SP Angel Morning View: Gold holds steady as dollar sell off pauses as investors gauge strength of US economy

SP Angel Morning View: Gold rebounds after stronger US retail sales weigh on rate cut hopes.

Hybridan Small Cap Feast - 16 August 24

16th August 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, or it is a rumour Dish of the day Admissions: None Delistings: Chaarat Gold Holdings (CGH.L) has delisted from AIM What’s baking in the oven? ** Reverse Takeovers: Earnz plc (EARN.L) is an AIM Rule 15 cash shell which is required to make an acquisition or acquisitions which constitute a reverse

Anglesey Mining - The Northern Copper Zone is shaping up to underpin enhanced mine plans and project economics for Parys Mountain

Anglesey recently reported the assay results for the third drill hole completed at its' Parys Mountain project. Drilling has confirmed the continuity and scale of the Northern Copper Zone (NCZ) which we believe is likely to contribute significant volumes of high-grade ore to mine plans in on-going feasibility studies. Surging metal prices and increased volumes will, we believe, contribute to significantly enhanced project economics once feasibility studies are reported.

SP Angel Morning View: Copper jumps over $10,000/t to near 10-year high on rising confidence

Hybridan Small Cap Feast - 18 April 24

18th 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: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for

Anglesey Mining - The case for Parys Mountain, the UK's largest polymetallic deposit

The Parys Mountain VMS deposit was first mined centuries ago and was the largest copper mine in Europe during the mid-1700s. Last commercial production was recorded in 1910, however, as Anglesey advances the deeper resources of the project through feasibility studies there is an increasing sense that Parys Mountain has much more to give. We look today at why we feel Parys Mountain is misunderstood and underappreciated. Drilling is currently concentrating on the Northern Copper Zone (NCZ), though

SP Angel Morning View: Nickel shows signs of life as Indonesian exports slide on permit approval delays

Hybridan Small Cap Feast - 20 Feb 24

20th 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 obj

SP Angel Morning View: China rate cut to stimulate new demand and support housing market

Hybridan Small Cap Feast: 19 Jan 24

19th January 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

SP Angel Morning View: Copper Tc/Rcs fall to $20/t/20c on disruptions to copper supply in Panama, Indonesia, Peru and Chile

Anglesey Mining - Parys Mountain drilling returns strong assays including 22m grading 3.7% CuEq

Anglesey today reports the first assay results generated from the drill programme at its polymetallic Parys Mountain project in Anglesey, Wales. Results from drill hole NCZ001 include; from the Garth Daniel Zone - 22m grading 2.3% copper, 2.8% zinc, 1.3% lead, 5g/t silver, and 0.03 g/t gold from a depth of 559m (copper equivalent 3.7%), and from the Northern Copper Zone – 63m grading 0.6% copper and minor zinc, lead silver and gold from depth of 362m (copper equivalent 0.7%).

SP Angel Morning View: Gold holds steady before major US labour data guides Fed cutting cycle

SP Angel Morning View: Gold resumes uptrend as job openings and Fed beige book boost recession trades

Gulf Marine Services (GMS LN) - H1 2024 results

GMS has released its H1 2024 results to the end of June. These report another strong period as the company has continued to generate cash flows from its business and de-lever its balance sheet. Going forward, we continue to look for more new contracts, ongoing cash generation, and further details on shareholder returns and growth initiatives.

Cash tight in 2024, but Kouroussa now producing

SP Angel Morning View: Base metals hold steady whilst speculation over China mortgage support resurfaces

SP Angel Morning View: Copper rebounds as dollar weakens whilst iron ore slumps

Hybridan Small Cap Feast - 6 September 2024

6th September 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, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email enquiries@hybridan.com with “unsubscribe me”. Hybridan Chefs research@hybridan.com Banquet Buffet*** Camelli

Criterium Energy Ltd (TSX-V: CEQ): Debt agreement frees up US$1.5 mm. Increased netbacks. Further payment for Bulu

• 2Q24 production was 812 bbl/d. Criterium held ~C$6 mm in cash at the end of June. These figures are in line with our expectations. • 2Q24 operating costs per bbl have been reduced by 7% compared to 1Q24. With the MGH-40 & MGH-43 wells scheduled to spud imminently and expected to add 150-200 bbl/d each with minimal added variable cost, per bbl operating costs are expected to decrease by a further 30%. • We continue to forecast that Criterium will exit 2024 with ~1,250 boe/d production. At this

AUCTUS ON FRIDAY - 06/09/2024

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price C$5.80 per share: Initiating coverage – Condor Energies is a ~US$75 mm market cap TSX-listed company focused on low carbon and energy transition opportunities in Central Asia. Condor was transformed in 2024 by the acquisition of >10 mboe/d production of natural gas in Uzbekistan. The key value driver for the shares is the imminent sanction of Condor’s 1st liquefaction plant in Kazakhstan to conve

SP Angel Morning View: Commodity sell-off continues as Bank of Japan hints at further rate hikes and recession fears resurface

Hybridan Small Cap Feast - 22 May 24

22nd May 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, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t

Zeus Industrials Round-up - 14 August 2024

In a volatile period for stock markets, the UK industrial sector has continued its steady improved performance. Manufacturing PMI data reached a two-year high of 52.1 in July with optimism reaching the second-highest level in the survey this year. Inflation remained at 2.0% in June which, coupled with promising labour market data, led the MPC to reduce the base rate by 25bps to 5.0%. Although challenges such as supply chain disruption and economic volatility still remain, the sector’s improving

Southern Energy (SOUC LN) - Disciplined for Growth

Based on the steeply strengthening futures curve for natural prices (see Summary sheet), we believe that Southern Energy’s period of capital discipline will evolve into a period of growth as rising natural gas prices encourage organic growth via drilling.

PetroTal (PTAL LN) - Well 20H drilling update

PetroTal has provided an update on drilling of the 20H development well on its Bretana field in Peru, where progress is now being made on investigating the producibility of the upper VS1 sand, alongside the main producing VS2 sand.

Morning Note – 24 July 2024