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169952  UK Oil &amp; Gas Investments PLC 2016-12-05 08:20:00  2016-12-05 08:27:25  2016-12-05 08:27:25  UKOG plans new well to test billion barrel ‘Horse Hill mirror’   UKOG plans new well to test billion barrel ‘Horse Hill mirror’       ukog-plans-new-well-to-test-billion-barrel-horse-hill-mirror-169952.html    <p> UK Oil &amp; Gas Investments Plc (<a href="-##!##-/LON:UKOG/UK-Oil-&amp;-Gas-Investments-PLC/" class="companyPopupTrigger" rel="12174">LON:UKOG</a>) has detailed a new drill programme, which will be the latest well that will attempt to recreate the success of the Horse Hill project, located near Gatwick airport.</p> <p> The planned Broadford Bridge-1 exploration well, in licence PEDL234, is some 17 kilometres from the Horse Hill site, and it is scheduled to be drilled in the first half of 2017.</p> <p> Broadford Bridge-1 will test the same type of naturally-fractured Kimmeridge Limestone reservoirs as Horse Hill.</p> <p> Nutech, the American petroleum consultant that estimated Horse Hill’s billion barrel potential, has also assessed Broadford Bridge and has said that this project may have some 7.12bn barrels of oil-in-place within the Kimmeridge hybrid play (including clays).</p> <p> The US consultant detailed that some 1.7bn barrels of that figure lies within the limestones.</p> <p> At UKOG’s 31.2% owned Horse Hill the Kimmeridge limestones yielded a test production rate of 1,365 barrels per day. Drilling and testing of Broadford Bridge could be a significant step in establishing whether Horse Hill was a one-off success or whether it is only one of potentially many lucrative new project’s in the UK’s Weald basin.</p> <p> Other wells, operated by other participants in 2015’s Horse Hill well, have a similar aim.</p> <p> For example, Europa Oil &amp; Gas Plc (<a href="-##!##-/LON:EOG/Europa-Oil-&-Gas-(Holdings)-Plc/" class="companyPopupTrigger" rel="3682">LON:EOG</a>) and UKOG are working together on the Holmwood well, while <a href="-##!##-/LON:ANGS/Angus-Energy-Plc/" class="companyPopupTrigger" rel="14369">Angus Energy Plc</a> (<a href="-##!##-/LON:ANGS/Angus-Energy-Plc/" class="companyPopupTrigger" rel="14369">LON:ANGS</a>) is planning a well at the nearby Brockham field.</p> <p> In today’s statement UKOG chief executive Stephen Sanderson said: “The BB-1 well is designed not only to test a geological mirror-image of the Horse Hill Kimmeridge oil discovery, but, more significantly, to also seek to establish whether Kimmeridge Limestone oil is truly an extensive resource play.</p> <p> Sanderson highlighted that the Nutech analysis of Broadford Bridge underpins UKOG’s rationale for the upcoming drilling and its Horse Hill follow up strategy.</p> <p> At Horse Hill, meanwhile, further drilling and testing is planned to further de-risk a field development and set-up the initial infrastructure for a potentially lucrative asset.</p> <p> “Our wider strategy over the forthcoming 18-24 months aims to de-risk the overall Kimmeridge Limestone oil play, both commercially and geographically,” Sanderson said.</p> <p> “Through the planned extended production testing, sidetrack and new well at Horse Hill, the goal is to establish that the Kimmeridge can be brought into commercial production.</p> <p> “In parallel, our three-well exploration programme of BB-1, Holmwood-1 and an additional PEDL234 well, also aims to demonstrate that Horse Hill success can be replicated over the central "sweet-spot" of the Weald Basin.”</p>   UK Oil & Gas Investments has detailed a new drill programme, which will be the latest well that will attempt to recreate the success of the Horse Hill project, located near Gatwick airport. The planned Broadford Bridge-1 exploration well, in licence PEDL234, is some 17 kilometres from the Horse Hill site, and it is scheduled to be drilled in the first half of 2017.  ARTICLE            View Edit Delete
169950  ReNeuron Group Plc 2016-12-05 08:19:00  2016-12-05 08:23:41  2016-12-05 08:23:41  ReNeuron chief delighted with latest stroke data   ReNeuron chief delighted with latest stroke data       reneuron-chief-delighted-with-latest-stroke-data-169950.html    <p> <a href="-##!##-/LON:RENE/ReNeuron-Group-Plc/" class="companyPopupTrigger" rel="862">ReNeuron Group Plc</a> (<a href="-##!##-/LON:RENE/ReNeuron-Group-Plc/" class="companyPopupTrigger" rel="862">LON:RENE</a>) has delivered encouraging results from its phase II clinical study treating stroke patients with its CTX stem cells.</p> <p> The PISCES II trial, led by professor Keith Muir of Glasgow University, monitored improvement in arm movement as measured by the ARAT sub-test number two.</p> <p> The hope was to see discernible change within three months in two of the 21 patients receiving treatment.</p> <p> As it turned out three patients registered improvement – though two of them were outside the timescale set by researchers.</p> <p> Even so, ReNeuron called the results “highly encouraging”.</p> <p> On other disability improvement measures the treatment appeared to have an impact on a greater number of patients.</p> <p> Seven out of the 21 felt an effect when the Modified Rankin Scale was used, while the number rose to eight when the Barthel Index was applied.</p> <p> In all, 15 out of 21 patients had a clinically significant response on at least one efficacy measure.&nbsp;</p> <p> ReNeuron said it now intends to apply to the US and European regulatory authorities to begin a randomised, placebo-controlled, pivotal clinical trial in patients who are living with disability post-stroke.</p> <p> A “delighted” Olav Hellebø, chief executive, said: “We are particularly excited by the response rate seen on the measures relating to disability and activities of daily living, given that these are the most important for patients and their carers.&nbsp;</p> <p> “These measures are also the ones viewed by regulatory authorities as most relevant for late-stage clinical development.”</p>   ReNeuron Group PLC (LON:RENE) has delivered encouraging results from its phase II clinical study treating stroke patients with its CTX stem cells. The PISCES II trial, led by professor Keith Muir of Glasgow University, monitored improvement in arm movement as measured by the ARAT sub-test number two.  ARTICLE            View Edit Delete
