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Share Price: 3.30
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TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

Thu, 20th Apr 2023 17:23

(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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Capital Ltd - African markets-focused mining services provider - In the first quarter of 2023, revenue grows to USD77.8 million from USD66.9 million a year prior. Average monthly revenue per operating rig rises 10% to USD192,000 from USD174,000. Reiterates former expectation of 2023 revenue of USD320 million to USD340 million, up at least 10% from USD290.3 million in 2022. Chief Executive Peter Stokes says: "Our fleet remains highly utilised, our safety performance world class and we continue to see a strong tender pipeline of opportunities. This provides us a solid platform to achieve another record year milestone for 2023."

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Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Pretax loss widens to GBP3.6 million in 2022 from GBP3.5 million in 2021. Posts no revenue, down from GBP28,000. Administrative costs widen to GBP4.8 million from GBP2.1 million. Looking ahead, says is well positioned to use its technology and commercial differentiators to meet its strategic objectives.

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Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Finds 393 grammes of gold per tonne at Rudall project in Paterson province of Western Australia. Managing Director Shaun Day says: "These results, together with our continual improvement in understanding of the covered basement geology, stratigraphy and structure, increase our confidence in the prospectivity of the region, and our ability to vector towards intrusion related and other styles of mineralised systems on our extensive ground holdings."

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Nostra Terra Oil & Gas Co PLC - London-based oil & gas exploration and production company with a portfolio of development and production assets in Texas, US - Sells 11,988 barrels of oil in the fourth quarter of 2022, up 10% from 10,885 a year ago. Yields net revenue of USD946,464, 23% higher than USD767,000 a year prior. Average realised price for the period per barrel increases 13% to USD78.95 from around USD70. Further, says Fouke wells produce at rates above the current field allowable.

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Public Policy Holding Co Inc - US-based government relations and public affairs firm - Net loss narrows to USD7.2 million in 2022 from USD23.8 million in 2021. Revenue climbs to USD108.8 million from USD99.3 million. Personnel costs increase to USD52.3 million from USD44.1 million. Declares final dividend of USD0.095 per share, bringing the total to USD0.14. In 2021, the company had paid a dividend of USD0.0065 for the 15 days between December 16, when it had its IPO, to December 31. Looking ahead, expects organic revenue growth of 5% to 10% in 2023 while focuses on building a pipeline of strategic acquisition opportunities in the federal and state advocacy markets and public affairs markets in the US and abroad.

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Savannah Resources PLC - European lithium development company - Notes closure of public consultation period on revised Barroso lithium project environmental report and mine plan. Expects Portugal's environmental agency Agencia Portuguesa do Ambiente to continue with review and to issue its environmental impact statement at the end of May. Chief Executive Officer Dale Ferguson says: "Portugal is fortunate in having high quality lithium resources which could allow it to play a key role in providing a raw material which the European Commission has identified as being critical and strategic for the region's energy transition, as it looks to combat the effects of climate change and develop new sectors in its economy."

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Sherborne Investors (Guernsey) C Ltd - closed ended investment company - NAV per share at Dec 31 falls 8.2% to 75.62 pence from 82.38p a year prior. Pays final dividend of 0.5p per share dividend for 2022, bringing the total to 1.0p, compared to no payouts for 2021.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
16 Sep 2019 09:34

Savannah Resources Raises GBP5 Million For Mina Do Barroso Development

(Alliance News) - Savannah Resources PLC on Monday said it has raised GBP5 million cash through a share placing, subscription, and investment from its major shareholder to complete the definitive

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8 Aug 2019 11:50

Savannah Resources To Be Awarded Two New Mining Licences In Oman

LONDON (Alliance News) - Savannah Resources PLC is to be granted two mining licences over "high-grade" copper developments in Oman, it said on Thursday.Oman's Public Authority

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26 Jun 2019 15:29

Savannah Resources expands in Portugal by exercising Aldeia option

(Sharecast News) - Savannah Resources announced on Wednesday that it was adding to its wholly-owned Mina do Barroso Lithium Project portfolio in northern Portugal, with the exercise of the Aldeia option to acquire the Aldeia Mining Lease application areas.

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26 Jun 2019 14:23

Savannah Resources Buys Aldeia Blocks, Adding To Mina Do Barroso

(Alliance News) - Savannah Resources PLC said Wednesday it has added to its Mina do Barroso lithium project in northern Portugal by exercising an option to acquire a nearby mining lease.The

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20 Jun 2019 11:37

Savannah Resources Buys Remaining Stake In Portuguese Lithium Project

(Alliance News) - Savannah Resources PLC on Thursday said it has acquired the remaining 25% stake in Portugal's Mina do Barroso lithium project in an all-share transaction.The deal 100%

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31 May 2019 09:23

Savannah Resources Increases Mina Do Barroso Resource By 15%

LONDON (Alliance News) - Savannah Resources PLC sees room for further expansion of the mineral resource at Mina do Barroso, following a 15% upgrade, it said Friday.The new resource at the a

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21 May 2019 11:23

Savannah Resources Annual Loss Widens As Develops Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Tuesday reported a widened annual loss due to higher administrative expenses.For 2018, the resource development company posted pretax loss

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14 May 2019 14:06

Savannah Resources Welcomes European Vehicle Battery Investment

LONDON (Alliance News) - Savannah Resources PLC on Tuesday welcomed a move by France and Germany to work on electric vehicle batteries.The two nations, Savannah said, have set up a battery

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15 Apr 2019 15:30

Savannah Resources to acquire rest of Savannah Lithium

(Sharecast News) - Savannah Resources has entered into a term sheet to acquire the minority 25% shareholding in Savannah Lithium, it announced on Monday, which owns the Mina do Barroso Lithium Project in Portugal.

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15 Apr 2019 12:24

Savannah Resources Takes Full Control Of Flagship Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Monday said it has purchased all of the Mina do Barroso lithium project in Portugal is does not already own.Savannah is buying the 25% of

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9 Apr 2019 13:50

Savannah Resources Achieves Another Resource Increase In Portugal

LONDON (Alliance News) - Lithium miner Savannah Resources PLC has increased the mineral resource at its Mina do Barroso project in Portugal by 17%.The resource now stands at 23.5 million of

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11 Feb 2019 16:09

Savannah Resources reveals 'impressive' mineralisation at Portuguese lithium project

(Sharecast News) - Savannah Resources climbed on Monday after confirming the continuity of lithium mineralisation at its Mina do Barroso lithium project in Portugal.

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11 Feb 2019 12:10

Savannah Resources Confirms Lithium Continuity At Portuguese Project

LONDON (Alliance News) - Savannah Resources PLC on Monday said further drilling has confirmed the continuity of lithium mineralisation at its Mina do Barroso lithium project in at the Pinheiro, at

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29 Jan 2019 13:14

Savannah Resources Sees Excellent Test Results At Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC said Tuesday further "excellent" test work results from its Mina do Barroso lithium project in Portugal is test work at the project 6.0% a

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18 Dec 2018 16:26

Savannah begins working with Portuguese study partners

(Sharecast News) - Resource development company Savannah Resources announced on Tuesday that it was now working with the Laboratorio Nacional de Energia e Geologia (LNEG) and Faculty of Sciences from the University of Porto, and had concluded a preliminary mineralogy study and a first draft processing flowsheet for the treatment, recovery and concentration of spodumene from samples of Grandao and NOA deposits at the Mina do Barroso Project (MdB) in Portugal.

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