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TRADING UPDATES: Clipper in John Lewis deal; Immotion's record July

Mon, 16th Aug 2021 12:10

(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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Clipper Logistics PLC - Leeds, England-based logistics firm - Notes deal with retailer John Lewis Partnership to provide e-commerce and store replenishment services at Clipper distribution site near Leicester. "This is in addition to a range of existing services that Clipper currently provides for John Lewis including returns management for e-commerce products, forward orders for furniture, pre-retail operations for clothing suppliers," Clipper says. "The extended operation is initially for a minimum term of three years and the Bardon facility comprises 317,000 square feet of warehousing space." Last week Wednesday, John Lewis signed a deal with Tesco PLC to lease a million square foot distribution centre to meet demand for online orders, creating 500 jobs in the process.

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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Expects revenue of GBP2.7 million for first half of 2021 and a breakeven at an earnings before, interest, tax, depreciation and amortisation level. Immotion notes June was its best ever month, posting Ebitda of GBP126,000 on revenue of GBP850,000. "We are further pleased to confirm that the second half of 2021 has started very strongly with July being yet another record month. Unaudited group revenue was GBP1 million, with unaudited Ebitda at circa GBP200,000, a considerable increase versus June, taking the company into overall Ebitda profitability for the year to date," Immotion says. "Overall, we remain very optimistic about the prospects for H2, assuming no material reversal in the easing of pandemic related restrictions."

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SimiGon Ltd - training and simulation technologies developer - Says independently operated US arm SimiGon Inc re-awarded a purchase deal with US Air Force to supply virtual and mixed reality training devices for a four-year period. SimiGon notes it is one of three contractors under the blanket purchase pact.

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Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Says transportation technology company firm Eroad Ltd will see Seeing's Guardian platform used in a fleet management software to "help combat driver fatigue and make roads safer". Seeing notes Eroad's fleet management software is "designed to improve driver safety, manage vehicle fleets and reduce costs associated with driving".

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Avation PLC - Singapore-based passenger aircraft leasing company - Signs five-year leases for three ATR 72-500 aircrafts with Australian carrier Hevilift. "These aircraft are all former Virgin Australia aircraft that the company has been remarketing since Virgin Australia entered administration and returned the aircraft to Avation. Virgin Australia returned six ATR 72-500 aircraft to Avation of which five have now been leased or sold," Avation says.

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Cellular Goods PLC - UK-based provider of premium consumer products based on lab-made cannabinoids - Signs "multi-year" manufacturing and supply agreement with Chanelle McCoy Health Ltd for ingestible products. Pure cannabinoid products provider Chanelle McCoy Health to supply Cellular with three CBD ingestibles which will go on sale under Cellular Goods branding in UK first, then continental Europe in 2022. Chanelle McCoy Health was founded by Chanelle McCoy, who is on the panel of Irish iteration of BBC television programme Dragons' Den. The show sees budding entrepreneurs pitch to receive backing from panel of investors. "The deal marks a significant step in Cellular Goods' go-to-market strategy and will accelerate its entry into the market for ingestible wellness products for human consumption by more than a year," Cellular adds.

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Altus Strategies PLC - mining royalty company - Notes "further encouraging results" from Mali-based Tabakorole gold project, which Altus has 49% stake in as well as 2.5% net smelter return royalty. Says results from five diamond drill holes in central zone of asset are expected to "increase the volume and grade of the resource". "Further encouraging drilling results have been received from the Tabakorole gold project in southern Mali. Of particular significance, is the continued shallow and higher-grade intersections from the central zone of the deposit,2 CHief Executive Steven Poulton commented.

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i3 Energy PLC - oil & gas company with assets and operations in the UK and Canada - Says second quarter of 2021 was "another intensely active and transformational period" for company. Output averaged 8,905 barrels of oil equivalent per day, down 2.0% quarter-on-quarter. In July, including recent acquisitions of Wapiti and South Simonette assets, in Canada, output in July averaged 9,598 Boepd, including 10,031 Boepd in final week alone.

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United Oil & Gas PLC - London-based oil & gas company - Announces spudding of ASX-1X exploration well in 22%-owned Abu Sennan licence, Egypt. "In a success-case scenario, the well is expected to take up to 54 days to drill, test and complete," United Oil says.

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Premier African Minerals Ltd - southern Africa-focused miner - Updates scoping study at Zulu lithium project in Zimbabwe. Study updated to reflect higher selling prices of Spodumene, a mineral which is a source of lithium. Premier African says top revenue forecast at project lifted to USD1.67 billion from USD1.10 billion forecast from 2017 estimate. Estimated capital costs also rise, to USD69.3 million from USD64.0 million. "With the recently reported surge in Spodumene concentrate selling prices, Premier approached Bara Consulting with a request that the scoping study financial matrix be reviewed taking cognisance of the price changes and any other salient factors that may have changed in the period after publication of the scoping study," CEO George Roach says.

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Blencowe Resources PLC - natural resources company focused on the development of the Orom-Cross graphite project in Uganda - Says new drilling campaign completed at Orom-Cross, with 38 additional infill holes sealed. Notes 1,150 samples currently on way to JORC-accredited laboratory in Tanzania.

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Kavango Resources PLC - mineral exploration company with operations in Botswana - Completes first geological borehole in target area A, located in Hukuntsi section of Kalahari Suture Zone in Botswana. Area was drilled to depth of 578 metres.

