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  • 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

  • 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

  • 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

  • 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
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

  • 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
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

  • 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

  • 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

  • 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

  • 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
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

  • 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

  • 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

  • 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

  • 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

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Bluerock Diamonds. We currently have 89 research reports from 2 professional analysts.

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£0.77m
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£4.63m
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Latest News/RNS

(more news)
Date Source Announcement
18Feb20 18:29 RNS Grant of Options and Transfer of CLN
18Feb20 14:45 RNS Placing and Subscription to Raise £1.9 Million
10Feb20 07:00 RNS Director disclosure update
28Jan20 07:00 RNS Update on Kareevlei Diamond Mine
24Jan20 18:15 RNS-R Clarification: Shareholder Call
24Jan20 07:00 RNS-R Shareholder Call
21Jan20 07:00 RNS Q4 & FY 2019 Production Update
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  • 18 Feb 20
LIBERUM: Sylvania Platinum* - Dislocation from record prices

Sylvania Platinum is trading at extremely cheap levels, just 0.9x adjusted EV/EBITDA on spot. The market clearly feels nervous about the rapid rise in the underlying commodities, palladium and rhodium.

Companies: Sylvania Platinum
  • 19 Feb 20
LIBERUM: CEO Video: Jaco Prinsloo, Sylvania Platinum*

In these five short videos incoming Sylvania Platinum CEO, Jaco Prinsloo discusses his recent appointment as CEO, the challenges for everyone regarding the power situation in South Africa, dump material life spans and spot prices, the current palladium and rhodium markets and his preferred use of surplus cash. Click below to watch the videos.

Companies: Sylvania Platinum
  • 17 Feb 20
The Industrial Revelation

Japanese Q4 19 GDP sees largest fall since 2014 following recent tax hikes, US industrial production fell due to warm weather and Boeing 737 Max issues

Companies: HTG OXIG RSW RNO SCPA ZTF SOM GHH

  • 17 Feb 20
Cenkos: Oil & Gas - Providence Resources, BP, Empyrean Energy, Coro Energy, 88 Energy, Premier Oil, Kosmos Energy, Tullow Oil, Karoon Energy, Tethys Oil, FAR, SDX Energy, Serinus Energy.

Oil clinched the best weekly gain for the year on signs the worst economic impacts of the lethal viral outbreak have been accounted for, easing concern about free-falling demand for crude. Futures advanced 1.2% in New York on Friday, settling above $52 for the first time this month. Investor confidence was lifted after China reassured the international community that a huge spike in new coronavirus cases was a one-off event. The optimism outweighed Goldman Sachs Group Inc. slashing its 2020 crude-demand growth forecast almost in half and lowering its first-quarter oil-price estimate by 16%. The Organization of Petroleum Exporting Countries and its allies have signalled a desire to stabilize the oil market that has tumbled almost 15% this year as the coronavirus wreaked havoc on the world's second-largest economy and beyond. The past two weeks have been rife with uncertainty for oil markets as Riyadh's push for an early meeting in February and fresh production cuts face an impasse with Russia. OPEC and its allies were close to abandoning any plans for an emergency meeting though Saudi Arabia had not given up on the proposal outright, several delegates from the group said on Friday. The outbreak has intensified concerns about crude demand, prompting technical experts from the coalition to propose deepening the current supply cuts by 600,000 barrels a day to relieve excess inventories. Chinese independent refiners have seized on the recent slump in oil prices to bulk up on cheap cargoes in a sign that they may be positioning for an eventual rebound in demand. West Texas Intermediate crude for March delivery gained 63 cents to settle at $52.05 a barrel on the New York Mercantile Exchange. Brent for April settlement rose 1.7% to settle at $57.32 on the ICE Futures Europe exchange. The structure of the Brent futures market also flipped into a backwardation, signalling that some of the oversupply may have eased. Meanwhile, Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply. The projects will bring additional production capacity to an oil market that's already dealing with excess supply.

Companies: TPL KOS SENX PVR BP/ CORO EME PMO SDX TLW 88E

  • 20 Feb 20
Diversified Gas & Oil - Strong hedging programme supporting cash flows

Diversified Gas and Oil (DGO) has announced its Q319 and Q419 production, which averaged 91.1kboed and 96.3kboed in each quarter. DGO's Smarter Well Management programme continues to offset the company’s Legacy assets’ natural declines, delivering Q419 average production above 70kboed. DGO also presented an updated hedging book that covers c 85% of its natural gas production for 2020 at an average price of c $2.70/mmBtu. Hedging has been part of DGO’s strategy, and the company reaffirms its focus on opportunities to increase its hedging and protect future cash flows from natural gas price decreases. The company’s share buyback programme is ongoing. We update our valuation to 150.6p/share, from 157.2p/share (-4%), affected by a decrease in short-term gas price assumptions compared to our last note.

Companies: Diversified Gas & Oil
  • 19 Feb 20
Quadrise Fuels International - Pursuing opportunities in multiple sectors

Over the last two and a half years Quadrise Fuels International has reduced its dependence on individual projects by building up a global network of partner companies, which are identifying and progressing commercial opportunities involving the production and supply of MSAR. Quadrise’s H120 pre-close trading update summarises recent developments in each of the group’s key sectors: utility generation; industrial applications; marine bunker fuel; and as an alternative fuel in upstream heavy oil production operations.

