Gresham Share News (GHT)

Miner Amur Minerals shifted higher Thursday after confirming an "exciting" new drill target in Far East Russia - the Gorney target - previously indicated by geochemical sampling. "Results from two wild cat drill holes have defined the potential to expand upon mineral resources at its Kun-Manie nickel copper sulphide licence," read a statement. Chief executive Robin Young said confirmation trenching and subsequent drilling could add "substantially" to the global resource and improve the projected economics of the project.Australian coking coal producer Caledon Resources still expects at least 700,000 tonnes of saleable production from its Cook mine in 2010 despite a 14% drop in the first quarter. The group, which this week agreed in principle to merge with Polo Resources, said it has agreed prices for Cook in the mid to high US$180's per tonne for the April to June period. Structural steel supplier Severfield-Rowen said it is trading in line with expectations with all group companies operating at their new 2010 levels of capacity. "The company remains well positioned for the challenging market conditions through 2010 in the UK, and is prepared and looks forward to growth through its joint venture in India," the group said.Shopfitter and point of sale printing group Havelock Europa tumbled into the red in 2009, with an underlying pre-tax loss of £2m versus a profit of £8m the year before. Revenue fell by 21% to £108.5m. Though the company expects to incur a number of one off costs this year relating to its refinancing and restructuring, the board believes "there should be a significant improvement in the group's trading" in 2010.Good progress with the acquisition of logistics group TDG helped investment holding group DouglasBay swing into the black in 2009. Sales jumped to £662m from £176m, with profit coming in at £4.1m from a loss of £7.3m. Operating profits were £22.5m against £10.3m."TDG is now far better positioned to take advantage of improving economic conditions and slowly recovering trading volumes, with the full benefit of the cost reductions implemented during 2009. Our priorities for 2010 are clear - to continue to grow TDG, further deleverage the Company to create value for shareholders and raise funds to apply our expertise to new investments," Alex Paiusco, chief executive, commented.Oil group Egdon Resources' production rose 40% to 11,283 barrels of oil from Keddington, Avington and Kirklington in the half year to January. Profit rose 12% to £0.15m with turnover up 63% to £0.5m. "With the assimilation of the acquired EnCore assets following completion during the next few months, Egdon will look to rationalise its enlarged portfolio to concentrate on those projects with the highest potential, lowest risk and those that best achieve our strategic objectives," it said.Industrial equipment auctioneer Go-Industry cut losses sharply last year and made a profit in the second half as demand for second-hand machinery improved with the economy. Gross asset sales (GAS) totalled £116m (2008: £115m) with online sales accounting for 70% of GAS (2008: 59%). Looses fell to £4.67m from £28.8m. The group plans a one into 100 share consolidation.Gresham Computing posted a loss of£7.4m on sales of £9.9m (2008: £13.9m) in 2009. The software group made a trading loss of £2.4m full year (2008: £0.4m loss) but with a much improved H2 2009 and Q1 2010. Andrew Walton-Green has stepped down as chief executive, with finance director Chris Errington taking over in the interim."Despite signs that trading conditions in our chosen markets are improving, like many companies in our position, we remain cautious as to outlook. We have modified our business plan in anticipation of a relatively slow recovery from economic recession," he said. Diamond resource company Namakwa Diamonds said revenuee in the six months to end-February 2010 soared to $36.18m from $7.84m the year before, helped by the upward trend in the price of diamonds.Earnings before interest, tax, depreciation and amortisation remained negative, however, at $7.39m, versus a loss of $15.66m the year before. "The long-term supply / demand outlook for the diamond industry is exceptionally positive and we are increasingly optimistic about the effect this will have on improving the company's profitability and future growth plans," said chief executive officer Nico Kruger.