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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: 0.55
Bid: 0.50
Ask: 0.60
Change: 0.00 (0.00%)
Spread: 0.10 (20.00%)
Open: 0.55
High: 0.55
Low: 0.525
Prev. Close: 0.55
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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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21 Jun 2019 12:26

Bushveld Minerals Says Brits Grade "Among The Highest In The World"

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21 Jun 2019 09:46

Bushveld Minerals reports maiden mineral resource for Brits project

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Bushveld Minerals Not Aware Of Reason Behind Share Price Movement

LONDON (Alliance News) - Vanadium producer Bushveld Minerals Ltd on Tuesday said it is not aware of any reason behind recent movement in its share price.Bushveld shares were trading 9.6% at

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WINNERS & LOSERS SUMMARY: Sirius Minerals Down After Fundraising

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1 May 2019 09:36

Bushveld Minerals to acquire South African vanadium assets

(Sharecast News) - Vanadium producer Bushveld Minerals agreed to purchase multiple South African production assets from Duferco for an aggregate cash consideration of $68m.

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1 May 2019 09:21

Bushveld Minerals Adds Vanchem Plant To South African Portfolio

LONDON (Alliance News) - Vanadium miner Bushveld Minerals Ltd on Wednesday announced a USD68 million deal for vanadium and ferrovanadium assets in South Africa.Shares were 16% higher on in

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10 Apr 2019 13:30

Development Bank Of South Africa Backs Bushveld Minerals In Madagascar

LONDON (Alliance News) - Bushveld Minerals Ltd on Wednesday said its coal and energy subsidiary has signed a finance deal, with further talks with lenders ongoing.Lemur Holdings Ltd is the

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10 Apr 2019 08:02

Bushveld subsidiary secures loan facility for Imaloto power station project

(Sharecast News) - Bushveld Minerals has arranged a loan facility with the Development Bank of Southern Africa for its Lemur Holdings subsidiary.

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5 Apr 2019 11:48

Bushveld Minerals Hires New Bushveld Vametco Project General Manager

LONDON (Alliance News) - Vanadium producer Bushveld Minerals Ltd on Friday said it has appointed a new general manager for Bushveld Vametco and a new head of finance for the group.Bertina a

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27 Mar 2019 10:08

Bushveld Minerals Optimistic On Energy Storage Efforts In South Africa

LONDON (Alliance News) - Bushveld Minerals Ltd on Wednesday said South Africa's power generation problems are an opportunity for its Energy business.In recent weeks, state-owned Eskom a

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13 Feb 2019 09:12

Bushveld Minerals Finishes Feasibility Work For Part Of Imaloto

LONDON (Alliance News) - Bushveld Minerals Ltd on Wednesday said it has finished reviewing a feasibility study for part of its Imaloto coal and power project in Madagascar.Bushveld, via and

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30 Jan 2019 09:15

Soaring Vanadium Prices Offset Bushveld Minerals Production Miss

LONDON (Alliance News) - Bushveld Minerals Ltd's revenue and earnings soared in 2018, the company said Wednesday, despite missing production guidance.Shares were down 5.0% on Wednesday

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7 Dec 2018 14:39

Bushveld Minerals Accepts Findings Of AIM Rule Breach Investigation

LONDON (Alliance News) - Bushveld Minerals Ltd on Friday said it has accepted the findings of an investigation and agreed settlement terms relating to an AIM rule breach.The London Stock a

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Bushveld Minerals Unit Recommences Eskom Battery Project Prep Work

LONDON (Alliance News) - Bushveld Minerals Ltd said Thursday preparatory work for the Eskom battery project has recommenced following electrolyte contamination.The original timeline for the

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