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Fri, 27th Nov 2015
Crispin Simon, chief executive of Rex Bionics (LON:RXB), says sales of the company’s robotic...
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Fri, 27th Nov 2015
Crispin Simon, chief executive of Rex Bionics (LON:RXB), says sales of the company’s robotic exoskeleton are gaining traction including interest from leading clinics in the United States. He was speaking after clinical trial data showed 19 out of 20 volunteers successfully exercised in the robotic legs and “would like to use the Rex on a weekly basis” as part of their physiotherapy regime. The medical tech firm is selling aggressively with three confirmed sales of its robots in the first half with more sales anticipated in the second half. Simon says the sales pipeline is growing and “eventually we’ll reach a tipping point and we would expect every hospital to have one.”
Sales of Rex Bionics’ robots gaining traction
Thu, 26th Nov 2015
Julian Treger, chief executive officer at Anglo Pacific Group (LON:APF), the royalty company, tells Proactiveinvestors he expects the significant increase in royalty income from the Narribri coal mine witnessed in the third quarter 'to continue going forward'. He also says a much stronger fourth quarter can be expected after the changeouts of the previous quarter.
Anglo Pacific expects even stronger fourth quarter after changeouts
Thu, 26th Nov 2015
Vincent Mascolo, chief executive of IronRidge Resources (LON:IRR) tells Proactiveinvestors by he has been ‘very impressed’ by the high-grade canga-type iron ore discovery at the Tchibanga project. He says he expects to get the first results of the GPR programme the company has undertaken around Christmas time and will update the market early in 2016.
IronRidge Resources ‘very impressed’ by iron ore discovery at Tchibanga
Wed, 25th Nov 2015
88 Energy's (LON:88E) managing director Dave Wall talks to Proactiveinvestors about the recent placing to help finance the purchase of additional acreage in Icewine and acquire seismic data. He explains that the acquisition of a further 174 000 acres in Icewine will help diversify the risk. Wall sees Alaska as a frontier with billions of barrels of oil potentially and says the company is well placed to tap into this opportunity.
88 Energy 'well placed' to capitalise on Alaska's potential
Wed, 25th Nov 2015
Nostra Terra Oil & Gas (LON:NTOG)'s non-executive chairman Ewen Ainsworth tells ProactiveInvestors that in the current low oil price environment the company sees opportunities to buy new producing assets using its own resources to fund future acquisitions. He says the company wants to expand in the regions where it already operates, the US and Egypt, as well as a third focus area currently being determined.
Nostra Terra sees acquisition opportunities in low oil price environment
Tue, 24th Nov 2015
Drug developer Summit Therapeutics (LON:SUMM) is celebrating the success of a phase 2 proof of clinical concept trial for its C. difficile (CDI) treatment, ridinilazole. In the words of Richard Pye, director of Corporate Communications at Summit, the results of the trial exceeded the company’s wildest expectations, as it demonstrated clear superiority over the current standard CDI treatment, vancomycin. One of the key areas in which it excelled was in the prevention of recurrence of the infection. It’s a key milestone for the company that gives them heart as the drug enters the phase 3 trial, which will be a much bigger trial.
Summit's CDI trial results exceed expectations
Mon, 23rd Nov 2015
Tom Becker, chief executive and President of Iofina (LON:IOF), says the iodine producer is still on track to meet its second-half target of 260-300 metric tonnes of output after a magnitude 4.7 earthquake close to its plant in Oklahoma. Iofina’s infrastructure and ability to produce iodine are intact, but the Oklahoma Corporation Commission’s (OCC) decision to reduce brine water, an essential ingredient to Iofina’s operations, will result in a drop in activity. Becker tells Proactive that Iofina and its partners don’t know when the restrictions will be lifted, but will be meeting with the OCC, and remain communicative with investors throughout .
Iofina still confident about H2 targets after Oklahoma quake
Mon, 23rd Nov 2015
Graphite producer StratMin Global Resources (LON:STGR) has taken the old Zanussi “appliance of science” advertising slogan to heart and used some new technology to discover significant additional mineralisation areas at its projects in Madagascar. Brett Boynton, chief executive, thinks the discoveries could be “the beginnings of a new company-maker episode for us”. The focus is very much on extracting the high-grade material to reduce stress on the processing plant. Meanwhile, Boynton gives some background on the improved balance sheet strength of its funding partner Bass Metals, which has left it better able to finance StratMin's plans to accelerate development of a new 12,000 tonnes per annum flake concentrate plant adjacent to the current processing facility.
New technology uncovers potentially
Mon, 23rd Nov 2015
The change of name to Vast Resources (LON:VAST) from African Consolidated Resources at the beginning of the year heralded the transition from an exploration junior to a producing junior, and a diversified one at that. Indeed, given the company's foray into Romania, the old name would have been an anomaly anyway. The company still has gold assets in Zimbabwe and recently achieved first gold pour there at its Pickstone-Peerless mine. Chief executive officer Roy Pitchford acknowledges that a Zimbabwe discount exists and weighs on the company's valuation but asserts that “grade is king”, and with 3.5mln ounces at Pickstone-Peerless, that is “a world class asset in anybody's book”, Pitchford says.
Vast Resources reborn as diversified producer
Mon, 23rd Nov 2015
Alecto Minerals (LON:ALO) has long harboured the desire to operate in Zambia, one of Africa's most stable countries, and now it is poised to do so after acquiring the historic Matala and Dunrobin gold mines for a total possible consideration of just shy of £2mln. “Historic” does not mean mined out, however, as there are a number of targets that have yet to be drilled, while work done by the previous owners will reduce the cost of development, explained Mark Jones, chief executive of Alecto.
Alecto Minerals going for gold in Zambia
Mon, 23rd Nov 2015
Richard Wolanski, finance chief at aircraft leasing company Avation (LON:AVAP), says 2016 will see the firm continuing to build and diversify its aircraft fleet and airline customer base. His comments follow a recent half-year trading update, which predicted higher annual profits despite facing interest payments on loans to expand the business. The company has issued the first US$100mln tranche of a US$500mln global medium term note programme in May 2015 to help it buy new aircraft.
Avation jetting off into next growth phase, says finance chief
Mon, 23rd Nov 2015
Peter Shaw, chief executive of DP Poland (LON:DPP) says its latest store in Wroclaw is showing early promise as it benefits from its location in Western Poland’s largest city. It is also one of the country’s wealthiest cities with a student demographic, that at 100,000 strong, makes up a sixth of the entire population. Shaw tells Proactive the company is poised to take advantage of the student community as the DP Poland brand becomes more recognised with a rollout of the Dominos Pizza franchise that “will be in all major cities in the not too distant future.”
DP Poland’s Shaw on very promising store in wealthy Wroclaw