Whilst acknowledging the significant rise in its share price, Strategic Natural Resources (LON:SNRP) (‘SNR’) emphasised that the information in an article in yesterday’s Sunday Express was already in the public domain.
“The board of SNR confirm that there is no information contained within the article that is not currently available in the public domain.”
On London’s AIM market, the company’s shares jumped 35% today, and were trading at 13.5p per share in early afternoon deals. The Sunday Express article was published on 5 September, and the SNR noted that the article mentions the company's recently updated CPR (Competent Persons Report) and ongoing Export Feasibility Assessment Study. (21 July 2010 - Strategic Natural Resources ups Elitheni coal resource by 55% to 150.3Mt)
The article also discussed an opportunity for SNR to supply coal to the export and South African power sector.
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