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Pin to quick picksLandore Share News (LND)

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EARNINGS UPDATES: Ross Group, Goldstone, Caerus interim loss widens

Fri, 30th Sep 2022 21:57

(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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Henderson Eurotrust PLC - focused on European, excluding the UK, investments - Net asset value per share ends July 31 at 142.1 pence, sinking from 167.4p at the same point a year prior. Declares 3.8p dividend, rising from 2.5p a year before. NAV total return in year negative 13.9% versus benchmark returning negative 7.0%. It explains: "The backdrop has been of recovery from Covid, war in Ukraine and a resurgence of global inflation, and in a time of disruptive change companies with recovery prospects and low valuations have tended to outperform the types of company we own, especially in the early part of the year."

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Vertu Capital Ltd - Malaysia-based investment firm - In six months to June 30, operating loss before tax narrows to GBP61,478 from GBP86,099 the year prior. Operating expenses rises by same amount. Continues to progress proposed reverse takeover of Vox Capital, which owns a mobile marketing agency, Mobio Global.

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Genflow Biosciences PLC - London-based biotechnology company - In first six months of 2022, pretax loss widens to GBP773,794 from GBP374,062 in the same period a year prior. Administrative expenses rises to GBP696,402 from GBP372,291. Chair Yassine Bendiabdallah says: "The strategic collaborations combined with the deep expertise of Genflow's management team and the company's strong cash position, enables us to look to the future with confidence." Listed in London at start of 2022.

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Ross Group PLC - London-based supply chain management and distribution company - In six months to June 30, pretax loss widens to GBP686,000 from GBP85,000 the year prior. Does not generate revenue in either period. It says: "Whilst there has been no revenue during this particular period from any outside third party contracts, it is now the group's intention to significantly revert and re-implement resources that will enable the Group to grow its global supply chain services and produce a more substantial revenue stream in the future."

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RA International Group PLC - Africa and Middle East-focused construction and support services provider - In six months to June 30, pretax loss narrows significantly to USD3.4 million from USD33.0 million as revenue grows to USD29.2 million from USD28.4 million. Narrowed loss stems from non-repeat of USD31.0 million impairment from selling assets and inventory at Palma project in Mozambique.

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Pathfinder Minerals PLC - Mozambique-focused natural resources explorer - In six months to June 30, pretax loss narrows to GBP185,000 from GBP298,000 loss the year prior. Administrative expenses drops to GBP185,000 from GBP298,000. Does not generate revenue in either period. Chair Dennis Edmonds says: "We will work closely with Acumen Advisory over the remainder of the year on due diligence and their potential entering into binding definitive documentation. We also look forward to progressing other opportunities under review for our Pathfinder Battery Commodities subsidiary."

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Goldstone Resources Ltd - Jersey, UK-based gold development company with projects in West Africa - In six months to June 30, pretax loss widens to USD648,167 from USD548,628 a year prior. Operating loss narrows to USD287,370 from USD548,628 as it generates revenue of USD5.3 million. Does not generate revenue in prior-year period. Administrative expenses grows to USD2.4 million from USD548,628. Chief Executive Emma Priestley says: "It is with cautious optimism that I look forward to the remaining months of 2022 and into 2023, as we continue to make stead progress towards achieving our production goals."

Separately, extends maturity of the gold loan with Asia Investment Management Service to September 2023.

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Great Western Mining Corp PLC - Nevada-focused gold, silver and copper project developer - In six months to June 30, pretax loss broadly flat year on year at EUR448,652 versus EUR427,590 the year prior. Administrative expenses rises to EUR448,860 from EUR427,703. Does not generate revenue in either period. Chair Brian Hall "very pleased" with progress in period. "We set out our stall with an ambitious drilling programme, completed on time and on budget, with positive results received to date," he adds.

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Premier African Minerals Ltd - Africa-focused minerals and metals project developer - Sinks to pretax loss in six months to June 30 of USD4.9 million versus USD3.9 million profit the year prior. Does not generate revenue in either period. Administrative expenses rises to USD4.9 million from USD742,000. Notes, during period, it begins construction activities at Zulu.

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Caerus Mineral Resources PLC - copper miner in Cyprus - In six months to June 30, operating loss before tax widens to GBP1.4 million from GBP415,553 loss in the year prior. Administrative expenses rises to GBP724,268 from GBP414,543. Books GBP667,075 net impairment on licence disposal in period. Does not generate revenue in either period. Chief Executive Charlie Long says: "Notwithstanding the serious issues we discovered since arriving towards the end of the period, operationally the first half of 2022 has seen good progress at the main project Troulli, a brown field copper-gold deposit in the southeast of Cyprus."

