With Touchstone nearing profitable production, has the market missed the significance of today’s news (TXP)

This morning, Touchstone Exploration (LSE:TXP) announced its latest production figures.  In its most recent 7-day period the company produced 1,821bopd and, in the words of CEO Paul Baay, is now “well positioned to exceed its 2,000/bopd goal for the year”. Despite this positive upgrade, Touchstone’s shares have been through a period of consolidation, with the…

Majority of Beaufort clients spared insolvency bill following committee action

Most former clients of Beaufort Securities will not make a loss from the broker’s collapse following a meeting between creditors and court-appointed administrator PwC last week. PwC and the Financial Services Compensation Scheme (FSCS) have agreed to cap costs at £10,000 per client. According to PwC, 94pc of retail and corporate clients will receive their…

Kaz Minerals takes a hit despite securing $70m investment for major project (KAZ)

Kaz Minerals (LSE:KAZ) dipped 6.8pc to 1005p today following the news that one of its projects has received $70m worth of investment from a state-backed Chinese mining firm. Non-Ferrous China (NFC), a Shenzhen Stock Exchange-listed business involved in international project contracting and nonferrous metal resource development, will invest $70m into Kaz’s Koksay project in Kazakhstan.…