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  • 07 Apr 20
SP Angel . Morning View

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 earth intersections at Longonjo | SolGold* (SOLG LN) – New mineral resource estimate for Alpala | Strongbow Exploration* (SBW CN) - High-grade copper and tin intersected in drilling at United Downes in Cornwall | Tertiary Minerals* (TYM LN) – Pyramid Gold Project drilling plans

Companies: AAZ AAL ALBA BRD EDL SOLG TYM

  • 24 Mar 20
SP Angel . Morning View

BlueRock Diamonds* (BRD LN) – Closure of Kareevlei mine for 21 days due to national shutdown | Bushveld Minerals* (BMN LN) – South Africa government orders underground miners and smelters to shutdown for 21 days | Oriole Resources (ORR LN) – Final Results | Rio Tinto (RIO LN) – Production curtailed at Richards Bay for 21 days | Vast Resources* (VAST LN) – Baita PLai and Chiadzwa Community Diamond update

Companies: BRD bmn ORR RIO VAST

  • 19 Feb 20
SP Angel . Morning View

Altus Strategies* (ALS LN) – La Mancha investment and share consolidation approved by shareholders | BlueRock Diamonds* (BRD LN) – Oversubscribed placing raises £1.9m enabling management to expand diamond production in South Africa | Chaarat Gold* (CGH LN) – Kapan EBITDA grows while Tulkubash construction works progress for first gold in 2021

Companies: ALS BRD CGH

  • 28 Jan 20
SP Angel . Morning View

Amur Minerals* (AMC LN) – Rock mechanics study completed | Bluejay Mining* (JAY LN) – Bluejay informed Government response on final EIA approval expected in February. Expects positive political decision for development thereafter. | BlueRock Diamonds* (BRD LN) – Achieves profitable operations during H2 2019 | Botswana Diamonds (BOD LN)* – £250,000 funding | Condor Gold* (CNR LN) – Permitting update | Ormonde Mining* (ORM LN) – Disposal of residual interest in Barruecopardo and board changes | Premier African Minerals* (PREM LN) – Operating agreement with MN Holdings | Trans-Siberian Gold (TSG LN) – Production in line with guidance despite a slowdown in Q4/19

Companies: AMC JAY BRD BOD CNR ORM PREM TSG

  • 22 Jan 20
SP Angel . Morning View

Adriatic Metals* (ADT AU) – Rupice metallurgical results | BHP (BHP LN) – Half-Year Production report | BlueRock Diamonds* (BRD LN) – Achieves profitable operations during H2 2019 | Base Resources (BSE LN) – Assays indicate likely high-grade extension to Toliara project in Madagascar | Caledonia Mining (CMCL LN) – Increased holding in the Blanket gold mine | Highland Gold (HGM LN) – 300.7koz produced in FY19 v 290-300koz guided | Jangada Mines (JAN LN) – drilling starts at vanadium property | Premier African Minerals* (PREM LN) – Power supply connected at RHA | Sunstone Metals Limited (STM AU) - Bramaderos Main assays extend strike length of mineralisation to 650m

Companies: ADT1 BHP BRD BSE CMCL HGM JAN PREM

  • 21 Jan 20
SP Angel . Morning View

Adriatic Metals* (ADT AU) – Rupice metallurgical results | BHP (BHP LN) – Half-Year Production report | BlueRock Diamonds* (BRD LN) – Achieves profitable operations during H2 2019 | Base Resources (BSE LN) – Assays indicate likely high-grade extension to Toliara project in Madagascar | Caledonia Mining (CMCL LN) – Increased holding in the Blanket gold mine | Highland Gold (HGM LN) – 300.7koz produced in FY19 v 290-300koz guided | Jangada Mines (JAN LN) – drilling starts at vanadium property | Premier African Minerals* (PREM LN) – Power supply connected at RHA | Sunstone Metals Limited (STM AU) - Bramaderos Main assays extend strike length of mineralisation to 650m

Companies: BHP BRD BSE CMCL HGM JAN PREM

  • 21 Jan 20
Small Cap Feast

Intention to float by Gemfields Group. No Capital Raise. Currently listed on JSE. (GML:JNB) at circa £122m. The Group's key producing assets, the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world), are both expected to have long mine-lives with potential for expansion. Also owns the Faberge brand. Due Valentines Day 2020.

