Helium One Global (LON: HE1) continues to be the best performer on AIM this year and has risen a further 90.5% to 2.625p on the news that the Itumbula West-1 has flowed a high concentration of helium to surface. A measured helium concentration of up to 4.7% equates to nearly 9,000 times normal background levels. The well results will be evaluated. The share price is 940% higher this year and the next best performer is Global Petroleum (LON: GBP) with a 152% rise.
Tracking systems provider t42 IoT Tracking Solutions (LON: TRAC) has secured an order from a customer for 30,000 Lokies keyless padlock units and that could generate $7.5m in revenues over three years. The company is still in discussions with the convertible loan note holders about an extension of the maturity date. The share price recovered 44.6% to 3.5p.
Cybersecurity software company Smarttech247 (LON: S247) is integrating its NoPhish tool with Google Mail. NoPhish has only been available for Microsoft Outlook. It makes it easier to report suspect emails and then analyses them. The share price increased 17.5% to 23.5p.
Artemis Resources (LON: ARV) has discovered spodumene bearing pegmatites with Li2O grades of up to 1.82% at the Mount Marie prospect in the Greater Carlow project. This is the first tangible proof of spodumene bearing pegmatites and it could be part of a lithium corridor according to WH Ireland. The share price improved 12.9% to 0.875p.
FALLERS
In-game advertising technology provider Bidstack (LON: BIDS) has been unable to issue additional convertible loan notes to Irdeto because it has not been able to provide information to Bidstack to enable a shareholder circular to be issued. Shareholder approval is required for the convertible issue. Bidstack had drawn down £600,000 from the convertible loan note facility but does not expect to make any more draw downs. The €3m payment from commercial partner Azerion is running out with cash of £1.4m at the end of January and this will run out by the end of March. A strategic review has been initiated. The share price dived 63.6% to 0.2p.
Pharma company Aptamer Group (LON: APTA) admits that it will not achieve the expected revenues of £3m in the year to June 2024. Interim revenues were less than £1m. There are more than £1.4m of signed deals for laboratory-based services. There is enough cash to get through to later this year. The share price slid 18.4% to 0.775p.
Bushveld Minerals (LON: BMN) has suspended full year guidance until it receives funds from Southern Point Resources relating to last year’s fundraising. Full year production fell 3% to 3,714mt, but sales rose 13% to 4,051mt. However, production has been affected by the lack of cash and it fell to 267mt in January. Southern Point Resources owes more than $10m and claims processing delays and the default of a funding partner have delayed the payment. The payment should be made by the end of February. The share price declined 10.5% to 1.275p.
Shares in Serica Energy (LON: SQZ) dipped 9% to 182.05p after it set 2024 production guidance at between 41,000 and 48,000 barrels of oil equivalent/day. Last year’s proforma production was 40,121boe/day. The Erskine field has been shut in since 25 January because of a compressor problem and production is not expected to restart until March.
Ethernity Networks (LON: ENET) has exited the temporary suspension of proceedings process after court approval of the creditor settlement plan. Creditors owed $1.6m will be repaid in full in four quarterly instalments over 12 months. The share price is 3.23% lower at 1.2p.