Condor Gold Share News (CNR)

Mongolia-focused oil explorer Petro Matad is raising $46.8m from a share issue at 135p ($2.08) a share. The cash will be used to accelerate its drilling programme to four wells, invest in further seismic data and investigate additional exploration activities in Mongolia. The European Bank for Reconstruction and Development has the right to subscribe for shares at the same price so that it can maintain its stake in Petro Matad at 18.46%. This right expires on 11 October. South east Asia-focused property investor and developer JSM Indochina says that it is distributing $0.15 a share in cash to shareholders. This follows a $0.25 a share distribution in April. AIM-quoted JSM's net asset value is $0.65 a share but that will fall to $0.50 a share after the cash payment. JSM lost $20.7m in the first half of 2010. The loss includes a write-down in property values of $5.76m and a $7.1m "impairment loss of cash pledged with banks".AIM-quoted recruitment services provider Work Group, where Jon Moulton has a 17.85% stake, swung from an underlying loss of £20,000 to a profit of £240,000. This excludes exceptional costs for redundancies and office relocations which fell from £559,000 to £380,000. There was net cash of £1.11m at the end of June 2010. Net fee income edged up from £5.79m to £6.01m. There was a mixed picture for the business. Talent management increased its net fee income from £2.51m to £3.39m, while its operating profit was nine times higher at £1.08m. The revenues of the communications division fell and it slumped into loss. AIM-quoted Condor Resources believes that the El Savador government's award of the Strategic Environmental Evaluation of the Metallic Mining Sector of El Salvador (EAE) to Tau Consultora Ambiental of Spain is good news. The EAE will advise on how mining should be conducted and lead to amendments in the mining law and the issue of permits. The report should be completed within six months. Condor has been exploring in El Savador for six years and has a JORC compliant resource of 747,000 ounces of gold and 22.4m ounces of silver. Aerospace tools engineer Hampson Industries has been awarded a new contract worth $53 million. With that contract, the gross and net book-to-bill ratios for the year to date now stand at 149% and 123%, respectively.Pursuit Dynamics has set up a joint venture with the UK's National Nuclear Laboratory to develop, produce and market products for the global nuclear market. There will be no up front costs to PDX in establishing the joint venture and the company expects that revenues will materialise within the first 18 months.Property consultant Colliers' revenues rose 12% to £30.3m (2009: 27.1m) in the half year to June, with pre-tax losses cut to £5.14m (2009: £11.84m). "We remain encouraged by our prospects for the rest of the year. We anticipate that the increasing revenues we are seeing will be translated into much improved results in the second half," Colliers said.Insurer Gable posted interim profits of £1.25m £0.78m. "The strong performance experienced in the first half of the year has continued into the second half of the year. In particular UK construction premium is well ahead of performance last year and the French business goes from strength to strength," it added.