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Companies: Thungela Resources Limited
Companies: TED SHG RECI TGA CTA
Beowulf Mining* (BEM LN) – Fennoscandian awarded €791k from Business Finland
Botswana Diamonds (BOD LN) – Drilling at Thorny River likely to resume in August
Condor Gold* (CNR LN) – Infill drilling underway at Mestiza
Greatland Gold (GGP LN) – Drilling continues to expand Havieron
Kavango Resources (KAV LN) – Drilling to commence at KSZ
Mkango Resources* (MKA LN) – Mkango amplifies its plans for a rare earths separation plant in Poland
Thungela Resources (TGA LN) – Chinese prioritisation o
Companies: BEM GGP BOD CNR KAV TGA MKA
Empire Metals* (EEE LN) – Sale of Georgian copper and gold assets for US$3.3m
GoldStone Resources* (GRL LN) – Warrant exercise provides £120k of funding to company
Kodal Minerals* (KOD LN) –– Bougouni Lithium Project moves s step closer to final approval
Lucara Diamonds (LUC CN) – Karowe mine yields third diamond larger than 300carats in size this year
Serabi Gold* (SRB LN) – Drilling results from the Sao Domingos project area west of Sao Chico
Thungela Resources Ltd (TGA LN) – Shares tumb
Companies: SRB KOD GRL TGA LUC EEE
AEX Gold (AEXG LN) – Exploration team arrive at site
Adriatic Metals* (ADT1) – Exploration permit granted & geophysics results
Cora Gold (CORA LN) – Sanankoro drilling update
Europa Metals Limited (EUZ LN) – Drilling results from Europa's Toral zinc, lead, silver project in Spain
KEFI Gold and Copper* (KEFI LN) – FY20 results
Mkango Resources* (MKA LN) – Mkango plans for a rare earths separation plant in Poland
Thungela Resources Ltd (TGA LN) – Anglo American completes demerger of Thungel
Companies: EUZ KEFI ADT1 TGA MKA CORA
Research Tree provides access to ongoing research coverage, media content and regulatory news on Thungela Resources Limited.
We currently have 55 research reports from 2
Companies: Sylvania Platinum Ltd.
Companies: Pensana Plc
• Chariot, the Neura Group, H1 Holdings and Meadows Energy have formed Etana Energy, a new electricity trading company in South Africa. Etana is one of the few companies granted an electricity trading licence in the country.
• The licence allows Etana to sell and buy electricity on the grid, opening up access to a range of high-volume off-takers including municipal, industrial and retail customers.
• Chariot, H1 Holdings and Meadows Energy hold respectively 25%, 21% and 5% of Etana and bring ex
Companies: Chariot Limited
Diversified Energy (Diversified) is focused primarily on US natural gas production. Its strategy is to acquire and operate producing energy assets, which has seen it grow rapidly and create significant shareholder value. Since its 2017 IPO, the group has grown reserves 15x, increased production over 280x, raised the dividend 11 times and grown its market value 16x to £1.1bn. Diversified is currently the 2nd largest independent energy company by production, the 4th largest by market value and the
Companies: Diversified Energy Company PLC
Companies: IOG PLC
Verbier licence extension
Companies: Jersey Oil & Gas PLC
Calima Energy (CE1 AU)C; Target price of A$0.60 per share: Market cap paid back in 2 years, even after incorporating higher differentials - Four wells out of the five well 4Q22 programme have now been drilled with two wells already in production. Gemini#10 is producing in line with the type curve (IP of 120 boe/d gross and 60 boe/d net to Calima 50% WI). Gemini #11 was put into production on 24 November while Gemini#12 will be brought
Companies: PEN TCFF ALV CE1 HHR ALV RHC RHC SOU EOG ENQ ZPHR IOG PMG NOG SDX CHAR PEN
Work programme update and Q3 2022 results
Companies: Arrow Exploration Corp.
Forecast and valuation update
Companies: Bowleven plc
As indicated with the 1HFY23 trading update, Trifast posted strong revenue gains, but underlying profitability suffered, and net debt ended the period at £40.4m (IAS 17). Given strong management action, including implementation of an operational improvement programme and the establishment of a new Executive Committee we anticipate a much improved 2HFY23. We make no material changes to our forecasts and continue to expect Trifast to report FY23 adjusted profit before tax (PBT) of £14.2m. Manageme
Companies: Trifast plc
AfriTin has released assay results of a further five holes from its 50-hole programme aimed at upgrading confidence in the lithium and tantalum resource in the V1V2 pegmatite at its flagship Uis project in Namibia. The results continue to support the previous geological model and show grades roughly in-line with the Inferred Resource for lithium (0.63% Li2O) and tantalum (85ppm Ta), with some notable higher-grade areas. Highlights include 10m @ 1.35% Li2O from 211m and 38m @ 1.00% Li2O from 107m
Companies: AfriTin Mining Ltd.
Hannam & Partners
SolGold (“SOLG”) has announced it is raising ~US$36m of new equity through the issuance of 180m new shares, including 155m to Jiangxi Copper (Hong Kong) Investment Company Limited ("Jiangxi"). Jiangxi, a Chinese state-owned enterprise and the largest copper producer in Mainland China, will have a 6.3% shareholding in SOLG upon closing of the raise, expected around 9 Dec subject to due diligence. This new cash will further bolster the balance sheet following the announcement on 7 Nov of a US$50m
Companies: SolGold Plc (SOLG:TSE)SolGold Plc (SOLG:LON)
Parkmead has reported record FY results, driven by its unhedged exposure to strong European gas prices via its low-cost onshore Dutch gas business. This exposure could be increased further via an impending two-well drilling programme that has the potential to deliver significant additional volumes rapidly. Parkmead offers more than just gas price exposure though: its UK North Sea and Renewables prospects have been greatly enhanced by strong energy prices, a favourable regulatory environment and
Companies: Parkmead Group PLC
Dish of the day
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Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
Kistos Holdings plc, intends to join AIM. The Company was incorporated to act as a new holding company for the group companies 0f Kistos plc (KIST), a holding company with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector. Anticipated Market Cap £327m. Expected 22 Dec 2022.
AT85 Global Mid-Market Infrastr
Companies: SEE JSE MKA EAH ABDP MRL TENG KIBO