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Proactive news snapshot: MySQUAR, Live Company Group, Asiamet Resources …

A glance at some of the day's highlights from the Proactive Investors newswire
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Shares in MySQUAR Ltd (LON:MYSQ) shot up again on Monday morning as press speculation continued to drive buying interest. The recent press speculation over the Myanmar-language social media, entertainment and payments platform concerns Tencent Holdings and other regional internet-focused businesses; MySQUAR confirmed it has held discussions in relation to commercial and investment opportunities with various regional participants in its area of business, but said this was only to be expected.

Live Company Group Plc (LON:LVCG), the Lego bricks events organiser, has entered into a six-year contract relating to BRICKLIVE events in Brazil. The contract is with Universal Entretenimento e Produções (UEP) and will see UEP organise, promote and stage each BRICKLIVE event, while Live Company subsidiary Bricklive International (BLI) will source and provide content for the events.

Asiamet Resources Ltd (LON:ARS) has secured a long-term production licence for its Beutong copper project in Indonesia. Drilling will now be undertaken to determine how big the project could become. Asiamet currently holds a 40% stake, but that could move to 80% if certain milestones are passed.

AFC Energy (LON:AFC) has confirmed the successful development and operational validation of its enhanced fuel cell stack and cartridge that incorporates numerous design enhancements initiated over the past 12 months. The AIM listed industrial fuel cell power company said the results achieved to date from operating the fuel cell provide outputs closely matching the results observed from months of extensive computational simulation, therefore providing further confidence in overall performance.

Solo Oil PLC (LON:SOLO) executive chairman Neil Ritson described himself as happy with the planning for the further development of the group’s 25% owned Ntorya gas project, onshore Tanzania.

New research has shown ANGLE PLC’s (LON:AGL OTCQX:ANPCY) liquid biopsy could help provide a breakthrough in the treatment of late-stage prostate cancer For the company’s Parsortix system can be used to measure the expression of androgen receptor splice variant 7, or ARV7 for short.

Obtala Limited (LON:OBT) said it expected the good momentum seen in the fourth quarter of 2017 to result in record annual revenue, with solid contributions from all its divisions - forestry production, timber trading and agriculture.

RNA therapeutics specialist Silence Therapeutics PLC (LON:SLN) has told investors it is well funded as it looks to press ahead in 2018. At the beginning of this month, Silence had £43mln of cash in the bank compared to ‘just’ £29.8mln at the end of June.

Shares in Netscientific PLC (LON:NSCI) bumped higher on Monday morning after its ProAxsis portfolio company received EU approval for its ProteaseTag Active Plasmin Immunoassay. The award of the CE mark means the product conforms with various EU health, safety and environmental standards and is safe for sale within Europe.

Bango plc (LON:BGO), the mobile payments company, has partnered with Netflix to launch carrier billing for Netflix subscriptions in Mexico. It added that trading in 2017 was in line with expectations.

Stop me if you have heard this before but H&T GROUP PLC (LON:HAT) has again raised profits guidance for the year just ended after a strong fourth quarter that was boosted by the strong gold price.

BATM Advanced Communications Limited (LON:BVC) has been awarded a significant contract to supply a cyber-communication technology solution to a government defence department.

Amyrt Pharmaceuticals PLC (LON:AMYT) has inked an exclusive distributor agreement for Lojuxta in Switzerland.

Victoria Oil & Gas plc (LON:VOG), in a statement after Friday’s market close, revealed that an arrangement with one of its gas customers in Cameroon has expired. The company told investors that ENEO Cameroon informed VOG subsidiary Gaz du Cameroun (GDC) that it is not currently in a position to extend a gas supply agreement which expired at the end of 2017, and as such the customer has stopped receiving gas from the company.

Part of the attractiveness of Thor Mining PLC’s (LON:THR) new reserve upgrade is that it allows for the extension of the mine life at the Molyhil tungsten-molybdenum project by 17 to seven years. According to the latest estimate, Molyhil contains 3.5 mln tonnes at 0.29% WO3 and 0.12% molybdenum in probable reserves.

Shanta Gold Ltd (LON:SHG) has now confirmed Luke Leslie in the role of chief financial officer after he took on the role on an interim basis last September. Shanta chief executive Eric Zurrin said that Leslie had already achieved significant cost savings for the company. Leslie is also a long-standing board-member of Kincora Copper (CVE:KCC).

RM Secured Direct Lending PLC (LON:RMDL), the investment trust specialising in secured debt investment said that, in accordance, with its investment policy, it has now closed or entered into binding commitments for investments by its C share portfolio with a total value of £22mln. The firm said of this amount, £15mln has been cash funded with the remainder expected to be drawn down by the end of January.


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