Bullet dodged12 Jul 2023 13:03
Good news - well sort of. At least BZT is no longer connected to this lot.
Caerus Mineral Resources PLC on Wednesday said its loss widened in 2022, citing a "tumultuous year".
The Cyprus-focused copper miner said its pretax loss widened in 2022 to GBP5.5 million from, GBP987,970 in 2021. This was largely attributed to an impairment of intangible assets of GBP3.1 million, up from GBP118,690 in 2021.
The company did not generate any revenue in 2022 unchanged from 2021.
Caerus also noted several headwinds related to its joint venture agreement with copper-gold project developer Bezant Resources PLC, which was cancelled back in October. The companies cited an inability to "agree on a way forward".