Anglo African Agriculture cruises higher on Mombasa port decision


Anglo African Agriculture PLC (LON:AAAP) cruised 24% higher to 0.44p after it received consent to designate its Mombasa facility as a private port.

Technically, it is the Comarco group that owns the facility but Anglo African is in the process of acquiring Camarco.

Comarco Group has obtained the consent of the Kenya Revenue Authority to gazette its Mombasa port area as an entry and export area for customs purposes by the Commissioner of Customs and Border.

9.30am: Surprise development in India as bureaucracy delays Panthera court case

Gold explorer Panthera Resources PLC (LON:PAT) plunged 20% to 11.1p after it revealed a lack of progress on a court case in India.

In September of last year, the Government of Rajasthan decided to reject the prospecting licence application filed by the company’s joint venture partner.

The joint venture’s response was to lodge a writ petition which was due to be heard yesterday but as it did not reach the roster before the court session ended the matter will now be rescheduled by the court.

Shares in Elegant Hotels Group PLC (LON:EHG) sank 6.3% to 67.5p after it revealed its management contract for the Hodges Bay Resort & Spa in Antigua is to be terminated.

On the plus side, the US$1.5mln the company has lent to the Hodges Bay management team now becomes immediately repayable.

Elegant Hotels is also owed US$200,000 in unpaid technical service fees.

Proactive news headlines:

ClearStar Inc (LON:CLSU) shined on Tuesday as it recorded its highest-ever six-month revenues in the first half of 2019, with medical information services once again being the primary growth driver.

Ceres Power Holdings PLC (LON:CWR) expects results for the financial year just ended will be ahead of market expectations.

The number of women who have become pregnant after using Concepta PLC’s (LON:CPT) myLotus fertility test is now in double figures, with the first births expected later this year.

IQ-AI Limited (LON:IQAI) said its Imaging Biometrics (IB) arm is continuing to develop products that reduce and ultimately eliminate gadolinium-based contrast agents in medical imaging. Its race to find alternatives appears to be a well-timed one given the latest welter of clinical evidence linking these gadolinium products with a host of conditions.

Synnovia PLC (LON:SYN) reported record sales growth but adjusted profits were just above flat as the plastic components and film packaging specialist invested for growth.

Acquisitive telecoms and information technology services provider AdEPT Technology Group PLC (LON:ADT) has made a steady start to the new financial year.

Big data group Rosslyn Data Technologies PLC (LON:RDT) has won contracts with two multi-national companies worth more than GBP0.6mln.

Collagen Solutions PLC (LON:COS) reiterated it is well set financially and can see a runway to profitability following its GBP6mln fundraise last month. The comments were made alongside full-year results, which charted 12 months of significant progress, but also announced the retirement of chairman David Evans, who has a muscle wasting disease.

Big data group Rosslyn Data Technologies PLC (LON:RDT) has won contracts with two multi-national companies worth more than GBP0.6mln.

Genedrive PLC (LON:GDR) “remains confident” that the World Health Organisation will ‘pre-qualify’ its HCV ID hepatitis C test within the next few months, despite some delays to the clinical trial.

Chariot Oil & Gas Limited (LON: CHAR) chief executive Larry Bottomley has highlighted that the Anchois gas discovery, part of the Lixus licence, is expected to deliver strong returns and significant cash flow. The Chariot boss, in a statement ahead of today’s AGM, noted that Anchois may host one trillion cubic feet of gas resources which makes it a strategically important indigenous source of gas for Morocco.

Base Resources Ltd (ASX:BSE) (LON:BSE) has completed the transition of mining operations to the South Dune orebody at its Kwale operations in Kenya.

Benchmark Holdings PLC‘s (LON:BMK) has announced that Mark Plampin will step down from his current role as chief financial officer to pursue other opportunities.

After some delay, Regency Mines PLC (LON:RGM) has managed to secure an investment into its US coal business, Mining Equity Trust. Following the US$750,000 investment into MET by investment company Carraigbarre Capital Ltd, Regency will hold a 25.84% stake in MET.

Five EQTEC PLC (LON:EQT) directors have agreed cash reductions to their remuneration to subscribe for new shares in the firm.

IronRidge Resources Limited (LON:IRR), the African-focused minerals exploration company, announced that Tetsunosuke Miyawaki will succeed Ken Tsubaki as a non-executive director with immediate effect. The group noted that Miyawaki, who has to date acted as the alternate director for Tsubaki, formally joins the board as part of the company’s strategic alliance with Sumitomo Corporation, the Japan-based global conglomerate which has a 10.2% interest in IronRidge.

Greencoat UK Wind PLC (LON:UKW) announced that Daniel Badger has tendered his resignation as a non-executive cirector of the company with effect from 31 July 219.

Bluebird Merchant Ventures (LON:BMV), the Korean-focused gold development group, announced that its chief executive officer Colin Patterson bought 65,000 shares on market at 1.94p each on 5 July 2019 and a further 65,000 shares on market at 1.89p each on 8 July 2019 through Kensington Trust Singapore Limited, with whom he is associated.

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