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129752  Restaurant Group 2016-08-26 10:26:00  2016-08-26 11:24:56  2016-08-26 10:30:48  Restaurant shares up as it closes Frankie & Benny’s sites  Restaurant shares up as it closes Frankie & Benny’s sites      restaurant-shares-up-as-it-closes-frankie-bennys-sites-129752.html    <p> &nbsp;</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">Restaurant Group</a> plc (<a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">LON:RTN</a>) shares lifted as the market cheered the new strategy from the Frankie &amp; Benny’s owner, which will see it streamline operations and close 33 underperforming sites.</p> <p> The sites earmarked are 14 Frankie &amp; Benny's sites, 11 Chiquito sites and eight others.</p> <p> The poor performance at themed Frankie &amp; Benny's had suffered because of "unsuccessful menu development and poor operational execution," the firm said.</p> <p> In its interims for the 27 weeks to July 3, the chain said it was booking a £39.3mln one-off charge for the closures.</p> <p> This month, the firm hurriedly whisked its old chief executive Danny Breithaupt out of the door , setting the table for Andy McCue, deciding a new leader was needed to implement the initial actions outlined in the review.</p> <p> Shares have plunged 37% since the turn of the year.</p> <p> But the firm today reiterated its guidance for the 52 weeks and the interim dividend was maintained at 6.8p per share, underscoring the firm's confidence in looking ahead and on recent trading.</p> <p> The pre-tax profit was 3.7% lower at £36.6mln on revenues which were 3.4% higher at £358.7mln.</p> <p> Chairman Debbie Hewitt told investors: "This has been a challenging trading period for our Leisure brands, albeit with a good performance from our pubs and concessions businesses.</p> <p> "The board has moved quickly to undertake a review of the operating strategy and we now have clarity on the issues facing our Leisure brands, particularly Frankie &amp; Benny's.</p> <p> "The brand remains relevant and popular and we are confident that improved performance will be achieved by being more customer-focussed and data-driven, and through better operational execution."</p> <p> The group added: "Whilst the performance in the first half of 2016 was disappointing, the company is profitable, highly cash generative and retains a strong balance sheet.</p> <p> "The board has confidence that it has identified the issues impacting performance and is taking the correct actions to improve performance and create value for shareholders."</p> <p> Shares gained over 6% in early deals to stand at 433.5p.</p>   Restaurant Group plc (LON:RTN) shares lifted as the market cheered the new strategy from the Frankie & Benny’s owner, which will see it streamline operations and close 33 underperforming sites. The sites earmarked are 14 Frankie & Benny's sites, 11 Chiquito sites and eight others.   ARTICLE            View Edit Delete
129741  MARKET OPEN 2016-08-26 06:49:00  2016-08-26 14:22:29  2016-08-26 06:51:14  FTSE 100 flat as bank holiday and Yellen kept trading light  FTSE 100 flat as bank holiday and Yellen kept trading light      ftse-100-flat-as-bank-holiday-and-yellen-kept-trading-light-129741.html    <h3> London open</h3> <p> London’s markets were flat as a bank holiday weekend ahead and the start of the Jackson Hole symposium in the US kept trading subdued.</p> <p> FTSE 100 was around two points lower at 6,814.</p> <p> Among the big laggards was UK drugs firm&nbsp;<a href="http://www.proactiveinvestors.co.uk/LON:AZN/AstraZeneca/">AstraZeneca</a>&nbsp;plc (<a href="http://www.proactiveinvestors.co.uk/LON:AZN/AstraZeneca/">LON:AZN</a>) down 0.44% to 4,989p after the pharma&nbsp; sector took a hit from presidential candidate Hillary Clinton yesterday.</p> <p> Not for the first time, she pledged to crack down on excessive drug price rises.</p> <p> Janet Yellen's keynote speech at the banker symposium at Jackson Hole comes this afternoon with the market’s focus any hint of a US rate rise soon.</p> <p> Gold has been weak on the back of that possibility though sector leader <a class="companyPopupTrigger" href="-##!##-/LON:RRS/Randgold-Resources/" rel="3134">Randgold Resources</a> (<a class="companyPopupTrigger" href="-##!##-/LON:RRS/Randgold-Resources/" rel="3134">LON:RRS</a>) rallied a little to 7,640p on hopes the Fed chair will again be cautious in changing US monetary policy.</p> <p> Other miners also perked up with gains for Glencore (LON;GLEN) up 2.6% to 183.9p, <a class="companyPopupTrigger" href="-##!##-/LON:RIO/Rio-Tinto/" rel="2634">Rio Tinto</a> (<a class="companyPopupTrigger" href="-##!##-/LON:RIO/Rio-Tinto/" rel="2634">LON:RIO</a>) 1.5% to 2,424p and Antogagasta (<a class="companyPopupTrigger" href="-##!##-/LON:ANTO/Antofagasta-Plc/" rel="3995">LON:ANTO</a>) 1% higher at 533p.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">Restaurant Group</a> (<a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">LON:RTN</a>) was among the top risers on the FTSE 250 as investors applauded its decision to take tough action its ailing Frankie &amp; Benny’s and Chiquitos chains.</p> <p> Some 33 outlets will be chopped after new menus flopped and interim profits fell by almost 4%.</p> <p> Shares rallied by 7% to 436p.</p> <p> Among the smaller caps, San Leon Energy (<a class="companyPopupTrigger" href="-##!##-/LON:SLE/SAN-LEON-ENERGY-PLC/" rel="3477">LON:SLE</a>) was the stand out as it returned from a lengthy suspension after completing a complex deal that will end up with a new 10% stake in a Nigerian oil field.</p> <p> Private Equity group Toscafund will own around 54% of the oil and gas minnow after putting most of a £170mln funding at 45p.</p> <p> San Leon shares jumped 72% to 50p.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:ITM/ITM-Power-plc/" rel="514">ITM Power plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:ITM/ITM-Power-plc/" rel="514">LON:ITM</a>) rose 4% to 23.9p on its second fuel supply contract this week.</p> <p> Arcola Energy, which supports fleet operators will use ITM to supply hydrogen at £10/kg - the lowest priced hydrogen in the UK.</p> <p> North River Resources PLC (<a class="companyPopupTrigger" href="-##!##-/LON:NRRP/North-River-Resources-plc./" rel="694">LON:NRRP</a>) fell 7% to 13.5p on a further delay in the permit process for its Namib mine in Namibia.</p> <hr /> <h3> Open snapshot</h3> <p> A volatile market at the off saw FTSE 100 start lower.</p> <p> The blue chip index was down around 1o points at the open, at 6,806.</p> <p> Among the big laggards was UK drugs firm <a class="companyPopupTrigger" href="-##!##-/LON:AZN/AstraZeneca/" rel="3063">AstraZeneca</a> plc (<a class="companyPopupTrigger" href="-##!##-/LON:AZN/AstraZeneca/" rel="3063">LON:AZN</a>) down 0.44% to 4,989p after the pharma&nbsp; sector took a hit from presidential candidate Hillary Clinton yesterday.</p> <p> Not for the first time, she pledged to crack down on excessive drug price rises.</p> <p> Also ahead is Janet Yellen's keynote speech at the banker symposium at Jackson Hole and the markets are jumpy.</p> <hr /> <h3> PREVIEW</h3> <p> Britain's blue chip index is called to open flat as investors continue to look to the Fed chief's speech later at Jackson Hole.</p> <p> FTSE 100 closed on Thursday down 0.25% to 6,816 but today financial spreadbetters at IG are calling it to start 0.3 down.</p> <p> It comes after a mixed bag in Asia overnight and falls on Wall Street.</p> <p> The Dow Jones Industrial index&nbsp; closed down 0.18% to 18,448; the S&amp;P500&nbsp; shed 0.14% and the technology stock heavy Nasdaq was down 0.11% to 5,212.</p> <p> Shares on Wall Street took a hit from a drop in healthcare and consumer companies.</p> <p> In Asia, with an hour of trading to go, the Nikkei 225 in Japan is 0.5% down at 16,473 but the Shanghai Composite is 0.49% to the good at 3,083.</p> <p> The speech later from Janet Yellen is nervously awaited and will offer insight into the&nbsp; next installment of how Central Bank's intend to deal with globally slow growth and low interest rates.</p> <p> Of course the focus will be on whether she hints at a US rate rise on September 21 this year, but of course comments on general trends will also make the headlines.</p> <p> Stocks are falling in expectation of a rise this Autumn, and fears money will leave equities and head towards other things, such as loans.</p> <p> As with most of these events the hype and an anticipation is likely to outweigh the reality.</p> <p> Michael Hewson , at CMC&nbsp; Markets, said: "...it would be surprising if Mrs Yellen was either dovish or hawkish, though given the odds currently assigned to the prospect of a move in September the risk is likely to be towards the hawkish side, for no other reason than the Federal Reserve will want to keep markets guessing in the event we see an improvement in the economic data between now and September 21<sup>st</sup>."</p> <p> On the macro front later, the US will see second quarter gross domestic product (GDP) data.</p> <p> The UK, meanwhile, will also see the release of its own second quarter GDP data from the Office for National Statistics at 9am.</p> <p> Analysts expect the second estimate of economic growth to remain unchanged from the initial estimate for an annualised 2.2% and quarterly 0.6%.</p> <p> Significant announcements expected</p> <p> Interims: <a class="companyPopupTrigger" href="-##!##-/LON:CCC/Computacenter/" rel="3331">Computacenter</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:CCC/Computacenter/" rel="3331">LON:CCC</a>), Industrial Multi Property Trust PLC (LON:IMPT), <a class="companyPopupTrigger" href="-##!##-/LON:LVD/Lavendon-Group-plc/" rel="3301">Lavendon Group plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:LVD/Lavendon-Group-plc/" rel="3301">LON:LVD</a>), <a class="companyPopupTrigger" href="-##!##-/LON:MSLH/Marshalls/" rel="3088">Marshalls</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:MSLH/Marshalls/" rel="3088">LON:MSLH</a>), The <a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">Restaurant Group</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:RTN/Restaurant-Group/" rel="3142">LON:RTN</a>).</p> <h3> City headlines</h3> <p> <strong><a class="companyPopupTrigger" href="-##!##-/LON:SPD/Sports-Direct/" rel="3495">Sports Direct</a> faces L&amp;G anger as City turns the screw on corporate governance</strong></p> <p> <strong>Volkswagen may have to buy back more US cars</strong></p> <p> <strong>Lloyds boss fights for his future: Falling shares and a 'sordid' affair a perfect storm for Horta- Osorio</strong></p>     REPORT            View Edit Delete
