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  • 14 Nov 19

Chaarat Gold strengthens institutional investor base with US$5.8mln raise

chaarat-gold-strengthens-institutional-investor-base-with-us-5-8mln-raise
  • 14 Nov 19

SP Angel . Morning View

Arkle Resources* (ARK LN) 1.3p, Mkt Cap £1.7m – Airborne geophysics highlights additional opportunities at Stonepark | Avesoro Resources (ASO LN) 92.5p, Mkt Cap £75.5m – Operational challenges prompt further downgrade to production guidance | Chaarat Gold* (CGH LN) 34p, Mkt Cap £156m - $5.8m equity raise | Phoenix Copper* - (PXC LN) 15p, Mkt Cap £6.4m – £850,000 fundraising to advance the Red Star project. | Savannah Resources* (SAV LN) 2.4p, Mkt Cap £31.1m – Metallurgical results from Mina do Barroso lithium project

Companies: ARK ASO CGH SAV

  • 11 Nov 19

SP Angel . Morning View

Bacanora Lithium (BCN LN) – Update on Sonora lithium project | Beowulf Mining* (BEM LN) – Concluding statement submitted to Swedish government on Kallak North Iron Ore project | Chaarat | Gold* (CGH LN) – Kapan mine plan and reserves update | Oriole Resources (ORR LN) – £105,000 R&D rebate | Serabi Gold (SRB LN) – Quarterly results show 11% increase in year-to-date gold production | Sirius Minerals (SXX LN) – Strategic review update shows more modest 1mtpa plan | Thor Mining (THR LN) – Preliminary drilling results from White Violet prospect | Vast Resources* (VAST LN) – Board appointment

Companies: BCN BEM CGH ORR SRB SXX THR VAST

  • 23 Oct 19

Chaarat Gold PLC is young, keen and ambitious says new COO

chaarat-gold-plc-is-young-keen-and-ambitious-says-new-coo
  • 21 Oct 19

SP Angel . Morning View

Avesoro Resources (ASO LN) – Response to take-over offer | Barrick Gold – settles with Tanzania for $300m, a 16% free-carried interest in each of the Barrick-Acacia’s Tanzanian gold mines and a 50:50 profit sharing agreement | Shanta Gold – Tanzanian tax settlement may enable Revenue Authority to repay VAT owed to Shanta Gold | Bluejay Mining* (JAY LN) – Kangerluarsul zinc-lead-silver project | Chaarat Gold* (CGH LN) Target Price and Recommendation under review – Q3 operational update | Cora Gold* (CORA LN) – Final Sanankoro met test work results are in | Highland Gold (HGM LN) – Q3 update: on course for 290-300koz in FY19 | Keras Resources* (KRS LN) BUY, Valuation 1.08p – Mining permit granted by Council of Ministers of the Republic of Togo | Petra Diamonds (PDL LN) – Q1 Results and diamond market update | Phoenix Copper* - (PXC LN) – Empire mineralisation links through Red Star to White Knob showing porphyry potential

Companies: ASO ABX SHG JAY CGH CORA HGM KRS PDL

  • 16 Oct 19

Chaarat Gold's Dusty Nicol updates on drilling campaign at Tulkubash project

chaarat-gold-s-dusty-nicol-updates-on-drilling-campaign-at-tulkubash-project
  • 15 Oct 19

SP Angel - Morning View

Anglo Asian Mining* (AAZ LN) – Robust Q3 update: net cash balance +$8.5m during the period | Chaarat Gold* (CGH LN) – New drilling expands the scale of the Tulkubash gold project | Kavango Resources (KAV LN) – Drilling starts on the Kalahari Suture Zone in Botswana | Solgold* (SOLG LN) – Ecuador government reaches deal with indigenous groups to end violent protests and repeals law to end fuel subsidies | Syrah Resources (SYR AU) – AustralianSuper A$56m convertible notice issued | Talga Resources* (TLG AU) – Talga to develop a graphite-based battery anode for solid state batteries

Companies: AAZ CGH KAV SOLG SYR TLG

  • 13 Sep 19

SP Angel – Morning View

Australian Vanadium (AVL AU) – MOU for VSUN grant and instillation of a new Solar and VRFB battery solution in Pilbara | Chaarat Gold* (CGH LN) – Interims: acquisition of producing Kapan and de-risking of Tulkubash development project | Rambler Metals & Mining* (RMM LN) – General meeting | Serabi Gold (SRB LN) – Presentation highlights pathway to 100,000oz gold production

