One Media IP (LON: OMIP) expects revenues to be £5.1m and EBITDA of £1.8m in the year to October 2022. Revenues are better than forecast, but EBITDA is in line. The music and video IP rights owner has net cash of around £1.4m. Anti-piracy subsidiary TCAT is winning new contracts and One Media IP is no longer considering outside funding for the subsidiary. The annual results will be published in March and the company says that it still intends to pay a dividend. The share price rose 7.69% to 7p.
Quantum Blockchain Technologies (LON: QBT) has recruited Dr Lov Kumar Grover to help it develop methods to mine Bitcoin more cheaply and efficiently. He has been granted five million warrants exercisable at 5p each. The share jumped 14% to 1.225p
Asiamet Resources Ltd (LON: ARS) has signed a memorandum of understanding with Chinese engineering, procurement and construction group BGRIMM Technology for the production plant of the BKM copper project. BGRIMM Technology will design and cost the facility for the feasibility study and if the decision to invest is made then it could provide an engineering and procurement service contract. The share price rose by 6.52% to 1.225p.
Mosman Oil & Gas (LON: MSMN) says the Cinnabar-1 well in Texas had an average flow over 24 hours of 120 barrels of oil and 180,000 cubic feet of gas. At these initial flow rates Cinnabar would double existing net production. The well has already produced 1,000 barrels of oil and arrangements are being made for its sale. After an initial gain, the share price has fallen 7.41% to 0.0625p on the day.
Shares in Angle (LON: AGL) continue to decline following yesterday’s trading statement that revealed revenues falling short of expectations in 2022 and a further shortfall compared with forecasts in 2023. Market conditions have hampered the cancer diagnostics company in securing partnerships and building the commercial use of the Parsortix cancer cells capture technology. The share price is down 11.6% to 26.75p on the day and has fallen 47% this week.
