Argos Resources Ltd launches rockets after license extension


Argos Resources Ltd (LSE:ARG) jumped 23% to 2.4p after learning that the Falkland Islands government had extended its PL001 license for the second term.

The Falkland Islands-based explorer will not need to engage in any additional work to obtain the license between May 1, 2022 and the end of the year.

Its shares have soared 92% since the start of 2022.

1:34 p.m.: Dekel Agri-Vision collapses on disappointing March crude palm oil production

Dekel Agri-Vision plc (AIM:DKL) fell 10% after providing a disappointing update to its crude palm oil (CPO) production levels in March.

Côte d’Ivoire’s peak season, which usually peaks in March, had yet to begin, resulting in CPO production 50.5% lower than the same month last year.

The West African Agricultural Society also said it expected its April levels to be similar to this month.

Although high prices and “excellent” CPO mining rates meant that Q1 revenue this year remained ahead of Q1 2021.

12:34 p.m.: Induction Healthcare surges after strong recurring revenue

Induction Healthcare Group PLC (AIM:INHC) jumped 24% to 54p as its Attend Anywhere video platform sees strong recurring revenue.

The technology allows patients to conduct consultations with doctors from anywhere, with 94% of its existing contracts with NHS England being renewed or extended.

This translates to annual recurring revenue of £6.6m in the coming financial year.

New contracts are also locked in for up to three years instead of one, with the majority of renewals committing to at least two years, giving an overall contract value of £10.9million.

11:36 am: Bluejay Mining sinks on revised Greeland targets

Bluejay Mining PLC fell 16% after revising its field program forecast at the Disko-Nuussuaq project in Greenland.

The joint venture (JV) with Nikkeli Greenland A/S, which was created by Bluejay and its JV partner KoBold Metals, has been reassessed with the aim of doubling modern data collection and analysis for all targets.

The AIM, FSE and OTCQB listed explorer and developer also intends to start diamond drilling in 2023.

This additional work will allow the joint venture to determine the best drill targets at Disko, he said.

10:35 am: Scancell explodes as it recruits patients for cancer trial

Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF) soared 30% to 13.9p after it began recruiting for its Modi-1 cancer trial, which plans to open up to 20 sites.

The study is a first-in-man clinical trial in patients with triple-negative breast cancer, ovarian cancer, head and neck cancer, and cervical cancer. kidney.

Modi-1 will be given alone and in combination with checkpoint inhibitors (CPIs) in patients for whom CPI is the standard of care.

As previously announced, the company expects the first safety and immunogenicity data to be available in the second half of this year, with potential efficacy data to follow in 2023.

9:05 am: Amigo arises after a positive response from the FCA

Amigo Holdings PLC (LSE:AMGO) climbed 27% to 5.79p after updating schemes of arrangement to repair historical loan claims.

The Financial Conduct Authority (FCA) has indicated that it believes there has been a significant improvement in the fairness of the various schemes the loan guarantor is preparing.

“Significant hurdles remain to be overcome, including the need for significantly dilutive equity issuance, to recapitalize the ongoing business given regimes’ requirements to transfer virtually all existing assets to creditors in relief,” warned Gary Jennison, the general manager. Amigo officer.

Quadrise Fuels International PLC (AIM:QFI) jumped 22% to 2.4p on announcing a business development with Valkor Technologies.

As part of the first phase of the commercial development agreement, Valkor will deliver to Quadrise a sample of crude oil from a heavy oil asset in Utah in which it has an existing interest. Quadrise will perform analysis and testing on the sample to confirm that it is suitable for production of the company’s MSAR and bioMSAR formulation.

The two companies will negotiate supply agreements with identified target consumers of MSAR and bioMSAR fuel to be produced by the main project.

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