Argo Blockchain PLC (LON:ARB) said it plans significant cost cuts and will mine cryptocurrencies for itself to weather “continuing difficult trading conditions”. The company, which has around £15mln in the bank, believes the strategic ‘pivot’ will see the business break even at the EBITDA level in the second-half.
Clean energy technology firm PowerHouse Energy Group PLC (LON:PHE) is eyeing signing its first revenue-generating contract next quarter.
Metal Tiger PLC (LON:MTR) announced that, on 14 February 2019, its chief investment officer, Mark Potter made on market purchases of 300,000 ordinary shares in the company at an average price of 1.27p each. Following the purchase, the group added, Potter is interested in 6,300,000 ordinary shares, representing approximately 0.47% of the company’s issued share capital.
Stobart Group Ltd (LON:STOB) shares flew higher on Friday morning after it emerged victorious from the bruising legal battle with its former boss and major shareholder Andrew Tinkler.
NetScientific PLC (LON:NSCI) has said it is looking to delist from AIM and re-register as a private company following a strategic review into its operations. The firm, which invests in development-stage medical and healthcare businesses, said that it had concluded following the review that a revised strategy was required to reduce its central functions and costs “significantly” to enable as much of its remaining cash as possible be allocated to its portfolio companies.
88 Energy Ltd (LON:88E) this morning issued a statement telling investors it is on schedule to spud the Winx-1 exploration well later today. The explorer, in a statement, said that the drill rig arrived on site as planned last week, rig-up operations have gone smoothly, and, final preparations are underway before the spud.
Polarean Imaging Plc (LON:POLX), the medical‑imaging technology company, said the University of British Columbia (UBC) is acquiring one of the company’s polarizer systems. No financial details were mentioned, but the Polarean release said UBC has received support from the Canada Foundation for Innovation.
Baker Steel Resources Trust Ltd (LON:BRST), in a statement after Thursday’s close, revealed an agreement to invest US$3mln into Azarga Metals Corp, a company listed on the Toronto Ventures Exchange. It is investing via a 4 year term 8% secured convertible loan.
Echo Energy Plc (LON:ECHO), the Latin American focused upstream oil and gas company, announced that it has been notified that the company's managing director, Martin Hull has today purchased a total of 600,000 ordinary shares in the company at an average price of 4.21p each. As a result, the group added, Hull is now interested in a total of 600,000 ordinary shares, representing 0.13% of the company's issued ordinary share capital.
African Battery Metals Ltd (LON:ABM) said on Friday that it has requested its shares resume trading on AIM with effect from Monday February 18 after shareholders approved a refinancing placing and share subscription by the group.
Ashley House PLC (LON:ASH) announced that on 15 February 2019 it received a notification that Lawshares Nominees Limited has an interest in 9,038,888 ordinary shares in the company, representing approximately 14.98% of its current issued share capital. In a separate announcement, the company also said it had been notified that Admenta Holdings Limited stake in the company has been reduced to 7.45% from 9.11%.
APQ Global Limited (LON:APQ), the emerging markets growth company, announced that as at the close of business on 31 January 2019, its unaudited book value per ordinary share was 96.32 US cents, equivalent to 73.22p.