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  • 28 Oct 19
SP Angel . Morning View

Altus Strategies* (ALS LN) 4.1p, Mkt Cap £7m – Lakanfla and Tabakorole due diligence period extension | BlueRock Diamonds* (BRD LN) 112.5p, Mkt Cap £3.7m – Sale of 20.72ct diamond for US$ 236,000 | Botswana Diamonds (BOD LN)* 1.25p, Mkt Cap £7.8m –Marsfontein mining permit | Edenville Energy* (EDL LN) 0.04p, Mkt Cap £2m – New CEO | Solgold* (SOLG LN) 21.7p, Mkt cap £400.7m – Metallurgical test results from Alpala | Walkabout Resources* (WKT AU) A$0.30, Mkt Cap A$95m – Proposed Senior Secured US$40m Loan Note Issue to finance Lindo Jumbo graphite mine in Tanzania

Companies: ALS BRD BOD EDL SOLG

  • 28 Oct 19
Small Cap Feast

African Export-Import Bank a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering. The GDRs are expected to be admitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the LSE. DNEG Limited intends to apply for admission of its Shares to the premium listing segment of the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities. The Offer will be comprised of new Shares to be issued by the Company (to raise expected gross proceeds of £150m). Admission is expected to take place in November 2019.

Companies: BMK IXI CER AUTG SCHO BRD ING SOS SSTY SUH

  • 16 Oct 19
SP Angel . Morning View

Arkle Resources* (ARK LN) – Glencore agrees C$1m of funding for Stonepark Zinc project in Ireland | BlueRock Diamonds* (BRD LN) – Houston and Simbanegavi drive record production and new value at Kareevlei diamond mine | Cora Gold* (CORA LN) – Flash note: De-risking Sanankoro Gold Project | Orosur Mining* (OMI LN) – Q1 results | Strategic Minerals* (SML LN) – Resumption of regular sales at Cobre magnetite in the US | Tri-Star Resources* (TSTR LN) – Tri-Star reports antimony concentrate grade at 99.5% with 5% gold | Wealth Minerals (WML CN) – Uranium One MOU signed for the Atacama Lithium Project

Companies: ARK BRD CORA OMI SML TSTR WML

  • 27 Sep 19
SP Angel – Morning View

Arkle Resources* (ARK LN) 0.925p, Mkt Cap £1.2m – Interim results and project update | BlueRock Diamonds* (BRD LN) 141p, Mkt Cap £4.6m – Bluerock recovers 20.72ct diamond at kareevlei in South Africa | Edenville Energy* (EDL LN) 0.0525p, Mkt Cap £2.7m – Interim results and update | Keras Resources* (KRS LN) 0.45p, Mkt Cap £11.2m – Demerger of 724m Calidus shares, fundraising and loan conversion into stock | Premier African Minerals* (PREM LN) 0.023p, Mkt Cap £2.7m – £0.22m fund raising | Vast Resources* (VAST LN) 0.22p, Mkt Cap £21m – Vast to agree agreement between Katanga and ZCDC next week at Chiadzwa in the Marange diamond fields

Companies: ARK BRD EDL KRS PREM VAST

  • 02 Sep 19
SP Angel – Morning View

Avesoro Resources (ASO LN) – Major shareholder provides additional working capital facility | BlueRock Diamonds* (BRD LN) – Interim results | Kavango Resources (KAV LN) – Earning up to 90% in two licences in the Kalahari Copper Belt | Kodal Minerals* (KOD LN) – Bougouni ESIA submitted

Companies: ASO BRD KAV KOD

  • 19 Aug 19
SP Angel – Morning View

AfriTin Mining* (ATM LN) – First concentrate from Uis tin project and offtake agreement | Atalaya Mining (ATYM LN) – Mechanical completion of expansion to 15mtpa at Proyecto Riotinto | BlueRock Diamonds* (BRD LN) – BlueRock sells another diamond for more than US$50,000 | Cora Gold* (CORA LN) – Drilling results from Sanankoro | Mkango Resources* (MKA LN) – Songwe Hill and Thambani project updates | Rambler Metals & Mining* (RMM LN) – H1 2019 results, operational update and US$5m convertible loan | Tri-Star Resources* (TSTR LN) – Operational update

