It may be that the slow burn recovery of both share price and sentiment that we have been seeing at Canadian Overseas Petroleum (COPL) is also being seen at Rambler Metals and Mining (RMM).
By Zak Mir
This is said in the wake of recent interviews by the company setting the stage for the next moves in terms of debt financing. At the end of last month, Rambler said that this is expected to close by September 30. It may be that some in the market are looking to a positive conclusion to this particular journey.
While Vela Technologies (VELA) did see a decent temporary share price rise in the wake of the positive final data from the ARCADIA Phase II clinical trial earlier this month, it was clear that there was something weighing down the stock. Ordinarily, it would have been expected that the shares would have gone up and stayed up. Bulls of Vela though, may have a second bite of the cherry following the revelation that the company’s joint broker, Peterhouse Capital, has placed the entirety of St. George Street Capital’s 1,100,000,000 shares with a range of new and existing investors.
One of the delights of the small cap space is when a stock which has hitherto been in the waiting room as far as investor engagement, finally clears the log jam of belief. This has been the case in recent days as far as Mobile Streams (MOS). This week the AIM quoted mobile content and data intelligence company announced an update on progress made by Quanta Media Group Holdings and provision of further funding by MOS to Quanta. The news followed news of significant progress for Mobile Streams in Mexico, a launch in Argentina to come next month, and moves in the Netherlands. Shares of MOS are up another 17% to 0.44p.
There may have been some scratching of heads by the bulls in the wake of apparently positive news that Africa and UK focused energy group Kibo (KIBO) has signed heads of terms with gasification solutions company EQTEC (EQT) to acquire a 54.54% interest in the proposed 25 megawatt electric Billingham waste gasification and power plant at Haverton Hill, Teesside in the UK. Kibo’s initial funding contribution will be £3m.The project is already at advanced stages of development. Shares of EQTEC were down 6% and Kibo only up marginally.
The stock market always likes the slings and arrows of a bid story, and one of the more intriguing of the recent past concerned All Active Asset Capital (AAA) bidding for podcaster Audioboom (BOOM). Perhaps understandably given the way that AAA’s shares are currently suspended, BOOM was unable to give the proposed takeover the nod. However, it is apparent that since the mooted deal was shot down, shares of Audioboom have perked up just as strongly as they did when AAA first stuck its neck over the parapet. More spice has been added for some by the revelation that Roger Maddock, a non-executive director of the BOOM, purchased 3,500 ordinary shares in the company at a price of 945 pence per ordinary share. In theory, if there was a counter bid in the offing there would not be director buying, but fans of BOOM seem happy to ignore such details on the basis that following the AAA move the shares are regarded as being “in play.”
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