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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
Buying a property is cheaper than renting again – how much could you save?News Zoopla research shows it is now 8% cheaper to buy than rent. We reveal the places where you can save more by getting on the property ladder.
-
Is now a good time to invest in India?Should you invest in India? Its market has stood out of the emerging market pack, helped by a growing pool of domestic investors.
