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Rockfire Resources gets drilling in North Queensland

A look at the day's major movers, including Totally, Vast Resources, Globalworth, DekelOil, Nostrum Oil & Gas and Man Group

Nostrum Oil & Gas Plc - Nostrum plunges after well disappointment; Man down as it reports massive outflows

Rockfire Resources PLC (LON:ROCK) has begun drilling at the Plateau gold deposit, North Queensland, Australia. The news sent its shares 23% higher to 0.325p.

Rockfire said the drilling is intended to increase the confidence in the current inferred resource of the project, extend the current resource and test new geological targets.

“This presents a great opportunity for Rockfire to potentially discover a very large gold deposit. Plateau has similarities to the currently operational Mt Wright gold mine (+1 Moz) which occurs approximately 50 km northeast of Plateau. Mt Wright and Plateau are both breccia-hosted gold deposits, with similar alteration and mineralisation styles,” explained David Price, the chief executive officer of Rockfire.

1.30pm: Totally wins West Hertfordshire contract

Totally PLC (LON:TLY), the provider of services to the UK healthcare sector, has been awarded a new contract worth around £8.3mln.

A subsidiary of the company has been tasked with the provision of urgent treatment centre services to Watford General Hospital.

The shares were up 17% at 12.375p on the news.

12.30pm: A diamond update from Vast Resources

Shares in Vast Resources PLC (LON:VAST) shot up 20% to 0.43p after the mine developer issued an upbeat statement regarding its diamond project in Zimbabwe.

The company said the agreements relating to the Chiadzwa community diamond project are due to be signed next week.

The confirmation followed recent comments on a number of online news sites in the wake of a press conference held by Winston Chitando, Zimbabwe’s minister of Mines and Mining Development.

11.30am: Globalworth dips after tapping the market

Globalworth Real Estate Investments Limited (LON:GWI) shares were on offer, down 2.6% at 9.25p, after the company completed a share placing.

Some 28.6mln shares were placed at €9.25 a pop, raising around €264.3mln in proceeds.

The newly issued shares represent around 14.7% of the existing issued share capital of the Central and Eastern Europe offices investors.

10.30am: DekelOil to change its name

Palm oil producer DekelOil Public Limited (LON:DKL) is to go ahead with its name change to Dekel Agri-Vision Limited.

The ticker symbol will remain unchanged.

Shares in the company, which released a third-quarter production update yesterday, were down 2.6% at 1.90p.

9.30am: Nostrum plunges after well disappointment

Disappointing news relating to well 41 in the pre-Caspian Basin lopped a third off the share price of Nostrum Oil & Gas PLC (LON:NOG).

The shares plunged to 7p after the company said extensive testing on well 41 in the Frasnian reservoir has so far been unable to sustain a commercial flow of hydrocarbons from the well.

The company will now consider whether there are alternative approaches it can take to perforate other reservoirs and is not expecting any production from this well in 2019.

Man down! Man down!

The Man, in this case, being alternative investment management business, Man Group PLC (LON:EMG), which saw its shares slide 2.6% to 158p after a trading statement covering the third quarter of 2019.

The group’s funds saw a net outflow of US$1.1bn in the quarter, contributing to a decline in funds under management to US$112.7bn from US$114.4bn at the end of June.

Proactive news headlines

Supermarket Income Reit PLC (LON:SUPR) has acquired its third property where Sainsbury’s is the tenant, picking up the grocer's Cheltenham superstore and associated multiple purpose-built distribution docks. 

Salt Lake Potash Ltd (LON:SO4) has delivered an “outstanding” bankable feasibility study (BFS) for the commercial-scale development of the 245,000 tonnes per annum Lake Way sulphate of potash project in Western Australia.

Oil rig contractor ADES International Holding PLC (LON:ADES) has won a second deepwater drilling campaign in the Egyptian Mediterranean area.

Columbus Energy Resources PLC (LON:CERP) has teed up the drilling rig for its Saffron well in Trinidad’s South West Peninsula and is just waiting on official ministry inspection and approval.

Symphony Environmental Technologies PLC (LON:SYM), the biodegradable plastic technology firm, is one of the first companies to be awarded the new “Green Economy” classification by the London Stock Exchange.

Ceres Power Holdings Plc (LON:CWR), the fuel cell technology developer, was another to be awarded the new LSE green certification.

Tremor International Ltd (LON:TRMR)’s multi-screen media platform has been ranked the most trusted in mobile, video, and global advertising.

The 15.97mln shares in Polarean Imaging PLC (LON:POLX) held by Amphion Innovations PLC’s (LON:AMP) loan facility provider as security against the loan have been sold.

Gaming Realms PLC’s (LON:GMR) founder, Simon Collins, will step down from the board with effect from Friday, having been sitting on the board as a non-executive director.

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