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Companies: Emmerson Plc
Liberum
Emmerson has announced a Scoping Study on an innovative new processing route for the Khemisset potash mine in Morocco. The new process is expected to significantly reduce the project’s environmental impact and eliminates some of the more onerous water-related processes such as deep well injection. An added bonus is that this new process produces two new, slow-release fertiliser products.
Shard Capital
8th January 2024 Happy New Year to all our Readers! @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 regar
Companies: SCE MDZ KIBO HE1 EML CSSG CSSG AREC
Hybridan
As expected, Emmerson’s primary focus in Q4 2023 continued to be on obtaining approval of the all-important “ESIA” (Environmental & Social Impact Assessment) for the Khemisset potash mine in Morocco. After being referred to the national Ministerial Committee level of government in July last year, the environmental approval is awaiting session of this Ministerial committee. This committee did not convene in H2 2023 due to other priority matters at the governmental level.
Premium
Emmerson’s primary focus in Q3 2023, has naturally been on obtaining approval of the all-important “ESIA” (Environmental & Social Impact Assessment) for the Khemisset potash mine in Morocco. In July, the approval was referred from the regional level to the national Ministerial Committee level of government, reflecting the project’s strategic significance to the country. The approval is now awaiting session of this committee, chaired by the Moroccan Head of Government.
The Q2 2023 update reveals that Emmerson has now referred the approval of the all-important “ESIA” (Environmental & Social Impact Assessment) for the Khemisset potash mine in Morocco from the regional level to the national Ministerial Committee level of government. The company remains confident that the benefits of the project will ultimately result in approval being granted with the project put forward at this senior level of government.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Emmerson Plc. We currently have 119 research reports from 6 professional analysts.
Sylvania has maintained annual production guidance despite Q324 results being affected by a 22-day strike, resulting in 10% lower production. The PGM basket price was stable during the quarter, with positive platinum momentum offset by palladium weakness and rhodium prices stable. Operating costs increased by 5.6%, in line with expectations. FY24 production guidance is for 75,000–76,000oz, despite the challenges in Q324. Our PGM outlook is unchanged from our moderated forecasts earlier in the ye
Companies: Sylvania Platinum Ltd.
Edison
Drilling operations have commenced on the first of two wells at Chariot’s Loukos Onshore licence in Morocco. The initial well is targeting the Gaufrette prospect, situated updip of an existing gas discovery (LNB-1) and is supported by seismic amplitude anomalies. Success at Gaufrette could unlock a P50 resource of 26Bcf and further upside volumes could come from a series of deeper targets that have been identified on newly reprocessed 3D seismic data. Following Gaufrette, Chariot will drill the
Companies: Chariot Limited
Cavendish
Trident released their annual yesterday this morning, as well as an update regarding their Paradox royalty. Firstly, looking at their l results, we already knew the total royalty receipts this year, and therefore the focus is on EBITDA and Net Income. Both came in slightly lower than estimated but both largely driven by our lower SG&A cost estimate. We believe the reason for this is somewhat temporary – see comment below. On Paradox, Anson Resource has received a binding offtake for their proje
Companies: Trident Royalties Plc
Tamesis Partners
AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.75 per share: Raising new equity to fund a high impact activity programme – ADX has raised A$13.5 mm of new equity priced at A$0.105 per share. One free-attaching option will be issued for evert two placement shares with an exercise price of A$0.15 per share and an expiry date of 08/05/2026. The proceeds from the raise will fund (1) the production testing of the 450 m gas column encountered at
Companies: PEN SEI OMV ADX GALP OMV AXL JSE CEQ TXP SHELL DELT TRIN I3E ZPHR CHAR LNGE SEPL CNE BWEFF PEN GTE GALP EGY
Auctus Advisors
Companies: ALB CS ALB GLEN MP
SP Angel
Companies: Chariot Limited (CHAR:LON)Duke Capital Limited (DUKE:LON)
17th 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
Companies: ARS TIDE SCE SNX ECK CNS TST SPEC SSTY
Companies: ALL TYM SAV ARK CUSN AFP 1SN ARCM EDV
Companies: Personal Group Holdings Plc (PGH:LON)Reabold Resources plc (RBD:LON)
Anglo American (AAL) rejected the combination proposal from BHP, which included two separate demergers of Anglo-American Platinum and Kumba Iron Ore. Given the AAL’s EBITDA structure, the main business interest could be its copper business. In 2023, AAL generated 32% of its underlying EBITDA from copper, 40% from iron ore sales,12% from PGMs and 13% from coal. Among all AAL businesses, copper showed robust performance with a 48% increase in underlying EBITDA in FY23, primary due to the ramp-up
Companies: Anglo American plc
Hypothesis Research
Excellent news for Afentra, which has received government approval for the Azule Energy acquisition, its third offshore Angola. This suite of acquisitions provide Afentra with a material non-operated shallow water portfolio containing significant production enhancement, development and exploration opportunities. The producing fields are highly free-cash-generative and provide a solid and meaningful foundation for Afentra’s experienced and ambitious management team to construct a significant Afri
Companies: Afentra PLC
Weaker metal prices and slightly lower sales volumes saw earnings fall y-o-y as expected, though CAML nonetheless maintained a very healthy EBITDA margin, testament to the low operating cost structure of Kounrad in particular. The full-year dividend of 18p sees CAML yield an attractive 9%, and with capex projects at Sasa concluding this year, we see scope for dividends to increase further. M&A remains a priority, and we look forward to further developments in this area as 2024 progresses.
Companies: Central Asia Metals Plc
Alternative Resource Capital
Q1/24 sales volumes averaged 2,669bopd, a 2% QoQ and 8% YoY reduction (Q4/23: 2,736bopd, Q1/23: 2,899bopd) as Trinity continues to offset natural production decline through an active programme of workovers, recompletions, and swabbing. Trinity has reiterated its 2024 sales volume guidance of 2,600-2,700bopd (a c5% YoY reduction at the mid-point). Cash at 31 March 2024 was US$8.6m (31 December 2023: US$9.8m). Trinity has also provided an update on the Jacobin-1 well, where the forward plan is to
Companies: Trinity Exploration & Production Plc
Companies: CNC RNO MAI IUG CUSN POLB
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