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Proactive news snapshot: BigDish, ValiRx, Oriole Resources …

A glance at some of the day's highlights from the Proactive Investors newswire
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BigDish Plc (LON:DISH) went live with its restaurant booking service in Bristol on Thursday while also updating on its strategy for 2019.

ValiRx Plc (LON:VAL) has beefed up its intellectual property  once again after the junior biotech secured two new patents for its VAL301 compound in China and Russia, respectively.

Mineral resources exploration company Oriole Resources PLC (LON:ORR) is to receive a rebate of around £500,000 from the taxman.

Trading in discoverIE Group PLC’s (LON:DSCV) fiscal third quarter continued strongly leaving the group on track to meet full-year earnings expectations.

Geographical profiling specialist Location Sciences Group PLC (LON:LSAI) has made a good start to 2019 with especially strong interest in its Verify anti-fraud service. Verify, a platform that checks that data about consumers’ locations is bonafide, was soft launched at the CES show in Las Vegas in January.

GP surgery property owner Primary Health Properties PLC (LON:PHP) raised its dividend for a 22nd year as it played down Brexit uncertainties. “Whatever the final outcome and consequences of Brexit for the UK it is unlikely to have a direct impact on the primary health centres we invest in,” said Harry Hyman chief executive.

Regenerative medicines group Collagen Solutions PLC (LON:COS) has signed a new license and distribution agreement for its knee cartilage scaffold ChondroMimetic with an Indonesian partner.

Oracle Power PLC (LON:ORCP) shares jumped in mid-afternoon trading Thursday after its consortium, which also includes Beijing Jingneng Power Company Limited (BJPC) and PowerChina International Group Limited, agreed pre-development funding for the Thar coal mine and power plant project in Pakistan.

Shefa Yamim (ATM) Ltd (LON:SEFA) has released the results from a bulk sampling at Zone 2 of its Kishon Mid-Reach project in Israel.

Frontier IP Group Plc (LON:FIPP) shares moved up in early trading after a consortium led by its portfolio firm Nandi proteins won a grant to improve the quality of gluten-free bread. The investment firm, which specialises in commercialising university-developed technology, said the £250,000 project to create new ingredients using Nandi’s processing technology would receive a £180,697 grant from charity Coeliac UK and agency Innovate UK.

Acquisitive computer game production services provider Keywords Studios PLC (LON:KWS) said 2018 was “another year of good organic growth and geographic expansion”.

Scancell Holdings PLC (LON:SCLP) said in its interim results it has the cash to advance its pipeline of immunotherapy products.

SkinBioTherapeutics PLC (LON:SBTX) said there are no safety or compliance concerns with people taking part in a test of the company’s skin cream. Half the 120 volunteers have been through the trial process with the study set to complete as expected during this quarter.

Cell therapy specialist ReNeuron Group PLC (LON:RENE) said new data will be presented that demonstrate the feasibility of scaling up production of ReNeuron's CTX-derived exosomes. Exosomes are nanoparticles released by cells that are believed to play a key role in cell-to-cell communication.

A ban on tenant fees from June will have less impact than expected on Belvoir Letting PLC (LON:BLV). Originally, Belvoir, which runs the UK’s second largest letting network, forecast the ban would knock 8% from gross profits.

IronRidge Resources Limited (LON:IRR) has issued an update for its Cape Coast lithium portfolio in Ghana. The exploration company said it had completed 4,684 metres of reverse circulation drilling at the Abonko target and Eqoyaa lithium project which had returned visible spodumene intersections with assays pending.

Redx Pharma Plc (LON:REDX) is exploring options for Novel Bacterial Topoisomerase Inhibitor (NBTI) programme with other parties potentially interested in licensing the project after Deinove said it has decided not to exercise their option. The firm said the decision by Deinove follows a period of nine months of evaluation during which the group had sole rights to develop the programme.

Ashley House PLC (LON:ASH) has said it is expected to turn a profit in its full-year period after narrowing losses in the first six months.

Metal Tiger PLC (LON:MTR) has sold a slug of the shares it owns in Aussie-listed copper explorer MOD Resources worth £254,000.

Rainbow Rare Earths Ltd’s (LON:RBW) CEO Martin Eales believes the miner now has a plan in place take its financial performance to break-even and beyond.

Acquisitive oiler Diversified Gas & Oil PLC (LON:DGOC) has confirmed that trading in the final weeks of 2018 “remained strong”.

The Marketing Group PLC (NASDAQ OMX:TMG), which trades as RYVL, has raised €407,520 in a conditional placing. The firm had previously announced the placing in December, which said it would place 18,112,000 units - comprising one share and one warrant to subscribe at €0.05 for a share at a per unit price of €0.0225, subject to shareholder approval.

United Oil & Gas Plc is moving its listing to the AIM market and proposes to cancel trading on the standard segment of the London Stock Exchange's Main Market. In a statement, the oil and gas exploration and development company said its board believes that the move to AIM is in the best interests of the company and its shareholders.

Cradle Arc PLC (LON:CRA) said that, further to its announcement of 20 December 2018, it has appointed Antony Batty and Hugh Jesseman of Antony Batty & Company as joint administrators to the company with immediate effect. It added that the objective of the administration is to enable an orderly realisation of its assets with a view to maximising value for creditors and shareholders and, if possible, the survival of the company.

An environmental study and drilling targeting high-grade areas are among Europa Metals Ltd’s(LON:EUZ) key objectives for 2019 at Toral in Spain. A first diamond dril campaign in 2018 indicated lead and zinc in all drill holes including an unexpectedly high-grade intersection near to surface. Europa is delisting from the Australian Stock Exchange, with AIM to become its primary listing.

Thor Mining PLC's (LON:THR) cash position remains 'sound', with forecast activities fully financed until late 2019 having raised £581,000 from the exercise of warrants during the quarter.

Kore Potash PLC (LON:KP2) expects the consortium of French firms that put together the DFS for the Kola potash project in Congo Brazzaville to submit a proposal (EPC) to build the mine this quarter. At end December 2018, Kore had US$6.2mln cash in the bank.

Salt Lake Potash Ltd (LON:SO4) is already producing substantial volumes of potassium harvest salts from trials at Lake Way. A start to construction of the Williamson Ponds is also imminent and they will be the first operational scale Sulphate of Potash (SOP) evaporation ponds built on a salt lake in Australia. Cash at end December was A$12mln.

88 Energy Limited (LON:88E) ((ASX:88E) confirmed that the company's latest corporate presentation is now available on its website.


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