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  • 04 Dec 19
SP Angel . Morning View

Centamin (CEY LN) – Expands on reasons to reject the Endeavour Mining offer | Bluejay Mining* (JAY LN) – Rio Tinto shuts Richard’s Bay as violence escalates | Firestone Diamonds (FDI LN) – Restoration of grid power at Liqhobong | Premier African Minerals* (PREM LN) – MNH investment | Rio Tinto (RIO LN) – Richards Bay suspension and investment at Kennecott | Sunrise Resources Plc (SRES LN) – CS Project permitting delay

Companies: CEY JAY FDI PREM RIO SRES

  • 01 Nov 19
SP Angel . Morning View

Arc Minerals* (ARCM LN) STRONG BUY – First commercial sale and shipment of copper concentrate from Kalaba mine in Zambia | Bushveld Minerals* (BMN LN) – Support for RedT – Avalon reverse takeover to gain strategic interest in growing VRFB maunfacturer | Firestone Diamonds (FDI LN) – Resumption of production at Liqhobong

Companies: ARCM bmn FDI

  • 23 Oct 19
SP Angel - Morning View

Bushveld Minerals* (BMN LN) BUY – Valuation 80p – Renegotiation of Vanchem acquisition cuts $14.5m off purchase price and defers $23.5m through issuance of convertible loan notes | Centamin (CEY LN) – Q3 Production and exploration update | Firestone Diamonds (FDI LN) –Q1 production, operational and market update | KEFI Minerals* (KEFI LN) – Massive sulphide mineralisation intersected at Hawiah, Saudi Arabia | Vast Resources* (VAST LN) – Update | Sirius Minerals (SXX LN) – Sirius relegated to the SmallCap index as it falls out of FTSE 250 | Solgold* (SOLG LN) – Exploration identifies large copper gold target at Celen

Companies: bmn CEY FDI KEFI VAST SXX SOLG

  • 25 Jul 19
SP Angel – Morning View

Altus Strategies* (ALS LN) – Agreement to sell a stake in Toura Ni-Co Project, Cote d’Ivoire | Firestone Diamonds (FDI LN) – Strong Q4 production delivers 2018/19 guidance | Greatland Gold (GGP LN) – Initial results from Newcrest Mining’s drilling at Havieron | Strategic Minerals* (SML LN) – Settlement of acquisition

Companies: ALS FDI GGP SML

  • 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

  • 25 Apr 19
SP Angel – Morning View

Anglo American (AAL LN) – Production report shows mixed results | Bluebird Merchant Ventures* (BMV LN) – Fast progress in Kochang mining permit application. Gubong permit questions answered. | Firestone Diamonds (FDI LN) – Liqhobong mine sales benefit from large high quality diamonds | Highland Gold (HGM LN) – Q1 production +9% yoy in Q1/19 | Rambler Metals & Mining* (RMM LN) – Nomad and Broker appointment

Companies: AAL BMV FDI HGM RMM

  • 08 Apr 19
SP Angel – Morning View

Anglo Asian Mining* (AAZ LN) BUY – Target Price 96p – Exploration programme ramps up at Ordubad | ARC Minerals* (ARCM LN) – Copper and cobalt sulphide concentrate production starts at Kalaba | Aura Energy (AURA LN) – Mauritanian gold and base metal tenements granted | Cora Gold* (CORA LN) – £1.4m equity raise | Firestone Diamonds (FDI LN) – Liqhobong mine yields 72 carat yellow diamond | Jangada Mines (JAN LN) – Pedra Branca BFS completion expected during Q2 2019 | KEFI Minerals* (KEFI LN) – Tulu Kapi funding update | Strategic Minerals* (SML LN) – Settlement date for acquisition of the balance of the Redmoor project. | Vast Resources* (VAST LN) – Proposed sale of Zimbabwean gold assets and balance sheet restructuring

Companies: AAZ ARCM AURA CORA FDI JAN KEFI SML VAST

  • 12 Feb 19
SP Angel – Morning View

Bezant Resources (BZT LN) – Mankayan projects economics | Connemara Mining* (CON LN) – Proposal to change name | Element 25 (E25 AU) – Bulk test yields high purity 99.95% manganese metal | Exore Resources (ERX AU) – Well funded gold explorer with extensive land package in northern Cote d’Ivoire: Antoinette drilling results | Firestone Diamonds (FDI LN) – Liqhobong mine yields 70 carat white diamond | Kodal Resources* (KOD LN) – High grade lithium intersections across final assay results

Companies: BZT ARK FDI KOD

  • 14 Dec 18
SP Angel – Morning View

Bellzone Mining (BZM LN) SUSPENDED – Bellzone liquidation effectively forced by Chinese shareholder preventing company from raising new debt or equity | Bushveld Minerals* (BMN LN) BUY - Target Price 87p – Professional investors buying Bushveld as ferrovanadium prices pull-back to more sensible levels | Firestone Diamonds (FDI LN) 3.75 pence, Mkt Cap £20.0m – Liqhobong mine yields 46 carat diamond | Kodal Minerals* (KOD LN) 0.15p, Mkt Cap £11.1m – Interim results show important progress | MOD Resources (MOD LN) 18p, Mkt Cap £44.7m –Botswana licence renewals | Ormonde Mining* (ORM LN) 5.075p, Mkt Cap £24.0m – Barruecopardo commissioning remains on track

