With European markets posting losses across the board, the fact the AIM All Share is down by less than two points leaves it as one of the better performing indices reaching the bell at 773.5.
- Mindflair +152%
- Conroy Gold +65%
- Strategic Minerals +33%
- Goldstone -18%
- Sancus Lending -18%
The £1m minnow Mindflair [LON:MFAI] saw its shares surge 152% to the top of the board today following news that Infinite Reality (iR) had agreed to acquire Landvault for $450m. There’s a complex series of holdings here but critically the disposal has the ability to generate around $6m worth of value for Mindflair depending on the value of iR’s shares.
Conroy Gold LON:CGNR was in second place, up 65%. There’s no news here but the share price was driven to four year lows at the start of the week so is this just bargain hunters now moving in after that placing chatter failed to materialise?
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Goldstone LON:GRL is the worst performer, off 18%. However that needs to be taken in context of yesterday’s 140% gain for the stock following upbeat news from its gold mine in Ghana.
Sancus Lending LON:LEND was in second to last place down by 18%. Transactions have however been very limited and the move was within the quoted closing spread.
Strategic Minerals LON:SML gets the notable mention today, up 33% following a sales update this morning. Sales for the June quarter were the highest on record and full year sales forecasts have been upgraded to exceed $4m.
