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Companies: SYR ORR HZM POW BMN GRL SVML
Companies: AURA TYM JLP ORR SAV SVML
Rex International is a Singapore Exchange mainboard listed company with oil exploration and production assets in Norway and Oman, which initiated cash returns in 2022.
Companies: REX INTERNATIONAL HOLDING
Companies: GLN SSW COBR RRR RBW CORA
Companies: AURA ARV WAF SOLG ADT1 EST
Companies: BSX RSG S32 BEM GLR THR EST EEE
Sylvania’s Q224 and H124 results were overshadowed by a lower PGM basket price, which resulted in a 10% reduction in revenue. With the delay in the PGM price recovery we expected, we have pared back our forecasts, particularly for platinum and rhodium. This, combined with Sylvania’s weaker-than-expected Q224 results, has resulted in a 30% reduction in our FY24 EPS estimate to 7.4p, with cuts of 23% and 14% for FY25 and FY26, respectively. Our new valuation is 118p/share, down 13% from our previo
Companies: Sylvania Platinum Ltd.
Petro Matad has announced that it has gained approval from the local authority for the required land access for its planned 2024 Heron programme, which includes bringing the existing Heron-1 well onstream, and commencing development drilling. This represents an important step forward for the company and should, in our view, now underpin the 2024 Heron work programme.
Companies: Petro Matad Limited
We note that this morning’s announcement by Aminex for a significant potential resource increase in the Ruvuma basin. We believe that the recent pullback in the share price (likely due to delays in the first gas production schedule) provide a good risk/reward opportunity, especially given the future potential in next 12-24 months, highlighted by today’s announcement.
Companies: Aminex Plc
Corcel is best known for its vast PNG nickel laterite Mambare Project which was once valued at £40 million. It has been a bit quiet over recent years as the company has gone through a substantial restructuring since the previous Chairman was removed by shareholders. The decks have now been cleared and a period of substantial growth has begun. With James Parsons now at the helm and the 12 month “legacy clean up” behind them, investors are now witnessing the creation of a highly relevant vehicle.
Companies: Corcel PLC
The rebranding of Regency Mines as Corcel Plc completes more than a year of strategic development and a major restructuring of the balance sheet and the management of the company. Corcel offers investors direct access to leading global battery metals mining assets and to a developing energy generation and storage business. Corcel therefore offers investors exposure to both the growing demand for battery metals and to the type of flexible grid solutions in which batteries will increasingly play a
Progressive Equity Research
We see Panthera Resources plc (PAT.L) as among the most interesting of the gold juniors. This reflects two factors. First, the announcement in late August that Panthera had secured US$13.6m of non-recourse financing for litigation involving India’s alleged de facto expropriation of PAT’s world class Bhukia gold project. Panthera claims that India has breached its obligations under the Australia India Bilateral Investment Treaty (ABIT). If so, Panthera would be entitled to ‘fair and equitable com
Companies: Panthera Resources Plc
• SPC Nickel Corp. (TSXV: SPC) (“SPC”, or “Company”) is a nickel explorer with a focus on projects in Ontario and Nunavut. Its main focus is on its property portfolio in the Sudbury Mining Camp, which has a history of large-scale nickel production.
• High-Grade Assay Results at West Graham: SPC completed its phase 1 and 2 drill programs at the West Graham project, totaling 14,180 meters. The drill program achieved its goal of confirming and expanding the historic West Graham mineral resource
Companies: SPC Nickel Corp.