After graduating with first class honours in economics from Lancaster University in 2006, Jamie spent a number of years as a private client equity dealer gaining front-line experience in the investment industry during the most fast paced and volatile period in financial history. Having acquired an insight from both professional and individual investors, Jamie joined Proactive’s growing editorial team in 2009.
San Leon is issuing new shares at 45p which is a 54% premium to the last price before trading was suspended in January.
Experts say Sirius Minerals has much further to go, despite reaching a £1bn valuation, nevertheless we take a closer look at the increasingly popular potash and fertiliser sector.
SDX is seemingly undeterred by lower realised oil prices and the disappointment of exploration write offs. Given its solid financials, a recent funding boost and its programme of field enhancements in Egypt CEO Paul Welch is looking ahead with confidence.
Jersey Oil & Gas is set to receive US$1.2mln of cash, meanwhile Statoil has committed to paying US$20mln of the costs to drill an exploration well.
VOG told investors "there is no basis to challenge the choice of the rig or drilling contractor" nevertheless the arbitration is still pending.
Completing the PEA for the BKM project was the highlight of the half year, says Asiamet, as it highlighted the “excellent potential” for the copper deposit.
"The placing will help us maintain our focus on the financing of the acquisition of SMC, which is set to transform us into a significant low cost integrated vanadium company," says Fortune Mojapelo.
"While the overall trading outcome for the business was somewhat mixed during H1 2016, we can report a significant increase in both sales performance and cash generation,” said Colin Tucker.
Persimmon and Jersey Oil & Gas drew focus, but, otherwise it was a typically August morning in the City.
Parkmead, Drax Group, Ladbrokes, and AG Barr feature in Friday's Broker Spotlight.
UBS upgraded Cairn to ‘buy’ and a 220p price target suggests some 12% upside to Friday's higher share price of 196p.
Liberum has put its recommendation and price target under review following GAME’s pre-close trading update.