Companies: CGH RMM SRB

  • 13 Sep 19

Small Cap Feast

AMRYT PHARMA PLC— a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases have raised $60m before expenses and will relist on the AIM Market on the 25/09/2019

Companies: STHR CGH KAT CCT SEY MTL AGL ARS AFHP SEN

  • 11 Sep 19

SP Angel – Morning View

Cora Gold* (CORA LN) – Zone B drilling returns good grades | Chaarat Gold* (CGH LN) – Funding update | Conroy Gold & Natural Resources (CGNR LN) – Clontibret gold prospect shows good gold and antimony grades | Syrah Resources (SYR AU) - A$0.54, Mkt cap A$221m – Graphite production cut by Syrah Resources due to raw material oversupply at lower quality end of the market

Companies: CORA CGH CGNR SYR

  • 28 Aug 19

SP Angel – Morning View

Altus Strategies* (ALS LN) – Sale and royalty agreement with Desert Gold on two projects in Mali | Anglo American (AAL LN) – De Beers diamond sales | Ariana Resources (AAU LN) – Kiziltepe quarterly results | Chaarat Gold (CGH LN) – Drilling continues to expand the Tulkubash orebody | Keras Resources* (KRS LN) – Fundraising of £350,000 and conversion of director loans | Premier African Minerals* (PREM LN) – Completion of loan to Otjozondu Manganese

Companies: ALS AAL AAU CGH KRS PREM

  • 01 Aug 19

SP Angel – Morning View

Arc Minerals* (ARCM LN) – Mineralogy at Cheyeza East indicated high-grade weathered copper zone | Bacanora Lithium (BCN) – Genfeng receives first approval from China’s Ministry of Commerce, two more approvals to go | Chaarat Gold* (CGH LN) – Operational update conference call | Phoenix Copper* - formerly Phoenix Global Mining (PXC LN) – Updated project economics for Empire oxide project

Companies: ARCM BCN CGH

  • 30 Jul 19

SP Angel – Morning View

Anglo American (AAL LN) – De Beers diamond sales | Arc Minerals* (ARCM LN) – Drillers take stock after drill results highlight value in Cheyeza East copper discovery | Chaarat Gold* (CGH LN) – Kapan H1/19 operational update and new MRE; 2021 convertible notes update | Keras Resources* (KRS LN) – Calidus hits 1m of 107g/t gold at Warrowoona in Australia | MOD Resources (MOD LN) – Quarterly report and operations update

Companies: AAL ARCM CGH KRS MOD

  • 26 Jun 19

SP Angel – Morning View

AfriTin Mining* (ATM LN) – Uis tin project drill results | Cora Gold* (CORA LN) – Metallurgical tests show 97% recoveries at Sanankoro | Chaarat Gold* (CGH LN) – Annual results highlight Tulkubash growth/development progress and Kapan acquisition | Katoro Gold (KAT LN) – Fully funded drill program planned for key targets at Haneti nickel sulphide project in Tanzania | Kodal Minerals* (KOD LN) – Drilling update from Bougouni lithium project | Power Metals Resources* (POW LN) – Major drill targets confirmed at Haneti Nickel Project | Savannah Resources* (SAV LN) – Exercise option to acquire Aldeia mining lease

Companies: ATM CORA CGH POW KOD SAV

  • 18 Jun 19

SP Angel – Morning View

Anglo Asian Mining* (AAZ LN) BUY, 127p – Exploration Report | Bluejay Mining* (JAY LN) BUY, Target price 21.3p – Focus on delivery of 5,000t, 89% ilmenite grade bulk smelter sample for Rio Tinto | Chaarat Gold* (CGH LN) BUY, 42p – Tulkubash Drilling results | Strandline Resources (STA AU) – Strandline gains US$26m credit approval for mineral sands mine in Tanzania from Nedbank CIB | Virginia Energy Resources (VUI CN) – US Supreme Court upholds Virginia State ban on Uranium | Yellow Cake (YCA LN) – Annual results

Companies: AAZ JAY CGH YCA

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Chaart Gold. We currently have 25 research reports from 2 professional analysts.

