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

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  • 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

  • 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
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

  • 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

  • 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
  • 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

  • 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
  • 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

  • 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
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: STEM CGH KAT CCT SEY MTL AGL ARS AFHP SEN

  • 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: STEM 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

  • 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

  • 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

  • 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

  • 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

  • 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

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Chaart Gold. We currently have 26 research reports from 2 professional analysts.

Open
N/A
Range Today
N/A
52 Week
24.2/38.6p
Daily Volume
N/A
# Shares
431.3m
Daily Liquidity
(0.01%)
Pension Liability
£0m
Enterprise Value
£165.7m
Market Cap
£161.3m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
20Jan20 07:00 RNS Issue of shares, holding in Company & waiver grant
06Jan20 07:00 RNS Notification of transactions of directors
27Dec19 07:00 RNS Stabilization agreement with the Kyrgyz Government
19Dec19 07:00 RNS Holding(s) in Company
17Dec19 07:00 RNS Holding in Company
16Dec19 07:00 RNS Holding(s) in Company
12Dec19 07:00 RNS Holding(s) in Company
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  • 20 Jan 20
The Industrial Revelation

US factory output rises in Dec better than expected, Schlumberger sees continued weakness in North America, Fastenal saw a continued slowdown in Q4

Companies: HEAD HILS HTG JHD RNO SCPA TRI ZTF SOM

  • 20 Jan 20
Hurricane Energy - Updated drilling campaign for 2020–21

In December 2019, Hurricane Energy provided a trading and operational update on its activities, announcing a strong ongoing performance of the Lancaster early production system (EPS), with well tests supporting guidance of 20,000bopd for FY20 (before operational downtime). Hurricane was also granted a five-year extension to its P1368 licence, covering Lancaster and Lincoln, which resulted in changes to its near-term work programme. One or more sub-vertical wells will be drilled on both Lincoln (in 2020) and Lancaster (in 2021) to determine the maximum vertical extent of each reservoir. Hurricane estimated FY19 revenue of c $165m and year-end unrestricted cash of c $150m, relatively in line with our estimates for the year. Our risked valuation stands at 109.9p/share (from 102.8p/share) as we roll forward our NAV, adjust our short-term oil price assumptions and update forecasts to reflect Lancaster EPS performance and the 2020–21 work programme.

Companies: Hurricane Energy
  • 23 Jan 20
The Industrial Revelation

UK industrial trends improves in Jan, South Korean GDP rises at fastest pace since Q3 17, Japan's exports miss but chip-making bounces in Dec

Companies: HEAD HTG JHD OXIG RSW GHH

  • 20 Jan 20
Cenkos: Trinity Exploration and Production Plc -- Strong Cash flow Generation

Trinity has ended 2019 on a high, increasing year-on-year cash balances whilst continuing with its onshore drilling programme. Year-on-year production increased by 5%, with the full impact of the 2019 drilling campaign only being realised during Q4/19, with an exit production rate c3,400 bopd. Through SCADA and the Company's hedging programme Trinity has put in place measures to protect bottom-line free cash flow generation and ensure a resilient financial performance, with the impact of oil price and tax take mitigated. We update our model, maintaining our 37p buy target and our BUY recommendation

Companies: Trinity Exploration & Production
  • 20 Jan 20
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, ConocoPhillips, Lekoil, Tullow Oil, PetroTal, Serica Energy, China National Offshore Oil Corporation (CNOOC), Cairn Energy, Africa Oil Corp, Genel Energy, RockRose Energy, Egdon Resources

General News: Norway The Norwegian Government has awarded 28 oil and gas companies a total of 69 offshore blocks as part of the APA 2019 licensing round. 33 blocks were awarded in the North Sea, with 23 in the Norwegian Sea and a further 13 in the Barents Sea. Equinor received the most licences with 23, followed by Var Energi with 17 and Aker BP with 15. PE backed firms, Neptune Energy and Chrysaor received eight and thirteen blocks respectively. Norway. Senegal's 2020 Licensing Round will be launched on the 28 January 2020 at the King Fahd Hotel in Dakar. The licensing round comprises 12 blocks in the MSGBC Basin, offshore Senegal. The Round officially launches on the 31 January 2020, with applications to be delivered by the 31 July 2020. Petrosen, along with TGS, GeoPartners and PGS have provided 14,000km of 2D seismic, 10,000km of 3D seismic and 50,000sqkm of multibeam data. Further investment events are planned in London on 19-20 February and in Houston 24-25 February. Senegal.

Companies: FOG PVR DGOC EME TRIN 88E

  • 20 Jan 20
First look

Trinity has released a positive 4Q19 operational update, with average FY19 production up 5% yoy to 3.01kb/d and an exit rate of c.3.4kb/d. The company’s first High Angle Well has also been successful, reaching daily production rates in excess of 80b/d, and the development team will prioritise identifying similar HAW locations for its 2020 capex programme. We reiterate our BUY recommendation given Trinity’s compelling valuation, strong balance sheet, efficient execution and visibility on production growth.

