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Pin to quick picksVast Res Share News (VAST)

Share Price Information for Vast Res (VAST)

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TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

Mon, 26th Sep 2022 20:22

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

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Fuller, Smith & Turner PLC - London-based pub and hotel company - Plans to repurchase up to 1 million of A shares for a maximum price of 5% per share over the average middle market price. The shares are of 40 pence each. Says the purchases will be made on its behalf. The purpose of the programme is to increase the number of shares held in treasury and to meet future obligations arising from its long-term incentive plan, as well as share-based reward plans.

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Serabi Gold PLC - Brazil-focused gold miner - Intersects Zonta vein, which lies around 100 metres further west of the Senna vein at its Palito mine in the Tapajos region of Para State, Brazil. Identifies high grade intercepts with the recent underground drilling.

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Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Raises gross proceeds of GBP656,000 through a placing of 164.0 million shares at 0.40 pence per share. The placing was undertaken by its joint broker Axis Capital Markets Ltd. Says the net proceeds will support its operations over the coming weeks. This is the consequence of a delay in exporting its latest concentrate shipment, due to shipping availability as well as the start of the underground production ramp up occurring later in the third quarter of 2022. Expects the next concentrate sale from its Baita Plai project in the first half of 2022.

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AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Pretax profit rises to USD11.6 million from USD9.3 million a year before. Revenue grows to USD32.1 million from USD23.0 million. Sells 17,542 ounces of gold in the period up from 12,560. Expects to process up to 650,000 tonnes for ore in 2022.

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Walls & Futures REIT PLC - London-based designer and developer of specialist social housing - Pretax profit in the year to March 31 narrows to GBP122,279 from GBP214,169 the year before. Revenue falls 37% to GBP93,455 from GBP148,420. Intends to use assets as collateral for loans to finance future Pax Homes developments.

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India Capital Growth Fund Ltd - investment fund - Net asset value per share as at June 30 115.00 pence, down 15% from 134.74p as at December 31. Underperforms its benchmark index, the BSE Midcap Total Return Index, which fell by 8.5%. Share price as at June 30 falls 20% to 96.00p from 119.75p as at December 31. Says Indian equity markets where underperforming. Adds exporters and global facing companies were particularly hard hit.

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Martin Currie Global Portfolio Trust PLC - Edinburgh-based investor in sustainable listed growth companies - Records a total net asset value per share return of negative 8.8% in the six months to July 30, underperforming its benchmark, the MSCI All Country World index, which returned negative 1.0%. Attributes declines to geopolitical events, high inflation and rising interest rates that led to a sell-off in equity markets. Records revenue per share of 1.39p, up from 1.00p. Maintains its interim dividend at 1.80p. Warns of uncertain outlook, "with inflation reaching levels not seen for a generation."

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Rambler Metals & Mining PLC - Surrey, England-based copper and gold producer - Pretax loss in the first half of 2022 widens to USD9.6 million from USD4.8 million a year before. Administrative expense rise 27% to USD3.3 million from USD2.6 million. Revenue rises 90% to USD25.4 million from USD13.4 million. "This is a direct effect of the ramp up in operational activity as production volumes increased by 130% over H1 2021," the company says.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 14:19

IN BRIEF: Vast Resources in advanced talks for restructuring finance

Vast Resources PLC - mining company with operations in Central Asia, Eastern Europe and Africa - On Monday, noted that debt due to A&T Investments SARL, known as Alpha, is about USD5.5 million, with USD1.5 million due next week Tuesday. A further USD1.5 million will be due to be repaid 60 days from the first repayment. Vast Resources is in advanced discussions with the owner of Swiss investment company Mercuria Energy Trading SA for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast owes Mercuria around USD3.9 million, with Mercuria confirming a further extension.

