Proactive

The FTSE enjoyed a bright start on Friday, gaining 31 points to reach 8,411. This took the index ever closer to its record high seen in May of 8,447 in intraday trading and an 8,445 close. The move up came despite little company news and another tough night for Nvidia. Traditional safe stocks such as utilities and property groups were going well in early trades, particularly Land Securities and power group SSE. Nvidia shed almost US$200 billion of its value overnight after investors digested its results; this had a knock-on effect UK investor Scottish Mortgage Investment Trust, which was one of the FTSE 100’s few early losers. Elsewhere, house prices climbed by 2.4% in the year to August and at their fastest pace since December 2022, according to figures from building society Nationwide. Watch at #Proactive #ProactiveInvestors http://ow.ly/rHPx105H8WJ

Join Proactive's Tylah Tully as she breaks down 'Just the Facts' of Antipa Minerals Limited (ASX:AZY) lasted ASX announcement. The company has confirmed gold mineralisation at its Pacman targets within the MinyariDome Gold-Copper Project, located in the Paterson Province of Western Australia. The confirmation comes from recent diamond core drilling, which involved two holes totalling over 1,600 metres. The Pacman targets are situated 30 kilometres east of the Minyari deposit and are along trend from the Havieron deposit, which contains seven million ounces of gold and 275,000 tonnes of copper. The drilling results have shown encouraging gold and copper mineralisation, as well as strong pathfinder anomalism. Watch at #Proactive #ProactiveInvestors http://ow.ly/WmXi105H8KL

Join Proactive's Tylah Tully as she breaks down 'Just the Facts' of Synertec Ltd (ASX:SOP) financials from the 2024 fiscal year. The company reported a 26% increase in revenue and other income… reaching 19.7 million dollars. The growth is driven by its expansion of the engineering services and contracts related to its micro-grid renewable energy and storage solution, Powerhouse. It deployed three Powerhouse units through the financial year, contributing $1.1 million dollars to the group’s revenue. SOP is currently in discussions with 15 potential customers for future deployments of these units. Powerhouse has demonstrated superior performance with over 99.9% uptime and required no site visits or maintenance. The company says it continues to deliver strong and consistent revenue growth, increasing revenue by over 135% since FY 2021. Adding the growth in revenue reflects the company’s expanding operational... Watch at #Proactive #ProactiveInvestors http://ow.ly/AaqM105H8z1

Eco Atlantic Oil & Gas (AIM:ECO, TSX-V:EOG) chief executive Gil Holzman highlighted significant progress, as the explorer released financial results for its three-month period ended June 30. "Our active farm-out processes in both Namibia and Guyana have seen Eco actively engaged with a number of potential high-calibre partners as we work to monetise these licences as fast as is practically possible for the benefit of all involved,” Holzman said in the results statement. “We look forward to providing updates on material developments to all our stakeholders over the coming months." The company held $1.185 million in cash and cash equivalents with no debt as of the end of June 2024. Total assets stood at $29.65 million, with total liabilities amounting to $0.791 million. Following the recent completion of a farm-down of a 13.75% participating interest in Block 3B/4B offshore South Africa, Eco expects to boost its... More at #Proactive #ProactiveInvestors http://ow.ly/HEpX105H8OM

Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) reported annual revenues up by almost 90% as tin production from its Uis mine in Namibia ramped up. Annual tin concentrate tonnage increased 54% to 1 474 tonnes in the year ending February 2024 while annual tin metal tonnage increased 51% to 885 tonnes. Cash costs fell by 11% to US$20,796 a tonne with all-in-costs of US$26,223t (US$24,939t), which Andrada said was within guidance. Losses for the year were £8.9 million (£8.1 million) with a cash balance on 27 August 2024 of £10.1 million. Finding a strategic partner for its lithium operations remains a focus while it expands its tin processing operations. Milestones for the next few years also include the construction of the pre-concentration circuit, completion of the CI2 Programme, feasibility studies and the implementation of the lithium integration circuit. Exploration this year is also planned at Uis, Lithium Ridge and... More at #Proactive #ProactiveInvestors http://ow.ly/G1o6105H8MO

