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SmallCap Round Up: Bushveld Minerals, Cadence Minerals, Light Science Technologies

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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.

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…

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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