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Resource round-up: Ind. Resources, Ormonde, Solo Oil ...

Mon, 18th Jun 2012 09:10

The Italy focused gas company, Independent Resources (IRG), said it is accelerating its strategy review after an earthquake struck the area where its Rivara underground gas storage project is situated. The group said that the whole concept of underground natural gas storage is now being called into question as a result of what IRG's Chairman, Grayson Nash called "irrational fears". The company declared a loss of £0.98m in the six months to the end of March, versus a loss of £0.47m the year before. The group had net cash of £1.65m at the end of March.Ormonde Mining rose on Monday after it reported encouraging progress at its El Facho gold structure at the Zamora Gold Project in Spain. The firm said it had established and defined a gold mineralised zone over a strike length of some 600m with the mineralisation remaining open both at depth and along strike. The project is a joint venture with Aurum Mining. Ormonde rose 3% following the news.Solo Oil fell 4.5% after it announced production at its oil wells in Western Ontario, Canada, would be delayed. The firm said production from the main Ausable oil production wells had been deferred by several weeks. But it added: "It is clear that all the commissioning issues are with surface equipment and that the wells will meet previously anticipated performance expectations".Shares were off slightly at Coal of Africa after it said negotiations were ongoing with Exxaro Coal over the latter taking a 30% in the Makhado Project in South Africa. "The parties have agreed to continue negotiations and the assessment process to finalise the valuation of the Makhado Project, and that the deadline for a formal decision regarding the exercise of Exxaro's right to a 30% equity participation in the Makhado Project shall now be 30 September 2012," the firm said. Coal of Africa's shares were down 2% in early trading.Tertiary Minerals said it had secured a £10m funding facility, pushing shares up 4.3% in early trading. The firm said that the deal with Darwin Strategic gave it a flexible source of funding which could be used entirely at the company's discretion. "As we look to a transition of our fluorspar projects from exploration to development it is important that we diversify the range of financial resources available to the company," it said.mm
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22 Apr 2024 17:51

TRADING UPDATES: First Tin updates Tellerhauser estimates

(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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5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

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

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12 Oct 2023 14:29

IN BRIEF: Ormonde Mining notes report by investee Tru Precious Metals

Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - Notes report by investee TRU, which on Wednesday announced it had begun its Golden Rose exploration project in the highly prospective Central Newfoundland Gold Belt in Canada.

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29 Sep 2023 12:32

EARNINGS: i(x) Net Zero swings to profit, Zephyr falls to loss

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

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6 Sep 2023 18:28

IN BRIEF: Ormonde buys stake in TRU Precious Metals for CAD3 million

Ormonde Mining PLC - focussed on the evaluation and execution of new opportunities - Completes its investment in Toronto-listed exploration company TRU Precious Metals Corp, which is exploring for gold and copper in the highly prospective Central Newfoundland gold belt in Canada. Takes an initial 36% interest in TRU's through a private subscription for 60 million shares of TRU at CAD0.05 per share for a total CAD3 million. Ormonde has the potential to increase its shareholding to up to 46.0% through the exercise of warrants.

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4 Sep 2023 11:49

IN BRIEF: Ormonde Mining starts trading on AQSE, switching from AIM

Ormonde Mining PLC - holds stakes in Toronto-listed gold and copper explorer Tru Precious Metals Corp, which has a project in Newfoundland, Canada, and in battery metals explorer Peak Nickel Ltd - Starts trading on Aquis Stock Exchange in London on Monday, its shares having been suspended from trading on AIM in London and the Euronext Growth market since February. Ormonde shares will be cancelled from AIM and Euronext on Tuesday. Notes that Thomas Anderson holds 24.99% of its shares upon admission to AQSE.

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18 Aug 2023 15:46

UK shareholder meetings calendar - next 7 days

Monday 21 August 
Calculus VCT PLCAGM
Home REIT PLCGM re changes to the investment policy
Tuesday 22 August 
Cake Box Holdings PLCAGM
ReNeuron Group PLCAGM
RUA Life Sciences PLCAGM
Smoove PLCAGM
STM Group PLCAGM
Wednesday 23 August 
Brandshield Systems PLCAGM
James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
Sovereign Metals LtdGM re share placement options
Thor Energy PLCGM re proposed share consolidation
Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Jul 2023 21:53

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

(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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30 Jun 2023 21:45

IN BRIEF: Ormonde Mining acquires stake in Canadian miner TRU

Ormonde Mining PLC - focussed on the evaluation and execution of new opportunities, currently holds 20% stake in battery metals explorer Peak Nickel Ltd - Announces proposed investment in Toronto-listed exploration company, TRU Precious Metals Corp. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt in Canada. Ormonde is to buy an initial 36.2% interest in TRU through a private subscription for 60 million shares of TRU at CAD0.05 per share for a total consideration of CAD3 million. Potential to increase shareholding to up to 46.0% through the exercise of warrants.

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27 Jun 2023 21:09

IN BRIEF: Ormonde Mining looks towards "further exciting investments"

Ormonde Mining PLC - holds 20% stake in battery metals explorer Peak Nickel Ltd - Pretax loss in 2022 narrows to EUR1.1 million from EUR1.6 million in 2021. Records no revenue in 2022, just like in 2021. "During 2022 and the first part of 2023, the board has delivered on extracting value from legacy assets to boost the group's balance sheet and commenced its proposed strategy of leveraging this strong balance sheet to generate new value enhancing deals for shareholders," Chair Brian Timmons says. "The sale of the La Zarza assets and subsequent investment into Peak Nickel Ltd represent the first steps in shareholder value creation and provide the platform for further exciting investments in prospective mining jurisdictions. The board continues to advance discussions with interested parties to move onto the next stages of this strategy."

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8 Feb 2023 19:26

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

(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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7 Feb 2023 19:37

TRADING UPDATES: Ormonde Mining acquires stake in Peak Nickel

(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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3 Oct 2022 14:31

IN BRIEF: Ormonde becomes cash shell on sale of La Zarza project

Ormonde Mining PLC - cash shell, former Dublin-based mineral resource company - Completes the sale of its land, data and drillcore assets at its La Zarza project. La Zarza is a copper, gold and zinc mine located in Andalucia, Spain. The assets have been sold for EUR2.3 million in cash to La Zarza Mineria Metalica SLU a subsidiary of Tharsis Mining SL. Ormonde says it has now received EUR800,000 with the balance to be paid in three equal payments of EUR500,000 on the first, second, and third anniversaries of completion.

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28 Sep 2022 16:41

Ormonde Mining to become cash shell after sale of La Zarza project

(Alliance News) - Ormonde Mining PLC on Wednesday said it will become a cash shell, following the completion of the sale of its interest in the La Zarza Copper-Gold project for EUR2.3 million.

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28 Sep 2022 15:29

Ormonde upbeat as it prepares for cash shell status

(Sharecast News) - Ormonde Mining said in its interim results on Wednesday that it was reviewing acquisition and investment opportunities across a number of jurisdictions.

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