80 Mile (LON: 80M) shares have jumped 50.1% to 1.0475p. It is proposing a merger with fellow Greenland-focused resources company Greenland Energy. The indicative offer would be 0.01108 Greenland Energy shares for each 80 Mile share. This values the company at £61.5m and each share at 1.1p, based on a Greenland Energy share price on Nasdaq of $1.37, but the share price has fallen to $1.20. That means that the current value is just below 1p and the current share price Greenland Energy has potential hydrocarbon interests in east Greenland and joined Nasdaq in April 2026. 80 Mile is joint venture partner in the east Greenland interests.
Increasing cash generation from copper production is enabling Anglo Asian Metals (LON: AAZ) to build up its cash pile to help to finance two more copper mines. In the first half of 2026, the Azerbaijan-based copper and gold miner increased revenues from $40.9m to $141.2m with copper generating the majority of revenues. This period was the first when the Gilar and Demirili mines were producing copper for a full six months. There was 8,840 tonnes of copper produced. Costs were lower than guidance and net cash generated from operations jumped from $11.4m to $78.5m. Net cash was $57.7m at the end of June 2026. The interim dividend is 6 cents/share. Anglo Asian Metals can pay dividends and finance the feasibility studies for XarXar in 2027 and Garadag in 2028. The company’s cash and other funding should be enough to construct these mines without a share issue. Copper production guidance for the full year is 20,000 to 25,000 tonnes. The share price gained 11.4% to 410p.
Audio visual services provider MediaZest (LON: MDZ) continues to win business from high profile companies. Revenues and profit are set to grow in double digits for the full year. The balance sheet has strengthened. The share price increased 9.37% to 0.0875p.
FALLERS
Retailer Mothercare (LON: MTC) has issued a further update on its financial position. The company is expected to receive £800,000 from the liquidation of Mothercare UK. This will not materially change the financial position after trading in the Middle East has got tougher. Alshaya is the franchise partner in the region and contributed 28% of revenues last year. Alshaya is considering closing a majority of its 62 stores. Mothercare will cut costs and is reviewing its model. The share price slumped a further 31.5% to 0.137p.
US hospital financial software provider Craneware (LON: CRW) reported 2025-26 results in line with previously downgraded expectations. Revenues were flat at $206m and earnings were slightly higher at 116.8 cents/share. Disruption of the 340B drug programme in the US, which provides discounted drug prices, has led to a reduction of 2026-27 forecast revenues by $39m to $186.3m leading to earnings of 74 cents/share. There should be a recovery next year. The share price declined 24.1% to £10.18.
Digital health company Medpal AI (LON: MPAL) says September annualised revenues are £35m. A placing has raised £5m at 5p/share. This cash will be used to maintain the growth trajectory. A working capital facility is being sought. The share price fell 10.8% to 5.35p.
Sustainable wood producer Accsys Technologies (LON: AXS) says sales revenues and volumes were lower in the five months to August 2026. Higher interest rates and the Middle east conflict have affected demand and there was destocking by distributors, particularly in North America – although the US joint venture volumes were 3% higher at 6.767 cubic metres. Overall volumes sold by the group and joint venture were 8% lower at 28,953 cubic metres. Overall revenues fell 6% to €56.9m. There are signs of improvement. There should be a more significant second half weighting and margin improvements. Interim results will be published on 24 November. The share price dipped 10.2% to 64.3p.