169949  Petropavlovsk PLC 2016-12-05 08:14:00  2016-12-05 08:17:34  2016-12-05 08:17:34  Petropavlovsk may get improved terms for Amur Zoloto acquisition  Petropavlovsk may get improved terms for Amur Zoloto acquisition      petropavlovsk-may-get-improved-terms-for-amur-zoloto-acquisition-169949.html    <p> Following a US$500 mln refinancing announced at the end of November <a href="-##!##-/LON:POG/Petropavlovsk-PLC/" class="companyPopupTrigger" rel="766">Petropavlovsk PLC</a> (<a href="-##!##-/LON:POG/Petropavlovsk-PLC/" class="companyPopupTrigger" rel="766">LON:POG</a>) has revealed that it has received a letter from Amur Zoloto, the established gold producer with assets in Khabarovsk which it agreed to acquire earlier in the year.</p> <p> The letter lays out some of the more recent developments in Petropavlovsk’s corporate history, including the refinancing, and suggests that instead of the previously-mooted 30% of Petropavlovsk’s enlarged share capital, the price for the acquisition should now come in at around 20%.</p> <p> This is a clear improvement on the previous terms, and was further enhanced by an undertaking from Amur Zoloto’s current shareholders to underwrite the company’s current production, thus allow Petropavlovsk to avoid dipping into cashflow for 2017 and 2018.</p> <p> Petropavlovsk said discussions between the two parties and their respective shareholders are continuing.</p>   Following a US$500 mln refinancing announced at the end of November Petropavlovsk PLC (LON:POG) has revealed that it has received a letter from Amur Zoloto, the established gold producer with assets in Khabarovsk which it agreed to acquire earlier in the year.  NEWS          View Edit Delete
169951  Tertiary Minerals plc 2016-12-05 08:07:00  2016-12-05 08:25:14  2016-12-05 08:25:14  Tertiary Minerals disposes of Finnish gold assets   Tertiary Minerals disposes of Finnish gold assets   gold, Finland, B2Gold    tertiary-minerals-disposes-of-finnish-gold-assets-169951.html    <p> <a href="-##!##-/LON:TYM/Tertiary-Minerals-plc/" class="companyPopupTrigger" rel="1002">Tertiary Minerals plc</a> (<a href="-##!##-/LON:TYM/Tertiary-Minerals-plc/" class="companyPopupTrigger" rel="1002">LON:TYM</a>) has disposed of two gold leases in Finland to Canada-listed group Aurion Resoruces (<a href="-##!##-/CVE:AU/Aurion-Resources/" class="companyPopupTrigger" rel="11248">CVE:AU</a>).</p> <p> The miner will keep a royalty interest in the two sites, Kaaresselkä and Kiekerömaa, and receive US$100,000 in cash and shares.</p> <p> Aurion is a Finland specialist including a number in a joint venture with major gold producer <a href="-##!##-/TSE:BTO/B2Gold/" class="companyPopupTrigger" rel="6682">B2Gold</a>.</p> <p> Tertiary’s royalty starts with the definition of a NI 43-101 resource and rising to a 2% Net Smelter payment once a mine goes into production. Half of the&nbsp;NSR can be bought out for US$1mln.</p> <p> Richard Clemmey, Tertiary’s managing director, said: "We are delighted to have sold our two legacy gold projects to an accomplished gold explorer.”</p>   Richard Clemmey, Tertiary’s managing director, said: "We are delighted to have sold our two legacy gold projects to an accomplished gold explorer.” Aurion is a Finland specialist, with interests that include a number of sites in a joint venture with major gold producer B2Gold.  NEWS          View Edit Delete
169948  Newmark Security PLC 2016-12-05 08:04:00  2016-12-05 08:17:20  2016-12-05 08:17:20  Newmark Security launches its latest products  Newmark Security launches its latest products  Newmark Security, security system, access system, alarms, Sateon Advance, Grosvenor Technology, GT-10, Android, Alliance, partnership, manufacturer, chief executive, AIM, business, finance    newmark-security-launches-its-latest-products-169948.html    <p> In its bid to become the go-to security systems manufacturer, <a href="-##!##-/LON:NWT/Newmark-Security-PLC/" class="companyPopupTrigger" rel="10646">Newmark Security PLC</a> (<a href="-##!##-/LON:NWT/Newmark-Security-PLC/" class="companyPopupTrigger" rel="10646">LON:NWT</a>) has unveiled its latest products to the market.</p> <p> Under its Grosvenor Technology brand, Newmark has launched its Sateon Advance access control system as well as an Android-based terminal for workforce management called GT-10.</p> <p> It has also brought out a partnership programme called Alliance, which will offer its customers and partners access to commercial, marketing and technical support.</p> <p> “Newmark's goal is to be the manufacturer of choice in the industry, not by locking our partners in, but by offering the most advanced technology on the best commercial terms,” said chief executive Marie-Claire Dwek.</p> <p> “We believe the flexibility offered by these new systems is peerless in the market and saves our partners time and money.”</p> <p> Shares were unchanged at 1.2p in early deals on Monday.</p>   In its bid to become the go-to security systems manufacturer, Newmark Security PLC (LON:NWT) has unveiled its latest products to the market. Under its Grosvenor Technology brand, Newmark has launched its Sateon Advance access control system as well as an Android-based terminal for workforce management called GT-10.  NEWS          View Edit Delete
