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Small caps round-up: Real Good Food, Griffin Mining, Probability...

Tue, 26th Jan 2010 08:08

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy.The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by home baking coming back into fashion, according to Real Good Food. Griffin Mining is at a two-month high after it was granted a new 16-year mining licence to dig below the 1300 level at its Caijiaying zinc-gold mine in China. 'Although a long time in the coming, the issue of the new mining licence at Caijiaying is very welcome as it allows the mining of Caijiaying to be guaranteed for the currently known mine life at zone III at a production level optimized by the company,' said chairman Mladen Ninkov. Mobile gaming software specialist Probability is trading in line with expectations following a 'very encouraging' December that saw record bets taken and net gaming revenues 30% higher than November.Net gaming revenue actually fell 8% in the third quarter to £1.14m as players cashed in their winnings in November to pay for Christmas.'We anticipate that Probability may become cash generative again as early as the Spring and we look forward with confidence to profitable future growth from the excellent prospects in our marketplace,' said boss Charles Cohen.Cashpoint advertising specialist i-design Group has seen a steady start to the new financial year after growing revenues by 14% in the year to September 2009. Last year saw an 81% increase in media sales on the back of a much larger estate of cash machines, and the board expects media sales revenues to increase again this year. Rambler Metals climbed after the gold miner said it would be investigating the resource potential of a new gold facility it has acquired in Newfoundland, Canada.Also in mining, Metals Exploration shares ticked up after the Pacific Rim-focused natural resources explorer and developer said it expects to receive an updated resource estimate for its Runruno gold and molybdenum project on the Philippine island of Luzon.Ultimate Finance, the AIM-quoted factoring, invoice discounting and financial solutions provider, says results for the six months to December are in line to meet market expectations for the full year. "Trading has been good, with demand for the company's services remaining strong. The quality of enquiries seen by the company has increased, and as such, so has the quality of the business written," it says.David Liddell has resigned as stockbroker Panmure Gordon's Chief Financial Officer, with effect from 31 March 2010, to pursue other business interests. The board will commence a formal process to appoint a new Chief Financial Officer. Liddell has been with Panmure Gordon since May 2005. Software solutions provider Corero said results for the financial year ended 31 December were in line with expectations and showed an improvement over those for 2008.Trading profit, subject to audit, is expected to be in excess of £300,000, reversing the declared trading loss for the six month period ended 30 June 2009 of £180,000. Shares in Eleco dropped after the construction components and software group said it expects to report an operating loss for the first half.600 Group said conditions in certain of its markets remained difficult during the period from 27 September to 25 January but added that positive signs of recovery continued within its machine tools and laser markets, particularly in North America.
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IN BRIEF: Rambler Metals and Mining starts proceedings under CCAA

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27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

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20 Feb 2023 18:26

Rambler Metals & Financing says financial position "uncertain"

(Alliance News) - Rambler Metals & Mining PLC on Monday said its financial position was uncertain as it faced the possibility of default payments in relation to a contract with Sandstorm.

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20 Feb 2023 13:34

Rambler defaults on gold repurchase agreement with Sandstorm

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Rambler Metals pauses mine operations as it discusses finances

(Sharecast News) - Copper and gold explorer, developer and producer Rambler Metals updated the market on its progress on financing and the status of its operations on Friday.

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17 Feb 2023 10:59

IN BRIEF: Rambler Metals pauses operations amid finance uncertainty

Rambler Metals & Mining PLC - Richmond, England-based, Canada-focused mining and development company - Pauses operations pending the delivery of "key supplies" to its Ming copper-gold mine. The mine is a fully operational base and precious metals processing facility on the Baie Verte peninsula in Canada. Says all operations will stop on Friday. Plans to recommence operations on or before Friday next week. Says the mine will be "fully maintained" through this period. Notes that the decision was made as its continues with discussions around its financial restructuring.

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10 Feb 2023 11:45

Rambler Metals' financial position precarious on gold sale default

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18 Jan 2023 21:58

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15 Nov 2022 13:41

Rambler takes forward sale position on copper tonnage

(Sharecast News) - Copper and gold developer and producer Rambler Metals has taken a forward sale position on a large tonnage of copper, it announced on Tuesday.

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