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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.

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26 Nov 2013 13:00

Bushveld Minerals To Make More Africa Investments Via Lemur Resources

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5 Nov 2013 12:24

Bushveld Minerals takes 54 per cent of Lemur Resources

Shares in South Africa-focused iron ore and tin miner Bushveld Minerals fell after its offer for the takeover of Lemur Resources closed. The full takeover offer closed at 17:00 in Western Australia on Friday, November 1st. Bushveld, however, only managed to acquire an interest of 54.39% of Lemur's

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5 Nov 2013 08:50

Bushveld Minerals' Bid For Lemur Resources Closes

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29 Oct 2013 11:38

Bushveld Minerals Shares Jump 10% On Positive Drilling Results In South Africa

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14 Oct 2013 08:21

UPDATE: Obtala Resources To Buy More Land, Cuts Bushveld Stake

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11 Oct 2013 09:16

Bushveld Minerals Extends Lemur Resources Offer For Final Time

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30 Sep 2013 13:47

Obtala Resources Swings To Loss On Bushveld Minerals-Related Items

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26 Sep 2013 13:16

Bushveld Minerals Acquires 50% Interest In South African Tin Project

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19 Sep 2013 10:25

Bushveld Takes Majority In Lemur, Gets More Positive Test Results

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12 Sep 2013 13:02

Bushveld Minerals Has 52.03% Of Lemur Resources, Extends Takeover Deadline

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22 Apr 2013 14:17

Bushveld unveils details of scoping study at iron ore project

AIM-listed Bushveld Minerals has unveiled details of a scoping study for the initial development phase of its Bushveld Iron Ore project in South Africa. In an operational update issued on Monday, the company reported that a scoping study had delivered an initial low capital expenditure project whic

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19 Mar 2013 11:15

Bushveld Minerals approved to add farms to Limpopo licence 95PR

AIM-listed mineral development company Bushveld Minerals has received approval from the Department of Mineral Resource (DMR) to add two farms to its iron ore licence area in South Africa. In an operational update issued on Tuesday, the company reported that its Section 102 application to add farms

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7 Feb 2013 11:31

Bushveld Minerals unveils resource update for Limpopo projects

AIM-listed mineral development company Bushveld Minerals failed to impress investors with a resource update on its iron and tin projects in the Limpopo province of South Africa. The group reported that 184m tonnes of indicated and inferred high grade iron layer had been identified with the potentia

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