Morses Club PLC (LON:MCL) improved 19% to 48.8p after it said it would release its delayed results for the year to end-February tomorrow.

The results were originally scheduled to be released on August 28.

The consumer finance company added that its half-year results would be released by December 28 at the latest.

3.30pm: Norman Broadbent puts on a spurt after bolstering its balance sheet

Norman Broadbent PLC (LON:NBB), the executive search specialist, jumped 15% to 4.5p after it strengthened its balance sheet with a GBP250,000 six-year loan facility.

The facility has been secured under the British Business Bank’s Coronavirus Business Interruption Loans Scheme (CBILS) from its bankers, Metro Bank.

The facility can be drawn down at any point before January 16, 2021, with a 12-month interest-free period following drawdown, after which an interest rate of 4.75% per annum over Metro Bank‘s base rate on the drawn down amount will apply.

2.35pm: Arkle strikes gold in new vein at the Mine River project

Arkle Resources PLC (LON:ARK) leapt 20% to 1.2p after it discovered a new gold-bearing vein at the Mine River project in Ireland.

“We are delighted with the discovery of a new gold-bearing vein in an area near our Tombreen target which has had little historic exploration,” said chairman John Teeling.

“This discovery is why Arkle continues to believe in the potential of gold in Ireland. Given these results, we intend to quickly move forward with our exploration efforts. Our key priority now is to further test the extent and orientation of the mineralised zone and progress towards a fully funded drilling programme. We look forward to providing further updates to the market as work progresses.”

1.40pm: VR Education finds the market hard to please

VR Education Holdings PLC (LON:VRE), down 9.5% at 12.85p, found the market hard to please as its share fells on news of a product launch.

The virtual reality (VR) company said its showcase experience, Shuttle Commander, will be released on November 30 for all PC based VR platforms including the popular Oculus Rift, Valve Index, Windows Mixed Reality and HTC Vive devices.

Shuttle Commander allows users to take part in the Hubble space telescope missions first hand with accurate recreations of the space missions, landing missions and science missions of the world’s most famous space telescope.

12.45pm: Jaywing falls off its perch as it posts a full-year loss

Jaywing PLC (LON:JWNG) shares fell off their perch, tumbling 11% to 5.25p after it posted a full-year loss.

The UK agency specialising in data science said adjusted underlying earnings (EBITDA) in the year to the end of March were negative on an IFRS16 reporting basis – a loss of GBP158,000 – compared to a profit the year before of GBP2.62mln.

Much of the damage was done in the first half of the financial year when the company made a loss of GBP573,000. Revenues fell to GBP24.04mln from GBP29.85mln but stabilised in the second half of the year.

11.45am: Shoe Zone gets a shoeing as shares change hands

Shoe Zone PLC (LON:SHOE) shares got a shoeing, falling 8.9% to 56p, after fund manager Janus Henderson Group reduced its stake below 5%.

Janus Henderson had previously had a notifiable interest of 7.74% in the footwear flogger.

On the plus side, Chelverton, which previously had no notifiable interest in Shoe Zone, was revealed as a holder of 4.99% of Shoe Zone’s issued share capital.

10.50am: Ironveld slumps after a massive share issue

Ironveld PLC (LON:IRON), down 42% at 0.375p, fell out of a bed with a bump after the company announced plans to raise funds.

The company is looking to raise GBP1mln through the issue of 333.3mln shares at 0.3p a throw.

There is a broker option to raise an additional GBP150,000 if the demand is there, while a further 204.5mln shares will be issued to settle various debts and another 260.3mln shares will be issued to directors in lieu of salaries and fees due.

10.00am: TClarke higher after flagging resilient performance

TClarke PLC (LON:CTO) jumped 12% to 97.8p after it said it continues to trade in line with expectations.

The building services firm is expecting to report 2020 turnover of around GBP240mln and sees earnings (EBIT) for the year at around GBP6mln.

It noted that the company hit its first-quarter earnings margin target of 3% and broke-even in the second quarter, whilst for the second half of the year the figure is expected to reach the targeted 3%.

Actual Experience PLC (LON:ACT), the analytics company, leapt 20% to 90p after it announced a purchase order from one of its channel partners.

The channel partner’s customer is a leading global energy supplier that has signed up for Actual Experience’s recently launched Human Experience Management offering.

Actual Experience said this opportunity represents a significant milestone for the company and will represent the first large-scale deployment of a business impact assessment project.

9.15am: Chesterfield soars as Polymetal buys 22.5% stake

Chesterfield Resources PLC (LON:CHF) shareholders were sitting pretty on Thursday morning as the group’s share price shot up 25% to 13.45p after a mining major agreed to take a strategic stake in the firm.

FTSE 100-listed Polymetal International PLC (LON:POLY) is splashing out GBP2.1mln to acquire a 22.5% stake in Chesterfield, a copper and gold exploration company focussed on Cyprus.

Chesterfield will issue 23.33mln shares to Polymetal at 9p a pop. Chesterfield will raise an additional GBP400,000 by placing 4.44mln shares at the same price.

Atlas Mara Limited (LON:ATMA) was another company benefiting from a cash injection, up 17% at 40 cents,

The sub-Saharan African financial services group has entered into definitive agreements with Belgium’s KCB Group for the sale of the group’s banking assets in Rwanda and Tanzania, subject to regulatory approvals.

KCB will acquire Atlas Mara’s 62.06% shareholding in Banque Populaire du Rwanda for a cash consideration representing about 1.09 times its book value and, all of Atlas Mara’s indirect interests in African Banking Corporation Tanzania for a cash consideration representing around 0.42 times book value.

