The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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Condor Gold PLC, up 11% at 17.47 pence, 12-month range 15p-38p. The gold exploration company says it has received three formal expressions of interest, including two non-binding offers for the La India open pit, in Nicaragua. The company also expects further offers from another nine companies. Chief Executive Mark Child says: ‘The board is confident that a binding agreement will be reached. Investors will be updated in due course.’ The company added that whilst it is ‘encouraged’ by the sale process to date, there is no guarantee that it will complete the sale of its assets.
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Tern PLC, up 9.4% at 6.84 pence, 12-month range 6p-17.4p. Says Wyld Networks AB has received an approximately SEK9.2 million, around £700,000, purchase order for the Wyld Data service. Tern currently holds 40% of Wyld Networks’ equity. Also confirms that it has no banking relationship, or other financing arrangements, with Silicon Valley Bank UK Ltd. Adds that it does not currently believe that any of its portfolio companies’ exposure to SVB will have a significant impact on the net asset value of Tern.
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AIM - LOSERS
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Tungsten West PLC, down 13% at 8.89p, 12-month range 8.52p-74p. appoints Neil Gawthorpe as chief executive officer with immediate effect. The company says that Gawthorpe joins at a ‘crucial time’ as it prepares to re-launch operations at Hemerdon. It says that early stage work on the Hemerdon restart project began in January and are continuing safely and as planned. ‘Neil’s initial focus will be to conduct a review of the available funding options of the business to ensure the delivery of the Project as outlined in the previously announced feasibility study,’ the company says. Also notes that Francis Johnstone and Grace Stevens have stepped down as non-executive directors.
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