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Caerus Mineral Resources PLC raises new money to accelerate Cyprus work programme

Caerus Mineral Resources PLC raises new money to accelerate Cyprus work programme
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Martyn churchouseBezant resourcesGc gold mines cyprusCaerus mineral resourcesJubilee metals groupNorth mathiatisJoint ventureJubilee metals option agreementஜூபிலி உலோகங்கள் குழுகூட்டு துணிகர

Diploma PLC surges after raising full-year expectations

Follow John on: A look at some of the major movers in London on Monday Diploma PLC (LON:DPLM) saw its shares rise by a tenth to 3,030p after it boasted of a “very strong first-half performance”. The electrical components supplier raised full-year expectations after the six months to the end of March 2021 saw underlying revenue growth of 2% from a year earlier and a rise in the profit before tax to £42.5mln from £41.6mln in the corresponding period 12 months earlier. Having deferred payment of an interim dividend last year because of COVID-19, the company recommended payment of an interim divi of 12.5p this time around.

White tankUnited kingdomLa parrillaCoted ivoireSouth australiaNorth yorkshireWestern australiaRabat saléemmour zaëmoIvory coastShaun bunnTulu kapiLouis hallJunior lakeEthiopian mines ministryBaker hughesEnergy plc

Caerus Minerals Resources PLC well advanced in drilling at North Mathiatis

Cyprus has a long history of high-grade copper mining Caerus Mineral Resources PLC (LON:CMRS) has completed 24 of a planned 39 drill holes at its North Mathiatis copper-bearing waste stockpiles in Cyprus. Full completion of the programme expected by the end of May 2021. The focus will then move to the epithermal gold oxide resources and copper sulphide target at Troulli where site preparation is ongoing. Meanwhile, further work is underway to establish a maiden NI 43-101 copper resource estimate at Mala. Caerus continues to investigate the potential of profitably exploiting the smaller, high-grade assets within its portfolio. The company is also working to prioritise prospective copper-gold projects in the context of the criteria laid down by the new joint venture with Jubilee Metals (LON:JUB).

Martyn churchouseMines department of the cyprus governmentNorth mathiatisJubilee metalsMines departmentஜூபிலி உலோகங்கள்சுரங்கங்கள் துறை

KEFI Minerals PLC not aware of any intention by Ethiopia to rescind the Tulu Kapi mining licence

Follow John on: A look at some of the major movers in London on Monday Diploma PLC (LON:DPLM) saw its shares rise by a tenth to 3,030p after it boasted of a “very strong first-half performance”. The electrical components supplier raised full-year expectations after the six months to the end of March 2021 saw underlying revenue growth of 2% from a year earlier and a rise in the profit before tax to £42.5mln from £41.6mln in the corresponding period 12 months earlier. Having deferred payment of an interim dividend last year because of COVID-19, the company recommended payment of an interim divi of 12.5p this time around.

White tankUnited kingdomLa parrillaCoted ivoireSouth australiaNorth yorkshireWestern australiaRabat saléemmour zaëmoIvory coastShaun bunnTulu kapiLouis hallJunior lakeEthiopian minest ministryBaker hughesEnergy plc

FTSE 100 sees losses lengthen; US equities set for a softer start

Follow John on: FTSE 100 ralllies, led by BT; US markets open lower Shortly after the opening bell in New York, the Dow was down 0.04% while the S&P 500 dropped 0.28% and the Nasdaq fell 0.76% FTSE 100 slides 3 points BT leads rally after CEO buys huge chunk of shares US indices drop at opening bell 10.10am: Proactive North America headlines: Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) makes new silver discovery at Ely Central area on its Virginia project in Argentina New Pacific Metals Corp (CVE:NUAG) (OTCMKTS:NUPMF) to trade on the NYSE American exchange starting May 20 FSD Pharma Inc (NASDAQ:HUGE) (CSE:HUGE) (FRA:0K9) says concerned shareholder group-backed nominees elected to board at annual meeting

United statesHong kongUnited kingdomWhite tankLa parrillaCoted ivoireBroken hillNew south walesCity ofSouth australiaWestern australiaRabat saléemmour zaëmoIvory coastMichael hewsonIndian covidSophie griffiths