London’s AIM All Share has had a rather uninspiring start to the week, trading in a very narrow range and finishing just one tenth of a point higher at 774.49.
- Goldstone Resources +141%
- I-Nexus Global +55
- Helium One +26%
- Biome Technology -43%
- Conroy Gold -24%
Goldstone Resources LON:GRL added 141% on the day following an update on the company’s Homase gold mine in Ghana. Highlights here include news of a significant increase in gold recovery over the last six months and that production can continue to accelerate with minimal need for additional capital spend.
- Biome’s long-term prospects remain promising despite short-term challenges
- Helix Exploration: Is rig delay an opportunity to get into this helium success story?
- Three Quick Facts: Botswana Diamonds, Biome Technologies, Fletcher King
I-Nexus Global LON:INX was in second place at the bell, up 55%. This is a small cap stock and the number of transactions being reported was limited – but volumes have been meaningfully elevated. There’s no news – will be interesting to see if this sticks.
Biome Technology LON:BIOM was the biggest faller, off 43% following a trading update. Previously reported production and regulatory difficulties may have been resolved but it’s taking longer than had been expected for revenues here to recover. As a result, full year revenues are now expected to be materially below current expectations.
And Conroy Gold LON:CGNR was in second to last place, down 24%. Shares are wallowing around levels not seen in five years and there’s no news in the public domain, but are market participants sensing an imminent placing?
Helium One LON:HE1 gets the notable mention, up 22%. The only announcement here is that an IR presentation which had previously been postponed is now due to take place on Wednesday.