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Landore Resources Ltd - BAM gold project at Junior Lake in Ontario, Canada - Operating loss before tax in six months to June 30 narrows to GBP794,385 from GBP2.4 million loss a year prior. Exploration costs sinks to GBP398,341 from GBP1.6 million, but administrative expenses grows to GBP818,316 from GBP794,818. Does not generate revenue in either period. Currently performing strategic review on its Canadian assets. Says: "Phase one of the Strategic Review will be completed at the end of Q3 2022, at which time the board will consider its corporate direction to the benefit of shareholders."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
15 Feb 2024 15:43

IN BRIEF: Landore identifies gold zone at BAM gold project, Ontario

Landore Resources Ltd - Ontario, Canada-focused precious and base metal project explorer and developer - Says soil sampling identifies gold zone at its BAM gold project on the Junior Lake property, in Ontario. Interim Chief Executive Officer Glenn Featherby says: "Soil sampling programmes on our Junior Lake Property continue to identify new gold targets which have the potential to be advanced into additional resources. The Board believes that the Junior Lake Property has excellent potential to host significant volumes of both gold and strategic metals for battery production."

Read more
15 Feb 2024 14:30

Landore upbeat on outcome of Junior Lake soil sampling

(Sharecast News) - Landore Resources announced the outcomes of its 2023 soil sampling initiative on Thursday, carried out adjacent to its flagship BAM Gold Project on the Junior Lake Property in Ontario, Canada.

Read more
8 Feb 2024 21:25

TRADING UPDATES: Nexxen expands partnership; Geiger considers listing

(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
22 Jan 2024 14:33

UK shareholder meetings calendar - next 7 days

Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Goldplat PLCAGM reconvened
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Botswana Diamonds PLCAGM
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Pantheon Resources PLCAGM
Tracsis PLCAGM
Thursday 25 January 
Alteration Earth PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Ixico PLCAGM
Treatt PLCAGM
Friday 26 January 
Avon Protection PLCAGM
JPMorgan China Growth & Income PLCAGM
On The Beach Group PLCAGM
tinyBuild IncGM re fundraise
WH Smith PLCAGM
Monday 29 January 
Hollywood Bowl Group PLCAGM
Landore Resources LtdEGM re conditional fundraising shares
  
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.

Read more
4 Jan 2024 17:42

IN BRIEF: Landore Resources nets GBP600,000 via placing, subscription

Landore Resources Ltd - Raises GBP600,000 by way of a placing and subscription of 25 million shares at 2.4 pence per share. The new shares represent around 17% of the company's enlarged issued share capital. Notes the fundraising price represents a discount of around 23% to the closing price of 3.1p on January 3. Explains proceeds will be used for general working capital purposes and to progress the company's strategy of focusing on the advancement of its flagship BAM Gold Project at the Junior Lake property in Northwestern Ontario.

Read more
4 Jan 2024 10:43

AIM WINNERS & LOSERS: Angle soars on clinical tests; Likewise sales up

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

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4 Jan 2024 07:41

Landore Resources announces equity fundraise, CEO exit

(Sharecast News) - Shares in AIM-listed Landore Resources dropped on Thursday after the Canada-focused miner unveiled plans to "reset its goals", which involve a £600,000 equity fundraise and the resignation of its chief executive and a non-executive director.

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8 Dec 2023 16:53

LONDON MARKET CLOSE: Stocks edge higher following US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Friday, as investors digested the most recent jobs data from the US, ahead of a busy week of interest rate decisions.

Read more
8 Dec 2023 13:44

Landore cancels placing, planned TSX-V dual listing

(Sharecast News) - Mining company Landore Resources announced the termination of its proposed non-brokered private placing and the deferment of its application to dual list its shares on the TSX Venture Exchange on Friday.

Read more
8 Dec 2023 10:29

AIM WINNERS & LOSERS: Landore postpones Toronto dual listing plans

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

Read more
8 Dec 2023 10:10

IN BRIEF: Landore shares plummet as listing fundraise terminated

Landore Resources Ltd - Ontario, Canada-focused precious and base metal project explorer and developer - Decides to terminate proposed non-brokered private placement intended to raise up to CAD5 million, around GBP2.9 million. Offering was announced in early November and proceeds were intended to facilitate Landore's application to dual list on the TSX Ventures Exchange. However, "turbulent market conditions worldwide" have since "created significant fundraising challenges, particularly for the junior natural resource sector".

Read more
8 Dec 2023 08:55

LONDON MARKET OPEN: Stocks head higher; Anglo American drops

(Alliance News) - Stocks in London opened on the front foot on Friday, with the focal point of the day set to be US jobs data.

Read more
9 Nov 2023 14:00

Landore Resources shares tumble on placing launch for Toronto listing

(Alliance News) - Landore Resources Ltd on Thursday said it is launching a private placement to raise CAD5 million, or GBP3.0 million.

Read more
16 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
9 Oct 2023 15:15

Director dealings: Landore Resources finance director raises stake

(Sharecast News) - Landore Resources revealed on Monday that finance director Glenn Featherby had acquired 500,000 ordinary shares in the AIM-listed exploration and development company.

Read more

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