BATM Advanced Communications Limited (LON:BVC) has said its test kit for coronavirus (COVID-19) is effective at diagnosing a new variant of the virus that is rapidly spreading in the UK and elsewhere. The networking and medical laboratory solutions firm said that it continually tests its kits against any mutations of the virus that are perceived to be clinically material to ensure they are accurately able to detect all known variants of COVID-19. BATM added that the kits also have 4+1 gene discovery capability compared with a market standard of one to three gene discovery, which enables it to provide more accurate results and reduce the risk of false positives and false negatives.
Asiamet Resources Limited (LON:ARS) said it has signed an agreement to sell its subsidiary Indokal, the owner of the BKM copper project in Indonesia, to private company PT Wasesa Indo Nusa (PT WIN) for US$163.4mln. The AIM-listed firm said it will receive US$10mln of the sale price in cash from PT WIN once the sale and purchase agreement has been executed, with a further US$40mln to be paid one PT WIN completes an initial public offering (IPO) on the Indonesian Stock Exchange, planned for early 2021. The rest of the acquisition price will be paid through a 22.5% shareholding in PT WIN following its listing.
[email protected] Capital PLC (LON:SYME), the fintech platform which provides inventory monetisation services to manufacturing and trading companies, said it has expanded its shareholder base. Five professional investors have acquired a combined 12.2% stake. Their interest followed the completion of transactions aimed at simplifying the company’s ownership structure.
IXICO PLC (LON:IXI), the AI data analytics company focused on neuroscience, has landed a four-and-a-half-year contract worth GBP3.4mln. It is with an existing client working on a trial of a drug for the rare neurodegenerative condition Spinocerebellar Ataxia type 3 (SCA3), also known as Machado-Joseph disease. Currently, there is no treatment to slow down or reverse the progressive course of this terminal condition.
Shares in Remote Monitored Systems PLC (LON:RMS) moved higher on Christmas Eve as shareholder and consultant Gareth Cave said talks were planned to resolve their differences. Cave, the founder of RMS subsidiary Pharm2Farm (P2F), had intended to call a general meeting over concerns about a GBP5mln fundraise announced last week by RMS and an accompanying warrant issue. A virtual meeting today will address the issues highlighted by Cave, who has a near 18% stake in RMS.
Braveheart Investment Group PLC (LON:BRH) has noted the recent increase in the company’s share price and advised shareholders that it knows of no reason for such rise. On December 18, 2020, the company provided an update on the progress of its investee company, Paraytec Limited, via a Reach announcement, an investor communication service which assists AIM-quoted companies, among others, to distribute non-regulatory non-material news releases into the public domain. Braveheart does not expect to be able to report any further progress until the results of the live tests, to be carried out in mid-January 2021 are known, which is expected to be in late January 2021. There is no certainty that these test results will be successful, it added, and a further update will be made at that time.
Falcon Oil & Gas Ltd (LON:FOG) has said nitrogen lift operations should start in the next few days at its Kyalla 117 N2-1H ST2 well in the Betaloo basin of the Northern Territory in Australia. The owners of the Betaloo licence decided earlier this month to execute operations without delay to re-enter Kyalla 117 with coiled tubing and apply nitrogen lift to lower the pressure in the wellbore and to assist with achieving and sustaining gas breakthrough. If successful, the operation will allow extended production testing to confirm at the well.
Galileo Resources PLC (LON:GLR), the exploration and development mining company, has said it is better placed after an “operationally difficult but extremely positive” year. In the group’s results statement covering the year to the end of March 2020, Galileo executive chairman Colin Bird reassured shareholders that none of the company’s assets were adversely affected by the coronavirus (COVID-19) outbreak, which picked up pace after the end of the reporting period. “Whilst director and senior management visits were very restricted, the company managed to progress all of its obligations and maintain its rights during the period and up to the time of writing this report,” Bird said.
