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TRADING UPDATES: Windward extends LSEG pact; Vinanz eyes DTC trading

Tue, 27th Feb 2024 17:42

(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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Windward Ltd - maritime predictive intelligence company - Expands pact with London Stock Exchange Group PLC which kicked off last year. Windward adds: "The new agreement introduces the integration of select LSEG's World-Check services into Windward's platform, providing users with comprehensive compliance and risk management solutions beyond the maritime domain. This creates a unique offering to empower Windward's customers to stay ahead of emerging sanctions globally with one unified system for sanctions screening."

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Vinanz Ltd - bitcoin mining company with operations in the US and Canada - Applies to have shares eligible for electronic clearing and settlement in US through Depository Trust Co. "DTC eligibility is expected to simplify the process of trading and enhance liquidity of Vinanz shares in the US," it adds.

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Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Notes visit to join partners Riverstone Resources Ltd on site at Bilbale gold operation in Burkina Faso rescheduled to March. "Initial work will consist of locating and setting up areas for initial trials, some trenching and benching, drilling of two bore holes, and civil works including ponds and preparation of areas for administration, fuel storage, laboratory, furnace, and security," Red Rock says. Riverstone, meanwhile, will deliver the machinery and equipment for exploration. Red Rock adds: "Much of which is held by them in stock, and which will be imported by air and sea with a transport time of 6-8 weeks. This equipment should arrive at a prepared site ready to start alluvial exploration operations with the minimum of delay. Red Rock and Riverstone will implement a test programme processing alluvial material from different parts of the license, on a scale sufficient to establish gold grade, including high grade zones."

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Oracle Power PLC - Western Australia and Pakistan-focused energy projects developer - Reports commencement of geotechnical study and electrical resistivity survey for planned renewable power plant on project site in Jhimpir, Pakistan. Oracle adds: "The geotechnical study will encompass soil investigation and deploy rotary drilling to obtain disturbed and undisturbed samples, as well as core drilling to assess rock formations on the site. The study will record rock quality designations and core recovery values." The electrical resistivity survey will size up "lithology, porosity and permeability from boreholes drilled". "By determining these conditions through ERS technology, developers can seek to optimise site planning and infrastructure design to account for subsurface conditions," Oracle says.

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Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Notes announcement of Rome Resources Ltd on the commencement of extension diamond drilling on Kalayi and Mont Agoma prospects on PEPM 13274 and PR 15130 assets, respectively. Together, these are referred to as the Bisie North tin project. In November, Pathfinder agreed to buy Rome Resources in a reverse takeover.

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Hummingbird Resources PLC - West Africa-focused gold producer, developer and explorer - Notes Pasofino Gold Ltd update on commencement of exploration activities at Bukon Jedeh, a target at the Dugbe gold project in Liberia. Hummingbird owns 53% in Pasofino. Hummingbird adds: "Pasofino's exploration efforts will concentrate on geological mapping and the collection of high-resolution ground magnetic survey data, activities which have already commenced. Additionally, Pasofino plans to conduct approximately 1,400 meters of drilling across roughly 15 drillholes, slated to begin in March 2024."

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SkinBioTherapeutics PLC - Newcastle, England-based life science company focused on skin health - Hails "positive interim data" from study of AxisBiotix food supplement on acne sufferers. "The volunteer study, comprising 220 people, followed the same methodology to the AxisBiotix-Ps study, with the supplement containing the lead formulation, being supplied to participants in powder-form. Participants were then asked to record scores against specific criteria on an app. The scoring criteria included severity of acne, level of pain, attitude to appearance and levels of confidence," it says. Read out of final results is anticipated to before end of first-quarter.

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World Chess PLC - London-based promoter of chess through chess-related activities - Says Andrew Winton appointed as chief marketing officer, a non-board role. Winton has "proven track record at Amazon, News Corp, EE, Sky, and Kaspersky". In addition, firm continues work with International Chess Federation, or FIDE, for exclusive use of "World Chess Championship sets". World Chess adds: "Designed by Pentagram for World Chess, this iconic chess set is one of the most popular chess sets in the world and is a key piece of the World Chess merchandising portfolio. The set is manufactured by World Chess for use in the Championship cycle and is also sold online and in premier retail outlets around the world, including Harrods, London." It also launches a special edition chess set. Finally, it says user base of gaming platform, chessarena.com grows. "FIDE Online Arena's user base, which now has 740,000 registered users and includes 8,500 Pro members - paying members who have their own, unique FIDE ID. Following several marketing campaigns, the platform is reporting the direct cost of acquisition at EUR37 for its paid subscribers, well below the annual subscription price of EUR50, underscoring the platform's value and exclusive role as the only official gaming platform that is authorised to issue online ratings and titles recognised by FIDE," it says.

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Victorian Plumbing Group PLC - Lancashire, England-based bathroom retailer - Average order value in first 21 weeks of financial year down 3% on-year. "Customers are continuing to seek value and are purchasing proportionately more own brand products," Victorian Plumbing says. It adds: "In keeping with strategy, and despite an unchanged market backdrop, the group has continued to make market share gains, with year-on-year order volume up 4%, more than offsetting the reduction in AOV. As a result, we are pleased to report year to date revenue growth of 1%." Victorian Plumbing reports results for half-year to March 31 on May 28. It adds: "As planned, we are making significant progress towards the opening of our new distribution centre, which will address current capacity constraints, unlock growth potential and create efficiencies. One-third of the warehouse fit-out is now complete, with the expectation that we will be fully operational in the second half of 2024, on schedule and within budget."

