European Metals Holdings (LON: EMH) joint venture Geomet has secured a €360m grant for the Cinovec lithium and tin project in the Czech Republic. This is Europe’s most advanced lithium project. EMH owns 49% of Geomet, which is expected to publish a definitive feasibility study soon. Zeus has modelled a 25-year mine life and an NPV10 of $1.04bn. Zeus has a fair value share price of 75p. The share price jumped 56% to 19.5p.
Boohoo (LON: DEBS) shares continue to rebound following yesterday’s results showing a fall in pre-tax loss. Goldman Sachs has raised its share price target for the online retailer from 16p to 17p, but still says sell, while Barclays has cut its target from 13p to 11p and remains underweight. Despite, the share share price has improved a futher 22.7% to 22.45p. The new incentive package for chief executive Dan Finley could be worth £148.1m if the share price reaches 300p within five years.
Shares in TV and film vehicle and equipment hie company Facilities by ADF (LON: ADF) recovered following yesterday’s trading statement. Second half revenues improved, but not as much as hoped, and the full year pre-tax forecast has been downgraded from £2.1m to £1.3m. Net debt could be £13.5m by the year end. Next year, higher utilisation levels would mean that pre-tax profit could improve to £1.6m. The share price recovered 14.5% to 17.75p.
Logistics Development Group (LON: LDG) has published an unchanged NAV of 26.7p/share at the end of September 2025. The share price rose 6.27% to 15.25p.
FALLERS
Tern (LON: TERN) says it has insufficient cash to meet investment calls from the Sure Valley Ventures Enterprise Capital Fund. Tern agreed to invest up to £5m and so far, has invested £1.3m. Tern will be a defaulting investor and could forfeit its investment or have it transferred to another investor. Alternatively, the investment may be retained, but some rights to distributions could be lost. Tern has enough cash for its own requirements until early in 2026. The share price slumped 22.2% to 0.35p.
An AGM update by Quadrise (LON: QED) reveals that negotiations on trial agreements for the company’s enhanced fuel with Cargill and MSC are continuing. MSC is concerned about ongoing supply after the trial. Valdor has secured funding for a pilot plant and Quadrise should receive $1.5m in payments by June 2026. The share price declined 10.5% to 2.685p.
Aferian (LON: AFRN) has extended the repayment deadline for its bank facilities of $16.5m to 12 December as it explores the potential sales of the Amino and 24i business and the company as a whole. The £1.125m loan from Kestrel matures at the end of January 2026. The video streaming technology provider will publish a trading statement in December. The share price slipped 7.5% to 1.85p.
essensys (LON: ESYS) founder and non-executive director Mark Furness, who stepped down as chief executive in May, has submitted an indicative offer of 20p/share for the developer of Software-as-a-Service and cloud services for the flexible workspace sector. In April 2022, Mark Furness bought 20,934 shares at 94.5p each, taking his stake to 30.4%. This offer would value essensys at £13m. A trading statement revealed revenues of £4.1m in the quarter to October 2025, but a contract worth £900,000 each year is set to end in December. There will be cost savings, but 2025-26 results will be lower than expected. A debt facility is being negotiated. The figures for the year to July 2025 have not been published, but a previous trading statement indicated a fall in revenues from £24.1m to £19.2m with cash of £1.8m. The share price initially rose, but it is currently 6.45% lower at 14.5p. essensys joined AIM on 29 May 2019 when it raised £14m at 151p/share.