Something cooking at Petmin

published 9 January 2012

Anthracite and silica miner Petmin was waxing enigmatic on Monday morning, advising shareholders to stand by for a possible blockbusting announcement.

The South Africa-based company said it has entered into negotiations which, if they come to a successful conclusion, could have a material effect on the price of the company's securities.

The presumption is that the said effect would be a positive one; at least, that's what the market has presumed, as the shares charged up to 23p from the previous trading's day's close of 21.5p.