Cadence Minerals (LON: KDNC) says that the 36.2%-owned joint venture that owns the Amapa iron ore project in Brazil has signed a memorandum of understanding with Sinoma Tianjin Cement Industry Design, which will provide a final proposal to complete a definitive feasibility study for the project and then submit a fixed price contract to construct the project. It will also attempt to obtain the financing required. The share price jumped one-third to 7p, but this is only back to the level in September. It has still declined by three-eighths this year. Chief executive Kiran Morzaria bought 100,806 shares at 7.4p each.
ChallengerX (LON: CXS) generated cash from operations in the quarter to September 2023, although there was an overall outflow of £47,000, leaving £1,000 in the bank. More cash will be required to develop the FlashBet Wheel App. Even so, the share price increased 16.7% to 1.05p.
Wishbone Gold (LON: WSBN) has confirmed the mineralised base metal system at Cottesloe in the Paterson Range, Western Australia. There is copper, zinc, silver, lead and cobalt. This is before the drilling has hit the target mineralisation zone. The share price rose 14.3% to 2p.
KR1 (LON: KR1) holds an allocation of 7.5 million TIA – the digital asset of Celestia – KR1 plans to start staking activities on the Celestia network. At the end of September 2023, NAV was 45.11p/share. The share price is 13% higher at 52p.
TruSpine Technologies (LON: TSP) says that the FDA 510(k) application for Cervi-LOK has oved to the substantive review stage. The share price improved 8% to 1.35p.
Fuel additives developer SulNOx Group (LON: SNOX) generated second quarter revenues of nearly £54,000, which was lower than the previous year. There was £562,000 in the bank and a further £700,000 has been raised since then. The share price is 3.85% ahead at 27p.
Ananda Developments (LON: ANA) has signed a MOU with Nottingham Trent University to pursue grant funding for the medicinal cannabis breeding programme. The intention is to develop a formal strategic partnership. The share price moved up 3.77% to 0.275p.
Arbuthnot Banking (LON: ARBB) non-exec directors Jayne Almond bought 3,000 shares at an average price of 912.5p each. The share price edged up 0.77% to 655p.
FALLERS
Mental health treatments developer Mydecine Innovations Group (LON: MYIG) says that it is filing a prospectus supplement so that it can issue 7.36 million shares at 15 cents/share to raise $1.1m. The share price fell 10% to 9p.
Marula Mining (LON: MARU) chief executive Jason Brewer has exercised 400,000 warrants at 4p each. The share price dipped 9.46% to 8.375p.
Shepherd Neame (LON: SHEP) director George Barnes bought 1,000 shares at 735p each. The share price slipped 5.26% to 720p.
IamFire (LON: FIRE) had cash of £149,000 at the end of April 2023, following a £768,000 cash outflow from operations. Investee company WeShop is making good progress. However, there is material uncertainty as a going concern and more cash is required or bond terms will need to be renegotiated. The share price fell 1.56% to 1.575p.
