Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Rambler Metals And Mining. We currently have 61 research reports from 6 professional analysts.
Oriole Resources (ORR LN) – Iamgold to start drilling at Senala project, Senegal | Rambler Metals* (RMM LN) – Agreement for possible utilisation of Nugget Pond gold circuit | Metal Tiger (MTR LN) – Metal Tiger terminates acquisition jv in Thailand | Talga Resources* (TLG AU) – Talga joint venture with Faraday may have some similarity with Samsung solid state battery development
Companies: ORR RMM MTR TLG
Rambler Metals* (RMM LN) 1.5p, Mkt Cap £19m – Building solid foundations for growth | W Resources (WRES LN) 0.23p, Mkt Cap £15m – First blast at the Régua tungsten project in Portugal
Companies: Rambler Metals And Mining W Resources
Rambler Metals’ Ming underground copper / gold mine and associated Nugget Pond mill and Goodyear Cove port site in Newfoundland is an established copper producer. Recent successful efforts to establish the depth continuity of high-grade mineralisation underpins a stabilisation of the company’s initial 1250tpd processing target and may eventually justify a future expansion to over 2000tpd Even though the industry faces a looming supply deficit, copper remains essential for the growth of electrification and the proliferation of the new battery metals powered green economy with a potentially beneficial influence on copper price. Canada provides a stable operating environment with an established physical, legal and fiscal infrastructure and access to a skilled mining workforce.
Companies: Rambler Metals And Mining
Aura Energy* (AURA LN) – Shares issued to advisors | Rambler Metals & Mining* (RMM LN) – Increased mineral resource at the Ming copper/gold mine
Companies: Aura Energy Rambler Metals And Mining
Altus Strategies* (ALS LN) – Publication of a circular with regards to a £6.4m La Mancha equity investment | Anglo Asian Mining* (AAZ LN) – 81.4koz GEOs produced in FY19 with net cash position up at $21.1m | Orosur Mining* (OMI LN) – | Q2 results highlight Newmont’s continuing interest in Anzá | Rambler Metals & Mining* (RMM LN) – Off-take partner financing facility | Savannah Resources* (SAV LN) – Mining licence issued at Mutamba | Serabi Gold (SRB LN) – Over 40,000oz gold production for the first time in 2019 | Strategic Minerals* (SML LN) –Cobre magnetite sales
Companies: ALS AAZ OMI RMM SAV SRB SML
Calisen Group. Potential Intention to Float. Owner and manager of essential energy infrastructure assets . Consolidated FY Dec 18 revenue £162.1m and operating profit £25.4m. Raising up to £300m in primary plus partial vendor sale. The Global Sustainable Farmland Income Trust will invest in a diversified portfolio of operational farmland assets located in major agricultural markets including the United States, Europe, New Zealand, Australia and certain countries within Latin and South America. Raising up to $300m. Due 28 February. Investment firm Nippon Active Value fund is seeking to raise up to £200m at an issue price of 100p per share via an IPO. The company aims to invest in a portfolio of quoted Japanese stocks with market capitalisations of up to $1bn. First day of dealings expected early February.
Companies: MJH FIPP PGH BOOM TPFG OSI D4T4 OMG SAV RMM
Aura Energy* (AURA LN) – New shares in respect of a Lind convertible facility | Rambler Metals & Mining* (RMM LN) – Convertible loan note update | Vast Resources* (VAST LN) – Start of drilling at Baita Plai
Companies: AURA RMM VAST
Base Resources (BSE LN) – Toliara, Ranobe ore reserve shows high-grade ilmenite, rutile, leucoxene and zircon | Rambler Metals & Mining* (RMM LN) – Latest high-grade results from the Ming Mine drilling | Rio Tinto to spend US$4bn on new iron ore projects in Australia (Bloomberg) | Strategic Minerals* (SML LN) –Tax rebate for Cornwall Resources’ Redmoor exploration | Tertiary Minerals* (TYM LN) – Issue of convertible
Companies: BSE RMM SML TYM
Amur Minerals* (AMC LN) 2.7p, Mkt Cap £21m – £1.2m equity raise | Anglo Asian Mining* (AAZ LN) 146p, Mkt Cap £166m – Q3 exploration update: new gold-copper mineralisation discovered | Bushveld Minerals* (BMN LN) 22.25p, Mkt Cap £268m – Bushveld prime the market for VRFB batteries with investment into Avalon takeover of RedT | Cora Gold* (CORA LN) 6.9p, Mkt Cap £8.9m – Summary of recent exploration work at Sanankoro | Georgian Mining Corporation (GEO LN) 1.175p, Mkt Cap £1.6m – Outotec to help modernise the Madneuli copper concentrator in Goergia | Rambler Metals & Mining* (RMM LN) 1.375p, mkt cap £18m – Drilling results from the Ming Mine | Shanta Gold (SHG LN) 8.6p, Mkt Cap £68m – $1.4m VAT refund
Companies: AMC AAZ bmn CORA GEO RMM SHG
Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.
Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF
Bacanora Lithium (BCN LN) – Closure of Ganfeng Lithium funding and Board changes | Bluejay Mining* (JAY LN) - BUY - Target price 21.3p – 2019 Disko-Nuussuaq exploration update – new drill ready targets identified | Caledonia Mining (CMCL LN) – Power supply interruptions slow gold production at Blanket mine in Zimbabwe. Shaft sinking completed at new Central Shaft. | KEFI Minerals* (KEFI LN) – The Company congratulates PM Abiy Ahmed on Nobel Peace Prize win | Rambler Metals & Mining* (RMM LN) – Copper production rises at Ming Mine and Nugget Pond in Canada to highest level since 2014 | Sirius Minerals (SXX LN) – Financing remains major question as Sirius signs offtake agreement with Muntajat Group | Vast Resources* (VAST LN) – Heritage Concessions License and Funding Update
Companies: BCN JAY CMCL KEFI RMM SXX VAST
Australian Vanadium (AVL AU) – MOU for VSUN grant and instillation of a new Solar and VRFB battery solution in Pilbara | Chaarat Gold* (CGH LN) – Interims: acquisition of producing Kapan and de-risking of Tulkubash development project | Rambler Metals & Mining* (RMM LN) – General meeting | Serabi Gold (SRB LN) – Presentation highlights pathway to 100,000oz gold production
Companies: CGH RMM SRB
Ariana Resources (AAU LN) – Tavsan Far North discovery | Aston Bay Holdings* (BAY CN) – Option on mineral rights at Buckingham Gold project in Virginia, USA | Australian Vanadium (AVL AU) – awarded ‘major project status’ | Bluejay Mining* (JAY LN) BUY – Target price 21.3p Bluejay ships 42,000t bulk sample from Greenland to Canada | Mkango Resources* (MKA LN) – Appointment of lead engineer for the Songwe Hill Feasibility Study | Rambler Metals & Mining* (RMM LN) – Closure of convertible loan | Strategic Minerals* (SML LN) – R & D Grant for Leigh Creek copper mine
Companies: AAU BAY JAY MKA RMM SML
Altus Strategies* (ALS LN) 4.8p, Mkt Cap £8.5m – Proposed JV on Lakanfla and Tabakorole in Mali | Anglo Asian Mining* (AAZ LN) 149.5p, Mkt Cap £171m – Comment regarding media article | Ariana Resources (AAU LN) 2.175p, Mkt Cap £23.0m –Salinbas drilling and licence update | Aston Bay Holdings* (BAY CN) $0.065, Mkt cap C$7.6m – Soil sampling underway at Buckingham Gold project in Virginia, USA | KEFI Minerals* (KEFI LN) 1.0p, Mkt Cap £7.0m – Appointment of NED | Rambler Metals & Mining* (RMM LN) 0.075p, mkt cap £12.3m – Lombard Odier convertible loan closes
Companies: ALS AAZ AAU BAY KEFI RMM
AfriTin Mining* (ATM LN) – First concentrate from Uis tin project and offtake agreement | Atalaya Mining (ATYM LN) – Mechanical completion of expansion to 15mtpa at Proyecto Riotinto | BlueRock Diamonds* (BRD LN) – BlueRock sells another diamond for more than US$50,000 | Cora Gold* (CORA LN) – Drilling results from Sanankoro | Mkango Resources* (MKA LN) – Songwe Hill and Thambani project updates | Rambler Metals & Mining* (RMM LN) – H1 2019 results, operational update and US$5m convertible loan | Tri-Star Resources* (TSTR LN) – Operational update
Companies: ATM ATYM BRD CORA MKA RMM TSTR
Research Tree provides access to ongoing research coverage, media content and regulatory news on Rambler Metals And Mining. We currently have 61 research reports from 6 professional analysts.