Join Proactive's Tylah Tully as she breaks down 'Just the Facts' of Cyprium Metals Limited (ASX:CYM, OTC:CYPMF) latest ASX announcement. The company has entered into a binding term sheet with Glencore International AG for a $40 million senior secured loan facility. The four-year loan is intended to support Cyprium's efforts to repay existing debts, advance early works, for general corporate purposes, and to enable it to conduct feasibility studies at the Nifty copper complex in Western Australia. The agreement builds on the company’s ongoing strategic partnership with Glencore, aimed at accelerating copper production from the Nifty site. Earlier this month, CYM released a mineral resource estimate for the above-surface material stacked on heap leach pads at Nifty, outlining 54,050 tonnes of processing-ready resource. And this resource only concerned part of the stockpiled material, with a review of historical production... Watch at #Proactive #ProactiveInvestors http://ow.ly/IHTP105H8uj

Proactive’s Tylah Tully gives a market wrap for the 30th of August. The ASX closed higher today, gaining 0.58% on lower-than-normal volume, increasing by 46.8 points to reach 8,091.9. Over the past five days, the index has risen by 0.85%, currently 0.7% below its 52-week high. Downer EDI Ltd was the top-performing stock, surging by 16.95% to $5.59 per share. This increase followed the company's strong financial results for FY24, reporting a 34% rise in pro forma earnings before interest, taxes, and amortisation (EBITA) to $384.1 million, with a margin increase of 0.7 percentage points. On the other hand, Ramsay Health Care saw its shares fall by 6.75% to $41.55. The decline came after the company released its FY24 financial results, which showed a 0.4% decrease in EBIT and a 2.7% drop in profit after tax. Despite these declines, Ramsay increased its full-year dividend by 6.7%. Sector-wise, eight out of eleven... Watch at #Proactive #ProactiveInvestors http://ow.ly/ZWKW105H8St

ReNeuron Group Plc (AIM:RENE, OTC:RNUGF) said it would delist from AIM after it called time on City fundraising efforts to focus on the ongoing administration process. In an update, the company said it was not in the best interests of existing shareholders to pursue a "highly dilutive" equity fundraise, given the limited funds identified and the terms offered by potential investors. Instead, its administrators would continue to work with creditors to determine the company’s solvency and explore the possibility of exiting administration as a private business. Should agreements with key creditors be secured, ReNeuron plans to continue operations with a reduced team, led by Iain Ross and Randolph Corteling.     More at #Proactive #ProactiveInvestors http://ow.ly/UH0Y105H8LH

Eco (Atlantic) Oil & Gas highlights recent progress with ‘material’ farm-out news eyed in coming months @ecoatlantic_og #AIM #TSXV #ECO #EOG. Eco (Atlantic) Oil & Gas Ltd (AIM:ECO, TSX-V:EOG) chief executive Gil Holzman highlighted significant progress, as the explorer released financial results for its three-month period ended June 30. "Our active farm-out processes in both Namibia and Guyana have seen Eco actively engaged with a number of potential high-calibre partners as we work to monetise these licences as fast as is practically possible for the benefit of all involved,” Holzman said in the results statement. “We look forward to providing updates on... http://ow.ly/HEpX105H8OM

Andrada Mining revenues jump 90% as tin production ramps up @Andrada_Mining #AIM #OTC #ATM #AFTTF. Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) reported annual revenues up by almost 90% as tin production from its Uis mine in Namibia ramped up. Annual tin concentrate tonnage increased 54% to 1 474 tonnes in the year ending February 2024 while annual tin metal tonnage increased 51% to 885 tonnes. Cash costs fell by 11% to US$20,796 a tonne with all-in-costs of US$26,223t (US$24,939t), which Andrada said was within guidance. Losses for the year were £8.9 million (£8.1 million) with a cash balance on 27 August 2024 of £10.1 million. Finding a strategic partner for... http://ow.ly/G1o6105H8MO