Companies: ATM ATYM BRD CORA MKA RMM TSTR

  • 19 Aug 19
Small Cap Feast


Companies: TSTR IXI ATM CORA GAN ATYM REDX BRD OKYO

  • 06 Aug 19
SP Angel – Morning View

BlueRock Diamonds* (BRD LN) – BlueRock sign five-year mining contract with Teichmann Group | Orosur Mining* (OMI LN) – Orosur shares run on Continental Gold drilling and positive gold price | Continental Gold (CNL CN) Drilling shows great gold intersections on Buriticá gold project | Serabi Gold (SRB LN) – Coringa PEA delayed to end August due to move to dry stack tailings | Solgold* (SOLG LN) – Further exploration results from northern Ecuador

Companies: BRD OMI SRB SOLG CNL

  • 02 Aug 19
SP Angel – Morning View

BlueRock Diamonds* (BRD LN) – Diamond recovery to improve on crusher upgrade and instillation of larger cone crusher | Ivanhoe Mines (IVN CN) – Exceptionally high grade intersections in drilling at the Kamoa North Bonanza Zone | Kavango Resources (KAV LN) – Check assays verify results from Ditau

Companies: BRD IVN KAV

  • 19 Jul 19
SP Angel – Morning View

BlueRock Diamonds* (BRD LN) – 12.2ct diamond sold for US$105,000 | Cora Gold* (CORA LN) – Drilling returns good grades in the sulphide mineralisation at Selin | Highland Gold (HGM LN) – Q2 production update | Solgold* (SOLG LN) – Expanding the drilling fleet to expedite the PFS

Companies: CORA HGM SOLG BRD

  • 08 Jul 19
SP Angel – Morning View

Beowulf Mining* (BEM LN) 6.6p, Mkt Cap £39m – CEO outlines plans for Kallak iron ore project in Sweden | BlueRock Diamonds* (BRD LN) 0.11p, Mkt Cap £1.8m – Q2 production report | Condor Gold (CNR LN) 19.5p, Mkt Cap £14.5m – £4.04m private placing | Firestone Diamonds (FDI LN) 1.325 pence, Mkt Cap £7.5m – 54 carat fancy yellow diamond recovered from Liqhobong | Horizonte Minerals (HZM LN) 1.95p, Mkt Cap £28.2m –Energy supply agreement for Araguaia | Premier African Minerals* (PREM LN) 0.047p, Mkt Cap £3.8m – Strategic loan to Namibian manganese projects

Companies: BEM CNR FDI HZM PREM BRD

  • 08 Jul 19
Small Cap Feast

ReAssure Group plc - The Group is a leading closed book life insurance consolidator in the United Kingdom with 4.3m policies, £68.7 billion of assets under administration on a Post-L&G Illustrative Basis. It is considering a premium listing segment of the main market. Voyager AIR The Com pany w ill focus on the acquisition, leasing and m anagement of prim arily widebody aircraft, w ith asset management services to be provided by Amedeo Limited he IPO will comprise a Placing and Offer for Subscription of Shares to raise up to approximately US$200m· Uniphar, a diversified healthcare services business w ith a workforce of over 2,000, is looking to join AIM. Raise TBC, expected mid-July 2019

Companies: OSI DXRX HDD PYC VRS IPX FDI RENX HZM BRD

  • 17 Jun 19
SP Angel – Morning View

Altus Strategies* (ALS LN) – Expiry of term sheets on Mali projects | Avesoro Resources (ASO LN) – Processing resumed at Youga | BlueRock Diamonds* (BRD LN) – BlueRock diamonds has sold its 24.98ct diamond for US$190,000 | European Metals Holdings (EMH LN) – Lithium hydroxide PFS confirmed | Hummingbird Resources (HUM LN) – Installation of Yanfolila’s second ball-mill running ahead of schedule | Vast Resources* (VAST LN) – Progress report on the Heritage Diamond concession

