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Pin to quick picksGem Diamonds Di Share News (GEMD)

Share Price Information for Gem Diamonds Di (GEMD)

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Share Price: 12.75
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Ask: 12.95
Change: -0.05 (-0.39%)
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Open: 12.55
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TRADING UPDATES: BiVictriX patent boost; 4Global deal extended

Wed, 15th Nov 2023 13:05

(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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Bivictrix Therapeutics PLC - Macclesfield, England-based biotechnology company is focused on cancer therapies - Japanese Patent Office grants patent which provides "broad protection" for BiVictriX's lead asset BVX001. It follows similar news from the US Patent & Trademark Office in August. "The approval of this patent in Japan, which follows swiftly after the granting of our patent in the US, puts BiVictriX in a strong IP position in two key global markets. With plans to prosecute in a further six global jurisdictions, we are building strong protection for our lead therapeutic asset, at the broadest level, enhancing the value of BVX001 as we prepare for first in human studies and refine the optimal drug development and commercialisation strategy," Chief Executive Tiffany Thorn says.

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4Global PLC - Chiswick, London-based data, services and software company focused on sporting events and promoting physical activity - Reports "extension" to Sport England 'Moving Communities' contract. Sport England's Moving Communities offering "measures public leisure's contribution to active communities", the non-departmental UK public body says. 4Global says there is a "one year variation to year three of its four-year" pact with Sport England. "A significant proportion of 4Global revenue associated with the variation will be delivered and recognised in the current financial year," it says.

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Blue Star Capital PLC - investor in E-sports, gaming and blockchain sector - Investee SatoshiPay Ltd is scoping out potential investor interest. Benchmark International, an M&A advisory, is to produce an accurate valuation for the company and potential expressions of interest for an acquisition. Blue Star has a 28% stake in SatoshiPay, first backing it in 2017. "Based off of the last external funding round that took place between February and May 2019, SatoshiPay was valued at EUR19.2 million. The board wishes to stress that the process may or may not lead to an acceptable offer for the sale of part or all of its shareholding in SatoshiPay and Blue Star is under no obligation to accept any offers received. It's the board's belief that while SatoshiPay has made significant progress in recent years, it would benefit from an investor better equipped both financially and strategically to support SatoshiPay's aggressive growth plans," Blue Star says.

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Schroders Capital Global Innovation Trust PLC - London-based investment trust with a diversified portfolio of global private and public equity companies - Makes USD2.0 million investment in "an emerging segment of artificial intelligence software". Backing made through co-investment partner, MMC Ventures.

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Malvern International PLC - London-based learning and skills development company - Reports extension to contract with University of East London for the teaching and recruitment of students into UEL's International Study Centre. Contract renewed to end of 2024/25 academic year. Malvern adds: "UEL's International Study Centre has welcomed its biggest intake of [around] 450 students in September 2023, and is set for further year-on-year growth in the January 2024 intake and over the coming years as we build on our sales and marketing efforts and continue to provide high-quality foundation and pre-university education to international students." In addition, Malvern announces non-board appointment of Stephen Harvey as chief development officer. Harvey will be responsible for "growing its global network of university and higher education partnerships".

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Audioboom Group PLC - publisher of podcasts - Launches new offering to help automation of booking of advertising for creators. "AdVet has been rolled out to the top 200 podcasts in the Audioboom Creator Network, following a successful test phase during which transaction times for bookings were reduced by more than 60%. Creators utilizing AdVet are presented with premium advertising opportunities in real time. The tool enables them to accept ad campaigns with one-click, and receive bookings immediately," Audioboom says. "AdVet will be used to process more than 500 advertising campaigns each month. It will significantly reduce transaction times, improve audience targeting, increase return on investment for brands, and will optimize Audioboom's win-rate of brand budgets."

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Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces partnership with Colorado, US-based CBD products company Chill Brands Group PLC, also a London listing. Cellular Goods will launch products on the Chill.com wellness and relaxation products marketplace in the UK and US. Cellular Goods adds: "The full Cellular Goods 'Look Better' skincare range will be listed for purchase on Chill.com including the best-selling Rejuvenating Face Serum, Rejuvenating Night Cream and Nourishing Face Oil which are all powered by the company's breakthrough anti-inflammatory, CBG. CBG has been shown to prevent inflammation in the skin, known to accelerate skin ageing, without the side effects associated with industry-standard ingredients retinol and vitamin C."

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Vinanz Ltd - bitcoin mining company - Acquires additional 171 bitcoin miners. "These 171 new ASIC miners will add about 17 petahash per second of processing power to Vinanz's fleet and will soon be joined by another 80 new miners which the company expects to acquire later in the year and which will take our overall processing power to about 38 PH/s," it says.

