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Base Resources (BSE LN) – Annual resource and reserve statement
Bluejay Mining* (JAY LN) – Extensive geophysical aerial surveys underway at Disko-Nuussuaq with Kobold Metals
Glencore cuts ties with Chinese trader over missing $500m of copper, FT reports
Sibanye-Stillwater* (SSW JSE) – US operation guidance cut following floods
Companies: BSE JAY GLEN SSW
Glencore reported exceptional H1 22 results and rewards. Trading, as expected, again turned out to be a valued differentiator amid highly volatile times. While Industrial was, to a great extent, driven by coal market excesses, ‘relative’ resilience in metals was also encouraging.
Add on top the recent settlement of regulatory investigations, the firm’s leadership has done very well since Ivan Glasenberg’s departure. Overall, Glencore remains our top sector bet, with lower downside risks vis-a-v
Companies: Glencore plc
BlueRock Diamonds* (BRD LN) – Two large diamonds sold in July tender for $121,716
Botswana Diamonds (BOD LN) – Additional kimberlite identified in recent drilling at Thorny River.
Centamin (CEY LN) – Interim results confirm 2022 production and cost guidance
Condor Gold* (CNR LN) – Metallurgical test results from La India
Galantas Gold* (GAL LN) – Further positive results from Omagh underground drill programme
Glencore (GLEN) – Profits take off as higher as rising metals and energy prices dr
Companies: GAL BRD BOD CEY CNR GLEN KRS POW
American West Metals (AW1 AU) – Step out drilling intersects new polymetallic mineralised zone 250m away from West Desert
Glencore (GLEN LN) – Glencore to pay $1.5bn penalty amid bribery charge
Ivanhoe Electric - Robert Friedland to IPO battery metal focused Ivanhoe Electric
Pensana (PRE LN) – Completion of design and engineering studies for Angolan mine and UK rare-earths processing facilities.
Phoenix Copper* (PXC LN) – Phoenix Copper bolsters its PR and IR team
Sunstone Metals (STM AU) –
Companies: GLEN PRE PXC AW1 STM
AVZ Minerals (AVZ AU) – Mining license awarded for Manono lithium and tin project
Glencore (GLEN) – $200m invested in battery recycler Li-Cycle
Lucara Diamonds (LUC CN) – Quarterly report confirms continuing diamond price recovery despite geopolitical uncertainty
PolyMet Mining (PLM US) – US EPA recommends US Army Corps not to re-issue water permit
Companies: LUC POM GLEN AVZ
2021 ended on a promising note. Besides healthy operating results – driven by both the Industrial and Trading divisions, the shareholders were also rewarded handsomely. While there were some one-off charges, the firm’s new leadership deserves credit for sustaining group-wide transformation momentum. Even though the risk of normalising prices and, hence, margins is a sector-wide concern, Glencore, by virtue of its unique proposition, is well-positioned to withstand these challenges. The firm rema
Altus Strategies* (ALS LN) – Lakanfla drilling results
Arc Minerals* (ARCM LN) – Arc agrees extension on Casa Mining transaction to allow Rackla Metals to raise >C$5m of funding on the TSX
BHP (BHP AU) – 77% recovery in underlying attributable profit to US$10.7bn and record interim dividend declared
Cornish Metals* (CUSN LN) – CLICK FOR PDF - Additional land secured at South Crofty
Empire Metals* (EEE LN) – Flash Note - Eclipse-Gindalbie exploration represents exciting new chapter for Empir
Companies: CUSN POM OMI BHP ALS ARCM EEE GLEN POW SRB SOLG
Research Tree provides access to ongoing research coverage, media content and regulatory news on Glencore plc.
We currently have 1 research reports from 8
Invinity’s proposed JV with U.S. Vanadium creates a vehicle to exploit the clear opportunities arising in the U.S. storage market from the Inflation Reduction Act of 2022. With half a million dollars of potential JV development funding from U.S. Vanadium, we see the joint venture as well set up to capture a large and growing market for long duration energy storage.
Companies: Invinity Energy Systems PLC
Last week, the UK government published the consultation paper on its Review of Electricity Market Arrangements (REMA). Any change potentially represents uncertainty in a market that has been wary of changes with a number of shares falling after early details of possible reforms were flagged in the press. We review the possible changes and conclude that while there is some risk, from what we can see at present the likely outcomes could be either minimal or beneficial for investors in clean energy
Companies: EQT IES DRX NESF PHE SAE
Companies: Crestchic PLC
Invinity has begun trading shares on the OTCQX Best Market in the USA. We see this as adding liquidity for North American investors and more generally increasing visibility for the company in key markets in North America.
Management changes including the departure of the CEO create an unwelcome distraction for Powerhouse as it increases its exposure to the Protos project SPV. This now effectively makes it a JV partner in the project. The company will start work on replacing both CEO and NEDs immediately.
Companies: Powerhouse Energy Group PLC
Dish of the day
No joiners today.
Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports
Companies: UJO FAB HAT HZM SYM TRAC
The US Inflation Reduction Act of 2022 now has a chance of passing the Senate next week as it is being voted under the Reconciliation procedure which allows bills related to the budget to pass on a simple majority rather than the 60-vote majority required to overcome a filibuster. If the act does find its way onto the statue books it will bring US$369bn in clean energy tax credits, grants and other incentives. Much is directed to protecting clean energy manufacturing in the USA, but it is a wide
Companies: IES DRX ITM VLS
We revise our estimates, primarily to incorporate the Paro acquisition, resulting in an average 3% increase in our forecasts for diluted EPS through FY25. Renewi's FY22 results demonstrated that its business and financial performance have moved to a new level, underscored by the positive 1QFY23/AGM update. While Renewi has started to re-rate, we continue to believe that the share price has yet to reflect the transformation in the company's earnings power fully, while the potential ECP bid for Bi
Companies: Renewi Plc
Rolls Royce published mixed figures. Profitability was particularly low, pushing the net result back into the red zone. However, FCF generation was a positive surprise despite the rise in inventory. It has finally found an agreement to sell ITP Aero and will use the resulting cash to repay its only floating interest rate debt.
Companies: Rolls-Royce Holdings plc
Oil posted the biggest weekly decline since early April on growing signs that a global economic slowdown is curbing demand. Prices are near the lowest level in six months.
West Texas Intermediate settled at $89 a barrel, ending the week nearly 10% lower. US gasoline consumption has dropped, stoking demand concerns, while low liquidity has added to volatility. Supplies from Libya also picked up, helping to shrink key oil futures time-spreads and ease the tightness in the market.
Companies: FO 88E CHAR DEC EME GTC TRIN WEN
Companies: Staffline Group plc
Companies: Open Orphan Plc (ORPH:LON)Renold plc (RNO:LON)
No joiners today.
Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 count
Companies: TRB NSCI NBB SMRT SPSY TMT SPE EDL EDL
Spectra, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software, has announced the execution of a further amendment to a contract with a central bank customer (previously announced on 2 February, 21 April 2021 and 15 June 2022), increasing sensor development phase revenues by an additional (and unexpected) $4m to an estimated total of $14.8m (from an original $8.8m) over an unchanged development cycle.
Companies: Spectra Systems Corporation