Hybridan Small Cap Feast - 19 April 24

19th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi

Hybridan Small Cap Feast - 11/04/2024

11th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Loopup Group (LOOP.L) has left the AIM market. What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Change of Market: TheWorks (WRKS.L) a multi-channel value retailers of books, arts and crafts, stationery, toys and games,

Hybridan Small Cap Feast - 25 Mar 24

25th March 2024 @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

Goldplat (GDP) - Goldplat interims (H1 FY24) for the period ending December 2023

Goldplat is a precious metal producer from the by-products of mining and plant clean-up with plants in South Africa and Ghana and a process to purchase a warehouse in Brazil. It today provides its interim figures for H1 FY2024 (ending Dec 2023). Eps is reported at 0.7p/sh (from 1.0p in H2 FY2023). Despite the headwinds in period from electricity issues in South Africa, slow turnaround from smelters in Europe, lower-than-expected gold in the gravity circuit in SA and sell down of inventory in

Goldplat plc (GDP) – Q2 results. Good and bad

A disappointing quarter from South Africa which has usually been a very steady operation for Goldplat. We expect the problems in the quarter not to be a regular occurrence, given the long history of profits, but we reduce our FY expectations from a Gross Profit of £9.5m to £7.5m reducing our eps from 2.0p/sh to 1.0p/sh, which still leaves £1.5m in cash by year end. We will look to update our numbers when we have more clarity on the timing of the re-processing of the TSF and any update on the c

Hybridan Small Cap Feast: 07 Feb 24

7th February 2024 @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 obje

Goldplat (GDP) - FY23 audited figures – Solid plans and consolidating year despite headwinds

Goldplat is a precious metal producer from the by-products of mining and plant clean-up with plants in South Africa and Ghana. It today provides its final year figures for FY2023 (year ending June 2023). Eps is reported at 1.7p/sh (from 2.1p in FY2022). FY2023 was a successful year despite headwinds from electricity issues in South Africa, slow turnaround from smelters in Europe and a delay in the export licence in Ghana. Goldplat made the most of its flexibility and delivered a Group profit

Hybridan Small Cap Feast - 10 Nov 23

10th 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

Goldplat - Q1 2024 update

Goldplat today provides an update on its Q1 operating update for the period ending September 2023. Goldplat recovers gold and other precious metals from the wastes produced as a result of mining, operating two recovery plants: one in South Africa and one in Ghana. Today's results are strong with operating profit of £1.87m for the quarter (£1.92m in Q1 2023 and last quarter Q4 2023 of £1.19m) with £0.76m from South Africa (£0.98m / £0.75m) and £1.11m (£0.97m / £0.44m) from Ghana. Goldplat retaine

Goldplat - Operating results for the quarter ending 30 June 2023

Goldplat, the Mining Services Group with operations in South Africa and Ghana, today reports operational results for the quarter ending 30 June 2023.

Goldplat plc (GDP) – Corporate – Management and operational update

Goldplat, the gold recovery business with operations in South Africa and Ghana, today reports that Douglas Davidson, an experienced operations manager and metallurgical engineer has joined the Group management team. Further, a decision has been made to acquire diesel generators that will maintain South African operations during power outages on the national grid. In Ghana the Gold Recovery licence has been renewed and gold exports have commenced.

Hybridan Small Cap Feast - 05 May 23

5th May 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 objective

Bens Creek (BEN) – Corporate – Second Highwall miner in operation

Bens Creek today updates us on its second highwall miner (HWM) which is today in production. HWM (No. 77) arrived onsite 8 weeks ago and after assembly and modification of site infrastructure just could not be commissioned – software and electrical problems were insurmountable. So, a replacement HWM was found (No. 81), brought to site on the 1st May, assembled yesterday and will be in production today. Bens Creek will be running two HWMs and we anticipate able to make its target production aft

Goldplat plc (GDP) – Corporate – Q3 Operating results (to March 2023)

Goldplat, the gold recovery experts, announces today its Q3 update. Profit from the two operating units (one in South Africa and one in Ghana) was £1.5m in Q3, down from the same period last year at £2.3m. For the 9 months Goldplat has generated £4.8m in operating profit ($6.0m). Goldplat reported cash of £2.8m at period end.

