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Pin to quick picksAmur Minerals Share News (AMC)

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Share Price Information for Amur Minerals (AMC)

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AIM WINNERS & LOSERS: Amur to pay dividends after disposal completion

Mon, 06th Mar 2023 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Amur Minerals Corp, up 57% at 1.58 pence, 12-month range 0.6p-3.28p. The natural resources explorer completes the USD35 million disposal of 100% of its interest in AO Kun-Manie, to Bering Minerals. Kun-Manie is a wholly-owned subsidiary of Irosta, which is Amur's wholly-owned subsidiary. Will pay out a special dividend of 1.8p within 90 days of receipt of the sale funds. Back in November, Amur said it faced delays to the sale, due to restrictions on transferring funds to Russia. "We are pleased to have achieved the sale of Kun-Manie which will enable the company to move forward in a new direction, which we envision will result in shareholders seeing real value," says CEO Robin Young.

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Plexus Holdings PLC, up 40% at 4p, 12-month range 1.6p-6.2p. The engineering services provider secures an order for its wellhead equipment and sealing technology for a specialised project application. Under the GBP5 million contract, its Pos-Grip HG equipment and technology will be deployed over the next 12 months. About GBP2.5 million will be received via milestone payments in the current financial year ending June 30, with the remainder to be recognised as sales revenue in financial 2024. CEO Been van Bilderbeek says the contract "significantly increases the visibility of [the firm's] future revenue and cash flow projections, and Plexus' reputation as a "can do" surface or subsea equipment solutions provider.

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AIM - LOSERS

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Fusion Antibodies PLC, down 33% at 32p, 12-month range 30p-110p. The antibody developer says revenue and earnings for the year ending March 31 are expected to be "significantly" behind market expectations, with revenue to be no less than GBP2.8 million. This is due to continuing uncertainty over the timing of several anticipated orders, which is outside the firm's control. As Fusion shifts its focus on larger integrated service contracts, it notes "very positively received" discussions with several potential clients.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Mar 2020 15:49

Amur Minerals Gets GBP1.5 Million Loan For Kun-Manie Feasibility Study

Amur Minerals Gets GBP1.5 Million Loan For Kun-Manie Feasibility Study

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17 Feb 2020 09:42

Testing For Saleable Copper Begins At Amur Minerals's Kun-Manie

Testing For Saleable Copper Begins At Amur Minerals's Kun-Manie

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28 Jan 2020 14:11

Amur Minerals Completes Rock Mechanics Study At Kun-Manie

Amur Minerals Completes Rock Mechanics Study At Kun-Manie

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15 Jan 2020 15:52

Amur Minerals submits environmental assessment for Kun-Manie

(Sharecast News) - Russia-focussed nickel-copper sulphide exploration and development company Amur Minerals Corporation announced on Wednesday that the baseline environmental assessment (BLEA) for its Kun-Manie nickel copper sulphide project was now complete, and had been filed and approved by the necessary Russian Federation agencies.

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15 Jan 2020 11:09

Amur Minerals Completes Environmental Survey At Kun-Manie, Russia

Amur Minerals Completes Environmental Survey At Kun-Manie, Russia

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6 Dec 2019 16:00

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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18 Nov 2019 14:15

Amur Minerals Shares Surge As It Repays Convertible Loan In Full

Amur Minerals Shares Surge As It Repays Convertible Loan In Full

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12 Nov 2019 15:52

Amur Minerals identified water sources for Kun-Manie development

(Sharecast News) - Eastern Russia-focussed nickel-copper sulphide exploration and development company Amur Minerals Corporation announced on Tuesday that the hydrological assessment - a component of the permanent conditions 'TEO', a Russian equivalent to a feasibility study - for its Kun-Manie nickel copper sulphide project was now complete, and had been approved by the necessary Russian agencies.

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12 Nov 2019 11:40

Amur Minerals Completes Hydrological Assessment For Kun-Manie Project

Amur Minerals Completes Hydrological Assessment For Kun-Manie Project

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4 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Egdon Resources Hit By UK Fracking Ban

UK WINNERS & LOSERS SUMMARY: Egdon Resources Hit By UK Fracking Ban

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4 Nov 2019 10:21

Amur Minerals Raises GBP1.2 Million Through Share Subscription

Amur Minerals Raises GBP1.2 Million Through Share Subscription

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1 Oct 2019 14:56

Amur Minerals Half-Year Loss Narrows As Progresses Kun-Manie Work

Amur Minerals Half-Year Loss Narrows As Progresses Kun-Manie Work

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23 Sep 2019 14:37

Amur Minerals TEO And Definitive Feasibility Study Making Progress

Amur Minerals TEO And Definitive Feasibility Study Making Progress

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16 Sep 2019 11:54

Amur Minerals Commences Kun-Manie TEO Reserve Estimate Programme

(Alliance News) - Amur Minerals Corp on Monday said it has begun a TEO reserve estimation programme for its Kun-Manie nickel copper sulphide project in Russia.Shares in the miner were down

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27 Aug 2019 15:31

Director dealings: Amur Minerals director purchases shares

(Sharecast News) - Mineral exploration and resource development firm Amur Minerals revealed on Tuesday that non-executive director Thomas Bowens had purchased 7.52m ordinary shares in the AIM-listed firm.

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