Mercantile Ports and Logistics (LON: MPL) is pursuing legal remedies to regain control of port operating subsidiary, Karanja Terminal & Logistics. One bank did not sanction an agreement for a one-time settlement of company debt with the consortium of banks. The court has told the Committee of Creditors holding the company debt to consider an […]

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Mercantile Ports and Logistics (LON: MPL) is pursuing legal remedies to regain control of port operating subsidiary, Karanja Terminal & Logistics. One bank did not sanction an agreement for a one-time settlement of company debt with the consortium of banks. The court has told the Committee of Creditors holding the company debt to consider an […]

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A sharp jump in trading volumes has pushed up the share price of Empyrean Energy (LON: EME) by 91.7% to 0.115p. Trading levels are set to exceed any other day in the past year. Image Scan (LON: IGE) has won a £500,000 contract from a south east Asian customer. It is for ThreatScan portable X-ray […]

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WH Ireland (LON: WHI) shares rebounded 213% to 1.25p after it confirmed shareholders rejected the sale of the wealth management business and the proposed departure from AIM. Two non-executive directors are resigning from the board in January. There is sufficient capital to continue trading despite being loss making. Shareholders will be consulted about the future […]

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Mercantile Ports & Logistics (LON: MPL) says 2024 revenues are expected to be £4.6m, which is lower than expected. Activity levels are improving. On the plus side, negotiations continue about the main debt facility and are expected to be resolved in the short-term. Hunch Ventures has provided a loan facility, that is so far undrawn. […]

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Shares in oil and gas company Tower Resources (LON: TRP) soared 150% to 0.0325p. Management believes that the completion of the financing for the NJOM-3 well in Cameroon is near. The well could be spudded in early 2025. There is also outside interest in the PEL96 licence in Namibia. An increase in receivables helped to […]

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Renewable energy company SIMEC Atlantis Energy (LON: SAE) generated cash in 2023 due the sale of the Uskmouth energy storage project and ongoing revenues from MeyGen tidal project. Net debt was reduced from £54.1m to £50.6m, with the majority of debt in the MeyGen project, which is set to be expanded. Core company debt was […]

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Mercantile Ports and Logistics (LON: MPL) has released 2023 figures slightly ahead of expectations. There was an impairment charge of £9.9m. The pre-tax loss fell from £12.1m to £11.4m. Debt restructuring discussions continue and this will firm up the financial position of the Indian port facility developer. An operating profit is forecast for 2024, but […]

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Great Western Mining (LON: GWMO) says its 50/50 joint venture Western Mining has completed construction of a mill in Nevada, which will begin processing at 35t/day and ramp up to 200t/day. This will process pre-mined gold and silver material. A study of geochemical signatures of granites is being conducted at the porphyry target at the […]

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Footwear retailer Shoe Zone (LON: SHOE) says trading was strong in May and early June and it expects to exceed expectations this year. There was early demand for summer products, which could just be a change in timing of buying. There were also lower transport costs that helped to improve margins. The profit for the […]

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Mercantile Ports and Logistics Ltd (LON: MPL) is raising £3m from a placing at 3p a share and a group of investors, including existing substantial shareholder Hunch Ventures and Investment Private Ltd, are subscribing for £5.85m worth of shares. A retail offer could raise up to £1.2m more at 3p a share. The retail offer […]

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Mercantile Ports and Logistics Ltd (LON: MPL) has signed a five-year contract with Lucky Marine Shipping & Logistics to handle containers at the facility at Karanja in India. Volumes will build up over two years. Additional contracts are set to be signed for the facility. The share price improved 17.4% to 4.6p, but it is […]

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Clontarf Energy (LON: CLON) is forming a joint venture with US-based NEXT-ChemX Corporation, which covers the deployment and marketing of the latter’s direct lithium ion extraction technology in Bolivia. There is limited water and energy consumption. Pilot testing and extraction starts in March. Clontarf Energy will contribute $500,000 towards the pilot plant for exclusive use […]

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