Orosur Mining Inc (LON: OMI) has received assays from the second hole at the current drill programme at the Anza project in Colombia and there was a composite intersection of 77.3 metres @ 7.68g/t gold from surface. Assays from the next hole are expected shortly and the fourth hole is completed. The share price rose 20.8% to 6.5p.
Security systems supplier Synectics (LON: SNX) says that it will beat upgraded expectations from September. There have been contract wins in the casino and oil and gas sectors. Shore has raised its 2023-24 pre-tax profit estimate from £3.9m to £4.3m. Net cash is £9.4m. The share price increased 14.9% to 355p.
Goldstone Resources (LON: GRL) says the production ramp up at the Homase mine in Ghana is on target and there was a one-third increase in gold production during November. Construction continues for a further ramp up next year. Talks continue with Blue Gold International concerning an extension for the repayment of the £2.7m owed through convertible loan notes. It was due to be repaid at the end of November and a standstill agreement lasts until 20 December. The share price improved 13.2% to 1.075p.
Graphene technology developer Versarien (LON: VRS) is launching a new biosensor chip, which uses chemical vapour deposition grown graphene. A Barristor Company has developed the devices using Versarien’s technology expertise and Versarien will distribute them in the UK and Europe. The share price is 8.66% at 0.0364p.
FALLERS
ValiRx (LON: VAL) has raised £1.57m at 0.65p/share and there is a broker offer that can raise up to £250,000 more. The share price dipped by two-fifths to 0.9p. The cancer treatments developer will be spending the money on R&D for CytoLytix and new evaluation projects. Chief executive Mark Eccleston has subscribed for 17.7 million shares and intends to buy a further 3.08 million shares in the broker offer. There are warrants attached to each new share and they are exercisable at 1.3p each.
Wishbone Gold (LON: WSBN) has raised £250,000 at 0.2p/share. The share price is 22.4% lower at 0.225p.
Trinidad-focused oil and gas producer Touchstone Exploration (LON: TXP) is being conservative with its 2025 guidance. Net production guidance is 6,700-7,300 barrels of oil equivalent/day and that should generate cash of $22m at an oil price of $71/barrel. Three-quarters of production will be gas. There are four wells planned at Cascadura, which will be most of the 2025 capital expenditure of $23m. Net debt should remain around $30m. There should be further information at the capital markets day tomorrow. The share price declined 18.8% to 22.75p.
Data analysis software provider Cirata (LON: CRTA) says Marvell Semiconductor has renewed its existing contract for 12 months, which will generate $401,000. The share price fell 12.9% to 32.05p.