Last 0.28 GBp
Change Today 0.00 / 0.00%
Volume 313.5K
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As of 11:30 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

evocutis plc (EVO) Snapshot

0.28 GBp
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0.28 GBp
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52 Week High
09/1/14 - 1.29 GBp
52 Week Low
08/20/14 - 0.16 GBp
Market Cap
Average Volume 10 Days
-0.0011 GBp
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evocutis plc (EVO) Details

Evocutis plc does not have significant operations. The company intends to invest in and/or acquire companies and/or projects within the natural resources sector. Previously, it engaged in the provision of skin microbiology and clinical dermatology services to companies in the pharmaceutical and consumer healthcare markets. The company was formerly known as Syntopix Group plc and changed its name to Evocutis plc in October 2011. Evocutis plc is based in London, the United Kingdom. As of March 19, 2014, Evocutis plc operates as a subsidiary of Venn Life Sciences Holding plc.

4 Employees
Last Reported Date: 01/21/15

evocutis plc (EVO) Top Compensated Officers

Interim Chief Executive Officer
Total Annual Compensation: 45.0K GBP
Chief Financial Officer and Group Finance Dir...
Total Annual Compensation: 3.0K GBP
Compensation as of Fiscal Year 2014.

evocutis plc (EVO) Key Developments

Evocutis plc Provides Update on Tungsten Mining Operations, Brazil

Evocutis Plc announced the completion of a NI 43-101 Technical Report compiled by Micon International Co Limited and an operations update for the Bodó Tungsten Mine in Brazil, which indicates that significant near and long term potential exists to expand mining operations. Evocutis is in the process of acquiring an initial 10% interest. Micon International Co Limited have completed a NI 43-101 Technical Report on the Bodó Tungsten Project, Rio Grande Do Norte, Brazil for Brazil Tungsten Holdings Limited that concluded that: High priority potential mineral resources total 112,000 tonnes grading 0.7-1.0% WO3 for between 82,900-116,400 mtu of contained WO3. Medium term targets for exploration and development have a potential resource of 239,250 tonnes grading 0.7-1.0% WO3 for between 167,000-239,000 mtu of contained WO3. The exploration potential of the Brazil Tungsten mineral licence areas is significant, and has the potential to host an exploration target in the range of two to three million tonnes. The Bodó mine is currently operating at approximately 50-60 tonnes of ore per day from the Pajeù incline Shaft on a 6 day per week operation. The last shipment of tungsten concentrate from Bodó was on the 5th January 2015 with estimated gross proceeds from this shipment of $150,000. At an APT Price of $290/mtu, this translates into a gross sale value per tonne of standard export concentrate containing 68% WO3 of approximately $15,000/tonne. The second mining area at Bodó, the Central incline Shaft, located about 400 metres from the current mining operations is currently being re-furbished and first ore is scheduled for delivery from Central Shaft to the mill in mid-February. BTHL envisages that the Central Shaft will quickly double overall Bodóproduction to about 100 tonnes per day of tungsten ore to the mill by the end of March. Unexplored exploration targets have been identified during the current work within the area of the mine workings. Development of these targets should yield tungsten resources for immediate development. The exploration potential of the Brazil Tungsten mineral licence areas is significant. The licence boundaries of Bodó and Tarantula include areas of 1.89 km2 and 99.65 km2, respectively, and have the potential to host an exploration target in the range of two to three million tonnes. This is considering that marble, calcsilicate and granitic rocks are known to exist at least 350 m down dip of the Bodó workings, combined with the undeveloped mineral potential at Tarantula. However, the current lack of geological mapping and understanding of the ore controls determines that these represent exploration targets rather than estimated resources.

Evocutis plc Announces Consolidated and Parent Earnings Results for the Year Ended July 31, 2014

Evocutis plc announced consolidated and parent earnings results for the year ended July 31, 2014. For the year, on consolidated basis, the company reported loss before taxation was £197,000 against £182,000 a year ago. Loss from continuing operations was £197,000 against £182,000 a year ago. Loss for the period attributable to equity shareholders of the parent company was £704,000 or 0.11 pence per basic and diluted share against £1,007,000 or 0.10 pence per basic and diluted share a year ago. Net cash outflow from operating activities was £572,000 against £818,000 a year ago. Purchase of property, plant and equipment was £1,000 against £4,000 a year ago. For the year, on parent basis, Net cash outflow from operating activities was £571,000 against £754,000 a year ago. Purchase of property, plant and equipment was £1,000 against £4,000 a year ago.

Evocutis plc Announces Board Changes

Evocutis plc announced on and subject to admission of new ordinary share capital to trading on AIM, Gwyn Humphreys, Darren Bamforth and Mike Townend will resign from the Board and David Lenigas and Donald Strang will be appointed to the Board. Following Admission, the New Board will consist of: David Lenigas as Executive Chairman, Donald Strang as an executive director and Tom Bannatyne as a non-executive director. David Lenigas was a director of Norse Air Limited which was placed into liquidation on December 20, 2010. Mr. Strang is a member of the Australian Institute of Chartered Accountants and has been in business over 20 years, holding senior financial and management positions in both publicly listed and private enterprises in Australia, Europe and Africa. Mr. Strang has considerable corporate and international expertise and over the past decade has focused on mining and exploration activities in the oil and gas and natural resources sectors. He is currently a director of a number of AIM listed companies including Rare Earth Minerals Plc, Polemos Plc, UK Oil & Gas Investments Plc and Doriemus Plc.


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