Business
Interim Results - six months
Interim Results - six months.
About this update from Shearwater Group Plc
[{"type":"text","content":"\n RNS Number : 8197V Aurum Mining PLC 09 November 2010 \n \n\nAURUM MINING PLC\n(\"Aurum\" or \"the Company\")\n \nInterim Results for the six months ended 30 September 2010\n \nAurum Mining plc (AIM: AUR) is pleased to announce its interim results for the six months ended 30 September 2010. \n \nSean Finlay, Aurum's Chairman, said: \"It has been a period of continued progress in the transformation of the Company. The process to return capital to Shareholders is now well underway and the Company is working to find an exit for those Shareholders who do not wish to continue as investors in the Company after the cash has been returned. We expect that a restructured Shareholder register will create an attractive cash shell with the potential to exploit some of the exciting investment opportunities that are currently available in the market. \n \nWe are extremely disappointed by the recent events in the Kyrgyz Republic that threaten the Company's residual 10% shareholding in the Andash asset, but we remain confident that, if given a fair hearing, we can, in time, successfully defend the claims. We are committed to pursuing actions against those who have been directly involved in bringing this adverse action against the Company's interests.''\n \nA copy of these Interim results can also be found on the Company's website, www.aurummining.net\n \nFor further information: \n \n\n\n\n\nAurum Mining plc\n\n\nTel: 020 7499 4000\n\n\n\n\nMark Jones, Chief Executive\nChris Eadie, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArbuthnot Securities\n\n\nTel: 020 7012 2000\n\n\n\n\nJames Steel/Richard Johnson\n\n\n\n\n\n\n\n \n \nChairman's statement\n \nIn the Company's 2010 Annual Report, it was outlined that the Company was pursuing a twofold strategy for the benefit of its Shareholders. It is this twofold strategy that has driven the Company's activities over the past six months.\n \nOn the one hand the Company is seeking to satisfy the demands of a group of major Shareholders by returning a very substantial proportion of the Company's cash to all Shareholders. On the other hand the Company is working to ensure that, once the cash is returned, the Company can then be transformed into an attractive shell company that can be used to exploit some of the exciting investment op...