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This week: A sea energy company turns the tide, a sound improvement from a radio business and lots of good news for Synairgen

African Copper (ACU 8.50p/£59.7m)

We try and bring you, dear reader, small cap stories of companies whose market capitalisations are less than £50m. However, sometimes a news story is so good and the share price rise so strong that what started out within our universe of coverage soon shoots through it. African Copper is a case in point, with a 20 per cent share price jump. It announced that its copper mine based in Botswana has recommenced operations after a period in care and maintenance following the collapse and now rebound of the price of copper.    The teething problems encountered during the re-start of the plant were quickly identified and remedied and management now believe the operation is well positioned to advance to full production through the coming quarters. We know many of our most respected investors maintain a bullish stance on commodity prices generally and this one in particular looks copper bottomed.

Crimson Tide (TIDE 1.48p/£4.91m)

The „no guts no glory? oil and gas exploration company, which looks for opportunities where others don?t dare, is raising £3.7n in a placing to continue its development programmes in the country of Georgia. The people behind Frontera are no chickens and entities controlled by some of the board directors have agreed to underwrite the whole issue at a significant premium. The private placement consists of 35.8m units priced at 10.3p each, which is comprised of one common share and one common share purchase warrant exercisable for two years at 15p per common share. The proceeds will be used to facilitate efforts that will boost cost-effective, short-term production and cash flow and thereafter larger-scale production and further exploration of the company?s prospects.

Herencia Resources plc (HER 0.62p/£3.04m)

The prospects for Herencia, the junior exploration company that is developing the Paguanta zinc-lead-silver project in northern Chile, look a lot more promising than they did six months ago, thanks to improving commodity prices and a determined management team. The company has been granted the remaining 10 of 14 exploitation tenements, covering a total of 39 square kilometres, enabling it to move towards the project development phase. The company?s share price rose 30 per cent on the news, which follows an earlier solution…

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