|12Mar20 12:12||RNS||Result of General Meeting|
|12Mar20 07:00||RNS-R||Maritime and Rambler sign Letter of Intent|
|05Mar20 15:13||RNS||Rambler Increases Mineral Resources|
|26Feb20 07:00||RNS||Notice of General Meeting|
|06Feb20 13:57||RNS||Rambler Continues Strong Performance in H2 2019|
|14Jan20 07:00||RNS||Financing Facility with Transamine|
|23Dec19 07:00||RNS||Update on Convertible Loan Note Financing|
Sylvania's share price has fallen 53% since its peaked on the 21st Feb, as the global economy hit the brakes. The short term demand outlook for PGMs is miserable, with supply chains breaking down as both luxury goods and car sales sales collapse.
Companies: Sylvania Platinum
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts next week, though optimism was tempered by concern that the curbs will not avert a glut. The OPEC+ coalition including Saudi Arabia will hold a meeting of its members by video conference on Monday, with the gathering open to even producers outside the group. While it's unclear who will attend, market watchers are predicting that stockpiles are likely to swell even if global supplies are cut by 10 million barrels a day. Investors will be closely watching the guest list of the meeting -- especially names outside the Organisation of Petroleum Exporting Countries and its allies -- after Saudi Arabia made clear it will only cut production if others, including the US, shoulder some of the burden. US West Texas Intermediate futures ended the week up 32%, while Brent crude jumped 37%. Still, prices are less than half the levels at the start of the year, with the coronavirus crisis crushing demand. One delegate from the producer group said a global cut of 10 million barrels a day is a realistic goal. Russian President Vladimir Putin told the country's top oil executives that producing countries should join together to slash output to reverse the collapse in prices, adding that worldwide curbs of a little above or below 10 million barrels a day are possible. Meanwhile, US President Donald Trump is convening an extraordinary gathering of the nation's biggest refiners and producers at the White House on Friday. They are expected to discuss possible relief efforts from the administration, including potential American output cuts. Prices: West Texas Intermediate for May delivery rose $3.02 to settle at $28.34 a barrel Friday. Global benchmark Brent crude for June settlement jumped 14% to $34.11 a barrel. Gasoline futures rose 2.88 cents to 69.16 cents a gallon Friday. Getting countries from all over the world to agree would be a tough task. Even if that's successful, an output reduction of the size that's being discussed will be just a fraction of the 35 million barrels of daily demand destruction some traders now see
Companies: FOG PVR 88E DGOC EME UKOG TRIN UOG
Shearwater sells resilience and today's trading update shows us how resilient demand has been for its products and services. The Group has swung to EBITDA profitability and cash flow is well ahead of expectations. The macro themes of cyber security and remote working are supportive of robust demand levels going forward. We are maintaining our forecasts. Buy.
Companies: Shearwater Group
Despite the severe effect of Covid-19 in the United States, normal operations continue for Diversified Gas & Oil (DGO), with little or no impact as a result of the virus. DGO's low decline production, low operating costs and proactive hedging programme, mitigate the impact of the low commodity prices, locking in cash flows and protecting the dividend. With rigs, capital and companies abandoning US oil shale, production is expected to plateau in May 2020 before declining. The decline in US oil shale production will also translate into lower associated gas production. Whilst existing stockpiles may be large enough to prevent a rally in gas prices this year, it sets the stage for a tighter market in 2021 as gas production continues to fall as demand rebounds. Whilst many of its North American and London listed peers have reduced, suspended or cancelled their dividend, DGO remains committed to maintaining its dividend to its shareholders. We reiterate our BUY recommendation and our 148p/share price target.
