Bluejay Mining* (JAY LN) – BUY, Valuation 29.4p – Bluejay agrees jv with Rio Tinto over the Enonkoski Project in Finland
Bushveld Minerals* (BMN LN) – BUY - Valuation 37.7p – Ferro-Vanadium prices jump 11.6% in the US
Edenville Energy* (EDL LN) – Funding agreement refinanced and £900k raised
Kodal Minerals* (KOD LN) – Further progress at West African gold assets
Lucara Diamonds (LUC CN) – Karowe mine yields 341 carat diamond
Serabi Gold* (SRB LN) –Q4 production results continue modest recov
Companies: LUC JAY BMN EDL KOD SRB
Looking Ahead At The Next Week
Anglo American (AAL LN) – Production across all minerals forecast to increase by 14% in 2021 | Berkeley Energia Ltd (BKY LN) – Renewal of authorisation for Salamanca uranium concentrate plant# | Bluejay Mining* (JAY LN) – Greenland government to sign Exploitation License for Dundas Ilmenite Project today | Castillo Copper (CCZ LN) – Further copper assays from latest drilling at the Big One project in Queensland | Botswana Diamonds (BOD LN) – Annual results describe exploration in Botswana, South
Companies: AAL BKY JAY CCZ BOD EDL
Altus Strategies* (ALS LN) – BUY, 132p – MD&A highlights progress at Diba among other accomplishments in Q3/20 | Arkle Resources* (ARK LN) – New gold bearing vein identified in trench at the Mine River project | Edenville Energy* (EDL LN) – Update at Rukwa Coal Project | Mkango Resources* (MKA LN) – Progress of Songwe Hill feasibility work reported in Q3 results | Rainbow Rare Earths* (RBW LN) – Rainbow raises £2.56m at 6p/s
Companies: ALS ARK EDL MKA RBW
Adriatic Metals* (ADT1 LN) – Acquisition of Tethyan Resources | Amur Minerals* (AMC LN) – First quarterly coupon received from Nathan River Resources | Caledonia Mining* (CMCL LN) – Appointment of contractor for solar power plant | Chaarat Gold* (CGH LN) – $20.5m refinancing agreed | Edenville Energy* (EDL LN) – Corporate update | Oriole Resources (ORR LN) – Raising funds for drilling in Cameroon | Rainbow Rare Earths* (RBW LN) – Update on trial mining at Gakara in Burundi | Shanta Gold (SHG LN)
Companies: ADT AMC CGH EDL ORR RBW SHG TYM VAST
Edenville Energy* (EDL LN) – Sales and Marketing Agreement signed | Hummingbird Resources (HUM LN) – Interims highlight strong earnings reflecting better gold prices | Panther Metals (PALM LN) – Geophysics highlights potential of Marrakai gold prospect | Polymetal (POLY LN) – Stronger gold price lifts H1/20 earnings; $0.40 dividend declared
Companies: EDL HUM PALM POLY
Altus Strategies* (ALS LN) BUY – 100p – General Counsel appointment | Antofagasta (ANTO LN) – Earnings dip in H1/20 on weaker copper prices, 6.2c interim dividend announced | Edenville Energy* (EDL LN) – Rukwa wash plant resumes operations | Oriole Resources (ORR LN) – Directors award themselves share options | Power Metal Resources* (POWLN) – Australian gold JV operational update | Talga Resources (TLG LN) – A$10m placement
Companies: ALS ANTO EDL ORR POW
Centamin (CEY LN) – H2 profits rise 280% as company maintains 2020 production guidance | Chaarat Gold* (CGH LN) - BUY– H1/20 production in at 27koz with FY20 guidance reiterated at 55koz, Tulkubash
funding closure on course for YE20 | Edenville Energy* (EDL LN) – Rukwa coal operations restart | Pensana Rare Earths (PRE LN) – Final drilling results from Longonjo | Serabi Gold* (SRB LN) – Extension to drawdown period for the convertible loan | Versarien (VRS LN) - Launch of graphene enhanced prot