129751  Rex Bionics PLC 2016-08-26 09:14:00  2016-08-26 09:22:06  2016-08-26 09:16:44  Rex Bionics aiming to maintain momentum with REX  Rex Bionics aiming to maintain momentum with REX      rex-bionics-aiming-to-maintain-momentum-with-rex-129751.html    <p> <a class="companyPopupTrigger" href="-##!##-/LON:RXB/Rex-Bionics-PLC/" rel="8422">Rex Bionics PLC</a>'s (<a class="companyPopupTrigger" href="-##!##-/LON:RXB/Rex-Bionics-PLC/" rel="8422">LON:RXB</a>) year to end March charted broad progress across all areas, including the first sales of its flagship robotic exoskeleton.</p> <p> The medtech group is the maker of the REX robot, which allows wheelchair users to get upright and walk about.</p> <p> The firm sold seven units in the year - two in the USA, three in Asia, one in the UK and one in Australia - the first since the group's initial public offering in May 2014.</p> <p> Revenues were therefore&nbsp; £0.45mln against £0.18 million in the comparative period related to&nbsp; sales and marketing services.</p> <p> The net loss was £4.87mln compared to a net loss of £5.30 million in the 16 months to end March 2015, while cash at hand is&nbsp; £1.86 million (31 March 2015: £4.37 million).</p> <p> Other highlights of the period included the first successful personal injury claims awarding insurance funding for wheelchair users to access REX, partnership and distribution agreements signed in the US, China, Hong Kong and Europe,&nbsp; and a tie-up with the US Army to evaluate the use of REX for the early rehabilitation of amputees.</p> <p> Recent highlights include the receipt of 1mln following an investment from Chinese listed Maxhealth Medicine Co Ltd and positive spinal cord results from the latest RAPPER II trial in the USA.</p> <p> The firm has also moved now to promote REX's unique potential for patients with the most severe neurological injuries (typically people with quadriplegia or who have had a stroke).</p> <p> At the current burn rate, the firm has cash into the second quarter of 2017, it said today.</p> <p> " Additional funding will continue to be required, but the board remains confident that this will be forthcoming if the progress achieved over the last period in the development of the business can be maintained."</p> <p> Rex shares were unchanged at 32.5p.</p>   Rex Bionics PLC's (LON:RXB) year to end March charted broad progress across all areas, including the first sales of its flagship robotic exoskeleton. The medtech group is the maker of the REX robot, which allows wheelchair users to get upright and walk about.   NEWS          View Edit Delete
129750  SolGold plc 2016-08-26 09:01:00  2016-08-26 16:51:35  2016-08-26 09:09:37  SolGold to speed up Cascabel exploration as cash comes in  SolGold to speed up Cascabel exploration as cash comes in  copper, Ecuador, placing, cash, exploration    solgold-to-speed-up-cascabel-exploration-as-cash-comes-in-129750.html    <p style="text-align: justify;"> Copper explorer <a class="companyPopupTrigger" href="-##!##-/LON:SOLG/SolGold-plc/" rel="923">SolGold plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:SOLG/SolGold-plc/" rel="923">LON:SOLG</a>) has received the first chunk of cash from its recent substantial funding with Maxit Capital.</p> <p style="text-align: justify;"> Solgold will use the money to speed up exploration of its Cascabel project in Ecuador where drilling at one target, Alpala, has already indicated very large amounts of &nbsp;copper.</p> <p style="text-align: justify;"> Maxit has bought US$15.7m worth of shares though SolGold will issue US$21.5mln (£16.1mln) in total as management and employees have converted money they were owed and <a class="companyPopupTrigger" href="-##!##-/ASX:DGR/DGR-Global/" rel="1595">DGR Global</a> has swapped a US$4.4mln loan into equity.</p> <p style="text-align: justify;"> Maxit has an option to inject a further US$15mln.</p> <p style="text-align: justify;"> The shares were issued at 6p.</p> <p style="text-align: justify;"> Nick Mather, SolGold’s executive director, said: "We are very pleased to have Maxit and a number of its clients as shareholders, and now have the funds available to enable aggressive drill testing of the other seven priority targets in the Cascabel cluster, and the definition of a maiden resource at Alpala."</p>   Nick Mather, SolGold’s executive director, said: "We are very pleased to have Maxit and a number of its clients as shareholders, and now have the funds available to enable aggressive drill testing of the other seven priority targets in the Cascabel cluster, and the definition of a maiden resource at Alpala."  ARTICLE            View Edit Delete
129747  Xtract Resources PLC 2016-08-26 08:05:00  2016-08-26 08:07:42  2016-08-26 08:07:42  Xtract Resources names Bird executive chairman  Xtract Resources names Bird executive chairman      xtract-resources-names-bird-executive-chairman-129747.html    <p> <a href="-##!##-/LON:XTR/Xtract-Resources-PLC/" class="companyPopupTrigger" rel="1106">Xtract Resources PLC</a> (<a href="-##!##-/LON:XTR/Xtract-Resources-PLC/" class="companyPopupTrigger" rel="1106">LON:XTR</a>) revealed Colin Bird had been elevated to the role of executive chairman of the firm.</p> <p> He was previously non-executive director and the move is with immediate effect, the mining firm said.</p> <p> Xtract is exploring for gold and copper in Chile and South Africa, and has a mine in Chile.</p> <p> Earlier this month, it said it hadn’t yet received a US$2mln down-payment on the US$15mln purchase of the&nbsp; Manica gold project in Mozambique.</p> <p> Buyers Nexus Capital Limited and Mineral Technologies were expected to have provided the initial funds by August 12 this year.</p> <p> Xtract said the two sides were currently in talks over the present structure of the deal, which was originally struck for US$17.5mln.</p> <p> “These discussions may result in further revisions to the terms of the transaction, and also amendments to the terms of the company's existing joint venture agreement with MTI to mine the alluvial gold deposit at Manica, to ensure that all parties are able to focus resources on their principal objectives at Manica," it said.</p> <p> In the same update, Xtract said that it still needs to make a final payment Auroch Minerals of US$1.65mln related to its initial purchase of Manica last summer.</p> <p> “The parties are in discussions” in this regard, it company added.</p> <p> At Chepica, the company’s gold and copper mine in Chile, the refurbishment of the crushing plant and construction of a new floatation plant have begun and are “progressing on schedule”.</p> <p> Xtract said it had paid US$150,000 as part of an option agreement when it bought Chepica and is “on-going discussions” regarding the further US$3.5mln due.</p>   Xtract Resources PLC (LON:XTR) revealed Colin Bird had been elevated to the role of executive chairman of the firm. He was previously non-executive director and the move is with immediate effect, the mining firm said. Xtract is exploring for gold and copper in Chile and South Africa, and has a mine in Chile.   NEWS          View Edit Delete