Companies: PEN EAI SENS LPA PRM HDD BRD IGR CNC CNS

  • 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

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Bluerock Diamonds. We currently have 91 research reports from 2 professional analysts.

Open
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52 Week
47.5/141p
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# Shares
5.26m
Daily Liquidity
(0.00%)
Pension Liability
Enterprise Value
£0.77m
Market Cap
£2.97m
Latest PE (hist)
0.00
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
07Apr20 07:00 RNS Q1 Production Update & Impact of COVID-19
06Apr20 16:39 RNS Holding(s) in Company
06Apr20 07:00 RNS Holding(s) in Company
24Mar20 08:02 RNS COVID-19 Update
28Feb20 07:00 RNS Total Voting Rights
27Feb20 11:45 RNS Transfer of Convertible Loan Note
27Feb20 09:15 RNS-R February 2020 Corporate Presentation
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  • 25 Mar 20
LIBERUM: Sylvania Platinum* - Best placed miner to weather the storm

Sylvania's share price has fallen 53% since its peaked on the 21st Feb, as the global economy hit the brakes. The short term demand outlook for PGMs is miserable, with supply chains breaking down as both luxury goods and car sales sales collapse.

Companies: Sylvania Platinum
  • 06 Apr 20
Cenkos: Oil & Gas Sector -- 88 Energy, Premier Oil, United Oil & Gas, UK Oil & Gas Plc, Empyrean Energy, Apache Corporation, Total SA, Tullow Oil, Neptune Energy, Equinor ASA, Westmount Energy, FAR, Energean Oil & Gas, BP Plc, TransGlobe Energy, JKX Oil &

Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week, though optimism was tempered by concern that the curbs will not avert a glut. The OPEC+ coalition including Saudi Arabia will hold a meeting of its members by video conference on Monday, with the gathering open to even producers outside the group. While it's unclear who will attend, market watchers are predicting that stockpiles are likely to swell even if global supplies are cut by 10 million barrels a day. Investors will be closely watching the guest list of the meeting -- especially names outside the Organisation of Petroleum Exporting Countries and its allies -- after Saudi Arabia made clear it will only cut production if others, including the US, shoulder some of the burden. US West Texas Intermediate futures ended the week up 32%, while Brent crude jumped 37%. Still, prices are less than half the levels at the start of the year, with the coronavirus crisis crushing demand. One delegate from the producer group said a global cut of 10 million barrels a day is a realistic goal. Russian President Vladimir Putin told the country's top oil executives that producing countries should join together to slash output to reverse the collapse in prices, adding that worldwide curbs of a little above or below 10 million barrels a day are possible. Meanwhile, US President Donald Trump is convening an extraordinary gathering of the nation's biggest refiners and producers at the White House on Friday. They are expected to discuss possible relief efforts from the administration, including potential American output cuts. Prices:  West Texas Intermediate for May delivery rose $3.02 to settle at $28.34 a barrel Friday.  Global benchmark Brent crude for June settlement jumped 14% to $34.11 a barrel.  Gasoline futures rose 2.88 cents to 69.16 cents a gallon Friday. Getting countries from all over the world to agree would be a tough task. Even if that's successful, an output reduction of the size that's being discussed will be just a fraction of the 35 million barrels of daily demand destruction some traders now see

Companies: FOG PVR 88E DGOC EME UKOG TRIN UOG

  • 07 Apr 20
Premier Oil

Charlie-1 well result

Companies: Premier Oil
  • 02 Apr 20
Cenkos: Shearwater Group Plc -- Resilient cyber performance

Shearwater sells resilience and today's trading update shows us how resilient demand has been for its products and services. The Group has swung to EBITDA profitability and cash flow is well ahead of expectations. The macro themes of cyber security and remote working are supportive of robust demand levels going forward. We are maintaining our forecasts. Buy.

