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Bezant Resources $BZT has drawn a £4m unsecured loan from Yorkville-managed YA II PN instead of placing new shares, but warrants and a planned at-the-market facility mean dilution is delayed, not removed.
ALT Bezant Resources featured image
A 6% non-refundable upfront fee plus a £20,000 structuring and due diligence fee total £260,000, leaving about £3.74m before other costs. The lender also gets three-year warrants with an aggregate subscription value of £3m at 0.16p a share.
The test: whether November's first copper concentrate shipment from Hope and Gorob, Namibia, brings cash in before the first £400,000 instalment. Full article: asktraders.com/analysis/beza…
Rio Tinto ($RIO) will invest $1.9bn in the Kangwinan bauxite project in Queensland, adding 20 million tonnes of annual capacity at Weipa, with first output targeted for 2029.
ALT Rio Tinto backs $1.9bn Kangwinan bauxite project. The Rio Tinto logo on top of a striped office tower against a blue sky.
Rio Tinto $RIO will invest $1.9bn in the Kangwinan bauxite project in Queensland, replacing ageing capacity at Weipa, with first output targeted for 2029.
ALT Rio Tinto building
Shares closed at 6260p on 22 Oct, down 3.42% on the day and 24.65% below the 2 June high.
Read more: asktraders.com/analysis/rio-…
$MRNA fell 17.6% on Thursday to $202.63, as melanoma vaccine data reportedly leaked online ahead of release. Added to Keytruda, the vaccine cut recurrence or death risk by 42% against Keytruda alone.
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4/4 Results came after the US close, so played no part in the 6.4% fall to $354.18. Dividend raised 17% to $0.175; $1.001bn buybacks. Full numbers: asktraders.com/analysis/west…
Western Digital beat September-quarter forecasts and guided Q2 well above consensus. Shares rose 2.1% after hours, following a 6.4% fall in the regular session. $WDC 1/4
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mwb Research keeps its Sell rating and €100 target on Siemens Energy $ENR ahead of Q4 results on Nov. 11, expecting a strong quarter but saying the 'supercycle' valuation is too demanding. It forecasts Q4 revenue of about €13.5bn, up 30% year over year.
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