Challenger Acquisitions Limited (LON:CHAL) has noted yesterday’s share price spike on US reports over the weekend that a new contractor had been found to finish the New York observation wheel but provided no confirmation that an appointment is imminent. In a statement, the AIM-listed firm simply said: “Challenger looks forward to updating the market when a new contractor is formally appointed and a new date is set for the completion of the New York Wheel.”
It has been a difficult 12 months or so for PCG Entertainment Plc(LON:PCGE), but the Asia-Pacific online gaming and media group is more upbeat on its future as it looks to bring itself “back from the abyss”. For the 15 months ended 31 March (PCG is moving its year-end), the company – which is still in the pre-revenues stage – recorded a total comprehensive loss of US$14.2mln (2016: US$2mln).
The higher gold price gave a turbo boost to a business that was already motoring at pawnbroker H & T Group PLC (LON:HAT). Profit before tax in the first half of 2017 rose 62.2% to £6.0mln from £3.7mln the year before.
Akers Biosciences Inc (LON:AKR, NASDAQ:AKER) said it believes China will be a significant market for its rapid test for an allergy to the blood thinner heparin as it gave an upbeat assessment of prospects alongside interim results. “We continue to believe that, once additional regulatory hurdles in China are complete, China will become a very significant non-US revenue stream for PIFA Heparin/PF4 Rapid Assay products,” investors were told.
Regenerative medicines specialist WideCells Group PLC (LON:WDC) has raised £750,000 through a share placing as it looks to further its penetration of the rapidly growing stem cell market. The London-listed company has issued 5.35mln shares at 14p apiece to both new and existing shareholders, as well as several members of the board.
Emerging markets income trust APQ Global Limited (LON:APQ) has raised just over £20mln through a convertible loan issue backed by major shareholder Old Mutual. Some £20.1mln CULS have been issued with a coupon of 3.5% and a conversion price of about 105.4p, a 10% premium to the book value of 95.8p.
The process of protecting its intellectual property continues at Silence Therapeutics PLC (LON:SL.) with the grant of two more US patents on its technology expected soon. It said the US Patent and Trade Mark Office has issued what’s called a notice of allowance for the applications it made.
Lionsgold Limited (LON:LION) has revealed feasibility numbers for the Jonigiri gold project in India, which it has an interest in through 21.15%-owned Geomysore Services. Jonigiri looks economically robust and is likely to produce at all-in costs of US$753 per ounce and have a mine life of seven years.
Asiamet Resources Limited (LON:ARS) has filed a technical report confirming the previously announced resource at the Beruang Kanan Main zone as 49.2 million tonnes at 0.70% copper. This equates to containing 711.3 mln pounds or 322,600 tonnes of copper at a 0.2% copper cut-off grade.
Merchandising software and technology group ATTRAQT Group plc (LON:ATQT) told investors it has appointed Eric Dodd as its new chief financial officer. Dodd joins the company from Iptor Supply Chain Systems UK Limited, a private equity backed software business, and he is slated to start on September 1. He replaces Mark Johnson who is retiring and stepping down from the board.
Sound Energy PLC (LON:SOU) investors can start looking forward to new catalysts at the group’s Moroccan operations, as the company is now gearing up for new programmes. The explorer, via Twitter, told investors that equipment for a planned seismic exploration campaign has now arrived in the country.
Seeing Machines Limited (LON:SEE), the driver monitoring technology firm, has announced a deal with fleet telematics solutions provider Geotab. Geotab has added Seeing Machines’ fleet Guardian solution to the Geotab marketplace, which serves more than 14,000 Geotab customers. The marketplace features a plethora of applications, plug-ins and add-on modules aimed at fleet managers.
It’s been a difficult week or so for Telit Communications Plc (LON:TCM), but two institutions are betting big that the Internet of Things (IoT) enabler will bounce back. Telit shares have lost more than half of their value of the couple of weeks on the back of a surprise profit warning and legal issues for its now ex-chief executive Oozi Cats.
Cadence Minerals Plc (LON:KNDC) said sampling on the Tisová cobalt, copper and gold project in the Czech Republic had returned significant grades of the metals. It returned 0.68% cobalt, 3.7 grams per tonne of gold and 3.5% copper. Tisová is owned by Auroch Minerals, in which Cadence has a 7.7% stake.
Action Hotels PLC (LON:ACHG) said its non-executive chairman, Sheikh Mubarak A. M. Al-Sabah, has purchased another 66,700 ordinary shares in the company, at a price of 40.25p each, taking his holding in the group to 97,305,616 shares, representing approximately 65.91% of the hotels operator issued share capital.
Orosur Mining Limited’s (LON:OMI CVE:OMI) recent funding has given an opportunity for it to become a substantial gold producer, according to house broker Cantor Fitzgerald. The Uruguay-based junior raised C$4mln (24.1c or 14.7p) through an oversubscribed placing, while warrants exercisable at 20.4p before 2020 may bring in a further £1.7mln.
Bushveld Minerals PLC (LON:BMN) has started work on an AIM listing for its tin business, Greenhills Resources, it confirmed today. Greenhills comprises the Mokopane tin asset in South Africa, a near half share of the 85% owner of Uis in Namibia that it acquired in June for £650,000, and brownfield project Marble Hall.
Falcon Media House PLC (LON:FAL) announced that all resolutions were duly passed at the over-the-top video streaming market firm’s Annual General Meeting held today.