SP Angel Morning View: Metals extends gain on positive reaction to China fiscal stimulus

Phoenix Copper Ltd (PXC LN) - Operational, financial and corporate update

Phoenix Copper, the AIM listed explorer and mine developer with projects in Idaho, USA, including the flagship Empire copper project, today reports its interim results for the six-month period ending 30 June 2024.

SP Angel Morning View: Gold whipsaws in wake of FOMC as miners reiterate discipline on M&A amid rising cashflows

SP Angel Morning View: Iron ore prices climb as China stimulus optimism improve

SP Angel Morning View: Copper prices climb over $10,000/t after sell-off

Allenby Capital Commodities Viewpoint - May 2024

Copper has been discovered by financial practitioners of late. Since early March 2024, the metal has surged in price by over 32% to record levels despite the market being in approximate balance. Financial interest has been driven by the spectre of huge copper supply deficits later in the decade related to the energy transition and constrained supply reflecting declining ore grades and the lengthy lead times for mine development. This the bulls argue will drive copper into the stratosphere. A pri

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

SP Angel Morning View:Copper short squeeze continues as speculation CMOC and Trafigura caught out

SP Angel Morning View: Copper strengthens again as China smelters look to ramp up exports

Phoenix Copper - Mineral Reserve Statement for the Empire Open-Pit Mine

Phoenix today reports an updated mineral resource estimate for its Empire Mine copper project (plus gold and silver) in Idaho, including, for the first time, a mineral reserve statement. Mineral reserves are the portion of a mineral resource that are economically recoverable according to the assumptions applied in the estimation.

SP Angel Morning View: Copper holds higher ground as markets look for US interest rate guidance

SP Angel Morning View: Gold soars to two-month high as traders reconsider June rate cut potential

SP Angel Morning View: Lithium stocks rally on rumours CATL is closing a major lepidolite mine

Phoenix Copper - Positive start to year with new contract wins

Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has announced an order valued at £0.35m in their QRO Solutions business, which provides ANPR solutions for a range of customers including a number of UK police forces. The order is expected to be delivered during 2024, with the customer representing one of the UK's largest police forces and a new customer to the business. QRO will deliver their proprietary Q-Bo

SP Angel Morning View: Copper poised to rise as Chinese smelters struggle to source concentrate

Morning Note – 7 October 2024

PetroTal (PTAL LN) - Q3 operations update

PetroTal has released its Q3 operations update, reporting a strong production performance and expectation of being towards the top end of full year 2024 production guidance. Development drilling at Bretana continues, the Block 131 acquisition is nearing completion, and there is also an update on the test exports via Ecuador.

Afentra - Off to the races

Following the successful completion of Afentra’s third acquisition in Angola, the company now holds a meaningful 30% non-operated interest in producing Block 3/05 and a 21.33% non-operated interest in development ready Block 3/05A. The result is a significant new African independent company, with c6,700bopd of production and 52mmbbls of 2P+2C reserves and resources, backed by material cash flow and a strong balance sheet. With a portfolio of both near-term, low-cost, short-cycle growth opportuni

PetroTal Corp (AIM: PTAL): Production and cash well above expectations

• 3Q24 production was 15,160 bbl/d. This is well above expectations of 13 mbbl/d. While the river levels were at record lows, PetroTal has maximized the barge fleet capacity during the quarter. • Production during the first week of October was 10.7 mbbl/d. With the end of the dry season in sight, production is expected to return to capacity by mid-November, • As a result, FY24 production is expected to be at the top end of the 16.5-17.5 mbbl/d guidance. • Petrotal held US$133 mm in cash (US$121

Oil & Gas - Cavendish sector note

Savannah Energy, Empyrean Energy, Seascape Energy Asia, Touchstone Exploration, Petrofac, Capricorn Energy, Challenger Energy, Block Energy, Enwell Energy, SDX Energy, Petro Matad, Serica Energy, TotalEnergies, Valeura Energy Source: FactSet, weekly change 30/09/2024-04/10/2024 Oil pared gains after President Joe Biden sought to discourage Israel from attacking Iran’s oil fields. West Texas Intermediate rose 0.9% to settle above $74 a barrel on Friday, after earlier surging as much as 2.5%. Crud

Ango Asian Mining* (AAZ LN) - FLASH NOTE - Gedabek is ready to restart with Demirli to upgrade growth profile

Coringa PEA

SP Angel Morning View: Rio Tinto in discussions to potentially acquire world's third largest lithium producer

Jubilee Metals (JLP LN) - Audited results for FY24 (June)

Jubilee today announces its audited results for FY24 which ended in June. Revenues rose to $205.4m from $170.9m in FY2023 (Zeus estimate was $208.8m). Group EBITDA fell to $27.7m from $29.8m (Zeus $26.6m) with eps falling from 0.58c/sh to 0.21c/sh (0.3c/sh). Capex fell to $36.9m from $65.9m with gross cash at the end of the period at $19.3m from $15.9m at the end of June 2023. Chrome is now poised to take on more of a roll in operating cash flow and profits as the Thule plants are brought on str

Oriole Resources* (ORR LN) – FLASH NOTE – Abundant gold in Mbe trenching

Oriole Resources is an AIM-quoted gold exploration company holding an expansive suite of prospective gold licences across West and Central Africa, with a particular focus in Cameroon, a deeply under-explored and recently reformed mining jurisdiction. The Company provided an update for its 80% owned Mbe gold project in Cameroon, where Oriole is free-carried as BCM International earns up to 50% of the project.

SP Angel Morning View: Chinese shut additional high-cost lithium mines in Zimbabwe

Petro Matad (MATD LN) - Heron updates; Gobi Bear-1 initial drilling result

Petro Matad has announced various operational updates. These include an important regulatory permission for permanent Heron production facilities; further progress on Heron offtake agreements; preparations for Heron-2 well testing and targeted 2024 production; and an initial result from the Gobi Bear-1 exploration well, where further analysis will be required preparatory to potential flow testing.

Allenby Capital: Panthera Resources - Update

GreenX Metals (GRX:ASX/LSE) has recently announced the successful conclusion of litigation relating to an international arbitration claim against the Republic of Poland under the Australia-Poland Bilateral Investment and Energy Charter Treaties. The compensation awarded by a tribunal of £252m followed a well-established procedure under the auspices of the United Nations Commission on International Trade Law Rules (UNCITRAL) rules. The original claim brought by GreenX related to actions by the Po

PANMURE LIBERUM: Ferrexpo: Challenges Continue

Morning Note – 30 September 2024