129746  Electrical Geodesics 2016-08-26 07:54:00  2016-08-26 07:57:53  2016-08-26 07:57:53  Electrical Geodesics receives North America boost  Electrical Geodesics receives North America boost      electrical-geodesics-receives-north-america-boost-129746.html    <p> AIM-listed neuro-diagnostic specialist <a href="-##!##-/LON:EGI/Electrical-Geodesics/" class="companyPopupTrigger" rel="8362">Electrical Geodesics</a> (<a href="-##!##-/LON:EGI/Electrical-Geodesics/" class="companyPopupTrigger" rel="8362">LON:EGI</a>) saw its North America revenues rise quite sharply in the first half as it said its technology was gaining a firm foothold in research markets.</p> <p> Sales for the six months to June 30 advanced 27% to US$6.6mln, while in the US and Canada growth was 45% to US$3.2mln.</p> <p> Cost controls helped staunch losses at US$1.9mln, down from US$2.3mln a year earlier.</p> <p> Founded in 1992, EGI has developed a range of products that monitor, interpret and modulate brain activity.</p> <p> These devices are based on the firm’s dense array electroencephalography (dEEG) technology that provides a much higher resolution brain activity data compared with conventional methods.</p> <p> Its dEEG equipment has medical, clinical and research applications and can be used to diagnose and monitor of epilepsy. It is also deployed in sleep assessment and for neurosurgical planning.</p> <p> In June the company launched a number of new products in the first half including Transcranial Electrical Neuromodulation system.</p> <p> Chief executive Don Tucker told investors:&nbsp; "We believe that dense-array EEG has gained a firm foothold in our core research markets.</p> <p> “With this growing visibility we expect to see improving acceptance of dEEG in the much larger clinical markets for neuro-diagnostics and pre-surgical planning where our source localisation technology can play an important role." &nbsp;</p>   AIM-listed neuro-diagnostic specialist Electrical Geodesics (LON:EGI) saw its North America revenues rise quite sharply in the first half as it said its technology was gaining a firm foothold in research markets. Sales for the six months to June 30 advanced 27% to US$6.6mln, while in the US and Canada growth was 45% to US$3.2mln.  NEWS          View Edit Delete
129745  Victoria Oil & Gas plc 2016-08-26 07:43:00  2016-08-26 07:56:00  2016-08-26 07:56:00  VOG to proceed with drilling despite latest legal challenge by RSM   VOG to proceed with drilling despite latest legal challenge by RSM       vog-to-proceed-with-drilling-despite-latest-legal-challenge-by-rsm-129745.html    <p> <a href="-##!##-/LON:VOG/Victoria-Oil-%26amp%3B-Gas-plc/" class="companyPopupTrigger" rel="1063">Victoria Oil &amp; Gas plc</a> (<a href="-##!##-/LON:VOG/Victoria-Oil-&-Gas-plc/" class="companyPopupTrigger" rel="1063">LON:VOG</a>) has given investors details about an arbitration process with RSM Production Corporation, which is a stakeholder in the Logbaba field.</p> <p> A prior battle between VOG and RSM resulted in the latter being reinstated as a partner in the field. There have been a number of disagreements between the parties relating to the investments into the field and the payment of cash calls for the operations.</p> <p> The AIM quoted company in a stock market statement today acknowledged a recent media report and confirmed that RSM filed a request for arbitration with the International Chamber of Commerce (ICC) in relation to VOG’s selected rig and drilling contractor for a two new well programme at the Logbaba.</p> <p> It also noted that RSM separately filed a complaint and application for injunction with a US court seeking a temporary court order to halt the drilling operations while the arbitration proceeds.</p> <p> Subsequently, RSM withdrew the request for injunction and dismissed its complaint.</p> <p> “The arbitration is still pending,” VOG said in the statement.</p> <p> “Arbitration in the ICC is a confidential process, VOG is not permitted to comment on it, beyond saying, as it did in its response to RSM's application for injunction, that RSM approved the 2016 work program and budget including the drilling program in question and there is no basis to challenge the choice of the rig or drilling contractor.”</p> <p> VOG meanwhile highlighted that the drill rig was currently in Cameroon, being assembled, and the spudding of the two wells is now imminent.</p> <p> It added that the GDC operating subsidiary remains well placed to fund drilling operations from project revenues and bank debt, until such time as the arbitration with RSM concludes.</p>   VOG has given investors details about an arbitration process with RSM Production Corporation, which is a stakeholder in the Logbaba field. A prior battle between VOG and RSM resulted in the latter being reinstated in the field. There have been a number of disagreements between the parties relating to the investments into the field and the payment of cash calls for the operations.  NEWS          View Edit Delete
129744  Metal Tiger 2016-08-26 07:39:00  2016-08-26 07:45:54  2016-08-26 07:45:54  Metal Tiger to clear way for dividend payments   Metal Tiger to clear way for dividend payments   dividends, mining, balance sheet, meeting    metal-tiger-to-clear-way-for-dividend-payments-129744.html    <p> <a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">Metal Tiger</a> PLC (<a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">LON:MTR</a>) has proposed a restructuring of its balance sheet to clear the way for dividend payments.</p> <p> Shareholders will vote in October on a capital reduction that will eliminate historical losses being carried at the moment.</p> <p> Metal Tiger has a range of direct resource investments and stakes in other junior miners.</p> <p> Paul Johnson, chief executive, said: “A key corporate objective for Metal Tiger is to pay dividends and/or distribute portfolio interests to shareholders.</p> <p> <strong><em>“</em></strong>As the investments of the company mature and increase in value and as we move into a phase where value may be crystallised within the portfolio, we are keen to be in the position to distribute should the company wish to do so.</p> <p> “In order to allow the company to undertake this expeditiously we intend to apply to the High Court to secure the cancellation of existing deferred shares and the share premium account."</p> <p> Separately, Metal Tiger said it had issued US$400,000 worth of shares to its partner in joint venture in Thailand that aims to develop the Song Toh and Boh Yai silver-lead-zinc mines.</p> <p> &nbsp;</p>   Paul Johnson, chief executive, said: “A key corporate objective for Metal Tiger is to pay dividends and/or distribute portfolio interests to shareholders. “As the investments of the Company mature and increase in value and as we move into a phase where value may be crystallised within the portfolio, we are keen to be in the position to distribute should the company wish to do so.  NEWS          View Edit Delete
129743  ITM Power plc 2016-08-26 07:34:00  2016-08-26 13:14:07  2016-08-26 07:38:02  ITM Power plc signs fuel contract with Arcola Energy  ITM Power plc signs fuel contract with Arcola Energy      itm-power-plc-signs-fuel-contract-with-arcola-energy-129743.html    <p> ITM Power (<a class="companyPopupTrigger" href="-##!##-/LON:ITM/ITM-Power-plc/" rel="514">LON:ITM</a>), which produces hydrogen fuel for vehicles, has increased its portfolio of customers - striking a deal with Arcola Energy, which supports fleet operators.</p> <p> ITM will supply hydrogen at £10/kg - the lowest priced hydrogen in the UK.</p> <p> It follows Arcola's deal with Symbio FCell to provide an integrated package of zero emission commercial vehicles, on-site fuel and after-sales support for UK commercial fleet operators.</p> <p> Carbon emissions from hydrogen-fuelled vans are much lower than traditional diesel vehicles and the UK government wants 65 refuelling stations in and around London and the south east by 2020 to help ease air pollution.</p> <p> ITM plans to open four new refuelling stations along the M25 this year supported by the UK government, European Union and major car manufacturers.</p> <p> The Renault Kangoo ZE-H2 electric van with fuel cell range extender from Symbio FCell is now in production and offers a range of over 200 miles, more than double the range of the electric-only van.</p> <p> Arcola&nbsp; provides sales, deployment support, maintenance and engineering support for these vans in the UK.</p> <p> ITM's chief executive Dr Graham Cooley told investors: "This agreement with Arcola, the exclusive importer of the Symbio FCell range-extended Renault Kangoo ZE van, is another step in building a portfolio of fuel customers.</p> <p> "Following on from the contracts with Toyota and Commercial Group, we are very pleased to be working with Arcola and to be supporting their fleet customers at our hydrogen refuelling stations."</p> <p> Dr Ben Todd, chief executive and founder of Arcola, added: "We are delighted that we can now offer our commercial fleet operators a contract for hydrogen fuel.</p> <p> "The price of £10 per kg for green hydrogen proves out many of our customers' business models and is the lowest priced hydrogen in the UK.</p> <p> "Key to commercial deployment of hydrogen for fleet operators is a secure contracted price for the fuel and so we are delighted to have signed this agreement which can be passed through to our customers."</p> <p> It's been a busy week for ITM. On Tuesday, it inked a fuel supply contract with Commercial Group, one of the UK’s pioneers in the commercial use of hydrogen-fuelled vehicles - also for hydrogen at £10/kg from its network of refuelling stations.</p>   ITM Power (LON:ITM), which produces hydrogen fuel for vehicles, has increased its portfolio of customers - striking a deal with Arcola Energy, which supports fleet operators. ITM will supply hydrogen at £10/kg - the lowest priced hydrogen in the UK. It follows Arcola's deal with Symbio FCell to provide an integrated package of zero emission commercial vehicles..  ARTICLE            View Edit Delete