169946  Landore Resources Ltd. 2016-12-05 07:56:00  2016-12-05 08:01:12  2016-12-05 08:01:12  Landore Resources powers on at the BAM East gold discovery  Landore Resources powers on at the BAM East gold discovery  Gold    landore-resources-powers-on-at-the-bam-east-gold-discovery-169946.html    <p> The share price graph of Landore Resources Limited (<a href="-##!##-/LON:LND/Landore-Resources-Ltd./" class="companyPopupTrigger" rel="552">LON:LND</a>) makes for pleasing viewing. From June of 2016 the company’s shares have steadily risen in value, from around 2p in June to just under 3p now.</p> <p> That’s perhaps not as spectacular a rise as some companies have enjoyed as commodities prices have come back in recent months, but it is a true reflection of the methodical approach the company is taking at its BAM East gold project in Canada, which is now shaping up into a major gold discovery.</p> <p> The latest drilling has intersected widespread gold mineralisation near to surface very close to where previous drilling showed significant intercepts both in terms of grades and width.</p> <p> BAM East is now known to extend along a strike length of 700 metres and remains open to strike, to the east and to the west and down dip.</p> <p> Among the highlights from the most recent drilling were two metres at 12 grams of gold per tonne and one meter at 8.87 grams.</p> <p> More results are pending, both from further drill holes and from ongoing metallurgical studies. A resource estimate is scheduled for completion in the first quarter of next year.</p>   The share price graph of Landore Resources Limited (LON:LND) makes for pleasing viewing. From June of 2016 the company’s shares have steadily risen in value, from around 2p in June to just under 3p now, a true reflection of the methodical approach the company is taking at its BAM East gold project.  NEWS          View Edit Delete
169944  Gulf Keystone Petroleum Limited 2016-12-05 07:50:00  2016-12-05 07:54:54  2016-12-05 07:54:54  Gulf Keystone Petroleum receives US$15mln payment for Shaikan crude   Gulf Keystone Petroleum receives US$15mln payment for Shaikan crude       gulf-keystone-petroleum-receives-us15mln-payment-for-shaikan-crude    <p> Gulf Keystone Petroleum has confirmed it has received a US$15mln payment from the Kurdistan authorities for crude export deliveries from the Shaikan field in September.</p> <p> It added that it continues to ‘work towards agreeing’ the final invoices for the months between May and September.</p> <p> The company added that it had some US$104.5mln of cash following the receipt of the latest payment.</p> <p> Having secured the group’s financial future&nbsp; through a&nbsp; bruising debt restructuring, which handed the vast majority of equity to debtholders, the issue of oil payments is now once again in focus as a key challenge for Gulf Keystone.</p> <p> It is in the same boat as suitor DNO and Genel Energy, which are also operators in Kurdistan, and are also trying to establish more reliable payments for oil export sales.</p>   Gulf Keystone Petroleum has confirmed it has received a US$15mln payment from the Kurdistan authorities for crude export deliveries from the Shaikan field in September. It added that it continues to ‘work towards agreeing’ the final invoices for the months between May and September.  NEWS          View Edit Delete
169947  Sula Iron and Gold PLC 2016-12-05 07:49:00  2016-12-05 08:04:20  2016-12-05 08:04:20  Sula to start drilling for gold in Sierra Leone in New Year  Sula to start drilling for gold in Sierra Leone in New Year  Gold, Sierra Leone, drilling    sula-to-start-drilling-for-gold-in-sierra-leone-in-new-year-169947.html    <p> Sula Iron &amp; Gold PLC (<a href="-##!##-/LON:SULA/Sula-Iron-and-Gold-PLC/" class="companyPopupTrigger" rel="4063">LON:SULA</a>) has chosen a drill contractor for its gold concessions at Ferensola, Sierra Leone and will start work in January.</p> <p> Equity Drilling, the chosen contractor, has mobilised two diamond drill rigs from South Africa.</p> <p> &nbsp;As part of the agreement, half of the costs of an initial planned programme of 2,400m of drilling will be paid in shares.All mobilisation costs have also been waived by EQD.</p> <p> The issue price will be the higher of the prevailing share price and a pre-agreed floor of 0.35p.</p> <p> Roger Murphy, Sula's chief executive, said drilling will be aimed at its high conviction gold targets including Sanama Hill, which hosts a 0.8mln - 1.5mln oz exploration target.</p> <p> Equity Drilling's agreement to take a large part of its fee in shares illustrated the contractor’s confidence in the project, he added.</p>   Roger Murphy, Sula's chief executive, said drilling will be aimed at its high conviction gold targets including Sanama Hill, which hosts a 0.8mln - 1.5mln oz exploration target. Equity Drilling's agreement to take a large part of its fee in shares illustrated the contractor’s confidence in the project, he added.  NEWS          View Edit Delete
169945  Plastics Capital Plc 2016-12-05 07:47:00  2016-12-05 07:55:57  2016-12-05 07:55:57  Plastics Capital growing strongly   Plastics Capital growing strongly       plastics-capital-growing-strongly-169945.html    <p> <a href="-##!##-/LON:PLA/Plastics-Capital-Plc/" class="companyPopupTrigger" rel="788">Plastics Capital Plc</a> (<a href="-##!##-/LON:PLA/Plastics-Capital-Plc/" class="companyPopupTrigger" rel="788">LON:PLA</a>) posted strong rises in both revenues and profits for the first half driven by acquisitions and a solid underlying growth component.</p> <p> The name is a giveaway – the company is a speciality is plastics, specifically plastic products used by industry.</p> <p> Its main activities are bearings, mandrels used to make holes in hydraulic pipes, templates that help create cardboard boxes and polythene sacks and films. They aren’t sexy; they are, however, steady and reliable.</p> <p> In the six months to September 30 Plastics’ sales were up 13.4% at £27.8mln (the underlying advance was 6.7% at constant currencies). Operating profit, meanwhile, increased just under 11% to £2.7mln. &nbsp;</p> <p> The industrial arm grew its top line by 19.2%, while the films division was up 9.2%, buoyed by the Flexipol operation.</p> <p> Synpac, bought in July for £3.1mln, is bedding in well, the company said.</p> <p> Chairman Faisal Rahmatallah said: "Order books are healthy and we anticipate a significant improvement in performance during the second half year which will benefit from the seasonal demand upswing and a full contribution from Synpac.&nbsp;</p> <p> “The board expects the group to continue to perform in line with expectations for the rest of the financial year." &nbsp;</p> <p> The dividend was held at 1.46p a share.</p>   Plastics Capital PLC (LON:PLA) posted strong rises in both revenues and profits for the first half driven by acquisitions and a solid underlying growth component. The name is a giveaway – the company is a speciality is plastics, specifically plastic products used by industry.   ARTICLE            View Edit Delete
