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An announcement from Bluejay Mining ( (GB:80M) ) is now available.
80 Mile plc has issued 10,000,000 new ordinary shares following the exercise of advisor warrants at 0.27p, representing around 0.2% of its existing share capital, and has applied for these shares to be admitted to trading on AIM, which will increase its total shares in issue to 5,006,562,696. The modest capital move slightly dilutes existing shareholders but underscores ongoing advisor engagement and provides an updated share count for transparency and regulatory reporting as the company continues to progress its major hydrocarbons, critical metals and sustainable fuels projects across Greenland and Italy.
The most recent analyst rating on (GB:80M) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Bluejay Mining stock, see the GB:80M Stock Forecast page.
Spark’s Take on GB:80M Stock
According to Spark, TipRanks’ AI Analyst, GB:80M is a Neutral.
The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), which increases funding and dilution risk despite low debt. Technicals are supportive with strong trend and positive momentum, but overbought signals temper the benefit. Valuation is difficult to assess due to negative earnings and no dividend yield data.
To see Spark’s full report on GB:80M stock, click here.
More about Bluejay Mining
80 Mile plc is an exploration and development company listed on London’s AIM market, the Frankfurt Stock Exchange and the U.S. OTC market, focused on hydrocarbons and high‑grade critical metal projects in Greenland alongside an industrial gas and biofuels business in Italy. Its diversified portfolio spans oil and gas, base and precious metals, and emerging sustainable fuels, anchored by large-scale assets such as the Jameson gas and liquids-rich basin, the Disko-Nuussuaq nickel-copper-cobalt-PGE project, and the high-grade Dundas ilmenite project, all in Greenland, where it seeks to advance development through partnerships and strategic acquisitions.
Average Trading Volume: 69,939,334
Technical Sentiment Signal: Buy
Current Market Cap: £49.17M
See more data about 80M stock on TipRanks’ Stock Analysis page.