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Proactive news summary: Active Energy, ANGLE, Baobab Resources, Caza Oil & Gas, Diamondcorp ...

Last updated: 03:31 30 Jan 2015 AEDT, First published: 04:31 30 Jan 2015 AEDT

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We do not hear so much about BRIC countries these days, but the fast-expanding markets are still exciting some people such as Mobile Streams (LON:MOS) chief executive Simon Buckingham.

He told investors of his excitement over the group’s expansion into key market such as Brazil and India.

The smartphone app seller revealed that its services can now be billed and marketed to consumers on all four major Brazilian mobile carriers. At the latest count the number of active subscribers in Brazil has now exceeded 35,000.

In India, meanwhile, talks are underway with the country’s top three mobile operators with a view to using their carrier billing services.

Elsewhere in the technology sector, Forbidden Technologies (LON:FBT) has had a major rethink and is switching to an “all you can eat” flat rate licensing model for professional users.

The idea is to reduce the administrative burdens of signing up for the company’s innovative Forscene video editing software, thus improving the company’s chances of landing larger revenue contracts.

Lifes’ Comfort Solutions, a chain of shops owned by Obtala Resources (LON:OBT), is to open the first iStore for Apple consumer technology products within Lesotho.

In a week where all the talk seems to have been about Apple products finally catching on in China, Apple mania is set to hit Lesotho, with Lifes’ Comfort Solutions (LCD) planning to set aside designated Apple areas within its shops, with the shop fittings funded by the suppliers of the products.

The medtech firm ANGLE (LON:AGL) said it is “engaged constructively” with regulators as it seeks US clearance for its breakthrough Parsortix device that detects the early signs of cancer.

The technology, which captures circulating tumour cells, is already CE Mark-authorised here in Europe.

In the States a submission was made to the Food & Drug Administration (FDA) last March to use the platform “for the capture and harvesting of large cells from blood for the purposes of analysis”.

On to the resources sector, and Active Energy (LON:AEG), which today denied its forestry joint venture in Canada was under threat from an investigation by the country’s Minister of Aboriginal Affairs into how it was established.

Active Energy said it “was at all times and continues to be fully appraised of this on-going process, and has been and continues to be fully satisfied as to the legal and regulatory processes followed by the three Métis Settlements.”

Landore Resources (LON:LND) has identified another potentially significant deposit of nickel, platinum, palladium and other metals at its Junior Lake prospect in Ontario.

The find, in the Alpha Zone target, is immediately adjacent to the B4-7 deposit and far more significant than previously determined.

Medusa Mining (ASX:MML), the Philippines-focused gold miner, produced a record 26,859 ounces in the fourth quarter of 2014.

The gold was produced at an average head grade of 5.56 grams per tonne (g/t) and at a cash cost of US$380 per ounce, inclusive of royalties and local business rates.

In similar vein, shares in International Ferro (LON:IFL) shot up 12% as the South Africa-focused group saw quarterly production pick up and hinted that the downward trajectory of ferrochrome prices could soon come to an end.

The London-listed firm produced 49,800 tonnes of the platinum by-product in the three months to December, a 3% rise on the previous quarter, while sales rose by 11% to 53,517t.

Baobab Resources (LON:BAO) has told investors that a more commercially favourable path to production could now be pursued for the Tete iron project, in Mozambique.

The company this morning revealed it is nearing the conclusion the selection process to bring in a Chinese partner.

This would in turn lead to the completion of a feasibility study, pilot scale test work and the provision of an engineering procurement contract (EPC) with process performance guarantees.

Forte Energy (LON:FTE, ASX:FTE) has unveiled plans which it believes will make the firm “extremely well placed” for an anticipated rebound for the uranium sector.

It intends to de-list its shares from the Australian market, raise new capital from investors and is currently engaging in mergers and acquisition activities.

One company that is not delisting is investment company TXO (LON:TXO), which has quashed rumours that it is going to delist from the Alternative Investment Market (AIM).

The rumours started circulating after TD Direct Investing (Europe) sent out a letter to its customers saying that trading in TXO’s shares will be cancelled with effect from 23 February 2015.

TXO is currently looking for a new nominated adviser (nomad) and broker, and needs to appoint a nomad before 23 February otherwise trading in its shares will be suspended from that date, after which it will have a month to appoint a nomad or its listing will be cancelled.

The company said it expects to be in a position to make an announcement on that front shortly.

Caza Oil & Gas (LON:CAZA) has decided to scale back drill plans in New Mexico until oil prices recover or drilling costs reduce.

The company, which revealed two “very strong” well results today, told investors that in order to maximise profits, prolific new wells across its portfolio would be better developed when oil prices are higher.

Beowulf Mining (LON:BEM) has had its application for a mining licence at Kallak North delayed for another few weeks due to staff shortages at the Swedish mining inspectorate.

A decision will now be made in the second half of February.

DiamondCorp (LON:DCP) said the start of underground mining at the historic Lace project in South Africa will be delayed slightly following recent industrial action – but will still be a full four months ahead of the original schedule.

The six-week Association of Mineworkers and Construction Union strike in October and November slowed progress by a “few weeks”, the company said.

It means operations will commence in the second half of this year rather than the end of the first half.

Lastly, we don our best bib & tucker for this last item.

Having had Lord Green, minister of state for Trade & Investment, visit its Luton plant in 2013, Hayward Tyler (LON:HAYT) played host to royalty today.

His Royal Highness, the Duke of Kent KG, visited the company's Luton factory to mark the formal commencement of the expansion works at the site that will see capacity doubled over a two-year period.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

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