Companies: CEY CGH EDL PRE SRB VRS
Cora Gold* (CORA LN) BUY – Target 17.2p - Another new discovery at Sanankoro | Edenville Energy* (EDL LN) – Rukwa update | Gemfields (GEM LN) – Montepuez and Kagem operations remain suspended in response to Covid19 | Phoenix Copper* (PXC LN) – First results from 2020 drilling programme at the Empire mine | Rio Tinto (RIO LN) – US$2.5bn interim dividend | Sunrise Resources Plc (SRES LN) –CS Project granted mining permit
Companies: CORA EDL GML RIO SRES
Alba Minerals (ALBA LN) – Bulk sampling at Clogau St David mine | Altus Strategies* (ALS LN) – Diba PEA delivers $81m NPV10% (after tax) | Antofagasta (ANTO LN) – 2020 Maintaining production and cost guidance despite Covid19 | Bluejay Mining (JAY LN) BUY - Target 20p – Offtake agreement for up to 70% of Dundas Ilmenite production | Edenville Energy* (EDL LN) – ILTL $1m loan agreement and Rukwa update | Jangada Mines (JAN LN) – Drilling results from Goela | Kodal Minerals* (KOD LN) – Results high
Companies: ALBA ALS ANTO JAY EDL JAN KOD
Dark Horse Resources Ltd (DHR AU) – Revised terms for Cachi | Edenville Energy* (EDL LN) – NED appointment
Companies: Edenville Energy PLC
BlueRock Diamonds* (BRD LN) | Edenville Energy* (EDL LN) | Europa Metals Limited (EUZ LN) | Hummingbird Resources (HUM LN) | Trans-Siberian Gold (TSG LN)
Companies: BRD EDL HUM TSG EUZ
Anglo Asian Mining* (AAZ LN) – BUY – Gold dore shipments to MKS Finance | Anglo American (AAL LN) - taking Corporate humanitarianism to a new level in its support | Alba Minerals (ALBA LN) – Notice of exercise from Bergen | BlueRock Diamonds* (BRD LN) – Q1 production and carats sold rise substantially by 78% and 77% | Edenville Energy* (EDL LN) – COVID-19 and operations update | Kazatomprom (KAP LI) – Production estimates revision | Pensana Metals (PM8 AU) – Pensana reports more high-grade rare
Companies: AAZ AAL ALBA BRD EDL SOLG TYM
Anglo American (AAL LN) – De Beers diamond sales hit by fallout of corona-virus | Aura Energy* (AURA LN) – Clarification of moves to restructure the board | Condor Gold* (CNR LN) – High grade pit scenario for La India | Edenville Energy (EDL LN) – Rukwa wash plant operations restart | Vast Resources* (VAST LN) – Chiadzwa Community Diamond Project update
Companies: AAL AEE CNR EDL VAST
Edenville Energy* (EDL LN) 0.6p, Mkt Cap £3.7m – Operations update | KEFI Minerals* (KEFI LN) – Hawiah Exploration Project Update | Keras Resources* (KRS LN) – Calidus gains value on higher gold price and falling Australian dollar following Keras distribution. | Phoenix Copper* (PXC LN) – Raises US$2m to advance Red Star | Rio Tinto may sell Pacific aluminium business as it cleans up its carbon act | Tri-Star Resources* (TSTR LN) – SPMP management changes
Companies: KEFI KRS RIO EDL
Research Tree provides access to ongoing research coverage, media content and regulatory news on Edenville Energy PLC.
We currently have 115 research reports from 3
Companies: Sylvania Platinum Ltd.
Phoenix copper today provides an update on its ground geophysical survey over the Red Star prospect near its Empire copper project in Idaho. The Red Star skarn mineralisation (lead and silver ± copper, zinc) is associated with magnetite; the survey just undertaken was to better understand the distribution and orientation of magnetite to find potential mineralisation and to inform the location and direction of a further drilling programme.
