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Proactive news snapshot: Belvoir Group, Caledonia Mining, Greatland Gold, ANGLE …

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

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Your daily round-up from the world of Proactive

Belvoir Group PLC (LON:BLV) said its profits in 2019 will be 'comfortably ahead' of expectations after revenues surged ahead in spite of the impact of Brexit and the tenant fee ban. Revenue at the letting agency jumped 43% to £19.5m with the property division achieving 6% growth.

Caledonia Mining Corporation PLC (LON:CMCL) (CVE:CAL) saw its shares jump on Thursday after the gold producer said its earnings for 2019 will be substantially higher than market expectations. In a statement, the AIM-listed group said the outperformance was due to the combined effects of the continued strength of the gold price, higher than expected production for 2019 and lower than expected operating costs.

Greatland Gold PLC (LON:GGP) has hailed what it said are “further outstanding drill results” at its Havieron project in Western Australia. The drilling, carried out by Australian operator Newcrest Mining Limited (ASX:NCM), has continued to expand the extent of mineralisation at the project, Greatland said, with the best results including 136 metres at 2.9 grams per tonne of gold and 0.6% copper.

ANGLE PLC (LON:AGL) (OTCMKTS:ANPCY) chief executive Andrew Newland said he was “delighted” following “positive discussions” with the US health watchdog that have paved the way for a formal submission for regulatory clearance of its cancer diagnostic. The face-to-face meeting with the US Food & Drug Administration (FDA) took place last week to garner feedback from the FDA, which also answered a number of queries from the AIM-listed med-tech firm.

Alien Metals Limited (LON:UFO), the minerals exploration and development company said an induced polarisation survey is to commence soon at its Donovan 2 copper-gold project following a recently carried out a site visit to Mexico. The group said its technical team has decided that the next stage of work will be the ground-based survey designed to aid in defining coherent drilling targets.

Bushveld Minerals Ltd (LON:BMN) has reported record quarterly production from its Vametco vanadium mine and said it has begun crucial refurbishment works at newly acquired Vanchem. In a statement, the firm said Vametco's production of 2,833mln tonnes of vanadium (mtV) in 2019 was up 11% on the previous year, helped by fourth-quarter production of 880 mtV that was up 57% on the prior quarter and 24% year-on-year.

Arix Bioscience PLC (LON:ARIX) said investee company Autolus Therapeutics PLC (NASDAQ:AUTL) has published encouraging additional data from its phase I/II clinical study of a drug developed to treat a type of blood cancer called diffuse large B cell lymphoma. AUTO3 is a next-generation programmed T cell therapy that is being trialled in people with relapsed or refractory (difficult to treat) forms of the disease.

Braveheart Investment Group PLC’s (LON:BRH) has updated on its six strategic investments, revealing progress of varying pace on all fronts. Among the highlights, detectors-maker Paraytec, where in October Braveheart bought the remaining shares it did not already own, has begun the second round of end-user trials for its main R&D project, with the scientific team due to visit GlaxoSmithKline and Medimmune over the coming weeks, having already conducting trials with Fujifilm Diosynth.

Keywords Studios PLC (LON:KWS) has reported higher revenues and profits for 2019 despite what it said was a “relatively light year” for the video game industry. The provider of technical and creative services said in a trading update that it expects to report a full-year adjusted pre-tax profit of €41mln, 8% higher than 2018, while revenues are forecast to climb around 30% to €326mln.

Inspired Energy plc (LON:INSE) reported an acceleration in sales growth in the second half of 2019, with the energy consultancy deciding to step up investment to grab opportunities in optimisation services. Total revenue for the calendar year is expected to be up 50%, compared to 33% in the first half of the year and 24% in 2018, with the core corporate division growing 58%.

Falcon Oil & Gas Ltd (LON:FOG, CVE:FO) told investors that drilling operations have now started for the new, replacement, horizontal section in the Kyalla well. The sidetrack well, referred to as ‘Kyalla 117 N2-1H ST2’, will now be drilled horizontally within the Lower Kyalla shale over a lateral length between 1,000 and 2,000 metres. This new section is positioned at a depth of around 1,800 metres.

