Equity Research, Broker Reports, and media content on Chaart Gold

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  • 31 Mar 20
Chaarat Gold reports 'minimal disruption' from outbreak as product demand remains strong
chaarat-gold-reports-minimal-disruption-from-outbreak-as-product-demand-remains-strong
  • 27 Mar 20
SP Angel . Morning View

Anglo American (AAL LN) – Covid19 mitigation measures | Arkle Resources* (ARK LN) 0.7p, Mkt Cap £1m – Conditional fundraising | Chaarat Gold* (CGH LN) - BUY – 44p – Operations update in the light of the COVID-19 outbreak | Scotgold Resources* (SGZ LN) - BUY – Cononish development update

Companies: AAL ARK CGH SGZ

  • 05 Mar 20
SP Angel . Morning View

Bluejay Mining* (JAY LN) - BUY, Target price revised to 20.1p (from 16.3p) – Valuation upgrade on theoretical optimisation of Dundas ilmenite project and rising demand for ilmenite feedstock | Chaarat Gold* (CGH LN) – BUY – 44p (from 42p) – Kapan is FCF positive and Tulkubash is on course for first gold in Q4/21 | Petropavlovsk (POG LN) – Inclusion into the FTSE 250 Index | SolGold* (SOLG LN) – PDAC presentation gives snapshot of Alpala and Ecuador exploration programme

Companies: JAY CGH POG SOLG

  • 25 Feb 20
Chaarat Gold's Artem Volynets discusses 'impressive progress' across its key projects
chaarat-gold-s-artem-volynets-discusses-impressive-progress-across-its-key-projects
  • 21 Feb 20
Chaarat Gold's Dusty Nicol talks increase to reserves at Tulkubash
chaarat-gold-s-dusty-nicol-talks-increase-to-reserves-at-tulkubash
  • 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
Small Cap Feast

Inspecs, a UK designer, manufacturer and distributor of eyewear frames to global retail chains announces its intention to IPO onto AIM raising £94m with a market cap of £138m. Admission expected 27th February. FY Dec 2018 numbers show revenue of $57m and underlying EBITDA of $11m

Companies: SO4 TRP ECHO OPM EBQ SBTX CGH PTRO PEN

  • 12 Feb 20
SP Angel . Morning View

Altus Strategies* (ALS LN) – Flash note: Momentum builds as new JVs signed, strategic investment secured | Anglo Asian Mining* (AAZ LN) – Debt free status reached | Chaarat Gold* (CGH LN) – FY19 operational and financial results due next week | Mali Lithium (MLL AU) – new presentation highlights benefits of the Goulamina project | Kodal Minerals* (KOD LN) – | Mkango Resources* (MKA LN) – Sample results from Thambani | Phoenix Copper* (PXC LN) – Empire mine environmental studies | Power Metal Resources (POW LN) – Kisinka exploration programme | SolGold* (SOLG LN) – Timbara exploration results

Companies: ALS AAZ CGH KOD MKA POW SOLG

  • 20 Jan 20
SP Angel . Morning View

Sirius Minerals (SXX LN) / Anglo American (AAL LN) - Anglo American agrees to buy Sirius Minerals for 5.5/s (£404m) | Chaarat Gold* (CGH LN) 36p, Mkt Cap £169m – Issue of shares | Keras Resources* (KRS LN) – Keras hires local team for Q1 start of production

Companies: AAL SXX CGH KRS

  • 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

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Chaart Gold. We currently have 31 research reports from 2 professional analysts.

Open
25.0p
Range Today
25.0/25.2p
52 Week
21.2/39.2p
Daily Volume
0.0k
# Shares
470.2m
Daily Liquidity
(0%)
Pension Liability
£0m
Enterprise Value
£165.7m
Market Cap
£118.5m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
30Mar20 12:07 RNS Second Price Monitoring Extn
30Mar20 12:02 RNS Price Monitoring Extension
27Mar20 07:00 RNS COVID-19 response update
05Mar20 07:00 RNS Appointment of Joint Broker & Director Holding
26Feb20 07:00 RNS Management Changes
26Feb20 07:00 RNS Chaarat reinforces management team
24Feb20 07:00 RNS Grant of waiver
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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
  • 27 Mar 20
Hurricane Energy

Worker evacuated from Lancaster FPSO

Companies: Hurricane Energy
  • 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

