It would appear that the CEO of Tern (TERN) is keen to lead from the front. The company focused on value creation from Internet of Things, and announced that on 23 August 2022, it had entered into a direct subscription with Albert Sisto, CEO, via the Albert E Sisto Revocable Trust, for a total of 200,000 shares at 9.9p. It will be interesting to see whether this news cools off the maniacally bearish coverage the company has attracted in the past. Possibly not.
Arrow Exploration (AXL) provided an operations update and announce the results of the 2022 mid-year reserve evaluation by Boury Energy Consultants Ltd. as at 30 June 2022. The company said corporate production as of August 15, 2022, was approximately 1,450 boe/d. Production from the RCE-2 well was approximately 540 bbls/d net (1,080 bbls/d gross) producing from the C7A and C7 stringer zones. Production from the RCS-1 well is approximately 190 bbls/d net (380 bbls/d gross) producing only from the new C7B zone at this time. In addition, organic growth opportunities for Arrow are advancing, with the RCE-3 and RCE-4 wells on the Tapir Block in Colombia expected to commence drilling in Q4 2022.
CleanTech Lithium (CTL), an exploration and development company, announced that it has entered into a Memorandum of Understanding with leading Direct Lithium Extraction company SunResin New Materials Co. Ltd, for the further development of the Company’s projects.
OptiBiotix Health (OPTI), a life sciences business, provided an unaudited trading update ahead of the Group’s half year results for the six months ended 30 June 2022. The company said it has invested in expanding its commercial and business development team in key strategic markets like the USA and Asia and as part of its drive to build its direct-to-consumer sales. It hopes to see the return on this investment later this year and more significantly in FY 2023.
Coro Energy (CORO), the South East Asian energy company, has entered into an option agreement with an existing operator in Italy to purchase the Italian Portfolio. The company said it was capitalising on recent energy market volatility, remains strategically focused on monetising both the Duyung PSC and its Italian cash flows whilst investing selectively in South East Asian renewables.
BATM Advanced Communications (BVC), a networking solutions and medical laboratory systems specialist, announced its interim results for the six months ended 30 June 2022. The company said during the first half of the year, the Group saw solid performance in both its divisions. In the Networking & Cyber division, there was increased growth primarily from the Cyber unit. As expected, the Bio-Medical division saw a reduction in revenue compared with the exceptional performance in the first half of last year due to the pandemic.
Gfinity (GFIN), an esports and gaming solutions provider, announced the launch of Athlos Game Technologies. Athlos provides its clients with a tournament-based platform that leverages the power of competitive gaming to deepen player engagement; to lower player churn; and to increase average revenue per user
GSTechnologies (GST), the fintech and information technology solutions company, has now completed the acquisition of the whole of the issued share capital of UAB Glindala, a holder of a Crypto Currency Exchange Licence registered in Lithuania.
Cornish Metals (CUSN), focused on advancing mineral rights in Cornwall, reported the remaining assay results from the Phase 1 drill programme at United Downs. The company said results from the United Downs drill programme confirm the potential to develop a Mineral Resource, especially the down dip section of the United Mine where we encountered high-grade copper, tin, and silver. The company is now considering the next steps for United Downs.
Deltic Energy (DELT), the AIM-quoted natural resources investing company, announced its interim results for the six months ended 30 June 2022. The company said it has seen considerable progress made across its business, with key developments involving our Pensacola and Selene Prospects, which contain over 600 BCF (P50 Prospective Resources) of natural gas, as well as progressing the licences which formed part of our transformational farmout and partnership with Capricorn Energy.
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