United Oil & Gas (LON: UOG) has updated the market on drilling at ASH-4 development well in Egypt. The well is under budget and will reach target depth in a few days. It is expected to significantly increase current production. The shares are 9.52% ahead at 1.725p.
Shares in delivered meals supplier Parsley Box (LON: MEAL) have bounced back by 134.4% to 3.75p. The share price is still lower than prior to the announcement that the company may leave AIM, though.
There is further progress for the ECR Minerals (LON: ECR) share price on the back of the option to purchase Placer Gold, which owns three mining tenements in Queensland. They are known as the Hurricane project, and it is prospective for gold and antimony. The option cost £144,000, while the total cost could be £3.8m, including a net smelter royalty capped at £3m. The share price is 7.5% higher at 1.075p.
Transport technology developer Aurrigo International (LON: AURR) has signed an agreement with Changi Airport Group. This covers six months of trial of the Auto-Dolly, a baggage transport system using sensor technology. The share price is 5.26% ahead at 70p. The September placing price was 48p.
US-based iodine producer Iofina (LON: IOF) has secured brine supply agreements for its new IO#9 plant. This will be the sixth operating plant and it should have an annual capacity of 100MT-150MT when constructed in around six months time. Third quarter production from the existing plants was 143MT and Iofina is on course to produce 499MT this year. The share price increased 3.53% to 22p.
Floorcoverings distributor Likewise (LON: LIKE) continues to grow revenues at a rapid rate through a combination of organic growth and acquisitions and they should be better than expected in 2022, but margins have come under pressure. This has led to a one-third cut in the 2022 pre-tax profit forecast to £2.5m, which is still a 57% improvement on 2021. Margins are expected to continue to decline next year, and pre-tax profit is forecast to be flat. There is warehouse capacity for significant growth and margins should improve as more of the capacity is utilised. The shares slumped 17.2% to 15p.
Oriole Resources (LON: ORR) has raised £600,000 at 0.12p and the cash will be used to develop mining assets in Cameroon. The share price fell by more than one-third to 0.125p.
Greatland Gold (LON: GGP) has fallen 6.36% to 8.1p on the back of full year figures. In the year to June 2022, there was a £5.96m outflow from operating activities and £29m from investing activities. There was £10.4m in cash at the end of June 2022. This was prior to the fundraising for the development of the 30%-owned Havieron project in Western Australia.
