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TRADING UPDATES: BATM reports Edgility progress, Rambler starts sale

Mon, 17th Apr 2023 19:43

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

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Schroder UK Public Private Trust PLC - investment trust geared to investing in a diversified global portfolio of private and public equity companies - Reports net asset value fell 41% to 28.52 pence at December 31 from 48.08p in the previous year. Explains performance was primarily driven by the fall in the share price of its largest holding, Oxford Nanopore and other legacy private investments including Rutherford, BenevolentAI and Atom Bank. Highlights progress in tilting portfolio towards venture, growth or life sciences, with new six new private investments made in 2022.

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Harland & Wolff Group Holdings PLC - infrastructure projects operator whose assets include a shipyard in Belfast - Shares findings of the large-scale hydrogen concept study by Atkins, in connection with its Islandmagee Gas Storage Facility that was initiated last year. Report states hydrogen can be stored in salt caverns and withdrawn to a hydrogen grid when required. Notes additional capital expenditure would be required to integrate hydrogen compression, dehydration, and cooling into the gas storage facility of around GBP168 million. Company believes the findings takes it one step further in future proofing the project.

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Bluebird Merchant Ventures Ltd - South Korea-focused gold development company - Needs to provide further detail as part of application for Mountain Temporary Use Permits at Kochang and Gubong mines. Notes a requirement to provide within 90 days measures to reduce the risk of environmental impact and to conduct a successful wider community consultation and gain of support beyond the immediate area. Suggests this brings local politics into play over which the company has no part. Believes it has more than adequately covered these aspects already. Separately, announces repayment of all outstanding loans meaning the company is debt free and has sufficient funding for the next 12 months based on its current plan.

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Thor Energy PLC - US and Australia-focused uranium and energy metals resource company - Announces results from the Ambient Noise Tomography survey at the Alford West Project, South Australia, by 30% owned EnviroCopper Ltd. Reports the ANT survey successfully delineates the weathered "trough" like structures that host oxide copper-gold mineralisation within the Alford Copper Belt. States the findings will be integrated with historical drilling data to generate a new drilling programme, targeting higher-grade oxide copper-gold mineralisation. Adds future drilling will be focused on areas with low-density contrast which have been shown to host oxidised copper mineralisation.

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BATM Advanced Communications Ltd - Hod Hasharon, Israel-based networking and medical technology company - Announces that the first enterprise deployment of its Edgility edge computing and virtual networking solution is ahead of schedule. Reports initial launch with Cemex has been a success and a global rollout is now targeted for completion this year thereby accelerating the group's revenue recognition under this contract. Reports excellent progress under contract with CityFibre with further orders expected. Moti Nagar, Chief Executive Officer of BATM said: "Revenue from Edgility in the first quarter of 2023 almost equalled that generated for the whole of 2022, and we remain on track for significant growth in our sales of Edgility this year."

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Zenith Energy Ltd - Calgary, Canada-based energy company with production, exploration and development assets in Africa and Europe - Reports all resolutions were passed at AGM held on April 14. In addition, confirms it is currently performing the necessary legal and technical work for the finalisation of a Production Sharing Contract for the Seme oilfield, offshore Benin.

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NB Distressed Debt Investment Fund Ltd - Guernsey-incorporated closed-ended fund invests in distressed, stressed and special situations investments - Announces USD8.15 million in further capital distributions for the Extended Life and GBP2.17 million for the New Global share classes. Explains the distributions result from the successful finalisation of the Buffalo Thunder notes restructuring which generated cash proceeds that are available for distribution.

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Rambler Metals & Mining PLC - Owner of Ming copper-gold mine in Baie Verte, Newfoundland and Labrador - Reports Rambler Metals and Mining Canada Ltd has started a sale and investment solicitation process for the Rambler Group to be conducted by Grant Thornton. The process will be conducted in the context of ongoing proceedings under the Companies' Creditors Arrangement Act. Interested parties should submit offers by May 19. Company stresses there can be no assurance with respect to the levels of recovery, if any, for unsecured creditors or shareholders.

