Thor Mining battered by Kapunda resource estimate, but low grades suit leaching project down to the ground THR

The old adage ‘buy the rumour, sell the news’ claimed Thor Mining (LSE:THR) as another victim this week, with the resources firm taking a drubbing on AIM after announcing an inferred resource estimate at its Kapunda copper project. In its update, Thor reported that the South Australian project, in which it holds a 45pc interest,…

Conroy Gold gives peace a chance with first drill since brutal boardroom battle, but will the good times last? CGNR

Conroy Gold and Natural Resources (LSE:CGNR) has begun drilling its Clay Lake-Clontibret gold target in Ireland. This is the first major step forward for Conroy since the conclusion of a bitter boardroom battle at the end of last year. The company has mobilised two drill rigs to focus on upgrading the overall mineral resource at…

FCA warns trading algorithms can add ‘extreme events with wide-spread implications’ to markets

On Monday, the Financial Conduct Authority (FCA) warned that the increasing use of trading algorithms could turn manageable market incidents into ‘extreme events with potential wide-spread implications’. In a report titled ‘Algorithmic Trading Compliance in Wholesale Markets’, the financial watchdog said that while automated technology can increase execution speed and reduce costs, it can also…

Galliford Try plans £150m raise as ghost of Carillion continues to haunt GFRD

Shares in Galliford Try (LSE:GFRD) took a battering this morning after the UK construction firm announced plans to raise £150m to cover the impact it has suffered from Carillion’s collapse last month. Galliford’s shares were off 18.3pc, or 181.5p, to 806p at the time of writing after it said Carillion’s demise has placed ‘additional financial…

Kennedy Ventures, back from suspension full steam ahead KENV

On Friday Kennedy Ventures (LSE:KENV) bombarded the market with a hat trick of announcements; its overdue final results, an operational update and news the company’s suspension is due to be lifted. The suspension certainly hasn’t gone down well with shareholders, after the company cited “technical complexities”, which caused a delay in its audit. This really…