Autins Group (LON: AUTG) rebounded 78.6% to 12.5p, despite the acoustic insulation developer expressing concerns about tariffs. In the 18 months to March 2025, revenues were £31.1m and the loss was £1.7m. There was a small profit in the final quarter following cost savings. Net debt was £1.1m at the end of March 2025. This year, Autins expects to report its first profit since 2017.
Coppe gold explorer Bezant Resources (LON: BZT) says that its 70%-owned subsidiary Hope and Gorob has been issued the formal mining certificate for ML246 in Namibia. There is a JORC compliant resource of 15Mt grading 1.2% copper. Development of the mine can commence. There is potential for open pit mining for five years, followed by underground mining. The share price increased 39.3% to 0.039p.
Ariana Resources (LON: AAU) says that the revised Dokwe North pre-feasibility study economic model shows a NPV10 of $354m. That is based on a gold price of $2,750/ounces. All-in sustaining cost is estimated at $1,144/ounce. When the project in Zimbabwe was acquired, it had an NPV10 of $69m. Annul production of up to 100,000 ounces of gold over a ten-year mine life is being targeted for the definitive feasibility study. The share price rose 39% to 1.425p.
Gunsynd (LON: GUN) has entered into a term sheet with Critical Discoveries for a farm-in agreement for licences over the Barb gold project in Canada. There are 32 mining claims in the Rice Lake greenstone belt. There could be near term gold with drill ready targets. There will be a cash payment of £102,000 plus £13,500 worth of shares. Another £121,500 worth of shares will be issued in three equal instalments over 24 months. A total of £540,000 worth of shares will be issued on achievement of project milestones. The vendor also gets a 2% net smelter royalty. Gunsynd will own 100% of the project. The share price improved 28.6% to 0.135p.
FALLERS
Active Energy Group (LON: AEG) lost most of last week’s gains with a 45.5% decline to 0.3p. There was significant trading during the week, but less than on the previous Friday.
Palm oil supplier and cashew processor Dekel Agri-Vision (LON: DKL) has raised £2.33m at 0.55p/share, which was more than expected, and launched a retail offer of up to £300,000. The €1.2m loan from chief executive Youval Rasin will be converted at the same share price. There are also revised terms for its lending facilities, which will delay repayments. Current debt is €26.4m. The share price slumped by two-fifths to 0.615p.
In 2024, Arkle Resources (LON: ARK) had a cash outflow from operations and investment of €406,000. That left €27,000 in cash. Management says that it has the option of diluting its stake in the Stonepark joint venture in Ireland. The share price dipped 38.9% to 0.275p.
Mosman Oil & Gas (LON: MSMN) chief executive Andy Carroll is stepping down and Howard McLaughlin will be interim chief executive. Drilling has been completed on the Richardson well on The Bard lease area of the Vecta project in Colorado. There are trace amounts of helium. The drill rig was moved to The Garcia lease and there were disappointing results from that well. Mosman wants to end the drilling programme early so that it can preserve cash and focus on other helium projects. The share price fell 31.4% to 0.024p.
Primorus Investments (LON: PRIM) has sold its 8.05% stake in the AI-based services provider to smaller businesses Pri0r1ty Intelligence Group (LON: PR1). This raised £977,000. Primorus Investments shares were 14.3% ahead at 4p. Pri0r1ty Intelligence has applied for a quotation on the OTCQB market in the US. This will help it attract interest of investors in the US. It also announced the launch of its AI-powered Bitcoin integration technology Pr1bit, which enables client to manage Bitcoin and other digital assets. Pri0r1ty Intelligence shares slipped 25.7% to 5.76p.