AIM WINNERS & LOSERS: Destiny Pharma falls on plans to go private
15th Jul 2024 10:38
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday. Read More
Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Reports higher gold production at Aprelevka gold mines in Tajikistan. Says gold production at the four Aprelevka mines for May rises to 1,059 ounces, up 32% from 805 ounces in April. It is also 14% higher than the 933 ounces of gold estimate the company expected to produce in May. The total average value according to the resource estimate is 5.58 grammes of gold per tonne and 17.25 grammes of silver per tonne. Read More
Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Following a dispute with the unions and certain members of the Baita Plai workforce in Romania, decides to enter Vast Baita Plai SA, the operator of the Baita Plai mine, into a period of voluntary reorganisation. This is to be effected by a court judged process under the insolvency act in Romania. Explains that the reorganisation gives BPSA the opportunity to dismiss, without significant cost, those employees who have been "abusing the system." Vast Resources says this is particularly in respect of taking of medical leave. Also notes certain employees were demanding a reduction in working hours of about 25% and an increase in paid holidays to almost twice that required under national regulations. Stresses the reorganisation affects in no way the ownership or running of the mine, should achieve new efficiencies in working practices, substantial cost savings, and is in the interests of the company and its shareholders as a whole. Read More
(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US. Read More
Vast Resources PLC - miner in Romania, Tajikistan and Zimbabwe - Reports that 25,388 tonnes of ore was mined in the first quarter at Baita Plai mine, up 22% from 20,728 tonnes a year prior and 5.0% higher than 24,178 tonnes in the final quarter of 2023. The mine's copper concentrate grade was 20%, versus 23% a year previously but higher than 18% in the fourth quarter of 2023. Baita Plai is located in the Apuseni Mountains, Transylvania. Further, notes "pleasing progress" at the Aprelevka mine in Tajikistan, with gold production at 933 ounces in May, up 16% from 805 ounces in April. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Clarifies that financing discussions are with an unnamed Swiss investment company.) Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Vast Resources PLC - mining company with operations in Central Asia, Eastern Europe and Africa - On Monday, noted that debt due to A&T Investments SARL, known as Alpha, is about USD5.5 million, with USD1.5 million due next week Tuesday. A further USD1.5 million will be due to be repaid 60 days from the first repayment. Vast Resources is in advanced discussions with the owner of Swiss investment company Mercuria Energy Trading SA for the provision of major restructuring finance for Vast Resources, including debt owed to Alpha. Vast owes Mercuria around USD3.9 million, with Mercuria confirming a further extension. Read More
Vast Resources PLC - Mining company with operations in Central Asia, Eastern Europe and Africa - Signs new exclusive offtake agreement with Trafigura Group Pte for copper concentrate produced at its Baita Plai mine in Transylvania. Trafigura is a Singapore-headquartered commodity trading company focused on base metals and energy commodities. The pair previously signed an offtake agreement for Vast's Takob mine in Tajikistan. The latest deal will be in place until June 2025. Vast says that copper concentrate production has been ramping up at Baita Plai, increasing 24% between the fourth quarter of 2022 and 2023, and that recent refurbishments will result in an improvement to the grade of concentrate produced at the mine. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Vast Resources PLC shares plunged on Wednesday, after it announced a general meeting to propose issuing new shares to potentially repay creditors. Read More
Vast Resources PLC - mine development company with interests in Romania, Tajikistan and Zimbabwe - Read More
(Alliance News) - Vast Resources PLC shares sank on Tuesday, after announcing a GBP1.3 million placing to cover development expenses at its Romanian mine. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Vast Resources PLC on Monday said it executed a three-year exclusive marketing agreement for distributing high-grade platinum group metals concentrates produced in the EU. Read More
(Alliance News) - Vast Resources PLC on Tuesday said it completed the necessary due diligence to acquire a company with interests in Aprelevka, which owns a number of highly prospective mining assets in Central Asia. Read More
(Alliance News) - Vast Resources PLC shares fell on Monday, after it said it has concluded legal documentation for an debt repayment extension to January 31. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More