The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRockfire Share News (ROCK)

Share Price Information for Rockfire (ROCK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.185
Bid: 0.18
Ask: 0.19
Change: -0.03 (-13.95%)
Spread: 0.01 (5.556%)
Open: 0.215
High: 0.20
Low: 0.185
Prev. Close: 0.215
ROCK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS AND TRADING: UK Oil in Broadford blow; SolGold optimistic

Tue, 19th Mar 2024 18:41

(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:

----------

UK Oil & Gas PLC - oil and gas with assets in UK and Turkey - Planning consent at wholly-owned Broadford Bridge site refused by West Sussex County Council. "Although the envisaged geothermal scheme is entirely peripheral to the company's core petroleum and hydrogen storage activities and is of no current materiality, the company will further consider its position and has six months in which to lodge an appeal should it so decide," UKOG says.

----------

SolGold PLC - Ecuador-focused copper and gold exploration company - Exploration finds "significant porphyry target" at El Cielto Norte in Blanca-Nieves asset, Ecuador. Says find is "greater in extent than the Alpala system" located to south at Cascabel asset. "Our team is excited about the overall prospect of the Blanca-Nieves project, including the potential for future integration with the Cascabel project. The district scale opportunity reinforces our view that mining has the potential to be a significant, multi-generational sector in Ecuador," SolGold says.

----------

Marula Mining PLC - Africa-focused mining company - Signs long-term offtake agreement for Blesberg lithium and tantalum mine in South Africa with metals, minerals and energy commodities trading group Fujax UK Ltd. Says relates to spodumene ore and concentrate from Blesberg. First sales begin in May 2024 and then continue on monthly basis to December 31, 2026, with option of further three-year extension.

----------

Andrada Mining Ltd - technology metals mining company focused on exploration licences in Namibia - Subsidiary Uis Tin Mining enters NAD175 million, around GBP7.3 million, funding deal with Bank Windhoek Ltd. If financing is sealed, it replaces Uis Tin's current banking facilities of NAD111.3 million. "The proceeds from the facilities will be primarily allocated to working capital, strategic growth initiatives, and the retirement of existing facilities. Details on the use of funds are set out below," Andrada says.

----------

Rockfire Resources PLC - Mineral exploration company with assets in Australia and Greece - Drilling at Molaoi zinc deposit in Greece finds "high-grade zinc beneath the main resource". RockFire says: "Drilling is continuing at Molaoi, with observations of the core recording visible zinc mineralisation in holes drilled deeper than historical drilling, as well as holes being drilled to the north of the resource. The resource is likely to be expanded at depth and along strike once the analyses are completed at the laboratory."

----------

Savannah Energy PLC - energy company, with projects in Niger and Nigeria - Strikes deals to acquire 49% interest in Stubb Creek, Nigeria. Savannah agrees to separate deals with Sinopec International Petroleum Exploration & Production Corp and Jagal Ventures Ltd, to buy 100% of Sinopec International Petroleum Exploration & Production Co Nigeria Ltd. SIPEC Nigeria owns 49% of Stubb Creek and Savannah affiliate Universal Energy Resources Ltd is 51% owner and operator. Savannah acquires 75% of SIPEC Nigeria from Sinopec International for USD52 million in cash. The remaining 25% will be bought from Jagal for USD7.5 million, also in cash, plus USD2 million in a deferred consideration. Chief Executive Officer Andrew Knott says: "Savannah remains committed to growing our core business in Nigeria through a combination of both value accretive acquisitions and organic projects. This is reflected in this morning's announcement of the SIPEC Acquisition. The base case acquisition has been priced in line with our expected returns criteria, with the identified upside cases (the oil de-bottlenecking and new gas sales to Accugas projects) hoped to add significant value to the Stubb Creek field over time."

----------

Mortgage Advice Bureau Holdings PLC - mortgage broker - Revenue in 2023 rises 3.8% to GBP239.5 million from GBP230.8 million in 2022. Pretax profit, however, declines 6.8% to GBP16.2 million from GBP17.4 million. Administrative expenses increase 30% to GBP46.7 million from GBP36.0 million. Maintains final dividend at 14.7 pence per share, meaning annual payout also unmoved at 28.1p. "Following the modest improvement in trading towards the end of last year, we have seen a very positive start to 2024 across both purchase and re-financing, including a long-awaited recovery in buy-to-let activity," MAB says. "Although the macroeconomic environment remains difficult to predict, we are increasingly optimistic about the group's prospects for this new financial year, with current trading in line with expectations."

