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Share Price: 67.00
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TRADING UPDATES: Anglo Asian to restart Gedabek operations on approval

Tue, 26th Sep 2023 21:47

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Anglo Asian Mining PLC - Copper, gold and silver producer focused on Azerbaijan - Says the final Micon report was delivered on Tuesday to the company and the Government of Azerbaijan. Following the receipt of the report, the Prime Minister of Azerbaijan issued a press release saying that based on the report, the Gedabek plant can gradually restart operations. The restart of operations will take place in accordance with a timetable to be agreed with the Government. Anglo Asian and the government will also work together to implement Micon's recommendations for the Gedabek operation contained in the report.

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BSF Enterprise PLC - London-based biotechnology investor - Confirms allotment of 364,739 ordinary shares, constituting the 264,739 second tranche shares and the 100,000 financial PR shares, conditional to trading on the London Stock Exchange's Main Market at an issue price of 17 pence per share. Expects that admission will become effective on Wednesday.

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Power Metal Resources PLC - Metals exploration company focused on North America, Africa, and Australia - Hails escalation of high priority uranium target, based on a remote sensing study at its Badger Lake uranium project located in the Athabasca Basin, Saskatchewan, Canada. Says analysis finds distinct similarities between Badger Lake and the Arrow Deposit, owned and operated by Nexgen Energy Ltd. Plans to expedite the planned high-resolution electromagnetic UAV survey over Badger Lake, and reemphasises that the target at Badger Lake is an "extremely attractive exploration target". Chief Executive Officer Sean Wade says: "These findings could not come at a better time for shareholders and serve to highlight the huge potential value inherent in our uranium portfolio and in the Power Metal business model more generally."

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Ediston Property Investment Co PLC - London-based real estate investment trust focused on UK commercial property - Says shareholders have approved the sale of EPIC Group's property portfolio to RI UK 1 Ltd, a wholly owned subsidiary of Realty Income, for GBP200.8 million. This is prior to agreed deductions of approximately GBP4.0 million.

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Amte Power PLC - London-based lithium-ion and sodium-ion battery cells developer and manufacturer - Says shares were restored to trading on Tuesday in London at 1330 BST. Follows announcement on Monday that Amte would make an announcement regarding the launch of a retail offer following the lifting of the suspension of trading.

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Grafenia PLC - Manchester-based printing and software company - Says it will formally change its name to Software Circle PLC "in the coming days", as the relevant paperwork has been filed with Companies House. Adds that a further announcement will be made when the name change is formally effective. Upon the change of name becoming effective, the company's TIDM will change from "GRA" to "SFT". The ISIN and SEDOL numbers will remain unchanged.

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Croda International PLC - Yorkshire, England-based chemicals firm - Says Nicholas Ian Challoner, a member of the executive committee, sells 6,339 shares in the company at GBP49.16 each, coming to a total of GBP311,617 in shares.

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BioPharma Credit PLC - Specialist life sciences debt investment trust - Notes filing by LumiraDx Ltd, which discloses an amendment to the loan agreement entered into with BioPharma Credit PLC, BPCR Ltd Partnership, and BioPharma Credit Investments V LP. On September 25, LumiraDx entered into a twelfth amendment and waiver to the loan agreement of March 31. This amendment made several stipulations, including that the minimum liquidity covenant in the agreement is waived until October 11, provided that the consolidated liquidity of the company and its subsidiaries during this waiver period must be at least USD5 million, that the minimum net sales covenant for the trailing twelve-month period ended June 30 is waived. BioPharma Credit expects that the USD3.0 million Tranche D loan amount will be funded on Wednesday.

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ActiveOps PLC - Reading, England-based management process automation software provider for back-office operations - Launches ControliQ Series 3, a new version of its management process automation product. Says that ControliQ Series 3 has additional artifical intelligence features. Following the official launch in August, customers across multiple geographies and sectors are already using the new capabilities. ActiveOps intends to launch the ControliQ Series 4 in 2024.

