Amur Minerals Corp shot up 83% to 3.65p this week after it confirmed it is in talks to sell its subsidiary, Iostra Trading.
Iostra owns the Kun-Manie project, Amur’s principal asset, in the far east of Russia.
Amur, which has a stock market value of around £44mln, said the potential buyer is talking about paying up to £100mln for the asset.
On the subject of disposals, Origo Partners (AIM:OPP) PLC pulled the trigger on the sale of its entire interest in Six Waves, a Hong Kong-based gaming company.
The company sold its interest for US$2.18mln having originally invested US$240,000 in the company back in 2012.
Origo shares leapt up 36% to 0.17p.
Is it just me or are company ticker symbols getting more interesting?
Northcoders Group PLC (AIM:CODE) (ticker symbol CODE), the provider of training programmes for software coding, was 15% heavier after it said demand for the group's core boot camp courses is growing strongly and that the group has now commenced its largest-ever cohort with more than 100 students starting the course this month.
Alien Metals Limited, ticker symbol UFO, rocketed by 33% after it intersected bonanza silver at Elizabeth Hill in the Pilbara Region of Western Australia.
Apart from being a 1960s TV western, “bonanza” refers to an exceptionally large and rich mineral deposit.
The bonanza results are in a batch of results for four holes. The highlight intersections featured 9.7 metres of mineralisation that measured 8,326 grams per tonne silver from a depth of 15 metres and a 24.8-metre section that had 829 grams per tonne, of which some 11.7 metres had 1,735 grams per tonne.
You can stop humming the Bonanza theme tune now and start humming Spandau Ballet’s Gold because we are turning to Katoro Gold PLC (AIM:KAT), which said its 1,000-metre drilling programme has now commenced at the Haneti Project project.
Katoro holds a 65% ownership interest in the nickel-copper-cobalt-platinum project with 35% held by Power Metal Resources PLC (AIM:POW). Shares in Katoro were up by around a fifth but curiously shares in Power Metal subsided by 5%.
Hargreaves Services Plc (AIM:HSP, OTC:HGRVF), a diversified group delivering key projects and services to the industrial and property sectors, advanced by 28% in a week when its interim results statement said the board’s expectations have increased materially for current and future years.
The group exited its coal business in December 2020 and does not seem to be regretting the decision one bit.
“The group has now moved on from its historic activities and has a clear strategy to create, deliver and realise shareholder value in each of its businesses,” said Roger McDowell, the chairman of Hargreaves.
The investor presentation on Wednesday by ECO Animal Health Group PLC must have been a belter because the shares hardened 18% this week.
ECO started a programme of significant research & development investment in vaccines around four years ago and has seen meaningful progress, it told investors.
The investor presentation gave insights from the management team and further details of the potential commercial value that exists within the new product development pipeline.
IDE Group (AIM:IDE) Holdings PLC, the mid-market network, technology outsourcing partner, revived its claim to be a turnaround play with an upbeat trading statement.
Five years ago the shares were trading at around 60p; they now trade at just 1.53p and that’s after this week’s 17% hike.
The company said it expects double-digit percentage revenue growth in 2022, of which 85% is from existing contracted customers.
Sensyne Health PLC (AIM:SENS) headed 18% higher after it confirmed the completion of a financing announced earlier this month.
The company has received a £6.35mln first tranche of an agreed £11.35mln facility.
The funding is expected to cover the firm financially during an ongoing formal sale process.
It was a very bad week for Challenger Energy shareholders, who saw their holdings lose three-quarters of their value after the company confirmed the closing of its recently announced equity fund raise.
The £5mln raised will allow the company to complete its financial restructuring and advance low-risk development programmes in Trinidad and Suriname through 2022 and 2023.
The shares were issued at 0.1p; Challenger shares currently trade at around 0.145p.
IG Design Group PLC (LSE:IGR) describes itself as one of the world's leading designers, innovators and manufacturers of celebrations, craft, gifting, stationery and creative play products.
There was not, however, much to celebrate in the company’s profit warning this week, which lopped five-eighths (62%) off the company’s value..
The company said its US division has incurred significant supply chain costs, specifically in relation to freight, labour and raw materials, which alongside lower craft revenues has resulted in the group’s adjusted operating margins in the final nine months of 2021 falling 4.6 percentage points to 4%.