Rose Petroleum plc

The Stockmarket Reporter


Shares Unchanged at 23.25p

/images/press/stockmarket reporter.jpg Shares in Vane Minerals were unchanged at 23.25p after the share enjoyed a good run up into today's maiden final results statement. In the 15-month period to December 31st, the exploration company posted pre-tax losses of 598,693 pounds on nil turnover. At the end of the period the company had cash balances of 2.34 million pounds. The company said it remained on course with its declared strategy of generating early cash flow from its developing properties. While the thrust of the group's activities remained its developing gold-silver projects in Mexico, the company recently made application for gold-copper prospects in Paraguay and also for uranium licences in North America.