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Pin to quick picksBlencowe Resou. Share News (BRES)

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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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23 Jun 2022 11:10

IN BRIEF: Blencowe Resources narrows half-year loss, sees progress

Blencowe Resources PLC - London-based miner focused on developing the Orom-Cross graphite project and Akelikongo nickel project in Uganda - Posts lower interim loss as it reports "excellent progress" at its Orom-Cross project. Pretax loss in the half-year ended March 31 narrows to GBP356,336 from GBP629,681 a year ago.

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UK shareholder meetings calendar - next 7 days

Thursday 17 February 
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Highway Capital PLCAGM
Oilex LtdGM re placing
Virgin Money UK PLCAGM
Watkin Jones PLCAGM
Friday 18 February  
Helical PLCGM
SimiGon PLCGM re merger with Maxify, Power Breezer
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Gooch & Housego PLCAGM
Income & Growth VCT PLCGM re share subscription
Mobeus Income & Growth 2 VCT PLCGM re share subscription
Mobeus Income & Growth 4 VCT PLCGM re share subscription
Mobeus Income & Growth VCT PLCGM re share subscription
RWS Holdings PLCAGM
Tharisa PLCAGM
Titon Holdings PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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