129742  Sound Energy PLC 2016-08-26 07:21:00  2016-08-26 07:26:41  2016-08-26 07:26:41  Sound Energy starts work on second Morocco well  Sound Energy starts work on second Morocco well      sound-energy-starts-work-on-second-morocco-well-129742.html    <p> <a href="-##!##-/LON:SOU/Sound-Energy-PLC/" class="companyPopupTrigger" rel="927">Sound Energy PLC</a> (<a href="-##!##-/LON:SOU/Sound-Energy-PLC/" class="companyPopupTrigger" rel="927">LON:SOU</a>) has begun drilling its second gas well on the Tendrara concession, onshore in Morocco following the recent success of the first.</p> <p> Work on TE-7 got underway on Thursday with aim of proving there are “sufficient” gas volumes as well assessing well “deliverability” to allow it develop a field development plan.</p> <p> The latest drilling is taking place around 1.6 kilometres from the site of TE-6 and will go down to 3,440 meters.</p> <p> It will then be steered at an 88 degree angle into the TAGI reservoir to provide a horizontal drain of between 600 and 900 metres.</p> <p> The plan is to test the well for 70 days to give a comprehensive read-out from TE-7.</p> <p> Drilling is likely to take 54 days, completion and simulation a month with clean up and initial well testing requiring a further 10 days.</p> <p> “The company looks forward to updating shareholders on achievement of each of the three casing points and achievement of total depth,” said Sound in a stock exchange announcement.</p> <p> “The final results of the well will be announced after the initial well test.”</p>   Sound Energy PLC (LON:SOU) has begun drilling its second gas well on the Tendrara concession, onshore in Morocco following the recent success of the first. Work on TE-7 got underway on Thursday with aim of proving there are “sufficient” gas volumes as well assessing well “deliverability” to allow it develop a field development plan.  ARTICLE            View Edit Delete
129737  Carube Copper 2016-08-25 15:16:00  2016-08-26 10:34:01  2016-08-25 15:19:28  Carube Copper secures rights for Quebec platinum palladium project  Carube Copper secures rights for Quebec platinum palladium project  copper mining, palladium, platinum    carube-copper-secures-rights-for-quebec-platinum-palladium-project-129737.html    <p> <a href="-##!##-/CVE:CUC/Carube-Copper/" class="companyPopupTrigger" rel="14686">Carube Copper</a> Corp. (<a href="-##!##-/CVE:CUC/Carube-Copper/" class="companyPopupTrigger" rel="14686">CVE:CUC</a>) announced on Thursday that it secured rights to acquire the Fiedmont Platinum Group Elements Project in Quebec.</p> <p> The agreement is subject to a 2% NSR and Carube must make the first of four scheduled payments with vendors to move forward.</p> <p> Fiedmont includes 54 mining claims covering 23 square kilometers, in a section of Quebec close to Val d’Or, a major mining and service center.</p> <p> Fiedmont and the Lac des Iles mining complex is one of only two primary producers of palladium in the world.</p>   Carube Copper Corp. announced on Thursday that it secured rights to acquire the Fiedmont Platinum Group Elements Project in Quebec. The agreement is subject to a 2% NSR and Carube must the first of four scheduled payments with vendors to move forward.  NEWS      View Edit Delete
129731  Amazing Energy Oil and Gas, Co. 2016-08-25 13:04:00  2016-08-26 10:32:08  2016-08-25 13:09:01  Amazing Energy continues development in Pecos County, Texas  Amazing Energy continues development in Pecos County, Texas  oil and gas, energy    amazing-energy-continues-development-in-pecos-county-texas-129731.html    <p> Amazing Energy Oil and Gas Co. (<a href="-##!##-/OTCMKTS:AMAZ/Amazing-Energy-Oil-and-Gas,-Co./" class="companyPopupTrigger" rel="14685">OTCMKTS:AMAZ</a>) has closed its acquisition of Jilpetco, Inc, and oil and gas production service, improving its production capacity while improving operational and cost controls over its leasehold, the company announced on Thursday.</p> <p> “The acquired equipment includes workover rigs, as well as various service equipment needed to respond quickly to maintaining and increasing our production,” said Amazing Energy COO Reese Pinney.</p> <p> “Also included in the Jilpetco transaction, we have purchased a drilling rig, which is perfectly sized for the shallow Queen Sand wells we are drilling, thereby providing further control over timing and costs,” Pinney added.</p> <p> The new equipment will help the company add capacity when the oil and gas industry returns to better days, as services in the sector become more costly and harder to obtain.</p> <p> Amazing Energy is starting a workover program on four wells within the next 60 days, Pinney explained. “The last four wells that had this work done had an average reported IP of 80 barrels per day. Replication of this would add significantly to the company’s new cash flow, even at today’s product prices.”</p>   Amazing Energy Oil and Gas Co. has closed its acquisition of Jilpetco, Inc, and oil and gas production service, improving its production capacity while improving operational and cost controls over its leasehold, the company announced on Thursday. “The acquired equipment includes workover rigs, as well as various service equipment."  NEWS      View Edit Delete
129732  END OF DAY NEWS WRAP 2016-08-25 18:04:00  2016-08-26 07:47:57  2016-08-25 18:29:22  UK shares close lower, wary of Fed speech, pharma dragged down by Clinton remarks  UK shares close lower, wary of Fed speech, pharma dragged down by Clinton remarks      uk-shares-close-lower-wary-of-fed-speech-pharma-dragged-down-by-clinton-remarks-129732.html    <p> London shares closed lower on Thursday, nestled in negative territory throughout the session, as investors turned wary ahead of Fed chair Janet Yellen’s speech at Jackson Hole on Friday and pharma stocks were singed by Hillary Clinton’s proposals to crack down on drug pricing.</p> <p> The FTSE 100 index ended down 0.3% at 6,816 with some of the blue-chip ticker’s biggest fallers those stocks which declared ex-dividend.</p> <p> Hikma Pharma (<a class="companyPopupTrigger" href="-##!##-/LON:HIK/Hikma-Pharmaceuticals/" rel="3452">LON:HIK</a>) was down the most, by 3.5% to 2,150p, after Presidential candidate Clinton commented on pharmaceutical pricing that hit peers across the Atlantic overnight. Clinton joined senators Susan Collins and Claire McCaskill in highlighting US-based Mylan's (<a class="companyPopupTrigger" href="-##!##-/NASDAQ:MYL/Mylan-Inc.-/" rel="5538">NASDAQ:MYL</a>) 480% hike in the price of its EpiPen epinephrine product since the company acquired it in 2007.</p> <p> It was joined by <a class="companyPopupTrigger" href="-##!##-/LON:SHP/Shire-Plc/" rel="3070">Shire Plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:SHP/Shire-Plc/" rel="3070">LON:SHP</a>) down 2.45% to 4902p.</p> <p> Among those trading without entitlement to their latest dividend pay-out were Dixons Carphone (LON:DC), <a class="companyPopupTrigger" href="-##!##-/LON:TW./Taylor-Wimpey/" rel="3455">Taylor Wimpey</a> (<a class="companyPopupTrigger" href="-##!##-/LON:TW./Taylor-Wimpey/" rel="3455">LON:TW.</a> and <a class="companyPopupTrigger" href="-##!##-/LON:HMSO/Hammerson/" rel="3099">Hammerson</a> (<a class="companyPopupTrigger" href="-##!##-/LON:HMSO/Hammerson/" rel="3099">LON:HMSO</a>), all down.</p> <p> Dixons shares, the second-biggest faller, closed down 3.3% to 374.3p, <a class="companyPopupTrigger" href="-##!##-/LON:HMSO/Hammerson/" rel="3099">Hammerson</a>, the third biggest faller of 2.8% to 574p followed by Taylor down 2.6% to 164.1p.</p> <p> Others included the <a class="companyPopupTrigger" href="-##!##-/LON:LSE/London-Stock-Exchange/" rel="1123">London Stock Exchange</a> Group (<a class="companyPopupTrigger" href="-##!##-/LON:LSE/London-Stock-Exchange/" rel="1123">LON:LSE</a>), which shed 0.7% to 2,791p.</p> <p> The mid-cap FTSE 250 ended down 0.7% to 17,882, while the FTSE AIM 100 Index lost 0.7% to 3,748 and the FTSE AIM All-Share Index was down 0.3% to 789.</p> <p> London gainers amounted to just 23%, while losers and unchanged matched at 38%.</p> <hr /> <p> <strong>Midsession</strong></p> <p> London’s FTSE 100 had narrowed the morning’s early losses by midday with the blue-chip benchmark down just 12 points, 0.18%, for the day.</p> <p> At 1:00pm the FTSE 100 was priced at around 6,820.</p> <p> Pressure remains on City’s pharmaceutical stocks following Hillary Clinton put scrutiny back on the so-called ‘price gouging’ in the sector.</p> <p> Attentions are now turning to Jackson Hole – a town in Wyoming that annually hosts a Federal Reserve policy symposium - where Fed chair Janet Yellen is scheduled to speak tomorrow.</p> <p> “Yellen’s speech at Jackson Hole tomorrow remains the headline act this week and prior to that I expect traders to proceed with caution,” said Craig Erlam, analyst at Oanda.</p> <p> “This event has often been used to warn about upcoming policy changes and whether that is the next hike or a more dovish Fed, we’ll have to wait and see.”</p> <p> That said, Erlam added that he wouldn’t be surprised if the event turned out to be an anti-climax should Yellen “once again keeps her cards very close to her chest.”</p> <blockquote data-lang="en"> <p dir="ltr"> Now big shareholders stick it to&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:SPD/Sports-Direct/" rel="3495">Sports Direct</a>&nbsp;<a href="https://t.co/x1n6Q5OpLL">https://t.co/x1n6Q5OpLL</a></p> — Proactive News Desk (@UK_Proactive)&nbsp;<a href="https://twitter.com/UK_Proactive/status/768785252261167104">August 25, 2016</a></blockquote> <h3> Pharma hit as Clinton puts fresh scrutiny on drug prices - 10:30am</h3> <p> London’s FTSE 100 gave up more than 50 points on Thursday morning with pharmaceutical stocks among the biggest fallers after an American presidential candidate sparked fresh uncertainty.