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Share Price Information for Blencowe Resources (BRES)

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Share Price: 5.55
Bid: 5.30
Ask: 5.80
Change: 0.00 (0.00%)
Spread: 0.50 (9.434%)
Open: 5.55
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Low: 5.55
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TRADING UPDATES: i-nexus to deliver growth; Craven House loss narrows

Mon, 27th Feb 2023 19:42

(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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Craven House Capital PLC - London-based investment fund with minority shareholding in four Swedish-managed eCommerce and pharmaceutical businesses - Records a pretax loss of USD72,000 in the six months to November 30, narrowed from USD78,000 in the same period a year before, as administrative expenses fall to USD72,000 from USD78,000. Records no revenue, unchanged from a year before.

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Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Completes its 100 tonne bulk sample mining at its Orom-Cross Graphite project located in northern Uganda. Says that transport is underway to its graphite processing specialist Jilin Huiyang New Material Technology Co Ltd to start the final stage of metallurgical testing in its existing facilities. "We are very confident in the product to be produced from Orom-Cross, especially given the lack of impurities within the concentrate in all testing thus far. If we can continue to demonstrate this quality in the months ahead we will be in excellent shape to complete this pre-qualification process," Executive Chair Cameron Pearce says.

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CQS New City High Yield Fund Ltd - investor in high yield fixed interest securities - Net asset value per share as at December 31 falls 1.8% to 48.39 pence from 49.30 pence as at June 30. Cites weak markets, higher inflation, unstable governments, crippling energy prices and rising interest rates. Records a NAV total return of 3.3% and a share price total return of 7.8%. Declares two dividends of 1.00 pence in the period, maintaining the level of those declared in the same period last year. Anticipates that earnings per ordinary share for the whole year will fall a little short of the total dividend. Says that basic and diluted EPS amounted to 2.70 pence in the period.

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Jadestone Energy PLC - Asia Pacific-focused oil and gas company - Reports good progress on the Montara Venture FPSO tank repairs at its Montara project offshore Australia. Notes that several days have still been lost to weather-related delays and production restart.

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Bluebird Merchant Ventures Ltd - South Korea-focused gold development company - Says the results for its scoping study for its Kochang and Gubong gold projects in South Korea show "excellent" initial validation of the projects' economic potential. Says it shows potential to increase mineral resources given vein extensions in unmined areas across both mines. Says that discussions with project financiers and streaming partners are ongoing.

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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports that its portfolio company, PDS Biotechnology Corp had a "successful" meeting with the FDA for a combination therapy of PDS0101, PDS0301 and an FDA-approved immune checkpoint inhibitor for the treatment of recurrent metastatic human papilloma virus. The virus can cause genital warts or cancer. "We are pleased with the guidance from the FDA on key elements of a study design to progress the development of our assets, PDS0101 and PDS0301, in combination with a commercial immune checkpoint inhibitor. This concurrence to substitute an FDA-approved commercially available ICI for the investigational agent studied in the NCI trial simplifies the regulatory pathway for this triple combination," PDS Chief Executive Frank Bedu-Addo comments.

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Rambler Metals & Mining PLC - Richmond, England-based, Canada-focused mining and development company - Applies for an initial order for creditor protection from the Supreme Court of Newfoundland & Labrador under the Companies' Creditors Arrangement Act. Enters into a conditional debtor in possession agreement for a loan of USD5.0 million with RMM Debt Ltd Partnership by its General Partner RMM General Partner Inc.

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Engage XR Holdings PLC - Waterford, Ireland-based virtual reality software and technology group - Enters into a subscription deal with HTC for GBP580,000 for 14.5 million shares at a price of 4 pence per share. Says that the gross proceeds will provide the company with total gross proceeds of EUR10.5 million, together with the gross proceeds from its placing. Says that its issued share capital will consist of 524.8 million shares.

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Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Receives assay results showing "good" intersections from boreholes that are located within the area at its Zulu lithium and tantalum project. "We continue to see good intersections within the main spodumene rich pegmatite that are both encouraging for the long term and supportive of our decision to commence operations with the large-scale pilot plant as we have done," Chief Executive George Roach comments.

