Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Uru Metals. We currently have 35 research reports from 4 professional analysts.
Arc Minerals* (ARCM LN) STRONG BUY – Financial results to end March 2019 | Bushveld Minerals* (BMN LN) BUY – Valuation 80p – Tanya Chikanza appointed as Finance Director of Bushveld Minerals | Caledonia Mining (CMCL LN) – Quarterly dividend | MOD Resources (MOD LN) – Overwhelming shareholder approval for Scheme of Arrangement | Peak Resources (PEK AU) – Ngualla transaction “not fair but reasonable” | Strategic Minerals* (SML LN) – Interim results | Orosur Mining* (OMI LN) – Continental Gold expect mechanical completion of the giant Buriticá gold project for Q1 2020 | Shanta Gold (SHG LN) – Drilling potentially to add new ounces to the NLGM MRE | URU Metals* (URU LN) – Results to March 2019 highlights enthusiasm for the Zebediela pgm project in South Africa
Companies: ARCM bmn CMCL MOD PEK SML OMI SHG URU
Altus Strategies* (ALS LN) – Quarterly update | Premier African Minerals* (PREM LN) – Clarification on Circum Minerals | URU Metals* (URU LN) – Progress report on Zebediela permitting
Companies: ALS PREM URU
Acacia Mining (ACA LN) – Barrick makes progress in discussions with Tanzanian Government | Bushveld Minerals* (BMN LN) BUY – Target price 90p – Vametco ore reserve grade rises to 2.02% as reserve more than doubles to 279,100t of V2O5 in magnetite | Greatland Gold (GGP LN) – Newcrest Mining starts drilling at Havieron | IronRidge Resources* (IRR LN) – Metallurgical results yield premium lithium | URU Metals* (URU LN) – Zebediela project update
Companies: ACA bmn GGP IRR URU
Beowulf Mining* (BEM LN) – Interim financial results and management update | Bushveld Minerals* (BMN LN) – BUY, Target Price 87p – Bushveld Energy Q3 Operational Update | Hummingbird Resources (HUM LN) – Operational update and 2019 update | KEFI Minerals* (KEFI LN) – £4m convertible facility update | Talga Resources* (TLG AU) – Talga graphene boosts composite conductivity
Companies: BEM bmn HUM KEFI TLG RIO URU
Kodal Minerals* (KOD LN) – Drilling shows 30m grading 1.51% Li2O and assays of up to 3.6% in shallow veins at Sogola-Baoule | Solgold* (SOLG LN) Mkt Price & MV - Further drilling results from Alpala | URU Metals* (URU LN) – URU share consolidation proposal
Companies: KOD SOLG URU
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
Kropz PLC—an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana. Looking to join AIM, offer TBC, market cap TBC. Due Late October. Azalea Energy—oil and gas production and development company based in Louisiana, United States. Net production of 13 MMcfe/D (2,200 boepd) and total 1P proved reserves of 91 Bcfe (15.1 mmboe), 2P reserves of 111 Bcfe (18.5 mmboe) raising up to $38m, expected mkt cap over $100m. Due 29 Oct Summerway Capital investing company established to acquire companies or businesses which the directors of the Company believe have the potential for strategic, operational and performance improvement so as to create shareholder value. Offer TBC, market cap TBC expected 19 October Admission is being sought as a result of the proposed RTO of Cambian Group plc following completion of the acquisition by CareTech a leading provider of specialist social care services, supporting adults and children with a wide range of complex needs. No raise, market cap TBC expected 19 October. Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due late Oct Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.
