Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Keras Resources. We currently have 151 research reports from 4 professional analysts.
Caledonia Mining (CMCL LN) – 2019 results and 2020 guidance | Keras Resources* (KRS LN) – AGM adjourned despite 99% of votes in favour of resolutions | Savannah Resources* (SAV LN) – Annual results highlight progress on Portuguese lithium and Mozambique mineral sands | Petropavlovsk (POG LN) – IRC stake divestment and loan guarantees termination proposal | Vast Resources* (VAST LN) – Baita Plai equipment shipments update | Regeneron advances COVID-19 antibody program | Synairgen (SNG.L): Approval to start Phase 2 trial of SNG001 in COVID-19
Companies: CMCL KRS POG SAV VAST SNG
Edenville Energy* (EDL LN) 0.6p, Mkt Cap £3.7m – Operations update | KEFI Minerals* (KEFI LN) – Hawiah Exploration Project Update | Keras Resources* (KRS LN) – Calidus gains value on higher gold price and falling Australian dollar following Keras distribution. | Phoenix Copper* (PXC LN) – Raises US$2m to advance Red Star | Rio Tinto may sell Pacific aluminium business as it cleans up its carbon act | Tri-Star Resources* (TSTR LN) – SPMP management changes
Companies: KEFI KRS RIO TSTR EDL
FRP Advisory Group, UK professional services firm specialising in restructuring advisory. Raising £80m (£20m primary). Expected market cap £190m. Compound annual growth of 16.4 per cent. in revenue and 10.9 per cent. in operating profit since the beginning of FY17.o Strong average EBITDA margins of 51 per cent. over FY17 to FY19, and consistently strong cash conversion 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. The Proof Of Trust has announced its intention to list on the Standard Market. The Blockchain based business, owns patents to a protocol which facilitates dispute resolution based upon smart contract disputes. Transaction details TBC. DRI Healthcare—investment company focused on investments in healthcare Royalty Assets looking to raise $350m. Due 11 Mar. Ninety One –proposed demerger and public listing of Investec’s global asset management business on LSE and JSE. 30 Sep 2019 AUM £121bn. Sale of existing shares. Expected free float of >60%. Due 16 march. Cabot Square—Closed ended investment fund focussed on alternative assets and asset manager. Looking to raise £200m. Will target investment opportunities that are expected to generate an attractive risk adjusted return and that can also make a positive ESG impact by focusing on some of the biggest challenges facing societies and economies. Due 14 Feb. The Global Sustainable Farmland Income Trust will invest in a diversified portfolio of operational farmland assets located in major agricultural markets including the United States, Europe, New Zealand, Australia and certain countries within Latin and South America. Raising up to $300m. Due 28 February. Incanthera—Specialist oncology company focused on transforming cancer treatment by creating environments in which cancer cannot survive . Due 28 Feb. Zapp Scooters, a developer and manufacturer of electric two-wheeled vehicles announced its intention to IPO on the NEX Exchange Growth Market. The Company intends to raise up to £3.5m. Admission is expected to occur on NEX in February 2020.
Companies: TSTL BOKU EQT KRS CALL CRV JAY TWD PHC ALBA
Adriatic Metals* (ADT LN) – Permitting update | Anglo American (AAL LN) – De Beers diamond sales | Atalaya Mining (ATYM LN) – Permitting update for Proyecto Touro | Altus Strategies* (ALS LN) 7.3p, Mkt Cap £16m – Start of drilling at Tabakorole Gold Project | Georgian Mining Corporation (GEO LN) – Georgian Mining receives confirmation of tenure from the Georgian National Agency of Mines | Keras Resources* (KRS LN) – Keras to place order for larger 25,000tpm plant at Nayega | Sovereign Metals (SOV AU) - Raising A$2m | Shanta Gold (SHG LN) – Higher resource at Singida to yield better project economics | Trans-Siberian Gold (TSG LN) – FY20 production guided at 38-42koz and dividend policy reiterated
Companies: ADT1 AAL ALS ATYM KRS SMA GEO SHG TSG
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
AfriTin Mining* (ATM LN) –– Issue of £3.8m of convertible loan notes as Uis ramps up tin concentrate production | Altus Strategies* (ALS LN) – Q3/19 corporate and operational highlights | Asiamet Resources (ARS LN) – Near term exploration targets | Aura Energy Limited* (AURA LN) – Extraordinary General Meeting | Keras Resources* (KRS LN) – Distribution of Calidus Shares | Thor Mining (THR LN) – Drilling results from Kapunda
Companies: ATM ALS ARS AURA KRS THR
Beowulf Mining* (BEM LN) – Bewulf raises stake in Vadar in Kosovo | Keras Resources* (KRS LN) – Nayega Manganese project update | Thor Mining (THR LN) – Stream sediment results from W Australia
Companies: BEM KRS THR
Altus Strategies* (ALS LN) – Exploration update on Zager and Daro, Northern Ethiopia | Beowulf Mining* (BEM LN) – Near doubling of graphite resource at Aitolampi | KEFI Minerals* (KEFI LN) – Q3 operational update | Keras Resources* (KRS LN) – Keras to host London investor event with Calidus Resources | Petra Diamonds (PDL LN) – Pit wall at Cullinan mine
