Small caps round-up: Mariana, Webis, Strategic Thought ...

15th Oct 2010 15:37

Mariana Resources has found three new high gold intersections from follow up drilling at the Calandria Norte target. "They highlight the potential for high grade vein-breccias at Las Calandrias and Calandria Norte in particular, in addition to the bulk tonnage style gold mineralization at Calandria Sur," it added.Online gamer Webis posted a full year net loss to May of £337,000 against profits of £452,000 as sales fell to £114m from £140m. "Overall, it has been a difficult year for the Group, with numerous challenges. However, the majority of these issues have been resolved and the future of EWS has gained a clear direction as a result of our US acquisition. We are now committed to establishing a clear strategy for the sportsbook and the board is confident of a successful year ahead," Webis said.Risk management consultant Strategic Thought expects interim sales of approximately £3.0m and an operating loss before share-based payment charges, interest and tax of approximately £0.8m. After a credit relating to share-based payments, the statutory loss before tax is anticipated to be £0.3m. Assets under management soared by around one fifth at fund manager Polar Capital in the first half of its financial year.Assets under management (AuM) at the end of September exceeded $3bn, boosted by net fund inflows of more than $280m and also the recent acquisition of HIM Capital.Net performance fees in the six months to end-September rose to £2.9m from £1.8m the year before.