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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: 0.65
Bid: 0.60
Ask: 0.70
Change: -0.048 (-7.41%)
Spread: 0.10 (16.667%)
Open: 0.65
High: 0.675
Low: 0.60
Prev. Close: 0.648
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.

More News
22 May 2014 11:36

Bushveld Minerals Extends Due Diligence On Zaaiplaats Acquisition

LONDON (Alliance News) - Bushveld Minerals Ltd Thursday said it has agreed with the owners of the Zaaiplaats site to extend the technical due diligence and evaluation period on its potential acquisition of the Zaaiplaats Tin Tailings Dump in South Africa. The mineral development company wit

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7 May 2014 12:56

Bushveld Minerals Gets Positive Results From Flotation Work

LONDON (Alliance News) - Bushveld Minerals Ltd Wednesday said follow-up flotation work at its P-Q Zone deposit in the Limpopo province of South Africa demonstrates improved recoveries and the scope for premium phosphorus concentrate production. The mineral development company with several o

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7 May 2014 07:26

UK MORNING BRIEFING: King Bows Out Of Sainsbury's With Profit Rise

LONDON (Alliance News) - Shares have opened lower Wednesday amid continued concerns about the deteriorating situation in Ukraine and some disappointing data from China and Europe.

In his last annual results presentation as Sainsbury's chief executive, Justin King re

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16 Apr 2014 08:28

Bushveld Minerals' Lemur Resources Gets Tunure Over Madagascar Permit

LONDON (Alliance News) - Bushveld Minerals Ltd Wednesday said its Lemur Resources unit had won a ruling in the Madagascan city of Tulear that will allow it continue to hold tenure over mining permit 4578 in the country. In a statement, Lemur said it is still waiting on a ruling from a court

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31 Mar 2014 11:58

Bushveld Increases Inferred And Indicated Mineral Resource By 29%

LONDON (Alliance News) - Bushveld Minerals Ltd Monday said it has substantially upgraded its mineral resource on the P-Q Deposit at its Bushveld Iron Ore Project in South Africa. The mineral development company with several operations in Southern Africa said its total inferred and indicated

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25 Mar 2014 13:16

Bushveld Minerals to acquire majority stake in Zaaiplaats Dump

Bushveld Minerals, an AIM-listed mineral development company in South Africa, has signed an agreement to acquire the Zaaiplaats Tin Tailings Dump, which is estimated to contain between 2,600 and 4,500 tonnes of tin. The Zaaiplaats Dump is an asset owned by Zaaiplaats Mining, which is currently 60%-

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25 Mar 2014 12:57

Bushveld Minerals Plans Zaaiplaats Tin Tailings Dump Acquisition, Signs Funding Agreement

LONDON (Alliance News) - Bushveld Minerals Ltd Tuesday said it has signed an agreement to acquire the Zaaiplaats Tin Tailings Dump in South Africa from Brent Trust and Sephaku Tin Pty Ltd. The mineral development company with several operations in Southern Africa said it will acquire an equ

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19 Mar 2014 11:27

Bushveld Confirms Extension Of Phosphate Zone After Further P-Q Hanging Wall Assays

LONDON (Alliance News) - Bushveld Minerals Ltd Wednesday said that further assay results from drilling in its P-Q Hanging Wall site at the Bushveld Iron Ore Project in the Limpopo Province in South Africa have confirmed the extension of a phosphate-bearing zone on site. The mineral developm

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21 Feb 2014 09:41

Bushveld Minerals Granted Prospecting Rights Extension, Continues Upgrade Plan

LONDON (Alliance News) - Bushveld Minerals Ltd Friday said it has been granted extended prospecting rights at the Bushveld Iron Ore Project in the Limpopo Province in South Africa, a move that will progress a resource upgrade. The mineral development company with several operations in Afric

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21 Feb 2014 08:18

UK MORNING BRIEFING: RBS, Glaxo Among The Early Risers

LONDON (Alliance News) - Royal Bank Of Scotland Group is one of the top gainers early Friday on a report that it will shrink dramatically, while GlaxoSmithKline is off to a good start after one of its new drugs was recommended for approval in Europe.

The London equity markets are hi

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12 Feb 2014 11:52

Bushveld Minerals Updates On Vanadium Project, Delays P-Q Resource Upgrade

LONDON (Alliance News) - Bushveld Minerals Ltd Wednesday provided an update to its operations at the Bushveld Vanadium Project and Bushveld P-Q Project, but it noted a delay in releasing its resource upgrade. The mineral development company with several operations in Africa said it has comp

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12 Feb 2014 08:25

UK MORNING BRIEFING: Telecity Drops 13% As Market Awaits BOE

LONDON (Alliance News) - Shares have opened mostly flat Wednesday, as the market awaits the Bank of England's Quarterly Inflation Report at 1030 GMT.

Telecity is holding back the FTSE 250. The data-centre provider is down 13% after announcing higher 2013 profit and

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28 Nov 2013 15:16

UPDATE: Bushveld Minerals Loss Narrows, Gives Lemur Update

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28 Nov 2013 10:36

Bushveld To Step Up Madagascar Investments Following Lemur Acquisition

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27 Nov 2013 12:46

Bushveld Minerals Goes For Vanadium At Its Iron Ore Project

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