</p> <p> Whilst markets are more vaguely unsettled at the uncertainties posed by Donald Trump potentially becoming ‘leader of the Free World’, Hillary Clinton’s quite specific new comments have spooked investors in drug stocks.</p> <p> Clinton, amid stateside controversy over perceived over charging for drug treatments, publicly called on Mylan to reduce the price of its EpiPen treatment for severe allergies which is said to have increased by more than 400% in the past decade.</p> <p> The Democrat has already said on the campaign trail that she would ‘fight’ pharmaceutical companies as a pledge to help lower costs for consumers.</p> <p> “Hillary Clinton’s attack on the price gauging of an allergy medicine is expected to continue to weigh on the healthcare sector,” said Jasper Lawler, analyst at&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:CMCX/CMC-Markets/" rel="14478">CMC Markets</a>.</p> <p> He added: “Her statements reaffirm a fear in the industry that a Clinton presidency would see a serious crackdown on pharmaceutical price gauging.”</p> <p> Timing could perhaps be better for generic medicine maker&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:HIK/Hikma-Pharmaceuticals/" rel="3452">Hikma Pharmaceuticals</a>&nbsp;Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:HIK/Hikma-Pharmaceuticals/" rel="3452">LON:HIK</a>), which yesterday revealed teething problems with a recent acquisition, as it was marked as the FTSE 100’s biggest loser, down 5.4% at 2,109.5p.</p> <p> <a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:SHP/Shire-Plc/" rel="3070">Shire Plc</a>&nbsp;(<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:SHP/Shire-Plc/" rel="3070">LON:SHP</a>) meanwhile lost 4.2% in early deals.&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:AZN/AstraZeneca/" rel="3063">AstraZeneca</a>&nbsp;Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:AZN/AstraZeneca/" rel="3063">LON:AZN</a>) gave up 2.4% and&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:GSK/GlaxoSmithKline/" rel="3067">GlaxoSmithKline</a>&nbsp;Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:GSK/GlaxoSmithKline/" rel="3067">LON:GSK</a>) dipped 1.3%.</p> <p> Elsewhere it was another down day for Glencore Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:GLEN/Glencore-International/" rel="3766">LON:GLEN</a>) as the commodity trader turned miner declined another 4.5%, as pressure on the stock persisted after it reported losses on Wednesday.</p> <p> CRH, the Irish cement and building materials group, was the top FTSE 100 performer as it rose 2.8% to 2,539p following interim results that showed a recovery in its US markets. Earnings increased by 20% to €1.12bn for the half year.</p> <p> Ian Forrest, analyst at The Share Centre online broker, described the six monthly financials as “impressive”, highlighting positive effects of two major acquisitions.</p> <p> Few other FTSE 100 risers could be deemed particularly notable, although&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:MKS/Marks-%26amp%3B-Spencer/" rel="3181">Marks &amp; Spencer</a>&nbsp;Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:MKS/Marks-&amp;-Spencer/" rel="3181">LON:MKS</a>) added 2.2% and WPP Plc (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:WPP/WPP-group/" rel="3273">LON:WPP</a>) gained 1.8%.</p> <blockquote data-lang="en"> <p dir="ltr"> Risers &amp; Fallers: Taihua, Kibo Mining,&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:BZM/Bellzone-Mining/" rel="3689">Bellzone Mining</a>...&nbsp;<a href="https://t.co/1FkY2fahIk">https://t.co/1FkY2fahIk</a></p> — Proactive News Desk (@UK_Proactive)&nbsp;<a href="https://twitter.com/UK_Proactive/status/768746729432809472">August 25, 2016</a></blockquote> <h3> FTSE 100 starts Thursday’s trading on the back foot - 8.15am&nbsp;</h3> <p> The FTSE 100 fell 24 points to 6,811.&nbsp;&nbsp;</p> <p> The top winner was&nbsp;CRH (<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:CRH/CRH-PLC/" rel="3447">LON:CRH</a>), up 21 points to 2,490p.</p> <p> The biggest loser was&nbsp;<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:SHP/Shire-Plc/" rel="3070">Shire Plc</a>&nbsp;(<a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:SHP/Shire-Plc/" rel="3070">LON:SHP</a>), down 3% to 4,886p.</p> <h3> News</h3> <p> <a href="http://www.proactiveinvestors.co.uk/companies/news/129699/optibiotix-in-good-heart-at-the-half-way-point-129699.html">OptiBiotix in good heart at the half-way point</a></p> <p> <a href="http://www.proactiveinvestors.co.uk/companies/news/129698/zamanos-strong-first-half-sales-helps-mitigate-increased-investment-129698.html">Zamano’s strong first half sales helps mitigate increased investment</a></p> <p> <a href="http://www.proactiveinvestors.co.uk/companies/news/129703/bushveld-minerals-closes-share-placing-129703.html">Bushveld Minerals closes share placing</a></p> <blockquote data-lang="en"> <p dir="ltr"> <a href="http://www.proactiveinvestors.co.uk/market_reports/edit/-##!##-/LON:CHOO/Jimmy-Choo/" rel="10664">Jimmy Choo</a>&nbsp;gets a "woo!" from Liberum - @JimmyChooLtd&nbsp;<a href="https://t.co/PfV2nkoldI">https://t.co/PfV2nkoldI</a></p> — Proactive News Desk (@UK_Proactive)&nbsp;<a href="https://twitter.com/UK_Proactive/status/768753536607875073">August 25, 2016</a></blockquote> <h3> Preview at 7.01am</h3> <p> London’s FTSE 100 is expected to start Thursday on the back foot following Wall Street and crude lower.</p> <p> Brent crude was down about 1.7%, changing hands at around US$49 per barrel, &nbsp;after hopes for a production freeze at OPEC were somewhat diminished while US inventories data also underscored the current glut in supply.</p> <p> US equities last night closed lower, particularly pharmaceuticals which got a fresh jolt after presidential candidate Hillary Clinton gave a reminder, via social media, that she promises a harder line on drug pricing.</p> <p> Wall Street’s main benchmark backed off. The Dow Jones ended Wednesday’s session down 65 points, 0.35%, at 18,481. The S&amp;P 500 and Nasdaq, meanwhile, fell 0.5% and 0.8% respectively to end the day’s trading at 2,175 and 5,217 respectively.</p> <p> Trading in&nbsp; Asia has been mixed. Japan’s Nikkei dipped 0.26% to 16,554 while Hong Kong’s Hang Seng edged 0.2% higher. The Shanghai Composite meanwhile fell 0.85% to 3,059.</p> <p> Australia’s ASX 200 was down 0.4% to 5,540.</p> <p> In London, spread betting and CFD group IG Markets sees the FTSE 100 just over 10 points lower, with the benchmark called at 6,820 to 6,824 about an hour before the trading day properly begins.</p>     REPORT            View Edit Delete
129726  MARKET PREVIEW 2016-08-25 17:00:00  2016-08-25 15:57:20  2016-08-25 15:57:20  Friday preview: All eyes on Jackson Hole  Friday preview: All eyes on Jackson Hole      friday-preview-all-eyes-on-jackson-hole-129726.html    <p> The US Federal Reserve’s highly anticipated annual conference in Jackson Hole will be the focus of attention Friday.</p> <p> Chair Janet Yellen will deliver a speech around 3pm British Time. Analysts will be listening out for any hints of a change to interest rates this year.</p> <p> “Yellen’s speech at Jackson Hole tomorrow remains the headline act this week and prior to that I expect traders to proceed with caution,” said Craig Erlam, analyst at Oanda.</p> <p> “This event has often been used to warn about upcoming policy changes and whether that is the next hike or a more dovish Fed, we’ll have to wait and see.”</p> <p> That said, Erlam added that he wouldn’t be surprised if the event turned out to be an anti-climax should Yellen “once again keeps her cards very close to her chest.”</p> <p> On top of that, the US will see second quarter gross domestic product (GDP) data from the Commerce department early afternoon British Time.</p> <p> Economists are expecting the GDP to be revised to an annualised rise of 1.1% in the second quarter, compared to preliminary estimate of 1.2% growth. GDP in the first quarter rose 0.8%.</p> <p> The UK, meanwhile, will also see the release of its own second quarter GDP data from the Office for National Statistics at 9am.</p> <p> Analysts expect the second estimate of economic growth to remain unchanged from the initial estimate for an annualised 2.2% and quarterly 0.6%.</p> <p> It compares to GDP in the first quarter of 2.1% year-on-year and 0.4% quarter-on-quarter growth.</p> <p> Significant announcements expected</p> <p> <strong>Interims:</strong> <a href="-##!##-/LON:CCC/Computacenter/" class="companyPopupTrigger" rel="3331">Computacenter</a> PLC (<a href="-##!##-/LON:CCC/Computacenter/" class="companyPopupTrigger" rel="3331">LON:CCC</a>), Industrial Multi Property Trust PLC (LON:IMPT), <a href="-##!##-/LON:LVD/Lavendon-Group-plc/" class="companyPopupTrigger" rel="3301">Lavendon Group plc</a> (<a href="-##!##-/LON:LVD/Lavendon-Group-plc/" class="companyPopupTrigger" rel="3301">LON:LVD</a>), <a href="-##!##-/LON:MSLH/Marshalls/" class="companyPopupTrigger" rel="3088">Marshalls</a> PLC (<a href="-##!##-/LON:MSLH/Marshalls/" class="companyPopupTrigger" rel="3088">LON:MSLH</a>), The Restaurant Group PLC (<a href="-##!##-/LON:RTN/Restaurant-Group/" class="companyPopupTrigger" rel="3142">LON:RTN</a>)</p>     REPORT            View Edit Delete
