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Pin to quick picksBluejay Share News (JAY)

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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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14 Sep 2022 17:59

IN BRIEF: Bluejay Mining completes geophysical survey at Kangerluarsuk

Bluejay Mining PLC - mineral exploration and development company focused in Greenland and Finland - Completes aerial geophysical survey covering 600-line kilometres of gravity gradiometry, magnetic and terrain data, at the Kangerluarsuk zinc-lead-silver project in Greenland.

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7 Sep 2022 14:29

IN BRIEF: Bluejay Mining shares sink as exploration programme halted

Bluejay Mining PLC - mineral exploration and development company focused in Greenland and Finland - Completes its first exploration programme of 2022 at the Enonkoski nickel-copper-cobalt project in Finland as part of a joint venture with Rio Tinto PLC's Exploration Finland Oy. As a result of the programme, decides to stop further exploration at Muhelampi target in the near-term as interpretation of results suggest the mafic intrusion is too small to host any significant mineralisation. Reports technical difficulties during the drilling of multiple holes at the Laukunlampi target. Despite this, Laukunlampi dubbed an "interesting" target with possible follow-up drilling in the future.

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7 Sep 2022 10:41

AIM WINNERS & LOSERS: GB Group shares soar on possible takeover offer

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

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28 Jul 2022 16:14

EXECUTIVE CHANGES: Cohort co-founder out; Nuformix co-founder back

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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27 Jun 2022 11:51

IN BRIEF: Bluejay Mining brings back Mike Hutchinson as interim chair

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Appoints Mike Hutchinson as interim chair following the resignation of Roderick McIllree on Thursday last week. Hutchinson was the chair of Bluejay before McIllree and will provide experience until the appointment of a new chair, the company says.

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23 Jun 2022 11:05

IN BRIEF: Bluejay Mining Chair Roderick McIllree resigns

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Says Executive Chair Roderick McIllree resigned from the board on Wednesday. The company accepts his resignation and as a consequence withdraws the resolution seeking his re-election at the annual general meeting held on Thursday. The company intends to start the search for a new chair and will make a further announcement in due course.

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21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(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 Jun 2022 13:16

Bluejay plans survey over wholly-owned Kangerluarsuk project

(Sharecast News) - Bluejay Mining updated the market on its wholly-owned Kangerluarsuk zinc-lead-copper-silver project in central-west Greenland on Tuesday.

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13 Jun 2022 21:23

IN BRIEF: Bluejay Mining reviews potential Disko demerger, listing

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Commences review into demerger and potential stock market listing on a London-based stock exchange of its subsidiary Disko Exploration Ltd.

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19 May 2022 18:55

TRADING UPDATES: Knights tips revenue hike; Gym Group eyes growth

(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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26 Apr 2022 19:18

IN BRIEF: Bluejay Mining notes approval of further Enonkosko drilling

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Announces approval of further exploration expenditure by JV partner Rio Tinto Exploration Finland Oy at the Enonkosko nickel-copper-cobalt project in Finland.

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11 Apr 2022 12:44

IN BRIEF: Bluejay Mining to start diamond drilling at Disko in 2023

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Says it revised the 2022 programme at the Disko-Nuussuaq project in Greenland to double the collection and analysis of data for the entire suite of potential targets. Says the additional work will enable it to determine the best drill targets at Disko. Expects to begin diamond drilling in 2023. Makes statement on behalf of Nikkeli Greenland AS, a joint venture between Bluejay and KoBold Metal.

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24 Mar 2022 21:01

TRADING UPDATES: Getech wins mining contracts; Bluejay starts drilling

(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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24 Mar 2022 14:34

IN BRIEF: Bluejay Mining shares rise on USD7 million raised in placing

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Raises USD7 million before expenses in a placing of 76.9 million shares at a price of 7 pence per placing share. The funds will enable it to complete the necessary feasibility study required for its Dundas ilmenite project in Greenland. Adds that this will allow it to complete the feasibility study to the level needed for financial sign-off by a lending syndicate. This will enable the construction and production at Dundas. Following the issue of the shares, its total share capital will consist of 1.04 billion ordinary shares.

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2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

(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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