Companies: ALS BEM KEFI KRS PDL
Anglo American (AAL LN) – Production report shows company on track to deliver guidance | Aura Energy Limited* (AURA LN) – Call for shareholder meeting | Bushveld Minerals* (BMN LN) – Mining right granted for Mokopane vanadium, magnetite mine | Keras Resources* (KRS LN) –Infill drilling to grow the Warrawoona reserve
Companies: AAL AURA bmn KRS
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
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
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
Arc Minerals* (ARCM LN) – STRONG BUY – Drilling indicates copper over 300 x 650m at Cheyeza East | Asiamet Resources (ARS LN) – Raising US$2.1m for further work at BKM and Beutong | Avesoro Resources (ASO LN) – Major shareholder expresses interest in acquiring the balance of the company | Beowulf Mining* (BEM LN) – Interim statement highlights Kallak permitting process | BHP (BHP LN) – Declares record final dividend of 78UScents/share | Highland Gold (HGM LN) – Death of a Director | IronRidge Resources* (IRR LN) – Cape Coast lithium metallurgical test work | Keras Resources* (KRS LN) – BUY, Valuation 1.08p – Calidus drill campaign to add value on potential Warrawoona gold resource expansion | Kodal Minerals* (KOD LN) – Positive lithium metallurgical test work results | Power Metal Resources* (POW LN) – Strategic and operational review | Premier African Minerals* (PREM LN) – Power supply plan for RHA tungsten
Companies: ARCM ARS ASO BEM BHP HGM IRR IRR KRS KOD POW PREM
BTG (BTG) - BTG announced that they had reached agreem ent on the term s of a recom m ended cash offer by Bidco and have cancelled their listing on the Main Market (premium).
Companies: KRS TSG ASO VITA ANGS ODX BCN EDR TGP KOD
Altus Strategies* (ALS LN) – Gold discovery on the Zager licence | Atalaya Mining (ATYM LN) – Q2 production helps maintain 2019 production guidance | Europa Metals Limited (EUZ LN) – Drilling results from Toral zinc, lead, silver project in Spain | Gem Diamonds (GEMD LN) – Letseng achieves 10% higher prices in H1 2019 | Keras Resources* (KRS LN) – BUY, Valuation rises to 1.08p – Calidus raises A$9m from investors in Australia to fund drilling and DFS | Scotgold Resources* (SGZ LN) – Appointment of director | Tirupati Graphite (private) – Operations update | Thor Mining (THR LN) – Thor confirms it has sufficient funds to meet commitments over next six months
Companies: ALS ATYM EUZ GEMD KRS SGZ THR
Research Tree provides access to ongoing research coverage, media content and regulatory news on Keras Resources. We currently have 151 research reports from 4 professional analysts.
|30Mar20 12:15||RNS||Result of AGM|
|19Mar20 15:00||RNS||Adjourned Annual General Meeting|
|17Mar20 17:31||RNS||Adjournment of AGM & Corporate Update|
|28Feb20 07:00||RNS||Total Voting Rights|
|24Feb20 07:00||RNS||Final Results and Notice of AGM|
|29Jan20 07:00||RNS||Fundraising and appointment of Joint Broker|
|17Jan20 10:15||RNS||Corporate Update|
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
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
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
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
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
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.
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
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
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
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
Oil posted the biggest weekly plunge since 2008, capping its most dramatic week in recent memory as major producers prepare to drench the market with supply just as the coronavirus crushes demand. But prices jumped following the close, after President Donald Trump said the U.S. would fill the nation's strategic reserve. Losses for the week totalled 23% after the collapse of talks between members of the OPEC+ group triggered the biggest crash in a generation. Instead of reaching a deal to cut output to mitigate the fallout from the virus, producers led by Saudi Arabia and Russia embarked on a war for market share and pledged to pump more.
Companies: TGL TXP VLU EGY GTE CNE DGOC ENQ SQZ UKOG TRIN TLW PHAR
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
Against the backdrop subdued commodity pricing, JKX has delivered another robust set of annual results. Yesterday’s FY19 figures show a 9.5% yoy increase in revenues, coming in at the upper end of guidance, and a 116% increase in PBT to US$30.4m. Operationally, FY19 was an active year for JKX, delivering material value accretive barrels to the company’s production base in the Ukraine, whilst declines in Russia at Well 20 have been largely offset by Wells 18 and 5. The Company’s shares currently trade at only 83% of annualised cash generated from operations, underlining its deep discount to NAV therefore offers compelling value to shareholders in our view.
Companies: JKX Oil And Gas