Cadence reports today that it is one step closer to tidying up the ownership of the Amapa iron ore project in Brazil as it has received confirmation from the secured bank creditors that they have obtained approval from their credit committees with respect to the proposed terms of the settlement agreement. A final stage of due diligence is now required and then the commercial court in Sao Paulo can be notified and the process by which the JV between Cadence and its partner Indo Sino will own 99.
Companies: Cadence Minerals PLC
Cadence provide an update today on the Amapa iron ore project in Brazil now that the export of the first $10m of iron ore from the stockpile is nearly complete (the fourth and final shipment is expected to be sent in August). The Amapa JV (DEV Mineração) has appointed contractors to start a prefeasibility study into the rehabilitation of the Amapa processing plant, the railway and port using some of the cash generated from the iron ore sale. A further $10m part of the stockpile can also now be
Saietta Group (SED.L), has joined AIM. Saietta, is a UK company that has developed an innovative AFT electric motor (a design of axial flux motor), designed to deliver class-leading performance for its target markets whilst being low cost and built for mass market production. Saietta's initial target market is the high volume, fast growing lightweight mobility market including motorcycles in Asia. The Company and the Selling Shareholders have successfully raised gross proceeds of £37.5m. Mkt Cap
Companies: 7DIG AAU BBSN KDNC CHRT ECR NYR SEE STAR STCM
Cadence today announces that it will begin shipping iron ore from its 1.4Mt stockpile this week. A first shipment of 45kt of iron ore from the port site will be exported to allow for a $10m profit. The profit will be used to 1) settle the “small” and employee creditors ($2.5m); 2) begin recommissioning studies in the Amapa iron ore mine itself ($6m)and; 3) the remaining ($1.5m) for working capital for the Cadence JV (DEV Mineração S.A - between Cadence and its partner Indo Sino Pty Ltd) for lo
MAST Energy Developments (MED) is to IPO on the Standard List on 14th April 2021 under the ticker MAST. The company has raised £5m giving a market capitalisation on listing of c. £23 million. MED is currently a 100% subsidiary company of AIM quoted, Kibo Energy*. MED was established to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market. PensionBee, the online pensions provider, with a mission to make pe
Companies: CRTM ZPHR CER KRS DEST KDNC HAYD OKYO ABDX ADME
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7m by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intends to IP
Companies: SBI OCI IDOX ROL JAN BSE PXS SHED TSG KDNC
Looking Ahead At The Next Week
Cadence today announces an update on the settlement with the secured creditors in Amapá which has been agreed in principle but is still subject to final ratification. The legal drafting of the settlement agreement and supporting documents continues. Once executed, Cadence will make its initial $2.5m investment in the Amapá Project (cash is currently held in escrow) and will become a 20% shareholder in the Amapá Project via a joint venture company (in JV with Indo Sino Pty), which will own 99.9
Solid State is a manufacturer of computing, power and communications products, and value added distributor of electronic components. This morning, the group has provided a further update on trading in light of the present COVID-19 backdrop, ahead of full year results to 31 March 2020 due to be released on 30 June.
Cadence today provides and update on the Amapá iron ore project in Brazil. The Amapá JV (EV Mineração S.A.), in which Cadence can earn an initial 20% of the project, is understood
Companies: KDNC CSSG SOLI
A month on from JIM's last update to the market, this morning's RNS fills us in on developments post-Covid-19, highlighting (1) robust implementation of disaster recovery plans, with safe working taking place for the most part off-site, (2) the post-election increase in trade volumes continuing in recent weeks on the back of Covid-19-inspired volatility, and (3) interim dividend to be paid, as previously announced, around June 11th.
In some potentially game-changing news released today by C
Companies: Cadence Minerals PLC (KDNC:LON)Jarvis Securities plc (JIM:LON)
Cadence Minerals (KDNC) – Corporate – Reinstatement of Railway concession at Amapá
DNEG Limited One of the world's leading digital visual effects, animation and stereo conversion companies for feature film and television.The Offer will be comprised of new Shares to be issued by the Company (to raise expected gross proceeds of £150m). Admission is expected to take place in November 2019.
