Bluerock Diamonds PLC (AIM:BRD). Up 34% at 39.5p, was the top performer in London on Monday after a production update.
The AIM-listed diamond producer, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, produced 6,866 carats in the final quarter of 2021, up from 4,781 carats a year earlier.
It sold 6,980 carats, up from 6,807 a year earlier, at an average price of US$431 per carat (2020: US$263).
2.35pm: Helium Global on the rise
Helium Global One Ltd saw its share price inflate by 11% to 9.98p after it said a multispectral satellite spectroscopy study had identified multiple additional surface helium anomalies at the Rukwa, Eyasi and Balangida project areas.
The study indicated widespread charge and migration and provided additional data to assist in the exploration and prioritisation of future drilling prospects, the company said.
"The occurrence of a large helium anomaly across the Tai structure, where multiple helium encounters have already been demonstrated from basement to near surface, provides further evidence of a working helium system at one of our priority drill targets; however, it is the occurrence of multiple analogous anomalies across all three basins that excites the team about how widespread and prolific this system may be,” said David Minchin, the company’s chief executive officer.
1.40pm: Leeds Group falls as it warns Covid uncertainty is still affecting its business
Leeds Group PLC (AIM:LDSG) tumbled 12% to 18.5p after its half-year results underwhelmed.
The wholesaler and retailer of fabrics and haberdashery said the ongoing Covid-19 pandemic continues to affect the group’s trading activities.
The short-term business outlook remains difficult to predict because of the prolonged nature of the pandemic with new variants continuing to emerge, Leeds’s chairman, Jan Holmstrom, said.
“In the medium term we assume that increased immunity amongst the population will enable a return to more normal trading levels and profitability,” he added.
12.45pm: Not the end of the pier (group)
Brighton Pier Group PLC (AIM:PIER) shares rose 10% to 7.5p after it said it expects sales in the second half of last year will be up 177% year-on-year.
The diversified UK entertainment business said that even compared to the same (pre-pandemic) period two years ago, total sales were up by 31%.
Strong cash flow generation is expected to enable the group to pay down £7.7 million of debt, reducing borrowings 38 % by the end of June 2022.
11.50am: Access Intelligence plunges as it warns on revenues
Access Intelligence Group (AIM:ACC) PLC lost almost a quarter of its value after it cut revenue expectations.
The software-as-a-service company, which acquired media monitoring company Isentia in October of last year, said the impact of COVID-19 has been more severe and longer lasting than anticipated, particularly in Isentia's key markets of Singapore, Malaysia and Indonesia. This has been exacerbated by Omicron which has seen countries in the region bring in further restrictive measures.
The current challenges in South East Asia will affect the pace of overall growth and result in underlying earnings (EBITDA) being affected in 2022 and 2023, management warned.
10.55am: Goldstone glistens after second gold pour at Homase mine
Goldstone Resources PLC traded 6.3% higher at 10.36p after it completed its second gold pour at the Homase mine in Ghana.
The first pour on 30 November 2021 yielded about 14.46 kilos of gold doré, and the second pour just completed has yielded 28.50 kilos of gold doré.
These first two pours have been exported to the company's off-taker in Switzerland, resulting in refined gold bullion of 40.67 kilos and 1.71 kilos of refined silver bullion.
10.00am: CentralNic in strong finish to 2021
CentralNic Group PLC (AIM:CNIC) advanced 8.5% at 140.5p after it told investors that organic growth further accelerated during the fourth quarter of 2021.
The company highlighted year-on-year organic revenue growth of 37% for the twelve months ended December 31.
It said it expects to report US$410mln of revenue for the year with earnings (adjusted EBITDA) expected at US$45mln – which would be some 5% ahead of consensus, it added. Such a result represents a 70% and 47% gain respectively compared to 2020’s results.
10.00am: Reabold rallies on well test results analysis
Reabold Resources (AIM:RBD) PLC, which lost four-fifths of its value in 2021, shot up 23% to 0.22p on Monday after an update from the West Newton well.
Analysis by an independent consultant on the extended well test (EWT) at West Newton in Yorkshire concluded that the Kirkham Abbey reservoir is likely to deliver substantially higher production rates from horizontal wells compared to vertical wells.
The report also concluded that most of the acid stimulation carried out during the EWT only interacted with a small section of the perforated intervals due to the permeability contrast across the Kirkham Abbey formation in both wells. This suggests that potential flow rates from wells in the Kirkham Abbey reservoir would benefit from an optimised acid stimulation programme that includes active diversion techniques.
WAG. Payments Solutions PLC, otherwise known as Eurowag, jumped 13% to 103p in early deals on the back of a reassuring trading update.
The pan-European integrated payments & mobility platform, described as “Uber for lorry drivers”, said trading remained strong in the fourth quarter of 2021.
The company, which floated in October at 150p, said it is delivering growth in line with guidance issued at the time of its flotation.