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Pin to quick picksBens Creek Share News (BEN)

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Share Price Information for Bens Creek (BEN)

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Share Price: 0.175
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EARNINGS UPDATES: Insig AI momentum builds; Scotgold makes strides

Wed, 22nd Dec 2021 18:23

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Insig AI PLC - London-based machine learning and data science firm which serves the asset management industry, formerly known as Catena Group PLC - Revenue from trading activity for six months to September 30 jumps to GBP896,000 from GBP196,000, while pretax loss widens to GBP844,000 from GBP287,000. Administrative expenses increase to GBP2.2 million from GBP567,000, though it realises gain on share investment of GBP1.4 million versus nothing a year before. Says each month continues to be "busier than the last" and firm expects this to continue. "The coming quarter and 2022 should demonstrate our ability to secure multiple contract wins, as we successfully leverage our machine learning technology and exploit it, so it fuels fast growing and increasingly higher margin revenues. I look forward to a very exciting 2022," says Chief Executive Steven Cracknell.

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Scotgold Resources Ltd - gold and silver explorer and producer in Scotland - Posts revenue of USD299,807 for financial year ended June 30, versus nothing a year ago. However, pretax loss widens to USD5.0 million from USD2.5 million. Says that as of August 2021, it has consistently achieved production revenue that exceeds operational costs. "December production currently looks to be another step change higher than previous months, further demonstrating the significant strides we're making as a team," says Chief Executive Phil Day. Adds that operational and strategy update will be made in January 2022.

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GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Pretax loss for financial year ended June 30 widens to GBP1.9 million from GBP1.5 million the year before. No revenue generated in either period. Says pandemic meant progress did not meet expectations in the year. "We have remained focussed on delivering returns on shareholder investment through packaging the project in its best possible form with the key step still being approval from the Bangladesh Government," company says.

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Critical Metals PLC - Africa-focused natural resources investor - Pretax loss for financial year to June 30 GBP347,584, widened from GBP98,293 the year before. No revenue generated in either period. Says it has been completing due diligence on deal to purchase a controlling position in a company that holds the rights to a previously producing copper-cobalt property in the Democratic Republic of Congo. Plans to file for readmission to the London Stock Exchange in early 2022 as a mining company enlarged by the acquisition of an indirect controlling interest in the Molulu Project. "The goal of our company to become cash flow positive in 2022 and beyond is still intact, and, looking forward, I am very excited about what the entry into 2022 will hold for Critical Metals. The board believes that 2022 will be a year of significant growth for the company as we look to advance our strategy and create value for shareholders," it says.

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Bens Creek Group PLC - owner of metallurgical coal mine in North America - Reports pretax loss of USD605,665 for period stretching August 11 to September 30, 2021. Of this, USD483,750 attributable to costs associated with listing process. Firm was incorporated in August and then floated in London in October. Says target remains to be shipping coal and generating revenue by the end of the first quarter of 2022.

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Goldplat PLC - gold recovery operations in South Africa and Ghana - Revenue for financial year ended June 30 rises to GBP35.4 million from GBP24.8 million the year before, but pretax profit falls to GBP3.7 million from GBP5.7 million. This is due to cost of sales jumping 67% to GBP29.2 million from GBP17.5 million, outstripping the pace of revenue growth, which was 43%. It notes higher input costs and tighter margins in South Africa. "The company will remain focused on sharing future cashflows with shareholders, specifically distributing cash surplus to the Group's operational requirements and growth plans to shareholders," it says.

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Caledonian Trust PLC - Edinburgh-based property investment holding and development company - Net asset value per share at June 30 208.4p, up from 204.5p year-on-year. Revenue in year jumps to GBP4.6 million from just GBP536,000 the year prior, and pretax profit jumps to GBP460,000 from GBP95,000. "The board does not recommend a final dividend, but intends to restore dividends when profitability and consideration for other opportunities and obligations permit," the firm says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
5 May 2023 14:27

IN BRIEF: Bens Creek replacement miner equipment arrives at site

Bens Creek Group PLC - London-based owner of metallurgical coal mine in West Virginia - Confirms a replacement highwall miner equipment, unit 81, from its contractor Mega Highwall Mining LLC, has arrived at site and has begun operating.

