This week: Cluff glisters, the nickel price is Russh’n ahead for Amur, contracts are a win win for Angel Biotech and Datum International, but delays hold up Ceres Power 

Amur Minerals Corp (LON:AMC) Corporation (AMC 6.62p/ £13.96m)*

The Company announced its interim numbers on 30 September along with a résumé of its progress over the last six months or so. The highlights included the discovery of the two significant new drill targets that could expand the resource at Kun-Manie and also the extension to the exploration licence through to 2012. The cutting of administration costs along with an inflow of funds from a share placing, a sale post the half year end of its illiquid investment in Grafton for $363,000 and an aggressive pursuit of VAT refunds has allowed Amur to embark on a field campaign, that has already borne fruit. 

The upward share price performance has resulted in additional payments being payable under the performance contract entered into with the cornerstone investor that participated in the fund raise in the summer. With the nickel price now at c. $23,500/t (approximately $10.50/lb) increasing the value of its historic resource base and news expected soon on the issue of a mining licence, investors should not be surprised at the recent market interest shown in the Company, as demonstrated by the increase in the daily volume of shares traded.

Angel Biotech (ABH.PL 0.21p / £4.41m) 

Aim listed biopharmaceutical contract manufacturer yesterday announced the signing of a consultancy contract with Materia Medica Holding, a leading pharmaceutical company in Russia.  The contract, valued at circa £100,000, is for regulatory consultancy and brings to a total of 5 contracts for regulatory support signed with Materia Medica. At these prices, and given that most of 2010 budgeted business has been signed and a large proportion of the business budgeted for 2011, Angel is well worth a punt. 

Ceres Power Hldgs (LON:CWR) Holdings (CWR 70.75 pence / £60.97m) 

The listed alternative energy company announced its preliminary results for the year ended 30 June 2010. Ceres is focused on the delivery of its core residential Combined Heat and Power (CHP) programmes, with British Gas continuing to be the Company's main target customer. The timeline for commercialisation of the product has however faced a…

Unlock the rest of this article with a 14 day trial

or Unlock with your email

Already have an account?
Login here