Trinity Exploration and Production - Reserves Reduction but Solid Core Business

Trinity has announced a c28% reduction to its 2P reserves following a YE23 review. Despite the decrease in the Company’s 2P reserves, Trinity’s core business remains robust, with a reserves/production ratio of >12.5 years at YE23. Whilst there is significant potential for growth within the current portfolio, this will be difficult to unlock from the current balance sheet and we believe further financing will be required. We update our target price to 76p (from 202p), a c85% premium to the curren

Alien Metals - Hancock Project, Mining Lease Granted

Alien today reports intraday that the Western Australian Government has granted a mining licence for the Hancock iron ore project for a 21-year term. The granting of the mining licence is the latest milestone delivered by Alien as it advances the project towards development and production.

SP Angel Morning View: Copper prices hit $9,700/t as China smelts concentrates for zero charge Tc/Rc

SP Angel Morning View: Gold resilient as US interest rates climb on long-term inflation concerns

NextSource Materials - Initiation

NextSource is uniquely positioned to build a leading vertically integrated position, ex China, in the supply of Lithium-ion battery anode material which is essential for the Energy Transition. The company is commissioning phase 1 of its world-class Molo graphite mine in Madagascar and is in the final permitting process for its first Battery Anode Facility (BAF) to be located in Mauritius. The company is backed by Vision Blue, established by Sir Mick Davis, former CEO of Xstrata. On our calculat

I3 Energy (I3E LN) - Canada royalty assets sale

I3 has announced the sale of the majority of its royalty interests in Canada, for US$24.8m cash. This allows the company to fully repay amounts drawn on its debt facility and create a working capital surplus, giving I3 significant additional funding flexibility going forward

Jubilee Metals - Operational Update Q3 FY2024

Jubilee today reports its Q3 and third quarter operational results from its expanding operations in Zambia (copper) and South Africa (chrome and PGM). South Africa is on a growth trajectory with record chrome production of 409kt in the quarter (Q2 FY2024 381kt) and a monthly record in March of 145kt and production YTD of 1.13Mt (0.94Mt). Jubilee is well underway to its annual target capacity of 2,1Mt/yr especially with the new 300kt/yr chrome plant at Thutse expected to be operational in August

DEC FY23 Results Update

DEC reported FY23 results which were in line with expectations and announced the acquisition of joint venture assets from Oaktree along with an updated capital allocation framework.

Almonty Industries Inc. (TSX: AII) – Building Global-Scale Tungsten Mine, Ensuring Critical Mineral Independence

Almonty Industries Inc. (TSX: AII, ASX: AII, OTC: ALMTF, FRA: ALI) (“Almonty” or the “Company”) is a multi-asset owner that develops and operates tungsten projects. Its assets include development projects and a producing mine. Sangdong, Global-Scale Tungsten Asset: The Company's key growth driver is the Sangdong Tungsten Project, one of the largest tungsten projects in the world and a formerly producing mine. The project has top-quartile projected grade and recovery rates, and a large resourc

LIBERUM: New Energy Nuggets: Hydrogen - the future is green

Zeus Top Picks for 2024 - 2023 review and outlook for 2024

On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div

Gulf Marine Services (GMS LN) - Contract award

GMS has announced a new contract award, at improved day rates, adding to order book and overall revenue momentum.

The time has come!

In the next six months, Aminex (AEX) will embark on a development programme that will see the company become a producer and free cash flow (FCF) generator. Between drilling the new Chikumbi-1 well (CH-1), re-entering the existing two wells, processing of the new 3D seismic, signing a GSA, and reaching first gas, there will be plenty of milestones in 2023 to, in our view, gradually “guide” the market towards recognising a full value for the targeted initial 60mmscf/d gross production in late 2023

Is there a “big-picture” change in the cards?

We note that this morning’s announcement by Aminex for a significant potential resource increase in the Ruvuma basin. We believe that the recent pullback in the share price (likely due to delays in the first gas production schedule) provide a good risk/reward opportunity, especially given the future potential in next 12-24 months, highlighted by today’s announcement.

Tungsten Industry Overview

Tungsten Industry Overview