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The FTSE Small Caps Index closes flat, underperforming a 0.9 percent rise on the blue-chip FTSE 100 index and a 1.3 percent advance on the FTSE 250 mid-cap index. Energy and mining group Sunkar Resources jumps up 18.8 percent after announcing a new contract in Kazakhstan, with an estimated
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Gold and copper exploration company KEFI Minerals pleased investors after it said tests on a site in Saudi Arabia confirmed the presence of high grade gold and silver over substantial widths and strike lengths. It said diamond drilling would begin at the Jibal Qutman Licence in the current quarter.
Read moreFrontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m d
Read moreFerrex, an iron ore and manganese development company, has received approval from the Department of Mineral Resources of South Africa to take control of Umbono Minerals Holdings, which holds exploration rights over the Leinster Manganese Project in the Northern Cape Province, South Africa. According
Read moreOil and gas exploration firm, Sirius Petroleum, recorded a big jump in losses but news of potential oil field targets buoyed shares. The company posted losses of $10.3m in the six months to the end of June, giving a loss per share of 1.63c. Sirius' figures showed a loss of $828,000 in the first fi
Read moreUS-focused oil and gas group Nighthawk has secured a £25m equity finance facility "to continue the development of the company's asset base." Chain-maker Renold has continued to see strong sales. "The strengthening order book gives good confidence for the third quarter," it said. "While visibil
Read moreSirius Petroleum has raised £1.1m through a placing at 6p to cover the costs of due diligence on an as yet unnamed acquisition target and to provide working capital. The fund raising is part of Sirus's strategy to neter joint venture partnerships on marginal fields. Shares in Catalyst Media jumped
Read moreFood technology group Provexis says it has been told that the European Commission review into the health claim wording for its Fruitflow anti-thrombatic technology for use on consumer products is now in "an advanced stage". Puricore's third quarter sales rose 25% to $10.8m, with the nine month tot
Read moreSirius Petroleum is at its highest in 3½ years on news that directors have bought £300,000 of shares in the AIM-listed oil company. Mike Hirschfield, former group finance executive of Lupus Capital, snapped up 3.1m shares at 5p each, costing him £155,000. Fellow director Toby Hayward shelled out £
Read moreSirius Petroleum has been guaranteed at least $80m of debt funding by London-based Capital Investment Office for its first marginal oil field project. 'We now have a substantial funding line which will enable us to execute our first asset deal in line with our strategy to create shareholder value
Read moreThree of the senior directors at film maker and distributor Entertainment One have built on their holdings following an upbeat trading statement yesterday. Darren Throop, chief executive, purchased 300,000 shares at 21.5p per share, boosting his total holding to 4.5m shares or 3.47%. Giles Willits
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