29 Sep 2014 12:17
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Don't have an account? Click here to register.Alecto's shares dive after dicounted £650,000 placing
Tue, 17th May 2016 15:11
(ShareCast News) - Alecto Minerals's shares plunged almost 17% after raising £0.65m in a discounted placing as it moves to bring the 400,000 tonnes-a-year Matala Gold Project, Zambia, into low-cost production in the near- to mid-term.The placing of 831.25m shares priced at 0.08p each, which would account for about 18.64% of Alecto's enlarged share capital, was fully subscribed. Alecto's shares were up almost 17% this afternoon.CEO Mark Jones said directors were extremely mindful of dilution, and that it was unfortunate there had not been greater traction in the company's share price, allowing it to raise funds at a premium to its last fundraise in November 2015.This was despite strong news flow after its acquisition of open-pit Matala, and including the announcement of joint ventures with Randgold Resources and Cora Gold, Jones said."The board is acutely aware of the importance of maintaining momentum on the ground in Zambia, to build on the excellent start we have already made. There is potentially still huge upside for stakeholders if we get this right," he said in a statement."With this in mind, we will continue to focus and deliver on our strategy, which I believe will translate into share price appreciation moving forward."
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9 Jul 2014 08:01
20 Jun 2014 08:45
Alecto Minerals ups gold resource estimate for Kossanto by 28%
AIM-listed mining group Alecto Minerals announced it has increased its mineral resource estimate for Gourbassi to 247,000 ounces of gold. The group upped its estimate by 28% following the recent completion of additional drilling at Gourbassi West, which together with Gourbassi East forms one of two
Read more10 Jun 2014 11:15
UK MIDDAY BRIEFING: ICAP Now Facing EU Fine Over Yen Libor
LONDON (Alliance News) - Brokerage ICAP could now be hit by fines from the European Commission over the manipulation of yen Libor rates, after it said Tuesday it has received a so-called statement of objections from the EU's executive body, which it said it intends to fight vi
Read more10 Jun 2014 10:06
UK WINNERS & LOSERS: Anglo American, Lonmin Fall As Crisis Talks Fail
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Imperial Tobacco Group, up 0.5%. The cigarettes and tobacco company said it w
10 Jun 2014 09:02
Alecto Minerals Finds New Prospects At Massakama Target In Mali
LONDON (Alliance News) - Alecto Minerals PLC Tuesday said it has found new prospects on the Massakama target at the Kossanto gold project in Mali following a large drill programme, with strong indications that the site hosts an extensive gold-bearing system. The gold mining company said 18
Read more3 Jun 2014 10:27
Alecto Says Centamin Agrees Initial Commitment At Aysid Metekel
LONDON (Alliance News) - Alecto Minerals PLC Tuesday said that Centamin PLC has decided to make its initial expenditure commitment at the Aysid Metekel Gold Project as part of an ongoing joint venture between the two companies. The gold mining company said that Centamin will now proceed to
Read more30 May 2014 09:30
Alecto Minerals Pretax Loss Widens On Impairments, Foreign Exchange Losses
LONDON (Alliance News) - Alecto Minerals PLC Friday said its pretax loss widened slightly in 2013 as lower administrative expenses were offset by higher impairment charges and foreign exchange losses. The gold mining company, which is yet to produce any revenues, said its pretax loss widene
Read more16 May 2014 11:40
Alecto Minerals Gets Good Results From Gourbassi Drilling In Mali
LONDON (Alliance News) - Alecto Minerals PLC Friday said it has received positive drilling results from all six holes recently drilled on its Gourbassi resource zone at the Kossanto Gold Project in Mali, with all six intercepting gold mineralisation. The gold mining company said the six hol
Read more