Financial publisher and event organiser Bonhill (LON: BONH) has received an offer of £6.6m for its UK and Asia assets and this deal should complete in January. That would be worth 5.5p a share. There is also interest in the US business. There will be an EBITDA loss of £1.3m this year and there is around £300,000 in the bank. The share price rose by 17.4% to 6.75p.
The battery energy storage project in Uskmouth has received conditional planning consent and the SIMEC Atlantis Energy (LON: SAE) share price jumped by 22.7% to 2.025p. Financial close should be achieved by the first quarter of 2023.
Trident Royalties (LON: TRR) is selling a portfolio of pre-production gold royalties, including Spring Hill, to Franco-Nevada for up to $15.8m – $1.25m is not payable until the Rebecca gold project goes into production. The royalties were bought for $6.5m. This leaves Trident Royalties with pro forma cash of $35m. A debt restructuring will reduce the interest charge by up to 2% and extend the facility by one year to the end of 2025.
Crestchic (LON: LOAD) is recommending a 401p a share cash bid from Aggreko, which values the loadbank manufacturer and renter at £122m. The share price improved by 11.8% to 398p on the day and it has risen by 132% this year. The share price has not been at this level since 2015.
Greenland-focused mineral explorer GreenRoc Mining (LON: GROC) is raising £700,000 at 4.5p a share and it could raise a further £200,000 via a broker option. The cash will be used to develop the Amitsoq graphite project in southern Greenland. The share price slipped by 8.65% to 4.75p.
The Great Western Mining (LON: GWMO) fell 4.35% to 0.11p after yesterday’s announcement that chairman Brian Hall bought 5.5 million shares at 0.1129p a share.
Oriole Resources (LON: ORR) says that 24.9%-owned Thani Stratex Resources has relinquished the Hodine licence in Egypt. That means that the £1.45m carrying value of the Thani Stratex stake has been written off. The share price fell 4.35% to 0.11p.
Oil and gas producer PetroTal Corp (LON: PTAL) says that the political upheaval in Peru should not impact its operations. Production has been reduced to below 5,000 barrels of oi per day due to a river blockade by activists and the repair of the Northern Peruvian Pipeline. At the beginning of December, PetroTal received $10.9m from Petroperu as part of total payments of $64m. The share price continues its recent decline and it fell 2.85% to 37.5p.
