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Concepta 1.3p £3.4m (LON:CPT)
Concepta announces that it has agreed to outsource manufacturing for myLotus®; reducing overheads costs for the Company and allowing it to focus on product commercialisation.
To this end, the Company has signed agreements with Abingdon Health Ltd ("Abingdon Health"), a leading UK rapid test developer and manufacturer, to acquire Concepta's lateral flow test manufacturing site in Doncaster, for the technical transfer of the manufacturing processes, the further development of Concepta's lateral flow devices, and for the continuing contract manufacturing and supply of myLotus® testing strips.
As part of the asset purchase agreement, Concepta will assign the leases on the facility and machinery, transfer the staff, and will sell residual manufacturing equipment to Abingdon Health. Under the agreement Concepta will receive a total cash consideration of approximately £0.3m. This cash will be applied to the Company's working capital requirements.
Whilst the Doncaster site will continue to supply myLotus® testing strips to Concepta, the additional capacity at the facility will support Abingdon as it spearheads the UK Rapid Testing Consortium (UK-RTC) in its programme to deliver a new COVID-19 antibody rapid test. The site will provide Abingdon Health with a fully certified facility to efficiently support the volume requirements of this essential national programme.
Mobile Streams 0.32p £1.56m (AIM:MOS)
MOS has signed a data sharing agreement with the National Emergencies Trust (NET) to provide data insight, intelligence and visualisation services to the UK charity responsible for the collection and distribution of funds in response to the Covid-19 (Coronavirus) pandemic. The Company's 'Streams' platform and services are helping to inform and assist the NET in a number of areas including assessing the impact and spread of the pandemic as well as identifying the sectors, industries and people most affected and in need of funding. The platform will also help in producing insight and intelligence to be used in NET's digital media strategy. This agreement is the first commercial agreement to be signed utilising the new 'Streams' data insight and intelligence platform licensed from Krunch.
Serabi Gold 69.5p £40.9m (AIM:SRB)
The Brazilian focused gold mining and development company, provided the results and a review of its first quarter operational and development activities in the Tapajos region of Para State, Northern Brazil.
3,674 ounces of gold produced in March 2020, the highest monthly level since the operation opened.
First quarter gold production of 9,020 ounces.
42,036 tonnes of ore mined during the quarter at 6.54 grams per tonne (“g/t”) of gold.
40,465 tonnes of run of mine (“ROM”) ore were processed through the plant from the combined Palito and Sao Chico orebodies, with an average grade of 6.66 g/t of gold.
2,878 metres of horizontal development completed during the quarter.
Ore sorter in full scale operation in March following completion of commissioning during the quarter.
Public hearing for the Coringa project held on 6 February 2020 with positive feedback. The Company is now awaiting submission of final recommendation to, and approval of, the State Environmental Council (“COEMA”) for the award of the Licencia Previa.
Nu-Oil and Gas SUSPENDED (AIM:NUOG)
The AIM Rule 15 cash shell, has signed Heads of Terms to acquire a European based plastics recycling and reprocessing business that has a well-established trading history. It is the intention of the potentially enlarged Company to act as a consolidation vehicle in the sector.
The Proposed Acquisition will constitute a reverse takeover transaction.
GCM Resources 16.5p £18.5m (AIM:GCM)
The mining and energy company, announces that, further to its announcement of 13 J January 20 20, it has agreed an extension of the memorandum of understanding with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. and Power Construction Corporation of China, Ltd., for a further six months, on the same terms as previously announced, in view of the current coronavirus disease pandemic .
Alien Metals 0.0925p £1.9m (LON:UFO)
Update on the Company's Donovan 2, copper-gold project. Further to the 11th February 2020 announcement, the Company has now received the final results of the IP survey.
- Excellent targets generated from IP survey coincident to previous geophysical and sampling results
- Two robust targets associated with previously outlined geological corridors identified
- Survey has defined 2 robust drill targets
o North zone prospect known as Cerro de la Cruz where ground magnetics, gravity and IP geophysics all returned coincident anomalies
o Central prospect known as Los Alomos where historical anomalous rock samples and the ground IP geophysics returned coincident anomalies.
- A drill program incorporating survey results is currently being processed
- Project is situated in a major mining province and lies within 24km of Teck Resources Limited San Nicolás VMS deposit hosting a Measured and Indicated Resource of 108.9Mt, with average grades of 1.16% Cu and 0.43g/t Au.
Cake Box 117.5p £47m (LON:CBOX)
Full Year Trading update. In the period to 8 March 2020, trading continued to be strong across the Group, with like-for-like sales growth of c.5.1% in franchise stores.
However, the Group saw a reduction in sales across its franchise stores as the COVID-19 crisis developed during the remainder of March 2020. Following updated UK Government advice on 23 March 2020, we decided to close all of our franchise stores as we looked to protect our staff, franchisees and customers and also to help relieve any further pressure on our NHS . As a result of this impact towards the end of our reporting period, total like-for-like franchise store sales growth for the full year to 31 March 2020 was c.2.0% (FY19: 6.5%).
All Franchise stores closed under lockdown and applying for support at Group and franchise level. Group cash burn lis modest and the balance sheet is strong.
Netscientific (AIM:NSCI) 4.1p £3.2m
Portfolio company PDS Biotechnology Corporation (Nasdaq: PDSB), clinical-stage immuno-oncology company developing multiple therapies, announced on 9th April 2020 the appointment of Dr. Ilian Iliev to its Board of Directors. Dr. Iliev is a Managing Director of EMV Capital, a London-based investor in B2B companies . Previously he founded CambridgeIP, a boutique consultancy focused on IP commercialization based out of Cambridge, UK and working with clients in healthcare, energy and other sectors. Dr. Iliev is a Board Member of NetScientific.
Fox Marble 1.9p £3.8m (AIM:FOX)
Contract awarded to supply up to 20,000 sq metres of paving to a local municipality for the town square in the town of Suhareka in Kosovo. Fox Marble has been selected to supply its material after a competitive tender process as is usual for local authority contracts.
This stone is to be supplied from Fox Marble's factory in Kosovo over the course of a year with the first 8,000 square metres to be delivered by September 2020. The stone will be processed from existing blocks of Grigio Argento, Flora and Alexandrian White already extracted and awaiting processing.
Material already specified and contracted under the first two stages of the project has a total value in excess of €400,000, and once all 20,000 square metres has been supplied is the project is expected to be worth in excess of €750,000.
As a result of the lockdown in place in Kosovo due to the Coronavirus, the supply of the material will be delayed until the local contractor installing the paving is allowed to resume work on this municipal project. However Fox Marble anticipates that work will resume on this project by the end of Q3 2020.
Jarvis Securities 413p £45m (AIM:JIM)
“Our disaster recovery planning has proved to be robust and we have been able to continue to offer a full service to both our retail and institutional clients. The majority of our staff are working remotely using the IT infrastructure we have in place. We have maintained a minimal staff presence in the office only where absolutely required and have been able to adhere to the government's recommended safe working practices. We are well set to continue to operate in this fashion for the foreseeable future. At the same time, we have seen an increase in trade volumes following the election result in December and the market volatility as a consequence of COVID 19; and believe the reduction in the Bank of England base rate should have a negligible effect on interest income. We look forward to providing a more detailed update in due course but remain optimistic for the future.”