We recommended shares in provider of software and services to the publishing industry Ingenta (ING) as our September tip of the month at a 93p offer price. They have now reached a 130p bid price.
Ariana Resources (AAU) has announced “a tremendous enhancement for Tavsan, as construction continues on site” as this project is further progressed as a second 23.5% interest gold mining operation here.
Shanta Gold (SHG) has recently announced that “after further engagement and having taken advice from its financial advisors, the board has concluded that there is no merit in continuing discussions with Shandong and Chaarat, which both parties have accepted”. That ended current bid talks and sees the shares currently down to a 10.5p offer price. However, the company added that it is now “focused on optimising and growing its quality portfolio to continue to deliver long-term sustainable returns for shareholders with a number of value catalysts in train for 2023”. We consider that they can re-spark these shares back to the 16p+ of last year.
Jubilee Metals (JLP) has noted “key milestones achieved in its southern copper and cobalt operations in Zambia” and that, with these, for its prospective northern operations it “expects to receive the final recommendation on capacities from its design teams by mid-January 2023… look forward to updating shareholders in this regard”. So what are the milestones and how significant are they?
Managed IT services, cyber security and cloud hosting company SysGroup (SYS) has announced results for its half-year ended 30th September 2022 and that “trading for the second half has continued with positive momentum and the board is therefore confident in meeting its full year expectations”. So what’s the detail here?
Bluebird Merchant Ventures (BMV) has issued an update after a management trip to South Korea and having also further progressed local partner negotiations in the Philippines.
Agricultural supplies group Wynnstay (WYN) has announced an acquisition for an initial £1.4 million and up to £1.5 million, which it emphasises fulfills “multiple” criteria.
Kefi Gold & Copper (KEFI) states that it “is pleased to announce that the updated US$320 million Tulu Kapi gold project costings and finance plan has now been agreed by all the Tulu Kapi syndicate lead contractors, investors and lenders. It is currently being processed for final reviews and entry into definitive documentation to be signed as soon as possible, with the expectation to achieve this next month”. Is this though what was expected at this point?