Bluejay Mining* (JAY LN) – BUY, Valuation 29.4p – Bluejay agrees jv with Rio Tinto over the Enonkoski Project in Finland
Bushveld Minerals* (BMN LN) – BUY - Valuation 37.7p – Ferro-Vanadium prices jump 11.6% in the US
Edenville Energy* (EDL LN) – Funding agreement refinanced and £900k raised
Kodal Minerals* (KOD LN) – Further progress at West African gold assets
Lucara Diamonds (LUC CN) – Karowe mine yields 341 carat diamond
Serabi Gold* (SRB LN) –Q4 production results continue modest recov
Companies: LUC JAY BMN EDL KOD SRB
Looking Ahead At The Next Week
Anglo American (AAL LN) – Production across all minerals forecast to increase by 14% in 2021 | Berkeley Energia Ltd (BKY LN) – Renewal of authorisation for Salamanca uranium concentrate plant# | Bluejay Mining* (JAY LN) – Greenland government to sign Exploitation License for Dundas Ilmenite Project today | Castillo Copper (CCZ LN) – Further copper assays from latest drilling at the Big One project in Queensland | Botswana Diamonds (BOD LN) – Annual results describe exploration in Botswana, South
Companies: AAL BKY JAY CCZ BOD EDL
Altus Strategies* (ALS LN) – BUY, 132p – MD&A highlights progress at Diba among other accomplishments in Q3/20 | Arkle Resources* (ARK LN) – New gold bearing vein identified in trench at the Mine River project | Edenville Energy* (EDL LN) – Update at Rukwa Coal Project | Mkango Resources* (MKA LN) – Progress of Songwe Hill feasibility work reported in Q3 results | Rainbow Rare Earths* (RBW LN) – Rainbow raises £2.56m at 6p/s
Companies: ALS ARK EDL MKA RBW
Adriatic Metals* (ADT1 LN) – Acquisition of Tethyan Resources | Amur Minerals* (AMC LN) – First quarterly coupon received from Nathan River Resources | Caledonia Mining* (CMCL LN) – Appointment of contractor for solar power plant | Chaarat Gold* (CGH LN) – $20.5m refinancing agreed | Edenville Energy* (EDL LN) – Corporate update | Oriole Resources (ORR LN) – Raising funds for drilling in Cameroon | Rainbow Rare Earths* (RBW LN) – Update on trial mining at Gakara in Burundi | Shanta Gold (SHG LN)
Companies: ADT AMC CGH EDL ORR RBW SHG TYM VAST
Edenville Energy* (EDL LN) – Sales and Marketing Agreement signed | Hummingbird Resources (HUM LN) – Interims highlight strong earnings reflecting better gold prices | Panther Metals (PALM LN) – Geophysics highlights potential of Marrakai gold prospect | Polymetal (POLY LN) – Stronger gold price lifts H1/20 earnings; $0.40 dividend declared
Companies: EDL HUM PALM POLY
Altus Strategies* (ALS LN) BUY – 100p – General Counsel appointment | Antofagasta (ANTO LN) – Earnings dip in H1/20 on weaker copper prices, 6.2c interim dividend announced | Edenville Energy* (EDL LN) – Rukwa wash plant resumes operations | Oriole Resources (ORR LN) – Directors award themselves share options | Power Metal Resources* (POWLN) – Australian gold JV operational update | Talga Resources (TLG LN) – A$10m placement
Companies: ALS ANTO EDL ORR POW
Centamin (CEY LN) – H2 profits rise 280% as company maintains 2020 production guidance | Chaarat Gold* (CGH LN) - BUY– H1/20 production in at 27koz with FY20 guidance reiterated at 55koz, Tulkubash
funding closure on course for YE20 | Edenville Energy* (EDL LN) – Rukwa coal operations restart | Pensana Rare Earths (PRE LN) – Final drilling results from Longonjo | Serabi Gold* (SRB LN) – Extension to drawdown period for the convertible loan | Versarien (VRS LN) - Launch of graphene enhanced prot
Companies: CEY CGH EDL PRE SRB VRS
Cora Gold* (CORA LN) BUY – Target 17.2p - Another new discovery at Sanankoro | Edenville Energy* (EDL LN) – Rukwa update | Gemfields (GEM LN) – Montepuez and Kagem operations remain suspended in response to Covid19 | Phoenix Copper* (PXC LN) – First results from 2020 drilling programme at the Empire mine | Rio Tinto (RIO LN) – US$2.5bn interim dividend | Sunrise Resources Plc (SRES LN) –CS Project granted mining permit
