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

SP Angel Morning View: Gold ($2,615/oz) holds near record highs as dollar strengthens before PCE data

Hybridan Small Cap Feast - 15 Mar 2024

15th March 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Forward Partners Group (FWD.L) has left AIM following its acquisition by Molten Ventures (GROW.L) What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Change of Market: Our daily digest of news from UK Small Caps If you wo

SP Angel Morning View: Tin prices climb as supply remains constrained from Indonesia and Myanmar

Hybridan Small Cap Feast - 02 Feb 24

2nd February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

SP Angel Morning View: Gold rises on falling US rates ahead of US labour numbers

Wishbone Gold* (WSBN LN) – £300,000 fund raising to progress the Mosquito Creek project, WA

SP Angel Morning View: Fed casts caution on interest rate cuts as focus shifts to key inflation data

SP Angel Morning View: Underwhelming Chinese economic conference results weigh on metal prices

Hybridan Small Cap Feast - 4 Dec 2023

4th December 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

SP Angel Morning View: Gold powers through $2,100/oz on outlook for Fed rate cuts

SP Angel Morning View: Gold breaks $2,000/oz as US dollar hits three-month low

SP Angel Morning View: Lithium prices continue to slide as refiners boost output

SP Angel Morning View: China Deflation calls for more stimulus

Anglo American (AAL LN) – Cost of Sirius Minerals, Woodsmith polyhalite mine triples to US$9bn European Metal Holdings (EMH LN) – Pilot plant tests validate LCP process flowsheet Galantas Gold* (GAL LN) – Up to US$3.0m raise in convertible loan notes Largo Inc (LGO CN) – $12m quarterly loss reported on weak production MetalNRG (MNRG LN) – Soil sampling results from Gold Ridge, Arizona Sylvania Platinum (SLP LN) – Leadership transition Wishbone Gold* (WSBN LN) – Cottesloe diamond-drilling u

Hybridan Small Cap Feast - 08 Nov 23

8th November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Hybridan Small Cap Feast - 01 Nov 23

1st November 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje

Rockhopper Exploration (RKH LN) - Italian arbitration insurance and Italian assets disposal

Rockhopper has announced two updates. First, it has taken out an insurance policy against its upcoming Italian arbitration annulment court decision, underpinning a cash payment of EUR31m for Rockhopper. Second, it has disposed of its remaining Italian assets portfolio, removing forward decommissioning liabilities for the company.

Zeus Industrials Round-Up - 11 October 2024

The UK industrial sector expanded for a fifth consecutive month in September per manufacturing PMI data, although activity was slightly softer MoM as employment levels, inventories and business confidence declined per the survey, primarily due to uncertainty regarding the Autumn Budget, US elections and subdued global market conditions. Global inflation data has been encouraging and we await next week’s UK payroll data to understand the BoE’s next decision, although it is widely anticipated that

Pantheon Resources (PANR LN) - Comprehensive Update Note

Pantheon Resources anticipates commencing drilling operations at Megrez-1 in early November, with drilling operations expected to take approximately one month to reach total depth. We believe that Megrez-1 is by far the most exciting well ever drilled by Pantheon Resources due to our high confidence that the reservoir of the targeted Ahpun East Topsets (609 million barrels of prospective recoverable best estimate resources) will be of an exceptionally high quality – success would unlock correspo

Oil & Gas - Cavendish sector note

PetroTal Corp, BP, Petro Matad, Gulf Keystone Petroleum, Zephyr Energy, Ithaca Energy, Equinor, Angus Energy, Shell, Var Energi, OMV AG Source: FactSet, weekly change 07/10/2024-11/10/2024 Oil eased following a day of choppy trading as investors booked profits and unwound some positions ahead of Israel’s expected retaliation against Iran and the potential rollout of fresh economic stimulus in China. West Texas Intermediate settled below $76 a barrel while Brent settled near $79 a barrel. Both be

Kenmare Resources: Q3 preview – Moma operations to improve in H2

Kenmare Resources (“KMR”) will release its Q3 production update on 17th October 2024. KMR expects output to rise in H2 driven by higher forecast grades, and sales to be supported by improved weather, following the conclusion of the rainy reason. As such, we estimate heavy mineral concentrate (“HMC”) production in Q3 of 399kt (+17% QoQ), delivering final ilmenite output of 284kt (+19% QoQ). The drawdown of intermediate stockpiles in H2 should support production of zircon (H&Pe 14kt in Q3, +9% QoQ

SP Angel Morning View: Copper bounces as traders look to China for more support on Saturday

PANMURE LIBERUM: Emmerson: Unfavourable ESIA recommendation; Emmerson reviewing options

Record throughput, but grades remain a concern

Insures to secure guaranteed substantial Ombrina Mare payout

SP Angel Morning View: Gold regains ground as Russia pushes BRIC countries for de-dollarisation

Hybridan Small Cap Feast - 14 October 2024

* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024: Applied Nutrition, the sports nutrition, health

PANMURE LIBERUM: Mining LOWdown: AMRQ: first gold at Nalunaq in Q4'24; ATYM: FY24 production target reduced

Power Metal Resources* (POW LN) – FLASH NOTE - Incubation Strategy Success Continues with Uranium JV

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

Morning Note – 30 September 2024