London’s AIM All Share found some gains at the start of the week but momentum proved to be short lived, plateauing through the remainder of the session to finish one and a half points ahead at 765.86.
- Bluejay Mining +115%
- Nightcap +28%
- Libertine Holdings +17%
- Karelian Diamond -34%
- Armadale Capital -27%
Bluejay Mining LON:JAY topped the board, advancing an impressive 115% following news of a hydrogen and helium discovery at a wholly owned site in Finland. High concentrations of other industrial gases were also recorded. There’s no indication of the scale of these discoveries but the news has clearly ignited market interest.
Nightcap LON:NGHT was 28% higher. The stock is set to be delisted from the AIM market later this month subject to approval at a general meeting, but investors are once again warming to the idea that a private venue may offer some solid funding opportunities in the medium term.
- AIM Market Roundup: Mirriad Advertising, Goldstone Resources
- Small Cap Stocks: Armadale Capital, Petrel Resources, Hummingbird Resources
- Small Cap Stocks: Aferian, BigBlu Broadband, Armadale Capital
Karelian Diamond Resources LON:KDR was the biggest faller, although initial losses have abated slightly. The move came off the back of a discounted cap raise which yielded a fairly modest slug of cash but with recent reports posting a solid outlook for several metals discoveries there’s confidence that better times may be looming. Shares were 34% lower at the close.
Armadale Capital LON:ACP was 27% down on the day. The company published final results after the closing bell on Friday. Significant impairment charges cast something of a shadow over the performance and the cash equivalents have been significantly eroded.
Libertine Holdings LON:LIB gets the notable mention, up 17% on the day. The company published a financing update this morning which ought to keep the business funded for a further 12 months.
