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Small caps: Hambledon Mining, Morson, Third Quad, Zincox

Tue, 21st Sep 2010 10:51

Pre-tax losses narrowed at Hambledon Mining in the half year to June 30 as the Kazakhstan-focused gold miner ramped up production.Pre-tax losses narrowed to £179,000 from £1.1m over the same six month period the previous year, as revenues rose to £7.22m from £5.67m. Gold production from its Sekisovskoye mine in east Kazakhstan rose to 9,669 ounces from 9,413 ounces, while silver output was up to 21,339 ounces from 20,447 ounces.Profits and revenues were higher at Morson in the six months to June 30 despite the provider of contracted workers to the aerospace, defence, power and rail industries complaining of the continuation of tough economic conditions.Pre-tax profits climbed to £5.3m from £4.9m on revenues that edged up to £221.8m from £219.9m.'Whilst we expect market conditions to remain challenging into 2011, we firmly believe that the prospects for the group and its long term future growth are encouraging,' chairman Gerry Mason said.Shares in Third Quad Capital climbed even after the alternative software vendor and specialist corporate finance broker reported wider losses following a period of restructuring at the company.Losses in the six months to June 30 totalled £351,391, against a deficit of £186,162 the same period the previous year, on sales that fell to £456,925 from £482,925.Revenues soared at ZincOx in the half year to June 30 but so did losses as the zinc, miner, recycler and refiner moves towards bringing its first recycling project into production, in Korea. Pre-tax losses widened to £25.5m from £10.8m over the same period the previous year on revenues that soared to £921,000 from £345,000.Active Energy may have changed its name from Cinpart but that does not seem to have changed its fortunes much. The company remained loss making in the first half of 2010, though the scale of the losses reduced from £0.70m in the first half of last year to £0.63m this time round. Revenue shot up to £2.8m from £0.8m the year before, with the company's venture into the voltage optimisation market generating £1.69m of sales.Better things may be ahead for the company, however. "We continue to see high levels of interest in our voltage optimisation products and our pipeline of new business opportunities is encouraging," said chairman Philip Palmer. "However, the lead times for closing sales are proving longer than originally anticipated, especially when securing major orders," he added.Full year results from All Points North had the share price heading south, as the property development company saw loss before tax more than double to £0.46m from £0.22m the year before. Revenue in the year to 31 March eased to £0.70m from £0.87m a year earlier."Our net assets position was reduced to £1,133,573 (2009 £1,265,834), i.e. 15.3p per share (2009 17.1p) at the year end and this is the key performance indicator used by the company to measure its performance," said chairman Keith Chadwick. Velosi, the oil rig safety consultant, is down at three-month lows following a drop in half-year pre-tax profit to $7.4m from $7.9m a year ago. Turnover rose 6% to $94.5m.Chairman John Hogan also warned that there are "fewer higher margin specialist inspection contracts coming up for tender as the major oil and gas corporations remain cautious".Kazakhstan-focused Roxi Petroleum lost $46.8m in the six months to 30 June compared with $8.9m last time."We believe that BNG and Galaz are our core assets, which will serve Roxi shareholders well as we develop them further and maximise their potential," said CEO David Wilkes. Oesophageal Doppler monitoring equipment group Deltex bumped up sales by 13% to £2.9m during the first six months of 2010 and the loss before tax almost halved to £663,000 from £1.2m."Higher sales at better margins on a reduced cost base meant the company consumed less cash before movements in working capital and is on track to pass the cash break-even point in the second half with only modest further sales growth," claims chairman Nigel Keen.
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23 Jan 2017 10:36

ZincOx Resources teams up with Korea Zinc to start up plant in Vietnam

(ShareCast News) - ZincOx Resources, an AIM-listed company that recycles hazardous waste generated by recycling steel scrap, has entered into a joint-venture agreement with Korea Zinc company (KZC) to develop a recycling plant in Vietnam. Under the agreement, KZC will fund 100% of a Definitive Devel

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12 Jan 2017 12:30

ZincOx acquires Korea Zinc for $7.95m

(ShareCast News) - ZincOx Resources, an AIM listed company that recycles hazardous waste generated from recycling steel scrap, has announced that it has entered into a sale and purchase agreement with Korea Zinc company (KZC) with regard to the company's remaining interest in Zinc Oxide corporation,

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24 Nov 2016 12:38

ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV

(ShareCast News) - ZincOx Resources and Korea Zinc Company Ltd (KZC) have entered a Memorandum of Understanding (MoU) for the joint design and development of a recycling plant in Vietnam. The MoU foresees KZC funding 100% of a Definitive Development Study (DDS) in sufficient detail to enable the rai

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28 Sep 2016 11:20

ZincOx operating loss widens amid viability concerns

(ShareCast News) - ZincOx Resources announced its unaudited half yearly results for the six months to 30 June on Wednesday, with revenue of $0.64m more than doubling from the $0.29m in the 2015 interim period. The AIM-traded firm's operating expenses were almost three times what they were in the pri

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28 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: UK Mail Jumps On Deutsche Post Cash Offer

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28 Sep 2016 07:37

ZincOx Shares Plummet As Loss Widens And Threat Of Suspension Looms

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1 Sep 2016 09:57

WINNERS & LOSERS SUMMARY: Weak UK Recruitment Market Hits Hays Stock

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11 Jul 2016 07:43

ZincOx Hires AIM Veteran Donald McAlister As New Finance Director

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17 Jun 2016 16:33

ZincOx raises £300,000 for working capital, other opportunities

(ShareCast News) - ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise. At 16:47 BST, shares in ZincOx were up 28% to 0.8p. It is working with EETAC, a consortium of US and intern

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17 Jun 2016 11:02

LONDON MARKET MIDDAY: Threatened National Grid Left Behind By Rally

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17 Jun 2016 09:46

WINNERS & LOSERS SUMMARY: National Grid Hit By Break-Up Recommendation

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17 Jun 2016 07:38

ZincOx Resources Raises GBP300,000 In Share Placing (ALLISS)

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10 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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12 May 2016 10:08

ZincOx Shares Rise As It Begins Rebuilding Company After Tough 2015

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29 Apr 2016 11:41

ZincOx Completes Transfer Of 90% Recycling Stake To Korea Zinc

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