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


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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