Companies: Quadrise Fuels International
  • 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
  • 27 Jan 20
WHI First Light: Jersey Oil & Gas, WEY Education and Journeo

Jersey Oil & Gas (JOG) – Corporate – Acquisition and Corporate Update Market Cap £30.2m Share Price 137.5p Jersey has this morning announced that it has agreed terms to acquire the 70% of Licence P2170 held by Equinor for a contingent consideration. As a result of the acquisition, subject to normal completion conditions, Jersey will hold 88% of the licence and become operator. The licence contains the company's Verbier discovery in addition to exploration prospectivity. The contingent consideration will consist of i) $3M upon OGA sanctioning a field development plan for Verbier ii) $5M upon first oil from Verbier and iii) royalty payments (ranging from 5% to 2% in respect of 70% of the oil produced from the acquired block) on the first 35 million barrels produced from the block. Wey Education (WEY) – Corporate – Appointment highlights heavy-weight strategy Market Cap £18.2m Share Price 14.85p Friday's announcement that Dr Sara de Freitas is to be appointed to WEY's executive team as Executive Director of Education highlights the company's long-standing commitment to educational quality and fostering engagement at a time when it has already flagged that it plans to grow and develop the management team. We read the appointment of a heavy-weight educationalist such as Ms de Freitas, with significant and long-term experience, as a further reflection of the strategy of growing the core business, with the Board keen to push forward from the company's position of strength. At the time of the final results in November, the company flagged new recruitment mechanisms which had already yielded important hires, and the announcement on January 24th appears well-aligned to the company's strategy and objectives. Journeo (JNEO) – Corporate – City of Edinburgh Bus Station order Market Cap £4.6m Share Price 56p Journeo is a specialist provider of both on and off-vehicle tailored solutions to the transport community. This morning, the company has released an RNS confirming receipt of its first tranche of work under the £4.8m City of Edinburgh Council bus station contract that was announced in December 2019.

Companies: JOG JNEO WEY

  • 17 Feb 20
Rubies and Emeralds in Africa

Gemfields is a unique business offering exposure to high-value coloured gemstones and a recovering luxury goods brand. The company has been comprehensively repositioned from its previous existence as multi-commodity investor Pallinghurst, and is now re-engaging with international investors following its admission to AIM. The company’s world-class ruby and emerald mines are both in steady state operation, supported by strong markets for coloured gemstones. We see considerable upside from this point, driven by the continuing development of the mines, the potential for developing new mines, the ongoing turnaround of the Fabergé brand and, not least, the return of the business to the London market. We initiate coverage with a 42p price target.

Companies: Gemfields
  • 20 Feb 20
Diversified Gas & Oil - Strong hedging programme supporting cash flows

Diversified Gas and Oil (DGO) has announced its Q319 and Q419 production, which averaged 91.1kboed and 96.3kboed in each quarter. DGO's Smarter Well Management programme continues to offset the company’s Legacy assets’ natural declines, delivering Q419 average production above 70kboed. DGO also presented an updated hedging book that covers c 85% of its natural gas production for 2020 at an average price of c $2.70/mmBtu. Hedging has been part of DGO’s strategy, and the company reaffirms its focus on opportunities to increase its hedging and protect future cash flows from natural gas price decreases. The company’s share buyback programme is ongoing. We update our valuation to 150.6p/share, from 157.2p/share (-4%), affected by a decrease in short-term gas price assumptions compared to our last note.

Companies: Diversified Gas & Oil
  • 20 Feb 20
Weak full-year results; 2020 – a critical (transition) year

Glencore witnessed a tough 2019, with trading (yet again) being the sole support. While weakness in metal industrial was largely due to prices – which should normalise sooner or later, the issue with energy industrial (primarily coal) is more structural in nature. Although 2020 operationally may not be ‘materially’ better vs. 2019 – also due to Coronavirus uncertainties, the expected change in leadership and, hence, new strategic measures could facilitate the much-awaited stock re-rating.

Companies: Glencore
  • 21 Feb 20
Rockhopper Exploration

Model update

Companies: Rockhopper Exploration
  • 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 SRE 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

  • 06 Nov 19
LIBERUM: Ceres Power - Clean hydrogen announcement, forthcoming CMD, sector M&A

Ceres has made a strategically important RNS this morning indicating it has launched its first hydrogen fuel cell system giving customers a zero carbon option system looking forward in addition to its low carbon natural gas systems - one of two areas we hoped it would develop into. Our note today explains the merits of having a fuell cell system designed specifically to work with clean hydrogen, flags next week's CMD at the new Redhill facility and Liberum's December's conference at Liberum and highlights the reasons why the hydrogen/FC sector has been booming.

Companies: Ceres Power
  • 20 Feb 20
Cenkos: Falcon Oil & Gas Ltd -- Drilled, Cased and Completed

Falcon Oil & Gas, along with its partner Origin Energy have announced the successful completion of the Kyalla 117 N2-1H ST2 well. The 1,579m lateral section drilled within the Lower Kyalla shale, has been successfully cased and cemented, thereby de-risking the operational challenges encountered by the initial horizontal well. At 1,579m, the lateral section is above the initial 1,000m pre-drill estimate, providing the Company with sufficient lateral length to optimise both the location of the frac's and the subsequent flow rates. Results obtained to date have been encouraging, with the well encountering good reservoir continuity, conductive natural fractures and continuous gas shows. Preparatory work, including the drilling of water impact monitoring boreholes will commence in the coming month ahead of fracture stimulation and production testing.

Companies: Falcon Oil & Gas