Stock Market News
Bluejay Mining says not considering fundraise right now
AIM-listed Bluejay Mining said on Tuesday that it is not actively considering a fundraise at the moment, either through equity or debt.
Responding to recent press speculation, the group, which has projects in Greenland and Finland, said that while it is likely to need additional funding at some point in the future, it has a current cash balance of more than £15m and remains focused on the development of its Dundas Ilmenite project in Greenland.
"Ultimately it is the company's strategy to secure an offtake partner and commence commercial production at Dundas in the near term in order to create a company capable of self-funding exploration on current projects and future acquisitions," it said.
The 2018 fieldwork programme on the project is due to begin next month and run through to October.
At 1445 BST, the shares were down 2.2% to 23.24p.
Responding to recent press speculation, the group, which has projects in Greenland and Finland, said that while it is likely to need additional funding at some point in the future, it has a current cash balance of more than £15m and remains focused on the development of its Dundas Ilmenite project in Greenland.
"Ultimately it is the company's strategy to secure an offtake partner and commence commercial production at Dundas in the near term in order to create a company capable of self-funding exploration on current projects and future acquisitions," it said.
The 2018 fieldwork programme on the project is due to begin next month and run through to October.
At 1445 BST, the shares were down 2.2% to 23.24p.
Related share prices |
---|
Bluejay Mining (JAY) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price