Horizonte Minerals – buying opportunity based on City Financial’s forced selling? (HZM)

Horizonte Minerals (LSE:HZM) released a TR-1 notification on Tuesday indicating City Financial Investment Company had practically sold all of its holding in the nickel-focussed developer. This explains the share price movement last week that saw the stock tumble from 2.75p to 1.9p, triggering an RNS from the Horizonte on Friday. In that RNS, the company…

Reabold Resources resumes work at Monroe Swell as bad weather passes (RBD)

Reabold Resources (LSE:RBD) fell 2.2pc to 0.7p on Monday morning despite revealing that the severe weather conditions impacting its California drill programme have now passed. The firm said that its 50pc-owned Monroe Swell drilling site has now dried out following a ‘prolonged period’ of bad weather. Drilling equipment was delivered to the well pad throughout…

88 Energy, Red Emperor Resources, and Pantheon Resources dive on disappointment at Winx-1 (88E, RMP, PANR)

The share prices of Red Emperor Resources (LSE:RMP), 88 Energy (LSE:88E), and Pantheon Resources (LSE:PANR) all fell sharply on Friday after the companies released an update on the Winx-1 exploration well. Although there were some oil shows within the Nanushuk Formation, preliminary observations suggest they are at the ‘lower end of the range required for…

Miton Group backs Nostra Terra in major vote of confidence for growing Permian Basin player (NTOG)

Nostra Terra Oil & Gas (LSE:NTOG) rose to 2.7p on Thursday after announcing a critical vote of confidence from a prominent institutional investor. In a TR-1 released late afternoon, the business revealed that well-known small cap-focused asset manager Miton Group had taken a 10.1pc stake in its share capital. Miton purchased the position in Nostra’s…