Companies: VAST DRV KAPE SMRT NKTN G4M ARCM VNET AEG URU
African Battery Metals (ABM LN) – project update on Ivory Coast nickel, cobalt and chrome project | Arc Minerals* (ARCM LN) – STRONG BUY – Drilling shows higher copper grades over good intersections from surface | Anglo American (AAL LN) – De Beers sees continuing US demand for diamond jewellery | Rio Tinto (RIO LN) – Q3 production results highlights copper | SolGold* (SOLG LN) – BHP invests a further US$45m in Solgold at a premium to market | Talga Resources* (TLG AU) – Talga anode enables ultra-fast charge battery | URU Metals (URU LN) - contact to nickel-PGM mineralisation identified | Vast Resources (VAST LN) – Baita association license secured
Companies: POW ARCM AAL RIO SOLG TLG VAST URU
Bluejay Mining* (JAY LN) – STRONG BUY, Target 45p – Bluejay find new value in two stage processing of titanium mineral sands | Europa Metals Limited (EUZ LN) – Completion of reverse-circulation drilling at the Toral zinc, lead, silver project in Spain | MOD Resources (MOD AU) –Drilling results from the A4 Dome | Metal Tiger (MTR LN) holds a 30% joint-venture interest in the project | URU Metals Ltd* (URU LN) SUSP – Final Results Vanadium prices rise further as market continues to strengthen
Companies: JAY EUZ MTR URU
Arc Minerals* (ARCM LN) – Drill results indicate significant scale copper project at Kalaba, Zambia | Beowulf Mining* (BEM LN) – SP Angel as Nomad and Broker | Bushveld Minerals* (BMN LN) BUY - Target Price 34p – Vanadium prices continue to edge higher | Crusader (CAS LN) – Stock suspended | Jangada Mines (JAN LN) – Environmental permit for trial mining | KEFI Minerals* (KEFI LN) – ANS signs binding agreement regarding up to $38m project funding | Phoenix Global Mining* (PGM LN) – US OTC listing | URU Metals Ltd* (URU LN) – Temporary suspension of trading on AIM | Vast Resources (VAST LN) – Final results
Companies: ARCM BEM bmn CAS JAN KEFI PXC VAST URU
MOD Resources (MOD AU) –Amended resource estimate for T3 | Metal Tiger (MTR LN) - holds a 30% joint-venture interest in the project | Shanta Gold (SHG LN) – Drilling at Bauhinia Creek update | SolGold* (SOLG LN) – Ten priority targets identified in Ecuador | Tri-Star Resources* (TSTR LN) – Repayment of Loan Notes | URU Metals (URU LN) – Geophysics and geochemistry follow-up programmes at Zebediela
Companies: MTR SHG SOLG TSG URU
Electrifying aviation motivated by cost-saving potential and environmental implications – whilst electrification is profoundly impacting the automotive industry, there is a growing case for electrification in the aerospace industry. 40% aggregate powertrain energy cost saving potential, combined with clean sky initiatives is driving expanding research and investment across the sector. Rising urbanisation is creating congestion solutions focusing on electric Vertical Take-off and Landing (eVTOL) innovate technologies.
Companies: AMC AAZ JAY bmn GEO KOD MKA SOLG POW URU PXC
Avocet Mining (AVM LN) – Sale of Wega Mining | Capital Drilling (CAPD LN) – Rig rates and sales recover as exploration activity grows | Phoenix Global Mining* (PGM LN) – Increasing our valuation as a result of recent nearby cobalt transaction | Premier African Minerals (PREM LN) – Placing to cancel Death spiral warrants | URU Metals (URU LN) – Platinum Group Metals seen in Nickel, copper intersections at Zebediela project
Companies: AVM CAPD PREM URU PXC
African Battery Metals* (ABM LN) 0.05p, Mkt Cap £3.2m – Exploration update on the Kisinka cobalt project in DRC | Ariana Resources (AAU LN) 1.3p, Mkt Cap £13.8m – 2018 production guidance for Kiziltepe | Metminco (MNC LN) .016p, Mkt Cap £2m – Amended rights issue timetable | Stellar Diamonds (STEL LN) 7.3p, Mkt Cap £4.5m – Offer for Stellar Diamonds confirmed by Newfield Resources (NWF AU) | URU Metals (URU LN) 0.9p, Mkt Cap £7m – New NED and new Nomad and broker appointment
Companies: AAU MNC STEL POW URU
Clean Invest Africa—Introduction due around 14 Nov. Vehicle established to identify investment opportunities and acquisitions in renewable and clean energy projects/companies or alternative technologies that are used in a socially and environmentally responsible way that will aid the development of the African continent, Boku - Independent direct carrier billing company. Revenues were up 21% to US$10.2 million in HYJun17 . Q32017, revenues grew to US$6.5m, up by 44% . The Company also saw continued growth across all of its key metrics: user numbers, total payment and a positive adjusted EBITDA for the month of September 2017. Due 20 Nov. Offer TBA. Ten Lifestyle Hldgs. Technology-enabled lifestyle and travel platform providing trusted concierge services to the world's wealthy. Net revenue increased from £20 million in the year ended 31 August 2015 to £33 million in the year ended 31 August 2017, a compound annual growth rate of 29%. Offer and date TBA. AfriTin Mining—Demerger from Bushveld Minerals (BMN.L). Offer TBA. Due 6 Nov. The Uis Tin project (Namibia) is considered the flagship tin asset within the portfolio, as this was once the largest open cast tine mine of its kind in the world . Footasylum Ltd—UK-based fashion retailer focusing on the branded footwear and apparel markets announced its intention to seek admission to AIM. Expected value between £130m and £150m. Due Nov 2017. Central Asia Metals (CAML) -RTO of Lynx Resources. Anticipated market capitalisation at Admission: £404.8m. Raising £113m at 230p. Acquiring the SASA zinc-lead mine in Macedonia from Solway Industries. Due 15 Dec. OnTheMarket—Intention to float on AIM to raise c.£50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. OG Graphite, brownfield development-stage graphite company focused on the reactivation of its wholly-owned Kearney natural flake graphite mine and mill located 280 km north of Toronto, Canada. Offer TBA, expected mid November.