Companies: Shearwater Group
  • 06 Apr 20
Cenkos: Diversified Gas & Oil Plc -- Covid-19 Update

Despite the severe effect of Covid-19 in the United States, normal operations continue for Diversified Gas & Oil (DGO), with little or no impact as a result of the virus. DGO's low decline production, low operating costs and proactive hedging programme, mitigate the impact of the low commodity prices, locking in cash flows and protecting the dividend. With rigs, capital and companies abandoning US oil shale, production is expected to plateau in May 2020 before declining. The decline in US oil shale production will also translate into lower associated gas production. Whilst existing stockpiles may be large enough to prevent a rally in gas prices this year, it sets the stage for a tighter market in 2021 as gas production continues to fall as demand rebounds. Whilst many of its North American and London listed peers have reduced, suspended or cancelled their dividend, DGO remains committed to maintaining its dividend to its shareholders. We reiterate our BUY recommendation and our 148p/share price target.

Companies: Diversified Gas & Oil
  • 07 Apr 20
LIBERUM: SolGold* - Bigger still

SolGold have successfully converted the Alpala resource into the Measured Resource category and at the same time, added another 1.6 Mt of copper, 2.5Moz of gold and 92.2 Moz of silver. This third resource update cements the scale and the viability of the operation, as well as increasing the value of the contained metal by 19% to $95bn.

Companies: SolGold
  • 07 Apr 20
Solid Earnings Performance

Central Asia Metals (CAML LN) having previously announced strong operating performance for 2019 released strong earnings results leaving the company well placed to cope with current pricing weakness and global uncertainty. Revenue of US$171.7m was down 3%, largely due to weaker commodity prices YoY. The weaker top line led to EBITDA of US$108.6m, down 15% YoY, however, margins were broadly maintained at 60% due to CAML’s low cost base. Net finance costs were down 27% as CAML continued to deleverage ending the year with net debt of US$80.2m implying a trailing net debt/EBITDA of 0.74x. EPS from continuing operations was consequently down 6.3% YoY while capex of US$12.1m, down 24% YoY, meant that levered free cash flow of US$69.8m was down just 5% YoY.

Companies: Central Asia Metals
  • 01 Apr 20
WHI First Light: Caledonia Mining (CMCL) & Touchstar (TST)

Caledonia today announces that it has taken the prudent decision to defer its approval for the payment of the second quarterly dividend (7.5c/sh - $0.9m - 7% of declared Caledonia cash). The Blanket mine in Zimbabwe remains in operation (at a slightly reduced capacity to secure Covid-19 social distancing) and the mine site remains well-stocked with supplies, so despite the current difficulties getting supplies from South Africa production at the mine can continue for some time to come; 2-3 months in our opinion, if the supply chain from South Africa ceased altogether. Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released an update in light of COVID-19. The Board reports that it has taken swift action to re-engineer processes to adhere to government guidelines, whilst maintaining client service levels. Q1 2020 trading is reported to have been ‘broadly' in line, with revenue growth of 40% from continuing operations and outstanding orders to ship to customers in the coming months. Q1 was cash neutral, which follows on from the RNS on 5 February, of a net cash position of £849k as at 31 December 2019.

Companies: Caledonia Mining Corporation Plc Com Shs Npv Touchstar

  • 02 Apr 20
LIBERUM: ilika* - Reinstating coverage after growth placing

We are reinstating coverage with a Buy rating and price target of 50p following the recent £15m share placing to fund production scale-up for micro-batteries. Our TP reflects a DCF of the micro-battery business which has sufficient customer interest to achieve over £12m annual sales by FY23 and £25m later this decade we believe, generating EBITDA of £1.7m and £7m respectively.

