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Pin to quick picksAnglesey Mining Share News (AYM)

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EARNINGS: Migo underperforms benchmark, Blackrock Income grows value

Wed, 27th Dec 2023 12:21

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued in the past week and not separately reported by Alliance News:

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Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Pretax loss for the six months to September 30 widens to GBP604,787 from GBP468,656 the prior year. Expenditure on the mineral properties reduces to GBP174,748 from GBP320,887, although this is primarily due to a cessation in Parys Mountain drilling activity. Firm continues to "firmly believe" it is well-positioned to advance its key Parys Mountain and Grangesberg projects next year, and expects drilling at Parys's Northern Copper Zone to generate strong results. Is encouraged by rising investor interest despite global uncertainties and "difficult" markets.

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Blackrock Income & Growth Investment Trust PLC - London-based investment trust - Net asset value at October 31 is 194.90 pence per share, up from 191.63p at the same time one year prior. Delivers positive 5.2% total return for the year that ended on October 31, compared with the prior year's negative 2.3%. Benchmark FTSE All-Share Index delivers positive 5.9%, following negative 2.8%. Declares 4.8p per share final dividend, up from 4.7p. Total payout increases to 7.4p from 7.3p. Blackrock Income & Growth says it has "every confidence" going into 2024 in its portfolio managers, who "remain cautiously positioned" but "believe that the UK market offers a wealth of opportunity".

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Hargreave Hale AIM VCT PLC - venture capital trust investing primarily in companies listed on the AIM market in London - NAV per share drops to 46.34p at September 30 from 60.19p one year prior. Total return for the year ended September 30 is negative 15%, following the prior year's negative 33%. Total dividend decreases to 5.0p from 6.65p. Declares 1.50p final dividend, down from 2p the year before. Expects monetary policy to "become more accommodating" as year progresses, laying groundwork for a "sustainable recovery in value".

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Migo Opportunities Trust PLC - London-based investment company with global and Japan-specific portfolios - NAV decreases 2.9% to 319.2p per share at October 31, from 328.6p at April 30. Delivers negative 1.9% dividend-adjusted total return for the six months ended October 31, while benchmark Sonia Plus 2% achieves positive 3.5%. Says 2023 was "a year of significant change" with widening discounts "presenting numerous attractive investment opportunities". Adds that portfolio is well-positioned for future growth.

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Thames Ventures VCT 1 PLC - venture capital trust - NAV decreases to 48.5p at September 30, from 58.8p at the same time in 2022. Declares 1.0p per share interim dividend, down from 1.5p. Notes a "large reduction" of GBP4.1 million in the valuation of Cornelis Networks Inc. Says business are still facing challenges in the UK and internationally, and will monitor portfolio companies closely to ensure macroeconomic difficulties are addressed appropriately.

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Walls & Futures REIT PLC - London-based designer and developer of specialist social housing - NAV per share falls to 87p at September 30, from 89p at March 31. Swings to pretax profit of GBP46,186 for the half year ended September 30, following the previous year's GBP36,686 loss. Rents received rise to GBP62,407 from GBP57,699. Says however that it will not achieve restructuring and capital raise in time for Christmas. Intends to raise GBP10 million in funding for social infrastructure assets in 2024, to ensure that a dividend can be paid. Plans to launch a GBP200 million institutional fundraise in the medium-term future, and move to the main market.

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By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
28 Nov 2022 13:32

Anglesey Mining 'excited' after Northern Zone review

(Sharecast News) - UK-based minerals developer Anglesey Mining reported on an internal review of the Northern Copper Zone at Parys Mountain on Monday, describing it as an "exciting opportunity".

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28 Nov 2022 11:38

IN BRIEF: Anglesey Mining touts elements estimates at Parys mountain

Anglesey Mining PLC - mining company with operations in north Wales, Sweden and Canada - Posts conclusions from internal review of the northern copper zone at Parys mountain in Anglesey, Wales. Infers up to 5 grams of silver per tonne and 0.1 grams of gold per tonne. Further, estimates up to 1.27% copper, 0.38% zinc and 0.24% lead.

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25 Nov 2022 12:02

Anglesey Mining touts progress on operations as interim loss widens

(Alliance News) - Anglesey Mining PLC on Friday published its half-year report for the six months to September 30, posting an optimistic outlook.

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21 Oct 2022 07:32

IN BRIEF: Anglesey Mining hails rare minerals assay results in Wales

Anglesey Mining PLC - mining company with operations in north Wales, Sweden and Canada - Touts mineral finds from Parys Mountain on the Isle of Anglesey in north west Wales. Finds up to 16 grammes of gold and 365 grammes of silver per tonne of ore. Further, finds up to 2.7% copper and 19% zinc.