Companies: ALS ASO EMH HUM VAST BRD

  • 10 Jun 19
SP Angel – Morning View

AfriTin Mining* (ATM LN) – Exploration drilling results from Uis | Avesoro Resources (ASO LN) – Reduced 2019 production guidance | Aura Energy* (AURA LN) – Farm-in agreement with Nomads Mining | BlueRock Diamonds* (BRD LN) – Recovery of 25 carat diamond from Kareevlei | Bushveld Minerals* (BMN LN) BUY – Bushveld Energy develops rental product for vanadium electrolyte in VRFB batteries | Strategic Minerals* (SML LN) – Delay to receipt of funds at Cobre

Companies: ATM ASO AURA bmn SML BRD

  • 17 May 19
SP Angel – Morning View

Anglo Asian Mining* (AAZ LN) BUY – 126p – Earnings update | African Battery Metals* (ABM LN) – Kisinka copper-cobalt project field programme completed | BlueRock Diamonds* (BRD LN) – Funding raised to implement new mine plan | Pan African Resources (PAF LN) – Q3 results on track to meet guidance of 170,000oz of gold production

Companies: AAZ PAF POW BRD

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Bluerock Diamonds. We currently have 84 research reports from 2 professional analysts.

Open
108p
Range Today
108/108p
52 Week
47.5/188p
Daily Volume
0.0k
# Shares
3.26m
Daily Liquidity
(0%)
Pension Liability
Enterprise Value
£0.77m
Market Cap
£3.53m
Latest PE (hist)
0.00
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
04Dec19 09:00 RNS Holding(s) in Company
30Oct19 07:00 RNS Holding(s) in Company
28Oct19 07:00 RNS Sale of 20.72 carat diamond for USD236,000
16Oct19 08:00 RNS Q3 2019 Production Update - Record Results
27Sep19 09:30 RNS Recovery of second diamond over 20 carats
20Sep19 10:16 RNS Sale of 10.6 carat diamond for USD103,000
19Sep19 09:46 RNS Directorate Change
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  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP ESRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 09 Dec 19
Unreliable assets revoke strategic plan

The crisis management plan is on and exploration hopes are now secondary. The group is revising its production guidance sharply for the next three years and will reassess its capital allocation (including divestments). The departures of both the CEO and the Exploration director hint that the recovery might be a long one for the group.

Companies: Tullow Oil
  • 12 Dec 19
Darkest before Dawn

The investment case for Petra is based around three central pillars. Firstly, the company is only now reaching nameplate capacity on the two ambitious expansion plans at Finsch and Cullinan. This is resulting in the company becoming cashflow positive for the first time in 9+years. Secondly the lacklustre diamond market is accelerating optimization of the operations which will extend this capacity delivering further margin growth. Thirdly there is a new management and a refreshed board in place. Of course, it would be a huge help if the diamond market would improve and we note the restraint on supply being forced through by Alrosa and De Beers. We start with a price target of 12pps. Key points:

Companies: Petra Diamonds
  • 02 Sep 19
LIBERUM: Sylvania Platinum* - Results beat, Grasvally disposal but light on dividend

Sylvania has reported FY19 results (June Y/E) of $6.37/sh versus expectations of $5.95/sh due to a lighter tax expense than assumed. They have entered into a binding agreement to sell Grasvally for R115m ($7.6m at current FX), which should be settled in the next eight months.

Companies: Sylvania Platinum
  • 02 Dec 19
Hurricane Energy - Warwick West discovery

This morning Hurricane Energy announced the flow test results from its Warwick West well, which is the third and last well from the 2019 drilling campaign in the Greater Warwick Area (GWA). The well confirmed the discovery of 43° API light oil and tested at a stable flow rate of 1,300bod on natural flow with less than 0.5% of water being produced. Hurricane and Spirit Energy are evaluating the results of the 2019 drilling campaign and further technical analysis will determine both the potential for GWA to be a single accumulation and its volumetrics. Our risked valuation of Hurricane stands at 102.8p/share, with GWA tieback valued at 3.5p/share and GWA full field development at 21.6p/share. Hurricane shares are trading at 37.5p after dropping c 20% this morning. This implies the market is not attributing any value to the GWA full field, even though an oil discovery was observed.

