Shefa Gems Ltd to become tech cash shell
Follow John on: A look at some of the major movers in London on Tuesday Shefa Gems Ltd (LON:SEFA), up 56% at 3.5p, had a sparkling day after it announced a sharp change of direction. Previously the company has been focused on exploration and development of multi-gemstone mining projects in Israel but it wants to distribute the company's current mining business to all of the company's existing shareholders via a dividend in specie, raise news funds and look for acquisitions in the web technology and software sector. "This combined transaction we are asking shareholders to approve … is the re...