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Share Price: 0.23
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Change: 0.01 (4.55%)
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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.

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16 May 2022 12:40

Vast Resources shares surge as it repays outstanding debt to Atlas

(Alliance News) Vast Resources PLC on Monday said it repaid all its outstanding bond debt to Atlas Special Opportunities LLC.

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13 May 2022 11:15

IN BRIEF: Vast Resources issues 150 million shares for bond conversion

Vast Resources PLC - London-based miner with projects in Romania and Zimbabwe - Issues 151.3 million new ordinary shares at 0.27 pence each, compared to Thursday closing price of 1.37p. Vast now has 760.5 million shares in issue, so the issuance represents 20% of the enlarged total. The share issuance is in response to London-based Atlas Special Opportunities LLC choosing to convert bonds of USD500,000 nominal value. On May 3, Atlas had given Vast a non legally binding verbal assurance that it would do no more conversions.

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Vast Resources soars on jump in quarterly revenue and higher output

(Alliance News) - Vast Resources PLC's shares surged on Tuesday after the firm reported that revenue more than tripled in its first quarter on a contribution from Tajikistan and higher production.

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AIM WINNERS & LOSERS: Hutchmed sinks on US FDA drug rejection

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Vast raises £0.42m to increase mining volumes at Baita Plai

(Sharecast News) - Vast Resources announced the raising of £0.42m on Tuesday, to support its planned increase in mining volumes at the Baita Plai Polymetallic Mine.

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TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

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

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7 Feb 2022 15:54

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

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TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

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Vast Resources pulls out of Ghaghoo venture with Botswana Diamonds

(Sharecast News) - Mining company Vast Resources pulled out of its joint venture acquisition of Gem Diamonds Botswana (GDB) on Tuesday.

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7 Dec 2021 12:05

Vast Resources appoints Andrew Hall to board as commercial director

(Sharecast News) - Vast Resources announced the formal appointment of Andrew Hall to the board as commercial director on Tuesday, with immediate effect.

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10 Nov 2021 12:00

Vast completes latest sale of concentrate from Baita Plai

(Sharecast News) - Mining company Vast Resources updated the market on its producing Baita Plai polymetallic mine in Romania on Wednesday.

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29 Oct 2021 21:48

IN BRIEF: Vast Resources narrows annual loss; raises cash

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28 Oct 2021 11:50

Vast Resources raises £1.35m to cover working capital shortfall

(Sharecast News) - Mining company Vast Resources has raised gross proceeds £1.35m gross through a placing, it announced on Thursday, to cover a shortfall in working capital.

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AIM WINNERS & LOSERS: Vast Resources falls after discounted placing

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TRADING UPDATES: Ridgecrest ends Blue Air deal; Vast's Baita Plai hit

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