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Pin to quick picksSerabi Share News (SRB)

Share Price Information for Serabi (SRB)

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Share Price: 66.00
Bid: 65.00
Ask: 67.00
Change: 1.50 (2.33%)
Spread: 2.00 (3.077%)
Open: 64.50
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Low: 64.50
Prev. Close: 64.50
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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.

More News
10 Jul 2022 12:29

Sunday share tips: Serabi Gold, Domino's Pizza

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended readers buy shares of Serabi Gold, telling them that production was recovering and that profits were set to soar.

Read more
5 Jul 2022 11:02

IN BRIEF: Serabi Gold finds copper deposit at Matilda asset in Brazil

Serabi Gold PLC - London-based Brazil-focused gold miner - Finds porphyry at Matilda prospect in the northern Brazilian state Para. "Assay results from the first-pass three-hole diamond drilling programme into the Matilda prospect confirm the discovery of a copper-silver-molybdenum porphyry system," it explains. Porphyry copper deposits can contain elements such as gold, silver and molybdenum.

Read more
30 Jun 2022 19:25

EARNINGS UPDATES: Bushveld loss widens; Scottish Investment assets up

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

Read more
22 Jun 2022 12:48

Serabi Gold reports more positive results from Coringa

(Sharecast News) - Brazil-focussed Serabi Gold reported further positive results from its Coringa development project in the Tapajos region of Para State on Wednesday, with initial ore sorting test work confirming amenability to the sorting of Coringa ore, with a "greater than three times" improvement in grade.

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22 Jun 2022 11:59

IN BRIEF: Serabi Gold shares rise with good results at Coringa project

Serabi Gold PLC - London-based Brazil-focused gold miner - Confirms "amenability" to ore sorting with a greater than three times improvement in grade at its Coringa project from initial ore sorting test work. The development project is located in the Tapajos region of Brazil.

Read more
13 Jun 2022 14:19

Serabi Gold reports 'continued improvement' in Palito production

(Sharecast News) - Brazil-focussed miner Serabi Gold reported "continued improvement" in its production from its Palito Complex in the Tapajos region of Brazil's Para State on Monday.

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30 May 2022 14:42

IN BRIEF: Serabi Gold annual profit up; ex-Chair Sean Harvey resigns

Serabi Gold PLC - London-based Brazil-focused gold miner - Posts increased profit in 2021 on the back of higher gold prices. Pretax profit grows to USD13.1 million from USD10.4 million in 2020. Revenue rises to USD63.1 million from USD55.8 million. Firm sold gold for an average price of USD1,776 per ounce in the year versus USD1,727 in 2020. Cash cost in 2021 rises slightly to USD1,090 per ounce from USD1,075 in 2020. Gold production for April was 2,919 ounces, "the highest monthly level so far in 2022," Serabi says. Gold production in May to be similar, it adds.

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30 May 2022 14:39

Serabi Gold maintains strong production after year of growth

(Sharecast News) - Brazil-focussed gold miner Serabi said in an update on Monday that its production in April totalled 2,919 ounces - the highest monthly level so far in 2022.

Read more
19 Apr 2022 11:06

AIM WINNERS & LOSERS: Cake Box trading strong; Sensyne falls further

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

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19 Apr 2022 11:01

Serabi Gold trims guidance after weaker quarter at Palito

(Sharecast News) - Brazil-focussed Serabi Gold reported first quarter gold production at Palito of 7,062 ounces in an update on Tuesday - a 13% reduction year-on-year - as it also trimmed its production guidance for the full year.

Read more
19 Apr 2022 10:18

Serabi Gold shares fall as low gold production to hit full year

(Alliance News) - Serabi Gold PLC shares tumbled on Tuesday, after it announced gold production has taken a hit during the first quarter, consequently lowering its full-year production guidance.

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18 Mar 2022 13:59

Serabi reports further positive progress at Palito

(Sharecast News) - Brazil-focussed developer and miner Serabi Gold updated the market on further positive development from the Palito project on Friday.

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18 Mar 2022 10:20

Serabi Gold reveals further gold mineralisation at Piaui prospect

(Alliance News) - Serabi Gold PLC on Friday said it has made further progress on its exploration of the Piaui prospect in the Palito project, Brazil, with diamond drilling continuing to define mineralisation.

Read more
11 Mar 2022 15:50

Serabi Gold upbeat on latest development at Coringa

(Sharecast News) - Brazil-focussed development and mining company Serabi Gold updated the market on its wholly-owned Coringa project in the Tapajos region of Para State on Friday, reporting that underground development had progressed further into the Serra Zone, with all three veins now intersected on at least one level.

Read more
11 Mar 2022 11:03

IN BRIEF: Serabi Gold notes high-grade gold at Coringa mine

Serabi Gold PLC- Surrey, England-based Gold mining company focused on Brazil - Records further high-grade intersection from underground development at the Coringa mine in Brazil. The V3 vein of the Serra Zone records 12.4 grams per tonne of gold over 0.9 metres on the 320 metre level. Also records 14.6 grams per tonne of gold over 0.4 metres on the 340 metre level. The V1 vein records an assay of 7.8 grams per tonne of gold over 1.3 metres.

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