Read more
13 Mar 2024 14:23

IN BRIEF: Vast inks offtake deal with Trafigura for Baita Plai copper

Vast Resources PLC - Mining company with operations in Central Asia, Eastern Europe and Africa - Signs new exclusive offtake agreement with Trafigura Group Pte for copper concentrate produced at its Baita Plai mine in Transylvania. Trafigura is a Singapore-headquartered commodity trading company focused on base metals and energy commodities. The pair previously signed an offtake agreement for Vast's Takob mine in Tajikistan. The latest deal will be in place until June 2025. Vast says that copper concentrate production has been ramping up at Baita Plai, increasing 24% between the fourth quarter of 2022 and 2023, and that recent refurbishments will result in an improvement to the grade of concentrate produced at the mine.

Read more
13 Mar 2024 14:17

Vast Resources inks new offtake deal with Trafigura

(Sharecast News) - Vast Resources announced a new exclusive offtake agreement with Trafigura Group on Wednesday, for all copper concentrate produced at the Baita Plai Polymetallic Mine in Romania.

Read more
29 Feb 2024 18:52

EARNINGS AND TRADING: Frontier IP sells last of Exscientia holding

(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 Feb 2024 14:25

UK shareholder meetings calendar - next 7 days

Friday 23 February 
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Oncimmune Holdings PLCAGM
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Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
Wednesday 28 February 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
Beacon Rise Holdings PLCEGM re continued pursuit of an acquisition
Downing Strategic Micro-Cap Investment Trust PLCGM re managed wind-down
Image Scan Holdings PLCAGM
PPHE Hotel Group LtdEGM re waiver of mandatory offer provisions
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Home REIT PLCAGM
IntegraFin Holdings PLCAGM
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Vast Resources PLCGM re capital reorganisation
Watkin Jones PLCAGM
Zytronic PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
14 Feb 2024 11:56

Vast Resources hopes to repay debts with USD9 million share placing

(Alliance News) - Vast Resources PLC shares plunged on Wednesday, after it announced a general meeting to propose issuing new shares to potentially repay creditors.

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7 Feb 2024 13:08

Vast Resources reports slight fall in Baita Plai production

(Sharecast News) - Mining company Vast Resources released its fourth quarter production figures for the Baita Plai polymetallic mine in Romania on Wednesday, extracting 24,178 tonnes of material in the period, yielding 562 dry metric tonnes (DMT) of concentrate with a copper concentrate grade of 18%.

Read more
7 Feb 2024 11:22

IN BRIEF: Vast Resources quarterly copper concentrate grade falls

Vast Resources PLC - mine development company with interests in Romania, Tajikistan and Zimbabwe -

Read more
23 Jan 2024 14:13

Vast Resources shares fall after GBP1.3 million Baita Plai fundraise

(Alliance News) - Vast Resources PLC shares sank on Tuesday, after announcing a GBP1.3 million placing to cover development expenses at its Romanian mine.

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23 Jan 2024 10:36

AIM WINNERS & LOSERS: Brave Bison to beat market view in 2023

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

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22 Jan 2024 13:46

Vast inks PGM marketing deal with Swiss investment firm

(Sharecast News) - Mining company Vast Resources announced a three-year marketing agreement with a Swiss investment firm on Monday, for the exclusive distribution of high-grade platinum group metal (PGM) concentrates produced within the EU.

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22 Jan 2024 11:32

Vast Resources signs marketing deal with sales value of USD100 million

(Alliance News) - Vast Resources PLC on Monday said it executed a three-year exclusive marketing agreement for distributing high-grade platinum group metals concentrates produced in the EU.

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16 Jan 2024 12:36

Vast Resources shares rise as Bay Square completes Aprelevka takeover

(Alliance News) - Vast Resources PLC on Tuesday said it completed the necessary due diligence to acquire a company with interests in Aprelevka, which owns a number of highly prospective mining assets in Central Asia.

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15 Jan 2024 14:05

Vast Resources extends debt repayment date to January 31

(Alliance News) - Vast Resources PLC shares fell on Monday, after it said it has concluded legal documentation for an debt repayment extension to January 31.

Read more
8 Dec 2023 12:52

TRADING UPDATES: Marula says Blesberg equipment arrives early

(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

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