Hybridan Small Cap Wrap: Beacon shines, broadening the Range, and sound news from Silence.

Wednesday, Aug 10 2011 by
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Hybridan Small Cap Wrap Beacon shines broadening the Range and sound news from Silence

This week:Small Cap Wrap will be on holiday for the 23rd and the 30th of August. Back on 6th September after the holidays, but see you next week.    

The economic volatilities continue, with the FTSE 100 dropping some 10.9 per cent last week and the AIM All Share dropping 13.6 per cent. Whilst progress has been made in raising the US debt ceiling, a downgrading of US government debt to AA and the contagion debt crisis across Europe, which includes Spain and Italy, have continued to trouble the markets this week. Looking ahead, the rest of the week sees the US Federal Reserve Policy announcement, The Bank of England quarterly Inflation report, as well as the July inflation figures from China which going forwards are anticipated to be affected by possible declines in US demand.

AFC Energy (LON:AFC) (AFC 36.5p / £66.92m)

AFC Energy, a developer of alkaline fuel cells, announced that the HAZOP study relating to its commercial-scale fuel cell system (Beta system) has now been successfully completed. Improvements highlighted by the study have been incorporated into the Beta system which is currently being commissioned at the Company’s premises in the UK. Further news on this commissioning is expected shortly, according to Ian Balchin, Executive Deputy Chairman. None of these improvements have involved any significant redesign work and the Company is on track with its plans to deploy a Beta system in the field for testing.

African Eagle (LON:AFE) (AFE 7.12p / £29.19m) 

African Eagle Resources, a mineral exploration company, announced that progress on drilling at the Dutwa nickel deposits in Tanzania and laboratory work in Perth and Johannesburg continue ‘unabated’. Resource upgrade drilling is now underway and metallurgical test work to investigate upgrading is progressing well. Drilling is now complete for Bulk Ore Sample 2 (BSO2), with 34 holes for 1,513 metres at Wamangola and 15 holes for 991 metres at Ngasamo, making a total of about 14 tons of core sample. BSO2 will be shipped to laboratories in Australia for pilot-scale metallurgical test work. Results from this testing will contribute to the detailed plant design and costing for the definitive feasibility study as well as provide product samples for off-takers. Results from the test work on BOS1 will form a key element of the prefeasibility study which is expected to…

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AFC Energy plc is a United Kingdom-based industrial fuel cell power company. The Company develops alkaline fuel-cell systems using hydrogen to produce electricity. The Company installs, owns, operates and maintains alkaline fuel cell power projects. It operates through development of fuel cells segment. It participates in over three projects, including LASERCELL, ALKAMMONIA and POWER-UP. POWER-UP project involves the construction and delivery of the alkaline fuel cell system to an operational site in Germany. POWER-UP project includes installation of approximately 500 kilowatt-electric fuel cell system in over two phases, including 250 kilowatt each. ALKAMMONIA project integrates alkaline fuel cell system, fuel processing system and an ammonia fuel system. It focuses on regions that offer market conditions for electricity generated from fuel cells. Its alkaline fuel cell is fed with hydrogen that chemically reacts with scrubbed air to produce water, heat and electricity. more »

LSE Price
4.75p
Change
0.2%
Mkt Cap (£m)
21.2
P/E (fwd)
n/a
Yield (fwd)
n/a

Touchstone Innovations plc, formerly Imperial Innovations Group plc, is a technology commercialization company. The Company creates, builds and invests in technology companies and licensing opportunities developed from scientific research focusing on the Golden Triangle. The Company has operations in London, Cambridge and Oxford. The Company supports scientists and entrepreneurs in the commercialization of their ideas and intellectual property by the formation of new companies, providing facilities in the early stages, providing investment and co-investment to manage development, providing operational knowhow and recruiting management teams. It also runs a technology incubator in London. The Company invests in a range of sectors, which include therapeutics, medtech and medical devices, engineering and materials, and information and communications technology. It has access to intellectual property developed at Imperial College London and networks around London, Cambridge and Oxford. more »

LSE Price
315p
Change
 
Mkt Cap (£m)
n/a
P/E (fwd)
n/a
Yield (fwd)
n/a

Columbus Energy Resources plc, formerly LGO Energy plc, is an oil and gas exploration, development and production company. The Company has assets in Spain and Trinidad. The Company's geographic segments include Spain, USA, Trinidad & Tobago, St. Lucia, Cyprus and UK. In Trinidad and Tobago, the Company, through various subsidiaries, holds interests in approximately three producing fields, such as Goudron, Icacos and Bonasse. The Gourdon field lies between the East Moruga and Beach Marcelle fields in south-eastern Trinidad. The Icacos oilfield lies on the Cedros Peninsular in southwest Trinidad. The Bonasse Field is located in the South West Peninsula. It also holds interests in various private petroleum leases. The Company holds interests in the La Lora Production Concession (La Lora), which contains the producing Ayoluengo Oilfield in Northern Spain. It holds interests in a combined acreage of approximately 560 square kilometers adjacent to the Ayoluengo Oilfield. more »

LSE Price
3.19p
Change
6.3%
Mkt Cap (£m)
24.9
P/E (fwd)
n/a
Yield (fwd)
n/a



  Is LON:AFC fundamentally strong or weak? Find out More »


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About Hybridan

Hybridan

Hybridan is a corporate broker and PLUS markets corporate advisor specialising in fundraising, research and after-market support for small and micro cap companies. We utilise our market knowledge to provide creative financing solutions and strong after-market support. We build long term durable relationships with companies and investors, for the benefit of both. This long term approach, coupled with a high degree of selectivity, yields investments that outperform the market. more »



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