Proactive’s Post

BenevolentAI interims highlight progress and potential of AI-driven drug discovery @benevolent_ai #OTC #BAIVF. BenevolentAI (OTC:BAIVF), the AI-driven biopharma drug discovery working with the likes of AstraZeneca and Merck, today announced its interim results for the six months ended 30 June 2024. It covers a period in which the company’s programmes have advanced, and at the company management changes have bolstered the proposition. The company reported positive topline Phase I data for its lead clinical asset, BEN-8744, which is being developed as a potential first-in-class treatment for ulcerative colitis. Full results will be presented at an upcoming... http://ow.ly/Uop9105Jbaa

  MP Evans Group plc (MPE) CEO Matthew Coulson joined Steve Darling from Proactive to share the company's unaudited interim results for the first half of 2024, ending June 30. The company saw a 5% increase in total crop processed, totaling 759,700 tonnes, and a 6% rise in crude palm oil production, reaching 177,000 tonnes. Coulson told Proactive this contributed to a significant 78% increase in operating profit to $41.6 million. The positive performance allowed the company to announce a 20% increase in the interim dividend. Additionally, Coulson highlighted the strengthening of palm-oil prices in the second half of 2024 and a 14% reduction in palm product costs to $458 per tonne, down from $535 per tonne in 2023. Looking ahead, Coulson stressed the company’s focus on continued growth and sustainability in both planting and acquisition. Watch at #Proactive #ProactiveInvestors http://ow.ly/uQ9X105JaOM

Rome Resources Ltd. (AIM:RMR, AIM:RMR) has reported significant tin mineralisation in two key drill holes at its Kalayi prospect in North Kivu, Democratic Republic of Congo. The company today announced results from a portable XRF analyser on core samples from Kalayi, where drill holes KBDD005 and KBDD006 are seen to have significant tin mineralisation. "We are extremely encouraged by the results received from the XRF analyser as, although not certified, they represent further confirmation that our licence area contains significant, high-grade tin mineralisation,” chief executive Paul Barratt said in a statement. “We continue to progress the drilling programme, with the fourth diamond drill rig currently being mobilised, which will accelerate operations across our identified prospects." For KBDD005, the XRF analysis highlighted a high-grade tin zone over 1.5m, with a maximum grade of 3.1% Sn. Drill hole KBDD006 showed... More at #Proactive #ProactiveInvestors http://ow.ly/f9UL105JaaX

On 19 September, the ASX 200 reached a record high of 8,200 points, closing 0.61% higher at 8,191.9 points reports Proactive's Tylah Tully. Top performers included SIMs Limited, which rose 12.42%, trading at $12.40. The company released its guidance for the first quarter of FY25, projecting an estimated EBIT of $55 million for its Metals businesses. Notably, its North America Metals division expects to contribute $29 million in EBIT with a 22% trading margin. In contrast, ALS Limited saw its shares fall 8.56% to $13.67. Sector-wise, six of the eleven sectors gained. The materials sector led the gains, up 2.3%, driven by strong performances from BHP (up 2.6%), Rio Tinto (up 3.43%), and James Hardie Industries (up 5.44%). However, the industrials sector was the worst performer, down 1.32%, followed by healthcare, which dropped just over 0.5%. In economic news, the Australian Bureau of Statistics reported the national... Watch at #Proactive #ProactiveInvestors http://ow.ly/Vqki105Jagj

POWERHOUSE ENERGY GROUP PLC (AIM:PHE) said its first-half results showed the year started with positive momentum off the back of a new business strategy that plays to the company's strengths. The company, which focuses on converting non-recyclable waste into low-carbon energy, has refined its business strategy to emphasize licensing fees, royalties, and engineering services revenue, with David Hitchcock appointed as chairman to lead the new direction. Events in the half included the installation of a new kiln and gas clean-up systems as part of its Feedstock Testing Unit at its Brackla Technology Centre, a five-year framework agreement with Australia's National Hydrogen, and the progress on the Ballymena project in Northern Ireland as lease terms were agreed and legal documentation underway. More at #Proactive #ProactiveInvestors http://ow.ly/oksS105JalW

