Wishbone Gold (LON: WSBN) has announced encouraging drilling results at the Red Setter project in Western Australia. It is the best performer on the day with a 23.3% share price increase to 13.25p. The current hole has been drilled to a depth of 370 metres and the core will be sent for assay in the coming weeks. The previous hole intersected visible mineralisation and it will be re-entered after the current hold is completed.
Vast Resources (LON: VAST) says that it will commence molybdenum concentrate production in August at its Baita Plai polymetallic mine in Romania. The mine produced 268.8 DMT of copper concentrate in the second quarter, which was a 17% increase on the previous quarter. Last week, it was announced that there will be an official opening ceremony for the Takob joint venture in Tajikistan. Vast receives a participation equivalent to a 12.25% royalty over sales of non-ferrous concentrate and other metals produced by the Takob processing project. The share price jumped 21.1% to 0.775p.
Fulcrum Utility Services (LON: FCRM) recovered by 13.6% to 5.85p. The utility connections business is still struggling. Full year revenues were 31% ahead at £61.8m, but it continues to lose money.
Franchise lettings group Belvoir Group (LON: BLV) revenues increased 11% in the first half of 2022 with lettings growth offsetting lower property sales. The main growth came from financial services. Net debt is £3.1m. Full year pre-tax profit is expected to dip to £9.7m before returning to growth in 2023. The share price firmed 6.25% to 4.25p.
Minoan Group (LON: MIN) shares have risen 14% to 1.225p following Friday afternoon’s interim results announcement. Minoan reduced its interim loss, and the repayment of secured debt has been extended to the end of 2022. Discussions continue about the resort development of the project in Greece.
Deepverge (LON: DVRG) subsidiary Modern Water has gained orders worth £2.1m to treat wastewater from chemical plants in India and provide desalination services in North Africa. All Membrane Brine Concentration technology will be used. These orders will be delivered in 2022 and 2023. The share price rose 4.92% to 16p.
Alien Metals (LON: UFO) has received the laboratory analysis results for its Mexican projects at San Celso and Donovan 2. There were no significant intersections at San Celso and access has been denied for drilling of the priority target. There was an anomalous section at Donovan 2 which returned an assay of 0.33% copper with lead and zinc. However, the sample recovery was sub-standard for the industry. A zone of weakly anomalous zinc was identified, and this could indicate a potential target at greater depth. The share price fell 11.1% to 0.6p.
Symphony Environmental (LON: SYM) is raising £1m at 18p a share from Sea Pearl Ventures and there are four million warrants associated with the placing that are exercisable at 25p each. The share price declined 7.9% to 17.5p. Sea Pearl will own a 17.4% stake in the oxo-biodegradable plastics technology developer. First half revenues dropped from £4.9m to £3m due to logistics problems and orders delayed. Contracts that have been announced in recent weeks will help the second half to be much stronger. Zeus still expects 2022 revenues to improve from £9.2m to £11.9m and Symphony Environmental should break even.
