Shareholders of Open Orphan (ORPH) have something to look for as it said that data from the first-in-human Phase I clinical study evaluating the safety, immunogenicity, and in vitro efficacy of AGS-v PLUS, Imutex Limited’s mosquito saliva vaccine candidate will be presented on the 20th and 21st of November 2021.
By Zak Mir
Imutex Limited is a joint venture with PepTcell Limited in which Open Orphan has a 49% shareholding. The results will be presented in two virtual sessions at the American Society of Tropical Medicine and Hygiene Annual Meeting, held from 17-21 November 2021.
Wishbone Gold (WSBN) announced that preparation for drilling at Red Setter has commenced and independent consultants have reported that the geochemistry programme recently conducted, although only 60% completed to date, has defined 4 new high priority target zones for follow up drilling. The company said that this work extends and enhances the previous magnetic survey and that the similarity of the results to known deposits in the region is very encouraging and enables more detailed targeting of its drilling programme.
Greatland Gold (GGP), a mining development and exploration company, announced the “successful” completion of the Fundraise announced yesterday – something which may have taken some investors by surprise. The company said, “Following strong demand in the bookbuild, the total gross proceeds from the Fundraise has increased from the minimum amount of approximately $10 million to approximately $16 million (GBP11.9 million). New shares have been placed at 14.5p a 10% discount to the then prevailing share price.
There was perhaps a better news for shareholders of President Energy (PPC) from their company in terms of cash going their way. The energy company with a diverse portfolio of energy assets announces the posting of a letter to shareholders regarding the proposed dividend in specie of the shares it holds in Atome Energy PLC and also including important information as to how shareholders can apply for further shares in Atome in relation to its contemplated admission to AIM of the London Stock Exchange later this year.
IronRidge Resources (IRR), the African focussed minerals exploration company, announced that the Cape Coast application has been granted as an exploration license. The newly granted license is adjacent to the Mankessim exploration license which hosts the Ewoyaa Lithium Project, where the company has defined an initial JORC 2012 compliant mineral resource estimate of 14.5Mt at 1.31% Li(2) O in the inferred and indicated category, including 4.5Mt at 1.39% Li(2) O in the indicated category in Ghana, West Africa.
Westminster (WSG), the specialist security and services group and erstwhile recovery play, said it notes recent press speculation with regards to a potential airport contract in the Central African Republic, and also provides the following trading statement. It said that in the normal course of business, it does not comment on contracts until they have been signed. However, the company confirms that it is in discussions relating to a managed services contract, although there is no certainty as to whether these will result in a contract or to the timing thereof.
Seraphim Space Investment Trust (SSIT), the world’s first listed SpaceTech fund, announced its first quarter results for the three-month period ending 30 September 2021. The company said that in the few short months since SSIT’s IPO, barely a day has passed without the Space sector being front page news. While Sir Richard Branson and Jeff Bezos, were mentioned by the company, alas William Shatner was not.
Mode Global Holdings (MODE), the LSE-listed Fintech Group, said it notes press commentary following its 18 November 2021 announcement of its new standalone affiliate product. The company reaffirmed that it will launch its standalone affiliate product in Q2 2022, which will see Mode customers receiving Bitcoin Cashback from participating online retailers in the UK. Currently, over 40 online retailers have accepted Mode onto their affiliate programmes. It would appear that the stone throwing in the financial media has stemmed from some who do not fully understand how an affiliate programme works. This episode also underlines the slings and arrows that UK tech companies have to face as compared to their US counterparts, and why tech companies there have thus been able to create massive wealth as compared to this country. Shares of Mode have nevertheless recovered from 31p to 40p in recent days as users of its Bitcoin app continue to grow.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
