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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
28 Sep 2018 14:12

Amur Minerals Swings To Interim Loss On Increased Finance Costs

LONDON (Alliance News) - Amur Minerals Corp on Friday reported a swing to a loss on increased finance costs and no gain on fair-value movements on derivative financial instruments.In the to

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19 Sep 2018 15:00

August Drilling Connects Orebodies At Amur's Kun-Manie Copper Project

LONDON (Alliance News) - Amur Minerals Corp on Wednesday said August drilling at its Kun-Manie nickel copper sulphide project in Russia has connected the two key orebodies.Shares in the up

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30 Aug 2018 16:26

Amur Minerals Settles USD203,835 Loan Interest Through Share Issue (ALLISS)

LONDON (Alliance News) - Russia-focused exploration company Amur Minerals Corp said Thursday it has issued 4.7 million shares to Cuart Investments PCC Ltd and YA II PN LTD to settle USD203,835 of

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16 Aug 2018 13:46

Amur Minerals Approaching End Of Current Kun-Manie Drilling Work

LONDON (Alliance News) - Amur Minerals Corp on Thursday said it has made good progress on meeting its targets for its current drill programme at Kun-Manie.Amur is currently drilling at the

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23 Jul 2018 13:56

Amur Minerals' shares boosted following shipping collaboration with GEFCO

(Sharecast News) - Nickel-copper sulphide mineral exploration and resource development firm Amur Minerals saw its shares jump on Monday after it entered into a memorandum of collaboration with GEFCO LLC.

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23 Jul 2018 10:49

Amur Minerals Enters Cooperation With Supply Chain Company

LONDON (Alliance News) - Russia-focused mineral exploration company Amur Minerals said Monday that it entered into a memorandum of cooperation with supply chain company GEFCO LLC.The will

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5 Jul 2018 13:06

Amur Minerals Shares Up As It Passes Halfway Point In Drill Programme

LONDON (Alliance News) - Nickel and copper sulphide miner Amur Minerals Corp said Thursday it has completed a total of 66 holes, or 10.81 kilometres, at the end of June, in its 20.30 kilometre at

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20 Jun 2018 11:01

Amur Minerals Issues 3.5 Million Shares Following Loan Conversion (ALLISS)

LONDON (Alliance News) - Amur Minerals Corp on Wednesday said it issued 3.5 million shares to an investor group in settlement of USD197,753 of principal and accrued interest.Back in the a a

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13 Jun 2018 13:25

Amur Minerals Close To Concluding Drilling Programme For May

LONDON (Alliance News) - Nickel-copper sulphide mining firm Amur Minerals Corp said on Wednesday it has drilled a total of 5.1 kilometres through 41 drill holes at the Kun-Manie project in were at

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2 May 2018 13:12

Amur Minerals Says Kun-Manie Costs To Be Amongst Industry's Lowest

LONDON (Alliance News) - Resources firm Amur Minerals Corp said Wednesday its recent cost estimate would place among the ten lowest cost nickel producers.Its in-house C1 cost estimate per a

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26 Apr 2018 18:00

Amur Minerals Issues 3.6 Million Shares Following Loan Conversion (ALLISS)

LONDON (Alliance News) - Amur Minerals Corp said on Thursday it has raised 3.6 million shares to Cuart Invests PCC Ltd and YA II PN Ltd for the settlement of USD200,263 in principal and accrued in

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20 Mar 2018 10:43

Amur Minerals Boosts Kun-Manie Mineral Resource Estimate By 50%

LONDON (Alliance News) - Shares in Amur Minerals Corp surged on Tuesday as the firm reported a 50% increase to the mineral resource estimate at its Kun-Manie shares were up on

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8 Mar 2018 12:43

Amur Minerals Begins Review Of Kun-Manie Project Access Road

LONDON (Alliance News) - Amur Minerals Corp said Thursday it has started the access road development programme for the ice road to its Kun-Manie project, a week after the on a

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10 Feb 2017 10:31

WINNERS & LOSERS SUMMARY: SummitReheis Purchase Sends Elementis Higher

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10 Feb 2017 10:25

Amur Minerals resource estimate surges at Kun-Manie

(ShareCast News) - Russia-focussed nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announce on Friday that Runge, Pincock, Minarco had completed a comprehensive resource update. The AIM-traded firm said the results showed an increase on the miner

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