129729  Strategic Minerals PLC 2016-08-25 16:35:00  2016-08-25 16:41:51  2016-08-25 16:41:51  Strategic Minerals sees sharply higher iron ore revenues   Strategic Minerals sees sharply higher iron ore revenues   iron, US, New Mexico, sales, tailings    strategic-minerals-sees-sharply-higher-iron-ore-revenues-129729.html    <p> Strategic Minerals (<a href="-##!##-/LON:SML/Strategic-Minerals-PLC/" class="companyPopupTrigger" rel="3790">LON:SML</a>) saw iron ore revenues pick up sharply in the three months to June.</p> <p> The group operates a magnetite tailings operation at Cobre in New Mexico and income rose to US$327,000 (US$170,000) with tonnage shipped almost doubling to 4,839.</p> <p> For the 12 months to June, revenues rose to US$1.32mln from US$887,000.</p> <p> Strategic added there was also potential to raise sales at Cobre ‘significantly’.</p> <p> “Underlying sales are on the rise in Cobre with a new large client commencing shipments in August.&nbsp;</p> <p> “Should other sales remain unaffected, and the new client maintains their expected demand, sales volumes could significantly increase in the coming year,” it said.</p> <p> Elsewhere, Strategic added it is analysing results from drilling at nickel deposit Hanns Camp being explored by partner CARE.</p> <p> Over the quarter it also took out an option over a tin and tungsten project in Cornwall [Redmoor].</p> <p> Cash at the end of June amounted to US$0.84mln.</p> <p> John Peters, Strategic’s managing director, said cash flow from Cobre underpinned operations while recent activity suggested significant sales volume growth.</p> <p> “Over the next quarter, management and the board intend to focus on securing additional sales in Cobre, looking to extend, if possible, the formal access period to the Cobre magnetite stockpile, work on securing funding of the Redmoor option and develop plans for exploration of the CARE tenements," he said.</p>   John Peters, Strategic’s managing director ,said cash flow from Cobre underpinned operations while recent activity suggested significant sales volume growth. “Over the next quarter, management and the board intend to focus on securing additional sales in Cobre, work on securing funding of the Redmoor option and develop plans for exploration of the CARE tenements," he said.  NEWS          View Edit Delete
129728  END OF DAY NEWS WRAP 2016-08-25 16:15:00  2016-08-25 16:08:05  2016-08-25 16:08:05  Proactive news highlights: Anglo Pacific, Bushveld, Challenger, Haydale and Metal Tiger.  Proactive news highlights: Anglo Pacific, Bushveld, Challenger, Haydale and Metal Tiger.      proactive-news-highlights-anglo-pacific-bushveld-challenger-haydale-and-metal-tiger-129728.html    <p> <a href="-##!##-/LON:APF/Anglo-Pacific-Group-plc/" class="companyPopupTrigger" rel="1216">Anglo Pacific Group plc</a> (<a href="-##!##-/LON:APF/Anglo-Pacific-Group-plc/" class="companyPopupTrigger" rel="1216">LON:APF</a>) said it expects its mining royalty income this year to be “significantly higher” than it was in 2015, driven by the performance of the Kestrel coal operation in Australia.</p> <p> In other news, <a href="-##!##-/LON:ZMNO/Zamano-Plc/" class="companyPopupTrigger" rel="1111">Zamano Plc</a> (<a href="-##!##-/LON:ZMNO/Zamano-Plc/" class="companyPopupTrigger" rel="1111">LON:ZMNO</a>) revealed an 80.2% rise in first half revenues which helped offset the bottom line impacts of a programme of new investment.</p> <p> Sales amounted to €18.748mln for the six months to June 30, compared to €10.40mln for the same period of 2015. Gross profit was down 9.7% to €2.33mln, while at €1.196mln adjusted earnings lowered by 13% compared to the first half of 2015.</p> <p> Elsewhere, the half-year report from <a href="-##!##-/LON:OPTI/OptiBiotix-Health-plc/" class="companyPopupTrigger" rel="10651">OptiBiotix Health plc</a> (<a href="-##!##-/LON:OPTI/OptiBiotix-Health-plc/" class="companyPopupTrigger" rel="10651">LON:OPTI</a>) highlighted the strong progress the human microbiome specialist has made.</p> <p> In the six months to the end of May, the company saw its intellectual property portfolio rise to comprise 44 patents across 14 product families, eight strain registrations and seven trademarks.</p> <p> Over at <a href="-##!##-/LON:HAYD/Haydale-Graphene-Industries-PLC/" class="companyPopupTrigger" rel="8277">Haydale Graphene Industries PLC</a> (<a href="-##!##-/LON:HAYD/Haydale-Graphene-Industries-PLC/" class="companyPopupTrigger" rel="8277">LON:HAYD</a>) it has made what it said is a crucial step in its Asian expansion with the acquisition of Thailand–based ink and composites group Innophene.</p> <p> Ray Gibbs, Haydale’s chief executive, said the deal was a strategic move to ensure it had rapid response and application engineering support in the Far East.</p> <p> Over at <a href="-##!##-/LON:BMN/Bushveld-Minerals-Limited/" class="companyPopupTrigger" rel="3921">Bushveld Minerals Limited</a> (<a href="-##!##-/LON:BMN/Bushveld-Minerals-Limited/" class="companyPopupTrigger" rel="3921">LON:BMN</a>), it has confirmed the closing of a £580,000 share placing.</p> <p> The group told investors the injection of funds will be used for general working capital, as well as supporting continuing costs related to its Vametco transaction.</p> <p> Meanwhile, there has been a run on bunting this week, with royalty officially opening <a href="-##!##-/LON:HAYT/Hayward-Tyler-Group-PLC/" class="companyPopupTrigger" rel="3698">Hayward Tyler Group PLC</a>’s (<a href="-##!##-/LON:HAYT/Hayward-Tyler-Group-PLC/" class="companyPopupTrigger" rel="3698">LON:HAYT</a>) new facility yesterday.</p> <p> The specialist engineering group’s “fit for nuclear" facility in Luton, which recently underwent a multi-million pound refurbishment to support the group’s long-term growth plans, was officially opened by the Duke and Duchess of Cambridge.</p> <p> Next, It has been a good week for <a href="-##!##-/LON:CHAL/Challenger-Acquisitions-Limited/" class="companyPopupTrigger" rel="10692">Challenger Acquisitions Limited</a> (<a href="-##!##-/LON:CHAL/Challenger-Acquisitions-Limited/" class="companyPopupTrigger" rel="10692">LON:CHAL</a>), which announced on Thursday a court case against it has been dismissed.</p> <p> The giant observation wheel specialist said the complaint brought by Madison Capital Markets, which was demanding compensation for alleged services for advising and facilitating the company's acquisition of Starneth Group and investment in the New York wheel project, had been turfed out by the United States District Court for the Southern District of New York.</p> <p> Over at <a href="-##!##-/LON:KIBO/Kibo-Mining-PLC/" class="companyPopupTrigger" rel="3803">Kibo Mining PLC</a> (<a href="-##!##-/LON:KIBO/Kibo-Mining-PLC/" class="companyPopupTrigger" rel="3803">LON:KIBO</a>) it has redrawn its agreement with Chinese partner SEPCO for the construction of the power plant at the Mbeya coal/electricity project in Tanzania.</p> <p> In return for the right to be the sole bidder, SEPCO will refund Kibo 50% of the development costs incurred starting with US$1.8mln by end August.</p> <p> And finally, <a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">Metal Tiger</a> PLC’s (<a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">LON:MTR</a>) Logrosán gold and tungsten joint venture has applied to increase the acreage it controls around Extremadura in Spain.</p> <p> The venture company has applied for the San Cristóbal Sur licence immediately to the south and adjoining the current Zorita and San Cristóbal exploration licence areas.</p>     REPORT            View Edit Delete
129727  GOLD, SILVER & PRECIOUS METALS MARKET WRAP 2016-08-25 15:53:00  2016-08-25 16:02:29  2016-08-25 16:02:29  Gold subdued as Yellen's speech dominates  Gold subdued as Yellen's speech dominates  Gold, silver, platinum, dollar, price, interest rates,     gold-subdued-as-yellen-s-speech-dominates-129727.html    <p style="text-align: justify;"> Gold drifted lower again Thursday with reports of a huge futures sell trade overnight as markets readied for the Jackson Hole symposium tomorrow.</p> <p style="text-align: justify;"> Janet Yellen is expected to speak at 3pm (BST), shortly after US markets open.</p> <p style="text-align: justify;"> <a href="-##!##-/XETRA:CBK/Commerzbank/" class="companyPopupTrigger" rel="14629">Commerzbank</a> said it was sceptical that the Federal Reserve chair&nbsp;would really give any clear indications of the next rate hike.</p> <p style="text-align: justify;"> “If she does not, a renewed increase in gold and silver prices can be expected.”</p> <p style="text-align: justify;"> Better economic data recently from the eurozone has also contributed to gold’s weakness, though the broker still expects the European Central Bank will loosen its monetary policy again this year.</p> <p style="text-align: justify;"> Saxo Bank is more concerned and suggests some warning signs for the metal have started to flash.</p> <p style="text-align: justify;"> “Total holdings in exchange-traded products backed by gold have seen limited change for the past few weeks while hedge funds have been net-sellers in five out of the past six weeks.</p> <p style="text-align: justify;"> Gold has shed US$22 this week and&nbsp;Saxo said: “Fundamentals support further upside but investment flows could indicate a deeper correction may be needed in the short term.”</p> <p style="text-align: justify;"> Today, spot gold was trading at US$1,321, down US$3, silver was flat at US$18.54 while platinum eased a little to US$1,704.</p>     REPORT          View Edit Delete