169943  Armadale Capital PLC 2016-12-05 07:41:00  2016-12-05 07:48:04  2016-12-05 07:48:04  Armadale gets Mpokoto boost as partner takes up development option  Armadale gets Mpokoto boost as partner takes up development option  gold, DRC, mining, due diligence    armadale-gets-mpokoto-boost-as-partner-takes-up-development-option-169943.html    <p> Armadale PLC’s (<a href="-##!##-/LON:ACP/Armadale-Capital-PLC/" class="companyPopupTrigger" rel="1081">LON:ACP</a>) new partner has decided to push ahead with the development of the Mpokoto gold mine in the DRC.</p> <p> Kissenge Mining (KMP), formerly known as African Mining Services, has completed due diligence and will now start work on a phase one programme.</p> <p> This will see its spend US$1.25mln for a 25% interest in a joint venture company.</p> <p> Following that, it has a further option over a phase II development programme, which will see it arrange funding and get a mine at Mpokoto into production.</p> <p> At that point, KMP’s stake will rise to 85%.</p> <p> William Frewen, Armadale’s chairman, said he was confident that once KMP has completed the revised definitive feasibility study it will move onto phase II.</p> <p> If this materialises, Armadale will enjoy the benefits of owning a material interest in a producing gold mine while it concentrates on the Mahenge Liandu graphite project, he added.</p> <p> Mpokoto has a resource of 678,000oz of gold at 1.45 g/t and has completed a definitive feasibility study based on production rate of 25,000 ounces annually for four years.&nbsp;</p>   William Frewen, Armadale’s chairman, said he was confident that once KMP has completed the revised definitive feasibility study it will move onto phase II. If this materialises, Armadale will enjoy the benefits of owning a material interest in a producing gold mine while it concentrates on the Mahenge Liandu graphite project, he added.  ARTICLE            View Edit Delete
169942  Solo Oil PLC 2016-12-05 07:36:00  2016-12-05 07:42:37  2016-12-05 07:42:37  Solo Oil is excited about imminent new drilling in Tanzania  Solo Oil is excited about imminent new drilling in Tanzania      solo-oil-is-excited-about-imminent-new-drilling-in-tanzania-169942.html    <p> <a href="-##!##-/LON:SOLO/Solo-Oil-PLC/" class="companyPopupTrigger" rel="3663">Solo Oil PLC</a> (<a href="-##!##-/LON:SOLO/Solo-Oil-PLC/" class="companyPopupTrigger" rel="3663">LON:SOLO</a>) chairman Neil Ritson says he is excited about the upcoming drilling in Tanzania where the company is partnered by Aminex.</p> <p> Aminex this morning told investors that drilling will get underway soon for the Ntorya-2 appraisal well.</p> <p> Solo Oil’s partner is the operator and 75% stakeholder in Ntorya, and it said that an independent inspection of the contracted drill rig has now been completed and the project is scheduled to start in mid-December.</p> <p> Ntorya-2 is to be located some 1.5 kilometres from the original Ntorya discovery well, which was at the fringes of the reservoir. The well is designed to test the reservoir up-dip where the feature is believed to be thicker.</p> <p> The new programme’s second well, Ntorya-3, is currently planned to be a further step-out - it will be 5km from the original Ntorya well – at what has been modelled and seen in seismic to be the thickest part of the reservoir.</p> <p> Aminex meanwhile continues to produce gas from the Kiliwani North project, also in Tanzania, where it says revenues from gas sales are now established.</p> <p> The company confirmed that the gas is being sold at US$3 per mln British thermal units. Gas is sold from the wellhead, meaning Aminex doesn’t have to pay for transportation, and the company highlighted that it is a fixed contract which is not linked to changing market prices.</p> <p> Solo Oil owns a 25% stake in Ntorya, and it has 7.125% of Kiliwani North.</p> <p> Neil Ritson, in a statement, said: “News from Aminex … confirms that both operations remain on schedule.&nbsp;</p> <p> “Solo is especially excited that the spud of the Ntorya appraisal well is now imminent since this well has significant upside potential for Solo's asset holdings in Tanzania.</p> <p> “The receipt of regular gas payments from TPDC is also encouraging and will support the investments being made in Tanzania."</p>   Solo Oil chairman Neil Ritson says he is excited about the upcoming drilling in Tanzania where the company is partnered by Amine which this morning told investors that drilling will get underway soon for the Ntorya-2 appraisal well. Solo Oil’s partner said an independent inspection of the contracted drill rig has now been completed and the project is scheduled to start in mid-December.  NEWS          View Edit Delete
