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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.

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12 Dec 2016 12:11

Amur Minerals investigating infrastructure options at Kun-Manie

(ShareCast News) - Eastern Russia-focused base metals exploration and development company Amur Minerals reported that its executive management and key local staff had completed a series of meetings with various state and federal agencies of Russia's Far East Region on Monday. The AIM-traded firm sai

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31 Oct 2016 12:14

Amur Minerals partners with Chinese miner to assess Russia project

(ShareCast News) - Shares in AIM-listed miner Amur Minerals soared as it announced that it had signed a memorandum of understanding with Jinchuan Nickel & Cobalt Research and Design Institute of Jinchang, China to assess the potential of its nickel and copper project. The memorandum of understanding

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30 Sep 2016 11:27

Amur Minerals shares up as board updates on development

(ShareCast News) - Amur Minerals posted its interim results for the six months to 30 June on Friday - another period of nil revenue as its continued its development activities. The AIM-traded firm did double its loss from operations, however, to $2.34m year-on-year from $1.07m in the first half of 2

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2 Sep 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

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25 Jul 2016 08:11

Amur Minerals Advancing Kun Manie Study For Completion By End Of 2017

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7 Jul 2016 10:16

Amur Minerals Extends Pipe At Kun-Manie As Expectations Exceeded

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29 Jun 2016 11:53

Amur Minerals Eyeing Kun Manie Study By End Of 2017 As Loss Narrows

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1 Jun 2016 08:11

Amur Confident Drilling Will Increase Resource At Russian Project

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19 May 2016 08:27

Amur Taps South Korea For Funds, Contractors For Kun Manie (ALLISS)

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17 May 2016 08:52

Amur Says Drilling Begins At Kun-Manie Licence Ahead Of Schedule

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10 May 2016 08:30

Amur Reports Rise In Kun Manie Resource After Evaluating Deposits

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3 May 2016 09:18

Amur Minerals Ikenskoe/Sobolevsky Resource Estimate Updated

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18 Apr 2016 09:50

Amur Minerals Completes Ice-Road Restock Of Kun Manie In Russian East

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5 Apr 2016 09:22

Amur Minerals Says Kun-Manie Nickel Resource Estimate Upgraded

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21 Mar 2016 10:12

Amur Minerals Completes Winter Ice Road Construction For Kun-Manie

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