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Three Quick Facts: Tekmar, EKF and Great Western Mining

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Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

1. Tekmar strategic partner sought

Tekmar (LON:TGP) published interim results this morning which showed the company continuing to navigate its way out of post-pandemic losses, but expected future capital requirements have lead the management team to conclude that a strategic partner should be sought to maximise shareholder value. Options here include, but are not limited to, a full sale of the company, suggesting that the stock could see a turbulent ride ahead as this unfolds.

2. Strong cash position sees EKF look beyond C-19

EKF Diagnostic Holdings (LON:EKF) has provided an update on its strong cash position, which it notes is helping the company gain a clean break from COVID related services, enabling it to transition into other areas on a sustainable basis. The trigger for this announcement as the receipt of $5.5m in cash relating to additional inventory held in the USA.

3. Great Western Mining drilling success reported in Nevada

AIM-listed Great Western Mining (LON:GWMO) has provided a further drilling update this morning on its Nevada operation. Intercepts have been successfully found at all three drill holes, with one being larger than anticipated. Assay results are now awaited.

 

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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