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Pin to quick picksVast Res Share News (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.

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18 Dec 2019 14:14

Vast Resources To Get First Part Of USD15 Million Facility By 2019-End

Vast Resources To Get First Part Of USD15 Million Facility By 2019-End

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16 Dec 2019 16:22

Vast Resources announces cold commissioning of Baita Plai

(Sharecast News) - Mining company Vast Resources announced the cold commissioning of Baita Plai Polymetallic Mine on Monday.

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28 Nov 2019 16:41

Botswana Diamonds And Vast Resources Agree Terms For New Zimbabwe Deal

Botswana Diamonds And Vast Resources Agree Terms For New Zimbabwe Deal

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28 Nov 2019 16:05

Vast Resources revises agreement with Botswana Diamonds

(Sharecast News) - Romania and Zimbabwe-focussed mining company Vast Resources has revised its agreement with Botswana Diamonds as a consulting partner in the development of the Chiadzwa Community Diamond Concession in the Marange Diamond Fields of Zimbabwe, it announced on Thursday.

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11 Nov 2019 12:05

Vast Resources Appoints Chief Financial Officer Fletcher To Board

Vast Resources Appoints Chief Financial Officer Fletcher To Board

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11 Nov 2019 11:55

Paul Fletcher joining Vast Resources board as finance director

(Sharecast News) - Mining company Vast Resources announced the appointment of Paul Fletcher as its finance director on Monday, with immediate effect.

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30 Oct 2019 16:10

UK Shareholder Meetings Calendar - Next 7 Days

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22 Oct 2019 15:34

Vast Resources Down After Chiadwza Diamond Project Financing Delay

Vast Resources Down After Chiadwza Diamond Project Financing Delay

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11 Oct 2019 15:44

Vast Resources reassures shareholders over Chiadzwa progress

(Sharecast News) - Mining company Vast Resources updated the market on progress at the Chiadzwa Community Diamond Project on Friday.

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8 Aug 2019 11:10

Vast Resources Raises GBP655,000 To Fund Zimbabwe Operations

(Alliance News) - Vast Resources PLC said Thursday it has raised GBP655,000 through a placing and subscription, which will go towards strategic operational requirements in Zimbabwe.Vast at

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17 Jun 2019 09:36

Vast Resources reaches agreement over Heritage Diamond Concession

(Sharecast News) - Vast Resources updated the market on the Heritage Diamond Concession on Monday, reporting that following a number of meetings in Harare last week between its senior management, local community leaders and the parastatal Zimbabwe Consolidated Diamond Company (ZCDC), a road map to closing the agreements that would enable the firm to mine on the concession had now been established.

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30 May 2019 14:44

Vast Resources raises ?0.9m through placing

(Sharecast News) - Mining company Vast Resources has raised £0.9m before costs through a placing of 775,862,068 ordinary shares at a price of 0.116p each, it announced on Thursday.

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30 May 2019 11:27

Vast Resources Raises GBP900,000 In Placing To Progress Baita Plai (ALLISS)

LONDON (Alliance News) - Vast Resources PLC said Thursday it has raised GBP900,000 through a placing, the proceeds will go towards progressing work at the Baita Plai polymetallic mine in Romania a

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28 May 2019 15:10

Vast Resources Hires Debt Advisor To Help Structure Swiss Bank Loan

LONDON (Alliance News) - Vast Resources PLC on Tuesday said it has retained a specialist natural resources debt advisor to assess its debt capital and help with the structuring of its Swiss Bank -

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29 Apr 2019 17:40

Vast Resources Gets Draft Indicative Terms For USD10 Million Loan

LONDON (Alliance News) - Vast Resources PLC said Monday it has received a draft indicative term sheet from an unnamed Swiss bank for a loan of up to USD10 million to finance the company's in

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