Anglo American (AAL LN) – Record H1 performance as stimulus measures spur recovery BeMetals (BMET CN) – Technical report for Kato Gold project identifies multiple drill targets Caerus Mineral Resources (CMRS LN) – Disposal of Black Pine licences Keras Resources* (KRS LN) – Mining season commences at Diamond Creek Kodal Minerals* (KOD LN) – Nielle project shows intersections of wide gold mineralisation in drill results Oriole Resources (ORR LN) – Exploration progress at Senala, Senegal Rain
Companies: BMET AAL CMRS KRS KOD ORR RBW TLG
Arc Minerals* (ARCM LN) – Arc Minerals to let exclusivity agreement with Anglo lapse Bluejay Mining* (JAY LN) – Targets defined for Outokumpu-type copper-cobalt- gold-silver deposits In Finland BlueRock Diamonds (BRD LN) – Q2 results show significant increase in tonnes processed Bushveld Minerals* (BMN LN) – Vanadium prices continue to rise in China Keras Resources* (KRS LN) – Commercial production commences at Diamond Creek Power Metal Resources* (POW LN) – Presentation covering Nevada p
Companies: ARCM BRD JAY BMN KRS POW
What’s cooking in the IPO kitchen? Bridgepoint Group to float on the Premium Segment of the Main Market. Bridgepoint is the leader in middle market investing, with a global reach that leverages its strong pan-European footprint and Bridgepoint's ability to deploy meaningful amounts of client capital across several well established strategies. Raising £300m. Timing TBA. HydrogenOne Capital Growth to IPO on the Premium Segment of the Main Market. HGEN is targeting a raise of £250m. First London
Companies: ABDX ARCM JAY ESYS EVG GML KRS ORPH ORCP PMG
Ariana Resources (AAU LN) – Annual results timetable impacted by Turkish travel restrictions Atalaya Mining (ATYM LN) – Mineral reserves and resources update for Cerro Colorado and San Dionisio BHP (BHP LN) – plans to double exploration budget within five years Cornish Metals*+ (CUSN LN) – Quarterly update and progress report on exploration in Cornwall Keras Resources* (KRS LN) – Interim results Firefinch (FFX AU) – Raising A$47m to reinvigorate Morila
Companies: CUSN AAU BHP KRS ATYM FFX
Beowulf Mining* (BEM LN) – Response to irrelevant leaked letter from UNESCO Cornish Metals* (CUSN LN) – South Crofty updates mineral resources with increased tonnage at depth KEFI Gold and Copper* (KEFI LN) – Changes to the Executive Bonus Plan Keras Resources* (KRS LN) – Keras commissioning new plant for high-grade organic phosphate at Diamond Creek, Utah Metal Tiger (MTR LN) – Mining contract at Motteo and additional investment in Pan Global Resources
Companies: CUSN BEM KRS KEFI MTR
What’s cooking in the IPO kitchen? Baltic Classifieds Group PLC, the leading online classifieds group in the Baltics, announced their intention to IPO and the intended publication of a registration document. Should BCG proceed with the IPO, the Company will apply for admission of its entire issued Ordinary Share Capital to the Premium Listing Segment of the LSE. The UK Residential REIT, a proposed closed-ended real estate investment trust established to invest in a diversified portfolio of aff
Companies: ANX BLTG CLIN DEV KRS RBBS SDG SEE TOT YGEN
AfriTin* (ATM LN) – DFS on Phase 1 expansion of the Uis tin mine Arc Minerals* (ARCM LN) –– Arc refutes Zambian newspaper article revoking mining consents granted by local chief Aura Energy* - (AURA LN) – Results and project updates Gem Diamonds (GEMD LN) – Recovery of 254 carat white diamond from Letšeng Keras Resources* (KRS LN) – Fertilizer price rise lifts related stocks Kodal Minerals* (KOD LN) – Bougouni lithium project feasibility ratified subject to minor corrections Mkango Resource
Companies: MKA AEE OMI ATM ARCM GEMD KRS KOD
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
tinyBuild— a leading video games publisher and developer with global operations. tinyBuild's strategic focus is in creating longlasting IP by partnering with video games developers, establishing a stable platform on which to build multi-game and multimedia franchises is to join AIM. Offer details TBC. Due mid-March. 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 ta
Companies: ARS ESC AQX ARTL KRS KBT GRP BOOM CNS ANIC
Alba Mineral Resources (ALBA LN) – Welsh exploration programme Bluejay Mining* (JAY LN) - BUY - Valuation 40p – Bluejay training students and personnel in Greenland for Dundas project IronRidge Resources* (IRR LN) – Progress at Ewoyaa Lithium Project Keras Resources* (KRS LN) – Chairman reports no outstanding requirements on grant of exploitation permit at Nayéga manganese mine in Togo Mkango Resources* (MKA LN) – Pilot plant test-work underway Power Metal Resources* (POW LN) – Option exerc
Companies: MKA ALBA JAY KRS POW TGR IRR SSW
Altus Strategies* (ALS LN) - BUY – Final 10m CAY shares received GoldStone Resources (GRL LN) – Environmental permit enables first gold pour in two months Keras Resources* (KRS LN) – Construction of new organic phosphate process plant in Utah Rainbow Rare Earths* (RBW LN) – Phalaborwa Rare earths project confirms 0.5% grade with 0.15% NdPr Serabi Gold* (SRB LN) – Near-mine exploration identifies additional targets Tietto Minerals (TIE AU) – PFS/DFS at Abujar remain on track with maiden res
Companies: ALS GRL KRS RBW SRB TIE
Looking Ahead At The Next Week
Companies: JDWUAIIRONTRCSKRSTIMELUCEKETL
Anglesey Mining (AYM LN) – Mineral resources and PEA for Parys Mountain Castillo Copper (CCZ LN) – Further assay results from drilling at the Big One project in Queensland Central Asia Metals (CAML LN) – Stable production reported in 2020 with final dividend to be announced in March IronRidge Resources* (IRR LN) – Sale of non-core gold project Keras Resources* (KRS LN) – Keras increase stake in the Daiamond Creek organic phosphate mine to 51% Power Metal Resources* (POW LN) – Molopo Farms d
Companies: POW AYM CAML KRS TYM CCZ IRR
Berkeley Energia Ltd (BKY LN) – Permitting and licensing payments to Spanish government entities Bluejay Mining* (JAY LN) - BUY, Valuation 29.4p – Research & Development Tax Credit Bushveld Minerals* (BMN LN) - BUY, Valuation 37.7p – Vanadium price rise in China suggests tightening of supply chain Katoro Gold (KAT LN) – Haneti RAB drilling underway Power Metal Resources* (POW LN) Keras Resources* (KRS LN) – Manganese ore prices hit 10-week high Pure Gold Mining (PUR LN) – Gold pour at R
Companies: PGM BKY POW JAY BMN KRS KAT
Anglo Asian Mining* (AAZ LN) – FY20 production guidance revised to 68-72koz GEO | Bezant Resources (BZT LN) – Drilling intersects copper mineralisation at the Gorob-Vendome project, Namibia | Bushveld Minerals* (BMN LN) – New orders from Invinity indicate rising demand for VRFB Grid storage systems | Keras Resources* (KRS LN) – Nayéga Project Update Togo | Kingston Resources (KSN AU) – Misima PFS | Panthera Resources (PAT LN) – Review of historical data from Beredo | Vast Resources* (VAST LN) –
Companies: AAZ BZT BMN KRS KSN PAT VAST VRS
Research Tree provides access to ongoing research coverage, media content and regulatory news on Keras Resources Plc. We currently have 178 research reports from 5 professional analysts.
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
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
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
H1 2021 results
Companies: Union Jack Oil 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.
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.
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
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
• 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$5 mm x 4
Companies: Pharos Energy PLC
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ 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
Companies: IronRidge Resources Ltd
Bluejay Mining* (JAY LN) – Greenland agrees new economic aid with the US Ariana Resources (AAU LN) – Further drilling results from Kepez North CATL (CATL N) – CATL may be joining the bidding war for Millennial Lithium Corp. as Chinese firms battle for EV material supply Condor Gold* (CNR LN) – Senior mining engineer appointed to advance La India feasibility study Cora Gold* (CORA LN) – Interims Galileo Resources (GLR LN) – Sale of Kalahari Copper Belt licences expected to complete next week
Companies: AAU JAY CNR CORA GLR GGP POW RRR VUL SSW
Bond buyback offer and operational update
