ClearStar Inc (LON:CLSU) shined on Tuesday as it recorded its highest-ever six-month revenues in the first half of 2019, with medical information services once again being the primary growth driver.
IQ-AI Limited (LON:IQAI) said its Imaging Biometrics (IB) arm is continuing to develop products that reduce and ultimately eliminate gadolinium-based contrast agents in medical imaging. Its race to find alternatives appears to be a well-timed one given the latest welter of clinical evidence linking these gadolinium products with a host of conditions.
Greatland Gold PLC (LON:GGP) told investors that it has begun a drill programme at the Black Hills gold project, in the Paterson region of Western Australia. It is the first drill programme at Black Hills and it will comprise a total of 20 holes. The Company expects to drill around 6,000 metres.
Katoro Gold PLC (LON:KAT) has applied for five further exploration licences at its Haneti nickel project in Tanzania after identifying potential for lithium and rare earth elements. Looking for nickel sulphides at its 75%-owned project, the AIM-listed company’s exploration team identified several pegmatite outcrops within two abandoned artisanal pits in the vicinity.
Kibo Energy PLC (LON:KIBO) shares surged on Tuesday after its special mining licence (SML) application for the Mbeya coal to power project in Tanzania was converted into seven applications to create a “more efficient” approach. The Africa-focused energy company said the decision to split the SML into seven mining licence applications was the product of “constructive and co-operative interaction” with the Tanzanian Mining Commission and would be a more efficient and effective approach under prevailing legislation to licence the project area for commercial mining.
Cello Health PLC (LON:CLL) has launched its German branch with a new office in Berlin while also appointing two regional directors. The healthcare-focused consultancy said on Monday that the two regional directors were Heike Tombrink, who was also appointed head of Cello Health Insight Germany, and Matthias Heurich, who would be supporting digital innovation.
ADES International Holding PLC (LON:ADES) has an “unsustainably low valuation” and is the least expensive oil services firm versus its global peers, according to analysts at Numis Securities. In a note initiating coverage on the stock with a ‘buy’ rating and US$24.3 price target, the broker said the main market-listed firm is the second-largest jack-up rig owner in the Middle East and North Africa (MENA) region, with its fleet “perfectly suited” for the needs of leading oil companies.
In a note, Capital Network analyst Ed Stacey pointed out that Synnovia “has an established record of revenue growth and a significant upside opportunity in improving profit margins.” He concluded: “We believe that the valuation could re-rate upwards as risk factors such as Brexit uncertainty begin to dissipate.”
Collagen Solutions PLC (LON:COS) reiterated it is well set financially and can see a runway to profitability following its £6mln fundraise last month. The comments were made alongside full-year results, which charted 12 months of significant progress, but also announced the retirement of chairman David Evans, who has a muscle wasting disease.
Tharisa PLC (LON:THS) expects a strong end to the year after tonnages of ore mined and milled increased in its third quarter. The output of platinum group metals– platinum, palladium, rhodium – rose a touch to 34,100 oz, while chrome concentrate production improved 8.2% to 334,000 tonnes.
Shefa Gems Ltd (LON:SEFA) has extended the expiration date of warrants issued when the company listed in London by six months. The warrants had varied expiration dates, from June 2019 to December 2020.
Chariot Oil & Gas Limited (LON: CHAR) chief executive Larry Bottomley has highlighted that the Anchois gas discovery, part of the Lixus licence, is expected to deliver strong returns and significant cash flow. The Chariot boss, in a statement ahead of today’s AGM, noted that Anchois may host one trillion cubic feet of gas resources which makes it a strategically important indigenous source of gas for Morocco.
After some delay, Regency Mines PLC (LON:RGM) has managed to secure an investment into its US coal business, Mining Equity Trust. Following the US$750,000 investment into MET by investment company Carraigbarre Capital Ltd, Regency will hold a 25.84% stake in MET.
Tower Resources PLC (LON:TRP), the Africa-focused oil company, said it has progressed a stage further in its appeal against the decision of HMRC to deny it credit for input VAT. In a brief statement, the group noted that, on 8 July, The First-Tier Tribunal (Tax Chamber) delivered its decision to allow the company's appeal.
IronRidge Resources Limited (LON:IRR), the African-focused minerals exploration company, announced that Tetsunosuke Miyawaki will succeed Ken Tsubaki as a non-executive director with immediate effect. The group noted that Miyawaki, who has to date acted as the alternate director for Tsubaki, formally joins the board as part of the company's strategic alliance with Sumitomo Corporation, the Japan-based global conglomerate which has a 10.2% interest in IronRidge.
Bluebird Merchant Ventures (LON:BMV), the Korean-focused gold development group, announced that its chief executive officer Colin Patterson bought 65,000 shares on market at 1.94p each on 5 July 2019 and a further 65,000 shares on market at 1.89p each on 8 July 2019 through Kensington Trust Singapore Limited, with whom he is associated.