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Gem Diamonds Ltd - diamond miner in Lesotho and Botswana - Says 70%-owned subsidiary Letseng Diamonds reaches deal with Matekane Mining Investment Co Pty Ltd for load and haul contract. Gem Diamonds was considering its options for the contract after Sam Matekane, the owner of MMIC, became Lesotho's prime minister in October of last year, making Matekane a "politically exposed person". Gem Diamonds added: "Having carefully considered all options, Letseng has reached agreement with MMIC to terminate the Load and Haul Contract with effect from 1 December 2023, eleven months ahead of its scheduled contractual end date, and will instead insource the load and haul activities. To this end, Letseng will acquire the mining equipment at Letseng from MMIC that is currently used exclusively for Letseng, and will offer employment to MMIC employees who are currently working exclusively for Letseng, in line with operational requirements. This will enable Letseng to continue seamlessly with its mining activities.

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Arkle Resources PLC - exploration company, with principal assets in Irish gold and zinc exploration licences - Starts reconnaissance prospecting programme at Aughrim block of licences in Ireland. "The main target is lithium bearing pegmatites which have been located in contiguous ground to the west of ground held by International Lithium Corp - Ganfeng Lithium Co Ltd," Arkle adds.

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Eco Atlantic Oil & Gas Ltd - Oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana - Reports government approval of transfer of an additional 60% working interest and operatorship of offshore Orinduik block in Guyana. The deal, announced in August, will mean Eco holds a 75% interest, while TOQAP Guyana BV, a joint venture between TotalEnergies SA and QatarEnergy will own the remainder. Eco Atlantic had held a 15% direct working interest in Orinduik since 2018. It is acquiring the new holding from a Tullow Oil PLC subsidiary.

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Rockfire Resources PLC - Australia and Greece-focused base metal, gold, and critical mineral exploration company - Notified by Sunshine Metals Ltd that drilling has commenced at Rockfire's Lighthouse tenement in Queensland, Australia. Sunshine is farming into asset and has option to earn 75% stake by forking AUD2.2 million, around GBP1.4 million, worth of expenditure over a three-year period.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Jun 2022 15:04

IN BRIEF: Gem Diamonds recovers 245 carat diamond from Letseng mine

Gem Diamonds Ltd - London-based diamond producer with diamond mining operations in Lesotho and Botswana - Says it has recovered a 245 carat white Type II diamond from the Letseng mine in Lesotho. The company says that, along with a 129 carat diamond and a 125 carat diamond recovered in late May, this is the third diamond of over 100 carats recovered from the Letseng mine within the past three weeks.

Read more
8 Jun 2022 21:23

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(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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1 Jun 2022 16:04

UK shareholder meetings calendar - next 7 days

Thursday 2 June  
Clontarf Energy PLCGM re issue of new shares
HealthBeacon PLCAGM
Friday 3 June  
no events scheduled  
Monday 6 June  
Alphawave IP Group PLCAGM
Minoan Group PLCAGM
Omega Diagnostics Group PLCAGM
Sensyne Health PLCGM re strategic financing
Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 May 2022 16:07

IN BRIEF: Botswana Diamonds fails to find partner to buy Ghaghoo mine

Botswana Diamonds PLC - exploration & project development company focused on Botswana and South Africa - and Gem Diamonds Ltd - London-based diamond miner - Parties say share sale agreement has now lapsed. In 2021, Gem Diamonds had agreed a binding share sale agreement with Okwa Diamons Pty Ltd to sell Gem Diamonds Botswana Proprietary Ltd, the owner of the Ghagoo diamond mine in Botswana. Okwa Diamonds is owned by Vast Resources PLC and Botswana Diamonds. Longstop date had been extended until Wednesday for Botswana Diamonds to find a joint-venture partner to replace Vast. Botswana Diamonds did not manage to secure a new JV partner by the deadline, thus the agreement has lapsed.

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26 Apr 2022 09:42

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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21 Apr 2022 14:25

IN BRIEF: Jangada Mines shares in freefall after technical report

Jangada Mines PLC - London-based mining company focused in Brazil - Says a technical report confirms that there are no impediments to proceeding its mine development at Pitombeiras, Brazil. "There are no legal, technical, or geological impediments to proceeding to mine development, construction, and production, highlights the project's robust economics and excellent potential to become a profitable producer of Ferrovanadium concentrate and Titanium dioxide," the firm says.

