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TRADING UPDATES: Goldstone Resources hails results; PCF moves deadline

Tue, 27th Sep 2022 22:07

(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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PCF Group PLC - London-based specialist bank - Grants another extension to the put-up-or-shut-up deadline for Castle Trust Capital PLC. Deadline extended to close of play on October 25. PCF has been in talks with Castle Trust about a possible all-share takeover.

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Kingswood Holdings Ltd - London-based wealth & investment management firm - Makes a first deferred consideration payment of GBP500,000 for its acquisition of Admiral Wealth Management Ltd. Uses a portion of the cash proceeds from the issue of convertible preference to make the payment.

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Tertiary Minerals PLC - Macclesfield, England-based mineral exploration and development company - Begins detailed soil sampling at Jacks copper project in Zambia. Expects to collect up to roughly 1,600 samples to be on a 200 meters times 40 meters grid.

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Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Says its Light accelerator fully operational and has generated a proton beam at 230 megaelectron volts. It is the first linear proton therapy system. Expects the first patient to be treated in the second half of 2023.

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Goldstone Resources Ltd - Jersey, UK-based gold development company with projects in West Africa - Receives "very encouraging" results from three diamond drill-holes at Akrokeri mine in Ghana. Says the results confirm the continuity of the mineralised zone at vertical depths of between 36 metres and 65 metres. Says the mine yielded 75,000 ounces gold at an average grade of 24 grammes per tonne. "These initial results have confirmed the nature and overall geometry of a structurally controlled mineralised channel and allow planning of the continuing drill programme with a high degree of confidence," Chief Executive Emma Priestley comments.

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i3 Energy PLC - oil and gas producer in the UK and Canada - Reaches a production rate of 22,000 barrels of oil equivalent per day from 13 wells. Has drilled 20 gross wells as part of its expanded 2022 drilling programme. Expects the latter 7 wells to be fully cleaned up and on production in late October.

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Block Energy PLC - London-based oil and gas company focused in Georgia - Completes the deepening of the JSR-01 well "on time, on plan, and below budgeted cost." Says this represents the start of project II, one element of its three-project strategy.

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Cora Gold Ltd - West Africa-focused gold explorer - Expects the definitive feasibility study for its Sanankoro gold project in Mali to be completed in the third quarter of 2022. Says it is continuing to optimise "various aspects of the study."

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Europa Oil & Gas Holdings PLC - oil and gas exploration, development, and production in UK, Ireland and Morocco - Expects the drilling activities at Serenity to be completed 30 days from spudding. Says the SA02 appraisal well and contingent side-track will help to establish the extent of the reservoir and the amount of oil in place. Enters GBP1.0 million loan with Union Jack Oil PLC to provide it with additional liquidity.

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Yourgene Health PLC - Manchester-based molecular diagnostics - Non-executive Chair John Brown says the core business performing at pre-pandemic growth levels at the annual general meeting. Says the company will remain focused on a number of pipeline opportunities that will support growth in the second half.

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TransGlobe Energy Corp - Calgary, Canada-based oil explorer and producer - Says the government of Equatorial Guinea approved the Venus - Block P Plan of Development. "Today's update further supports the board's existing recommendation to combine with VAALCO to create a world-class African-focused E&P company with material reserves supporting sustainable shareholder returns and growth. Both the management and board continue to unanimously support the merger which is expected to deliver material benefits for TransGlobe shareholders," Chair David Cook comments.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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22 Apr 2024 14:45

UK shareholder meetings calendar - next 7 days

Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
  
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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10 Apr 2024 19:30

IN BRIEF: Goldstone Resources publishes delayed accounts for 2022

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Publishes accounts for full-year 2022 and the first half of 2023 after a protracted delay. In 2022, pretax loss narrows to USD674,413 from USD1.5 million in 2021, while revenue rises to USD8.9 million from nothing. In the first half of 2023, pretax loss widens to USD3.7 million from USD648,167, while revenue falls to USD245,425 from USD5.3 million. Chief Executive Officer Emma Priestley says: "It is with cautious optimism that I look forward to 2024. 2023 was a difficult period of hard-won lessons, but these lessons will be valuable as we go into [the second half of] 2024."

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10 Apr 2024 15:22

Goldstone Resources raises GBP1.8 million in share subscription

(Alliance News) - Goldstone Resources Ltd on Wednesday said that it has raised GBP1.8 million before expenses via a subscription of 182.0 million new shares at 1 pence each.

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2 Apr 2024 19:02

TRADING UPDATES: Roadside shares suspended; Adnams looks for funds

(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
1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(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
3 Jan 2024 11:39

Goldstone Resources granted loan payment standstill by Asian creditor

(Alliance News) - Goldstone Resource Ltd on Wednesday said it had arranged a standstill agreement with Asia Investment Management Services Ltd regarding the pair's 2020 gold loan agreement.

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16 Nov 2023 17:53

EARNINGS AND TRADING: Integrated Diagnostics returns to profit

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

Read more
13 Nov 2023 21:58

TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

(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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31 Oct 2023 16:47

TRADING UPDATES: GreenRoc bullish on asset; Esken eyes Renewables sale

(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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2 Oct 2023 14:32

EARNINGS AND TRADING: Alternative Income REIT raises dividend

(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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19 Sep 2023 17:30

TRADING UPDATES: AEW UK REIT appoints new chair; Oberon raises money

(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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27 Jun 2023 20:08

TRADING UPDATES: Creo Medical sees growing demand for products

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

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31 May 2023 21:08

IN BRIEF: Goldstone Resources "on sound footing" going forward

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Updates on its mining and production activities at the Homase gold mine in south-western Ghana. Says front-end loaders, tractor and excavators have been delivered to the site with the aim of optimising production. Company invests around USD1.5 million into new and second-hand plant, equipment and components for the second dry plant. Mining production levels forecast for 60,000 tonnes per month of ore.

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5 Apr 2023 11:13

Goldstone shares rise on mineralisation extension at Akrokeri mine

(Alliance News) - Goldstone Resources Ltd on Wednesday said that results from diamond drilling at Akrokeri have affirmed its belief that mineralisation occupies a significant structural corridor, extending to both the south and north of the mine.

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27 Jan 2023 10:42

IN BRIEF: Goldstone issues GBP2.4 million convertible loan notes

IN BRIEF: Goldstone Resources Ltd - West Africa-focused gold development company - Issues GBP2.4 million of convertible loan notes to gold-mines operator Blue Gold International Ltd, which are due for redemption on November 30, 2024. The notes may be converted at any time prior to redemption into new Goldstone shares at a conversion price of 3.25 pence per share. BGL also receives warrants to subscribe for up to 60.0 million Goldstone shares at a price of 4.00p per share, at any time until January 26, 2025.

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