Avation PLC (LON:AVAP) expects pre-tax profits to have more than doubled when it reports its first-half results later this month. The company, which buys planes and then leases them out to airlines such as Thomas Cook and Air France, said it “continues to perform well”.
BlueRock Diamonds PLC (LON:BRD) has recovered a 16.28 carat diamond of gem quality from its Kareevlei mine in South Africa. The stone is 4.58 carats larger than the largest stone hitherto extracted from Kareevlei by BlueRock. Separately, BlueRock has raised £575,000 in a placing of shares at 0.3p each. The money raised will be invested in mining operations and in associated plant. Big Pic in December.
Xtract Resources PLC (LON:XTR) shares soared in late-morning trading Monday after it agreed on a joint exploration agreement for the 8370-HQ-SML license at the Matrix project in Zambia. The exploration firm said the agreement, which was signed with a consortium, would aim to identify a copper/gold resource at the site within a 24 month period, with funding to be provided jointly up to US$1mln.
Metal Tiger PLC (LON:MTR) shares jumped in late-morning trading after it announced a placing to raise £1mln and the signing of a non-binding term sheet to raise £3mln. The natural resource investor said it would place around 70mln new shares at a price of 1.45p each, a 12% premium to its last close price of 1.3p.
SIMEC Atlantis Energy Limited (LON:SAE), has announced further progress on the MeyGen tidal energy extension activities known as Project Stroma with the award of a contract for the manufacture and delivery of the world's most advanced sub-sea tidal turbine connection system.
Directa Plus (LON: DCTA) has received the grant of the Italian patent for the process of removing hydrocarbons from water exploiting Grafysorber, the group’s super-expanded graphite product. The firm said it is targeting the filing of a further three new significant patents in the course of 2019.
ANGLE PLC (LON:AGL), the med-tech firm at the forefront of cancer research, said its liquid biopsy system has been used in research featured in the prestigious science journal Nature. Parstortix was central to the analysis carried out by a team at the University of Basel, in Switzerland, which highlighted the role of immune cells assigned to protect the body from disease in actually promoting the spread of cancer - a process called metastasis.
Following hard on the heels of a commercial deal covering the Baltic area, OptiBiotix Health plc (LON:OPTI) has signed an agreement that will see its breakthrough cholesterol-lowering bacteria strain distributed in Japan. For the UK group has negotiated an exclusive tie-up with the EIWA Trading Co for its LPLDL product.
Primary Health Properties PLC (LON:PHP) has acquired the owner of the Oakwood Lane Medical Centre in Leeds, for £5.43mln. The Oakwood Lane medical centre was completed in 2014 and is fully let to a general practitioner (GP) practice that serves more than 13,500 patients, making it one of the largest practices in the local area; it also has a pharmacy unit that benefits from rent reviews linked to the retail price index.
Solo Oil PLC (LON:SOLO) announced a new round of management changes and gave further details of its business plan – which continues to focus on tight cost management, divestment possibilities and sourcing new opportunities. Chairman Alastair Ferguson changes his role from non-executive to executive management, and, at the same time managing director Dan Maling leaves his position with immediate effect.
Follow-up drilling work undertaken by Savannah Resources PLC (LON:SAV) has confirmed continuity of lithium mineralisation at the Grandao, Reservatorio and Pinherio deposits on the Mina do Barroso lithium project in Portugal.
A review by South Korean state-owned mining company KORES has confirmed Bluebird Merchant Ventures Ltd’s (LON:BMV) estimates of the potential of the Kochang mine. Samples taken by KORES from a small section at Kochang indicated an indicated and inferred resource of 113,000oz compared to Bluebird’s 117,000oz.
Galantas Gold Corporation (LON:GAL)(CVE:GAL) is continuing with development on the Kearney vein at its Omagh gold mine in Northern Ireland. "Current production is sourced from the mining of on-vein drives, which have to be developed before stoping panels are mined,” said chief executive Roland Phelps.
Alba Mineral Resources PLC (LON:ALBA) has updated on progress on its portfolio of mining projects. Among the highlights are ongoing activities towards the re-opening of the Clogau-St Davids gold mine, the UK's largest historical gold producer, as well as an extensive regional exploration programme which will shortly be commencing across the Dolgellau gold belt.
The Marketing Group PLC (NASDAQ OMX:TMG), which trades as RYVL, has reached agreement with Imagine Group Pte Ltd to buy-back 928,571 ordinary shares in the firm held by in three tranches, for a nominal consideration, in total €0.03. The group said the total shares being bought back under the agreement represent 1.80% of it's issued share capital and will be cancelled once the buyback has been completed.