MOVERS OF FRIDAY 29 JANUARY 2021
Shares rose 5.11% to 391 pence with the last appointment to the board of directors
The clinical-stage biotherapeutic company announced the appointment of Bharatt Chowrira, Ph.D., JD, as the Group’s Executive Director to its Board of Directors.
The company was pleased that Dr. Chowrira has served as PureTech’s President and Chief of Business and Strategy since March 2017 and will continue to serve as Executive Director of the company. The appointment of Dr. Chowrira comes into effect on February 1, 2021.
“PureTech is making remarkable advances in the clinic as we pioneered potentially transformative therapies for patients with devastating diseases,” said Dr. Chowrira.
“I am pleased to join the distinguished members of our Board of Directors in realizing our vision of bringing science to life through innovative solutions to serious public health challenges.”
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Shares rise 24.88% to 7.97 pence after EEA renewal
Shares in the Africa-focused independent exploration and production company have more than doubled in the past few days after it was announced that New Age, operator of the Etinde license, had formalized approval to apply for a new Etinde Exploitation Agreement (EEA). had received.
The agreement was reached after talks with the Cameroonian government representative, Société Nationale des Hydrocarbures, the national oil and gas company of the Republic of Cameroon, and will replace the existing EEA which came into force in 2015.
The permit was given on the basis that the EEA will produce hydrocarbons including the supply of gas to thermal power plants or other government approved projects.
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Shares rose 23.79% to 1.275 pence as the plateau resource surge was announced
The gold and base metal exploration company announced that its Plateau gold deposit in Queensland, Australia exceeded a JORC (2012) mineral resource of 200,000 ounces of gold.
Overall, this represents a 515% increase in gold ounces since the company’s first JORC (2012) Mineral Resource, previously reported in July 2019, Rockfire told investors.
Rockfire plans to drill additional shallow holes in the top 100 meters from surface to fill and expand the near-surface gold. Deep drilling on the plateau is not expected until a gravity survey planned for April 2021 has been completed to confirm a target at depths over 500 m.
The cost of discovery based on the most recent drilling and mineral resources is approximately £ 6 / ounce gold. The group affirms that it is a prudent and consistent, low-cost explorer.
Commenting on the news, David Price, CEO of Rockfire Resources, “This outstanding resource upgrade demonstrates the quality of the plateau asset. I am particularly pleased that we have described near surface gold at an average grade of 1.2 g / t Au.
This represents real potential for Rockfire to achieve its goal of short term open gold production as the deposit continues to expand through further exploration. ”
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Shares rose 22.73% to 5.4p as investors learned of the group’s diamond drilling program
The diversified metals and minerals producer announced an update on the progress of the second hole in the Phase 1 diamond drilling program on the Racecourse Mineral Resource of the Bushranger Porphyry Copper-Gold Exploration Project in Australia.
The drilling continued to a depth of 492.5 meters after traversing the outer layers of the porphyry alteration system and entering the central potassium alteration zone at approximately 450 meters.
“The current hole is a significant step more than 300 meters from the previous Xtract hole and 200 meters from any historic hole. It has passed through a wide outer alteration zone typical of such porphyry-style deposits as it moves mineralized system approaching the core of the hole.
“We are encouraged by the extent of the zone of change and mineralization observed over the last 150 meters of the hole, with sporadic mineralization for a long period of time,” said Colin Bird, Executive Chairman of Xtract Resources, to investors.
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Shares fell 4.50% to 344.2p as travel and tourism stocks continue to feel the effects of the lockdown
Last week, the head of the International Air Transport Association (IATA), the trade association for the world’s airlines, stated that the world’s airlines would need an additional $ 70 billion to $ 80 billion in government support to help deal with the crisis caused by the coronavirus pandemic deal with.
A sharp decline in the multinational travel and tourism company reflects the recent strain on airline and travel stocks, while the stock itself has more than halved since the start of the year.
Although the stock is well below its pre-pandemic value, the FTSE 250 company’s shares are still up over 35% since early November 2020.
At the beginning of this month, TUI boss Fritz Joussen informed the shareholders that the group was “fundamentally solid” and would resume “profitable operations” as soon as the travel restrictions were lifted.
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