Small caps round-up: African Aura, Liontrust, Cyan...

16th Jun 2010 11:31

African Aura Mining's New Liberty gold deposit in western Liberia is estimated to contain a measured and indicated resource of 1.38m ounces of gold at a grade of 3.18 grammes per tonne."The holes being announced today, which conclude the results from the initial drilling campaign, have returned some of the strongest gold intercepts to date at New Liberty," said President and CEO Luis da Silva.The newly discovered Latiff Zone is about 235m long. "As with all zones at New Liberty the Latiff zone remains open at depth and the company considers that its discovery can only enhance the project's open pit mining potential."Fund manager Liontrust chopped it final dividend after profits, funds under management and performance fees tumbled last year. Net profits in the year to March slumped to £1.1m from £8.5m with performance fees down to £3.4m from £16.2m. Assets under management were £1.1bn (2009: £1.9 bn) and were held at that level on 15 June. "We are at a turning point in the fortunes of Liontrust. The changes being implemented and the strong fund management performance lead me to believe the outlook is a much more positive and profitable one," chairman Adrian Collins said.Mobile web payments and analytics company Bango posted a maiden profit in the year to March, making £10,000 against a loss of £478,000 on sales up 26% at £26.1m. Bango added it expects to see continued revenue growth driven by an increasing number of customers and a growing volume of transactions from established customers, adding it is supporting RIM to drive the success of the Blackberry App World.Investment company Brainspark's NAV at end 2009 was £1.69m, up from £1.24m. The group made a loss before tax in the year of £0.128m, down from a loss of £2.305m in 2008. "Our focus for 2010 is to further our acquisition portfolio, increase our capitalisation to allow us to pursue larger investments, become involved in the development of a number of our assets and begin to provide returns to our shareholders," the statement said.Wireless solutions provider Cyan has received an initial order for 10,000 wireless electricity meter monitors from a global major manufacturer. The units are intended for the Indian market. The order represents one of the smallest of several tenders that Cyan understands are currently open in the Indian market. Cyan products are being quoted into further tenders from both this and other end customers.