Proactive news headlines:

IQ-AI Ltd (LON:IQAI) said it’s subsidiary Imaging Biometrics (IB) has released an upgraded version of its IB Clinic software platform. The company said that the new release incorporates multiple new enhancement requests for the platform received from clients, as well as workflow efficiencies engineered by IB’s developers. “Ultimately, this release underscores IB’s commitment to quality and helping clinicians improve care for their patients”, IQ-AI said.

Savannah Resources PLC (LON:SAV) announced that another step has been taken in the environmental impact assessment (EIA) process for its Mina do Barroso lithium project. The company has submitted additional and revised information in response to the anticipated request it received from Agencia Portuguesa do Ambiente (APA), the Portuguese regulatory body. This additional submission further underlines Savannah’s commitment to developing and operating Mina do Barroso in a low impact, responsible and sustainable way that will bring long term social, environmental, economic and demographic benefits to all of the project’s stakeholders and to Portugal, Savannah said.

Norman Broadbent PLC (LON:NBB), the executive search specialist, has strengthened its balance sheet with a GBP250,000 six-year loan facility. The facility has been secured under the British Business Bank’s Coronavirus Business Interruption Loans Scheme (CBILS) from its bankers, Metro Bank. The facility can be drawn down at any point before January 16, 2021, with a 12-month interest-free period following drawdown, after which an interest rate of 4.75% per annum over Metro Bank‘s base rate on the drawn down amount will apply.

Jersey Oil and Gas PLC (LON:JOG) is taking full ownership of Licence P2170, which hosts most of the Verbier discovery and is one part of the Greater Buchan Area (GBA) development project. The company said the deal simplifies licence ownership ahead of the planned GBA farm-out process. It sees Jersey acquire partner CIECO V&C (UK), a joint venture between Japanese firms ITOCHU Corporation and JOGMEC (Japan Oil, Gas and Metals National Corporation). The 12% stake in Licence P2170 is CIECO’s sole asset.

Genel Energy PLC (LON:GENL) has declared ‘first oil’ at the Sarta field, where the company has a 30% stake alongside Chevron. Production has begun at Sarta with first oil flowing from the Sarta-3 well into the Early Production Facility, Genel said. The Sarta-2 well is on track to be completed in December and will come onstream from January. Genel said it continues to expect that the Sarta field will achieve stable production levels during the first quarter of 2021.

US Oil & Gas PLC (USOP) told investors that groundworks are now complete for the Eblana-9 well at the Hot Creek Valley project in Nevada. An access road is complete and the well pad has been constructed, the group said, a rig has been mobilised to site and the well will spud soon. The company noted additionally that a ‘permit to drill’ now been awarded by the Nevada Division of Minerals and a rig contract has been signed.

W Resources PLC (LON:WRES) has highlighted a consolidation of recoveries from its La Parrilla tungsten and tin project in Spain in its fourth quarter to date as a result of ongoing plant improvements at the site. In an update on its fourth-quarter progress, the AIM-listed mining firm said it has achieved record recovery rates in November of 40% tungsten trioxide (WO3) and 53% tin (Sn), while mine grades were “consistently exceeding” 1,050 parts per million (ppm) WO3 and 350ppm Sn, which it said is “significantly greater” than the preceding three quarters.

Vast Resources PLC (LON:VAST) said it has completed the first delivery of concentrate produced from its Baita Plai polymetallic mine in Romania. The delivery follows an announcement on Monday when the company announced the acquisition of the remaining 20% interest in the mine following the passing of a resolution at a general meeting.

Union Jack Oil PLC (LON:UJO) told investors that the final commissioning of the Wressle oil field, in near Scunthorpe, Lincolnshire, has been deferred to January. It comes amidst anticipated supply chain disruption including ongoing coronavirus pandemic related restrictions and the upcoming festive holidays. In a statement, Union Jack said Wressle is at an advanced stage with site reconfiguration works completed and the installation of surface facilities currently ongoing.

AEX Gold Inc. (LON:AEXG) (CVE: AEX), an independent gold company with a portfolio of gold licences in Greenland, said it has appointed Rothschild & Co as its retained financial advisor to support the company as it progresses the development of its asset portfolio. Eldur Olafsson, CEO of AEX, commented: “We are delighted to be have secured the services of Rothschild & Co as strategic advisors to the Company. This important relationship, with an advisory house of Rothschild’s calibre and outstanding track record, provides further validation of our business and our potential to create significant value for AEX’s stakeholders.”

Remote Monitored Systems PLC (LON:RMS) said commercial production of anti-viral masks at its Pharm 2 Farm (P2F) subsidiary is expected to start in January 2021. The company received notification yesterday that the production machinery is expected to undergo final acceptance testing in mid-December at the manufacturer’s premises in Spain. It will then be shipped, installed and commissioned at P2F’s Biocity premises in Nottingham.

Impax Asset Management Group PLC (LON:IEM) said it expects to announce its results for the year ended September 30, 2020, on Thursday, December 3, 2020. There will be a meeting and conference call for analysts on the day of the results at 8.30am. A copy of the presentation will be made available on the company’s website from 7.30am on December 3, 2020.

Tharisa PLC (LON:THS) said it will be announcing its results for the year ended September 30, 2020 on Monday, November 30, 2020. The results will be presented at 10.30am (Johannesburg Time) (8.30am London Time) via conference call. Web dial-in:; Phone: South Africa +27 87 2500 455; United Kingdom +44 203 984 9844; USA +1 718 866 4614; Germany +49 30 25 555 323; France +33 1758 50 878; Sweden +46 10 551 30 20; Participant code: 553426.

IronRidge Resources Limited (LON:IRR,) confirmed that all resolutions put to shareholders were duly passed by a show of hands at the company’s Annual General Meeting, held on November 26, 2020, in Brisbane, Australia.

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