169941  Mirada Plc 2016-12-05 07:33:00  2016-12-05 07:42:14  2016-12-05 07:42:14  Televisa rollout delays to hit profits at Mirada  Televisa rollout delays to hit profits at Mirada  contract, rollout, delays, Mirada Plc, Televisa, television, Mexico, Latin America, Iris, internet, on demand TV, audio visual content, services, media, pipeline, profit warning    televisa-rollout-delays-to-hit-profits-at-mirada-169941.html    <p> Audio-visual content services provider <a href="-##!##-/LON:MIRA/Mirada-Plc/" class="companyPopupTrigger" rel="647">Mirada Plc</a> (<a href="-##!##-/LON:MIRA/Mirada-Plc/" class="companyPopupTrigger" rel="647">LON:MIRA</a>)&nbsp; has told investors that a rollout delay with its major customer will hit profits during this financial year.</p> <p> Mexican media giant Televisa is introducing new quality assurance processes which will likely lead to a “short-term slowdown” in the roll-out of Mirada’s Iris product and the subsequent licence fees it generates.</p> <p> As a result, the company expects revenues and profits for the current financial year to be lower than previously expected.</p> <p> “Although it is disappointing that, for reasons beyond Mirada's control, we are anticipating a slowdown in the Televisa rollout, the Televisa contract remains unchanged, and provides the Company with an exceptional reference,” said chief executive Jose Luis Vázquez.</p> <p> Despite this issue, Mirada added that its current pipeline of opportunities is larger than it ever has been – thanks in part to the “excellent reference” from Televisa and the recent sales and marketing drive.</p> <p> Based on current indications, the company added that new business wins should more than compensate for the Televisa slowdown.</p> <p> “The company's pipeline of opportunities, particularly in South East Asia and Latin America, is growing rapidly, having more than doubled in the past ten weeks alone,” said Vázquez.</p> <p> “We are in advanced discussions with a number of these potential clients on which we expect to provide a further update in due course.”&nbsp;</p>   Audio-visual content services provider Mirada Plc (LON:MIRA) has told investors that a rollout delay with its major customer will hit profits during this financial year. Mexican media giant Televisa is introducing new quality assurance processes which will likely lead to a “short-term slowdown” in the roll-out of Mirada’s Iris product and the subsequent licence fees it generates.  NEWS          View Edit Delete
169939  Aminex plc 2016-12-05 07:26:00  2016-12-05 07:44:09  2016-12-05 07:31:58  Aminex counting down to Ntorya-2 spud in mid-December  Aminex counting down to Ntorya-2 spud in mid-December          <p> <a class="companyPopupTrigger" href="-##!##-/LON:AEX/Aminex-plc/" rel="3406">Aminex plc</a> (<a class="companyPopupTrigger" href="-##!##-/LON:AEX/Aminex-plc/" rel="3406">LON:AEX</a>) told investors drilling will get underway soon for the Ntorya-2 appraisal well in Tanzania.</p> <p> It confirmed today that an independent inspection of the contracted drill rig has now been completed and the project is scheduled to start in mid-December.</p> <p> Ntorya-2 is to be located some 1.5 kilometres from the original Ntorya discovery well, which was at the fringes of the reservoir. The well is designed to test the reservoir up-dip where the feature is believed to be thicker.</p> <p> The new programme’s second well, Ntorya-3, is currently planned to be a further step-out - it will be 5km from the original Ntorya well – at what has been modelled and seen in seismic to be the thickest part of the reservoir.</p> <p> Aminex meanwhile continues to produce gas from the Kiliwani North project, also in Tanzania, where it says revenues from gas sales are now established.</p> <p> The company confirmed that the gas is being sold at US$3 per mln British thermal units. Gas is sold from the wellhead, meaning Aminex doesn’t have to pay for transportation, and the company highlighted that it is a fixed contract which is not linked to changing market prices.</p> <p> Cash proceeds from production is being used to pay down corporate debts.</p> <p> Aminex owns a 75% stake in the Ntorya asset and has 54.575% of Kiliwani North.</p>   Aminex told investors drilling will get underway soon for the Ntorya-2 appraisal well in Tanzania. It confirmed today that an independent inspection of the contracted drill rig has now been completed and the project is scheduled to start in mid-December.  ARTICLE            View Edit Delete
169902  Proactiveinvestors 2016-12-03 11:00:00  2016-12-05 08:15:09  2016-12-02 15:32:47  Zak Mir’s blue-chip charts: Glencore, Diageo, SSE, Greene King   Zak Mir’s blue-chip charts: Glencore, Diageo, SSE, Greene King       zak-mirs-blue-chip-charts-glencore-diageo-sse-greene-king-169902.html    <h3> Glencore is going up, buy on dips</h3> <p> Glencore PLC (<a href="-##!##-/LON:GLEN/Glencore-International/" class="companyPopupTrigger" rel="3766">LON:GLEN</a>) has been a major recovery story this year but the trend points higher still says Zak Mir, technical analyst at Tip TV.</p> <p> Once the share price of the mining titan broker through the 200-day moving average in March, it was a trend changing event he says. &nbsp;Since then the movement has been only up and a continuation of the recent trend indicates a share price of 320p at its top.</p> <p> Any dips back towards 248p should be seen as buying opportunities.</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rsXTTIt4lDc" width="560"></iframe></p> <p> &nbsp;</p> <h3> Diageo shares can rally</h3> <p> The technical analyst says the support for the shares comes in the ‘£20 zone’. “So basically, as this chart stands, you would probably be a buyer on a technical basis towards the £19.80 level.</p> <p> “I’d like to see a break back above the 200-day average, so £20.15 is my buy signal and then I’d be looking for a rally over the next month or so back towards the 50-day average of £21.24.”</p> <p> Mir adds however that having a stop loss, he says below about £19.50, would be critical.</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/utIptdXSdLM" width="560"></iframe></p> <p> &nbsp;</p> <h3> SSE has support and can power higher</h3> <p> Share price dip following an underwhelming half-year report at the start of the month, but could it be ready to kick on from here?</p> <p> Zak Mir certainly thinks so, and is tipping the stock to add the best part of £2 to its price over the next couple of months.</p> <p> “You can see that the shares have been sideways in a range between 1350p and 1650p. At the moment we’ve bounced a support line from February at 1450p,” he explains in the latest segment of the TIP TV Proactive Investors Bulletin Board series.