Oriole Resources (LON: ORR) says the number of gold bearing intersections at the Mbe gold project in Cameroon to 285, equivalent to one intersection for every 21 metres. A mineral resource estimate is expected before the end of the year. The share price jumped 117.5% to 0.435p.
Guardian Metal Resources (LON: GMET) has become a member of the Defense Industrial Base Consortium (DIBC), which addresses supply issues and provides access to finance and partners. It has also joined the Cornerstone Program, which is a public-private partnership with the US Army. This highlights the importance of the tungsten projects in Nevada. The share price rose 21% to 89.5p.
Georgia-focused oil and gas producer Block Energy (LON: BLOE) has completed the initial injection of CO2 as part of the Carbon Capture Storage project. No leakage is detected. The share price improved 15.2% to 0.95p.
Ashtead Technology (LON: AT.) is planning to move to the Man Market on 6 October. Interim revenues rose 23% to £99.1m, including organic growth of 1%, while pre-tax profit was flat at £17.8m. Full year pre-tax profit should be in line with expectations of £48.6m. The medium-term outlook is positive. The share price recovered 5.89% to 364.25p.
FALLERS
AI-based services provider to smaller businesses Pri0r1ty Intelligence Group (LON: PR1) has joined the OTCQB Venture Market in the US. This is designed to attract US investor interest. It works best when companies have business in the US. The share price slipped 19.6% to 4.1p.
Fire safety products supplier LifeSafe Holdings (LON: LIFS) is asking for shareholder approval to leave AIM. It has raised £700,000 at 3p/share and a retail offer can raise up to £500,000. Disappointing sales mean that LifeSafe requires more working capital. Overoptimistic expectations from the company have led to the share price slumping from the 75p placing share price in July 2022. It costs £300,000 each year to be quoted and management says that it has prospective investors that can only invest in private companies and are willing to invest at higher valuations than the current valuation. The share price dipped 15.4% to 2.75p.
Time Out (LON: TMO) market revenues grew 10% to £47m in 2024-25, but media revenues were 22% lower at £28m. Overall revenues fell 4%. There was a weaker performance In June, but trading has recovered since then. Time Out is making £10m of annual savings. Full year EBITDA is expected to be £7m-£9m, down from £12.4m last year. The share price declined 8.47% to 13.5p.
Kodal Minerals (LON: KOD) says a security guard at the Bougouni lithium mine in Mali has died, following an attack on the main security entrance. The company is working with the government to increase security. The share price fell 7.81% to 0.295p.