129712  MARKET MOVERS 2016-08-25 15:30:00  2016-08-25 15:40:44  2016-08-25 09:53:06  Risers & Fallers: Challenger Acquisitions PLC, Carillion PLC, MXC Capital Limited, OptiBiotix Health  Risers & Fallers: Challenger Acquisitions PLC, Carillion PLC, MXC Capital Limited, OptiBiotix Health PLC, PV Crystalox Solar PLC, Serica Energy PLC  risers and fallers    risers-fallers-challenger-acquisitions-plc-carillion-plc-mxc-capital-limited-optibiotix-health-plc-pv-crystalox-solar-plc-serica-energy-plc-129712.html    <p> Below are some of the main news-driven share price changes at 3.30pm.</p> <h3 style="color:blue;"> RISERS</h3> <p> <a href="-##!##-/LON:PVCS/PV-Crystalox-Solar-PLC/" class="companyPopupTrigger" rel="3561">PV Crystalox Solar PLC</a> (<a href="-##!##-/LON:PVCS/PV-Crystalox-Solar-PLC/" class="companyPopupTrigger" rel="3561">LON:PVCS</a>), up 13%. The supplier of photovoltaic silicon wafers used in solar panels moved back into profit in the first half of the year.</p> <p> MXC Capital Limited (LON:MXCP), up 11%. The company intends to return £3mln to shareholders via a tender offer at a 24%^ premium to last night’s closing share price.</p> <p> <a href="-##!##-/LON:SQZ/Serica-Energy/" class="companyPopupTrigger" rel="8195">Serica Energy</a> PLC (<a href="-##!##-/LON:SQZ/Serica-Energy/" class="companyPopupTrigger" rel="8195">LON:SQZ</a>), up 9.2%. David and Monique Newlands have trimmed their joint stake from more than 3% to 2.75%.</p> <h3 style="color:red;"> FALLERS</h3> <p> <a href="-##!##-/LON:OPTI/OptiBiotix-Health-plc/" class="companyPopupTrigger" rel="10651">OptiBiotix Health plc</a> (<a href="-##!##-/LON:OPTI/OptiBiotix-Health-plc/" class="companyPopupTrigger" rel="10651">LON:OPTI</a>), down 4.7%. Watch <a href="http://www.proactiveinvestors.co.uk/companies/stocktube/5447/a-lot-more-to-come-from-optibiotix-says-chief-5447.html" target="_blank">‘A lot more to come’ from OptiBiotix, says chief</a></p> <p> <a href="-##!##-/LON:CLLN/Carillion/" class="companyPopupTrigger" rel="3082">Carillion</a> PLC (<a href="-##!##-/LON:CLLN/Carillion/" class="companyPopupTrigger" rel="3082">LON:CLLN</a>), down 4.1%. JP Morgan Cazenove has downgraded the support services and construction outfit to ‘underweight’</p> <p> <a href="-##!##-/LON:CHAL/Challenger-Acquisitions-Limited/" class="companyPopupTrigger" rel="10692">Challenger Acquisitions Limited</a> (<a href="-##!##-/LON:CHAL/Challenger-Acquisitions-Limited/" class="companyPopupTrigger" rel="10692">LON:CHAL</a>), down 4.0%. See <a href="http://www.proactiveinvestors.co.uk/companies/news/129708/challenger-acquisitions-wins-madison-capital-court-case-129708.html" target="_blank">Challenger Acquisitions wins Madison Capital court case</a></p> <hr /> <p> Below are some of the main news-driven share price changes at <strong>12.30pm</strong>.</p> <h3 style="color:blue;"> RISERS</h3> <p> <a class="companyPopupTrigger" href="-##!##-/LON:SOLG/SolGold-plc/" rel="923">SolGold plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:SOLG/SolGold-plc/" rel="923">LON:SOLG</a>), up 22%. The company is in advanced negotiations for the potential participation of a major international gold mining company in SolGold's capital raising initiatives.</p> <p> SigmaRoc PLC (LON:SRC), up 15%. The company formerly known as <a class="companyPopupTrigger" href="-##!##-/LON:MES/Messaging-International/" rel="631">Messaging International</a> surged as James Leek bought a 3.08% stake in the company.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:SPE/Sopheon/" rel="926">Sopheon</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:SPH/Sinclair-Pharma/" rel="2969">LON:SPH</a>), up 14%. The interims to June continue the very strong momentum demonstrated over the past 12 months, according to the software company’s house broker, finnCap.</p> <h3 style="color:red;"> FALLERS</h3> <p> <a class="companyPopupTrigger" href="-##!##-/LON:ALM/Allied-Minds/" rel="10770">Allied Minds</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:ALM/Allied-Minds/" rel="10770">LON:ALM</a>), down 7.8%. Incubator fund <a href="-##!##-/LON:ALM/Allied-Minds/" class="companyPopupTrigger" rel="10770">Allied Minds</a> saw its full-year loss widen to US$52.2mln from US$39.86mln the year before.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:CRU/Coral-Products/" rel="3420">Coral Products</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:CRU/Coral-Products/" rel="3420">LON:CRU</a>), down 7.1%. The injection moulding plastic products maker found the market hard to please, posting a profit before tax for the full year of £758,000 versus a profit the year before of £191,000.</p> <p> IFG Group PLC (LON:IFP), down 6.9%. Interim results from the asset manager today highlighted a pause in new client organic growth as inertia set in either side of the Brexit vote. &nbsp;</p> <hr /> <p> Biggest share price movers in London at <strong>9.30am</strong></p> <h3 style="color:blue;"> RISERS</h3> <p> <a class="companyPopupTrigger" href="-##!##-/LON:TAIH/Taihua-plc/" rel="979">Taihua plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:TAIH/Taihua-plc/" rel="979">LON:TAIH</a>) up 100% to 2.25p. Chinese medicine group has raised £716,000 at 2.63p to carry out a share buyback.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:KIBO/Kibo-Mining-PLC/" rel="3803">Kibo Mining PLC</a> (<a class="companyPopupTrigger" href="-##!##-/LON:KIBO/Kibo-Mining-PLC/" rel="3803">LON:KIBO</a>) up 15% to 5.75p. Company has renegotiated agreement with Chinese partner SEPCO over Mbeya power plant development in Tanzania. It will get US$1.8mln this month and more later.</p> <p> <a class="companyPopupTrigger" href="-##!##-/LON:CHOO/Jimmy-Choo/" rel="10664">Jimmy Choo</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:CHOO/Jimmy-Choo/" rel="10664">LON:CHOO</a>) up 6% to 125p. The high-end fashion group saw revenues up 9% on a reported currency basis and 3.8% at constant currency. The weakened pound following Brexit proved fortuitous, it added.</p> <h3 style="color:red;"> FALLERS</h3> <p> <a class="companyPopupTrigger" href="-##!##-/LON:BZM/Bellzone-Mining/" rel="3689">Bellzone Mining</a> PLC (<a class="companyPopupTrigger" href="-##!##-/LON:BZM/Bellzone-Mining/" rel="3689">LON:BZM</a>) down 25% to 0.23p. Technical study for Kalia indicates ferrochrome nickel production is viable but will cost US$51mln to get up and running.</p> <p> Bushveld Minerals Ltd (<a class="companyPopupTrigger" href="-##!##-/LON:BMN/Bushveld-Minerals-Limited/" rel="3921">LON:BMN</a>) down 12% at 1.43p. Mining junior confirmed the closing of a £580,000 share placing. The funds will be used for general working capital, as well as supporting continuing costs related to its Vametco transaction.</p> <p> <a class="companyPopupTrigger" href="-##!##-/ASX:THR/Thor-Mining/" rel="1008">Thor Mining</a> PLC (LON:THR) down 9% at 0.03p. Company has started aircore drilling at Molyhil to find additional deposits of tungsten within a six mile radius of the current deposit in Australia.</p>     REPORT            View Edit Delete
129723  Galectin Therapeutics 2016-08-25 15:00:00  2016-08-26 10:35:21  2016-08-25 15:10:34  Psoriasis improvement not sufficient to continue says Galectin  Psoriasis improvement not sufficient to continue says Galectin  skin, drug, psoriasis, liver, NASH    psoriasis-improvement-not-sufficient-to-continue-says-galectin-129723.html    <div> <a href="-##!##-/NASDAQ:GALT/Galectin-Therapeutics/" class="companyPopupTrigger" rel="14687">Galectin Therapeutics</a> Inc (<a href="-##!##-/NASDAQ:GALT/Galectin-Therapeutics/" class="companyPopupTrigger" rel="14687">NASDAQ:GALT</a>) won’t pursue GR-MD-02 as a drug for psoriasis after patients in a small trial did not show the required improvement.</div> <div> &nbsp;</div> <div> The drug developer added, however, that the results did give it encouragement for its liver fibrosis program, which is the drug’s primary focus.</div> <div> &nbsp;</div> <div> Galectin started the small study after a patient taking the drug in a trial to treat the liver condition, non-alcoholic steatohepatitis (NASH), reported her psoriasis condition had cleared up.</div> <div> &nbsp;</div> <div> While the four patients treated for psoriasis did see an improvement, none achieved the 75% Galectin was after. Scores were between 27-60% after 13 doses (8 mg/kg infusions every other week).</div> <div> &nbsp;</div> <div> Peter Traber, Galectin's president, chief executive and chief medical officer, said: “This activity in a human disease, strongly associated with NASH and increased galectin-3 expression, suggests that GR-MD-02 may also have activity in NASH.&nbsp;</div> <div> &nbsp;</div> <div> "The company continues to pursue the application of GR-MD-02 for the treatment of NASH with liver fibrosis and cirrhosis, which has always been the primary focus of our business."</div> <div> &nbsp;</div> <div> GR-MD-02 is a complex carbohydrate drug that targets galectin-3, a protein that plays a key role in the pathogenesis of fatty liver disease and fibrosis.</div>   Peter Traber, Galectin's president, chief executive and chief medical officer, said: “This activity in a human disease, strongly associated with NASH and increased galectin-3 expression, suggests that GR-MD-02 may also have activity in NASH. "The company continues to pursue the application of GR-MD-02 for the treatment of NASH with liver fibrosis and cirrhosis."  NEWS      View Edit Delete
