London’s AIM Index managed another day of modest gains, tracking the main board higher and heading towards the close up by around two points at 739.28
- Bushveld Minerals +20%
- Cadence Minerals +18%
- Light Science Technologies +12%
- Helium One -19%
- Falcon Oil & Gas -16%
Bushveld Minerals LON:BMN was heading the pack as we moved into the close, up 20%. The company issued a notification late afternoon that a mining fund had taken a 5% stake holding and that’s clearly sparked some interest – despite the transaction having taken place at the end of last year. Trade has been limited since the news emerged and a spread in excess of 10% is being quoted.
Cadence Minerals LON:KDNC added 18% by late afternoon in the wake of a corporate update. This included the idea that a higher quality iron ore concentrate product can be extracted, realising a higher price point for the ore and improving margins.
- Helix Exploration: Is rig delay an opportunity to get into this helium success story?
- Small Cap Stocks: Indus Gas, Futura Medical, Jersey Oil & Gas
- LST’s strong half-year results drive share price up
Light Science Technology LON:LST was 12% higher at 4pm, supported by news of a refreshed boardroom which has committed to focus on a high growth strategy. That includes the appointment of Dr Graham Cooley as Non-Executive Chairman, whose stake building in Hardide earlier in the week also received a warm welcome from investors.
Helium One LON:HE1 was the laggard heading towards the bell, off some 19%. That’s despite some upbeat interim results and a positive forward operational update – seems as if investors are taking the glass half empty view here…