----------

Gresham House Renewable Energy VCT 1 and Gresham House Renewable Energy VCT 2 PLC - venture capital trusts - Both says their boards and advisers are continuing talks with potential buyers of their remaining solar assets. In July, shareholders for both companies voted to approve a special resolution to adopt a new investment policy. As a result, both companies entered a managed wind-down, looking to realise investments.

----------

600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - Says revenue for 11 months to February 29 down 19% on-year at USD22.6 million and gross margin weakens to 34.6%, from 36.6%. 600 is yet to conclude sale of operating businesses, all located in US. US unit remains in default on expired and fully drawn USD5.5 million facility with Bank of America as a result. 600 adds: "Whilst negotiations continue with potential acquirers for the operating businesses, there can be no assurance that a satisfactory deal will be concluded within a reasonable time frame or that the terms of any such transaction would enable the company to repay the facility. As a result, the company is currently considering various alternatives including bankruptcy and/or dissolution under US laws for its US subsidiaries." Shares are due to be cancelled on April 2, six months from date of suspension.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
2 Aug 2022 19:39

IN BRIEF: Rockfire Resources identifies new targets at Plateau project

Rockfire Resources PLC - London-based gold and base metal exploration company - Following ongoing mapping and rock sampling at the Plateau gold deposit in Queensland, Australia, the company identified new targets close to the drilled gold resources.

Read more
23 Jun 2022 16:02

UK shareholder meetings calendar - next 7 days

Friday 24 June 
AFC Energy PLCGM re fees for non-executive directors
Avast PLCAGM
Devolver Digital IncAGM
Entain PLCAGM
Gulf Keystone Petroleum LtdAGM
Hawkwing PLCAGM
Invesco Bond Income Plus LtdAGM
Life Science REITAGM
Northcoders Group PLCAGM
Princess Private Equity Holding LtdAGM
Monday 27 June 
Anglo-Eastern Plantations PLCAGM
Celadon Pharmaceuticals PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Echo Energy PLCAGM
Medica Group PLCAGM
Pelatro PLCAGM
Surgical Innovations Group PLCAGM
Warpaint London PLCAGM
Tuesday 28 June 
4D Pharma PLCAGM
Acceler8 Ventures PLCAGM
Airtel Africa PLCAGM
Alina Holdings PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Attraqt Group PLCAGM
Bay Capital PLCAGM
Capital & Counties Properties PLCAGM
CMO Group PLCAGM
Corre Energy BVAGM
Creo Medical Group PLCAGM
Futura Medical PLCAGM
Gama Aviation PLCAGM
ICG Enterprise Trust PLCAGM
ImmuPharma PLCAGM
IQE PLCAGM
Katoro Gold PLCAGM
Rockhopper Exploration PLCAGM
Sound Energy PLCAGM
TP Group PLCAGM
UK Oil & Gas PLCAGM
Volvere PLCAGM
Zegona Communications PLCAGM
Wednesday 29 June 
Africa Opportunity Fund LtdAGM
Argo Blockchain PLCAGM
Atome Energy PLCAGM
Brave Bison Group PLCAGM
Concurrent Technologies PLCAGM
Eden Research PLCAGM
Facilities by ADF PLCAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Hurricane Energy PLCAGM
i(x) Net Zero PLCAGM
Lords Group Trading PLCAGM
MaxCyte IncAGM
Meggitt PLCAGM
Mobile Tornado Group PLCAGM
NB Distressed Debt Investment Fund LtdAGM
NetScientific PLCAGM
Provident Financial PLCAGM
RA International Group PLCAGM
Reabold Resources PLCAGM
Symphony Environmental Technologies PLCAGM
Team17 Group PLCAGM
ThinkSmart LtdGM re approval for capital return
Trinity Exploration & Production PLCAGM
URA Holdings PLCAGM
XP Factory PLCAGM
Zaim Credit Systems PLCAGM
Thursday 30 June 
3i Group PLCAGM
Ashtead Technology Holdings PLCAGM
Borders & Southern Petroleum PLCAGM
Caspian Sunrise PLCAGM
Cobra Resources PLCAGM
Crimson Tide PLCAGM
ECSC Group PLCAGM
Evraz PLCAGM
Gresham House Energy Storage Fund PLCAGM
GRIT Investment Trust PLCAGM
Gulf Marine Services PLCAGM
Hamak Gold LtdAGM
Hemogenyx Pharmaceuticals PLCAGM
Immotion Group PLCAGM
Inspiration Healthcare Group PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kropz PLCAGM
Likewise Group PLCAGM
Live Co Group PLCAGM
Location Sciences Group PLCAGM
LoopUp Group PLCAGM
M&C Saatchi PLCAGM
Microsaic Systems PLCAGM
Nostra Terra Oil & Gas CoAGM
Pathfinder Minerals PLCAGM
Playtech PLCAGM
Primorus Investments PLCAGM
Rockfire Resources PLCAGM
Roquefort Therapeutics PLCAGM
Sanne Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serica Energy PLCAGM
Supply@ME Capital PLCAGM
Surface Transforms PLCAGM
Synairgen PLCAGM
Tower Resources PLCAGM
Trainline PLCAGM
ValiRx PLCAGM
Victoria Oil & Gas PLCAGM
Watchstone Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Jun 2022 11:33

