,
Enlargement Commissioner Olli Rehn said Monday, less than three weeks
before an evaluation of the Balkan state's accession hopes.
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NYT > Macedonia
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World news about Macedonia, including breaking news and archival articles published in The New York Times.
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News 
