With gold hitting nearly $2,000 per ounce a team of geologists are on a massive treasure hunt to find enough of it under Snowdonia to start commercial mining.
Alba Mineral Resources snapped up a 90% stake in Gold Mines of Wales Limited in 2018 with the intention of stepping up operations to locate and mine the precious mineral in the Dolgellau Gold Belt.
@AlbaMinerals With #gold hitting nearly $2,000 per ounce a team of geologists are on a massive treasure hunt to find enough of it under #Snowdonia to start commercial mining #ALBA Read more https://t.co/PFAvRMAVFg https://t.co/ovZ9xzUT3G pic.twitter.com/FN4ZwYoGGF
— Share_Talk ™ (@Share_Talk) February 12, 2022
It has been a difficult couple of years for Live Company Group PLC (AIM: LVCG) but things seem to be improving. After the announcement that tickets for KPop.Flex’s festival in Frankfurt on May 14th was sold out, shares rose by over a quarter.
K-Pop Europa (KPE), which is a 50% subsidiary of Live Company, has entered into a joint venture agreement for the event. It will be a focus on Korean pop music. KPE will make revenue from various streams including 40% of all sponsorship revenue and 100% of the event-related net merchandising revenue. KPE also owns 75% of the event’s merchandising rights and 100% of broadcast and streaming right.
Sometimes, acquisitions are more important in business than those you make. This could be true with Tavistock Investments PLC’s (AIM: TAVI) failed purchase of Morgan Financial Group Holdings. Tavistock had announced last month that it would pay approximately £3.7mln to the independent financial advisory firm, but the company announced on Thursday that the deal has been cancelled. The shares ended the week 23% higher.
Sector peer Empire Metals Limited received an extremely positive reaction to its decision not to pursue its option on Central Menzies Gold Project but to concentrate on advanced exploration opportunities at the Eclipse and Gindalbie Western Australian projects.
After the announcement of what Aussies don’t refer to as “a Brucie Bonus”, the shares shot up 39% after the company offered favourable exchanges, which will allow the company to conduct additional exploration activities at a lower cost than originally planned.
It’s not a remake, but rather the title of Premier African Minerals Limited‘s news release that caused a surge in share prices.
Shares rose 65% to 0.3775p this week – they were trading at 0.05p one year ago after the company announced encouraging drilling results from their Zulu Lithium and Tantalum projects.
Investors were told by the company that the geological model suggests additional extensions to the northwest from the previously announced resource statement.
Insig AI PLC (AIM: INSG) a machine learning specialist who was listed on AIM less than a year ago, saw 38% of its shares rise after the announcement that the company was included on the PwC Scale finTech programme.
This programme will allow clients and PwC to access new commercial opportunities. Insig AI was selected from over 700 applicants after a rigorous selection process
SpaceandPeople (AIM: SAL) a specialist in retail, promotional, and brand experience, saw its stock rise 49% following the announcement that trading had continued to recover and that the board is becoming more confident about the future.
Joules Group PLC, (AIM: JOUL) a clothing, accessories, and homeware retailer, saw its stock plummet by more than 40% last week after it released a trading statement. It also reduced its full-year profit guidance. It has now recovered some ground following its half-year results. Profits rose from £1.3mln up to £2.6mln, but it was below expectations.
It blamed rising costs, supply chain issues, Brexit-related duties, taxes, which hit its EU business, as well as labour shortages.
The shares rose 37% this week, almost back to the level they were before the profit warning.
ADVFN PLC, (AIM: AFN) a financial information provider, saw its shares drop around one-sixth in value after the company removed the “for sale” sign. After some intensive stake-building by Israeli investors, the company has completed its strategic review and is now out of an offer period.
The board concluded that the company should use all available opportunities to expand its business offerings and geographic reach, including joint venture agreements or acquisitions.
It is still considering a request by Yair Tauman (a significant stakeholder), to convene a general assembly to discuss proposed changes to the board.
Omega Diagnostics Group PLC (AIM: ODX) was Friday’s biggest loser after it announced that it would sell its diagnostic kit manufacturing business in Scotland and announce a discount placing. Following its growth during the pandemic, the Alva manufacturing arm was sold in the hope of winning a large Covid kit contract from the UK Department of Health and Social Care.
Omega stated that the contract was not able to be continued after the DHSC cancelled it. There was no demand for the product and a low manufacturing cost base in Alva. It was not sustainable. This week, the shares fell nearly half their value to 5.625p. This is a drastic fall from October 2020’s highs of 107p.
