Medium-sized African gold miners are still a favourite theme for broker Liberum with Caledonia and Shanta as two of its top picks.
Caledonia Mining celebrated yet another quarterly production record in its third quarter and believes annual 2022 at the Blanket mine in Zimbabwe will be at the top end of its guidance range of 73-80,000 ounces.
Quantum Blockchain Technologies PLC (AIM:QBT) said it has appointed Mark Trafeli as a non-executive director (NED) with immediate effect.
A lawyer, qualified in England and Wales, California and New York, Trafeli has “extensive expertise” in regulation, compliance and corporate governance, the AIM-quoted blockchain company said.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has announced the appointment of Douglas Wright as an additional non-executive director to its board.
Prior to joining Tirupati, Wright served as the chairman of Kavango Resources, an LSE-listed mineral exploration company with operations in Southern Africa. The company noted that Wright has over 30 years' experience of working in the City, including as a partner at City & Westminster Corporate Finance. He is an existing shareholder in Tirupati, owning 1,000,000 shares.
Plexus Holdings PLC (AIM:POS) said it has made “several pivotal decisions” to improve profitability, including re-entering the jack-up rigs exploration rental wellhead market as the oil & gas industry sees demand back with a bang, as it posted larger full-year losses.
Last month the maker of the POS-GRIP wellhead engineering technology raised £1.55mln through the issue of convertible loan notes to provide working capital and fund activities as it seeks to capitalise on what it said is an “increasing pipeline of opportunities within its target markets”.
Quadrise Fuels International PLC (AIM:QFI, OTC:QDRSF) (QFI) has told shareholders ahead of the company's Annual General Meeting (AGM) which commences on Friday, November 24, 2022, at 12.00pm, that it expects to achieve commercial revenues in its current financial year.
The supplier of innovative energy solutions noted that throughout its financial year ended 30 June 2022 and since the period end, it has seen material progress across its portfolio of international projects, and that commercial revenues will be achieved with the advancement of these projects.