Metal project developer Ferrum Crescent Ltd (LON:FCR) is set to update on a potentially exciting Spanish venture in an exclusive broadcast interview with Proactive Investors.
On Tuesday, the group’s shares shot up after it revealed growth possibilities of two lead-zinc projects in northern Spain owned by Goldquest Iberica S.L.
Ferrum has an option until the end of July to buy Goldquest for about £460,000, comprising of up to £320,000 in cash and issuing 100 million new shares worth £140,000.
Ferrum also has a controlling interest in a South African company that holds the rights to the Moonlight iron ore deposit in Limpopo province, South Africa.
Its shares were trading 0.02p down at 0.17p in late afternoon trading on Thursday.
Elsewhere, Man Group (LON:EMG) is set to hog the limelight on a thin day for top-flight corporate news.
The investment manager is tipped to report assets under management of US$79.7bn in the quarter to March 31 versus about US$78.1bn a year ago.
Numis Securities analyst David McCann said: “We continue to think that on c.22x FY16E management fee P/E, the shares remain significantly above fair value.”
But heavyweight broker Goldman Sachs has reiterated a ‘buy’ rating on the firm with a price target of 215p.
Man Group’s shares were trading at 150.7p on Thursday, meaning Goldman believes the shares have the potential to rise nearly 43%.