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Share Price: 0.22
Bid: 0.21
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Change: 0.005 (2.33%)
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Open: 0.215
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TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

Fri, 07th Oct 2022 21:54

(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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Vast Resources PLC - mining company focused on Romania, Tajikistan and Zimbabwe - Following the opening of the Takob mine processing project at the Takob mine in Tajikistan, signs exclusive offtake contract with Trafigura PTE Ltd, an commodity trading and logistics firm, for the sale of bulk concentrates produced at the project. The mine is to produce around 7,000 tonnes per month of ore containing no less than 1.5% to 2.0% lead, 1.2% to 1.4% zinc, and 27% fluoride.

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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Announces assay results from fourth drill hole of an eight-drill hole programme on its Clontibret gold deposit in Ireland. 33.2 metre gold zone has been interested, grading 0.8 grams per tonne of gold. Company says presence of wide gold mineralisation shows the continuity of gold mineralisation in the stockwork in the area.

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Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share at June 30 is 316.21 pence, down 9.7% from 350.05p at the same time a year prior. Total assets fall 21% to GBP1777.2 million from GBP223.8 million in the same time span. In the year ended June 30, total NAV return is negative 9.2%, compared to positive 47% the previous year. Benchmark index, the FTSE Small Cap (ex Investment Trusts) Index, returns negative 15% in the year. Proposes final dividend of 2.00p, up from 1.60p the previous year.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Granted two additional mineral prospecting licences in Northern Ireland. Licences for the exploration of the presence of nickel-copper-platinum mineralisation. They are valid for a period of six years and are adjacent to the company's existing KDR-1 licence.

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Carnival PLC - Miami, Flordia-based cruise line - Notes that the approval of Executive Compensation and the Directors' Remuneration Report passed with the support of 64% shareholders.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2022 12:40

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

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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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3 May 2022 11:40

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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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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7 Feb 2022 15:54

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

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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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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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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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IN BRIEF: Vast Resources narrows annual loss; raises cash

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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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