Hybridan Small Cap Feast - 13 September 2024

13th 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*** Greatl

SP Angel Morning View: Gold hit a new high as investors look towards rate cuts

Arkle Resources* (ARK LN) – Drilling at Stonepark Block Endeavour Mining (EDV LN) – Commercial production at BIOX Expansion and Lafigue Greatland Gold (GGP LN) – Retail offer raises an additional £6.7m Kore Potash* (KP2 LN) – Interims Premier African Minerals (PREM LN) – Update on the Zulu lithium project

SP Angel Morning View: Lithium equities rally on reports CATL has shut mining operations

SP Angel Morning View: Gold slides as Treasuries pare gains after NFP-fuelled rally

SP Angel Morning View: Copper and gold pull back as Fed pushes back rate cut expectations

6 key reasons to own GGP

SP Angel Morning View: Copper prices push past two-year highs as Codelco struggles to ramp up production

SP Angel Morning View: China likely to trump BHP offer for Anglo American

Zeus Industrials Round-Up - 13 September 2024

The UK industrial sector continues to show promising signs of recovery, with manufacturing PMI reaching a 26-month high of 52.5 in August as all survey indicators but one expanded. Economic data has also been encouraging, with UK pay growth cooling to a two-year low and inflation rising only slightly in July – supporting the case for further interest rate cuts this year by the BoE.

PANMURE LIBERUM: Commodity snapSHOT: Met-Coal’s evolution, illustrated

AUCTUS ON FRIDAY -136/09/2024

AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price £0.40 per share: Anchois-3 encounters gas in the appraisal targets but one of the exploration target is dry – The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet. Our ReNAV for this prospect was £0.03/sh. The well was sidetracked in the B sands which are the main appraisal targets. Prel

THE MONTHLY January 2020

The Office for National Statistics (ONS) is due to publish its most up-to-date survey on share ownership in mid-January, which identifies the beneficial owners and decision- makers of the stock market. Hardman & Co has worked together with the share analysis service, Argus Vickers, to jointly produce its own survey, which anticipates the conclusions of the ONS survey but goes into much greater detail. Our work does not use a sample of 200 quoted companies as the ONS historically has, but rather

Chariot Limited (AIM: CHAR): Anchois-3 encounters gas in the appraisal target but one of the exploration targets is dry

• The Anchois-3 well has 3 objectives. While the initial pilot hole encountered the targeted reservoirs at the Anchois Footwall prospect, they were interpreted as water wet. Our ReNAV for this prospect was £0.03/sh. • The well was sidetracked in the B sands which are the main appraisal targets. Preliminary interpretation indicates the presence of gas in these sands. Our unrisked NAV for the 2C resources is £0.27/sh. We carry 75% probability of development. • Drilling is ongoing towards the deepe

SP Angel Morning View: Copper prices rise alongside iron ore as China restocks

Gulf Marine Services (GMS LN) - Contract award and increased 2024 guidance

GMS has announced another new contract award, at a higher day rate, alongside an increase in the lower end of the 2024 EBITDA guidance range. This all continues to demonstrate the buoyant nature of the market for the company’s vessels.

DEC Interim results

DEC reported interims that showed stable underlying production, resilient EBITDA margin and strong cash generation.

Hybridan Small Cap Feast - 12 September 2024

12th 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*** Andrad

Morning Note – 10 September 2024

Morning Note – 11 September 2024

SP Angel Morning View: Gold climbs as traders wait for US inflation data

Andrada Mining: First drill results from Brandberg West show multi-metal potential within historic open pit operation

Andrada Mining (“ATM”) has released initial assay results from its inaugural drilling programme at Brandberg West in Namibia, which was historically mined for tin and tungsten. Situated ~100km from ATM’s flagship Uis operation, the Company has completed 2,975m of drilling over 20 oriented diamond drill holes, with results from the first ten holes reported today. The programme will evaluate the grade potential and geology within the historical pit, while also exploring possible mineralisation in

Oil & Gas - Cavendish sector note

Chariot, 88 Energy, Afentra, Star Energy, Jadestone Energy, Pantheon Resources, Deltic Energy, Zephyr Energy, Energean, Equinor, Var Energi, TotalEnergies, Eni SpA, Repsol, Woodside Energy Group Source: FactSet, weekly change 22/07/2024-26/07/2024 Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles. West Texas Intermediate fell to settle near $77 a barrel, capping the largest weekly decline since the beginning

TENNYSON Research – Diversified Energy – Cash machine