For some investors it’s been an amazing week as they’ve watched their portfolio light up in blue.
We also published the videos from Share Talks Investor Event at the NEX Exchange, throwing the spotlight on Regency Mines Plc (AIM:RGM), WideCells Group Plc (AIM:WDC), VAST Resources Plc (AIM:VAST) and Connemara Mining Company Plc (AIM:CON). So grab your popcorn and while you watch their presentations and see what else occurred during the week.
Cora Gold Ltd (AIM:CORA)
A new resource company joined AIM on Monday. Cora Gold Limited raised £3.45 million to develop a portfolio of gold projects focused on two highly productive gold belts in Mali and Senegal in West Africa where historical exploration expenditure totaling US$10 million has uncovered multiple gold targets with drill intercepts. Interesting to note that Hummingbird remain large investors and an institute investor, City Finance, has come on board with the IPO.
N4 Pharma PLC (AIM:N4P)
N4 Pharma Plc announced a new Patent Application in respect of its proposed reformulation of sildenafil. Seeing as the company reformulates existing drugs and vaccines to improve their performance, it should come as no surprise that the reformulation of sildenafil would see a faster acting and longer lasting version of current market leader Viagra. This could make investors happy both in and out the bedroom! An added bonus is that, unlike Viagra, the new formulation can be taken with or without food so won’t interfere with your last orders at the kebab shop on a Saturday night.
Thor Mining Plc (AIM, ASX: THR)
Two words you probably don’t want to see in a headline together are “Pilot” and “Mountain”. Unless you are Thor Mining of course who announced their recent drilling success at the Company’s wholly owned Pilot Mountain tungsten project in Nevada, USA. Mick Billing, Executive Chairman goes on to say he is pleased what are for the Thor Mining board and operational team, exciting drill assay results from both Desert Scheelite and Good Hope.”
It seems they are keeping busy out there in Nevada and it’s not because of the state’s gambling laws!
Reabold Resources (AIM:RBD)
Alongside all the rumors that are currently surrounding this company which has seen a good rise this week, they held a General Meeting on Thursday where they passed all their resolutions. Having raised a large amount of cash, early investors have jumped on board to see what they plan to do with it. An asset or two? Who knows! What we do know is that the recent placing was over subscribed so it will be interesting to see if they deliver.
Angus Energy PLC (AIM:ANGS)
If Angus Energy were a Project Manager they’d do well at their performance review as the managed to keep to budget and timescales with the Lidsay-X2 well. They announced they had completed their drilling and the well will be put into production as soon as the rig has been de-mobilised.
Interestingly to note, towards the end of the horizontal section of the Great Oolite reservoir, initial analysis by the Company showed an unexpected change in the lithology of the well. The lithological change indicates a potential extension, continuing to the west of the original reservoir. This entirely new and separate section of the Great Oolite reservoir would be at original conditions as it has never been produced.
Those with good memories will know that Angus drilled the “Gatwick Gusher” with UKOG a while back so they’ll be adding these findings to their notes they made there.
#TheBizLounge by Mark Johnson: Taking the stress out of stocks
Thought of the week
With so many voices out there professing to know all about the next ‘bagger’ or which shares are going to tank, remember to do your own research. The AIM market is a nasty beast at times, taking the money of those who followed blindly. I think it’s fitting the quote from Clifton Hill is the thought of the week.
“When everyone thinks something is true, it does not make it anything more than effective marketing.”
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