Spitfire Oil becomes cash shell as it gives up Salmon Gums licence
30th Aug 2019 09:41
(Sharecast News) - Spitfire Oil announced on Friday that, following a further review of the economic feasibility of the Salmon Gums lignite project, it has relinquished the retention licence over those lignite tenements.
Read moreSpitfire Oil's auditors question mineral-resource carrying value
20th Dec 2016 11:21
(ShareCast News) - Spitfire Oil Ltd's auditors say they are unable to obtain enough evidence to support the directors' assessment that the recoverable amount of the mineral resources asset is at least equal to its carrying value. At 11:11 GMT, the AIM-quoted company's shares are down 12% to 2.75p. I
Read moreSpitfire Oil facing challenge of 'Himalayan' proportion
30th Mar 2016 16:16
(ShareCast News) - Spitfire Oil was facing a challenge of mountainous proportions as it reported its interim results for the last six months of 2015 on Wednesday. The AIM-traded company recorded a loss before tax for the period of AUD 460,906, compared with AUD 183,983 in 2014. At 31 December, Spit
Read moreLondon pre-open: Flat start expected ahead of US jobs data
7th Jun 2013 07:36
After dropping to its lowest level since April 22nd, the FTSE 100 is expected to open broadly flat on Friday morning as traders tread cautiously ahead of the eagerly-anticipated US jobs report due out this afternoon. City sources predict that London's benchmark index will open more or less unchange
Read moreLondon pre-open: FTSE to extend Thursday's gains
8th Mar 2013 07:28
City sources predict the FTSE 100 will open up 36 points from yesterday's close of 6,439, tracking gains seen in the US and Asia overnight. The Dow Jones recorded yet another all-time high on Thursday, closing at 14,329. Meanwhile, in Asia markets were lifted by reports that exports from China we
Read moreSpitfire Oil secures tenure over Salmon Gums resource area
8th Mar 2013 07:06
AIM-listed mining company Spitfire Oil has secured the long-term tenure over the Salmon Gums lignite resource area in Western Australia. In the company's interim statement for the six months ended December 31st, the company reported that it together with its subsidiaries recorded a loss before tax
Read moreSmall caps round-up: Flying Brands, Sanderson, First Derivatives...
11th Mar 2010 12:17
Flowers and gifts retailer Flying Brands posted a profit before tax of £2.67m in 2009 compared to a loss of £11.91m. Like-for-like revenue in the Garden division rose 6% to £15.9m, with underlying operating profit up to £1.81m (2008: £1.31m). In the Gifts division, there was a little changed loss o
Read moreSmall cap round-up: Watermark Global, Treatt, Gemfields ...
7th Dec 2009 09:56
Shares in Watermark Global jumped after the acid mine drainage treatment company said it had signed a co-operation agreement worth R5m (£406,000) for its subsidiary Western Utilities Corporation to provide engineering work for South Africa's Industrial Development Corporation. The strong US dollar
Read moreSmall caps round-up: Tribal, Trafficmaster, Hamworthy...
16th Jul 2009 14:17
Public sector services consultant Tribal Group expects results for the full year to be in line with expectations. The group said it has taken further action to reduce operating costs and now expect to realise annualised cost savings of more than £6m. "Whilst we continue to see more challenging con
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