Shares of Russia focused nickel sulphide play, Amur Minerals (AMC) edged up a couple of percent late in the session, in the wake of the latest ShareTalk interview with President and advisor to the board, Adam Habib. In it he reiterated the ability of the new investment in Nathan River Resources to not only help secure the funding for the flagship Kun Manie project, but also as a solid deal in its own right.
Staying in Russia, and it was a solid day for palladium group Eurasia Mining (EUA) with the stock rising 13%, the day after the interim results were posted. While the company admitted that it was limited in what it could say in its latest report, the very fact that it had to gag itself seemed to be a spur to fresh buying in the shares, as it gave the impression that possible news regarding the sale process of the company was all the more imminent.
Shares of Anglesey Mining (AYM) were up 55% as traders gushed regarding the company’s Parys Mountain copper, zinc, lead, gold and silver project, not surprisingly based in Anglesey. The immediate driver for the excitement was the announcement from the group of a preliminary economic assessment in progress. This follows on from recent technical studies which pointed to up to 10 million tonnes of potentially mineable material, as opposed to 2.1 million tonnes which was suggested in a 2017 study.
There was an understandable flurry higher for Attis Oil & Gas (AOGL), as the stock jumped 16% off recent lows. The attraction here was the suggestion that the company makes for one of the best reverse takeover vehicles on the London stock market. This comes in the wake of 2020 to date being one of the better periods for RTOs. Given the description of Attis as one of the cheapest and cleanest shells on the market, with a modest market cap, no debt and retained tax losses, it remains to be seen whether the latest positive momentum can be maintained.
Alien Metals (UFO) bounced back well after a share price retreat in the second half of last month, posting an 18% gain. This came off the back of the company announcing the addition of 117sq km of acreage next to its Elizabeth Hill project in Western Australia. On an operational level the news was also welcomed as the proximity of the new potential asset to existing targets means that all of them can be developed from a central base.
Shares of CBD specialist Zoetic International (ZOE) finally accelerated to the upside, breaking recent near term sticky resistance at 24p. The stock was up 15% after preliminary results earlier this week highlighted the signing of two international distribution agreements for CHILL, giving the company a footprint of more than 15 countries in Europe. This adds to the 6,000 plus retail stores Zoetic has in the USA.
Tech investor Pires (PIRI) was able to point to a second significant investor adding to their position in the company of late, after the recent push by new investor John Mahtani to 4%. In this case we saw Nicholas Clarke move up from 5.4% to just under 6.1%. The shares edged up 3%.
Mining minnow Bezant Resources (BZT) was in focus, up 0.01p to 0.145p, as the copper gold exploration and development company announced the commencement of exploration at the Hope copper gold project. The company said it was optimistic that the size of its metal holdings at the project could be raised in the wake of the work it will undertake over coming weeks.
Zakmir.com is a purely journalistic website – Zak Mir is a member of the National Union of Journalists. There is no intention here of providing financial advice. It is recommended you seek an independent professional opinion before deciding whether or not to take any action with regard to anything written here.