Proteome Sciences (LON: PRM) says 2022 revenues were 53% ahead at £7.8m with particularly strong growth from the reagents business thanks to a milestone payment from Thermo Scientific. Profit is improving. The contract proteome services provider had cash of £4m at the end of 2022, up from £2.4m. The share price jumped 27.2% to 4.77p.
Mosman Oil & Gas (LON: MSMN) has received a sacred site clearance certificate for EP 145 in the Amadeus Basin, Northern Territory, Australia. The prospect could have gas, helium and hydrogen. The share price rose 13% to 0.065p.
Corcel (LON: CRCL) has broadened its strategy to include oil and gas as well as mining. There are also plans for investments in Brazil and other potential transformative acquisitions. A joint venture is being set up for the Asian interests. Ground magnetics have provided drill targets for the Mt Weld rare earths project in Western Australia and an eight-hole drill programme has been designed. Drilling could start by March. The share price increased 9.62% to 0.285p.
Keystone Law (LON: KEYS) says full year profit will be marginally ahead of current expectations of £8.5m. There are a total of 507 fee earners even though economic uncertainty hampered recruitment. The full year results will be published on 25 April. The share price is 8.72% higher at 530p.
Verditek (LON: VDTK) says that the termination of the solar equipment supply agreement with Bradclad takes effect from 3 March. Verditek is trying to recovery cash owed. The share price dived 24.1% to 0.55p.
Inland Homes (LON: INL) has renegotiated banking covenants and the share price jumped on Friday. Some of that gain has been lost with a 19.2% fall to 12.125p this morning. HSBC loan covenants relate to tangible net worth and gearing. They will revert to the original level from the end of June. A waiver of a historic breach of gearing on the Secure Trust loan has been secured and extended to the end of March.
Tekcapital (LON: TEK) has launched a £2.25m placing at 16p a share. That sparked a 16.1% decline in the share price to 17p. The cash will be invested in investee companies with £600,000 to help MicroSalt build up inventories and £1m to buy autonomous shuttles for driverless vehicle technology developer Guident’s clients. MicroSalt is planning to float on AIM.
Gold recovery company Goldplat (LON: GDP) shares returned from suspension following the publication of accounts for the year to June 2022 and a second quarter update. The share price immediately fell, although it has recovered slightly, but it is still down 11% to 9.125p. The full year figures were as expected with earnings of 2.3p a share. A deal has been secured with DRD Gold in South Africa to treat gold-enriched soil, plus other tailings. Problems with electricity supply in South Africa is the major problem. There are plans to set up a processing facility in Brazil.
