3 Companies Rising on News for Tuesday 21st March 2023
Episode 1283, Mar 21, 2023, 09:58 AM
3 Companies Rising on News for Tuesday 21st March 2023
1. Caracal Gold #GCAT - High Grade Zone on Kilimapesa Hill
Caracal Gold announce the discovery of a new high-grade zone above the current underground workings and above the areas drilled as part of the Mineral Resource Estimate (MRE) on the Kilimapesa Hill deposit.
Highlights
· 360tpd of high-grade material with average grades from 3.31g/t to 4.74g/t being processed,
· A mining plan confirming 90 days of high-grade material has been prepared and is being actioned,
· Exploration to define the full potential of the high-grade zone underway.
The area is being accessed from the current open pit, and with exploration drilling on hold at present, a decision was made to bulk sample the area and process the material through the milling plant.
Mining commenced on the zone on the 9th March 2023 and 360tpd is being processed through the milling plant. Current recoveries are 75% and plant availability over 85%.
2. Manx Financial #MFX - Final Results
Profit before tax payable increased by £2.2 million to £5.2 million (2021: £3.0 million), a growth of over 70%.
For the second year running, Conister Bank Limited set a new lending milestone of £231.4 million (2021: £212.6 million), an increase of 8.8%.
Whilst the cost of deposits increased in the second half of the year as the Bank of England increased interest rates to dampen inflationary pressures, the Group improved its Net Interest Margin by £6.4 million to £24.4 million (2021: £18.0 million).
3. SpaceandPeople #SAL - Trading update
Trading during the second half of 2022 was strong, with total unaudited revenue for FY22 being in line with market expectations, being approximately £5.5m.
As at 31 December 2022, the Group had cash of £1.9 million (31 December 2021: £1.4 million) with £1.5 million of term loans (2021: £1.8 million) and undrawn bank facilities of £0.7 million (2021: £0.7 million). Therefore, cash headroom at 31 December 2022 was £2.6 million (2021: £2.2 million).
Trading momentum has continued in early 2023 in both the UK and Germany despite rail strikes and the Board looks forward to continued increases in revenue and profitability for the year.
The Group expects to announce its FY22 results during the week commencing 1 May 2023.
1. Caracal Gold #GCAT - High Grade Zone on Kilimapesa Hill
Caracal Gold announce the discovery of a new high-grade zone above the current underground workings and above the areas drilled as part of the Mineral Resource Estimate (MRE) on the Kilimapesa Hill deposit.
Highlights
· 360tpd of high-grade material with average grades from 3.31g/t to 4.74g/t being processed,
· A mining plan confirming 90 days of high-grade material has been prepared and is being actioned,
· Exploration to define the full potential of the high-grade zone underway.
The area is being accessed from the current open pit, and with exploration drilling on hold at present, a decision was made to bulk sample the area and process the material through the milling plant.
Mining commenced on the zone on the 9th March 2023 and 360tpd is being processed through the milling plant. Current recoveries are 75% and plant availability over 85%.
2. Manx Financial #MFX - Final Results
Profit before tax payable increased by £2.2 million to £5.2 million (2021: £3.0 million), a growth of over 70%.
For the second year running, Conister Bank Limited set a new lending milestone of £231.4 million (2021: £212.6 million), an increase of 8.8%.
Whilst the cost of deposits increased in the second half of the year as the Bank of England increased interest rates to dampen inflationary pressures, the Group improved its Net Interest Margin by £6.4 million to £24.4 million (2021: £18.0 million).
3. SpaceandPeople #SAL - Trading update
Trading during the second half of 2022 was strong, with total unaudited revenue for FY22 being in line with market expectations, being approximately £5.5m.
As at 31 December 2022, the Group had cash of £1.9 million (31 December 2021: £1.4 million) with £1.5 million of term loans (2021: £1.8 million) and undrawn bank facilities of £0.7 million (2021: £0.7 million). Therefore, cash headroom at 31 December 2022 was £2.6 million (2021: £2.2 million).
Trading momentum has continued in early 2023 in both the UK and Germany despite rail strikes and the Board looks forward to continued increases in revenue and profitability for the year.
The Group expects to announce its FY22 results during the week commencing 1 May 2023.