Haydale Graphene Industries PLC (LON:HAYD) has lowered its expectations for this year after slow sales in the US and UK. US unit HCT has seen disappointing demand for silicon carbide (SiC) whiskers and blends, while the new blanks production line started later than scheduled in November.

Seeing Machines Limited (LON:SEE) is expecting that revenues for its second half will “significantly” exceed those from the first six months of its current year. In a trading update for the six months ended 31 December, Paul McGlone, chief executive of the driver monitoring specialist, said the revenue boost will originate from the pipeline developed across its fleet division in the first half, with installations of its systems “accelerating month by month to support the connected unit target for the full year”.

discoverIE Group PLC (LON:DSCV) is on track to deliver full-year earnings in line with the customised electronics maker’s board’s expectations. In a trading update covering the final three months of 2019 – the third quarter of the group’s financial year – the group said sales were up by 6% year-on-year on a constant exchange rates (CER) basis and 3% on a reported basis. Growth in orders was ahead of sales growth.

Echo Energy PLC (LON:ECHO) told investors that the CLix-1001 well, its first in the Palermo Aike area, is now confirmed as successfully encountering its primary exploration target in the Springhill formation. Following further analysis of well data, the company said that the primary target was found some 28 metres higher in the well than anticipated, and, some 58 metres above the interpreted regional water contact zone.

Bahamas Petroleum Company PLC (LON:BPC) has told investors that its hotly anticipated first exploration well is expected to get underway in April. It said that the well, to be called Perseverance-1, will be drilled in the northern segment of the ‘B Structure’ to target some 770mln barrels of recoverable prospective resources, with the ‘upside case’ estimates potentially pitched twice as high.

IronRidge Resources Limited’s (LON:IRR) search for a significant gold deposit in “elephant country” in Côte d'Ivoire has yielded further early success. Following on from some impressive aircore drill results, geologists working on the Zaranou project have uncovered some major gold-in-soil anomalies, the longest of which was 4km.

Benchmark Holdings PLC LON:BMK) has conditionally raised £36.4mln via a share placing and the aquaculture health, nutrition and genetics business intends to raise up to a further £6.6mln by way of an open offer to qualifying shareholders to fund the commercial development of its CleanTreat system. The AIM-listed company said the placing will be at an issue price of 40p per ordinary share, with the open offer to be priced at the same level. Benchmark shares closed trade on Wednesday at 44.50p.

Coinsilium Group Limited (LON:COIN), the blockchain technology venture builder, advisor and investor, announced that it was informed on 30 January 2020 by Almon I Holding SA, that it acquired 1,000,000 ordinary shares, taking its holding to 5,000,000 ordinary shares in the company, representing 3.68% of the 135,968,235 ordinary shares with voting rights, excluding the 6,130,000 ordinary shares held in treasury.

Quadrise Fuels International PLC (LON:QFI) announced that, following a comprehensive audit tender process, its board has approved the proposed appointment of BDO as auditors to the company for the financial year ended 30 June 2020. It said shareholder approval to confirm the appointment of BDO for the financial year ended 30 June 2021 will be sought at the company's 2020 Annual General Meeting.

Pure Gold Mining Inc. (CVE:PGM) (LON:PUR) announced the appointment of Peel Hunt and Tamesis Partners as its joint corporate brokers with immediate effect.

Anglo African Oil & Gas PLC: (LON:AAOG) said it has issued 12,222,242 new ordinary shares at a price of 0.375p each in settlement of certain creditors.

Vast Resources (LON:VAST), the AIM-listed mining company, announced that the conclusion of the Tranche 1 drawdown process of the Atlas facility under the Bond Issue Deed announced on 24 October 2019 is imminent and anticipates making a further announcement shortly.

Tharisa PLC (LON:THS) said shareholders are advised that all the resolutions tabled at the Annual General Meeting of shareholders held on Wednesday, 29 January 2020 were passed by the requisite majority.

Red Rock Resources PLC (LON:RRR) said that at its Annual General Meeting held on Wednesday, all resolutions were passed.

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