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21 Apr 2022 14:00

IN BRIEF: Gem Diamonds shares slip as carat production and prices fall

Gem Diamonds Ltd - London-based diamond miner - Sells more carats in the quarter ended March 31 than the quarter before. Carat sales up at 28,461 from 24,790 quarter-on-quarter. Revenue rises to USD52.1 million from USD50.0 million. However, average price per carat falls to USD1,831 from USD2,018, and production of carats during the quarter falls to 28,430 from 33,069 in the last quarter of 2021.

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14 Apr 2022 16:00

UK earnings, trading statements calendar - next 7 days

Friday 15 April 
no events scheduled 
Monday 18 April 
no events scheduled 
Tuesday 19 April  
JTC PLCFull Year Results
Kainos Group PLCTrading Statement
Rio Tinto PLCQ1 Production Results
Wednesday 20 April  
Bunzl PLCTrading Statement
Carr's Group PLCHalf Year Results
Centamin PLCTrading Statement
Hunting PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
John Wood Group PLCFull Year Results
Quilter PLCTrading Statement
Oxford Biomedica PLCFull Year Results
Petra Diamonds LtdTrading Statement
Thursday 21 April 
AJ Bell PLCTrading Statement
Anglo American PLCTrading Statement
Antofagasta PLCTrading Statement
Bonhill Group PLCFull Year Results
Churchill China PLCFull Year Results
DP Poland PLCTrading Statement
essensys PLCHalf Year Results
Foxtons Group PLCTrading Statement
Gem Diamonds LtdTrading Statement
LBG Media PLCFull Year Results
Man Group PLCTrading Statement
PensionBee Group PLCQ1 Results
Relx PLCTrading Statement
Rentokil Initial PLCTrading Statement
Serica Energy PLCFull Year Results
XPS Pensions Group PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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31 Mar 2022 21:07

TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

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

Read more
18 Mar 2022 09:37

LONDON BROKER RATINGS: HSBC takes positive stance on blue-chip miners

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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17 Mar 2022 11:55

TRADING UPDATES: Portmeirion restores dividend; Empresaria in profit

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

Read more
10 Mar 2022 16:12

UK earnings, trading statements calendar - next 7 days

Friday 11 March  
Berkeley Group Holdings PLCTrading Statement
SIG PLCFull Year Results
Monday 14 March  
Abcam PLCFull Year Results
Bodycote PLCFull Year Results
Craneware PLCHalf Year Results
Fonix Mobile PLCHalf Year Results
Hostmore PLCFull Year Results
Phoenix Group Holdings PLCFull Year Results
Stelrad Group PLCFull Year Results
Tuesday 15 March  
Aptitude Software Group PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Ferguson PLCHalf Year Results
Genel Energy PLCFull Year Results
Genuit Group PLCFull Year Results
Informa PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Malin Corp PLCFull Year Results
Petrofac LtdFull Year Results
Smart Metering Systems PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP PLCFull Year Results
Ultra Electronics Holdings PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
Wednesday 16 March  
4imprint Group PLCFull Year Results
Advanced Medical Solutions Group PLCFull Year Results
Centamin PLCFull Year Results
Centaur Media PLCFull Year Results
CLS Holdings PLCFull Year Results
Computacenter PLCFull Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Fevertree Drinks PLCFull Year Results
Gym Group PLCFull Year Results
LSL Property Services PLCFull Year Results
PensionBee Group PLCFull Year Results
Pharos Energy PLCFull Year Results
Restaurant Group PLCFull Year Results
Restore PLCFull Year Results
RPS Group PLCFull Year Results
Science in Sport PLCFull Year Results
Thursday 17 March  
Ceres Power Holdings PLCFull Year Results
Cineworld Group PLCFull Year Results
Deliveroo PLCFull Year Results
Emis Group PLCFull Year Results
Empresaria Group PLCFull Year Results
FDM Group PLCFull Year Results
Gem Diamonds LtdFull Year Results
Harbour Energy PLCFull Year Results
Helios Towers PLCFull Year Results
Marshalls PLCFull Year Results
Mpac Group PLCFull Year Results
Ocado Group PLCQ1 Results
PensionBee Group PLCFull Year Results
Trainline PLCTrading Statement
TransGlobe Energy CorpFull Year Results
Tribal Group PLCFull Year Results
Wickes Group PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
7 Feb 2022 15:54

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

Read more
1 Feb 2022 22:07

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

Read more
1 Feb 2022 10:34

Vast Resources pulls out of deal to buy Botswana's Ghaghoo diamond mine

GABORONE, Feb 1 (Reuters) - London-listed Vast Resources said on Tuesday it had pulled out of a $4 million deal to buy Ghaghoo diamond mine in Botswana from Gem Diamonds , without giving reasons.In August, Gem Diamonds entered into a binding share...

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