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AIM WINNERS & LOSERS: Botswana Diamonds up on Thorny River discovery

Wed, 05th May 2021 11:32

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

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AIM - WINNERS

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Botswana Diamonds PLC, up 26% at 1.29 pence, 12-month range 0.40p-1.34p. The diamond miner reports discovery of new, second kimberlite blow at the Thorny River project in South Africa.

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GETECH Group PLC, up 20% at 28.24p, 12-month range 9.06p-46.19p. The geoscience products firm says subsidiary H2 Green Ltd has entered into a non-binding strategic agreement with Element Two Ltd to supply green hydrogen to its refuelling stations.

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AIM - LOSERS

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Remote Monitored Systems PLC, down 14% at 1.30p, 12-month range 0.2p-6.85p. The survey and inspection services provider says main drivers in recent months have been to strengthen manufacturing and supply chain for main subsidiary Pharm 2 Farm Ltd, develop P2F's sales pipeline, and complete a strategic review of the company. Says P2F is "confident that it now has a smooth running, high-quality supply chain" following manufacturing issues. RMS will now start search for permanent chief executive.

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Boohoo Group, down 1.1% at 323.00p, 197.6p-433.50p. The online fashion retailer says it delivered "another set of record results" as the online fashion retailer shrugged off the challenges posed by the pandemic. For the year ended February 28, revenue was up 41% to GBP1.75 billion from GBP1.23 billion the year before, while pretax profit jumped 35% year-on-year to GBP124.7 million from GBP92.2 million. Says although trading in the first few week of current financial year have been encouraging, the economic outlook remains uncertain. Boohoo expects the benefits from reduced returns of unwanted purchases over the year start to unwind, while still experiencing high freight and carriage costs. Boohoo is one of the biggest companies on AIM with a market value of GBP4.1 billion.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
11 Apr 2024 16:23

Botswana Diamonds discovers second anomaly in Kalahari

(Sharecast News) - Botswana Diamonds announced the discovery of a second anomaly on Thursday, close to another anomaly announced on 23 January.

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11 Apr 2024 12:04

Botswana Diamonds down despite potentially lucrative anomaly discovery

(Alliance News) - Botswana Diamonds PLC said on Thursday that it had discovered a second significant anomaly at its KX36 deposit in the Kalahari.

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9 Apr 2024 14:28

IN BRIEF: Botswana Diamonds plans to use AI for geophysical database

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Intends to apply AI techniques to its Botswana database, which contains 375,000 kms of geophysical data, and 32,000 drill holes logs, using Planetary AI Ltd's Xplore mineral prospectivity technology. Chair John Teeling says: "Our mineral database in Botswana is simply vast...Massive databases are suited to analysis by computer-based large data models and artificial intelligence techniques which can analyse substantial amounts of data in a short time. We feed in the data and create the models from our existing knowledge both theoretical and factual. The techniques then produce results. Where it finds inconsistencies or gaps it adapts. It is early stages in both our work and the use of the technique in mineral exploration, but the future potential is huge."

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9 Apr 2024 12:53

Botswana Diamonds set to use AI to analyse database

(Sharecast News) - Botswana Diamonds announced plans to integrate artificial intelligence (AI) techniques into its extensive Botswana database on Tuesday.

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25 Mar 2024 20:43

CORRECT: Mobile Streams loss narrows to GBP289,000

(Correcting that Mobile Streams narrowed its loss.)

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25 Mar 2024 17:28

EARNINGS: Botswana Diamonds weathers "turbulent times" in first half

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

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23 Jan 2024 12:27

IN BRIEF: Botswana Diamonds completes gravity survey in Botswana

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Completes gravity survey over four high-grade geophysical targets near a kimberlite pipe in Botswana. At least one of the four targets, which is located six kilometres south of the existing KX36 diamond discovery, has an "excellent" gravity response, it says. The survey on the KX36 size anomaly is being repeated and correlated with previous results for confirmation. Adds that the next step is to begin drilling. "The new kimberlites targets have great potential to upgrade the existing resources in the area, including at the Ghaghoo mine, which is currently under care and maintenance and only 60 km away from the KX36 project," says Botswana Diamonds.

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22 Jan 2024 14:33

UK shareholder meetings calendar - next 7 days

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Marston's PLCAGM
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Wednesday 24 January 
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Monday 29 January 
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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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20 Dec 2023 17:57

EARNINGS AND TRADING: Half-year loss widens at Triad as revenue falls

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

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8 Dec 2023 14:37

IN BRIEF: Botswana Diamonds spots four anomalies at KX36 project

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Says four anomalies have been spotted close to the KX36 asset in Kalahari. Says it is likely that there are undiscovered buried kimberlites, which usually occur in clusters and not in isolation. Chair John Teeling says: "Kimberlites occur in clusters, currently only KX36 has been discovered in this particular kimberlite field in the Kalahari so there should be more kimberlites waiting to be discovered. This work forms part of our emerging Kalahari strategy which could lead to this area being a major diamond producer."

Read more
8 Dec 2023 14:24

Botswana Diamonds to explore further after finding four anomalies

(Sharecast News) - Botswana Diamonds is set to launch its next phase of exploration, it announced on Friday, as it identified four anomalies near the KX36 project in the Kalahari region of Botswana.

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27 Nov 2023 11:46

IN BRIEF: Botswana Diamonds touts GBP380,000 fundraise for exploration

Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Undertakes fundraising to raise GBP380,000 via the issue of 76.0 million new shares at a placing price of 0.50 pence per share. Expects that the admission of these shares to trading on AIM will become effective on or around December 11. Says net proceeds will contribute to ongoing exploration activities in Botswana and South Africa, and will more specifically help Botswana Diamonds to continue with activities at these assets. Funds will also help to provide additional working capital for the company.

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19 Oct 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 20 October 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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