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Pin to quick picksGriffin Mining Share News (GFM)

Share Price Information for Griffin Mining (GFM)

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Share Price: 149.00
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

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

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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9 May 2023 12:02

Griffin Mining reports lower profits on trading conditions in China

(Alliance News) - Griffin Mining Ltd on Tuesday remained optimistic for the future, despite seeing pretax profit half in 2022 due to internal disruptions in China.

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17 Apr 2023 11:59

Griffin Mining reports record-breaking first-quarter production

(Sharecast News) - Griffin Mining reported record-breaking production output at the Caijiaying Mine in the first quarter of the year on Monday.

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17 Apr 2023 11:55

Griffin reports soaring quarterly ore mining and processing results

(Alliance News) - Griffin Mining Ltd on Monday said its quarterly ore mining and processing results soared, both from a year earlier and the previous quarter, in a record first quarter for the firm.

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30 Mar 2023 09:54

LONDON BROKER RATINGS: SocGen cuts Next; Jefferies cuts CMC markets

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

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6 Mar 2023 12:36

Griffin Mining's Caijiaying mine plan approved by local Chinese bureau

(Alliance News) - Griffin Mining Ltd on Monday said its design for zone 2 of the Caijiaying mine in China has been approved by the local emergency response bureau.

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13 Jan 2023 15:15

Griffin Mining beats production forecasts in interrupted year

(Sharecast News) - Griffin Mining said in an update on Friday that it mined 852,579 tonnes of ore in 2022, down from 971,492 year-on-year.

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13 Jan 2023 12:19

Griffin Mining 2022 ore production and procession down due to shutdown

(Alliance News) - Griffin Mining Ltd on Friday reported that its mine production fell in the fourth quarter and in all of 2022 due to a five-month intermittent shutdown in production during 2022, which only ended in November.

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13 Jan 2023 09:40

LONDON BROKER RATINGS: Berenberg likes Pendragon; HSBC cuts Keywords

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

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18 Nov 2022 13:01

Griffin Mining still facing Covid-related delays in China

(Sharecast News) - Griffin Mining updated the market on its operations on Friday, following the 20th Congress of the Chinese Communist Party and the subsequent relaxation of Covid-19 restrictions by authorities.

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18 Nov 2022 11:02

Griffin Mining confident of results despite Covid-19 delays in China

(Alliance News) - Griffin Mining Ltd on Friday said that while China's zero-tolerance approach to Covid-19 continues to create uncertainty at its flagship mine, it was confident of an improved performance in the new year as guidelines start to relax.

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4 Nov 2022 13:22

Griffin Mining restarts operations at Caijiaying Mine

(Sharecast News) - Griffin Mining announced the restart of operations at the Caijiaying Mine on Friday.

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24 Oct 2022 13:35

IN BRIEF: Griffin Mining hails output "resilience" despite shutdown

Griffin Mining Ltd - mine operator focused on China - In the three months to September 30, mines 267,304 tonnes of ore, which is a 13% decrease year-on-year from 306,966 tonnes, and a 21% decrease from the three months to June 30, 2022. Processes 309,465 tonnes of ore during the quarter, which is a 6.1% increase year-on-year, and a 6.0% decrease from the previous quarter. The period was hit by the enforced suspension of operations at the Caijiaying Mine from September 23, for the Plenary Session of the Communist Party Central Committee and the Chinese Communist Party's 20th Party Congress. On an equivalent annualised basis, mining and processing were maintained at over 1.3 million tonnes of ore per annum until the suspension. Chinese authorities have advised it may resume operations at Caijiaying from Wednesday, it says.

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24 Oct 2022 11:44

Griffin Mining maintains production despite forced shutdown

(Sharecast News) - Griffin Mining announced its production results for the September quarter on Monday, with the results achieved despite the enforced suspension in operations at the Caijiaying Mine from 23 September due to the Chinese Communist Party's 20th Congress.

Read more
24 Oct 2022 10:12

LONDON BROKER RATINGS: HSBC raises BP, Land Securities, British Land

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

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