Mosman Oil & Gas (LON: MSMN) says the independent resource evaluation of the 82.5% owned Sagebrush project in Colorado confirms it as a technically credible helium and natural gas resource. There are 2U helium gross prospective resources of 134MMscf with upside 3U of 269MMscf – currently worth around $80m. The share price jumped 51% to 0.0385p.
Tekcapital (LON: TEK) investee company Guident Corp, where it owns 70%, has filed a registration statement with the SEC for an IPO. The size of offer has not been decided. The share price rose 14.3% to 8p.
Mkango Resources (LON: MKA) has raised £3m at 30p/unit (one share and 0.5 of a warrant exercisable at 45p). This will fund the development of the rare earth recycling and manufacturing sites in the UK and Germany. The Nasdaq listing of the Songwe Hill rare earths project in Malawi and the Pulawy separation plant in Poland is progressing. The share price improved 10.2% to 35.25p.
ECR Minerals (LON: ECR) is planning a joint venture with Exertis covering the Creswick gold project. Exertis is proposing to invest up to A$3m for an 80% interest. There would be a minimum spend of A$250,000 in the first 12 months. The share price increased 9.26% to 0.295p.
FALLERS
Shares in predictive genetics company GENinCode (LON: GENI) continue to fall back after it said it knew of no reason for the recent share price rise. The share price slipped 18.3% to 3.35p, but that is still more than double one week ago. The interim results will be published on 30 September.
Shuka Minerals (LON: SKA) says the funds to satisfy the $1.35m cash consideration due for the acquisition of the Kabwe zinc mine in Zambia have been further delayed. The problems with the transfer of funds ae expected to be sorted out by the end of September. The share price declined 11.8% to 3.75p.
Eyewear supplier Inspecs (LON: SPEC) reported a fall in pre-tax from £2.6m to £2.4m with continuing revenues 3% down at £97.6m. Operating costs are being reduced. There was £11.2m generated from operations, although deferred consideration meant that net debt was £700,000 higher at £23.6m. Second half trading is slightly below plan, but the performance is expected to improve. The share price dipped 9.3% to 39p.
Financial adviser Tavistock Investments (LON: TAVI) reported a decline in full year revenues from £39.5m to £32.6m. Cash improved to £7.4m following a disposal. Some of the cash generated has been reinvested in acquisitions and share buybacks. The company is changing its name to Vertex Money. The share price fell 8.93% to 5.1p.
Ex-dividends
Cavendish Financial (LON: CAV) is paying a final dividend of 0.5p/share and the share price dipped 0.5p to 12.6p.
Diales (LON: DIAL) is paying an interim dividend of 0.75p/share and the share price declined 0.5p to 18.5p.
Jet2 (LON: JET2) is paying a final dividend of 12.1p/share and the share price fell 36.5p to 1377.5p.
Lords Group Trading (LON: LORD) is paying an interim dividend of 0.32p/share and the share price is unchanged at 33.5p.
Public Policy Holding Company Inc (LON: PPHC) is paying a dividend of 2.3 cents/share and the share price is unchanged at 183.5p.
Robinson (LON: RBN) is paying a dividend of 2.5p/share and the share price is unchanged at 145p.
Restore (LON: RST) is paying a dividend of 2.2p/share and the share price decreased 5p to 265p.
Somero Enterprises (LON: SOM) is paying a dividend of 4 cents/share and the share price is unchanged at 225p.
The Property Franchise Group (LON: TPFG) is paying a dividend of 7p/share and the share price is down 3p to 581p.