Companies: Trinity Exploration & Production
  • 23 Jan 20
Pantheon Resources*

Alkaid resource report

Companies: Pantheon Resources
  • 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
  • 21 Jan 20
WHI First Light: Caledonia Mining, Pennant International & Oriole Resources

Caledonia today announced it has finalised the transaction to purchase a 15% holding in the Blanket mine in Zimbabwe taking its total holding in the mine to 64%. This was first announced in November 2018 and comprised the cancelling of a loan between Fremiro and Caledonia and the issuance of 0.73m shares in Caledonia (valuing the 15% stake at $16.7m). Fremiro will now own 6.3% of the enlarged share capital of Caledonia. PEN's announcement this morning appears well-aligned to its strategy of lifting recurring earnings while also intensifying its focus on software products and related services as part of the product mix. This approach is expected to free PEN to exploit to the fullest extent its technical advantages in the specialist field of integrated logistics support software for the aviation and other sectors, while increasingly limiting its exposure to large, lumpy contracts. The intended acquisition of Absolute Data Group (ADG) adds a complementary new product suite, gives PEN a step up in key global markets, and adds both high margin licences and expanded maintenance services. Completion, expected by the end of February, is contingent on contractual conditions being satisfied by the vendors as well as on the conclusion of financing agreements. The acquisition is small, but looks potentially meaningful all the same, and we expect it to be modestly earnings enhancing (allowing for investment and integration costs) as early as FY2020E. Oriole, the West-African focussed gold explorer, today announces that its tenure in Senegal has been extended for up to 10 years (plus a potential 2 years special extension), with the former Dalafin licence now designated Senala.

Companies: CMCL ORR PEN

  • 23 Jan 20
Q4/2019 Trading Update

Petropavlovsk PLC (LSE: POG) have released their Q4 trading update this morning. Not only are the results for 2019 impressive with a 28% increase in sales from the company’s three operating gold mines to 471.6koz, plus another 42.4Koz from third party concentrates (comfortably in line with estimates), the guidance for 2020 is literally on another level. The company is guiding to 620koz to 720koz of production including third-party concentrate sales. We were previously assuming 565koz including 80koz of third party.

Companies: Petropavlovsk
  • 21 Jan 20
Gulf Keystone Petroleum#

Operational update

Companies: Gulf Keystone Petroleum
  • 24 Jan 20
WHI First Light: Getech (GTC) & Norman Broadbent (NBB)

Getech (GTC) – Corporate – Strong order book, forward sales and cash growth but FY 2019E outturn anticipated below expectations Getech provides geoscience and geospatial products and services to companies and governments to de-risk exploration programmes and improve their management of natural resources. This morning, the group has announced that whilst it has seen strong growth in both its new forward sales and order book at +41% and +48% respectively (New forward sales totalling £2.4m and an Order book of £3.1m), a number of anticipated substantial orders did not close by the end of December 2019. As such, FY 2019E revenue is now expected to be c.£2m lower than the prior year, whilst lower costs and the continued focus on driving efficiencies across the business has cushioned the impact to a degree at the EBITDA level. Norman Broadbent (NBB) – Corporate – Full year update – Breakthrough milestone with return to profit in FY2019 – confirms H1 trajectory This morning's update from NBB highlights positive momentum with, we believe, further upside as the turnaround continues. Having generated a small profit in the first half, NBB has now achieved the further feat of making a profit in the whole of 2019, confirming the encouraging trajectory which has taken the company from a £1.6m loss in 2017 to profitability. Revenues are up substantially at £11.5m (+22%); Net Fee Income ahead by a similar degree (£7.6m, +15%). PBT is not specified but has clearly built on the modest but promising £0.016m generated in the first half – this despite NBB generally being a first half-weighted company and indeed H2-19 an uncertain period generally due to political and economic uncertainty.

Companies: Getech Group Norman Broadbent

  • 24 Jan 20
POX Production Resets Expectations Higher

Petropavlovsk PLC (LSE: POG) announced significantly improved operational performance in a trading update this week. We have revisited our model, increasing our 2020 gold production estimate to 662koz inclusive of 180koz of gold from third party concentrate, ahead of the commissioning of the flotation plant at Pioneer. We increase our target price to 22p, representing 1x NAV10% at a US$1,550 gold price.

Companies: Petropavlovsk
  • 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

  • 20 Jan 20
Cenkos: 88 Energy Ltd -- Quarterly Update

This morning, 88 Energy released its quarterly update ahead of the spudding of the potentially transformational Charlie-1 well in February. Charlie-1 will appraise BP's 1991 Malguk-1 well, which encountered oil shows across multiple horizons but was not tested due to operational complications. Charlie-1 will intersect seven stacked targets, with a total gross mean prospective resource of 1.6bnbbls (480mmbbls net to 88 Energy). As part of farm-out to Premier Oil, Premier will fund the cost of the well up to a cap of US$23m. With everything on track for a February spud, we look forward to one of the most anticipated onshore wells in 2020. We maintain our 4.8p price target and our BUY recommendation.

Companies: 88 Energy