Virtual billboard advertiser Bidstack plans entry onto AIM via Kin Group (KIN)

Digital advertising business bidstack, which places adverts into popular games like Football Manager 2018, has announced plans to enter the AIM market by reversing into cash shell Kin Group (LSE:KIN). The two firms are working towards a reverse takeover (RTO) that will see Kin invest £400,000 to acquire bidstack’s entire issued share capital. The transaction…

Pantheon Resources says operations are not water saturated – but is cash now a concern? (PANR)

Pantheon Resources (LSE:PANR) rose 15.5pc to 20.9p today after telling investors that the large volume of water that flooded its VOBM#5 well in Texas should not be a cause for concern going forward. However, with Pantheon failing to produce anything from the well and its cash balance currently looking unclear, a placing could potentially be…

‘We are entering a period of potentially transformational activity’: Reabold Resources co-CEOs on firm’s bright future (RBD)

Following a significant change in strategy last September, shares in oil and gas investor Reabold Resources (LSE:RBD) have risen considerably from lows of 0.3p to their current 0.7p. Investors have responded well to the business’s decision to invest solely in European oil and gas projects, which has seen it take large stakes in UK-based Corallian…

Weatherly suspends shares and seeks administration advice – a lesson in the importance of due diligence (WTI)

Troubled miner Weatherly International (LSE:WTI) delivered the news its investors had feared today, confirming that it has had to suspend its shares and seek administration advice due to critical debt problems. While the update will no doubt be disappointing for many in the market, the writing has been on the wall for some time now…