New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£1.85m market cap, or US$2.51m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Sep 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£733k free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.31m market cap, or US$3.11m). 공시 • Jun 20
Gem Resources plc Announces Step Down of Sam Mulligan from the Board of Directors of the Company and from the Board of the Company's Subsidiaries, Malaika Ireland Limited and Malaika Development Limited, Effective June 20, 2025 Gem Resources Plc announces that Sam Mulligan, a Director of the Company, is stepping down from the Board of Directors of the Company and from the Board of the Company's subsidiaries, Malaika Ireland Limited and Malaika Development Limited with immediate effect. Accordingly, the resolution pertaining to Mr. Mulligan's re-election will be withdrawn and not put to Shareholders at the Company's forthcoming AGM scheduled to be held on 23 June 2025. 공시 • May 27
Gem Resources Plc, Annual General Meeting, Jun 23, 2025 Gem Resources Plc, Annual General Meeting, Jun 23, 2025. Location: the offices of orrick, herrington and sutcliffe uk llp, 9th floor 107 cheapside, ec2v 6dn, london United Kingdom New Risk • May 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£509.3k market cap, or US$675.4k). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). 공시 • Apr 04
Gem Resources plc Provides Operational Update At Its Gravelotte Emerald Mine in South Africa Gem Resources Plc provided the following operational update on progress at the Company's Gravelotte Emerald Mine in South Africa. Upgraded processing plant operating consistently at up to 100 tonnes per day; Hard rock mining commenced in late January 2025 with very encouraging emerald recoveries from newly exposed ore zone; Consistent production maintained in February and March; Following the successful commissioning of its purpose-built emerald processing plant in mid-2024, GEMR completed a key upgrade in December 2024 with the installation of a double-deck vibrating washing and sizing screen. This enhancement increased plant throughput by approximately 45% and significantly improved recovery efficiency. Since then, the plant has been operating at up to 100 tonnes perday with stable performance and no material processing issues. Initial processing during 2024 focused on emerald-bearing material from historical tailings and surface dumps. A first trial sale of the material produced from the tailings and dump was originally planned for September 2024 (to establish price benchmarks and engage market interest) as part of a far larger auction conducted by Bonas Group, was postponed due to export delays to Thailand. In December 2024, preparatory works were initiated at the Cobra Pit, one of two historically mined open pits at Gravelotte. As shareholders will be aware, independent geological studies confirmed a significant resource potential at Cobra, forming part of an estimated in-situ JORC Mineral Resource of approximately 29 million carats across the project. mining to date this year validates these studies. Hard rock mining of the newly exposed ore zone at Cobra commenced in late January 2025, targeting emerald-bearing schist formations. The geological characteristics observed during extraction strongly align with historical production records, and early results have been highly encouraging in terms of the quality, colour and clarity. Despite heavy seasonal rainfall causing disruption and causing rain related delays, mining, processing and extraction throughout February and March was consistently good. Processed output from the Cobra ore zone has continued to deliver promising results, further supporting confidence in the long-term production potential of the pit and supporting the decision to move to hard-rock mining. GEMR is actively working towards its first trial sale of emeralds and expects to provide the market with further details in the near term. Mining operations at Cobra remain ongoing, and the Company continues to build on the operational momentum achieved since the start of the year. As seasonal conditions begin to improve in Western Australia, the Company is also preparing to commence further site upgrades and field activities at its Curlew Emerald Project. A detailed update on Curlew will be provided shortly. 