Proactive news snapshot: Thor Mining, Michelmersh Brick, Columbus Energy …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Thor Mining PLC (LON:THR) turned in a loss before tax of £540,000 during the six months to December 2017, and ended the calendar year with £1.3mln in the bank, following a series of successful fundraisings. Thor has also revealed the existence of a high-grade zone at the centre of the Kapunda copper project in Australia, where an in-situ leaching project is planned.

Michelmersh Brick Holdings Plc (LON:MBH) posted strong annual results as a first meaningful contribution from recent acquisition Carlton coincided with a strong market for premium bricks. Carlton cost £31.2mln in June and was largely behind the 26% jump in revenue to £37.9mln in 2017. Organic growth was 3%.

Columbus Energy PLC (LON:CERP) announced that it has successfully restructured the Beach Oilfield Limited (BOLT) transaction in the South West Peninsula of Trinidad on materially improved terms. The AIM-listed oil and gas producer and explorer focused on onshore Trinidad with the ambition to grow in South America also said it has entered into an agreement for lease with Singh's (Cedros) Estates Limited to gain long-term access to the South West Peninsula for oil and gas operations, including the Bonasse oilfield.

Clinigen Group PLC (LON:CLIN) has been appointed by US-listed drug developer Jazz Pharmaceuticals (NASDAQ:JAZZ) to provide access to the latter’s leukaemia treatment. Clinigen specialises in managed access programmes which provide medicines to people in need where the product does not have regulatory sign-off in the local jurisdiction.

Motif Bio Plc’s (LON:MTFB, NASDAQ:MTFB) chief medical officer, David Huang, will deliver a presentation outlining the potential of its next-generation antibiotic at an important New York healthcare event. The company has driven iclaprim to verge of regulatory approval after completing two successful phase III clinical trials. Huang will provide his insights at a break-out session at the Oppenheimer 28th Annual Healthcare Conference called Superbugs & Superdrugs.

WideCells Group PLC (LON:WDC) has announced that its 100%-owned stem cell storage and research division WideCells Ltd has been granted a government-backed Innovate UK Knowledge Transfer Partnership with Manchester Metropolitan University to undertake research on a new form of stem cell technology.

Asiamet Resources Limited (LON:ARS) has said ongoing resource delineation drilling at the BKZ prospect in Indonesia continues to intersect high-grade polymetallic and copper-silver mineralisation, as predicted. Peter Bird, Asiamet's chief executive officer commented: "The excellent results generated from our drilling programmes at both the BKM and BKZ projects over the past three years clearly demonstrate the intrinsic value of Asiamet's project portfolio.”

Asia-focused investment company Adamas Finance Asia Limited’s (LON:ADAM) new management team has made its first investment. DocDoc fits the new investment remit of pan-Asian income producing assets with capital gain potential said Harmony Capital, which took over in May 2017 and that up to now has been trimming the portfolio.

E-learning specialist Learning Technologies Group PLC (LON:LTG) said current trading is ahead of expectations. It is the second time this year the company has raised guidance; in January the group advised the market that earnings would be “materially ahead of market expectations at not less than £14mln” and so it proved, with EBIT coming in bang on £14mln, up from £7.0mln the year before.

Telit Communications Plc (LON:TCM) announced that it has been informed that the first level tax court in Italy has rejected appeals filed by the firm against penalty deeds issued by Italian tax authorities in August 2015. In a statement, the AIM-listed Internet of Things (IoT) enabler said it intends “to appeal and to vigorously defend its position and has been advised that its position in this matter remains strong.”

NetScientific PLC (LON:NSCI) has said its portfolio company, Wanda Health, is expanding into orthopaedics through a new partnership with HRS Home Health (HRS). The AIM-listed healthcare IP commercialisation group said the partnership would bring Wanda’s specialities in predictive analytics and artificial intelligence (AI) to bear on orthopaedics.

CentralNic Group PLC has secured the distribution contract for the Top Level Domain (TLD) ‘.ooo’ from Infibeam Incorporation Limited. The global software platform company said the ‘.ooo’ registry business placed Infibeam in a strong position as an affordable alternative to ‘.com’ domains and is tailor-made for large-scale usage in existing and emerging markets.

Blockchain technology company Coinsilium Group Ltd (NEX:COIN) has agreed a deal to provide advisory services to cryptocurrency platform provider, Bundle Network Ltd, for its token generating event. Coinsilium said it will work with Bundle to provide “strategic insights and important introductions within the blockchain community”.

Hummingbird Resources PLC (LON:HUM) is now achieving gold recoveries consistently above 96% from its Yanfolila mine in Mali. Nearly 17,000 ounces of gold have been produced from the mine, since production began in December.

Scotgold Resources Ltd (LON:SGZ) has signed up South African explorer PanEx as an earn-in partner on the Pomar licence in Portugal. If PanEx elect to take project through to feasibility Scotgold will be left with a 20% interest in a potentially viable project. Scotgold's focus remains on Cononish and the Scottish gold assets.

Oil and gas drilling services provider ADES International Holding Ltd (LON:ADES) expects to deliver continued organic growth in 2018 after a solid performance in 2017. Revenue in 2017 rose 17.5% to US$157.6mln from US$134.1mln in 2016.

Metal Tiger PLC (LON:MTR), the AIM-listed investor in strategic natural resource opportunities, announced on market purchase of a further 1,412,915 shares in MOD Resources Limited (ASX:MOD) for a total of A$66,478. The group said it currently holds 130,912,915 MOD shares representing 6.049% of the issued share capital.

Stratex International plc (LON:STI), the AIM-quoted gold-focused exploration and development company in Turkey and Africa, said it has been notified of two share purchase by its CEO, Tim Livesey today. The group said Livesey purchased 1,890,141 ordinary shares in the company at 0.74 p each, and a further 856,659 ordinary shares at 0.699p each. Stratex added that, following the purchases, Livesey now holds 2,746,800 shares in the company which equates to 0.59% of the issued share capital. He also holds 6,000,000 share options.

Metminco Limited (LON:MNC) (ASX:MNC) announced the resignation of Ram Venkat as a non-executive director, effective from 19 March 2018. The group added that Venkat said he has resigned in order to allow the company the opportunity to refresh its board in line with the proposed capital raising transaction. It said he will continue to consult to the company through to August 2018.

Tharisa PLC (LON:THS) announced that Zhong Liang Hong has been appointed to the Board as a non-executive director with effect from 1 April 2018. The group said Hong represents Fujian Wuhang Stainless Steel Co. Ltd and Hong Kong HeYi Mining Resources Company Ltd, which respectively hold 7.46% and 1.99% of Tharisa's issued share capital with voting rights as at 1 March 2018.

Falcon Media House (LON:FAL), the global digital media group focused on the OTT video market, announces the retirement of Richard Baker and Edgar Wallner as non-executive directors with immediate effect.

Harvest Minerals Limited (LON:HMI), the AIM listed fertiliser producer, announced that David Burton has unexpectedly resigned as a director of the company for personal reasons. Harvest Minerals also announced that an audio recording of the shareholder conference call hosted on the 13 March 2018 is now available to access on the company website.

Jubilee Metals Group PLC has issued an invite to shareholders to participate in a LIVE interactive webcast, scheduled to commence at 11:00am UK time on Thursday 22 March 2018. The group said the webcast offers Jubilee shareholders the opportunity to engage with the board for an update on its Hernic and other company projects.


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