129724  Proactiveinvestors 2016-08-25 14:58:00  2016-08-25 15:15:54  2016-08-25 15:11:43  Four stocks to watch if you missed the boat for Sirius Minerals  Four stocks to watch if you missed the boat for Sirius Minerals      four-stocks-to-watch-if-you-missed-the-boat-for-sirius-minerals-129724.html    <p> Investors in <a class="companyPopupTrigger" href="-##!##-/LON:SXX/Sirius-Minerals-PLC/" rel="914">Sirius Minerals PLC</a> (<a class="companyPopupTrigger" href="-##!##-/LON:SXX/Sirius-Minerals-PLC/" rel="914">LON:SXX</a>) have seen the UK mine developer’s value rise above £1bn as the price in London advanced towards 50p per share earlier this week.</p> <p> It marks a truly transformational ascent from just 1.9p in around six years. Since those lowly days much has changed, not least the management and company’s basic strategy.</p> <p> Sirius is on the cusp of developing a world class mine in North Yorkshire, and that has been the catalyst for investors. Indeed, the Sirius share price has increased by around 175% so far in 2017.</p> <p> Naturally the AIM is as popular as ever and it has attracted a great number of followers.</p> <p> In a nutshell, Sirius Minerals is a small cap company (albeit a little less so by the day) with a large, strategic asset based in the UK.</p> <p> Crucially it will produce a fertiliser product that will be greatly in demand for decades to come as concerns over future food scarcity come more sharply into focus, and agricultural operations seek ways to enhance crop yields.</p> <p> Most analysts start from the basic premise that the market for fertilisers can only grow as the world population continues to increase. More productivity needs to be wrung from a finite amount of land in order to keep the people fed.</p> <p> That’s why new fertiliser products like Sirius’s polyhalite have been able to gain traction in a space where several established players, such as Mosaic (<a class="companyPopupTrigger" href="-##!##-/NYSE:MOS/Mosaic-Co/" rel="7406">NYSE:MOS</a>), Uralkali (LON:URALL), PotashCorp (<a class="companyPopupTrigger" href="-##!##-/TSE:POT/Potash-Corporation-of-Saskatchewan/" rel="5063">TSE:POT</a>) and Agrium (NYSE:AGU), already produce well-established products.</p> <p> Anyone coming cold to the company’s story will have a lot to catch up on, and some may be forgiven for feeling as though they’ve missed the boat.</p> <p> Here we take a closer look at London’s increasingly high profile fertiliser companies.</p> <h3> Harvest Minerals: With a 300% rally the AIM share is no slouch</h3> <p> If it wasn’t for the stellar rise of Sirius Minerals this very write-up would likely have begun with 300 words on Harvest Minerals Limited (<a class="companyPopupTrigger" href="-##!##-/LON:HMI/Harvest-Minerals-Ltd./" rel="12179">LON:HMI</a>).</p> <p> After all its shares are up more than 300% in what would normally be a summer trading lull through July and August.</p> <p> Last month, the Brazil-focused potash explorer told investors that new resource estimates at the Arupua project, following a drill programme on only 3% of the property, were sufficient for the company to green-light plans for a trial mining operation.</p> <p> Harvest Minerals soon after revealed the positive findings of a scoping study which underlined the economic potential of developing Arapua.</p> <p> In the words of chief executive Brian McMaster:&nbsp; “The project’s where we wanted it to be.”</p> <p> There are still some hurdles to be cleared, but none that McMaster thinks are insurmountable.</p> <p> “We’re finalising the process for our permitting,” he says. “It’s not a complicated process and the government has just gazetted a plan to make fertiliser projects a priority. We’ve got to retain a contractor and we’ve got a quote on the desk already.”</p> <p> What it adds up to is that first production from trial mining is likely to take place before the rains set in this November.</p> <p> “We’ll do 100,000 tonnes in the first run under the terms of our trial mining license.”</p> <h3> African Potash: The trader's had a rollercoaster eighteen months</h3> <p> The African Potash Ltd (<a class="companyPopupTrigger" href="-##!##-/LON:AFPO/African-Potash-Ltd/" rel="3853">LON:AFPO</a>) share price chart resembles silhouette of a roller coaster – albeit more akin to an old fashioned wooden ‘big dipper’ with some rolling peaks and troughs rather than a contemporary Oblivion-like vertical drop.</p> <p> The longer-term plan is to create a vertically integrated operator that has the mining, processing and marketing skills to tap into a region that buys an estimated 10mln tonnes of fertiliser a year.</p> <p> That said, much of the focus for investors has been on the trading arm and supply deals were subsequently impacted by poor weather conditions and eventually delays.</p> <p> As sentiment swung from one market update to another the AFPO ticker was no stranger to either of AIM’s daily ‘top mover’ lists amid spiky volatility.</p> <p> This summer the group has announced progress in moving along its pipeline, with a series of distribution deals agreed and announced within a matter weeks.</p> <p> “With a number of strategic partners in place through whom we can secure off-take agreements for the purchase of our fertiliser product, and the results of this strategy already showing success, I believe African Potash is well set for continued growth," African Potash chairman Chris Cleverley said recently.</p> <p> Having marked a rise of around 1,000% just over a year ago the AIM shares price has eventually levelled off again. The attention is on delivery and new business.</p> <h3> <a class="companyPopupTrigger" href="-##!##-/LON:SO4/Salt-Lake-Potash/" rel="2938">Salt Lake Potash</a>: So far a pumping success in Western Australia</h3> <p> <a class="companyPopupTrigger" href="-##!##-/LON:SO4/Salt-Lake-Potash/" rel="2938">Salt Lake Potash</a> Ltd (<a class="companyPopupTrigger" href="-##!##-/LON:SO4/Salt-Lake-Potash/" rel="2938">LON:SO4</a>) is a relatively new addition, or a rebranding depending upon your perspective, risen from the remains of former AIM stock Wildhorse Energy.</p> <p> This one is a bit different.</p> <p> Unlike Sirius or Harvest Minerals, which will excavate nutrient-rich materials as solids, Salt Lake has been drilling into a liquid host of minerals called brine.</p> <p> Specifically it is targeting deposits of Sulphate of Potash (SOP) at the Lake Wells project in Western Australia.</p> <p> In a recent update, in early August, the company told investors that results of brine pumping tests had “substantially enhanced” the potential for SOP production at the Lake Wells site (where a ‘solar evaporation’ processing method is proposed).</p> <p> Having sealed its ‘transformation’ with a rename and relaunch in December 2015, <a href="-##!##-/LON:SO4/Salt-Lake-Potash/" class="companyPopupTrigger" rel="2938">Salt Lake Potash</a> has seen its shares rise some 225%.</p> <h3> Sirius: Experts see much more value to come</h3> <p> Closing the loop, we return to the initial premise: what to do if you’ve missed the Sirius Minerals boat?</p> <p> Well, don’t worry because according to analysts the journey is far from over for shareholders in the Yorkshire focussed company.</p> <p> Whilst you might think the current valuation is significant given the North Yorkshire Polyhalite Project is little more than a blue-print with some fairly hefty financing commitments.</p> <p> However a layer of risk has been removed in that the company now knows the mine is feasible, economic and it has been given the green light to begin work (the clock for appeals is quickly running down).&nbsp;</p> <p> Plus, the potential of the asset is huge with mineable resource big enough to last half a century.</p> <p> The recent definitive feasibility study said it has the potential to generate up to £2.3bn (US$3bn) in operating profits a year. The same report put the project’s net present value at £11.5bn.</p> <p> The risk now is that Sirius fails to land the cash required to take its monster deposit into production.</p> <p> “Given said project’s myriad strengths, we are more confident than ever that procuring the requisite funds should not prove overly problematic,” said Shore Capital’s Low.</p> <p> Shares have almost trebled in value in the year to date as the pieces of the jigsaw have begun to fit into place – and they show few signs of flagging.</p> <p> The interim results update last week, which contained little material news, has prompted an 18% rise in the share price.</p> <p> According to Shore Capital’s Low, the stock, currently changing 43.4p, is worth 75p, which would propel Sirius’ market capitalisation to £1.7bn.</p>   Sirius Minerals' value has now risen above £1bn as the price in London advanced towards 50p per share. Anyone coming cold to the company’s story will have a lot to catch up on, and some may be forgiven for feeling as though they’ve missed the boat.Here we take a closer look at London’s increasingly high profile fertiliser companies.   ARTICLE        View Edit Delete

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