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Pin to quick picksAltus Strategi. Share News (ALS)

Share Price Information for Altus Strategi. (ALS)

London Stock Exchange
Share Price: 4.50
Bid: 4.00
Ask: 5.00
Change: 0.00 (0.00%)
Spread: 1.00 (25.00%)
Open: 4.50
High: 4.50
Low: 4.50
Yest. Close: 4.50
ALS Live PriceLast checked at -

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Altus Strategies Considering Funding Options, Quarterly Loss Widens

Tue, 30th Apr 2019 18:40

LONDON (Alliance News) - Altus Strategies PLC on Tuesday mulled funding options for 2019 as it reported a wider fourth quarter loss.

The company's fourth quarter pretax loss amounted to GBP544,839, wider than GBP120,927 a year ago. In the fourth quarter of 2017, Altus benefited from a GBP227,200 fair value gain, while in the final quarter of 2018 it took a GBP47,011 fair value loss.

Over the next twelve months, the company said it will seek to secure joint venture partnership and royalty transactions for its projects and advance its exploration projects so they can be transacted on.

The company said it looks forward to progressing and formally closing agreements with Canyon, Indiana and Corben in Cameroon, Mali and Liberia.

Based on the spending profile of 2018, Altus Strategies said its cash balance at the end of the year will be "insufficient to fund operations for the whole of 2019".

"The group will continue to preserve cash but recognises that it will be necessary to either, or a combination of, raise additional funding, sell its equity position in Canyon or enter joint venture agreements which include cash pre-payments within the next twelve months," the company said.

Shares in the company closed untraded at 3.75 pence on Tuesday.

More News

La Mancha To Invest CAD11 Million In Altus Strategies For 35% Stake

La Mancha To Invest CAD11 Million In Altus Strategies For 35% Stake

5 Nov 19 14:26

Altus Strategies completes royalty and property sale deal with Desert Gold

(Sharecast News) - Africa-focussed project and royalty generator Altus Strategies announced the successful completion of the royalty and property sale transaction with TSX-V listed Desert Gold Ventures on Thursday, on the firm's contiguous Sebessounkoto Sud and Djelimangara gold projects in western Mali.

31 Oct 19 12:14

Altus Strategies Reports Further Drilling Finds In Ethiopia

Altus Strategies Reports Further Drilling Finds In Ethiopia

29 Oct 19 14:07

Altus Strategies Discovers "Significant New" Gold Prospect In Mali

(Alliance News) - Altus Strategies PLC said Thursday it has defined a "potentially significant" new prospect at its Diba gold project in western Mali.Altus said the mine is about

5 Sep 19 16:07

Altus Strategies Narrows First Half Losses As Expenses Fall

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC on Thursday reported that it narrowed its first half losses as it made gains on investments and administrative expenses to

29 Aug 19 17:40

Altus discovers multiple hard rock gold workings at Zager

(Sharecast News) - Africa-focussed project and royalty generation company Altus Strategies announced the discovery of multiple hard rock gold workings at its 100% owned 285 square kilometre Zager exploration licence on Thursday, which was targeting volcanogenic massive sulphide (VMS) gold deposits, in the Tigray National Regional State of northern Ethiopia.

15 Aug 19 14:44

Altus Strategies Discovers Gold Workings At Ethiopia Mining Licence

(Alliance News) - Africa-focused mining royalty firm Altus Strategies PLC said Thursday hard rock gold workings have been discovered at its recently acquired Ethiopian licence.Altus said at

15 Aug 19 12:09

Altus Strategies Unit Signs Option Deal With Firering On Toura Project

(Alliance News) - Altus Strategies PLC on Thursday said its subsidiary Aeos Resources Ltd has signed an option agreement with Firering Holdings Ltd, in respect of the application for the Toura in

25 Jul 19 11:48

Altus Strategies Promotes Financial Controller To Finance Chief

(Alliance News) - Altus Strategies PLC said Wednesday it has promoted Financial Controller Martin Keylock to chief financial officer.He will be replacing David Miles, who stay on in an role

10 Jul 19 16:22

UK Shareholder Meetings Calendar - Next 7 Days

Friday 21 JuneBoohoo GroupGulf KeystoneBH GlobalEJF ResourceSigma

20 Jun 19 16:02

Altus Strategies Finds New Gold Prospect At Ethiopian Daro Project

(Alliance News) - Altus Strategies PLC on Wednesday said it has discovered a new gold prospect at its Daro copper-gold-solver volcanogenic massive sulphide project in Ethiopia.Rock samples

12 Jun 19 14:27

Altus Strategies Defines Potential Drill Targets At Mali Gold Projects

LONDON (Alliance News) - Altus Strategies PLC said Thursday it has defined several drill and trench targets at its Djelimangara and Sebessounkoto Sun gold licences in Mali.The drill targets

6 Jun 19 12:07

Altus Strategies Unit Gains New Exploration Licence In Ethiopia

LONDON (Alliance News) - Altus Strategies PLC on Monday said its Ethiopian subsidiary, Altau Resources Ltd, has been granted the Zager exploration licence, targeting copper and gold in the grant a

3 Jun 19 13:34

Altus Strategies First Quarter Loss Widens On Expenses, Reduced Fees

LONDON (Alliance News) - Altus Strategies PLC on Thursday said its pretax loss widened in the first quarter of 2018 through a combination of increased administrative expenses and a reduction in to

30 May 19 14:54

Altus Strategies extends southern Mali joint venture with Resolute Mining

(Sharecast News) - Altus Strategies has signed a variation and accession deed with Resolute Mining in respect of the joint venture on its 106 square kilometre Pitiangoma Est project in southern Mali, it announced on Wednesday.

8 May 19 15:23

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