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Pin to quick picksPathfinder Minerals Share News (PFP)

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Share Price Information for Pathfinder Minerals (PFP)

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Share Price: 0.275
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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
11 May 2023 19:37

IN BRIEF: Pathfinder Minerals targets acquisition after sealing sale

Pathfinder Minerals PLC - natural resources company with licences to mine heavy minerals sands in Mozambique - Confirms disposal of IM Minerals Ltd, a wholly owned subsidiary of Pathfinder, to Acumen Advisory Group was approved by shareholders at its general meeting held on Thursday. Adds on completion of the disposal, the company will cease to own substantially all of its existing business activities or assets and will be classified as an AIM Rule 15 cash shell. As such, company will be required to make an acquisition or acquisitions which constitute a reverse takeover within six months to avoid shares being suspended. States board is evaluating opportunities in the sectors it considers appropriate, seeking to identify one or more projects or assets which the company can acquire.

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21 Apr 2023 08:37

Pathfinder revises deal to offload IM Minerals

(Sharecast News) - Minerals explorer Pathfinder has signed a revised sale and purchase agreement for the disposal of IM Minerals (IMM), it announced on Friday.

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12 Apr 2023 12:07

Pathfinder extends longstop date for IM Minerals disposal

(Sharecast News) - Mining company Pathfinder Minerals updated the market on its disposal of IM Minerals on Wednesday.

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12 Apr 2023 10:37

IN BRIEF: Pathfinder extends longstop date for IM Minerals disposal

Pathfinder Minerals PLC - natural resources company with licences to mine heavy minerals sands in Mozambique - Mutually agrees extension of longstop date over the agreed sale of IM Minerals Ltd to Acumen Advisory Group LLC. The longstop date is now May 11, extended from April 26. Pathfinder and Acumen entered into a conditional binding sale and purchase agreement for IM Minerals in late March.

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22 Mar 2023 10:30

AIM WINNERS & LOSERS: Pathfinder finds way forward in Mozambique

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

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22 Mar 2023 09:53

Pathfinder Minerals shares rise on sale and purchase deal with Acumen

(Alliance News) - Pathfinder Minerals PLC on Wednesday said that it has entered into a conditional binding sale and purchase agreement with Acumen Advisory Group LLC regarding the disposal of its subsidiary, IM Minerals Ltd.

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22 Feb 2023 12:23

Pathfinder Minerals extends date for sale of IM Minerals to March 21

(Alliance News) - Pathfinder Minerals PLC shares dropped on Wednesday, after it said it has extended its timeline for the sale of its wholly owned subsidiary IM Minerals Ltd.

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1 Feb 2023 12:04

Pathfinder Minerals shares surge amid progress on IM Minerals sale

(Alliance News) - Pathfinder Minerals PLC on Wednesday said it raised GBP500,000 through the issue and allotment of 100.0 million new shares priced at 0.5p each.

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1 Feb 2023 10:47

AIM WINNERS & LOSERS: ECSC wins contracts; Orcadian raises GBP500,000

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

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20 Jan 2023 15:45

UK shareholder meetings calendar - next 7 days

Monday 23 January 
Midatech Pharma PLCGM re proposed acquisition of Bioasis Technologies Inc
Tuesday 24 January 
C4X Discovery Holdings PLCAGM
Marston's PLCAGM
Smiths News PLCAGM
Wednesday 25 January 
City of London Group PLCGM re proposed share distribution and cancellation
Doric Nimrod Air One LtdEGM re special resolution to disapply the pre-emption rights
Infrastructure India PLCAGM
Lowland Investment Co PLCAGM
Majedie Investments PLCAGM
Majedie Investments PLCGM re appointment of the new investment manager
Thursday 26 January 
Auction Technology Group PLCAGM
Barings Emerging EMEA Opportunities PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Friday 27 January 
Avon Protection PLCAGM
Henderson Far East Income LtdAGM
Ixico PLCAGM
NB Global Monthly Income Fund LtdEGM re proposed managed wind-down
On The Beach Group PLCAGM
Pathfinder Minerals PLCGM re capital raise
Serica Energy PLCGM re consideration shares approval
Treatt PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
4 Jan 2023 10:04

AIM WINNERS & LOSERS: Corcel jumps on farm-out deal with Riversgold

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

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4 Jan 2023 09:23

Pathfinder extends option agreement over subsidiary sale to January 31

(Alliance News) - Pathfinder Minerals PLC on Wednesday said it extended its option agreement with Acumen Advisory Group LLC over the sale of its subsidiary IM Minerals Ltd until January 31.

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3 Jan 2023 17:52

Pathfinder Minerals raising £0.5m for working capital, loan repayment

(Sharecast News) - Pathfinder Minerals has entered into an agreement with an FCA-authorised financial institution, it announced on Tuesday, to raise £0.5m before expenses to repay a loan facility, and for general working capital.

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3 Jan 2023 12:27

Pathfinder Minerals unveils GBP500,000 placing to repay loan facility

(Alliance News) - Pathfinder Minerals PLC on Tuesday announced a placing to raise GBP500,000 for general working capital purposes.

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28 Dec 2022 16:59

IN BRIEF: Pathfinder Minerals loan upsized, repayment date extended

Pathfinder Minerals PLC - Mozambique-focused natural resources explorer - Agrees with lender to extend repayment date of unsecured loan facility to March 31, 2023, from February 2, 2023. Lender also increases size of financing by up to GBP40,000, from size of GBP120,000.

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