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Angle PLC - Surrey, England-based medical diagnostics company - Announces the presentation of a poster at the American Association for Cancer Research annual meeting, in Orlando, Florida, between Friday last week and Wednesday this week. Explains the poster demonstrates the feasibility of combining immunofluorescent and HER2 fluorescence in-situ hybridization analysis with circulating tumour cells harvested using the Parsortix system. Additionally, points out the study demonstrated the successful isolation of CTCs from the blood of metastatic breast cancer patients using the Parsortix system. Notes the analytical sensitivity and specificity of Angle's portrait flex assay for HER2 protein expression detection were both greater than 90%.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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

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4 Mar 2024 14:13

EARNINGS AND TRADING: Macau NAV falls; SolGold inks Cascabel deal

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

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16 Feb 2024 15:15

UK shareholder meetings calendar - next 7 days

Monday 19 February 
Cloudbreak Discovery PLCGM
East Imperial PLCGM re capital reorganisation
Oxford Cannabinoid Technologies Holdings PLCGM re convertible loan note agreement with Cantheon
Residential Secure Income PLCAGM
Tuesday 20 February 
abrdn Equity Income Trust PLCAGM
Carr's Group PLCAGM
Dewhurst Group PLCAGM
Duke Royalty LtdEGM re changing name to Duke Capital
Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
Friday 23 February 
Blencowe Resources PLCAGM
Bluebird Merchant Ventures LtdAGM
Caledonian Trust PLCAGM
Chemring Group PLCAGM
Marble Point Loan Financing LtdEGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

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

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29 Aug 2023 12:52

IN BRIEF: Bluebird Merchant shares rise as interim loss narrows

Bluebird Merchant Ventures Ltd - South Korea-focused gold company primarily focused on bringing historic mines back into production - Reports a pretax loss of USD216,262 in the first half of 2023, narrowed significantly from a loss of USD853,955 the previous year. Narrowed loss comes as the company recorded a USD286,683 finance gain and USD95,613 exchange gain compared to the losses recorded in the year prior. Declares no dividend. Expects to have "full clarity" on the potential of its three projects by the next time it reports.

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23 Aug 2023 10:33

Catalyse Capital to buy Southern Gold's shareholding in Bluebird

(Alliance News) - Bluebird Merchant Ventures Ltd on Wednesday noted that Catalyse Capital Ltd is buying Southern Gold Ltd's shares in Bluebird.

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10 Jul 2023 14:10

Bluebird Merchant commits to bringing two mines into production

(Alliance News) - Bluebird Merchant Ventures Ltd on Monday reported some positive progress on securing the legal permits required to advance two of its projects in South Korea.

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15 Jun 2023 13:53

IN BRIEF: Bluebird Merchant wins approval for Batangas project plan

Bluebird Merchant Ventures Ltd - South Korea-focused gold company - Receives approval from the Mines & Geosciences Bureau for its two-year community development plan at its Batangas gold project in the Philippines. Says this is a "significant step forward". The approval allows for groundwork including supplementary drilling to commence at the Lobo project area. The Lobo area has ore reserves of 171,000 tonnes at 6.6 grams per tonne for 36,000 ounces of gold.

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26 Apr 2023 17:58

EARNINGS SUMMARY: Bluebird swings to loss, RBG profit rises strongly

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

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20 Mar 2023 14:16

Bluebird Merchant receives full GBP1.2 million placing proceeds

(Alliance News) - Bluebird Merchant Ventures Ltd on Monday said it has now received its full placing proceeds of GBP1.2 million.

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20 Mar 2023 09:57

SMALL-CAP WINNERS & LOSERS: Canadian Overseas Petroleum gets funding

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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6 Mar 2023 11:50

Bluebird Merchant raises GBP1.2 million for South Korean gold mines

(Alliance News) - Bluebird Merchant Ventures Ltd on Monday said that it has raised GBP1.2 million via a placing of 60.8 million shares in order to fund its gold mine projects.

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27 Feb 2023 19:42

TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

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

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7 Feb 2023 14:40

TRADING UPDATES: Northcoders buys Tech Returners; Starvest loss widens

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

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