Kefi Gold and Copper (LON: KEFI) has recommenced development at Tulu Kapi gold project in Ethiopia after reviews and consultations following the incident that led to injuries and one fatality. The discussions concerned local involvement and security. The share price rebounded 26.7% to 0.7575p.
Falkland Islands – focused oil and gas explorer Borders & Southern Petroleum (LON: BOR) is raising £2m at 11.5p/share from a high net worth investor in the Middle East. This should fund the company until mid-2028, while it has farm out discussions about its assets. The share price gained 12.1% to 9.1p.
Technology investment company Tern (LON: TERN) has settled with the General Partner of Sure Valley Ventures Enterprise Capital Fund LP following its ending of funding participation and partnership in the fund. Tern has made a payment of £73,740, which is well below the maximum possible payment of £200,000. The share price recovered 10.8% to 1.025p.
ITM Power (LON: ITM) subsidiary Hydropulse has signed Heads of Terms with a European oil refinery for a large-scale green hydrogen project. This will use ITM’s electrolyser technology. A 150MW installation would produce hydrogen over a ten year period. Production could start in 2029. The share price rose 4.77% to 98.325p.
FALLERS
A major client loss at productivity optimisation software provider ActiveOps (LON: AOM) has offset growth elsewhere. Interim revenues are 21% ahead at £25.3m, which is organic growth of 5%. The growth is in SaaS revenues. The loss of the customer next March will not affect the current financial year, but it will reduce the 2027-28 revenues by £3.8m. Canaccord Genuity has cut its 2027-28 pre-tax profit forecast from £5.2m to £3.5m. Net cash would be £29.4m at that point. The share price dived 45.6% to 122.5p.
Arkle Resources (LON: ARK) says the results of the first drilling at part of the Erongo uranium project in Namibia show uranium mineralisation intersections on six of the ten drill fences across the Paleo East channel and in four step-out holes between them. Only 23% of the channel has been drilled. Assays from the primary ULG target are expected soon. The share price declined 14.7% to 0.725p.
Gunsynd (LON: GUN) intends to transition from an investing company into an operating company. The focus is the Barb gold project in Manitoba, Canada with remaining investment likely to be sold. There will be a consolidation of 12 existing shares into one new share. The company is changing its name to Bisgood. A general meeting will be held on 28 October. The share price slipped 13% to 0.1p.
Security technology developer Thruvision (LON: THRU) says interim revenues were flat at £2.6m with the order book worth £2.6m. Full year revenues of £8m are expected. Cash was £1.6m on 9 October. There has been a sharp rise in the share price since early August when it was 0.625p, so the 11.1% fall to 2p should be seen in that context.