20 Oct 2014 06:57
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Don't have an account? Click here to register.Small caps round-up: Firestone Diamonds, UBC Media
Wed, 15th Dec 2010 14:48
Firestone Diamonds' first diamond tender at its new sales office in Gaborone, Botswana, sold 14,673 carats for gross proceeds of about $1.6m, with the first sale of diamonds from the main pipe at Liqhobong making $98/carat "We are very pleased that the prices achieved for both Liqhobong and BK11 production were higher than expected, and we believe that further price increases will be achieved for production from both of these mines in 2011," chief executive Philip Kenny says. He expects prices to top $100/carat in 2011Multimedia content and services group UBC Media has signed a contract with TIML Radio (trading as Absolute Radio) for the sub-lease of its spectrum on 7 Digital Radio multiplexes in the North of England operated by Bauer Radio.Absolute will pay an undisclosed fee for access to the spectrum over the next two years which it will use to broadcast the service "Absolute Classic Rock".Xcite Energy, the developer of heavy oil assets in the North Sea, says that the 9/3b-6oz horizontal well section on its Bentley field has not yet commenced the test phase due to an "operation issue with the export hose." The well test is expected to commence once operational and weather conditions allow. Shares fell 12% on the news Wednesday.Gold miner Angel Mining says it has begun introducing ore into the process plant at the Nalunaq mine in Greenland, which it expects to produce 65oz gold per day/25,000oz annually when target production is reached. At target production and with an average gold price of $1,300/oz, the group expects the mine to produce annualised revenue and free cash of around $32.5m and $18.5m, respectively.Shares in IT services group Nexus Management jumped a staggering 65% Wednesday afternoon after reporting that its wholly owned network security subsidiary Resilience Technology has signed a significant multi-year contract with an unnamed UK blue chip company.The contract will provide 150 hardware unit sales over a three year period and will be worth $1m over the term. Chief executive of Nexus Roger Richardson says that the future earnings potential of Resilience is expected "to have a significant impact on our bottom line."Publishing software and solutions group Publishing Technology says its results for the year ending 31 December will be below market expectations, due to the deferment of technology investment decisions into 2011. The company says that the latter months of 2010 have produced lower-than-expected revenues.
More News
9 Jul 2014 15:58
Xcite Energy CFO more than doubles stake to 38,000 shares
In a day of few significant deals, the Chief Financial Officer of oil focused Xcite Energy has significantly increased his stake in the group with the purchase of 38,000 shares. Andrew Fairclough, who took up his role in February, now holds 53,000 shares following the 67p-a-share transaction. A
Read more4 Jul 2014 12:11
Xcite Energy secures platform construction deal for Bentley Field
Xcite Energy has moved a step forward in its plans to develop the Bentley Field in the North Sea with a construction deal now confirmed. The AIM-listed group's wholly-owned subsidiary, Xcite Energy Resources (XER), has entered into Memorandum of Understanding (MoU) with Aibel AS. Aibel, which is e
Read more4 Jul 2014 07:21
16 Jun 2014 08:03
Xcite Energy Raises USD140 Million From Share And Bond Issue
LONDON (Alliance News) - Xcite Energy Ltd Monday said it has raised USD140 million through the placing of senior secured bonds and the issuance of new shares. The oil appraisal and development company said it will use the money raised to refinance USD80 million of 12.5% unsecured loan notes
Read more20 May 2014 12:37
Xcite Reports Narrower First-Quarter Loss On Currency Gains
LONDON (Alliance News) - Xcite Energy Ltd Tuesday reported a narrower first-quarter net loss, helped by foreign-exchange gains on the weakening of the US dollar. In a statement, Xcite said it made a GBP41,164 net loss in the three months ended March 31, compared with a GBP1.7 million net lo
Read more8 May 2014 10:38
Xcite Energy Appoints Non-Executive Chairman
LONDON (Alliance News) - Xcite Energy PLC said Thursday it has appointed Timothy Jones as non-executive Chairman. Effective May 7, Jones takes on the role from Roger Ramshaw who has retired as Chairman and from the board for personal reasons, with immediate effect. Henry Wilson has al
Read more8 May 2014 07:29
UK MORNING BRIEFING: UK Shares Open Higher, Led By BT And Barclays
LONDON (Alliance News) - UK shares have opened mostly higher Thursday ahead of interest-rate decisions by the Bank of England and European Central Bank and amid tentative signs of reduced tensions in Ukraine.
BT and Barclays lead the FTSE 100 at the
7 May 2014 07:09
Wednesday tips round-up: Xcite Energy, Countrywide
Large reserve estimates are great, but there is quite a gap between that and actually getting the black stuff out of the ground. Even so, independent North Sea oil explorer Xcite Energy yesterday took one step closer to that goal. The company announced that it will share field-specific information w
Read more6 May 2014 12:08
Xcite Energy teams up with Statoil and Shell in North Sea
Oil explorer Xcite Energy has done a deal to work with Royal Dutch Shell and Norway's Statoil on North Sea oil fields. Xcite's 100% owned subsidiary, Xcite Energy Resources, has agreed to share technical and operational information with Shell and Statoil to allow co-operation between the trio on th
Read more6 May 2014 11:22
UK MIDDAY BRIEFING: AstraZeneca Asks For Investor Patience
LONDON (Alliance News) - AstraZeneca Tuesday set out its defence against a GBP63 billion takeover offer from US rival Pfizer Inc, urging its investors to be patient because it is set to grow quickly after it invests in its pipeline and transforms the company over the next few
Read more