Open
29.2p
Range Today
28.8/30.4p
52 Week
19.0/38.6p
Daily Volume
337.0k
# Shares
431.3m
Daily Liquidity
(0.08%)
Pension Liability
£0m
Enterprise Value
£165.7m
Market Cap
£131.1m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
19Nov19 07:00 RNS Holding(s) in Company
14Nov19 07:00 RNS Completion of US$5.8 million Equity Capital Raise
11Nov19 07:00 RNS Kapan Mine Revised Mine Plan and Reserves Update
08Nov19 07:00 RNS Holding(s) in Company
08Nov19 07:00 RNS Holding(s) in Company
05Nov19 07:00 RNS Holding(s) in Company
04Nov19 07:00 RNS Holding(s) in Company
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  • 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
  • 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

  • 02 Dec 19

Allenby Capital TMT Update - 02.12.19 (BIRD.L, CPX.L, SWG.L)

Blackbird plc* (BIRD.L, 35p/£30.7m) | CAP-XX Ltd* (CPX.L, 3.7p/£12.0m) | Shearwater plc (SWG.L, 242p/£53.5m)

Companies: BIRD CPX SWG

  • 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
  • 28 Nov 19

FLASH: 3Q19 results

Overall net 3Q19 production was 13.0 mbbl/d (GMP FEe: 14.5 mbbl/d) including 9.2 mbbl/d at Montara (GMP FEe: 11.2 mbbl/d) and 3.8 mbbl/d at Stag (GMP FEe: 3.2 mbbl/d) in Australia.

Companies: Jadestone 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
  • 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

  • 02 Dec 19

Reinstating estimates

We are reinstating President Energy estimates after taking into account the recent temporary oil price controls and its strategic pivot towards gas in Argentina. Our forecasts come down materially, as does our price target, which we have cut from 19p to 10p. However, we believe the shares have already moved to discount the uncertain investment climate within Argentina. At this stage, the incoming President’s approach towards the oil industry remains unclear, although he has indicated support towards the development of Vaca Muerta shale. This uncertainty makes it hard for investors to commit, but PPC’s growing core Rio Negro assets provide investment flexibility alongside material growth potential that a period of stability in Argentina will reveal.

Companies: President Energy
  • 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
  • 02 Dec 19

Premier Oil

BIG-P development onstream

Companies: Premier Oil
  • 12 Sep 19

Hurricane Energy - Lincoln Crestal positive flow test

This morning Hurricane Energy announced the flow test results from its Lincoln Crestal well, the second well of a three-well drilling campaign in the Greater Warwick Area (GWA). The well tested at a maximum stable flow rate of 9,800bopd using electrical submersible pumps (ESPs). The well flowed at an average rate of 4,682bopd under natural conditions and no formation water was produced. The well will now be suspended, with the intention that it will be used for production via tie-back to Lancaster’s Aoka Mizu FPSO in 2020, subject to further work, regulatory consent and final investment decision by the joint venture. Production from the tie-back would generate reservoir data to be used in planning future phases of development of GWA. The drilling rig will now move to the location for the third and last well of the 2019 drilling programme, Warwick West. Our latest risked valuation of Hurricane Energy stands at 102.8p/share, with GWA tie-back being valued at 3.5p/share and GWA FFD at 21.6p/share. Hurricane Energy is currently trading at 49.0p/share.

Companies: Hurricane Energy
  • 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
  • 29 Nov 19

Quadrise Fuels International - Initial pilot trial in Morocco

Quadrise has entered into an agreement with an international chemicals and mining group headquartered in Morocco. During calendar Q120 the two parties will work together on a project to carry out a trial of MSAR, Quadrise’s synthetic enhanced heavy fuel oil, on a pilot plant test facility located at one of the client’s sites in Morocco. If successful, Quadrise will then undertake feasibility studies in preparation for commercial-scale trials on an industrial unit and a steam boiler owned and operated by the client. These potential trials would be covered by new agreements.

Companies: Quadrise Fuels International
  • 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
  • 29 Oct 19

Q3: upstream impacted by weather, partly offset by a strong downstream

The results show positive contributions from Rosneft and all Downstream divisions, partly offsetting the Upstream division, which was down on lower prices and lower production. The release has been toned down by management, indicating that a dividend hike will not be likely in Q4 as the focus is on deleveraging. This is not surprising, in our view, since H2 had little room for improvement with the buy-back planned and we do not see this as a departure from the progressive dividend policy.

Companies: BP