Late on Friday it was announced that Diversity Network Investments had sold its 19.9% stake in Sabien Technology (LON: SNT). The share price is one-quarter ahead at 7.5p.
Thor Energy (LON: THR) has received the completion payment of A$2.25m from Tivan Ltd for the sale of assets that include the Molyhill tungsten molybdenum copper project in Australia. Another three deferred payments of A$1.31m are due in September of each of the next three years. A deposit of A$375,000 has already been paid. This cash will help to finance other projects. The share price increased 17.4% to 0.675p.
Big Technologies (LON: BIG) has announced full and final settlement of the Buddi litigation. Certain shareholders in Buddi were wrongly forced to sell their shares and not given a chance to invest in Big Technologies when it was acquired. They will be paid £38.5m with £31.5m payable immediately. There is already a provision of £35m. The electronic monitoring company will have cash of £61.9m after the payment. Mediation continues with former boss Sara Murray. The share price continued its recovery and gained 16.5% to 100.85p. The July 2021 placing price was 200p.
Oil and gas company Block Energy (LON: BLOE) has completed the farm-out of licence XIQ (Project IV) following approval from the government of Georgia. Block Energy is fully carried through the staged work programme which could cost $95m. Aspect Georgia will earn up to 75% with an option to increase this to 92.5%. The share price improved 10.7% to 0.775p.
Ampeak Energy (LON: AMP) has received planning permission for its Mey BESS project in northern Scotland. This is a 300MW/1,200MWH BESS project on land near to the MeyGen tidal energy activities. This will enable the company to seek partners and funding. Ampeak Energy will want to maintain an equity stake. First operations could be in 2029. Zeus believes that the risked NAV for the project is 2.9p/share. The share price is 13.1% higher at 3.45p.
FALLERS
Premium drinks brands supplier Distil (LON: DIS) says third quarter revenues fell 26% to £173,000 compared to the same period last year as volumes sold to distributors declined 39%. RedLeg Spiced Rum sales rose 36%. Gross margins were maintained at 42%. The medium-term outlook remains challenging. The share price declined 18.9% to 0.1075p.
More good news for Oracle Power (LON: ORCP) from drilling at the Kalgoorlie gold project in Australia. It has intersected shallow gold mineralisation at the Northern Zone Intrusive Hosted gold project. The best result is 8 metres at 5.81g/t gold. There are a further 16 drillholes due to report results in two batches. It is possible that there is a 600 metre wide zone of shallow oxide mineralisation overlapping the Northern Zone porphyry system. The share price fell 16.7% to 0.0625p.
Allergy Therapeutics (LON: AGY) improved interim revenues from £34m to £36.3m even though German TAV products were phased out. Grassmuno is being commercialised in the second half after receiving approval in Germany in December. There was £10.1m in the bank at the end of December 2025. All shareholder loans have been repaid. There is uncommitted funding of £70m. A listing on the Hong Kong Stock Exchange is possible. The share price slipped 9.09% to 11p after a strong rise over the past three months.