MediaZest (LON:MDZ) – CORP: New Business Wins
Market Cap: £2.2m; Current Price: 0.21p
Securing new business
- The business has secured additional work with Hyundai, on the back of the work completed at Bluewater shopping centre. This additional work is expected to be confirmed before the end of the calendar year 2015. In addition to the new work with Hyundai the group is now working with Adidas again on an ongoing basis, which has led to two deployments in the UK at high profile sites and one in Germany. Further deployments are expected in the UK and Belgium in August 2015.
- Furthermore, work with new client Ted Baker continues with the launch of a new store concept. New work has also been secured with other high calibre brands such as Chivas Regal, Samsung and Virgin Active during the period.
- The combined revenue value of the abovementioned projects is in excess of £0.5m and it is expected that all of the clients will commission further work in respect of ongoing repeat business. Finally, full year results to the end of March 2015 is due before the end of August 2015.
NORTHLAND CAPITAL PARTNERS VIEW: MediaZest continues to secure new work with high calibre brand owners and winning repeat business from brand owners, specifically around retail analytics, will also increase revenue visibility for the business in our view.
Ariana Resources (LON:AAU) Red Rabbit Project update
Market Cap: £7m; Current Price: 0.9p
Development of the Kiziltepe Gold Mine remains on track
- Forestry permit payments have been made totalling US$0.96m to the Department of Forestry.
- First tranche of the project development funds released.
- Majority of critical land now acquired.
- Orders for long lead items placed.
- Mining contractor quotes received.
- The construction of the Kiziltepe Gold Mine remains on track for first gold pour in H216.
NORTHLAND CAPITAL PARTNERS VIEW: Ariana Resources continues to advance its Red Rabbit Gold project, located in Western Turkey, towards production in H216. Production will come from the Kiziltepe sector of the project and the mine is expected to produce around 20,000oz Au per annum over the first five of the eight years of mine life. Red Rabbit has considerable upside potential with a number of exploration targets that could result in both an increase in annual production rates and the life of the mine making it an attractive start-up operation for the Company that it can use to grow its production levels.