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9 Sep 2022 06:59

IN BRIEF: Anglesey Mining posts widened loss; tips minerals in Wales

Anglesey Mining - Mining company with operations in north Wales, Sweden & Canada - On Thursday, posts widened loss in financial year ended March 31. Annual pretax loss widens to GBP693,242 from GBP328,518 a year prior. Makes no revenue, as year before. Expenses multiply to GBP528,045 from GBP162,824.

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19 Jul 2022 15:48

Anglesey upbeat on Grangesberg study results

(Sharecast News) - Anglesey Mining announced results from the recently-completed pre-feasibility study update for the Grängesberg iron ore project in Sweden on Tuesday, where it holds an almost 20% interest together with management rights and a right of first refusal to increase its interest to 70%.

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19 Jul 2022 11:43

IN BRIEF: Anglesey Mining shares rise on iron pre-feasibility study

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Completes pre-feasibility study on Grangesberg iron ore project in Sweden. Anticipates to produce 2.3 to 2.5 million tonnes of iron ore concentrate per year at a concentrate of 70% iron.

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18 Jul 2022 07:52

IN BRIEF: Anglesey Mining hails Parys Mountain drill results

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - On Friday posts assay results from Parys Mountain on the isle of Anglesey, Wales. Finds up to 95 grammes of silver per tonne and up to 0.8 grammes of gold per tonne. "Given the results, we are very confident that a significant portion of the currently inferred material will be upgraded to indicated. The importance of this should not be discounted given inferred resources are not permitted to be included in reserve estimates," says Chief Executive Jo Battershill.

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15 Jul 2022 13:14

Anglesey advances work in Wales, Sweden

(Sharecast News) - Anglesey Mining said in an update on Friday that it was continuing to advance work programmes at both its Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in North West Wales, and its Grängesberg iron ore project in Sweden.

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7 Jul 2022 08:36

IN BRIEF: Anglesey's Labrador Iron Mines wins USD4 million investment

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Says Labrador Iron Mines, in which it has an 11% interest, receives USD4 million investment from Scully Royalty Ltd. "The proceeds of the strategic investment will be used as working capital to advance the Houston project through a number of initiatives, expected to culminate in a preliminary feasibility study in 2023," Anglesey Mining explains. The investment consists of a USD3 million equity component and a USD1 million convertible credit facility.

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8 Jun 2022 14:31

IN BRIEF: Anglesey Mining reports sudden death of deputy chair

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Says its Deputy Chair Bill Hooley passed away on Tuesday. Hooley had been with the company since 2007.

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17 May 2022 18:04

IN BRIEF: Anglesey Mining raises GBP952,622 for working capital, Parys

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Raises GBP864,416 through a placing of 22.8 million shares at a price of 3.4 pence per share, and an additional GBP88,206 via subscription of 2.6 million shares by certain directors at the issue price.

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16 May 2022 19:35

IN BRIEF: Anglesey Mining to raise GBP865,000 to advance Parys project

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - Intends to raise GBP865,000 through placing and subscription of shares at a price of 3.4 pence each.

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1 Mar 2022 15:59

UK shareholder meetings calendar - next 7 days

Wednesday 2 March 
Ecofin Global Utilities & Infrastructure Trust PLCAGM
Mila Resources PLCAGM
Paragon Banking Group PLCAGM
River & Mercantile UK Micro Cap Investment Co LtdAGM
Thursday 3 March 
Chemring Group PLCAGM
Petro Matad LtdAGM
Zytronic PLCAGM
Friday 4 March 
Asia Strategic Holdings LtdAGM
Challenger Energy Group PLCEGM re equity raise
JPMorgan Russian Securities PLCAGM
Monday 7 March 
Crystal Amber Fund LtdGM re change of investment policy
Tuesday 8 March 
Anglesey Mining PLCGM re delisting
Caretech Holdings PLCAGM
Driver Group PLCAGM
Redx Pharma PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shoe Zone PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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14 Feb 2022 09:57

IN BRIEF: Anglesey Mining intends to move trading to AIM

Anglesey Mining PLC - London-based mining company with operations in north Wales, Sweden & Canada - On Friday, announces intention to trade on AIM, and cancel admission of shares to premium segment of official list, and trading LSE Main Market. Says AIM provides a "more flexible regulatory regime" which is better suited to its goals to develop its Parys Mountain mine in Wales. Delisting will require 75% shareholder approval at a general meeting to be convened on March 8.

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