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Pin to quick picksBushveld Minerals Share News (BMN)

Share Price Information for Bushveld Minerals (BMN)

London Stock Exchange
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Share Price: 0.725
Bid: 0.70
Ask: 0.75
Change: 0.125 (20.83%)
Spread: 0.05 (7.143%)
Open: 0.60
High: 0.725
Low: 0.575
Prev. Close: 0.60
BMN Live PriceLast checked at -

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AIM WINNERS & LOSERS: Bushveld jumps as refinances loan with OMF Fund

Thu, 01st Feb 2024 10:31

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

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AIM - WINNERS

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Bushveld Minerals Ltd, up 56% at 1.67 pence, 12-month range 0.96p-5.90p. The integrated primary vanadium producer completes the refinancing of its unsecured convertible loan notes issued to OMF Fund III (F) Ltd, which was dated September 29, 2020. It says it has refinanced its convertible debt obligations of USD47.1 million. Chief Executive Craig Coltman says: "I am pleased to announce all conditions set out on the definitive agreement with Orion were met and the refinancing transaction is now completed. We thank Orion for their ongoing support towards the company."

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AIM - LOSERS

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Made Tech Group PLC, down 25% at 9.75p, 12-month range 9.50p-42.00p. The provider of digital, data and technology services issues a trading update, ahead of the publication of its half-year results on February 26. Revenue in the six months ended November 30 fell to GBP19.1 million from GBP20.6 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation more than double to GBP1.4 million from GBP500,000. Made Tech says: "The board anticipates that the procurement market will be impacted by the uncertainty created by the upcoming general election in the short term. Notwithstanding this temporary market backdrop the strong improvements made to Made Tech's operating model and margins, the investment in its commercial offering, combined with its strong balance sheet and contracted backlog, position the group well to execute on its growth strategy."

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CAP-XX Ltd, down 25% at 0.71 p, 12-month range 0.55p-3.25p. The manufacturer of supercapacitors for portable electronic devices reports results for the half-year ended December 31. Revenue in the period increases by 40% to AUD2.3 million, around GBP1.2 million, from AUD1.6 million a year earlier. However, pretax loss widens to AUD3.4 million from AUD2.6 million. Its adjusted Ebitda loss widens to AUD1.1 million from AUD966,000. Chair Pat Elliott and Chief Executive Lars Stegmann says: "The legal costs and unexpected expenses in relation to the departure of the former CEO and investment in new product developments have result in our adjusted Ebitda remaining negative and the company's cash position being tight. However, the board is managing the company's cashflows carefully."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Jul 2018 13:06

Bushveld Minerals Completes "Milestones" At Imaloto Power Project

LONDON (Alliance News) - Bushveld Minerals Ltd said Wednesday its coal and energy subsidiary Lemur Holdings Ltd completed a Social and Environmental Impact Assessment at its power project in the a

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22 May 2018 16:01

Bushveld Minerals Completes 30 Year Agreement To Build Power Plant

LONDON (Alliance News) - Bushveld Minerals Ltd said Tuesday it has signed a 30-year concession agreement with the government of the Republic of Madagascar for the approval to develop, construct an

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27 Apr 2018 12:38

Bushveld Minerals On Track To Keep Pushing Up Vanadium Output

LONDON (Alliance News) - Resources firm Bushveld Minerals Ltd on Friday reported a strong increase in vanadium production in the first quarter of 2018 after the first phase of an expansion mainly

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28 Mar 2018 14:14

Bushveld Minerals Appoints Michael Kirkwood As Non-Executive Director

LONDON (Alliance News) - Bushveld Minerals Ltd, a vanadium miner, said Wednesday it has appointed Michael Kirkwood as senior independent non-executive director starting from a

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26 Mar 2018 18:18

Bushveld Minerals Raises USD22 Million In Equity Placing (ALLISS)

LONDON (Alliance News) - South African vanadium producer Bushveld Minerals Ltd said Monday that it has raised USD22.2 million through an oversubscribed equity a

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13 Dec 2016 11:04

Bushveld to buy stake in Namibia tin project

(ShareCast News) - Diversified mineral explorer Bushveld is to buy an interest in the Uis tin project in Namibia. The company's subsidiary Greenhills Resources will buy a 49% stake in Dawnmin Africa Investments, which is the 85% owner of the tin project, from a consortium of shareholders in Namibia.

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13 Dec 2016 08:37

Bushveld Buys Into Uis Tin Project In Namibia For GBP650,000 (ALLISS)

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21 Oct 2016 08:39

Bushveld Minerals completes £0.75m placing

(ShareCast News) - Bushveld Minerals announced on Friday that it has placed 53,571,430 new ordinary shares of 1p each in the company, at a price of 1.4p each, raising gross proceeds of £0.75m. The AIM-traded firm said the placing coordinator, Beaufort Securities, has been issued 5,357,143 broker war

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5 Oct 2016 10:26

Bushveld Minerals updates on its energy project

(ShareCast News) - Diversified mineral development company Bushveld Minerals updated the market in respect of its 84% owned subsidiary, Bushveld Energy, on Wednesday. The AIM-traded firm launched BE in January 2016 to focus on developing and promoting the role of vanadium in the growing global energ

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5 Oct 2016 08:15

Bushveld Expects Results From Energy Storage Research By Year-End

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15 Jul 2016 15:45

Bushveld Minerals Postpones Completion Of Strategic Minerals Purchase

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20 Jun 2016 07:57

Bushveld Gets Encouraging Results From Groenfontein Tests

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14 Jun 2016 11:08

Bushveld Says Settlement Reached For Imaloto Mining Licence

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13 Jun 2016 09:36

Bushveld To Investigate Energy Storage Opportunities In South Africa

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3 Jun 2016 09:21

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