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Small caps round-up: Zirax, Sabien Technology, Eredene Capital...

Mon, 10th Aug 2009 09:56

Speciality chemical company Zirax said it has won the contract to supply 20,000 metric tonnes of calcium chloride based de-icers to Moscow City Council for its 2009/10 winter season.This particular contract, worth $4.0m, is principally comprised of Zirax's de-icing product IceMelt. It means Zirax will supply its de-icing products to Moscow for a seventh consecutive year. "Moscow City Council remains an important account for Zirax and we are delighted that the municipal has again chosen us to supply them with our value added de-icers," said chief executive Fenlon Dunphy.Energy efficiency technology specialist Sabien Technology has entered agreements to supply its M2G technology, which reduces the energy required for heating, to outsource group Serco and Semplice Energy, part of British Gas.Eredene Capital, the AIM quoted investor in Indian infrastructure developments, has conditionally raised about £7.1m by way of a placing. The group said the proceeds will be used to seed a private development fund to be managed by Eredene to invest in new infrastructure projects in India.Synchronica, the AIM listed mobile email and data synchronisation provider, has received a purchase order for $248,000 from a second North-African mobile operator for an initial 70,000 user license of its mobile email product Mobile Gateway. The government of Liberia has granted Mano River its Class 'A' 25-year mining licence within the Bea Mineral Development Agreement (MDA)."This represents another positive step forward towards commercial production from Liberia's first ever hard rock gold mine," said President and CEO Luis da Silva.A bankable feasibility study for an underground mine targeting 100,000 ounces a year is due for completion by the end of 2010.Alternative energy Enova Systems has delivered the first 70 pre-transmission hybrid drive systems to Chinese firm First Auto Works. An additional 150 hybrid drive systems are scheduled for delivery in 2009 and a deal has been struck to supply 800 pre-transmission hybrid drive systems next year. Atlantic Coal, which mines for the fuel in the US state of Pennsylvania, has raised £280,000 via a placing of 42.75m shares at 0.66p each. The firm later announced that it last week bought 6.84m shares in Strategic Natural Resources at 8.24p a share and is mulling a 15p a share offer for the southern Africa-focused coal miner.Oil and gas engineering business Plexus is to build a new assembly and test facility at its premises in Dyce, Aberdeen for £500,000.It says the new facility will allow for more efficient handling, assembly and testing of its 'high pressure/high temperature' wellhead systems.'Oil and gas firm Providence Resources said Eni has farmed into Frontier Exploration Licence 3/04. Under the terms of the farm-in agreement, Eni will assume a 40% interest in the Dunquin licence with ExxonMobil Exploration and Production Ireland (Offshore) Limited holding a 40% operated stake, whilst Providence and Sosina will retain 16% and 4% equity positions, respectively.
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4 Jan 2011 11:50

Small caps round-up: Quadnetics, Atlantic Coal, Westhouse

Surveillance and security technology supplier Quadnetics Group has acquired battlefield technology specialist Persides Technology for £260,000. The acquisition of Persides, an existing partner to Quadnetics' defence business, is expected to enable the group to retain greater margins on sales of it

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27 Sep 2010 18:32

Small cap round-up: International Ferro, Norseman Gold, Atlantic Coal...

International Ferro Metals increased its sales of ferrochrome by 87% to 190,432 tonnes in the year to June 2010. Revenues grew from Rand782,000 to Rand1.43m. IFM returned to profit in the second half but lost Rand157,000 in the year to June 2010, down from a Rand456,000 loss the year before. A ne

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13 Apr 2010 15:02

Atlantic Coal in supply agreement

Open cast coal miner Atlantic Coal has signed a memorandum of understanding (MoU) with private US coal marketing company Xcoal Energy and Resources. Under the terms of the agreement Xcoal will take 150,000 tons of premium anthracite per year or half of the annual anthracite coal production at Atla

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12 Nov 2009 14:32

Small caps round-up: Syntopix, Atlantic Coal, Brady...

Drug developer Syntopix shares rallied as it reported positive phase 2 results for its lead dermatological compound SYN0126, for the treatment of acneic skin. Following the results, Syntopix has decided to focus its development efforts around three specific core compounds: SYN0126, SYN1113 and SYN

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29 Oct 2009 15:49

Strategic Natural still in bid talks with Absolute

South African mining company Strategic Natural Resources has notched up its first revenues, raking in £72,000 in the six months to 31 August 2009. It posted a pre-tax loss, however, of £0.14m, after making a pre-tax profit of £4.12m a year earlier when the company banked a £4.31m gain on the sale

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10 Aug 2009 15:20

Sector movers: Miners retreat

Mining stocks fall back, including Rio Tinto, which was accused by China of overcharging the country's iron mills by over $100bn over the past six years. The allegations were published by the National Administration for the Protection of State Secrets, which claimed Rio Tinto had spied on Chinese s

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1 Jul 2009 06:45

Wednesday tips round-up: BG, Carpetright, Reed Elsevier

BG is regarded as a perennial bid target, but it is the growth prospects of the group in Australian LNG, its assets in offshore Brazil and now US shale gas that are the real reasons to own the shares. The shares are trading on a December 2009 earnings multiple of 14.3 times, falling to 12.6 in 201

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30 Jun 2009 09:00

Small caps round-up: MediaZest, Reneuron, Atlantic Coal...

Display advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt

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28 May 2009 09:02

Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

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22 May 2009 09:09

Small caps round-up: Advanced Power, Rockhopper, Omega Insurance...

Electronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen

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