Recent Acquis new entrant Smarter Web Company (LON: SWC) has launched a WRAP retail offer and accelerated bookbuild raising £2.24m at 16p/share. Prior to flotation the web design and online marketing company raised £1m at 2.5p/share. That cash has been invested in Bitcoin. So far £760,000 has been spent on 10.6 Bitcoin at £71,356 each. The cash will eventually be used for expansion and acquisitions. The share price jumped 363% to 22p.
Brompton Asset Management has raised its shareholding in Global Connectivity (LON: GCON) from 14.8% to 18.6%. The share price recovered 30.8% to 0.85p.
Wishbone Gold (LON: WSBN) has identified eleven new gold targets at the Crescent gold project in the Mosquito Creek area of Western Australia. The company has appointed Apex Geoscience Consultants to manage the ground exploration and drilling at the Red Setter Dome. Hot Rocks Investments (LON: HRIP) has reduced its stake below 3%. The Wishbone Gold share price increased 14.7% to 0.195p.
In 2024, Newbury Racecourse (LON: NYR) increased revenues by 16% to £22m and pre-tax profit improved from £720,000 to £1.1m. There were 30 race days, two more than the previous year. A final dividend of 6p/share was announced. Cash was £7.5m at the end of 2024. The share price rose 10.8% to 565p.
Valereum (LON: VLRM) raised £500,000 at 4p/share. This will help to fund the launch and scaling up digital asset services. The share price is 10.5% higher at 5.25p.
Marula Mining (LON: MARU) has completed wet commissioning of the Kilifi manganese processing plant in Kenya. The first manganese sales should be in May. The latest exploration of Kilifi is focused on specific target areas to assess the suitability of ores for processing. The share price improved 10.3% to 4p.
Ormonde Mining (LON: ORM) investee company TRU Precious Metals has commenced drilling at the Gold Rose project in the central Newfoundland gold belt. The share price edged up 8.7% to 0.125p.
FALLERS
NYCE International (LON: NYCE), formerly ChallengerX, has established a gaming advisory committee, including Farzad Peyman, Harmen Brenninkmeijer, Richard Clarke and Simon French. The share price fell 8.57% to 0.16p.
BWA Group (LON: BWAP) says shallow drilling has been completed at the 90%-owned Dehane 1 mineral sands project in Cameroon. This shows significant accumulations of heavy mineral sands. Total heavy mineral sands grades are up to 4.7% over eight metres thickness. Significant areas remain untested. The share price has decreased 7.5% to 0.185p.
Ananda Pharma (LON: ANA) says ex-GW Pharmaceuticals executive Giles Moss is an advisor. He will provide expertise in regulatory approvals. GW Pharmaceuticals was acquired by Jazz Pharmaceuticals. The share price slipped 6.25% to 0.375p.