</p> <p> “One would be looking for recovery towards that 1650p range.”</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/SdRmetBkR28" width="560"></iframe></p> <p> &nbsp;</p> <h3> Time to go long <a href="-##!##-/LON:GNK/Greene-King/" class="companyPopupTrigger" rel="3136">Greene King</a></h3> <p> Greene King PLC’s (<a href="-##!##-/LON:GNK/Greene-King/" class="companyPopupTrigger" rel="3136">LON:GNK</a>) share price could be set to stop its recent, with Zak Mir expecting the stock to bottom out soon and then take a turn for the better. “As far as the technicals are concerned, cautiously buying towards the 700p level,” Mir explains.</p> <p> He does add that it might be worth waiting until after the brewery’s interim results which are due out this Wednesday (30 November).</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/sdO-9FeUov0" width="560"></iframe></p>   Here we look back on some the week's top charts from technical analyst Zak Mir - Glencore Plc, Diageo Plc, SSE Plc, Greene King Plc. Glencore is going up, buy on dips. Glencore PLC (LON:GLEN) has been a major recovery story this year but the trend points higher still says Zak Mir, technical analyst at Tip TV.  ARTICLE          View Edit Delete
169905  Proactiveinvestors 2016-12-03 11:00:00  2016-12-05 08:15:12  2016-12-02 16:05:20  Zak Mir’s small cap charts: Quadrise, Westminster, Alba Mineral, RhythmOne, Metal Tiger  Zak Mir’s small cap charts: Quadrise, Westminster, Alba Mineral, RhythmOne, Metal Tiger      zak-mirs-small-cap-charts-quadrise-westminster-alba-mineral-rhythmone-metal-tiger-169905.html    <h3> Quadrise shares setting up for a rally</h3> <p> Zak Mir sees support for <a href="-##!##-/LON:QFI/Quadrise-Fuels-International/" class="companyPopupTrigger" rel="834">Quadrise Fuels International</a> Plc (<a href="-##!##-/LON:QFI/Quadrise-Fuels-International/" class="companyPopupTrigger" rel="834">LON:QFI</a>) below current levels, and he reckons the share could be setting up for a strong rally.</p> <p> He calls the upside ‘decent’ and says that the price could rise up to 16p, but cautious buyers may want to wait for the price to break above 12p, which where the 200-day moving average is.</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/oBdkV9XLzAo" width="560"></iframe></p> <h3> &nbsp;</h3> <h3> Westminster Group charts point towards 30p</h3> <p> Security group and ferry operator <a href="-##!##-/LON:WSG/Westminster-Group-PLC/" class="companyPopupTrigger" rel="1092">Westminster Group PLC</a> (<a href="-##!##-/LON:WSG/Westminster-Group-PLC/" class="companyPopupTrigger" rel="1092">LON:WSG</a>) has broken through its long-term resistance line and can go much higher, says Zak Mir, technical analyst at Tip TV.</p> <p> Resistance was at 15p he says, but the shares are now trading at 18.4p and a rise to the top of the trading range would point to a price of 30p.</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/9QxnezWUJ3A" width="560"></iframe></p> <h3> &nbsp;</h3> <h3> <a href="-##!##-/LON:ALBA/Alba-Mineral-Resources/" class="companyPopupTrigger" rel="37">Alba Mineral Resources</a> is in ‘recovery mode’</h3> <p> Shares in Alba Mineral Resources PLC (<a href="-##!##-/LON:ALBA/Alba-Mineral-Resources/" class="companyPopupTrigger" rel="37">LON:ALBA</a>) have been on the rise since the summer and could add another 30% in the coming weeks and months.</p> <p> “At the moment it looks like Alba is in recovery mode,” Mir explains.</p> <p> Mir reckons the junior explorer could now be set to build on its recent rally by adding another 0.1p or so. “The target there at the top of that June channel is up to 0.45p and that’s valid while there’s no break back below the 200-day moving average.”</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/LaLDfJNc2FU" width="560"></iframe></p> <p> &nbsp;</p> <h3> <a href="-##!##-/LON:RTHM/RhythmOne/" class="companyPopupTrigger" rel="14637">RhythmOne</a> shares could rally to 52p</h3> <p> Shares in RhythmOne Plc (<a href="-##!##-/LON:RTHM/RhythmOne/" class="companyPopupTrigger" rel="14637">LON:RTHM</a>), the video search company formerly known as Blinkx, have been recovering and could rise to 52p according to Zak Mir.</p> <p> Mir highlights: “The big turnaround came, basically in May, it is as if the change in name led to a change in fortunes as the shares pushed through the 200-day moving average in June for the last time.”</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/mxAcLv3EQVg" width="560"></iframe></p> <h3> &nbsp;</h3> <h3> No surprise <a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">Metal Tiger</a> rejected takeover offer</h3> <p> Technical analyst Zak Mir says it is not surprising that Metal Tiger Plc (<a href="-##!##-/LON:MTR/Metal-Tiger/" class="companyPopupTrigger" rel="10669">LON:MTR</a>) turned down a low takeover offer as he reckons the share could possibly rally back to 2.5p. "The best result, for people in the stock, is that we hold around the 2p level and then rally back towards recent resistance at 2.5p.”</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/SaArXldC2Ps" width="560"></iframe></p>   Here we look back on some the week's small cap charts from technical analyst Zak Mir -Quadrise Fuels International Plc, Westminster Group Plc, Alba Mineral Resources PLC, RhythmOne Plc, Metal Tiger Plc. Zak Mir sees support for Quadrise Fuels International Plc (LON:QFI) below current levels, and he reckons the share could be setting up for a strong rally.  ARTICLE          View Edit Delete
