Follow John on:
Small cap movers: Revolution Bars cries viva el government!
A look at some of the major movers this week in the world of small caps
It was a case of Viva La Revolución as Revolution Bars Group PLC (LON:RBG) welcomed the government’s latest lockdown guidelines.
The company, whose brands include Revolución de Cuba, said trading at its bars has been extremely strong since the government allowed bars with outdoor drinking spaces to reopen for business.
The shares rose 20% after the company said it is confident that further pent-up demand exists and that strong trading is anticipated in the months to come as restrictions fall away and it fully opens up its estate.
Proactive weekly mining round-up: Greatland Gold, Kavango Resources, Pembridge Resources.
Some of the weeks mining and exploration stories in a snapshot
Greatland Gold PLC (LON:GGP), a precious and base metals exploration and development company, announced the start of the underground decline access at its Havieron gold-copper joint venture project in Western Australia. This is a momentous step in the development of Havieron as a world-class gold-copper mine,” said Greatland chief executive Shaun Day. “I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.
It was a case of Viva La Revolución as Revolution Bars welcomed the government’s latest lockdown guidelines.
The company, whose brands include Revolución de Cuba, said trading at its bars has been extremely strong since the government allowed bars in England that have outdoor drinking spaces to reopen for business.
The prime minister, Boris Johnson, confirmed on 10 May that restrictions would be eased further on 17 May to allow indoor dining and drinking in England and that the country remains on track for a return to restriction free trading on 21 June.
Revolution Bar shares rose 20% after the company said trading at its bars has been extremely strong since bars with outdoor seating were allowed to reopen on 12 April
Oriole Resources says jv partner IAMGOLD started Year 4 exploration programme at Senala project
Last month, Oriole said it reached an agreement with IAMGOLD over funding the exploration work at Senala after IAMGOLD underspent during Year 3
Oriole Resources PLC (LON:ORR) said its joint venture partner IAMGOLD Corp has started its Year 4 exploration programme at the Senala gold project in Senegal.
The programme will comprise of around 11,000 metres of reverse circulation and diamond drilling at the Faré and Madina Bafé prospects.
Results from the first phase of the exploration programme, focussed on the northernmost Faré prospect, are anticipated in the third quarter of 2021, said the AIM-quoted exploration company.