Companies: CORA EDL GML RIO SRES
Alba Minerals (ALBA LN) – Bulk sampling at Clogau St David mine | Altus Strategies* (ALS LN) – Diba PEA delivers $81m NPV10% (after tax) | Antofagasta (ANTO LN) – 2020 Maintaining production and cost guidance despite Covid19 | Bluejay Mining (JAY LN) BUY - Target 20p – Offtake agreement for up to 70% of Dundas Ilmenite production | Edenville Energy* (EDL LN) – ILTL $1m loan agreement and Rukwa update | Jangada Mines (JAN LN) – Drilling results from Goela | Kodal Minerals* (KOD LN) – Results high
Companies: ALBA ALS ANTO JAY EDL JAN KOD
Dark Horse Resources Ltd (DHR AU) – Revised terms for Cachi | Edenville Energy* (EDL LN) – NED appointment
Companies: Edenville Energy PLC
BlueRock Diamonds* (BRD LN) | Edenville Energy* (EDL LN) | Europa Metals Limited (EUZ LN) | Hummingbird Resources (HUM LN) | Trans-Siberian Gold (TSG LN)
Companies: BRD EDL HUM TSG EUZ
Anglo Asian Mining* (AAZ LN) – BUY – Gold dore shipments to MKS Finance | Anglo American (AAL LN) - taking Corporate humanitarianism to a new level in its support | Alba Minerals (ALBA LN) – Notice of exercise from Bergen | BlueRock Diamonds* (BRD LN) – Q1 production and carats sold rise substantially by 78% and 77% | Edenville Energy* (EDL LN) – COVID-19 and operations update | Kazatomprom (KAP LI) – Production estimates revision | Pensana Metals (PM8 AU) – Pensana reports more high-grade rare
Companies: AAZ AAL ALBA BRD EDL SOLG TYM
Anglo American (AAL LN) – De Beers diamond sales hit by fallout of corona-virus | Aura Energy* (AURA LN) – Clarification of moves to restructure the board | Condor Gold* (CNR LN) – High grade pit scenario for La India | Edenville Energy (EDL LN) – Rukwa wash plant operations restart | Vast Resources* (VAST LN) – Chiadzwa Community Diamond Project update
Companies: AAL AEE CNR EDL VAST
Edenville Energy* (EDL LN) 0.6p, Mkt Cap £3.7m – Operations update | KEFI Minerals* (KEFI LN) – Hawiah Exploration Project Update | Keras Resources* (KRS LN) – Calidus gains value on higher gold price and falling Australian dollar following Keras distribution. | Phoenix Copper* (PXC LN) – Raises US$2m to advance Red Star | Rio Tinto may sell Pacific aluminium business as it cleans up its carbon act | Tri-Star Resources* (TSTR LN) – SPMP management changes
Companies: KEFI KRS RIO EDL
Research Tree provides access to ongoing research coverage, media content and regulatory news on Edenville Energy PLC.
We currently have 115 research reports from 3
Higher metal prices saw CAML achieve a 52% and 131% increase in EBITDA and FCF respectively in the first half of 2021, facilitating an attractive 8p interim dividend declaration (up 2p on H1 2020). The H1 results are tracking our full-year estimates, which if achieved would put CAML on an undemanding EV/EBITDA multiple of just 4x and see the shares yield over 8% at current market price. Given average copper, zinc and lead prices across H2 to date are around 10% higher than our pricing assumption
Companies: Central Asia Metals Plc
Today's raise is a testament to support for Jubilee's copper strategy in Zambia and once again showcases Jubilee's keen eye for value enhancing deals. The increase in ownership in the Tailings projects to produce the raw material for the Sable and Leopard refineries will allow Jubilee to benefit more from the profits generated and also to make choices on development speed and product output to closely match the requirements of the Integrated refineries. Today consolidates Jubilee's position in
Companies: Jubilee Metals Group PLC
EQTEC have confirmed that they have completed acquisition of a 1.2MW gasification plant. The plant is expected to be operational by Q4 2022.
