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Pin to quick picksPhoenix Copper. Share News (PXC)

Share Price Information for Phoenix Copper. (PXC)

London Stock Exchange
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Share Price: 18.25
Bid: 18.00
Ask: 18.50
Change: 2.25 (14.29%)
Spread: 0.50 (2.778%)
Open: 15.75
High: 18.00
Low: 18.00
Prev. Close: 15.75
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EARNINGS AND TRADING: Asia Strategic loss narrows; Verici Dx grant win

Wed, 31st Jan 2024 21:42

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

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Asia Strategic Holdings Ltd - Singapore-based developer and operator of consumer businesses located in emerging Asian economies - In the financial year that ended September 30, pretax loss narrows to USD5.3 million from USD5.9 million a year earlier. This is because revenue rises to USD24.1 million from USD17.9 million a year earlier, offsetting administrative expenses rising to USD18.2 million from USD13.1 million. Says 2023 marks sixth consecutive year of double-digit revenue growth. Declares no dividend as "needs to conserve cash for working capital and future expansion". Looking ahead, says it remains positive "on the long-term growth prospects of [Association of Southeast Asian Nations] as well as the markets in which its businesses operate", despite "difficult macroeconomic conditions faced" in financial 2023.

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Verici Dx PLC - Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants - Announces collaboration with the Westmead Institute for Medical Research based in Sydney, Australia on a four-year federal research grant. Says this forms part of the Australian government's Medical Research Future Fund 'Genomics Health Futures Mission', in which the Australian government is investing AUD500 million, or GBP259.0 million, in genomic medicine research with the objective to save or transform the lives of more than 200,000 Australians through genomic research to deliver better testing, diagnosis, and treatment, including in the field of organ transplants. Says the collaboration aims to improve the understanding of factors contributing to graft loss in organ transplants, focusing on "genetic differences between donor and recipient beyond the well-known human leukocyte antigens mismatches".

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Valereum PLC - Gibraltar-based company linking mainstream currency products into cryptocurrencies - Completes acquisition of Gibraltar-based fintech company GSX Group. In December, the deal was announced for 100% ownership in exchange for 5.0 million shares in Valereum and 10.0 million warrants, exercisable at 1 pence per share by December 2026.

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Phoenix Copper Ltd - Raises GBP66,257 via retail offer of 576,152 new shares priced at 11.5 pence each, alongside a subscription of 434,783 shares worth GBP50,000, further to the close of the placing and subscription raising GBP2.7 million on Friday last week. New shares will be admitted for trading on AIM in London on or around Tuesday next week.

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Gama Aviation PLC - Farnborough, England-based aviation services company - Agrees to buy the trade and assets of Specialist Aviation Services Ltd, a UK-based provider of helicopter emergency medical services and aircraft repairs and maintenance services, from its appointed administrator FRP for GBP280,000. Considering the initial working capital requirements of the business at completion, provisions for restructuring costs and transaction costs, Gama Aviation anticipates the total cost of the acquisition will amount to around GBP3.0 million. Gama Aviation Chief Executive Officer Marwan Khalek says: "This acquisition accelerates our growth in our special mission strategic business unit, adding scale in the UK, building on our recent contract wins with amongst other the Welsh Air Ambulance and opening new international operations in the Middle East to complement our established fixed wing aircraft management and maintenance, repair and overhaul capability in the region. We believe that there is considerable potential within the trade and assets of this business, that over the medium term will enhance the prospects of the special mission strategic business unit. However, given the nature of the acquisition, our immediate priority is to ensure continuity of service for the UK air ambulance charities such that they are able to maintain their life-saving operations."

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By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Sep 2023 13:30

IN BRIEF: Phoenix Copper notes metallurgical potential at Empire

Phoenix Copper Ltd - Base and precious metals explorer in the US state of Idaho - Says metallurgical test work at Empire mine shows possible "robust" copper, gold and silver recoveries. Says the test was completed by Forte Dynamics, which consisted of flotation processes as well as sulphuric acid leaching. Adds Navarre Creek drilling campaign is underway, with a total of 9.825 feet drilled so far.

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4 Sep 2023 10:57

Phoenix Copper upbeat on testing results from Empire Mine

(Sharecast News) - US-focussed Phoenix Copper announced successful results from its metallurgical testing at the Empire Mine open pit on Monday.

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17 Jul 2023 13:54

IN BRIEF: Phoenix Copper 2023 Navarre Creek drill programme underway

Phoenix Copper Ltd - Base and precious metals' explorer in the US state of Idaho - Says 2023 drilling programme underway at Navarre Creek exploration project in Custer County, Idaho. Says programme will comprise up to 60 reverse-circulation drill holes from 30 drill pads at the Navarre Creek claim block. Notes drill programme is to obtain a better understanding of mapping, surface geochemistry, mineral imagery and geomagnetic ground surveys.

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23 Jun 2023 15:35

Phoenix Copper extends $2m loan facility

(Sharecast News) - United States-focussed base and precious metals explorer and producer Phoenix Copper updated the market on the short-term $2m loan facility on Friday, which was first announced on 24 March.

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23 Jun 2023 15:25

CORRECT: IN BRIEF: Phoenix Copper extends loan facility

(Correcting that the loan facility is with Riverfort Global Opportunities PCC Ltd, not RiverFort Global Opportunities PLC).

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23 Jun 2023 10:43

IN BRIEF: Phoenix Copper extends loan facility by further three months

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Extends "short-term" USD2.0 million loan facility by a further three months. In March, Phoenix had signed the unsecured three-month loan facility carrying a fixed 4% coupon with High Wycombe, Buckinghamshire-based investment adviser RiverFort Global Opportunities PLC. At the time, it said the facility will strengthen operational working capital before the 2023 exploration season.

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6 Jun 2023 19:37

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(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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25 May 2023 11:54

IN BRIEF: Phoenix Copper loss widens; says mining sector to normalise

Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Pretax loss widens to USD1.6 million in 2022 from USD969,250 in 2021. Records no revenue, unchanged from the previous year. Phoenix Copper expects market volatility to remain until the war in Ukraine reaches a conclusion.

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12 Apr 2023 14:40

Phoenix Copper reports results from Red Star drilling

(Sharecast News) - United States-focussed base and precious metals explorer and emerging producer Phoenix Copper released assay results from the Red Star exploration drilling at the Empire Mine in Custer County, Idaho on Wednesday.

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12 Apr 2023 10:58

Phoenix Copper hails gold and silver find at Empire mine in Idaho

(Alliance News) - Phoenix Copper Ltd on Wednesday announced it completed its Red Star reverse circulation drilling at the Empire mine in Custer County, Idaho.

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24 Mar 2023 15:10

Phoenix takes $2m short-term loan as it finalises copper bonds

(Sharecast News) - US-focussed explorer and producer Phoenix Copper said in an update on Friday that it was finalising discussions with a number of parties to place up to $80m of corporate copper bonds, as it first announced on 8 June.

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24 Mar 2023 10:37

Phoenix Copper in talks to finalise placing of copper-linked bonds

(Alliance News) - Phoenix Copper Ltd on Friday said it was finalising discussions to place up to USD80 million of corporate copper bonds, initially announced in June.

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16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

(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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16 Mar 2023 15:53

Phoenix Copper pleased with Empire assay results

(Sharecast News) - Phoenix Copper reported assay results from three metallurgical core holes at its Empire open-pit copper project on Thursday, located in Custer County, Idaho.

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12 Jan 2023 21:20

TRADING UPDATES: Arkle finds pegmatites; Apollon win license deal

(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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