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Amur Minerals* (AMC LN) 1.1p, Mkt Cap £16m – Shareholders reject the Stanmix $105m cash offer
Atlantic Lithium* (ALL LN) 51.14p, Mkt Cap £296m – Ewoyaa project set to expand as visible spodumene is observed in new drilling
Beowulf Mining* (BEM LN) 5.45p, Mkt Cap £44.5m – 2021 Results reports progress in Sweden, Kosovo and Finland CEO and highlight March 2022 award of Kallak licence
IRC Ltd (1029 HK) HK$0.2, Mkt Cap HK$1.6bn – Management and Board changes
SolGold* (SOLG LN) 31p, Mkt Cap £700m
Companies: AMC BEM SOLG ALL 1029
Avanco Resources Limited (AVB AU) – Recommended cash and scrip offer by OZ Minerals | Bushveld Minerals* (BMN) – Bushveld raise US$22.2m (£15.7m) in significantly oversubscribed equity placing as | Petropavlovsk (POG LN) – 96koz in forward gold sales agreed | Strategic Minerals* (SML LN) – High grade resource at Redmoor doubled
Companies: AVB BMN 1029 SML
IRC Ltd (1029 HK) – Restructuring of ICBC loan facility repayments | Solgold* (SOLG LN) – Hole 21 extends known mineralisation by a further 200m potentially doubling the scale of Alpala | Stratex International (STI LN) – Stratex fighting to get paid by joint venture partner in Turkey
Companies: 1029 SOLG ORR
Amur Minerals* (AMC LN) | Aston Bay Holdings (BAY CN) | Aureus Mining (AUE LN) | IRC LTD (HK1029) Petropavlovsk* (POG LN) | Karelian Diamonds (KDR LN)
Companies: AMC BAY AUE 1029
Research Tree provides access to ongoing research coverage, media content and regulatory news on IRC Limited.
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Companies: Sylvania Platinum Ltd.
West Newton update
Companies: Union Jack Oil Plc
H1 2022 Results
Companies: IOG PLC
A typically strong operational performance at Kounrad and materially higher realised zinc prices at Sasa versus the year-ago period helped CAML overcome industry-common cost inflation pressure to post a 16% increase in EBITDA and widen its margin to an impressive 63%. This in turn has given the group confidence to declare a record interim dividend of 10p, which annualised puts CAML on a compelling yield of 9%. Despite increasing metals markets volatility and the potential for further inflationar
Companies: Central Asia Metals Plc
Alternative Resource Capital
Companies: Savannah Energy Plc
West Newton CPR assessment
H1 2022 results and farm out update
Companies: Jersey Oil & Gas PLC
Central Asia Metals (CAML LN) reported record H1 results on the back of robust production and higher commodity prices. H1 2022 net revenue of US$114m was up 13% YoY, EBITDA of US$75m was up 16% YoY and the EBITDA margin increased 2pp to 63%. An FX gain of US$7m, combined with the reductions in interest payments from debt reduction and higher profits meant net income was up 72% YoY to US$53m. With capex this year weighted to H2, the company’s free cash flow metric was up 7% YoY to US$52m enabling
Chariot has announced a partnership with Total Eren to jointly develop the Nour Project, a large-scale green hydrogen project to be located in Mauritania. The consortium will benefit from the dedicated expertise of Total Eren's team, holding a wide range of experience and knowledge in solar, wind, hybrid and green hydrogen projects globally. The involvement of Total Eren adds balance sheet strength and credibility to the project, whilst strengthening the existing relationship between Total Eren
Companies: Chariot Limited
Falcon's Beetaloo JV partner, Origin Energy has announced its intention to exit all of its upstream exploration permits as part of a strategic decision to focus on cleaner energy and customer solutions. As part of this strategy, Origin has agreed to divest 100% of its interest in the Beetaloo Basin to a JV of Tamboran Resources and Bryan Sheffield for an upfront consideration of A$60m and a 5.5% royalty on future production from Origin's 77.5% working interest. At US$60m the upfront consideratio
Companies: Falcon Oil & Gas Ltd.
Challenger Energy (CEG LN): Discontinuing coverage - We are discontinuing coverage on Challenger Energy Group.
Longboat Energy (LBE LN)C; Target price of £1.50 per share: 3-5 well programme in 2023. Increased resources estimate at Kveikje – There were no surprises in the 1H22 financials. The gross contingent resources estimates at Kveikje have been increased from 28-48 mmboe to 35-60 mmboe (2C-3C) based on a new CPR following post wel
Companies: HUR CNE CNE I3E CZA CASP DEC IOG PPC SQZ TRIN RBD SAVE SLE ECHO BLOK CEG LBE PTR
H1 was a mixed half for Bushveld, the continuing strong performance of Vametco offset by unexpected challenges associated with the commissioning and subsequent ramp up of Kiln 3 at Vanchem. The latter has prompted the group to reduce full-year group production guidance (with unit cost expectations increased somewhat), though we still expect positive EBITDA for the full-year and H2 capex and debt repayment obligations look adequately covered. The year-exit production rate target of 5,000-5,400t p
Companies: Bushveld Minerals Limited
We believe that an investment in Kistos PLC (Kistos) is an opportunity to invest alongside a proven
and highly incentivised management team, into an acquisition vehicle with an established North
Sea gas production footprint of sufficient size to leverage the current commodity price cycle and
use its stock currency to drive further consolidation in the basin. We see further upside from
current levels (+110%) based on our assessment of intrinsic value.
The value creation credentials of Kistos'
Companies: Kistos PLC