The bid for EMIS (LON: EMIS) has been provisionally cleared by the UK competition authorities and the share price has recovered by one-quarter to 1909p. The bid is worth 1925p. The data collected by EMIS is used by the bidder Optum and EMIS has a large proportion of the GP IT market, but the merger is not expected to harm competition or adversely affect patients.
Premier Miton has taken a 6.33% stake in fire prevention products suppler Lifesafe Holdings (LON: LIFS). The share price rose 4.71% to 44.5p.
FALLERS
It appears Silvercorp Metals Inc is unlikely to go ahead with its bid for Celsius Resources (LON: CLA) due to shareholders being unhappy with he proposed deal. The recent award of the environmental licence for the MCB copper project has raised the value of the project. Silvercorp Metals recently sold 60 million shares at a gain on the original subscription price, reducing its stake to around 12%. New approaches will be considered. The Celsius Resources share price declined 6.7% to 0.7p, compared with the estimated 0.16p/share bid.
Chaarat Gold (LON: CGH) has extended the maturity of its secured loan notes from July to the end of October. The $31.7m will be increased by $1m as compensation and the interest rate has been increased. Net debt is $51.6m. First half production from the Kapan polymetallic mine was down 12% at 26,500 ounces GE. The share price dipped 4.21% to 6.825p.
Greatland Gold (LON: GGP) is working towards publishing an updated mineral resource estimate for the Havieron project in the fourth quarter. Further drilling is planned. The share price slipped 3.27% to 7.1p.
Second quarter figures from Touchstone Exploration (LON: TXP) show lower than expected production. There is a higher proportion of lower value gas in the sales mix. Second quarter production was 29% ahead of the second quarter of 2022 at 1,827 barrels of oil equivalent/day. The production from the Coho-1 well has declined faster than expected. The share price fell 2.41% to 81p.