  • 27 Mar 20
Cenkos: Diversified Gas & Oil Plc -- In a league of its own

Diversified Gas & Oil is emerging as a new model for the E&P market, balancing low fixed costs with efficient operations to generate consistent cash flows. Since the Company's foundation, DGO's strategy has remained unchanged, delivering stable production, whilst maintaining capital discipline to deliver cash flows and shareholder returns. Efficient operations combined with low fixed costs means DGO can deliver strong margins at low prices - vital in the current environment. The DGO model does not follow that of its capital intensive North American “peers” and nor does it follow that of its international London listed “peers”, putting DGO in a league of its own. With many of the Permian oil producers and Appalachian gas producers cutting back on capex in the current price environment, we see a recovery in the gas prices, with the current oversupply of gas turning into an undersupply as production and stores fall away. We believe the M&A market will provide a great opportunity for DGO over the next 12-24 months, with inevitably some E&P's not being able to survive the current low price environment. We update our model incorporating the extension of the Company's asset retirement agreement with the state of Ohio, the latest forward price curves and the GBP/USD exchange rate, increasing our price target to 148p/share (from 121p/share) and our BUY recommendation.

Companies: Diversified Gas & Oil
  • 30 Mar 20
WHI Equity Research: i3 Energy (I3E)

Strategic Production Acquisition and TSX Listing i3 Energy announced today that is has entered an option agreement to acquire all of the outstanding shares of TSX listed Toscana Energy Income Corporation. Toscana produced on average 1,065 boe/d in 2019 and has 2P reserves of 4.65 mmboe of which 55% consists of oil (and natural gas liquids) and 45% consists of natural gas. Toscana's low-decline production is located in Western Canada. Toscana's lands include a very large holding over one of Western Canada's leading new oil plays targeting the Clearwater formation. i3 Energy has acquired the entirety of Toscana's $C28.2M of senior and junior secured debt for $C3.4M representing a price of $C0.12 per dollar of outstanding debt. i3 is now Toscana's secured lender. The debt purchase was funded with i3 Energy's existing cash resources. i3 Energy has agreed to issue up to 4,399,224 of its shares, representing circa 4% of i3 Energy's existing share capital to acquire the entirety of Toscana's shares, representing a market value of circa $C0.55M based on the market values of 27 March 2020. We believe the announcement represents a positive and transformational change for i3 Energy.

Companies: I3 Energy
  • 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
  • 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
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
  • 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

  • 27 Mar 20
Bowleven

H1 results to December 2019

Companies: BowLeven
  • 30 Mar 20
WHI First Light: Caledonia Mining (CMCL)

Caledonia today provides an update on its Blanket mine in Zimbabwe in the light of the full lockdown other than “for essential services” from today as ordered by President Mnangagwa. The mine is still operating as the authorities will grant exemptions for businesses which demonstrate they can operate in a manner that contributes to the management of the spread of Covid-19 infections. Caledonia has applied for this exemption.

Companies: Caledonia Mining Corporation Plc Com Shs Npv
  • 30 Mar 20
Quadrise Fuels International - Business development intensifying

Quadrise’s business development activity has intensified in the last nine months, with progress on opportunities in Morocco, South America, Saudi Arabia (KSA) and the marine sector. COVID-19 will potentially extend the length of time taken to complete trials. However, management notes that the current low oil prices are not likely to have a material impact on interest in using its innovative MSAR fuel as a heavy fuel oil substitute.

Companies: Quadrise Fuels International
  • 30 Mar 20
Strategic financing from IIG

Ironveld has signed a range of conditional financing agreements with Inclusive Investment Group (IIG) that mark a step change in its ability to advance its iron, vanadium and titanium project in the prolific Bushveld Complex of South Africa. The agreements will see IIG provide Ironveld with $3.2m in both debt and equity with IIG to take a stake of up to 46.8% in the company subject to certain shareholder approvals. This locks IIG in as a meaningful strategic partner and should allow Ironveld to progress Phase I of its project while it seeks the broader financing required to bring it in to development

Companies: Ironveld
  • 02 Apr 20
Genel Energy

October 2019 Tawke and Taq Taq payments received

Companies: Genel Energy
  • 28 Jan 16
Strong operationally, but cash still declining

Sylvania's Q2 production and cost performance was impressive, but its cash balance continues to decline, falling by $1.7m in the quarter to $5.7m. The spot basket price in is now 8% lower in USD terms than it was in Q4 but 7% higher in ZAR terms, which should allow margins to be preserved, at least in ZAR terms. If the past quarter's operational performance can be maintained Sylvania should be cash generative going forward and in a position to take advantage of any upswing in platinum prices.

Companies: Sylvania Platinum