Cobra Resources PLC (LON:COBR), the gold exploration and mining company focused on the Wudinna Gold Project in South Australia, has announced significant gold intercepts at the Baggy Green deposit. The company noted that the Baggy Green JORC resource is currently estimated at 94,000 ounces and occurs as two deposits. It said 13 holes were drilled to the north and south of, and in between, the existing JORC resource zones, with a further six exploration holes targeting new mineralisation.
MetalNRG PLC (LON:MNRG) has updated investors regarding the planned acquisition of Lake Victoria Gold (LVG) announced in October. LVG is the operator of the Imwelo Project in Tanzania which has a total resource of 4.37mln tonnes at 1.92 grammes per tonne based on resource drilling completed in 2016, and a mineral resource estimate in 2017 for a total of 291,600 ounces. The group said the counterparty to LVG for the option agreement has died and the family members who inherited the option agreement have been contacted and negotiations are underway to agree on similar terms, however this will take some time, MetalNRG added. As a result, both parties have agreed to remove all reference to the mineral resources associated with PM 2637 from the proposed transaction, this amounts to a 90,000 ounces reduction in contained gold and enter into a variation agreement to the Bid Implementation agreement that was signed on October 19, 2020
Emmerson PLC (LON:EML) said it has appointed its chief executive Graham Clarke to its board as a director of the company with effect from December 22, 2020. The potash development firm noted that Clarke is “a highly experienced fertiliser industry executive with 26 years’ experience in underground potash mining”, with experience in managing all technical disciplines, due diligence processes and stakeholder engagement.
Trident Royalties PLC (LON:TRR) said it has been notified that Al Gourley, a director of the company, on December 24, 2020, purchased 1,000,000 Trident ordinary shares of GBP0.01 par value at a price of 33p each. Following this share purchase, Gourley is interested in 5,000,000 Trident ordinary shares representing 4.75% of the company’s voting rights.
Vast Resources PLC (LON:VAST), the AIM-listed mining company, announces that holders of warrants issued under the open offer completed on August 1, 2016, have elected to exercise 12,212 open offer warrants. Each open offer warrant entitles the holder to one ordinary share of 0.1p each in the company at a price of 0.5p per ordinary share. Notice of exercise of the warrants was received by the company on December 23, 2020, and, accordingly, it has today issued 12,212 new ordinary shares. The company said it has received GBP61.06 as a result of the warrants exercise.
Strategic Minerals PLC (LON:SML) (OTCMKTS:SMCDY), a producing mineral company announced that it has been informed that Peter Wale, an executive director of the company, on Wednesday sold 3,875,000 Strategic Minerals ordinary shares of 0.1 pence each and purchased 3,875,000 ordinary shares through his personal Individual Savings Account (ISA). Following the dealings, the group noted that Wale’s beneficial interest in the company is 76,767,266 ordinary shares representing 4.02% of the issued ordinary share capital.
88 Energy Limited (LON:88E) confirmed that at its general meeting held on the December 24, 2020, resolutions 1 to 8 were duly carried. Further information on the resolutions proposed at the meeting and the voting results can be viewed via the following link: http://www.rns-pdf.londonstockexchange.com/rns/8654J_1-2020-12-24.pdf
Mineral & Financial Investments Limited (LON:MAFL)), the AIM-quoted resources investment company, has confirmed it will hold its annual general meeting (AGM) at 11.00am on January 21, 2021, at Censeo House, 6 St Peter’s Street, St Albans, Herts. AL1 3LF. Given the current situation in relation to coronavirus (COVID-19), this year’s AGM format will be a closed meeting and purely procedural in format. In addition, all resolutions will be taken on a poll (with votes cast by proxy)., and there will be no presentations or Q&A and no refreshments will be provided. Shareholders should therefore not attend the AGM in person this year and are encouraged to appoint the chairman of the meeting as their proxy rather than a named person who will not be permitted to attend the meeting.