Companies: Phoenix Copper Ltd. (United Kingdom)
Settling in shares the majority of the remaining US11.5m of convertible loan notes from the Vanchem acquisition is a positive outcome at a critical juncture in Bushveld’s evolution. The renegotiated terms allow the group to lower its debt whilst preserving precious cash resources for its more value-adding production growth initiatives. Bushveld’s recent Q3 update indicates that both Vametco and Vanchem are well on course to achieve their respective full-year production and cost targets if the qu
Companies: Bushveld Minerals Limited
We see the UK Government’s Net Zero Strategy as being overall helpful but not especially definitive. Amongst our coverage group, Drax Group (DRX LN) and Velocys (VLS LN) benefit from the Humberside CCS cluster prioritisation and Velocys from SAF support. The amount of renewables is likely to boost the need for flexibility solutions where Drax, Gore Street (GSF LN) and SIMEC Atlantis (SAE LN) can benefit. Hydrogen companies ITM (ITM LN) and Powerhouse Energy (PHE LN) are likely to find support. T
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
Companies: Shanta Gold Limited
Oil posted the longest stretch of weekly advances since 2015 as OPEC+ producers only modestly supply the market and as US crude supplies shrink.
Crude futures rose 1.5% Friday in New York, up for a ninth straight week. President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of supply being withheld by OPEC and other foreign oil producers. Stockpiles at the biggest US storage hub are draining to levels last seen when crude pr
Companies: FO 88E DEC EME GTC TRIN UOG WEN
We are initiating coverage of VAST Resources (VAST), which has wholly-owned Baita Plai and Manaila polymetallic mines plus an interest in two exploration projects, all located in Romania. At this stage, Baita Plai is the main driver for our valuation as it is currently being ramped up to 14kt per month. As such, we expect Baita Plai’s Cu eq output to reach c 2.4ktpa in FY23F followed by 3.3ktpa in FY24F. This, coupled with Manaila’s potential re-start of an additional 3ktpa of Cu eq over the sho
Companies: Vast Resources plc
Today’s IPO of Tungsten West (TUN-LON) unlocks a valuable, long term revenue stream for Hargreaves. This comprises a £1m per annum fee (first payment next month) as well as a mining services contract once the mine recommences production. The resulting EPS upgrades are 6% and 7% in FY22 and FY23 respectively, followed by 9% in FY24 with the first partial contribution from the mining services contract. This continues Hargreaves’ impressive recent run of forecast upgrades and reinforces our convict
Companies: Hargreaves Services plc
Companies: Union Jack Oil Plc
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Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov.
Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
Companies: SYS1 ARE SO4 SNG TMG TMT OHG IDE KIBO MRL
Shanta Gold (AIM: SHG) has, this morning, announced its production and operational results for the quarter ended 30th September 2021 – see Fig 1. Operationally this was a slightly weaker than expected quarter but very promising from the corporate side with a new five-year plan announced, an 0.10cps interim dividend announced and a resource update at the West Kenya Project (WKP).
QoQ production was flat at 14,194 oz and AISC rose to $1,480/oz caused by a temporary drop in grade as well as hig
Trifast has released a good interim trading update ahead of its interim results due on 23 November. Overall trading has been in line with management expectations at “both revenue and profit levels” since the AGM update in July although this belies the strength of the Group's top line performance in our view. We remain buyers.
Companies: Trifast plc
Rio’s investors day was focused on two of the most critical mining industry thematics in today’s times, i.e. green and growth. The announced measures couldn’t have materialised at a better time, given the (recent) woes pertaining to governance and the iron ore market sell-off. Remember, considering Rio’s enviable balance sheet strength, it has the flexibility to pursue the targeted plans with rigorously and, at the same time, maintain ‘relative’ shareholder reward attractiveness. Hence, we reite
Companies: Rio Tinto plc
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
i3 Energy indicated that Q3 2021 production amounted to 13,740 boe/d (WHIe: 13,742 boe/d) and that production in September amounted to 18,985 boe/d (WHIe: 18,834 boe/d). The company indicated that it now forecasts net operating income (“NOI” = revenue minus royalties, opex, transportation and processing) to be $US 65.7m for 2021 and $US 119.1m for the next twelve months starting 1 October 2021 – in line with our assessment that i3 Energy is on the cusp of generating more than $US 100m of cash fl
Companies: i3 Energy Plc