A round up of today’s AIM listed movers
is up 38% after announcing the introduction of a new protein identification technology. It’s MiD® ProteinID is a “break-through mass identification technique”, and “transformational” for process analytics. Glenn Tracey, CEO of Microsaic, said, "Bringing the power of the centralised laboratory to in-situ bioprocessing line measurements, the Microsaic MiD® ProteinID reduces key bioprocessing analyses from days to minutes.” He added that it allows operators to accelerate the time-to-market for new biologics development.
is up 37% following the announcement it amended its loan facility with Cuart Investments Fund and associates. The technology company focused on solutions for waste gasification to energy projects, has ammnded the loan to allow the company to focus on delivering projects in the pipeline. Ian Price, CEO of EQTEC plc, commented: "EQTEC currently finds itself presented with significant contract opportunities which we wish to capitalise on. This amendment to the Loan Facility will allow the Company to pursue our goal of generating revenue both through the execution of new and existing contracts ranging from €10m to €100m.”
is up 22% following the recent release of its Net Asset Value for the previous year as of 31 December 2018. The specialist mining and resources investment business reported a net asset value of £2.12 million, a significant discount to it’s current market capitalisation of 1.48m. It specialises in selecting compelling opportunities early in the investment cycle.
is up 8% following the release of a trading update. The company operates and owns the Asacha Gold Mine in Far East Russia. It revealed that FY18 gold production was “expected to be exceeded”, reporting improved gold grades. It expects to exceed the upper end of full year production for 2018, and reported substantially reduced power costs in 2019 for electricity supply.
is down almost 30% following the release of a Christmas trading update. The fashion brand, specialising in occasion wear and dressy casual wear stated that it anticipates revenues for FY 2019 will be lower than current market expectations at £133m. It also revealed higher than anticipated discounting to clear inventory, which the company said is expected to reduce gross margins to 60.5%, compared to 62% in the previous year. However the group increased online revenues by 34.1% and standalone stores revenues increased by 1.6%.
On today's podcast: W Resources provide an update on progress at La Parrilla, its tungsten-tin mine in Spain. Emmerson completes the Environmental Baseline Study at their potash project. Malcy talks about: Eco Atlantic O&G, Range Res, Bahamas Petroleum & Hurricane Energy. John Stepek author of Sceptical Investor.
SP Angel daily look at commodities and miners, featuring: Bluebird Merchant Ventures* (BMV LN) – Funding raised to complete pre-construction phase for Gubong gold mine Cora Gold* (CORA LN) – Sanankoro oxides demonstrate up to 97% gold recoveries Chaarat Gold* (CGH LN) – Joint venture to build gold mine in Kyrgyzstan Strategic Minerals* (SML LN) – Moving to 100% ownership of Redmoor
John Peters, Managing Director of Strategic Minerals, commented: "The recent resource upgrade has highlighted the potential world class nature of the Redmoor Tin/Tungsten project and has given the Board confidence to consolidate control.”
Five financial stories, trending today in a 70 second podcast, including: Accrording to the the British Chambers of Commerce, UK companies look set to cut investment by the most in 10 years in 2019 because of Brexit, even if Prime Minister Theresa May gets a deal to ease the country out of the bloc.