Companies: Hurricane Energy
  • 06 Dec 19
Cenkos: Salt Lake Potash Ltd -- Placing

Salt Lake has raised A$23.5m at A$0.70 from several new Australian institutional investors and existing institutional shareholders. Taurus has also extended the Stage 1 Facility by US$15m (A$22m) to US$45m ahead of the main Project Development Facility as Salt Lake complete documentation and satisfaction of conditions precedent for the main Project Development Facility. Whether the work is progressing quicker than expected or documentation is taking longer is unknown but Salt Lake are pushing forward to meet its Q4/20 target. The next key stage will be the main Project Development Facility being finalised.

Companies: Salt Lake Potash
  • 06 Dec 19
Diversified Gas & Oil - Roadmap to Main Market

Diversified Gas and Oil (DGO) has announced the successful completion of its securitised financing arrangement with a 5% coupon and 10-year maturity. The company issued $200m in notes secured by c 22% working interest of certain upstream assets’ cash flows. DGO also announced its Q319 results delivering a 10% q-o-q increase in production to c 91kboed and hedge adjusted EBITDA of $64m. Since our previous note, the company has completed three acquisitions encompassing assets located near DGO operations and announced it is pursuing a move to the Premium segment of the Main Market of the London Stock Exchange. We update our valuation to 157.2p/share affected by a decrease in short-term gas price assumptions and lower production in H119 compared to our last note.

Companies: Diversified Gas & Oil
  • 11 Dec 19
Cenkos: Falcon Oil & Gas Ltd -- Horizontal Drilling Commences

This morning, Falcon Oil & Gas, along with its JV partner Origin Energy, announced that drilling had commenced on the horizontal section of the Kyalla 117 N2-1H appraisal well, situated in the Beetaloo Sub-Basin, Australia. The 1,000-2,000m horizontal well is being drilled in the Lower Kyalla shale at a depth of c1,800m TVD. We expect the horizontal section of the well to take between 20-25 days to drill. Following its completion, the well will be fracture stimulated and put on a 90-day extended production test, with results expected in Q2/20. We reiterate our BUY recommendation and our 41p price target.

Companies: Falcon Oil & Gas
  • 26 Nov 19
Oil prices help, but the best returns come from asset growth

This note takes a look at UK oil and gas sector equities from the supermajors down to the small cap E&Ps, the extent to which they outperform a simple bet on oil prices, and whether there are common characteristics that can allow investors to pick winners in the space. We conclude that outperformance is possible and has been achieved by numerous names in the last ten years, with the core hallmarks being asset base augmentation, either by progressing assets and/or via acquisition, and possessing the agency to achieve this. We also include profiles of the oil and gas stocks in our coverage.

Companies: BLVN GENL GEEC GKP HTG HUR IOG JOG LAM PANR PMO RKH SEN

  • 10 Dec 19
Gulf Keystone Petroleum#

Operational update and buyback

Companies: Gulf Keystone Petroleum
  • 02 Dec 19
Premier Oil

BIG-P development onstream

Companies: Premier Oil
  • 09 Dec 19
Rockhopper Exploration

Abu Sennan sale update

Companies: Rockhopper Exploration
  • 12 Dec 19
Genel Energy

KRG payment delay

Companies: Genel Energy
  • 18 Apr 19
LIBERUM: Sylvania Platinum* - More value and more options

We recently attended a company site visit which highlighted that we have considerably undervalued the tail of Sylvania’s operations. Also, now that its host Samancor has grander ambitions, Sylvania too has possible growth opportunities.

Companies: Sylvania Platinum
  • 13 Nov 19
Q3: back to square one?

Double whammy for Tullow Oil, which has revised its production forecasted for FY19 for the third time and reports that its latest discoveries in Guyana are heavy crudes with a high sulphur content. While it is too soon to declare both discoveries are not commercially viable, this is a big disappointment, which triggered a sell-off in the stock.

Companies: Tullow Oil