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Pin to quick picksGalileo Resourc Share News (GLR)

Share Price Information for Galileo Resourc (GLR)

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Share Price: 1.075
Bid: 1.05
Ask: 1.10
Change: 0.00 (0.00%)
Spread: 0.05 (4.762%)
Open: 1.075
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Low: 1.075
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EARNINGS: Rockfire interim loss widens due to increased expenses

Fri, 29th Sep 2023 12:21

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

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Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Pretax profit increases 14% to GBP1.6 million in its financial year ended March 31, from GBP1.4 million the year prior. Says operating expenses rise to GBP1.3 million, from GBP753,321. Chair Colin Bird says: "I look forward to the coming year, realising one of our projects, any one of which could be transformational for the company and its shareholder."

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Rockfire Resources PLC - Australia and Greece-focused base metal, gold, and critical mineral exploration company - Pretax loss widens to GBP411,145 in the first half of 2023, from GBP302,582 the year prior. Says loss is due to expenses from subsidiary Hellenic Minerals SA. Says interest income was GBP1.00, up from no income. Adds that it is targeting the acquisition of Emirates Gold DMCC and Emperesse Bullion LLC. Says these acquisitions will be "potentially transformational".

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Essentially Group PLC - UAE-based health food company - Posts a 14% revenue increase to GBP593,164 in the first half of 2023, from GBP519,311 the year prior. Says pretax loss widens to GBP400,175, from GBP176,808 a year ago. Adds that retail footprint grew 53% during the first half, with benefit of expansion to "materialise in the coming months". Notes that it listed on Aquis in March.

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Woodbois Ltd - Africa-focused forestry, timber trading and afforestation company - Says revenue decreased 57% to USD4.9 million in the first half of 2023, from USD11.3 million a year ago. Adds that pretax loss was USD3.4 million, widening from USD489,000 the year before. Notes unseasonal weather in the first quarter affected operations, as did a military coup in Gabon in the third quarter. Says it is "optimistic" that the fourth quarter onwards will see an upturn in activity, and aims to deliver positive earnings before interest, tax, depreciation and amortisation and profitability in 2024. Chief Executive David Rothschild says: "2023 has been a very difficult year for the company thus far, but having weathered some pretty severe challenges and having re-built the company's balance sheet, we now are rebuilding production, performance and profitability across the company's divisions."

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Bluejay Mining PLC - Greenland and Finland-focused miner - Says it swung to pretax loss of GBP659,135 in the first half of 2023, from profit of GBP524,724 a year ago. Adds that cost of sales rose to GBP32,033, from nothing a year ago. Notes that it raised GBP600,000 after the period's end, which it says will set it up for a "transformational 2024" by enabling it to develop it projects. Says it will continue to explore and develop its projects, and is aiming to increase their value. Adds that it is still "extremely well positioned" to deliver on its strategy. Does not declare a dividend for the first half, unchanged from a year ago.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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8 Dec 2022 17:45

TRADING UPDATES: Anglo Asian touts intercepts; Netcall backs guidance

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

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8 Dec 2022 15:55

Galileo shares up on latest work at Kamativi

(Sharecast News) - Galileo Resources updated the market on the reconnaissance mapping and sampling programme completed over the Kamativi Lithium Project in southwest Zimbabwe on Thursday.

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2 Dec 2022 22:03

TRADING UPDATES: Keystone Positive assets fall; Galileo finds gold

(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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23 Nov 2022 16:18

Galileo completes drilling programme at Luansobe

(Sharecast News) - Galileo Resources announced completion of the Luansobe Copper Project drilling programme on Wednesday, describing it as an "important step" towards a new mineral resource estimate.

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23 Nov 2022 14:24

IN BRIEF: Galileo Resources shares up on drilling results at Luansobe

Galileo Resources PLC - mining company focused on US and Africa - Says delineation drilling at Luansobe copper project, located in Zambia, has been completed. Says it has successfully identified wide zones of moderate grade, near-surface copper mineralisation, potentially offsetting open pit pre-stripping costs. Galileo finds up to 3.51% copper at Luansobe, at hole LUDD014.

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1 Nov 2022 20:39

TRADING UPDATES: Fulham Shore revenue up; Vertu Motors makes buy

(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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21 Oct 2022 18:00

TRADING UPDATES: Botswana Diamonds and Petra Diamonds strike data deal

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

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3 Oct 2022 21:46

TRADING UPDATES: Public Policy buys KP; Plus500 enters partnership

(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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21 Sep 2022 14:38

EARNINGS SUMMARY: Dianomi makes profit; Galileo investments lucrative

(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 Aug 2022 11:14

AIM WINNERS & LOSERS: Westminster wins contract; i3 cuts guidance

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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26 Aug 2022 10:43

IN BRIEF: Galileo Resources finds nickel targets at Bulawayo, Zimbabwe

Galileo Resources PLC - mining company focused on US and Africa - Finds potential nickel targets at Bulawayo gold project in Zimbabwe.

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16 Aug 2022 17:55

IN BRIEF: Galileo Resources survey results finds gold targets

Galileo Resources PLC - London-based mining company focused in the US and Africa - Receives final interpretation report on airborne geophysical survey on its targets at its Bulawayo gold project in Zimbabwe.

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10 Aug 2022 17:00

Galileo agrees to buy another 28pc of BC Ventures

(Sharecast News) - Galileo Resources updated the market on the agreement between BC Ventures and Cordoba Investments to acquire a 51% interest in BC Ventures on Wednesday afternoon, which was assigned to the company on 4 March.

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10 Aug 2022 14:38

IN BRIEF: Galileo Resources increases interest in Zimbabwe projects

Galileo Resources PLC - London-based mining company focused in the US and Africa - Agrees to acquire a further 29% stake in BC Ventures Ltd, which owns "highly prospective" Kamativi lithium project in southwest Zimbabwe, as well as two gold licenses at the Bulawayo gold project. Galileo will issue 50.0 million shares at 1.2 pence each, for GBP600,000, to fund the purchase, which is expected to complete this month. The shares are at a 4.4% premium to Monday's closing price of 1.15p, and subject to a 12-month lock-up agreement. This brings Galileo's total stake in BC Ventures to 80%.

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4 Aug 2022 17:01

IN BRIEF: Galileo Resources to start drilling at Luansobe project

Galileo Resources PLC - London-based mining company focused in the US and Africa - Signs contract for 3,000 metres of core drilling on potentially open pittable copper deposit at Luansobe project in Zambia.

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