Today’s interim results statement from Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) charts a period of change for the micro-cap firm. At the top, Nostra Terra Oil & Gas Company Plc appointed Paul Welch as its new chief executive, replacing founder Matt Lofgran. Nostra Terra, today, highlighted that Welch has brought to the company a relevant skill set, experience and a clear plan for organic growth. The company has significantly trimmed general and admin expenses, whilst it also opted to focus on the Pine Mills asset and divest non-core assets in south and west Texas. Welch intends to oversee improvements in Pine Mills' production and increase cash flow by year-end. At the same time, the group’s capital structure was revamped with a reorganisation followed by a £450,000 equity raise in July. Performance and financials For the first half of 2024, Nostra Terra produced 12,593 barrels of oil, down from 21,265 in the same... More at #Proactive #ProactiveInvestors http://ow.ly/efON105Jalx

Today’s interim results statement from Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) charts a period of change for the micro-cap firm. At the top, Nostra Terra Oil & Gas Company Plc appointed Paul Welch as its new chief executive, replacing founder Matt Lofgran. Nostra Terra, today, highlighted that Welch has brought to the company a relevant skill set, experience and a clear plan for organic growth. The company has significantly trimmed general and admin expenses, whilst it also opted to focus on the Pine Mills asset and divest non-core assets in south and west Texas. Welch’s plan sees the company aim to improve Pine Mills' production and increase cash flow by year-end. At the same time, the group’s capital structure was revamped with a reorganisation followed by a £450,000 equity raise in July. Performance and financials For the first half of 2024, Nostra Terra produced 12,593 barrels of oil down from 21,265 in the same... More at #Proactive #ProactiveInvestors http://ow.ly/Vp2f105JahN

Powerhouse Energy reports progress with project pipeline @powerhouseeg #AIM #PHE. Powerhouse Energy Group PLC (AIM:PHE) said its first-half results showed the year started with positive momentum off the back of a new business strategy that plays to the company's strengths. The company, which focuses on converting non-recyclable waste into low-carbon energy, has refined its business strategy to emphasize licensing fees, royalties, and engineering services revenue, with David Hitchcock appointed as chairman to lead the new direction. Events in the half included the installation of a new kiln and gas clean-up systems as part of its Feedstock Testing Unit at its... http://ow.ly/oksS105JalW

Nostra Terra Oil and Gas results chart a first half of change @NTOGplc #AIM #OTC #NTOG #NTOGF. Today’s interim results statement from Nostra Terra Oil and Gas Company PLC (AIM:NTOG, OTC:NTOGF) charts a period of change for the micro-cap firm. At the top, Nostra Terra appointed Paul Welch as its new chief executive, replacing founder Matt Lofgran. Nostra Terra, today, highlighted that Welch has brought to the company a relevant skill set, experience and a clear plan for organic growth. The company has significantly trimmed general and admin expenses, whilst it also opted to focus on the Pine Mills asset and divest non-core assets in south and west Texas.... http://ow.ly/efON105Jalx

Touchstone Exploration Inc. (AIM:TXP, TSX:TXP, OTC:PBEGF) has confirmed that its previously agreed acquisition of Trinidad oil and gas peer Trinity Exploration & Production PLC (AIM:TRIN) will now lapse on 25 September. Having agreed the acquisition and received support of Trinity shareholders, a subsequent alternative proposal to buy Trinity is expected to proceed. In a statement today, Touchstone emphasised its commitment to maintaining a disciplined approach to its corporate activities. "We are disappointed with the outcome of this process, and the fact that UK takeover rules make it possible for our offer not to complete at such a late stage in the process despite having obtained both shareholder and regulatory approvals,” chief executive Paul Baay said in a statement. “We believe our offer represented compelling value for all stakeholders.” “However, Touchstone remains committed to maintaining strict discipline... More at #Proactive #ProactiveInvestors http://ow.ly/Be6m105JaeW