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Pin to quick picksSerabi Share News (SRB)

Share Price Information for Serabi (SRB)

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Share Price: 70.50
Bid: 69.00
Ask: 72.00
Change: 0.00 (0.00%)
Spread: 3.00 (4.348%)
Open: 70.50
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Low: 70.50
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TRADING UPDATES: Spectral does not expect delay to Rosecliff deal

Tue, 01st Aug 2023 19:45

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

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Manolete Partners PLC - London-based insolvency litigation financing firm - Notes UK Supreme Court ruling in a case involving Paccar Inc that relates to a number of funded claims in relation to truck cartel price fixing being heard in the UK's Competition Appeal Tribunal. Points out Manolete also has a number of claims in relation to the same matter. Explains all of Manolete's claims have been purchased by the company, none are funded. Thus, states the Supreme Court ruling therefore has no relevance to Manolete's claims in this matter. Considers that the prospect of any party seeking to re-open a previously completed funded case as highly remote.

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ThomasLloyd Energy Impact Trust PLC - London-based renewable energy investment trust -

ThomasLloyd Group Ltd calls on company to immediately withdraw its recommendation to vote against the continuation resolution. Believes that the current actions of the company are fundamentally detrimental to shareholder value and to the best interests of shareholders. Fails to see how the company can claim it had no alternative but to recommend that shareholders vote against the continuation resolution. Considers the actions of the board of the company to be

self-serving.

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Spectral MD Holdings Ltd - London-based artificial intelligence company focused on medical diagnostics for wound care treatment - Notes thefiling by Rosecliff Acquisition Corp regarding its delisting from Nasdaq. On April 11, Spectral announced that it had entered into a business combination agreement to combine with Rosecliff. Does not anticipate any delay to the transaction, which is expected to be completed in the third quarter.

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Thor Energy PLC - uranium and vanadium explorer - Quarterly update. Nicole Galloway Warland, managing director says: "The June quarter has seen a strong focus on our US uranium and vanadium assets, with the completion of the first high-resolution airborne magnetic and radiometric surveys in the region, covering the Wedding Bell, Radium Mountain and Vanadium King projects. This has led to several exciting high order uranium anomalies being identified in areas untested as well as along strike of history uranium and vanadium workings. Concurrently, drilling preparation and approvals are underway for follow-up drilling to the 2022 program at Wedding Bell and Radium Mountain projects, plus a maiden drill program at Vanadium King. We reported a positive set of vanadium assay results, confirming the uranium mineralisation determined by downhole gamma and highlighting broader enriched vanadium haloes of up to 0.27% vanadium."

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Everest Global PLC - London-based investment company focused on African agricultural sector - Reports revenue in six months ended April 30 fell to GBP1.4 million from GBP1.7 million the year prior. Pretax profit of GBP379,463 compared to loss of GBP4.6 million before. Basic earnings per share of 1.15 pence compared to loss per share of 17.79p. "While the world economy is uncertain with the war in the Ukraine, inflation, high interest rates and, uncertain demand and supply we believe we will steady the company and give it a solid foundation for future growth," company says.

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Serabi Gold PLC - Brazilian-focused gold mining and development company - Signs agreement with the representatives of the indigenous communities confirming their support for the long-term development of the Coringa project and setting out the steps to be followed to complete the consultation process. The agreement has been signed with Kabu Institute and the Mantino Indigenous Association who together represent all of the communities of the Bau indigenous territory. The parties have agreed not to take actions to suspend the development of the Coringa project in recognition of the long term direct and indirect local economic benefits. Over the next 180 days the parties will complete all remaining aspects of the consultation process.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Nov 2011 11:11

Serabi strikes 'bonanza' grade gold in Brazil

Serabi Mining, the Brazil-focused gold exploration company, says test drilling suggests the size of its Palito deposit may be 80% greater than first thought. The drilling programme, which began in late October and ran through to the middle of November, involved digging eight holes. Test results rec

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22 Nov 2011 08:04

Serabi Mining discovers areas of interest

Serabi Gold, the Brazilian focused exploration company, has discovered areas of geological interest in the results of its recently completed 2011 'Eastern Block' induced polarization (IP) ground geophysical survey in the Jardim do Ouro project. The results indicate a number of IP chargeability anom

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21 Jan 2011 16:59

London close: Shares end week on a high

London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After

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21 Jan 2011 14:35

London afternoon: Miners lead revival

After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters

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21 Jan 2011 12:08

Small caps round-up: African Eagle, Finsbury Food, Thor Mining

African Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study

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29 Jun 2010 09:02

Serabi Mining Exploration Program Focused On Palito

LONDON (Dow Jones)--Serabi Mining PLC (SRB.LN) said Tuesday the current exploration program is focused on a number of promising geophysical anomalies highlighted by the 2008 airborne VTEM survey and subject to finalizing a drill contract and mobilizing, it will undertake an estimated 7,500 meters of

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16 Jun 2010 14:41

London afternoon: Footsie flat

Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.

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16 Jun 2010 11:41

Small cap round-up: GTL Resources, Serabi, Stewart & Wright

Higher production and improved margins helped ethanol producer GTL Resources more than double profits in the year to March 31. Pre-tax profits climbed to $32.9m from $14.5m the previous year on revenues that were up to $216.6m from $145.5m. Brazil-focused gold miner Serabi Mining has agreed to iss

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16 Jun 2010 07:50

Serabi Mining Enters Share Subscription Pact With Eldorado Gold

LONDON (Dow Jones)--Serabi Mining PLC (SRB.LN), a resources company, said Wednesday it has entered into a conditional share subscription agreement with Eldorado Gold Corporation (ELD.LN) a Canadian-based gold producer with existing interests and operations in Turkey, China, Brazil and Greece. M

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14 Jun 2010 15:58

Serabi Mining: IBAMA Suspends Operations At Palito >SRB.LN

LONDON (Dow Jones)--Serabi Mining PLC (SRB.LN), an AIM-traded gold exploration and production company, said Monday that following a visit from a representative of the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renovaveis, or IBAMA, the Federal Environmental Agency, Serabi Mineraca

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