Hybridan Small Cap Feast - 28/11/2023

28th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj

Alien Metals - Setting the foundations for operations at the Hancock DSO project

Alien and the Iron Ore Company of Australia (IOCA), continue to lay the foundations for operations at Hancock, one of its direct shipping iron ore (DSO) projects in Western Australia. Progress made to date ensures that, should a positive investment decision be made following the conclusion of Definitive Feasibility Studies (DFS), Hancock will be in operation and generating cashflow soon after capital is invested.

Hybridan Small Cap Feast 04/10/2023

Dish of the day Joiners: No joiners today. Leavers: Inland Homes, Fulcrum Utility Services and DWF Group have left AIM. What’s cooking in the IPO kitchen?** Announced ITF 12 July: Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Admission expected on 10 October. Announ

SP Angel Morning View: Metals pull back on collapsing global bond markets

Hybridan Small Cap Feast - 20 Sep 23

20th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob

Alien Metals - Significant intersections of Direct Shipping Ore at Hancock iron ore project

Alien today reports the final tranche of assay results for the recent drill programme completed at the Hancock iron ore project, Western Australia, in which it has a 90% interest. The results are an improvement to the first set of results (RNS 20.07.2023) and the current indicated and inferred resource estimate - 9.1Mt grading 60.3% iron.

Alien Metals - Pinderi Hills update

Alien announces today that following months of data compilation and ground work it is seeing the potential for an opportunity to define zones of high-grade polymetallic mineralisation in the Pinderi Hills area in western Australia. The project area comprises the formerly operating Elisabeth Hill silver mine and the defined Munni Munni PGM resource and potential in other drilled zones that all demand a follow up.

SP Angel Morning View: China cutting mortgage rates to support slowing economic growth

Alien Metals (UFO) - Preferred construction and operations contractor secured

The selection of REGROUP as the preferred contractor is yet another positive step as Alien looks to establish a low-cost high-margin direct shipping iron ore operation at Hancock. Both parties will work together to develop cost estimates for key project components that will feed into the Definitive Feasibility Studies.

Hybridan Small Cap Feast - 18 Aug 23

18th August 2023 The Hybridan Team will take a well earned break today for a few weeks. Back on 4 September. Enjoy the Summer! @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connec

Alien Metals (UFO) - New management team with significant development experience

Alien, via its wholly owned subsidiary, Iron Ore Company of Australia (IOCA), is focused on advancing its direct shipping iron ore (DSO) projects in its priority project in the Pilbara region of Western Australia. Late last week (RNS 4.8.2023) Alien announced a new Board and a strengthened management team, with a skill set we see as well suited to the Hancock iron ore project, the priority project which could be producing cash flow for Alien within 12 months. The new team brings with it consider

Hybridan Small Cap Feast 04/08/2023

4th August 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Alien Metals - Confirmation of direct shipping ore potential at the Hancock Project

Alien, via its wholly owned subsidiary, Iron Ore Company of Australia (IOCA), is focused on advancing its direct shipping iron ore (DSO) projects in its priority project in the Pilbara region of Western Australia. Subject to securing funding, the low-cost, high-margin, projects could be generating revenues in the near term.

Alien Metals - Infill drilling results for the Hancock iron ore project

Alien is advancing a portfolio of quality projects in mining friendly jurisdictions. Its focus is firmly on advancing Direct Shipping (DSO) iron ore projects in the Pilbara in Western Australia. The DSO projects require minimal capital, offer healthy margins and, in our opinion, represent realistic near-term cash flow generating value. Fenix (ASX:FEX N/R) has demonstrated the DSO model with the rapid development of DSO mines in Western Australia.