169900  Shanta Gold Limited 2016-12-03 10:00:00  2016-12-02 14:47:08  2016-12-02 14:47:08  Shanta Gold expects production at the top end of guidance  Shanta Gold expects production at the top end of guidance      shanta-gold-expects-production-at-the-top-end-of-guidance-169900.html    <p> Shanta Gold Ltd (<a href="-##!##-/LON:SHG/Shanta-Gold-Limited/" class="companyPopupTrigger" rel="903">LON:SHG</a>) boss Toby Bradbury told Proactive Investors that he expects production at the top end of guidance.</p> <p> Bradbury in an interview said: “our production continues as per our guidance which is 82,000-87,000 ounces per year. We expect to hit the top end of that and we produce gold at a very low cost of $690-740 an ounce which is our guidance for this year. We expect to hit the favourable end of that as well''.</p> <p> The company has two projects on the go in Tanzania&nbsp; - the first is a producing gold mine and the other is still in the development stage.</p> <p> ''We were very fortunate. We had seven analysts come out to [ the New Luika mine in ] Tanzania and it was great to be able to show them the work we've been doing over the last year."</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/VHCRQuXfENs" width="560"></iframe></p> <p> “The mine is doing a lot of exciting things at the moment - we have a transformation of our mining from surface into underground and that project is going very well.''</p> <p> ''We're also building a new power station, in part to provide the additional power we need for the underground mine but also to replace the old power station which is coming to the end of its life - and that's all going very well, on target''.</p> <p> Bradbury adds: ''We've also just completed a dam on the Luika river which gives us water security right through the year - even when the river is not flowing''.</p>   Shanta Gold boss Toby Bradbury told Proactive Investors that he expects production at the top end of guidance. Bradbury in an interview said: “our production continues as per our guidance which is 82,000-87,000 ounces per year. We expect to hit the top end of that ..."  ARTICLE            View Edit Delete
169901  Condor Gold PLC 2016-12-03 10:00:00  2016-12-02 15:07:54  2016-12-02 15:07:54  Condor Gold could produce a lot more than 100,000 ounces a year in Nicaragua   Condor Gold could produce a lot more than 100,000 ounces a year in Nicaragua       condor-gold-could-produce-a-lot-more-than-100000-ounces-a-year-in-nicaragua-169901.html    <p> <a href="-##!##-/LON:CNR/Condor-Gold-PLC/" class="companyPopupTrigger" rel="239">Condor Gold PLC</a> (<a href="-##!##-/LON:CNR/Condor-Gold-PLC/" class="companyPopupTrigger" rel="239">LON:CNR</a>) boss Mark Child thinks the group can produce a lot more than 100,000 ounces of gold a year in Nicaragua.</p> <p> The AIM quoted gold company this week inked agreements with three of the country’s government ministers, supporting it as it advances the La India project.</p> <p> “We’re trying to permit a gold processing plant of 2,800 tonnes a day that can produce 100,000 ounces of gold a year, and that’s our base case,” Child told Proactive Investors.</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Vz3Q3V2He28" width="560"></iframe></p> <p> “We think we can produce a lot more than that,” Child ventured, “but for the moment we’re getting just 100,000 ounces permitted.”</p> <p> Child said it had passed the major milestones of completing all of the technical studies, and both the company and the Nicaraguan government are looking to moving on to the next stage.</p> <p> Condor hopes it will get the permits in the first half of next year, but Child notes the company is not the one issuing the permits, and it is beholden to the government on that front.</p> <p> it had passed the major milestones of completing all of the technical studies, and both the company and the Nicaraguan government are looking to moving on to the next stage.</p> <p> Condor hopes it will get the permits in the first half of next year, but Child notes the company is not the one issuing the permits, and it is beholden to the government on that front.</p>   Condor Gold boss Mark Child thinks the group can produce a lot more than 100,000 ounces of gold a year in Nicaragua. The AIM quoted gold company this week inked agreements with three of the country’s government ministers, supporting it as it advances the La India project.  ARTICLE            View Edit Delete
169893  Proactiveinvestors 2016-12-03 08:30:00  2016-12-02 12:16:08  2016-12-02 12:16:08  ‘Hoddle should’ve been England boss, not Southgate’ insists Richard Keys  ‘Hoddle should’ve been England boss, not Southgate’ insists Richard Keys  Richard Keys, football, England, FA, Premier League, Gareth Southgate, Glenn Hoddle, football manager, Chelsea, Man City    hoddle-shouldve-been-england-boss-not-southgate-insists-richard-keys-169893.html    <p> Richard Keys has slammed the FA’s handling of the England managerial vacancy as “laughable”, and told TIP TV that he would have plumped for Glenn Hoddle if the decision was his to make.</p> <p> Gareth Southgate was confirmed earlier this week as the new England boss after a temporary stint in charge of the national team, and Keys thinks the whole interview process was shambolic.</p> <p> “The process of the appointment has been prolonged to a point whereby, if it wasn’t so serious, it would be laughable.</p> <p> “What was that all about? They knew their man, they’ve known that they were going to want to appoint him, so they’ve surely only had to negotiate the deal and get on with it.”</p> <p> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/tTprnDYKTkA?rel=0" width="560"></iframe></p> <p> Keys wished Southgate all the best in his new role, but the former Middlesbrough captain wouldn’t have been number one on his list.</p> <p> “Is he the right man? I would’ve gone with Glenn Hoddle, he would’ve been my preferred choice.”</p> <p> Regardless of who is in charge, Keys doesn’t think it will make a material difference to England’s chances in the next couple of tournaments.</p> <p> “The bottom line is, England just aren’t very good at the minute.</p> <p> You could put half a dozen different people in charge there&nbsp; and probably end up with the same outcome that Roy Hodgson did.”</p> <p> The BeIn Sports pundit also gave his thoughts on this weekend’s upcoming fixtures, including the top-of-the-table clash between Chelsea and City.</p> <p> “I think this is the first time that Chelsea will be asked questions.”</p>   Richard Keys has slammed the FA’s handling of the England managerial vacancy as “laughable”, and told TIP TV that he would have plumped for Glenn Hoddle if the decision was his to make. Gareth Southgate was confirmed earlier this week as the new England boss after a temporary stint in charge of the national team, and Keys thinks the whole interview process was shambolic.  ARTICLE            View Edit Delete
