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Pin to quick picksVast Res Share News (VAST)

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TRADING UPDATES: Online Blockchain keeping ADVFN at "arms length"

Mon, 15th May 2023 21:10

(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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Online Blockchain PLC - London-based blockchain research and development company - Sells part of stake in ADVFN PLC for GBP256,340 in series of transactions. Since late-March, Online Blockchain has sold 1.1 million shares in the London-based operator of financial information websites for private investors. Those shares were sold for 24.3 pence each. It now holds 3.5 million ADVFN shares, a 7.7% stake. "The company no longer has significant influence over ADVFN and therefore its interest in ADVFN is treated as an arm's length investment," Online Blockchain says.

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Global Ports Holding PLC - cruise port operator - Says revenue for year ended March rises 66% to USD213.4 million from USD128.4 million. Passenger numbers soar to 9.2 million from 2.4 million. In final quarter alone, passenger numbers amount to 2.4 million, jumping from 900,000 a year earlier. Quarterly revenue surges to USD39.5 million from USD21.2 million. Adjusted earnings before interest, tax, depreciation and amortisation rise sharply annually to USD13.5 million in the final quarter, from USD2.6 million, helping the figure for the full-year skyrocket to USD72.7 million from USD7.0 million. "The scheduled launch of new cruise ships in the year ahead means the number of available berths across the global cruise fleet will reach all-time highs in 2024, and when combined with industry occupancy rates reaching pre-Covid-19 levels, the industry will be propelled to exciting new highs. Industry booking patterns have been rebuilt to market norms over the last 12 months, and all major cruise lines have reported record booking trends for 2023," company adds.

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Cizzle Biotechnology Holdings PLC - London-based diagnostics developer - Notes completion of tie-up between Conduit Pharmaceuticals and blank-cheque company Murphy expected to occur in 2023. Murphy makes a US regulatory filing, Cizzle says. Cizzle is in process of selling 5% economic interest in the commercialisation of the AZD1656 asset to Conduit. The asset treats inflammatory pulmonary and cardiovascular disease.

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Advanced Oncotherapy PLC - London-based particle therapy for cancer treatment - Receives GBP125,000 amount due under the secured convertible loan agreements entered into with investors and directors. Says now GBP6.3 million has been received from investors under the secured convertible loan note. Also says repayment date of GBP10 million loan facility with Credit Suisse AG extended to September 4. "The extension of the repayment date of the loan will allow the company to focus its financial resources on the strategic review process," company says.

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Pembridge Resources PLC - mining company with investments in British Columbia, Canada - Shares in Minto Metals Corp have been suspended from trading in Toronto. Canadian watchdog Investment Industry Regulatory Organization of Canada halts trading of shares due to "impending news".

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Vast Resources PLC - London-based mining company with projects in Romania and Zimbabwe - Says rounding up documentation for an extension to loan repayments due to Mercuria Energy Trading SA and A&T Investments Sarl. Total debt owed to is GBP7.7 million and repayment is due on Wednesday. Vast is eyeing an extension to the end of June to allow time to finalise settlement of the historic claims in Zimbabwe. "The company can confirm that Andrew Prelea, the company's chief executive officer, is currently in Zimbabwe as the company finalises the recovery of the historic parcel of 129,400 rough diamonds held in safe custody at the Reserve Bank of Zimbabwe pursuant to the High Court order in the company's favour," Vast adds.

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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Hails "high grade gold" finds during trenching work at Northern Ireland asset Mines Royal. Also says drilling programme has commenced to follow up results. "It is highly encouraging to confirm the bedrock source of the high grade gold mineralisation and to identify gold in quartz breccia over thirty five metres away in the same target area. This trenching programme has further highlighted the potential of this area, with further gold zones identified in quartz veins and fault gouge together with the high grade quartz breccia initially discovered," Chair Richard Conroy says.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. 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.

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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.

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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:

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22 Feb 2024 14:25

UK shareholder meetings calendar - next 7 days

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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.

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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%.

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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 -

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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.

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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:

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