Tertiary Minerals (LON: TYM) has signed a technical co-operation agreement with First Quantum Minerals for two copper projects in Zambia – Mukai and Mushima North. Mukai is next door to First Quantum’s Trident project. First Quantum also has interests in the same region as Mushima North. First Quantum will supply historical exploration date for the areas. First Quantum does not have any first right of refusal over the projects. Tertiary Minerals is the biggest mover on the day with a 72.1% gain to 0.185p a share.
Medical imaging technology developer Feedback (LON: FDBK) shares have risen 20.8% to 0.725p ahead of full year results next Tuesday.
Oriole Resources (LON: ORR) says phase 4 drilling results from the 90%-owned Bibeme gold project in Cameroon. This shows the existence of multiple grade-bearing sub-horizontal veins as well as the previously tested sub-vertical veins. Shard Capital have released a broker note. The share price jumped 16.1% to 0.18p.
Croma Security Systems Group (LON: CSSG) has won four new contracts worth a total of £6.1m a year. The largest is a £5m, three year manned guarding contract worth £5m a year and the same client has awarded a £500,000 a year contract for building security. There is another manned guarding contract and one for the ILOQ battery free digital door lock that is opened by smartphone from an education provider. Croma expects to report EBITDA of £1.5m in the year to June 2022. There will be a £100,000 bad debt provision. The share price rose 9.38% to 70p.
Parkmead Group (LON: PMG) has received regulatory approval for the drilling of high impact prospects at the Skerryvore project in the North Sea. Parkmead is the operator and has increased its interest in the licence from 30% to 50%. The share price rose 6.4% to 59.8p. There was negative oil exploration news from Longboat Energy (LON: LBE). The Copernicus exploration well offshore Norway, where Longboat Energy has a 10% interest, was dry. Longboat Energy shares slipped 12.2% to 39.5p. United Oil & Gas (LON: UOG) says that the AJ-14 well on the Abu Sennan licence in Egypt, where it has a 22% working interest, has not established consistent flow rates due to near bole hole formation damage. The testing continues in the Abu Roash-C interval at AJ-14. The share price fell 5.8% to 1.625p.
Sound Energy (LON: SOU) continues to fall after the Moroccan tax claim was upheld by the local taxation committee. The liability is currently estimated at $19.7m. The share price fell by one-fifth yesterday and a further 18.1% to 0.95p today. Sound Energy was one of the largest companies on AIM a few years ago and it is currently capitalised at around £16m, which is similar to the tax liability.
Ex-dividends
AdEPT Technology (LON: ADT) is paying a dividend of 1p a share – the first dividend since 2019 – and the share price is unchanged at 121.5p.
Belvoir Group (LON: BLV) is paying an interim dividend of 4p a share and the share price has fallen 5p to 225p.
Best of the Best (LON: BOTB) is paying a final dividend of 6p a share and the share price is unchanged at 440p.
Colefax Group (LON: CFX) is paying a final dividend of 2.7p a share and the share price is unchanged at 790p.
DSW Capital (LON: DSW) is paying a maiden dividend of 4.22p a share and the share price is unchanged at 115p.
i3 Energy (LON: I3E) is paying a monthly dividend of 0.14p a share and the share price has fallen 0.075p to 24.625p.
Lords Group Trading (LON: LORD) is paying an interim dividend of 0.67p a share and the share price is unchanged at 71.5p.
Midwich Group (LON: MIDW) is paying an interim dividend of 4.5p a share and the share price has risen by 1.5p to 506p.
Restore (LON: RST) is paying an interim dividend of 2.6p a share and the share price is 0.5p higher at 422.5p.
Van Elle Holdings (LON: VANL) is paying a final dividend of 1p a share and the share price has declined by 0.5p to 40.5p.
Vector Capital (LON: VCAP) is paying an interim dividend of 1p a share and the share price rose 0.5p to 55p.