See Today's AIM Risers Featuring Infrastrata Rising After Project Equity Funding Offer
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Infrastrata rises 26% to 1.325p a share
announced A further Project equity funding offer was presented to the Company during the week commencing 17 December 2018.
John Wood, Chief Executive Officer commented: “With a new offer being presented to us last week we have considered our position and it is our duty to fully evaluate this offer as it may add value for our shareholders over and above the other offers on the table; this bodes well for our future endeavours.”
He added “We are extremely encouraged that several credible investors remain in advanced negotiations with us, demonstrating the quality of our initial Project and the level of preparedness of InfraStrata to progress”
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Yu Group rises 17% to 87.5p a share
has faced increased attention and trading volumes, which have pushed up prices in the company.
In October it found a multi-million pound black hole in its accounts, prompting the launch of an independent review which found weaknesses in internal systems and controls.
It said profits would be hit by a further £2.8 to £3.3 million in addition to the £10 million originally expected.
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MX Oil rises 25% to 0.075p a share
shares rise after increased trading volumes. It raised £1m in October and updated its operations on the OML 113 license and Aje field project.
It made cost estimates indicating future gas development could be substantially lower than originally estimated - At a development cost of US$ 545 million, the NPV10 could be US$ 50 million, net to the Company - a 78% increase in the Company's base NPV assumption.
It produces 3,300 bopd, with 165 bopd net to MXO, it also updated that discussions are underway with potential financing partners for MXO’s 6.67% interest in phase 2 development.
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Footasylum rises 14% to 29.5p a share
trading volumes increased pushing up prices to almost 30p a share.
The company is a UK-based lifestyle fashion retailer, focused on bringing to market footwear and apparel collections predominantly aimed at 16 to 24 year old fashion-conscious customers.
Shares fell in October after it reported an interim loss and a slowdown in the opening of new shops less than a year after floating with the promise of rapid expansion.
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