News Flash On The Aim Market Message Board

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Gold/Mining/Energy : News Flash On The Aim Market

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From: miningoz	11/19/2014 4:28:15 PM
	of 161

AIM LISTED Mercom Oil (MMO) plans to start production from the existing wells stateoilcanada.com The diverse investments bring exposure to coal, oil, and gold in Asia and Africa. The coal assets under NWT are potentially sizeable and the advancement to JORC offers potential for value uplift. It is hoped these can be developed to commerciality within a relatively quick timescale, given existing infrastructure and access to transportation. The investment in Lion Natural Resources brings exposure to alluvial gold. Alluvial gold production can difficult to predict but, if Lion’s estimates are correct, this could provide a useful near-term source of cash flow. The investment in Maverick Petroleum Could be a company maker as it has exposure to near term development upside in Chad. We look forward to corporate updates on progress with the investments.

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