169906  Proactiveinvestors 2016-12-02 16:28:00  2016-12-05 08:59:17  2016-12-02 16:34:12  Sports betting tips: Can Chelsea upset Man City at the Etihad   Sports betting tips: Can Chelsea upset Man City at the Etihad       sports-betting-tips-can-chelsea-upset-man-city-at-the-etihad-169906.html    <p> Ladbroke’s Alex Donohue says the midday match-up between league tittle favourites Man City and Chelsea is a great way to kick off the weekend’s betting action.</p> <p> He reckons at 5/2 Antonio Conte’s Chelsea are good value outsiders even though they are away to &nbsp;Pep Guardiola’s short priced 11/19 favourites.</p> <p> “My money probably would be on Chelsea at 5/2,” Donohue says.</p> <p> “I think they [Chelsea] are playing with a lot of confidence for the moment, they’ve quickly turned things around.”</p> <p> <iframe allowfullscreen="" src="http://tiptv.co.uk/2016/12/2554/fvp/" style="width:1280px;height:722px;border:none;max-width:100%"></iframe></p> <p> Adding the further stipulation that both teams will score could give punters a better price too, he highlights. “Both teams to score and Chelsea to win, a really popular bet, is at 9/2 and could also be a spot of value.”</p> <p> It is still several months before the two super-managers get to experience the Premier League’s famed squeaky bum time, Donohue reckons Saturday’s game will be get the odds moving for the &nbsp;outright title betting.</p> <p> “Looking at the title odds at the moment these are the first two in the betting. If either team comes out and puts down a marker in this game then, even at this point in the season, I’m sure the title odds will be subject to change as well.</p> <p> “It is a great way to kick off the weekend.”</p>   Ladbroke’s Alex Donohue says the midday match-up between league tittle favourites Man City and Chelsea is a great way to kick off the weekend’s betting action. He reckons at 5/2 Antonio Conte’s Chelsea are good value outsiders even though they are away to Pep Guardiola’s short priced 11/19 favourites.  ARTICLE          View Edit Delete
169879  Amryt Pharmaceuticals 2016-12-02 07:53:00  2016-12-02 15:39:15  2016-12-02 07:56:23  Amryt Pharma secures €20mln to advance potentially breakthrough skin disease treatment  Amryt Pharma secures €20mln to advance potentially breakthrough skin disease treatment      amryt-pharma-secures-20mln-to-advance-potentially-breakthrough-skin-disease-treatment-169879.html    <p> Shares in Amryt Pharma PLC (<a class="companyPopupTrigger" href="-##!##-/LON:AMYT/Amryt-Pharmaceuticals/" rel="3950">LON:AMYT</a>) rose 15% after said it secured a €20mln European Investment Bank facility that will help fund a late stage clinical study of a potentially breakthrough treatment for a rare skin disease.</p> <p> The cash will pay for a phase III trial of Episalvan, to demonstrate efficacy and safety, which is expected to get underway in the first-quarter of 2017.</p> <p> Early data from patients with Epidermolysis Bullosa (EB) will be available by mid-2018 with full commercial launch of the product expected the year after.</p> <h3> <a href="http://www.proactiveinvestors.co.uk/companies/rns/161202amyt7654q" onclick="window.open(this.href, '', 'resizable=no,status=no,location=no,toolbar=no,menubar=no,fullscreen=no,scrollbars=no,dependent=no'); return false;">READ: Today's announcement in full&nbsp;</a></h3> <h3> <a href="http://www.proactiveinvestors.co.uk/companies/news/168633/amryt-pharma-s-plan-advances-as-second-drug-gets-orphan-status-168633.html" onclick="window.open(this.href, '', 'resizable=no,status=no,location=no,toolbar=no,menubar=no,fullscreen=no,scrollbars=no,dependent=no'); return false;">READ: The &nbsp;Big Picture on Amryt&nbsp;</a></h3> <h3> <a href="http://www.proactiveinvestors.co.uk/companies/stocktube/6535/amryt-boss-really-excited-to-have-signed-milestone-funding-deal-6535.html">WATCH: CEO Joe Wiley speaks to Proactive's Andrew Scott</a></h3> <p> EB is an inherited disorder where the skin becomes very fragile. The market for the new treatment is thought to be worth US$1.5bn a year.</p> <p> The funding package is important as it spares investors dilution that would have come if Amryt issued shares to bankroll the development of Episalvan.</p> <p> The loan, which can be drawn in three tranches, will also pay for the early development of AP 102, created to tackle a very rare neuroendocrine disease.</p> <p> Chief executive Joe Wiley called the EIB deal a “significant milestone for Amryt [that] represents a material endorsement of our potential from a leading European investment body”.</p> <p> “We remain very excited about the potential of Episalvan to treat Epidermolysis Bullosa, a rare and distressing hereditary skin disorder that affects about 500,000 patients worldwide,” he added.</p> <p> “Currently, there is no available treatment for EB and we believe that Episalvan, a topical gel, has a compelling clinical profile.”</p> <p> At 3.15pm the shares were up 1.58p at 15.33p, valuing the business at £33mln.</p>   Amryt Pharma plc (LON:AMYT) has secured a €20mln European Investment Bank facility that will help fund a late stage clinical study of a potentially breakthrough treatment for a rare skin disease. The cash will pay for a phase III trial of Episalvan, to demonstrate efficacy and safety, which is expected to get underway in the first-quarter of 2017.   ARTICLE            View Edit Delete

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