Helium One Global (LON: HE1) has bought an Epiroc Predator 220 drilling rig so that it can start drilling the Tai-C well at the Rukwa site in Tanzania by September. An experienced crew will be required for this. Costs will be higher as they will no longer be shared with Noble. The share price rebounded […]

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Canadian miner SilverCorp Metals Inc is bidding A$0.03 (1.6p) a share in cash and shares for Celsius Resources Ltd (LON: CLA). This values the company at £30.2m. The share price jumped by one-third to 1.3p. SilverCorp Metals is interested in the Makilala-Caigutan-Biyog (MCB) copper gold project in the Philippines. As part of the deal, Celsius […]

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Restaurants operator Fulham Shore (LON: FUL) is recommending a 14.15p a share cash bid by Tokyo-based TORIDOLL Holdings. The share price jumped 32.4% to 13.9p. The bidder has revenues of around £1bn and already has European interests. It works with specialist private equity firm Capdesia in Europe. The takeover will enable greater expansion of the […]

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Daisy Group is making an agreed bid for ECSC (LON: ECSC), which values the cyber security services provider at £5.4m. The bid is 54.02p for each share in cash. The share price jumped 144% to 50p. A few days prior to the bid, ECSC was trading at an all-time low. ECSC joined AIM at the […]

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Footwear retailer Unbound Group (LON: UBG) has received a 10.5p a share potential offer from WoolOvers Group. There would also be a contingent value right that would give shareholders the proceeds of any insurance claim related to business interruptions due to Covid lockdowns. Unbound management says it would be likely to accept this offer. The […]

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Verici Dx (LON: VRCI) continues to recover following last Wednesday’s operational announcement. Post kidney transplant rejection assessment product Tutiva has been launched and pre-transplant product Clarava should be launched before the end of 2023. The share price, up 57.1% to 11p, is the highest it has been since the beginning of February and 132% higher […]

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Vela Technologies (LON: VELA) reported an 8.3% increase in gross asset value of its investment portfolio to £6.93m in the fourth quarter of 2022. The sale of one-third of the stake in EnSilica (LON: ENSI) helped to crystalise the gain. There is £864,000 in the bank. Since the end of 2022, investee company Mode Global […]

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On Friday, there were the second highest trading volumes in Plexus Holdings (LON: POS) shares since flotation in 2005. There were 13.57 million shares traded. The most significant trade was worth £11,200. The highest level of trading was one year ago. The share price jumped 155% on the week to 4.15p. China-based Hainan Mining is […]

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Mirriad Advertising (LON: MIRI) is launching a strategic review and potentially putting itself up for sale. The share price rebounded 12.1% to 5.1p. The board of the programmatic advertising business believes that Mirriad Advertising is undervalued even though it continues to make heavy losses. Revenues were £1.51m in 2022 and there was £11.3m in cash, […]

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China-based Hainan Mining is funding the Bougouni lithium project that is wholly owned by Kodal Minerals (LON: KOD). A $100m investment will be made into a joint venture providing Hainan Mining with a 51% stake. The work on the construction of the mine will be overseen by Kodal Minerals. Hainan Mining is also subscribing $17.75m […]

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X-ray screening systems developer Image Scan (LON: IGE) has risen on the back of Braveheart Investment Group (LON: BRH) acquiring a 2.37% stake last week. Braveheart Investment bought 3.25 million shares at 1p a share. That was above the market price at the time. The share price has belatedly jumped by 23.1% to 1.2p. Image […]

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