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Schroder Real Estate Investment Trust Ltd - UK-focused property investor - Net asset value per share at December 31 third-quarter end totals 58.7 pence, down from 60.5p in September. Hails "continued leasing momentum", however, as notes 32 new lettings, renewals and rent reviews during quarter. "Despite continuing market uncertainty the Company remains well placed with an above average rental income profile and the longest duration, fixed-rate debt in the peer group," Chair Alastair Hughes says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
29 Jan 2024 11:06

Oracle Power celebrates approval of work programme at Northern Zone

(Alliance News) - Oracle Power PLC on Monday said that a programme of work for drilling has been approved in Australia for a farm-in on the Northern Zone intrusive-hosted gold project.

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15 Jan 2024 14:45

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

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15 Jan 2024 14:45

Oracle Power reports solid development progress in fourth quarter

(Sharecast News) - Oracle Power updated the market on its activities during the fourth quarter of 2023 on Monday, reporting significant progress in its development projects.

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15 Jan 2024 10:20

Oracle Power optimistic as projects advance in Pakistan and Australia

(Alliance News) - Oracle Power PLC on Monday said that it is nearing and "extending" its goal to build a portfolio of project development opportunities, as a study in Pakistan neared completion.

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11 Jan 2024 19:51

IN BRIEF: Oracle Power says further drilling planned in Australian jv

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Updates shareholders on the farm-in by Riversgold Ltd on the Northern Zone Intrusive Hosted Gold Project, in Western Australia. Notes Riversgold has spent AUD273,299 to date on the exploratory works undertaken post farm in agreement. A heritage survey assessment is to be completed shortly and a programme of works is ready to be submitted thereafter. Further drilling is planned to expand the target cross section and advance the project towards a targeted maiden mineral resource estimate in 2024. Explains Riversgold now has the option to withdraw as it has spent in excess of AUD200,000 but is not expected to do so. States the planned POW will move RGL towards the aggregate AUD600,000 expenditure trigger, whereby the intended 80:20 joint venture structure between RGL and Oracle will be activated.

Read more
11 Jan 2024 14:15

Oracle Power partner makes progress with Northern Zone exploration

(Sharecast News) - Oracle Power updated the market on the progress of the farm-in agreement by Riversgold for the Northern Zone intrusive-hosted gold project, 25 kilometres east of Kalgoorlie in Western Australia, on Thursday.

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12 Dec 2023 14:24

IN BRIEF: Gold intercepts found at Northern Zone project, says Oracle

Oracle Power PLC - Texas-based computer technology firm - Says farm-in partner Riversgold Ltd receives assay results from diamond drilling programme at the Northern Zone gold project in Western Australia. Says 5.26 grams of gold per tonne from 262 metres found. Chief Executive Officer Naheed Memon says: "With the Australian dollar gold price now pushing through AUD3,100 an ounce, the commerciality of these types of large-scale lower grade gold deposits becomes significantly more viable. The potential scale of this project linked to its good indicative conventional gold recoveries and its great location, being so close to Kalgoorlie, makes Northern Zone a highly attractive project to drill out."

Read more
20 Oct 2023 09:46

IN BRIEF: Oracle Power hails green hydrogen project progress

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Progresses towards commercial viability of its green hydrogen project in Pakistan. Notes completion of 28 kilometres squared topography survey report using advanced drone technology to gather vital mapping data, adding that it revealed no significant obstructions to the development of the green hydrogen project. Says survey's findings will play a "crucial role" in "optimising the planning, design and construction costs for the proposed future 1.2 [gigawatt] hybrid wind and solar plants, along with the intended 400 [megawatt] green hydrogen facility." Says that it now aims for firm offtake agreements with partners and front-end engineering and design work for the planned plant.

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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
4 Oct 2023 10:43

AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount

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

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4 Oct 2023 10:42

IN BRIEF: Oracle Power shares plunge on fundraise for hydrogen project

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Enters into placing agreement to raise GBP350,000 through the placing of 1.0 billion shares at a price of 0.035 pence each. Notes agreement is conditional on the passing of related resolutions due to be proposed at a general meeting. The proceeds of the placing will primarily be used to support the advancement of the company's green hydrogen project in Pakistan. They will also help provide the company with sufficient working capital to develop its other projects.

Read more
25 Sep 2023 10:18

Oracle Power fist half loss widens on increased overheads

(Alliance News) - Oracle Power PLC on Monday said its loss nearly doubled in the first half as costs rise.

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12 Sep 2023 10:44

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

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

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12 Sep 2023 10:22

Oracle Power completes feasibility study for green hydrogen project

(Alliance News) - Oracle Power PLC on Tuesday said it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan.

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21 Aug 2023 13:49

Oracle Power reports progress at Northern Zone gold project

(Sharecast News) - International project developer Oracle Power updated the market on the ongoing development of the Northern Zone project by Riversgold on Monday.

Read more

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