Alba Mineral Resources (ALBA LN) – Plans for Clogau Arc Minerals* (ARCM LN) – BUY - Massive sulphide copper mineralisation intersected in drilling at Cheyeza East. Copper sulphide mineralised quartz veins at Fwiji Aura Energy* (AURA LN) – Resumption of trading on ASX Caerus Mineral Resources (CMRS LN) – Drilling underway at Trouli Ferro Alloy Resources (FAR LN) – Ferro-molybdenum and Vanadium pentoxide production starts Kodal Minerals* (KOD LN) – AGM presentation Metal Tiger (MTR LN) –
Companies: AEE FAR ALBA ARCM CMRS KOD SAV MTR
What’s cooking in the IPO kitchen? Pioneer Media Holdings Inc to join the Access segment AQSE Growth market. The Company is an investment company focused on the eSports and mobile gaming industries, and all business sectors related thereto. No funds being raised. Due 25 May. Pharma C Investments to list as a SPAC on the Access segment of the AQSE Growth Market. It is specifically seeking to take advantage of the dynamic regulatory environment surrounding legal Medicinal Cannabis. Due 26 May. N
Companies: GWMO GRE GHE MTR NGHT PPC TMT UPR VRE XSG
Metal Tiger has raised A$5m (£2.7m) at a price of $0.37/share (0.20p). Sandfire Resources (SFR.ASX), a company that Metal Tiger holds a 3.4% interest in, has upgrade its JORC 2012 compliant mineral resource estimate for the A4 Copper-Silver Deposit, located in the Kalahari Copper Belt of Botswana. Metal Tiger also owns a 2% net smelter royalty over c. 8,000km2 of Sandfire's licence holdings in the Kalahari Copper Belt, which contain the A4 Deposit.
Companies: Metal Tiger plc
What’s cooking in the IPO kitchen? Northcoders, an independent provider of training programmes for software coding, to join AIM. It offers a range of training and software development solutions to individual and corporate customers. The Company's offering includes 'bootcamp' training courses, government funded apprenticeships and bespoke training courses and software development solutions. The Company operates a hybrid delivery model by providing its services in person at one of Northcoders' re
Companies: BXPHAR CUSN IOM MTR RRR TPG UOG XLM ZPHR
Ariana Resources (AAU LN) – Copper and gold confirmed in recent drilling at Kokkinoyia, Cyprus Cornish Metals*+ (CUSN) – Pictures of drill core at United Downs highlight native copper in hole 7 around 200m east of hole1 Cora Gold (CORA LN) – Sanankoro assays indicate erratic gold distribution, more complex resource estimation and little influence on overall grade Metal Tiger (MTR LN) – Motheo mining licence granted Orosur Mining* (OMI LN) – LOI signed for Brazilian tin project Phoenix Coppe
Companies: CUSN OMI AAU CORA PXC POW MTR
Arkle Resources* (ARK LN) – Drilling at the Mine River project encounters gold in the first three holes Bluejay Mining* (JAY LN) – Greenland government approved Exploitation and Closure Plan for the Dundas ilmenite project Horizonte Minerals (HZM LN) – Progress report on financing the Araguaia ferronickel project Kodal Minerals* (KOD LN) – Kodal progress lithium mining license application in Mali alongside gold assays in the Ivory Coast Metal Tiger (MTR LN) – Significant geophysics anomalies
Companies: ARK JAY HZM KOD RBW MTR
What’s cooking in the IPO kitchen? Poolbeg, Proposed AIM listing and demerger from Open Orphan (ORPH.L). Funds raised as part of Admission will be used primarily to fund the clinical trial costs associated with the development of the Company’s POLB 001 asset as a treatment for severe influenza and to acquire and develop new portfolio assets. Offer details and timing TBA Wise, the Fintech and payments start-up is planning to pull the trigger on a direct listing on the London Stock Exchange as s
Companies: ANP DMTR FCRM HUR I3E IGE KWG MTR MEAL POW
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
Alba Mineral Resources (ALBA LN) – Preliminary bulk-samping results from Clogau Bluejay Mining* (JAY LN) – VAT reclaim up update Caledonia Mining* (CMCL LN) – Updated estimates show mineral resource and reserve replenishment at the Blanket mine Metal Tiger (MTR LN) – ASX confirm listing of Metal Tiger Ormonde Mining* (ORM LN) – 2020 results and operational update Rambler Metals and Mining* (RMM LN) – Ming mine mineral resources update Tertiary Minerals* (TYM LN) – Interim report and proje
Companies: ORM CMCL ALBA JAY RMM TYM MTR
Alba Mineral Resources (ALBA LN) – Plans to spin out the Greenland assets Altus Strategies* (ALS LN) - BUY – New base metals licenses grow Moroccan portfolio Anglo Asian Mining* (AAZ LN) – BUY – Record turnover and ~$30m FCF delivered in FY20; 3.5c final dividend announced Castillo Copper (CCZ LN) – IP survey identifies additional targets at the Big One prospect Empire Metals* (EEE LN) – Gold asset acquisition in Australia Eurasia Mining* (EUA LN) – Eurasia places 53m new shares with US ins
Companies: ALBA ALS AAZ EEE EUA PRE MTR CCZ
Canyon Resources (CAY AU) – Minim Martap bauxite project mineral resource upgrade (Altus Strategies is invested in Canyon Resources) Marvel Gold (MVL AU) A$0.05, Mkt Cap A$27m – Chilalo Graphite Project spin out (Altus Strategies holds a JV agreement with Marvel Gold) Metal Tiger (MTR LN) – Drilling Commenced at KML copper project Serabi Gold* (SRB LN) – Drilling confirms lateral and depth extensions to mineralisation at Palito
Companies: ALS SRB MTR CAY MVL
Adriatic Metals* (ADT1) – Quarterly report highlights Veovaca and Rupice permits for the Vares Project Altus Strategies* (ALS LN) – 2020 described as a transformational year Cornish Metals* (CUSN LN) – Tin prices rise to $ 27,310/t on strong demand and furnace maintenance at MSC in Malaysia Metal Tiger (MTR LN) – Progress in the Kalahari Copper Belt, Botswana Phoenix Copper* (PXC LN) – A new Empire mine coming into focus Rainbow Rare Earths* (RBW LN) – Final Phalaborwa assay results SolG
Companies: CUSN ADT ALS PXC RBW SOLG MTR
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in sports
Companies: KIBO MTW GWI MTR DUKE ITM GDR MSMN CMCL PTRO
Caerus Mineral Resources (CMRS.L) a London based exploration and resource development company focused on developing mineral resources in Europe, recently announced the acquisition of New Cyprus Copper P.A. Ltd and today completed its IPO onto the Standard List. The NCC Acquisition provides Caerus with access to copper - gold exploration licences in the Republic of Cyprus. The company has raised circa £2.25m by way of placing and subscription. Market Cap £5m.
Companies: TENG MTR B90 TRR FUM XTR MRL FO JAN SPA
Research Tree provides access to ongoing research coverage, media content and regulatory news on Metal Tiger plc. We currently have 103 research reports from 4 professional analysts.
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
Production and cash holding update
Companies: Hurricane Energy 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
Wressle update
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
AUCTUS PUBLICATIONS ________________________________________ 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