Zaim Credit Systems— Zaim currently provides loans of up to Russian Roubles 30,000 (£375) to retail customers through its network of just over 95 sites predominantly in Moscow. Looking to rai
Companies: THR MHC CCS INTO PPH PRM BST SAE LEK KDNC
Cadence Minerals is at a crossroads with an extraordinary opportunity to gain a significant share in an advanced brownfield restart of an iron ore mine. The move from Investment Company to a company holding a JV in an operating mine (generating significant revenue, profits and cash flow) could be transformational for the fortunes of this AIM-listed junior. The Amapá iron ore mine was previously closed after a port failure during the last decline in iron ore prices. Before this it had been operat
A busy summer for Cadence sees it at the point where it can begin to see the restart of the Amapá iron ore mine project in Brazil. The Judicial restructuring plan (JRP) was passed by over 90% of creditors present and now accredited by the commercial court of São Paulo the JV will own 99.9% of the Amapá Project. This will also unlock Cadence’s investment of $2.5m for a 20% stake in the JV, to be followed by a further $3.5m investment to take its stake to 27%. There are ready stockpiles at Amapá (
Cadence Minerals (KDNC LN) – Yangibana rare earth joint venture signs second offtake MOU with Schaeffler AG | Strategic Minerals* (SML LN) – AGM, presentation and shareholder evening at Rutland Arms next Tuesday | Thor Mining* (THR LN) – Pilot Mountain metallurgical tests
Companies: SML THR KDNC
Research Tree provides access to ongoing research coverage, media content and regulatory news on Cadence Minerals PLC.
We currently have 32 research reports from 6
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Across a broader market sell off EQTEC have shown resilience and is trading at 1.55p, above its placing in May, up 25% from one month ago.
Companies: EQTEC PLC
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
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What’s cooking in the IPO kitchen?
Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
West Newton planning update
Companies: Union Jack Oil Plc
Harland & Wolff (H&W) has raised £8.2m gross through a placing and PrimaryBid at 20p to secure its next stage of growth. Over the past two years, H&W has acquired a series of strategically important assets across the UK, and is proceeding to convert its pipeline opportunities into contracts. The positive recent announcement that DAERA would award the full marine licence for Islandmagee represents a significant milestone in allowing H&W to monetise this asset, with management estimating that sale
Companies: Harland & Wolff Group Holdings PLC
Trinity has received FDP approval from the Ministry of Energy and Energy Industries (MEEI) for the Phase 1 development of the Galeota licence. The submitted development plan has the potential to add additional peak production of c4,000 bopd; however more recent modelling suggests that intra-year peak production could be significantly higher, up to 7,000 bopd. Whilst the current development concept comprises the installation of a low-cost eight well platform (Echo), we note that Trinity is also w
Companies: Trinity Exploration & Production Plc
European gas prices are never far away from the headlines at the moment, although Parkmead’s results to end-June did not capture this surge in prices – that is yet to come. Parkmead is well placed to benefit from the current strength in European gas prices, while the potential for another commodity super-cycle suggests there is further progress to come on its major GPA oil project. A strong net cash position also puts it in the driving seat for potential acquisitions.
Companies: Parkmead Group PLC
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today announced a drilling update on its West Kenya Project (WKP) based on its Phase 2 drilling program which aims to infill 17 modelled zones across both Isulu and Bushiangala deposits up to 450-500m below surface. The Company has also reported drilling results from a regional exploration target, Ramula, where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451m
Companies: Shanta Gold Limited
Savannah Energy’s shares have been suspended since 2 June when it announced the reverse takeover of ExxonMobil’s Chad and Cameroon oil business. Investors have been frustrated by this long suspension but, nevertheless, Savannah has delivered a positive financial and operating update that demonstrates its core Nigerian gas business is performing strongly, with 2P reserves upgraded by 27% and FY21 guidance reiterated. The maximum six-month suspension of the shares comes to an end soon and we shoul
Companies: Savannah Energy Plc
Last week, as part of Diversified's Capital Markets Day, CEO Rusty Hutson and the Diversified senior leadership team provided investors with an in-depth overview of the Company's strategy and operations, with a specific focus on the Company's Environmental, Social and Governance (ESG) initiatives. Some of the key takeaways include US$15m of additional investment from 2022 on emission reduction activities and equipment. Mid-term plans (2023-2026) include plans to curb Scope 1 methane emissions in
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Q3 2021 results
Companies: Arrow Exploration Corp.
Atlantic Lithium* (ALL LN) – Shareholders approve demerger of gold assets
Castillo Copper (CCZ LN) – Extension of options to acquire the Litchfield and Picasso lithium projects
Cornish Lithium (Private) – $18m funding package secured from TechMet
Hochschild (HOC LN) – Shares rise as government appears to back away from closure plans
Hummingbird Resources (HUM LN) – Updated mineral reserves extend Yanoflila LOM and delivers maiden estimate at Kouroussa
Phoenix Copper* (PXC LN) – Deep drilli
Companies: HOC HUM PXC PREM CCZ ALL