Alien Metals (UFO) – Corporate – Renegotiation of Mallina acquisition

Alien reported on Friday (RNS 05.05.23) that it has renegotiated its agreement to acquire E 47/3752, a strategic tenement, from Mallina Exploration Pty Ltd. The tenement is adjacent to Alien's Hancock Iron Ore Project in Western Australia and is operationally significant as it facilitates direct access to the Great Northern Highway and onwards to Port Headland, the optimal route for Hancock's direct shipping ore. The Mallina tenement more than doubles the landholding of the Hancock Project. Alie

Jersey Oil & Gas - Delivering zero-capex barrels

Last week, JOG successfully secured its second GBA farmout, locking in a path to delivering zero-capex barrels. The surprisingly muted share price response to the farm-out leaves JOG trading at an unjustifiably large discount to our valuation. With a material fully funded development project under its belt and a clean balance sheet, JOG presents a very low-cost way to access high quality development barrels for investors and potential acquirers alike. If the threat of M&A does not narrow JOG’s v

Morning Note – 28 November 2023

Longboat Energy plc (AIM: LBE): All eyes on 2024

• With the acquisition of interests in Sygna and Statfjord Øst expected to complete in January, the process to establish a stable well-funded producing business in Norway is almost complete. FY23 production at Sygna and Statfjord Øst net to Longboat Norge is ~250 boe/d. • The acquisition of 49.9% of Longboat Norge by JAPEX in 2023 provides low cost capital and access to a strong balance sheet to develop further the Kveikje area and make acquisitions at no further dilution to Longboat plc. • With

Clean Power Hydrogen - Revised agreement with ATOME

CPH2 and ATOME have reached a mutual agreement to cease the previous production order made by ATOME. The CPH2 Board of Directors considers it is in the Company’s best of interests to focus its engineering and installation resources in ensuring roll out Membrane Free Electrolysers with current partners Fabrum Solutions Limited, KCA Deutag and, Northern Ireland Water. As part of the agreement, Molecular Energies has requested, and CPH2 has agreed to, a non-binding framework agreement with G-Mobili

Oil & Gas - Cavendish sector note

Jersey Oil & Gas, Serica Energy, Trinity Exploration & Production, Longboat Energy, Ithaca Energy, Neptune Energy, Pantheon Resources, Nostrum Oil & Gas, Kufpec, ORLEN.

UK-Listed Energy Sector: Review of the UK oil and gas landscape – why the country needs it, current policy and tax

The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.

Strong second half trading

i3 Energy - What-if analysis run at WTI $60/b and US natural gas at $2.50/mmbtu

A summary of our hypothetical “Car Crash” commodity price scenario analysis is outlined in Table 1, which provides increased confidence, we believe, in i3 Energy's capacity to fund its dividend under adverse conditions. Notably, the dividend yield is an attractive 10.3%. Effectively, our analysis reinforces our view that i3 Energy is mispriced. Details for our “Car Crash” commodity price scenario are provided in Tables 2, 3, 4 and 5. We reiterate our 20.9p fair value estimate, which is premised

Greenfield Exploration Programme Update – Palito Complex

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer released an update on its Greenfield Exploration activities in its Palito Complex. The exploration activity has been undertaken as part of the Exploration JV with Vale SA. The update from the announcement today reflects the high prospectivity of the Palito complex. During the year, the company ran a programme of collecting 5,5k soil samples which have increased their first-pass surface geochemistry coverage

SP Angel Morning View: Iron ore rises to $135/t as steel inventories fall

SP Angel Morning View: Metals prices rise on rising China GDP and ongoing economic electrification

SP Angel Morning View: Nickel prices jump following stainless steel price rise in China

Tlou Energy (TLOU LN) - Lesedi-6 well first gas flows

Tlou has reported first gas to surface from its Lesedi-6 well, representing the fastest time between beginning dewatering and flowing gas for any Lesedi well to date, and helping underpin gas supply for first electricity sales in 2024.

First diamond hole delivers the goods and more…

Assays have been received for the first of the three deep diamond drill holes recently completed at the company’s Pitfield project in Western Australia. As foreshadowed by the core logging and portable XRF, the assay data now confirms that the entire length of hole #1 is indeed titanium mineralised.

TENNYSON Energy Research - Falcon Oil & Gas - The final countdown