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i-nexus Global PLC - Coventry, England-based software company - Continues to make "steady progress" with the growth of its customer base since the start of its financial year which is going to end in September. Remains "on track" to deliver another year of double-digit growth in net monthly recurring revenue. Adds that its sales pipeline is "strong", with multiple businesses in active dialogue or trials. Believes that its market continues to expand. Believes it is "well positioned" with a differentiated offering to deliver a year of growth.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Jun 2023 13:56

IN BRIEF: Jangada Mines notes Blencowe's completion of test work

Jangada Mines PLC - London-based mining company focused on Brazil - Notes the announcement released by Blencowe Resources PLC in which it holds a 9.5% interest. Blencowe completes critical metallurgical test work on a "substantially increased scale of 150 kilograms by leading Chinese graphite metallurgical test laboratory at Wuhan University". Says results continue to highlight a high grade, low impurity concentrate. Says Blencowe now has "considerably more volume of end product concentrate to send to potential offtake and strategic parties ahead".

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19 Jun 2023 13:35

IN BRIEF: Blencowe completes Orom-Cross metallurgical test work

Blencowe Resources - London-based mineral exploration and development company - Successfully completes metallurgical test work on its Orom-Cross graphite project in Northern Uganda on a substantially increased scale of 150 kilograms. Testing developed by Chinese graphite test laboratory at Wuhan University in partnership with Jilin New Technology. Says results indicate a high grade, low impurity concentrate. The company has more volume of end product concentrate to send to potential offtake and strategic parties ahead. Blencowe says that open cycle flotation test produced recoveries between 92% to 94% and a concentrate grades range between 95% and 98% for all graphite mesh sizes.

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2 Jun 2023 11:02

Blencowe Resources loss widens as progresses Uganda graphite project

(Alliance News) - Blencowe Resources PLC on Friday said its half-year loss widened, as it focuses on completing a feasibility study and securing funding for its Orom-Cross graphite project in Uganda.

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18 May 2023 14:29

IN BRIEF: Blencowe raises GBP635,000 for Orom-Cross study

Blencowe Resources PLC - London-based natural resources company focussed on the development of the Orom-Cross graphite project in Uganda - Raises GBP635,000 at 5 pence per share through issue of 12.7 million shares. Placing proceeds will be used to assist the Orom-Cross definitive feasibility study work started early this year, managed by leading firm CPE Engineering. The company will issue investors in the placing with one warrant per two placing shares, exercisable at 8 pence for a period of three years. Jangada Mines PLC, which owns roughly a 9.5% stake in Blencowe, noted the announcement.

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8 Feb 2023 15:47

UK shareholder meetings calendar - next 7 days

Thursday 9 February 
Compass Group PLCAGM
easyJet PLCAGM
Ethernity Networks LtdEGM capital raise
Oxford Metrics PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Triple Point VCT 2011 PLCGM re cancellation and extinguishment of shares
Tritax EuroBox PLCAGM
Zytronic PLCAGM
Friday 10 February 
Red Rock Resources PLCAGM
Victrex PLCAGM
Monday 13 February 
Cellular Goods PLCAGM
Tuesday 14 February 
Tui AGAGM
Wednesday 15 February 
Barkby Group PLCAGM
Blencowe Resources PLCAGM
Circle Property PLCEGM re capital reduction and shares capitalisation
GCP Infrastructure Investments LtdAGM
Helium One Global LtdAGM
Petro Matad LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Jan 2023 11:55

Blencowe appoints CPC Engineering for study at Ugandan project

(Alliance News) - Blencowe Resources PLC on Monday said it has appointed engineering firm CPC Engineering to manage the definitive feasibility study at its Orom-Cross graphite project in Uganda.

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16 Jan 2023 11:58

IN BRIEF: Blencowe notes final metallurgical test for graphite project

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Begins final metallurgical test procedure for Orom-Cross graphite project in Uganda. Sends samples to Wuhan University of Technology in China and to US graphite technical firm American Energy Technologies Co for spheronised purified graphite and expandables testing. The tests aim to confirm that Orom-Cross concentrate upgrades efficiently to an over 99.95% battery grade product.

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11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

(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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6 Dec 2022 21:50

TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC

(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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26 Oct 2022 14:39

TRADING UPDATES: Ecora expects to profit off softer commodity prices

(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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5 Oct 2022 22:06

TRADING UPDATES: Blencowe Resources sees potential interest from China

(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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26 Sep 2022 21:46

TRADING UPDATES: Goldplat appoints chair; 3i portfolios make progress

(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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6 Sep 2022 20:31

TRADING UPDATES: Wishbone drilling impresses; Avation leases aircraft

(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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19 Jul 2022 14:46

IN BRIEF: Blencowe Resources ends Orom-Cross pre-feasibility study

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Completes pre-feasibility study on time and on budget. Says the study indicates a robust and "profitable" graphite mining operation at the Orom-Cross graphite project in Uganda. Estimates a net present value of USD482 million and a 14-year mine life that can be increased by additional drilling. Plans to move towards initial stage production at Orom-Cross by the second half of 2023.

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