Companies: Ilika
  • 07 Apr 20
Cenkos: 88 Energy Ltd -- A Mixed Bag

The Charlie-1 appraisal well has encountered movable condensate gas within the Torok formation in both the Middle Stellar and Lower Stellar targets, with the Company successfully recovering hydrocarbons to surface from both targets. The presence of movable condensate gas probably raises more questions than answers, with BP's Malguk-1 well, drilled in 1991, confirming oil in the Stellar targets. A potential explanation for this result could be facies change within the Torok, but we believe this would be highly unlikely, with Charlie-1 drilled proximal to the Malguk-1 well. Alternatively, we know that Malguk-1 ran into operational difficulties, which may have resulted in the data being compromised, raising further questions as to data validity. Whatever the reason, further analysis is required to determine if the discovery can be commercialised. We maintain our target price and valuation until the results of the Charlie-1 well are better understood.

Companies: 88 Energy
  • 02 Mar 20
THE MONTHLY March 2020

Much of the UK’s privatisation programme took place between the early 1980s and the mid-1990s: subsequent sales have been few. Undoubtedly, privatisation attracted many private investors to the market, many for the first time.

Companies: AVO AGY ARBB ARIX BUR CLIG DNL FLTA GDR NSF PCA PIN PXC PHP RE/ RECI RMDL STX SCE SIXH TRX SHED VTA

  • 06 Apr 20
PowerHouse Energy Group - Strengthening relationship with Peel Environmental

PowerHouse has signed an option for an exclusivity agreement for the UK with Peel Environmental. This potentially makes Peel the lead developer of DMG waste-to-energy projects, both on its own extensive land bank and on sites belonging to councils and waste management companies and other industrial partners across the UK. The agreement provides a mechanism for PowerHouse to monetise its IP through licensing and means PowerHouse will not need to raise finance for individual projects.

Companies: Powerhouse Energy Group
  • 30 Mar 20
Cenkos: Oil & Gas Sector --

Oil declined for a fifth straight week amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply from producers vying for market share. Futures in New York slumped 4.8% on Friday and are poised for the biggest quarterly drop on record as weak demand and an onslaught of supply roil markets. Refineries across the globe are curbing consumption as fuel use declines with people staying home. Meanwhile, major trader Trafigura Group expects as much as 1 billion barrels to be sent into storage tanks. More oil is headed into stockpiles as the Russia-Saudi war for market share that exacerbated crude's crash this month shows no sign of abating. The kingdom held firm on Friday, saying it hasn't had any contacts with Moscow about output cuts or on enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow. US crude has tumbled about 65% so far this quarter. The crash has crippled domestic producers who are forced to cut production for the first time in 35 years. The International Energy Agency this week warned that global demand was in “free fall” amid coronavirus lockdowns. Meanwhile, Iraq -- OPEC's second-biggest producer -- will allow national oil companies to boost their output and export without imposing any ceiling. Algeria has asked for an emergency OPEC board meeting to discuss the cuts. It comes as one of the world's largest supertanker owners said that ships are being filled with crude at a record pace, as land storage rapidly diminishes. Prices:  West Texas Intermediate fell $1.09 to settle at $21.51 a barrel in New York on Friday. Prices dropped 4.1% this week.  Brent crude lost $1.41 to settle at $24.93 a barrel.  Swaps markets show that physical crude is selling several dollars below benchmark prices. The signs of storage starting to fill are growing, too. Inland tanks for heating oil in Germany are now full, while Pakistan banned oil imports on Thursday because its stockpiles are now sufficiently built up. Rigzone.

Companies: FOG PVR 88E DGOC EME POS TRIN UOG

  • 02 Apr 20
Genel Energy

October 2019 Tawke and Taq Taq payments received

Companies: Genel Energy
  • 07 Apr 20
Cenkos: Falcon Oil & Gas Ltd -- Sailing Through The Seas of Uncertainty

Falcon Oil & Gas has announced it has farmed down a 7.5% interest in the Beetaloo Sub-basin to Origin Energy, with Origin increasing the gross cost cap of the Stage 2 and Stage 3 Beetaloo work programme by A$150.5m (cUS$92m) to A$263.8m (cUS$161m). As a result of the farm-down, we believe Falcon is now substantially funded for Stage 2 and Stage 3 work programme, eliminating equity and dilution risk for shareholders. Perhaps more importantly, Falcon is also fully funded through one of the greatest periods of uncertainty in the history of the oil and gas industry.

Companies: Falcon Oil & Gas