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BIFFA

P 390 5 July 374.2 385 380 375 370 365 29 June 30 June 1 July 4 July 5 July

Biffa's takeover talks are still ongoing, with the deadline for a potential deal with US private equity firm Energy Capital Partners now extended from July 5 to August 2.

The share price weakness suggests a significant degree of scepticism that a bid will be made for the waste management giant. However, investment analyst Peel Hunt considers ECP to be a valid bidder, with an add stance and a target price of 445p.

SERABI GOLD 45

P 5 July 40 44 43 42 41 40 29 June 30 June 1 July 4 July 5 July

Serabi Gold has discovered copper, molybdenum and gold gradings at its latest three-hole diamond drilling programme into the Matilda Prospect in Brazil. Similarly, typical quartz veins, stockwork and stringers have all been identified. Peel Hunt believes exploration successes on the system is likely to open up a series of entirely new strategic options for Serabi Gold and has a buy stance at 110p.

(c) 2022 City A.M., source Newspaper