Companies: NAR OTC MPL HAT AST CSSG TOT SVCA MAGP URU
Research Tree provides access to ongoing research coverage, media content and regulatory news on Uru Metals. We currently have 35 research reports from 4 professional analysts.
|30Sep19 16:42||RNS||Final Results|
|30Aug19 07:00||RNS||Mining Right Application Update|
|06Aug19 10:35||RNS||Update on Broker|
|23Jul19 14:50||RNS||Results of shareholder analysis|
|31May19 09:14||RNS||Burgersfort Asset Re-Evaluation|
|22May19 07:00||RNS||Statement Regarding Media Speculation|
|24Apr19 07:00||RNS||Holdings in Company|
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 PARK 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
Gfinity plc* (GFIN.L, 3.625p/£18.2m) Finals: Strong FY19; major global growth opportunity (21.10.19) | Shearwater Group plc (SWG.L, 228p/£50.4m) Meeting with management: Buy and build cybersecurity play (15.10.19) |
Companies: Gfinity Shearwater Group
Government bans on new fossil fueled vehicles in many major economies are likely to drive significant growth in electric vehicles (“EVs”) over the next twenty years. This will create growth in electricity demand from EV charging. The volume of energy to be supplied creates opportunities for both supply companies and generators and the provision of charge points is already creating a new industry. However, the timing of this demand puts pressure on local distribution infrastructure. While smart charging and vehicle to grid technology offer solutions, we believe these will only be partial given likely charging behaviour and as a result there will be demand for additional grid capacity and for other solutions. These other solutions include charger located storage and distributed generation.
Companies: CNA NG/ YU/ DRX GOOD RED SMS IKA AFC
Petropavlovsk PLC (LSE: POG) has released its Q3 trading update this morning. Overall the results show that the company remains on track to hit full year production targets of 450koz – 500koz with additional upside from processing of 3rd party concentrates. With POX operations now in full swing the company was able to deliver strong growth recording a 66% increase in total gold production to 136koz (YTD 368koz) of which 48koz were from the processing of refractory ore (18koz coming from third party sources). It is likely next quarter sales will be up again as the company continues to process higher grade third party concentrate and realise gold in circuit, on top of the existing supply (we were also impressed with the recovery rates at the POX plant which are stabilising at 95%).
Warren Buffett once said that as an investor, it is wise to be ‘fearful when others are greedy and greedy when others are fearful’. Fear is not in short supply right now.
Companies: OPM ALU ANCR BLV CONN CRC STU GATC HAT LEK MMH MCB MWE NXR NTBR NOG PAF PEG RFX SRC TEF TEG TPT VTU WYN XLM
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
The Tolmount East well, 42/28d-14, in P1330, Block 42/28d (PMO 50%) in the UK Southern Gas Basin penetrated 241 ft of gas bearing high quality Leman sands with a net-to-gross ratio of 71%, porosity of 16% and gas saturation of 82%. The quality and thickness of reservoir sands encountered are at the upper end of expectations and no gas water contact was penetrated. The reservoir was encountered about 20 metres deeper than expected. The well was targeting 220 bcf of P50 gross resource that are now derisked. Project sanction is targeted for 2H20. The most likely development of Tolmount East will be through a 3 well unmanned platform tied back to Tolmount’s Main processing facilities. Market reaction: positive on potential reserves addition Our unrisked NAV for the well was £0.18/sh in the mid case.
