Catena Group (CTNA.L) to complete reverse takeover and be renamed Insig AI and is acquiring the remaining shares of Insight Capital Partners. Insight, which is based in the UK, is a data science and machine learning solutions company that provides bespoke web-based applications, advanced analytical tools and modern technology infrastructure to make machine learning accessible to investment professionals. Insight has developed five products specifically aimed at accelerating an asset manager's d
Companies: SWG LOGP G4M SDG MTL GTC KWS ARK ANCR EME
AfriTin (ATM LN) – Further increase in concentrate production from the Uis mine during August | IronRidge Resources (IRR LN) – Update to capital structure | Kodal Minerals* (KOD LN) – BUY – Kodal looks to lithium production in rising price environment | Marvel Gold (MVL AU) – Earn in on new prospect in Mali | Metals Exploration (MTL LN) Suspended – Covid19 related disruption at RunRuno | Petra Diamonds (PDL LN) – Allegations of human rights abuses at Williamson mine | Savannah Resources* (SAV LN
Companies: ATM IRR KOD MTL PDL SAV VAST
Bluejay Mining (JAY LN) – BUY, Valuation 24.7p – Artic sea ice set to reach lowest ever on record this month | Kavango Resources (KAV LN) – Further data on similarities between the Kahalari Suture Zone and the Norilsk nickel system in Russia | Metals Exploration (MTL LN) Suspended – Proposed debt restructuring | Panthera Resources (PAT LN) – Pre-feasibility study and mining licence at Tellerhauser project | Shanta Gold (SHG LN) – West Kenya Project historical exploration drilling summary
Companies: JAY KAV MTL PAT SHG
Ariana Resources* (AAU LN) – Partial disposal of Salinbas and Zenit Madencilik | Bushveld Minerals* (BMN LN) - MIT team look to chitin for large-scale flow batteries | Eurasia Mining* (EUA LN) Suspended – Launch formal sale process under UK Takeover code | Greatland Gold (GGP LN) – Additional licence acquired in the Paterson region | KEFI Minerals * (KEFI LN) – Tulu Kapi project finance update | Metals Exploration (MTL LN) – Update on operations and AIM Suspension | Rambler Metals* (RMM LN) – Pr
Companies: AAU BMN EUA GGP KEFI MTL RMM LEX SOLG VRS
Ferro Alloy Resources (FAR LN)– Vanadium pentoxide production rises in Q1 despite COVID-19 shutdown | Metals Exploration (MTL LN) – Quarterly update | Orosur Mining (OMI LN)– Orosur appoints mining analyst as new non-executive director | Rainbow Rare Earths* (RBW LN) – Work continues at the Gakara mine in Burundi with maiden JORC Resource due within weeks | Petra Diamonds (PDL LN) – Partial reopening of S African operations and update on financial restructuring | Tekcapital Plc* (TEK LN) – New f
Companies: FAR MTL OMI RBW PDL TEK
Nokia joins partnership to improve mining communications in underground mining operations | Aura Energy* - (AURA LN) – Further issue of shares | Erris Resources (ERIS LN) –Targets identified at Scottish gold project | European Metal Holdings (EMH LN) – CEZ investment completed | Metals Exploration (MTL LN) SUSPENDED – Updated mineral reserve | Phoenix Copper* (PXC LN) – Second phase of drilling at Red Star | Sunstone Metals (STM AU) – Placing for A$1.73m
Companies: AEE ZNWD EMH MTL
Bushveld Minerals* (BMN LN) – Agreement with redT energy plc to supply electrolyte for Vanadium Redox Flow Batteries | Aura Energy* (AURA LN) – Issue of shares | Greatland Gold (GGP LN) –Havieron project update | Metals Exploration (MTL LN) – Unable to extend the Standstill Agreement, stock suspended | Oriole Resources (ORR LN) – Thani Stratex Djibouti | Orosur Mining* (OMI LN) – Orosur receives US$0.5m from Newmont as part of Anzá project earn-in agreement
Companies: BMN AEE GGP MTL ORR OMI
Arc Minerals (ARCM LN) – Strong Buy – Long intercept of copper at Cheyeza raises prospect of much larger resource | Aura Energy* (AURA LN) – Quarterly Report | Metals Exploration (MTL LN) – Sale of senior loan facility completed | Vast Resources* (VAST LN) – $7.1 Atlas tranche completed
Companies: ARCM AEE MTL VAST
AMRYT PHARMA PLC— a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases have raised $60m before expenses and will relist on the AIM Market on the 25/09/2019
Companies: STEM CGH KAT CCT AET MTL AGL ARS AFHP SEN
Altus Strategies* (ALS LN) – Gold/copper exploration license secured in norther Ethiopia | Beowulf Mining* (BEM LN) – Drilling shows extension of higher-grade graphite zone at at Aitolampi graphite in Finland | Chaarat Gold* (CGH LN) BUY – 42p – Fundraise update | Metals Exploration (MTL LN) – Lenders to extend their standstill agreement | Sunrise Resources Plc (SRES LN) – CS Project well received at inaugural NPA meeting
Companies: BEM CGH MTL SRES ALS
Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Loungers plc—the operator of 146 café/bar/restaurants across England and Wales under the Lounge and Cosy Club brands, announces its intention to seek admission on AIM, offer to raise £61.6m at 200p with market cap of £185m, expected 29 April 2019. SDX Energy plc—a North Africa focuse
Companies: BXPHAR MTL SYS DNL IXI PTR BIOM STX RTC TRAF
African Battery Metals (ABM LN) – Investment and Option Agreement with Katoro Gold | Alara Resources (AUQ AU) – €60m investment agreement with Al Hadeetha Resources | BlueRock Diamonds* (BRD LN) – Permission for continuous operations | GCM Resources (GCM LN) – second joint venture with Power Construction Corp of China | Metals Exploration (MTL LN) – Nomad resigns | Ormonde Mining* (ORM LN) – Brookfield to buy out Oaktree in effort to rival private equity giant, Blackstone
Companies: POW GCM MTL ORM BRD
Aston Bay Holdings* (BAY CN) – Elaine Ellingham appointed to Advisory board | Cradle Arc Plc* (CRA LN) – Provisional judicial manager recommends full judicial management in Botswana High Court | Metals Exploration (MTL LN) – Operations review results | Phoenix Global Mining* (PGM LN) – Increasing its land position at Empire | Rio Tinto (RIO LN) – Iron ore dominates 2018 earnings but copper recovers strongly
Companies: BAY CRA MTL PXC RIO
Central Asia Metals (CAML LN) – Consolidation of Debt | KEFI Minerals* (KEFI LN) – Tulu Kapi update | Metals Exploration (MTL LN) – CEO appointment | Solgold* (SOLG LN) – Discovery of copper/gold mineralisation at Porvenir
Companies: CAML KEFI MTL SOLG
Research Tree provides access to ongoing research coverage, media content and regulatory news on Metals Exploration plc. We currently have 45 research reports from 3 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
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
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
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
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
Companies: Shanta Gold Limited
Wressle update
Companies: Union Jack Oil 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.
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
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
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
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
• 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
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
