Defence sector services provider RC Fornax (LON: RCFX) has won £1.4m in orders so far in the third quarter. Cavendish has maintained its full year forecast loss of £2m. The share price is two-fifths higher at 41p.
Kieth Morris has raised his shareholding in Silver Bullet Data Services (LON: SBDS) from 8.92% to 17.9% after Greham House Asset Management sold its 8.9% stake. The share price recovered 37.5% to 22p.
Blue Star Capital (LON: BLU) says investee company SatoshiPay’s Vortex fiat-to-crypto infrastructure platform achieved volumes of $10m in January, which is more than double the previous month. In February and March total transaction volume was $7.8m because of platform outages for upgrades and a major client is changing banks. Volumes should recover. The share price climbed 31.6% to 12.5p.
Greatland Resources (LON: GGP) benefited from a recovery in the gold price to $4,677.28/ounce. Earlier in the week, it revealed a mineral resource estimate for the O’Callaghans tungsten copper zinc lead deposit. There is 70Mt @ 0.35% of tungsten trioxide. The Telfer mineral resource estimate has been raised by 150% to 8 million ounces. Together with Havieron, the resources could be mined for many decades. The share price increased 29.6% to 662.2p.
Building products supplier BRCK (LON: BRCK) has received an unsolicited bid approach from Atlas Holdings LLC and after initial contact and exchange of information a 65p/share indicative offer was made. The share price has not been that level since June 2025. That offer was rejected by the board on 23 March. Atlas will be provided with additional information to see whether it can come up with a better offer, but it says this would not be enough for a firm bid. The share price gained 29.4% to 52.4p.
FALLERS
In-game advertising technology developer Mirriad Advertising (LON: MIRI) says that the expected upturn in February and March did not happen because of the Middle East conflict. It did sign a services agreement with a UK media conglomerate. There is £675,000 in the bank, but more cash will be required before the 2025 accounts are published. The share price dived 63.6% to 0.002p.
Trading was restored in Ironveld (LON: IRON) shares following the publication of full year results to June 2025 and interims to December 2025. Cash was £75,000 at the end of 2025. The company is exploring funding options and has raised £1.1m via a share issue at 0.0225p each. It hopes to generate cash when Daemaneng restarts operations and is producing DMS-grade magnetite. The share price slumped 41.4% to 0.0255p.
Wellheads and connectors Plexus Holdings (LON: POS) reported a reduction in interim revenues from £2.9m to £1.2m because of delays in projects, particularly in the North Sea due to tax uncertainty and inability to offset decommissioning costs. Activity is likely to remain subdued in the second half with the assumption that work will recover in 2026-27. A full year loss is forecast before a return to profit in 2026-27. The estate of William Black has built up a stake of 5%. The share price slipped 40.2% to 2.75p.
Litigation Capital Management (LON: LIT) shares fell a further 37.3% to 3.9p following the announcement of an interim loss of $116.7m on Tuesday. Cash at the end of 2025 was £23.6m, while NAV declined to £5.61m.