There was a late Christmas present for shareholders of Russia focused PGM producer Eurasia Mining (EUA), as the company adopted a dividend policy. Rather tantalisingly, this is set to be at least 80% of net adjusted income. It will be interesting to see how the market reacts to this move, as it will give the £700m market cap company even more of a blue chip demeanour.
By Zak Mir
DeepVerge (DVRG.L), said that its environmental division, Modern Water, has completed installation of Microtox® Continuous Toxicity Monitor permanent units and Microtox® FX portable laboratory units in Beijing, China, ahead of the athletes arriving at the 2022 Winter Olympics Village. The company said that once again, water suppliers to the Olympic Games have placed their trust in the hands of Modern Water. The company’s Microtox® toxicity testing has been used at every Olympics competition since Los Angeles 1984, apart from last year’s Tokyo Olympics because of travel restrictions.
The first IPO of the year has turned up in the form of Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels. HUI is a licensee of Powerhouse Energy Group (PHE) and trading begins on Aquis this morning. The company has raised £3m at 7.5p through broker Novum Securities.
MGC Pharmaceuticals (MXC) a European based bio-pharma company said that it has received an import approval permit for the importation of ArtemiC™ Rescue into India. ArtemiCTM Rescue is MGC Pharma’s proprietary nutraceutical, and part of its ArtemiCTM range of products which has been proven in a Phase II Clinical Trial to help alleviate symptoms associated with COVID-19.
Red Rock Resources (RRR), the natural resource development company, announced an update on its activities in the Democratic Republic of Congo. The company said it awaits the final interpretation and analysis of the recently received drill results from our promising copper-cobalt project near Lubumbashi. On the legal side with the VUP joint venture, it has received further vindication of its position in the Payment Order from the Court.
It would be interesting to know if investors in AdvancedAdvT (ADVT) were expecting to be buying into an advertising agency, but it would seem that they are if one digs through the typical RNS doublespeak that we get these days thanks to lawyers and regulators. M&C Saatchi has said, “No proposal has been received but the Board has been told to expect one in the near term. Accordingly, there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made.” This is the type of language that Yes Minister’s Sir Humphrey Appleby would no doubt approve of. Vin Murria is both a director of Saatchi and the Executive Chairperson of AdvancedAdvT Limited, so everything is kept in the family – so to speak.
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