Source - Alliance News

The following stocks are the leading risers and fallers on AIM on Thursday.

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AIM - WINNERS

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Ariana Resources PLC, up 9.3% at 1.175 pence, 12-month range 1p-2.9p. The London-based mineral explorer and developer, which has gold mining interests in Africa and Europe, says cold commissioning of the processing plant is currently underway at the Tavsan mine project in Turkey. This will be completed in stages throughout June. Ariana says that about one year’s worth of full ore production remains stockpiled, ready for loading, as heap-leach pads near completion. Expects the processing plant to be fully operational from July. Ariana owns 23.5% of Tavsan, which is operated by Zenit Madencilik San Ve Tic AS in partnership with Proccea Construction Co. and Ozaltin Holding AS. ‘After several months of a monumental effort from the Zenit team and its contractors, the latest developments at Tavsan are exceptional,’ says Ariana’s Managing Director Kerim Sener. Sener continues: ‘Our biggest advantage is that Zenit has about a year’s worth of ore production ready...Accordingly, we look forward to achieving the first gold pour from the Tavsan processing plant this summer.’

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AIM - LOSERS

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Tern PLC, down 14% at 1.7p, 12-month range 0.975p-2.5p. The internet-of-things focused investor reports a £3.8 million pretax loss for 2024, narrowed from £12.6 million the year before, as the loss from movement in fair value of investments is £2.5 million, narrowed from £11.0 million. Fee income falls to £17,402 from £199,233. ‘While market conditions remained challenging, I am pleased to report that 2024 was a year of meaningful progress for Tern,’ Chair Ian Ritchie comments. ‘Our core portfolio continues to mature and demonstrate strength, and we remain firmly committed to delivering long-term value to our shareholders.’ Tern says its core portfolio companies ‘are thriving despite a difficult environment for early-stage technology funding’ and it is ‘exceptionally well placed to benefit from growing interest in early-stage software and the generative AI space’.

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Woodbois Ltd, down 14% at 0.0625p, 12-month range 0.038p-0.55p. The Africa-focused timber technology announces that production has resumed as planned in Gabon, but says the finalisation of its annual results has been delayed past the June 30 deadline due to ‘the disruption the company faced last year’. In February, Woodbois it was ‘experiencing the financial effect’ of management changes and a production halt in 2024, noting ‘the patience of some of our creditors has understandably worn thin’. It said it was working to secure bridge financing while it restarted production. On Thursday it said it had sold all veneer stocks held at the end of last year, and ‘significant volumes of wood have been repatriated’ in the year to date. ‘After a challenging few years, I am delighted to report that the company is back in production and experiencing growing sales, both locally and internationally, with numbers increasing month on month,’ said Chair Clive Roberts. ‘Thanks are due to the investors who supported the recent raise and the workforce in Gabon who have made this possible.’

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