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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Notes results from drilling at Senala project in Senegal, where joint-venture partner IAMGOLD Corp has option to spend USD8 million to earn 70% interest. Says drilling results from Fare and Madina Bafe areas of Senala have best results of up to 70 metres at 1.46 grammes per tonne of gold and 10 metres at 1.69 grammes per tonne of gold. "The results reaffirm the presence of wide intervals of near-surface gold mineralisation, endorsing the company's belief that Fare has the potential to host a standalone deposit," Oriole says.

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Longboat Energy PLC - North Sea-focused exploration firm - Says Norway's Ministry of Petroleum & Energy approves acquisition of exploration licence interests in Norwegian Continental Shelf. Longboat adds: "The company is thereby qualified as a licence holder on the Norwegian Continental Shelf and subject to the finalisation of the usual completion procedures with the various counterparties, expects to complete the farm-ins on 1 September 2021." In June, Longboat said it struck deals to acquire an exploration drilling programme on the Norwegian Continental Shelf structured as three farm-in transactions.

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Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Seals maiden JORC-compliant mineral resource estimate at Zafar polymetallic deposit in Azerbaijan. Anglo Asian highlights mineralisation of 8.5 million tonnes wuth average grades of 0.60% copper, 0.47% zinc and 0.30% gold. "Zafar's maiden mineral resource estimate is extremely encouraging and will help underpin the company's future long-term production growth," CEO Reza Vaziri says.

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Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Says daily throughput averaged 703 tonnes per day in July, up 38% from second quarter average. "Average throughput is expected to continue to increase steadily up to and beyond nameplate capacity of 800 tpd for the balance of 2021," Pure Gold adds. Says head grades averaged 5.6 grammes per tonne in July, in line with expectations. July gold production came in at 3,730 ounces, a monthly record. Including July, Pure Gold expects second half output of 27,000 to 32,000 ounces of gold.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
15 Jun 2023 12:00

Oriole Resources shares rise on resource potential of Cameroon project

(Alliance News) - Oriole Resources PLC on Thursday said that it is looking to refining targets at its gold project in Cameroon, after early imagery from testing showed "much finer structural detail" than previously visible.

Read more
1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
Cap-XX LtdGM re fundraising
Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
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Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
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Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
20 Apr 2023 13:54

IN BRIEF: Oriole Resources shares surge as chair invests

Oriole Resources PLC - London-based gold exploration company, focused on an early stage exploration project in Cameroon and the more advanced Senala gold project in Senegal - Raises GBP195,500 via a subscription buy Non-Executive Chair Eileen Carr. A total of 115.0 million new shares will be issued at a price of 0.17 pence per share. The proceeds will primarily be used for working capital to develop project-level funding opportunities and joint-venture partnerships at its exploration projects in Cameroon.

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18 Apr 2023 14:20

TRADING UPDATES: Journeo extends contract; Biome completes fundraise

(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
11 Apr 2023 12:19

Oriole reports progress on funding Cameroon project

(Sharecast News) - West Africa-focussed exploration company Oriole Resources updated the market on its five Eastern CLP licences in central Cameroon on Tuesday, as part of the wider Central Licence Package (CLP).

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11 Apr 2023 10:21

Oriole Resources signs USD1 million funding deal for Cameroon project

(Alliance News) - Oriole Resources PLC on Tuesday said it is transferring ownership of five Eastern central licence package assets in Cameroon to a sub-holding firm.

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27 Mar 2023 11:13

Oriole Resources completes geophysics programme at Mbe licence

(Alliance News) - Oriole Resources PLC on Monday said it has completed a ground-based geophysics programme over its main target at the Mbe licence in the eastern part of its 90%-owned central licence package project in Cameroon.

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9 Mar 2023 14:29

TRADING UPDATES: Forterra lifts yearly dividend on profit surge

(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
27 Feb 2023 19:04

Oriole Resources project in Cameroon delivers high-grade gold results

(Alliance News) - Oriole Resources PLC on Monday said its 90%-owned Central Licence Package in Cameroon has delivered further high-grade gold results.

Read more
27 Feb 2023 16:19

Oriole upbeat on latest work at Central Licence Package

(Sharecast News) - West Africa-focussed Oriole Resources updated the market on exploration at its 90%-owned Central Licence Package (CLP) project in Cameroon on Monday.

Read more
2 Feb 2023 11:30

Oriole touts value opportunity in Cameroon on lithium discovery

(Alliance News) - Oriole Resources PLC on Thursday hailed progress in Cameroon, after exploration confirmed lithium pegmatites at its Central Licence package project.

Read more
30 Jan 2023 14:23

TRADING UPDATES: Empire Metals confirms copper; Mosman hails progress

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

Read more
21 Dec 2022 13:32

Oriole's partner on Senala agrees to sell up

(Sharecast News) - West Africa-focussed gold explorer Oriole Resources reported on Wednesday that its partner on the Senala gold project in Senegal, IAMGOLD Corporation, has signed a definitive deal to sell its portfolio of projects in Senegal, Mali and Guinea to Managem Group for $282m.

Read more
21 Dec 2022 12:33

Oriole Resources shares down as partner sells portfolio of projects

(Alliance News) - Oriole Resources PLC shares droppedĀ on Wednesday, after it said its joint venture partner on the Senala gold project in Senegal, Iamgold Corp, has signed a definitive agreement to sell its portfolio of projects.

Read more
9 Dec 2022 19:51

TRADING UPDATES: FBD loses CFO; Eqtec wins GBP 2 million loan facility

(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

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