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Apr 2019 10:57

Anglo Asian Mining Outlines Exploration Plans For Ordubad Project

LONDON (Alliance News) - Anglo Asian Mining PLC is set to start a USD1.8 million geological programme at its Ordubad gold project in Azerbaijan, it said Monday.Ordubad was explored during a

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8 Apr 2019 08:19

Anglo Asian Mining shifts exploration focus to Ordubad in 2019

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on its 2018 geological exploration activities and 2019 exploration plans at the 462 square kilometre Ordubad Contract Area on Monday, reporting that "highly favourable" geology had indicated that it could contain multiple porphyry mineralisation systems.

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29 Mar 2019 16:03

Anglo Asian Mining Expects To Get Gedabek Survey Results In April

LONDON (Alliance News) - Anglo Asian Mining PLC on Friday said it expects the final results of the airborne geophysical survey of the Gedabek mine in Azerbaijan to be available in April.In

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14 Mar 2019 12:07

Anglo Asian Mining Posts Gadir Resource And Ore Reserve Estimates

LONDON (Alliance News) - Anglo Asian Mining PLC on Thursday said its maiden JORC mineral resource and ore reserves estimate for its Gadir deposit gives a "tangible sense" of the of the a

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25 Feb 2019 13:01

Anglo Asian Mining Declares Annual Dividend, Issues Gadir Estimates

LONDON (Alliance News) - Anglo Asian Mining PLC on Monday declared an dividend of USD0.06 per share for 2018, its first annual payout, as it also published a resource estimates for the Gadir mine

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7 Feb 2019 09:51

Anglo Asian Annual Gold Output Set To Fall On Lower Plant Grades

LONDON (Alliance News) - Anglo Asian Mining PLC on Thursday guided for "another year of delivery" in 2019, though gold production is set to fall after a year of growth.Shares were

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15 Jan 2019 10:13

Anglo Asian Mining 2018 Output Rises Despite Slowdown In Final Quarter

LONDON (Alliance News) - Anglo Asian Mining PLC on Tuesday said its production from assets in Azerbaijan increased in 2018 despite a weak final quarter.The AIM-listed mining company said in

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21 Nov 2018 14:47

Anglo Asian makes good progress with airborne survey at Gedabek

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on the airborne geophysical survey underway at its 300 square kilometre Gedabek contract area on Wednesday.

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21 Nov 2018 12:54

Anglo Asian Mining's Airborne Survey At Gedabek Nears Completion

LONDON (Alliance News) - Anglo Asian Mining PLC said Wednesday the airborne geophysical survey at its Gedabek contract area is roughly 77% complete.Findings of the survey, which is being by

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11 Oct 2018 12:29

Anglo Asian To Hit Top End Of Guidance After Strong Third Quarter

LONDON (Alliance News) - Anglo Asian Mining PLC on Thursday said it recorded strong growth in its most recent quarter and expects annual production to reach the upper end of guidance.Shares

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19 Sep 2018 10:23

Anglo Asian Mining Shares Jump As Swings To Profit In First Half

LONDON (Alliance News) - Anglo Asian Mining PLC on Wednesday said it swung to profit in the first half of 2018 as revenue rose on higher gold bullion sales and price.Shares in Anglo Asian a

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18 Sep 2018 13:02

Anglo Asian Says Gedabek Test Results Could Extend Pit Life Six Years

LONDON (Alliance News) - Anglo Asian Mining PLC on Tuesday said results from an updated mineral resource estimate at its Gedabek open pit mine show the life of the pit could be extended by up to a

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17 Sep 2018 10:15

Anglo Asian Mining Confirms Further Copper And Gold Ores At Gedabek

LONDON (Alliance News) - Gold, copper and silver miner Anglo Asian Mining PLC on Monday said it has confirmed "further mineable" copper and gold ores at its Gedabek open pit in in Anglo

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16 Sep 2018 12:54

Sunday share tips: Dunelm, Anglo Asian Mining

(Sharecast News) - Sunday share tips from the newspapers, this week it's Dunelm in the Sunday Times and Anglo Asian Mining in the Mail on Sunday.

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13 Sep 2018 14:20

Anglo Asian Mining to carry out airborne survey over Gedabek

(Sharecast News) - Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced plans to carry out an airborne geophysical survey over the entire Gedabek contract area on Thursday, to identify additional gold and copper mineralised occurrences and generate future drill targets.

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