Companies: EQTEC PLC
EQTEC and KIBO Plc have confirmed a strategic partnership in the 25MW Billingham Plant. Kibo are investing £3m to acquire 54.54% of the Project SPV, with the remaining 45.46% owned by EQTEC.
Companies: Shanta Gold Limited
Central Asia Metals (CAML LN) reported strong interim results as copper, lead and zinc prices extended their gains up 21%, 11% and 12% YTD. H1 2021 revenue of US$101m was up 42% YoY, EBITDA of US$64m was up 52% YoY and the EBITDA margin increased 5pp to 61%. With no significant other charges, net income was up 69% YoY to US$42m. Having marked to market our commodity price assumptions, our estimates are broadly unchanged meaning CAML remains well on track for a record year of earnings underpinned
H1 2021 results
Companies: Union Jack Oil Plc
Production and cash holding update
Companies: Hurricane Energy Plc
• The latest horizontal well (BN-8H) has achieved a ten day initial oil production rate of ~7.6 mbbl/d. This is materially above our expectations of ~5 mbbl/d.
• As a result, current oil production is ~ 15.4 mbbl/d, also above our expectations of >13 mbbl/d. This is a very good result and with another development well due to be spudded shortly, the company is well on track to meet its production target of ~16 mbbl/d in 4Q21.
• The results of the BN-8H well could also have positive implications f
Companies: PetroTal Corp.
Bluejay Mining* (JAY LN) – BUY, Valuation 37.7p – Analyst call
Central Asia Metals (CAML LN) – H1 performance and strong commodity prices deliver increased interim dividend and early repayment of debt
Eurasia Mining* (EUA LN) – Monchetundra detailed mining plan
Jubilee Metals Group (JLP LN) – Conditional placing to progress Zambian expansion
Empire Metals* (EEE LN) – Strategic technical review commenced at Eclipse project
Renascor Resources (RNU AU) – Major project status awarded by Austr
Companies: JAY CAML EEE EUA WRES JLP RNU
Oil gained a third week as investors focused on the ongoing production shut-ins in the US Gulf of Mexico as more refineries have resumed operations nearly two weeks after Hurricane Ida tore through the region.
Futures in New York posted its longest set of weekly gains since July after ending Friday 2.3% higher. More than a million barrels a day of US offshore crude production remains shut in after Ida swept through the area nearly two weeks ago. Meanwhile, more Louisiana refineries are resumi
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Despite the significant ongoing challenges posed to the business as a result of the COVID-19 pandemic and the sudden passing of founder and Executive Chairman, Bruce Dingwall, Trinity has released a strong set of interim results, with the Company's resilient production and strong balance sheet providing a solid foundation from which it can meaningfully scale the business. Higher oil price realisations during H1/21 more than offset an 8% natural decline in production, leading to a 69% increase in
Companies: Trinity Exploration & Production Plc
• Pharos is farming out 55% WI in El Fayum and North Beni Suef to IPR Energy. In return IPR will fund US$38.425 mm of Pharos’ retained share of the costs of future activities, equating to funding a ~US$85 mm gross programme (opex + capex). In addition, IPR will pay US$5 mm in cash on closing and a contingent consideration of US$0.175 mm for each US$1 over US$62/bbl (with a cap of US$92/bbl) each year from 2022 to 2025. This represents a potential additional consideration of U$20 mm (US$5 mm x 4
Companies: Pharos Energy PLC
Oil declined amid Russia's plans to boost upcoming overseas oil sales and as the dollar rallied.
Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the US dollar reduced investor interest in commodities priced in the currency.
Despite weaker prices on Friday, US benchmark crude futures gained more than 3% this week due to tightening supplies. In the US, crude inventories
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS