Shearwater Group—Schedule 1. Acquiring SecureEnvoy for £20m in cash and shares—a provider of multifactor authentication enterprise software solutions. RTO under the AIM rules.
ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May 2017.
Global Ports Holding—Intention to float on Standard List of the Main Market. Inte
Companies: PEG MARL SNX NUOG ZOL CSSG GEO CAM BRSD SVCA
Mariana Resources (MARL.L) – BUY*: Hot Maden update | Venture Life Group (VLG.L): Final results
Companies: Mariana Resources (MARL:LON)Venture Life Group Plc (VLG:LON)
Mariana Resources (MARL LN) – Drilling results from Hot Maden extend known mineralisation over 700m | Shanta Gold (SHG LN) BUY – New reserves extend NLGM mine life
Companies: Mariana Resources (MARL:LON)Shanta Gold Limited (SHG:LON)
Welcome to IIR’s second “Blue Book” for Junior Resource Companies. This publication covers over 60 resource companies that were present at the 121 Group’s 2017 Cape Town Conference, held at Welgemeende in the Gardens district on February 6-7, 2016. The summaries in the book have been prepared with the assistance of the 121 Group based in London/ Hong Kong and Gavin Wendt from Minelife in Sydney, with the introduction being prepared by Mark Gordon and Gavin Wendt. The company information is accur
Companies: AWV AAU BSE BKY BZT BKT BMN CEY EDV GBL GEMD GPR GRY HMI HUM 2362 KNL KOD LIT LOM MARL NSU OKU ORR PRU PDL PLU PDI PREM RSG SWA SHG SRI SWJ WAF CMCL GML
Mariana Resources (MARL.L) – BUY*: Awalé Resources acquisition | Ascent Resources (AST.L) – CORP: Issue of Equity | Savannah Resources (SAV.L) – CORP: FY16 results | Edenville Energy (EDL.L) – CORP: Relinquishes uranium license
Companies: MARL SAV EDL AST
Mariana Resources (MARL.L) – BUY*: Ergama update | Veltyco Group plc (VLTY.L) – BUY*: Trading update | Keras Resources (KRS.L) – CORP: Warrawoona update | Sunrise Resources (SRES.L) – CORP: County Line Diatomite Project
Companies: MARL B90 KRS SRES
Acacia Mining (ACA LN) –Record 2016 gold output drives a more than doubling of dividend | BlueRock Diamonds* (BRD LN) – First blast kimberlite ore being processed | DiamondCorp (DCP LN) Suspended – Placing delayed till 28 February as AMCU union messes around with agreement | Georgian Mining* (GEO LN) STRONG BUY – New drilling shows massive intersection of higher grade copper | Hummingbird Resources (HUM LN) – Taurus Funds US$25m bridging loan now fully drawn | Mariana Resources (MARL LN) – Drill
Companies: ACA GEO HUM MARL MKA SOLG BRD
Mariana Resources (MARL.L) – BUY*: PEA Results | Motif Bio plc (MTFB.L) – BUY*: Appointment of CFO | Edenville Energy (EDL.L) – CORP: ESIA update | Thor Mining (THR.L) – CORP: Outlook for 2017
Companies: MARL MTFB EDL THR
Ultimate Products—The Telegraph reports Jim McCarthy, former chief of Poundland has been appointed Chairman of Ultimate Products ahead of a £100m listing in H1 2017. Ultimate Products owns the Beldray cleaning brand and the licence to sell Russell Hobbs and Salter electrical products in the UK.
Companies: SRO AMER SDI BKY MARL EDL SPA BCN WJA IXI
Mariana Resources (MARL.L) – BUY*: Ergama update | Churchill Mining (CHL.L) – SPECULATIVE BUY*: ICSID Arbitration | ValiRx plc (VAL.L) – CORP: Quarterly update
Companies: MARL CHL VAL
Ariana Resources (AAU LN) – Kiziltepe construction expected to complete in mid-December | ASA Resource Group* (ASA LN) – Bindura Nickel reports US$1.2m profit in half year to September | Bushveld Minerals (BMN LN) – Interims show progress toward Vanadium production acquisition | DiamondCorp (DCP LN) Suspended – 310m level now clear of flood water and longhole rig being moved for
refurbishment | Metals Exploration* (MTL LN) – First gold sale as Runruno mine ramps up amid debt rescheduling talks
Companies: AAU ASA BMN DCP MTL MARL MKA SRX
Mariana Resources (MARL.L) | Active Energy Group (AEG.L) | Vast Resources (VAST.L) | Edenville Energy (EDL.L)
Companies: AEG VAST MARL EDL
Research Tree provides access to ongoing research coverage, media content and regulatory news on Mariana Resources.
We currently have 76 research reports from 5
Savannah provided its interim snapshot yesterday and it is worth pointing out where it has come from and where it is going to, with a catalyst-rich future ahead of it. The Mina do Barroso project remains one of the most advanced spodumene projects in Europe and as such is very well located in terms of market (close to a main end-use market with all the freight savings – cost and carbon – that implies) and available green energy to power production. The project benefits from political support fo
Companies: Savannah Resources Plc
Phoenix copper today provides an operational update with plenty of work streams running in parallel. It continues to make progress on finalising plans for bringing the Empire oxide open pit into production after nearly completing its hydrological studies and finalising plans for a permanent mine office in Mackay – 5 miles from the proposed operation.
Companies: Phoenix Copper Ltd. (United Kingdom)
H1 2021 results
Companies: Jersey Oil & Gas PLC
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
Companies: Central Asia Metals Plc
Companies: Shanta Gold Limited
£8.5m equity raise at 25p for appraisal drilling
Companies: IOG PLC
No surprises in JOG’s interim results, with the market’s main focus – the company’s GBA Development farm-out process – ongoing. The resurgence of UK North Sea M&A has brought the shares back to life recently as the market is reminded of the scale of the resource and development opportunity JOG is sitting on. While JOG’s main focus remains on securing funding and a partner for its GBA Development, the company has indicated it is reviewing a number of potential acquisitions/mergers. JOG’s strong m
While the Permian was considered as a core region for the group, we believe this transaction makes sense. Given the new strategy, there is indeed a limited interest in keeping short cycle and high cost assets in the portfolio. This might also tell that, by selling the most liquid assets, divesting remains challenging. The good news is that, by distributing most of the proceeds back to the shareholders, Shell does not depend on divestments to fund its transition.
Companies: Royal Dutch Shell Plc Class A
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
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Companies: Union Jack Oil Plc
The Wressle oil field, in which Union Jack (UJO) holds a 40% working interest has achieved flow rates of 964 boepd from the primary Ashover Grit reservoir. This has been attained on a restricted choke setting and no formation water has been produced as the well continues to clean up. This is very positive news for UJO given that the reported flow rate exceeds initially forecasted rates by a substantial margin and further operations to increase gas handling capacity could increase hydrocarbon
Jersey Oil & Gas announced its interim results of which we believe the key news items are as follows:
i) The company had a cash balance of £17.06m as at 30 June 2021;
ii) The company indicated its farmout process is ongoing that that the company is engaged with both industry parties and potential infrastructure funders; and
iii) Regional electrification collaboration within the Central North Sea is building momentum amongst industry parties and the GBA is ideally located to be an integral p
Calima Energy (CE1 AU)C; Target of A$0.75 per share: Good production performance – Production in August was 3,493 boe/d, up 200 boe/d compared to July as all the new wells at Brooks now contribute to production, more than offsetting natural decline. Financials for August are broadly in line with our expectations. The three new Thorsby wells drilled in August and September could be on stream for November with an individual IP rate of ~2
Companies: ALV ALV CE1 COP COP EDR IOG RDSA TETY TETY TXP
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
We are publishing new forecasts and refreshing our view based on the company's recent results including their latest five year plan. Shanta's promising project pipeline means that >100Kozpa gold production is within sight (+62% vs 2021) by 2023 along with >200Kozpa production levels from 2025. AISC falls accordingly from $1371/oz to $568/oz. Assuming a flat $1800/oz gold price over the next two years we are forecasting a 2.5x uplift in EBITDA and near fourfold increase in net earnings. Net cash