IN BRIEF: Rockfire Resources hails soil sampling results at Plateau

Rockfire Resources PLC - London-based gold and base metal exploration company - Confirms that soil sampling at its Plateau gold deposit in Queensland, Australia returned strong, elevated gold results. Finds up to 0.67 grammes per tonne of gold and 2.3 grammes per tonne of silver. Says gold results are strongest at the edges of the intruded breccia pipe, where the main gold resource at Plateau is located.

Read more
30 May 2022 17:26

UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down

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

Read more
23 May 2022 21:54

TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

(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
3 May 2022 12:56

IN BRIEF: Rockfire verifies high zinc grades at Molaoi zinc deposit

Rockfire Resources PLC - gold and base metal exploration company - Says the reanalysis of historical diamond drill core at the Molaoi zinc deposit in Greece has verified the high grades reported by previous explorers. Says the reanalysis of historical diamond drill core has returned high-grade zinc, lead and silver values. Notes that it is still expecting assay results from the sampling of gold and critical metals.

Read more
11 Apr 2022 22:01

TRADING UPDATES: Manolete caution; tinyBuild buys in Russia-Ukraine

(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 Mar 2022 14:38

TRADING UPDATES: Further progress at Blencowe and Rockfire mines

(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
8 Mar 2022 19:38

IN BRIEF: Rockfire wins tender for 30-year mining licence for Molaoi

Rockfire Resources PLC - gold and base metal exploration company - Wins open international tender for full ownership of 30-year licence to explore and mine the Molaoi zinc-lead-silver deposit in Greece.

Read more
20 Jan 2022 21:13

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

Read more
23 Dec 2021 11:14

Rockfire Resources reaches 'preferred' status in Greece mine tender

(Sharecast News) - Gold and base metals exploration company Rockfire Resources has reached 'preferred tenderer' status in an open international tender, it announced on Thursday, for a 100% interest in the right to explore and mine a high-grade zinc deposit in Greece.

Read more
22 Dec 2021 21:22

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

Read more
29 Nov 2021 19:32

TRADING UPDATES: Hummingbird lowers guidance; Serinus swings to profit

TRADING UPDATES: Hummingbird lowers guidance; Serinus swings to profit

Read more
29 Nov 2021 11:05

Rockfire upbeat on assay results from Copperhead project

(Sharecast News) - Gold and base metals exploration company Rockfire Resources updated the market on its diamond drilling programme at its wholly-owned Copperhead porphyry project in north Queensland, Australia on Monday.

Read more
1 Nov 2021 14:35

TRADING UPDATES: Bango to offer Microsoft 365; Petrofac prices notes

TRADING UPDATES: Bango to offer Microsoft 365; Petrofac prices notes

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.