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“The FTSE100 slipped back from last night’s record closing high tracking overnight falls on Wall Street and in Asian markets,” says AJ Bell Investment Director Russ Mould.
“Social media and entertainment group MySQUAR’s new CallHome app has the potential to be a major revenue earner. The telephone app, which was soft-launched today, offers both on-net calls, app to app, and off-net calls, app to mobile phones and landlines. The services will target the Myanmar market and also south-east Asia countries, such as Thailand, Singapore, and Malaysia, where many Myanmar people live. The service can dramatically reduce the cost of calls compared with traditional methods, particularly for the millions of Myanmar people calling home from overseas. MySQUAR’s shares were up by more than 15.3% in early trading.
“Hummingbird’s appointment of Ausdrill subsidiary African Mining Services as mining contractor for the Yanfolila gold project in Mali is a major milestone as the company gears up for the first gold pour which is expected in 2017. This is the single largest contract that Hummingbird will award at Yanfolila where mine construction is currently under way. AMS has an excellent reputation for high quality work with an exemplary health and safety record and the team has more than 25 years' experience operating in West Africa.
“IGas Energy continues to assess options which will allow a new capital structure for the company that is sustainable in the current oil price environment. Talks with a potential strategic investor have progressed and discussions with other stakeholders and investors are ongoing. IGas continues to hold significant cash resources and will remain compliant with its daily liquidity covenant until late March, based on current forecasts.”
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