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UK TRADING UPDATE SUMMARY: Blencowe And BlueRock Recommence Operations

Mon, 11th May 2020 12:03

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Monday and not separately reported by Alliance News:

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Open Orphan PLC - pharmaceutical services - Subsidiary hVIVO enters contract with Nasdaq-listed diagnostics firm Quotient to use MosaiQ system and MosaiQ Covid-19 antibody microarray to screen for SARS-CoV-2 antibodies, which is produced when humans are infected with Covid-19.

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Avacta Group PLC - biotherapeutics - To ship Affimer reagents for the development of a point-of-care saliva-based Covid-19 antigen test strip by Cytiva, for CE Marking in Europe and US Food & Drug Administration approval. Will also be sent to Adeptrix, which is developing Covid-19 laboratory test to run on hospital mass spectrometers.

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BlueRock Diamonds PLC - diamonds - Recommences operations at Kareevlei diamond mine in Kimberley, South Africa. Expects to start operations at full capacity by the end of May, but expansion plans on hold.

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Chesterfield Resources PLC - mineral exploration - Plans to resume drilling operations on its Troodos West licences by mid-June, following government of Cyprus providing a detailed four-phase roadmap out of lockdown, which is spread over the next two months up until July 14.

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Blencowe Resources PLC - mining - Recommences key metallurgical test work on Orom-Cross graphite project in Uganda, after being on hold for six weeks since late March due to lockdown. Due to restart 59-hole diamond drilling programme, which is designed to deliver a maiden JORC resource during the middle of 2020.

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Phoenix Spree Deutschland Ltd - real estate - Rent collection for April at 98% compared to 99% in January. Refinances EUR16.4 million in debt acquired as part of acquisition of Brandenburg apartment complex. Will pay second dividend of 5.15 cents per share, remain confident in long-term outlook.

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Petro Matad Ltd - Mongolian oil explorer - Executive directors, non-executive directors and senior managers to take salary cut averaging 50%, backdated to the start of second quarter of 2020. Professional advisers to reduce its fees by up to 45%. To focus on securing Block XX exploitation licence and retaining its Block V exploitation licence.

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Anglo African Agriculture PLC - agriculture investment - Trading subsidiary Dynamic Intertrade remains fully operational despite South Africa lockdown, due to providing essential services as a food manufacturer. Expects revenue for six months ending October 31 to double year-on-year. Progress with Comarco transaction protracted due to general market environment.

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iEnergizer Ltd - media and technology services - Continues to trade effectively in lockdown imposed by government of India. Business operating at 80% to 90% efficiency to its clients. Balance sheet, net cash position and long-term customer relationships remain strong.

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Cake Box Holdings PLC - cakes retailer - Following initial trial of limited number of stores operating Click & Collect service and delivery in partnership, now has 79 franchise stores open, offering a limited menu of products. Expects to have full high street estate open by early June.

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Midwich Group PLC - audio-visual distributor - Delivered strong performance in 2019, with growth in revenue and rise in profit. Challenging trading conditions over the past two months, expected to continue until lockdown conditions in Europe and North America are "significantly eased".

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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15 Apr 2024 10:17

Blencowe makes progress on Uganda project feasibility study work

(Alliance News) - Blencowe Resources PLC on Monday reported "significant progress" on its definitive feasibility study work for its project in Uganda.

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10 Apr 2024 12:40

Blencowe receives third tranche of funding for graphite project

(Alliance News) - Blencowe Resources PLC announced on Wednesday the receipt of a third tranche of its grant from the US International Development Finance Corp, to fund work on the Orom-Cross graphite project in Uganda.

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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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6 Feb 2024 17:35

TRADING UPDATES: Power Metal firms Tati gold; Union Jack inks deal

(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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31 Jan 2024 14:30

EARNINGS: BSF Enterprise "making great strides", Sylvania ups earnings

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

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29 Jan 2024 11:57

Blencowe Resources receives letter of interest for debt funding

(Alliance News) - Blencowe Resources PLC on Monday said it received a formal letter of interest regarding a participation in debt funding by the US International Development Finance Corp.

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25 Jan 2024 21:59

TRADING UPDATES: Karelian gets permit extension, Starwood ups dividend

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

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2 Jan 2024 11:55

Blencowe Resources ships bulk graphite to China for testing

(Alliance News) - Blencowe Resources PLC on Tuesday said 600 tonnes of bulk sample graphite mined at its Orom-Cross project have been shipped to China for testing, and reported that it expects a grant funding from the US to complete soon.

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11 Dec 2023 20:44

TRADING UPDATES: Ondine Biomedical raises GBP2.9 million via placing

(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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30 Oct 2023 14:30

TRADING UPDATES: Helium One says Tai-3 rig temporarily shut down

(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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10 Oct 2023 13:15

Blencowe Resources receives first USD1 million grant funding

(Alliance News) - Blencowe Resources PLC on Tuesday said it has received its first USD1 million mobilisation tranche payment from the Development Finance Corp.

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22 Sep 2023 18:06

TRADING UPDATES: Blencowe hails USD5 million grant; Kodal progresses

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

Read more
22 Sep 2023 08:49

Blencowe shares soar on US government investment

(Sharecast News) - Shares in Blencowe Resources surged on Friday after the Uganda-focused graphite miner said it had received $5m in US government support for its Orom-Cross project.

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4 Sep 2023 14:02

Blencowe says bulk sample confirms high quality graphite at Orom-Cross

(Alliance News) - Blencowe Resources PLC on Monday said China-based specialist laboratory, Jilin New Technology, has completed additional metallurgical test work on the Orom-Cross graphite project.

Read more
14 Aug 2023 11:13

IN BRIEF: Blencowe completes "critical" part of bulk sampling study

Blencowe Resources PLC - London-based graphite miner operating the Orom-Cross project in northern Uganda - Says it has successfully completed a "critical component" of the project's definitive feasibility study, with the successful scaled commercialisation of the flowsheet within the bulk sample processing at a pilot plant graphite production facility in China. Blencowe expects the bulk sample test programme to be completed by the end of the month. The 100 tonne pilot plant process is confirming the Orom-Cross ores' commercial processing viability and is currently nearing completion. Blencowe says sampling results continue to show that Orom-Cross can deliver in bulk a high-grade, low impurity concentrate. Says Chinese graphite offtake firms have expressed interest in "substantial quantities" of larger flake and fine concentrates from the project, and that several firms also have approached Blencowe regarding in-country downstream processing opportunities.

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