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5 May 2023 11:47

Bens Creek starts work with replacement highwall miner

(Sharecast News) - North American coal miner Bens Creek Group announced the arrival of a second highwall miner (HWM) on Friday, after it experienced issues with the initial one.

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28 Apr 2023 11:56

Bens Creek delivers 44,000 of coal to "largest" Indian steel producer

(Alliance News) - Bens Creek Group PLC on Friday said it has completed the delivery of 44,000 tonnes of coal to an Indian steel producer.

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28 Apr 2023 10:55

AIM WINNERS & LOSERS: Numis rockets on takeover by Deutsche Bank

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

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14 Apr 2023 10:38

IN BRIEF: Largest shareholder in Bens Creek to sell portion of stake

Bens Creek Group PLC - London-based metallurgical coal mine owner - Says it is aware its largest shareholder, MBU Capital Ltd, is in discussions to sell a portion of its shareholding at a price of 18 pence per share to an undisclosed international commodity trading business. MBU Capital holds 54% of the company. Bens Creek says the discussions are expected to result in the buyer purchasing a 30% stake of the current issued share capital of the company, and adds it is not party to the transaction. Says it is not aware of any commercial or operational reasons for movement of its share price on Thursday.

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31 Mar 2023 20:32

TRADING UPDATE: Tekmar launches fund raising, Artemis Chair resigns

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday not separately reported by Alliance News:

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23 Mar 2023 14:23

IN BRIEF: Bens Creek says equipment arrives at coal miner after delay

Bens Creek Group PLC - owner of a metallurgical coal mine in US state of West Virginia - Says all components for a second highwall miner, unit 77 from its highwall mining contractor Mega Highwall Mining LLC, have now arrived on site following a short delay. The highwall miner has been assembled and is now only awaiting completion of its electrical fit out and testing before deployment at the mine.

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9 Mar 2023 14:29

TRADING UPDATES: Forterra lifts yearly dividend on profit surge

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2023 12:56

Bens Creek says MBU converts outstanding loan facility into new stock

(Alliance News) - Bens Creek Group PLC on Thursday said MBU Capital Group Ltd exercised its right to convert the full outstanding amount of its loan facility provided to Bens Creek for new shares.

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27 Feb 2023 12:19

Bens Creek agrees repayment of USD6 million convertible loan notes

(Alliance News) - Bens Creek Group PLC on Monday said it agreed repayment terms with its lender ACAM LP regarding USD6 million in outstanding unsecured convertible loan notes.

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13 Jan 2023 16:52

Bens Creek confirms second highwall miner, agrees option for third

(Sharecast News) - American coal miner Bens Creek Group announced on Friday that it has signed an amendment to the agreement with its highwall mining contractor Mega Highwall Mining, to confirm the provision and delivery of a second highwall miner - unit 77 - by the end of January.

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13 Jan 2023 10:21

Bens Creek shares up on delivery of second highwall miner

(Alliance News) - Bens Creek Group PLC shares were up on Friday, after it confirmed the provision and delivery of a second highwall miner, unit 77.

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23 Dec 2022 14:32

IN BRIEF: Bens Creek subsidiary to buy Ben's Creek Rail for USD650,000

Bens Creek Group PLC - London-based mining company focused in North America - Says its subsidiary Ben's Creek Carbon LLC signs a deal to buy up to 100% of the membership interests in Ben's Creek Rail Holding LLC, a company currently owned by Bens Creek's largest shareholder, MBU Capital Group Ltd. The consideration payable by Bens Creek is up to USD650,000 in cash.

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23 Dec 2022 12:57

Bens Creek agrees to buy rail track holding company

(Sharecast News) - North American metallurgical coal miner Bens Creek announced on Friday that its wholly-owned subsidiary Bens Creek Carbon has entered into an agreement to acquire up to 100% of the membership interests in Bens Creek Rail Holding.

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22 Dec 2022 14:24

Bens Creek selling highwall miner for $3.6m

(Sharecast News) - North American metallurgical coal miner Bens Creek announced the proposed sale of its own highwall miner on Thursday, to Civil LLC, for total cash of $3.6m.

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