Companies: BZM bmn FDI KOD ORM

  • 29 Oct 18
SP Angel – Morning View

Cora Gold* (CORA LN) 8.8p, Mkt Cap £4.8m – Publication of the Exploration Target Report | Firestone Diamonds (FDI LN) 4.4 pence, Mkt Cap £22.9m – Q1 production | Horizonte Minerals (HZM LN) 3.5 pence, Mkt Cap £49m – Araguaia feasibility study | IronRidge Resources* (IRR LN) 22.3, Mkt Cap £62.7m – IMARC Africa focus day presentation 2018 | Kefi Minerals* (KEFI LN) 1.7p, Mkt Cap £9.1m – Resettlement programme update | SolGold* (SOLG LN) 38p, Mkt Cap £691m – Shares issued | URU Metals* (URU LN) 0.35p, Mkt Cap £2.7m – Zebediela licnese renewal

Companies: CORA FDI HZM IRR KEFI SOLG URU

  • 23 Jul 18
SP Angel – Morning View

Amur Minerals* (AMC LN) –Cooperation agreement signed with transport/logistics group | Firestone Diamonds (FDI LN) – Record Q4 delivers production guidance target | Galileo Resources (GLR LN) – Geophysics identifies further drilling targets at Star Zinc | Keras Resources* (KRS LN) – Bulk sampling approved at Nayega | Petra Diamonds (PDL LN) – 2018/18 production of 4.6m carats in line with guidance

Companies: AMC FDI GLR KRS PDL

  • 17 Jan 18
SP Angel – Morning View

Acacia Mining (ACA LN) – Hounde royalty sale completed | Firestone Diamonds (FDI LN) – Mixed Q2 results but output, quality, and demand improvements expected in H2 | Georgian Mining* (GEO LN) STRONG BUY – Michael Struthers appointed as COO to transition to mine development | IronRidge Resources* (IRR LN) – Expanding its lithium exploration area in Ghana | Lucapa Diamonds (LOM AU) – More large diamonds recovered from Lulo | Sula Iron & Gold* (SULA LN) – Sula changes name to African Battery Metals | African Battery Metals* (ABM LN) – Sula changes name to African Battery Metals | Tahoe Resources (THO CN) C$5.8, mkt cap C$1.8bn – cuts quarter of workforce in Guatemala as courts delay | mining license for Escobal silver mine

Companies: ACA FDI GEO IRR LOM THO POW

  • 01 Dec 17
SP Angel – Morning View

BlueRock Diamonds* (BRD LN) – BlueRock appoints new finance director | Firestone Diamonds (FDI LN) – Annual results and potential fundraising

Companies: Firestone Diamonds Bluerock Diamonds

  • 23 Oct 17
Morning Note

SCISYS* (SSY): Good heavens (CORP) | Solid State* (SOLI): Half-year update signals shift in business mix (CORP) | Petra Diamonds (PDL): Q1 trading update (BUY) | ANGLE* (AGL): New application for Parsortix harvesting cells from bone marrow (CORP) | Omega Diagnostics* (ODX): Half-year trading update (CORP) | Real Good Food* (RGD): Significant reduction in guidance (CORP) | Firestone Diamonds (FDI): Q1 trading update (U/R) | Trakm8* (TRAK): H1 is on Trak (CORP)

Companies: SOLI PDL AGL ODX RGD FDI TRAK SSY

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Firestone Diamonds. We currently have 76 research reports from 5 professional analysts.

Open
0.83p
Range Today
0.81/0.84p
52 Week
0.43/3.75p
Daily Volume
455.9k
# Shares
565.9m
Daily Liquidity
(0.08%)
Pension Liability
£0m
Enterprise Value
£83.7m
Market Cap
£4.67m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
04Dec19 09:42 RNS Grid Power Restored
19Nov19 16:35 RNS Price Monitoring Extension
01Nov19 15:53 RNS Issue of Shares
01Nov19 07:00 RNS Production resumes at Liqhobong Mine
23Oct19 07:00 RNS Quarterly Update on Operations
17Oct19 17:30 RNS Results of General Meeting
15Oct19 14:03 RNS Update on power disruptions
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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
  • 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
  • 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
  • 04 Dec 19
Coro Energy - Italian asset disposal and Bulu acquisition update

Coro Energy has provided an update on both the disposal of its non-core Italian assets and its Bulu PSC acquisition offshore East Java. Coro has entered into a conditional sale and purchase agreement with Zenith Energy for the disposal of its entire Italian portfolio for a consideration of £3.9m paid in new Zenith Energy shares. An initial consideration of £0.4m will be paid on completion of the deal and the rest is subject to certain production targets. Coro also announced the parties in the Bulu PSC continue to progress the transfer of the 42.5% participating interest in the PSC to Coro. With the acquisition not completed by the 2 December 2019 long-stop date due to a delay in receipt of approvals, the parties are now negotiating a further six-month extension.

Companies: Coro Energy
  • 28 Jan 19
Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD. Expected late January 2019. Chaarat Gold Holdings—RTO, the Company intends to acquire Kapan Mining and Processing CJSC, which owns the Shahumyan medium-sized polymetallic mine in Kapan in the Republic of Armenia. No raise, market cap of £110.1m, due early Feb

Companies: TENG DEST KMK PCA ABC EUA NUC AVCT SBIZ RBD