Companies: Premier Oil
InfraStrata has made considerable progress over the past year along the road to commercialising its Islandmagee underground gas storage project in Northern Ireland. The key development has been the FEED (front end engineering and design) process. This was completed last November and de-risks the project technically. The stock is now a play on expeditiously financing the construction phase of the project. Significantly, UK government guaranteed debt financing looks like being available. The Islandmagee project has a sound rationale in terms of enhancing the security and flexibility of gas supplies in the island of Ireland. Gas storage tariffs in Europe have firmed of late from the depressed levels of recent years as the gas market has tightened and price volatility has increased. With a market capitalisation of £12.9m, InfraStrata is valued at a substantial discount to our valuation of £56m. (Peter Dupont)
This morning, Trinity released in H1/19 interim results, delivering another strong performance as the Company continues to increase base production whilst maintaining effective cost controls. Production averaged 3,008bopd for H1/19, up 9% year-on-year (YoY), generating revenues of US$32.2m on an average realised oil price of US$59.1/bbl. The Company's financial performance was impressive, with adjusted EBITDA increasing by 20% YoY to US$11.2m, facilitating a cash plus working surplus of US$22.0m at 30th June 2019. Post period, as part of Company's H2/19 drilling campaign, the Company has drilled three wells, including the Company's first High Angle Well (HAW), which successfully intersected net oil reservoir sandstone 1.5x the thickness of a conventional vertical well was prognosed to deliver on this target. The H2/19 programme will include up to eight new onshore infill wells, with drilling expected to increase base level production into 2020. We reiterate our BUY recommendation given today's strong financial and operational results.
Companies: Trinity Exploration & Production
Yesterday Sirius has announced the cancellation of its Stage 2 financing plans and the implementation of a strategic review after it failed to issue the $500m high yield bond required to unlock the full financing package. What matters for shareholder returns from here is the structure of any future financing solution and its likelihood of success.
Companies: Sirius Minerals
Petro Matad has announced results from Gazelle-1, the final well in its three-well drilling campaign in Block XX, Eastern Mongolia. The well did not encounter hydrocarbons in the Lower Tsagaantsav objective and found a thin good quality pay zone in the Upper Tsagaantsav. We valued Gazelle at 1.4p/share (out of our total 20.1p RENAV for Petro Matad). The company’s operational focus will now switch to testing the successful Heron-1 well, which established a 77m gross oil-bearing interval in a structure that has proven productive in the adjacent Block XIX.
Companies: Petro Matad
3Q19 WI production was 39,619 boe/d (GMP FEe: 41.3 mboe/d) including 31,578 boe/d in Colombia (GMP FEe: 32.2 mboe/d), 2,299 boe/d in Brazil (GMP FEe: 2.7 mboe/d), 3,358boe/d in Chile (GMP FEe: 3.8 mboe/d) and 2,384 boe/d in Argentina (GMP FEe: 2.4 mboe/d). The Guaco 1 exploration well in the Llanos 34 block (GPRK op, 45% WI) that was tested at up to c.960 bbl/d of 24.6 degrees API oil in September is now producing at a stabilized rate of 600 bbl/d with less than 1% water cut. Five new wells were tested and put on production, currently adding above 3,000 bbl/d gross, including Tigana Sur 8, Tigana Sur 14, Jacana 28, Jacana 29 and Jacana 51.
The fourth and shallowest zone at Inanli-1 was tested at a flow rate of 0.306 mmcf/d averaged over a period of ten days from a 37.6 m gross section. The rate for the final 24 hours of flow was 0.171 mmcf/d. The condensate yield was 23 bbl/mmcf over the total flowing period, but this was increasing over the course of the test and during the final 24 hours the rate was 97 bbl/mmcf. Water recovery was 98 bbl/d over the final 24 hours of flow and was declining. The flow results of the fourth test were similar to the results of the third test.
Companies: Valeura Energy
Earlier this month Obtala Limited (OBT LN)# announced a Q4 operational update, which confirmed FY 2017 timber volumes were largely in-line with our expectations and key capex items were progressing as scheduled. This morning, OBT has also announced the completion of a series of financing rounds that will provide cUS$7.5m in equity for the group’s expansion plans.