Companies: Diversified Gas & Oil
SolGold have successfully converted the Alpala resource into the Measured Resource category and at the same time, added another 1.6 Mt of copper, 2.5Moz of gold and 92.2 Moz of silver. This third resource update cements the scale and the viability of the operation, as well as increasing the value of the contained metal by 19% to $95bn.
Central Asia Metals (CAML LN) having previously announced strong operating performance for 2019 released strong earnings results leaving the company well placed to cope with current pricing weakness and global uncertainty. Revenue of US$171.7m was down 3%, largely due to weaker commodity prices YoY. The weaker top line led to EBITDA of US$108.6m, down 15% YoY, however, margins were broadly maintained at 60% due to CAML’s low cost base. Net finance costs were down 27% as CAML continued to deleverage ending the year with net debt of US$80.2m implying a trailing net debt/EBITDA of 0.74x. EPS from continuing operations was consequently down 6.3% YoY while capex of US$12.1m, down 24% YoY, meant that levered free cash flow of US$69.8m was down just 5% YoY.
Companies: Central Asia Metals
Caledonia today announces that it has taken the prudent decision to defer its approval for the payment of the second quarterly dividend (7.5c/sh - $0.9m - 7% of declared Caledonia cash). The Blanket mine in Zimbabwe remains in operation (at a slightly reduced capacity to secure Covid-19 social distancing) and the mine site remains well-stocked with supplies, so despite the current difficulties getting supplies from South Africa production at the mine can continue for some time to come; 2-3 months in our opinion, if the supply chain from South Africa ceased altogether. Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released an update in light of COVID-19. The Board reports that it has taken swift action to re-engineer processes to adhere to government guidelines, whilst maintaining client service levels. Q1 2020 trading is reported to have been ‘broadly' in line, with revenue growth of 40% from continuing operations and outstanding orders to ship to customers in the coming months. Q1 was cash neutral, which follows on from the RNS on 5 February, of a net cash position of £849k as at 31 December 2019.
Companies: Caledonia Mining Corporation Plc Com Shs Npv Touchstar
We are reinstating coverage with a Buy rating and price target of 50p following the recent £15m share placing to fund production scale-up for micro-batteries. Our TP reflects a DCF of the micro-battery business which has sufficient customer interest to achieve over £12m annual sales by FY23 and £25m later this decade we believe, generating EBITDA of £1.7m and £7m respectively.
The Charlie-1 appraisal well has encountered movable condensate gas within the Torok formation in both the Middle Stellar and Lower Stellar targets, with the Company successfully recovering hydrocarbons to surface from both targets. The presence of movable condensate gas probably raises more questions than answers, with BP's Malguk-1 well, drilled in 1991, confirming oil in the Stellar targets. A potential explanation for this result could be facies change within the Torok, but we believe this would be highly unlikely, with Charlie-1 drilled proximal to the Malguk-1 well. Alternatively, we know that Malguk-1 ran into operational difficulties, which may have resulted in the data being compromised, raising further questions as to data validity. Whatever the reason, further analysis is required to determine if the discovery can be commercialised. We maintain our target price and valuation until the results of the Charlie-1 well are better understood.
Companies: 88 Energy
Much of the UK’s privatisation programme took place between the early 1980s and the mid-1990s: subsequent sales have been few. Undoubtedly, privatisation attracted many private investors to the market, many for the first time.
Companies: AVO AGY ARBB ARIX BUR CLIG DNL FLTA GDR NSF PCA PIN PXC PHP RE/ RECI RMDL STX SCE SIXH TRX SHED VTA
PowerHouse has signed an option for an exclusivity agreement for the UK with Peel Environmental. This potentially makes Peel the lead developer of DMG waste-to-energy projects, both on its own extensive land bank and on sites belonging to councils and waste management companies and other industrial partners across the UK. The agreement provides a mechanism for PowerHouse to monetise its IP through licensing and means PowerHouse will not need to raise finance for individual projects.
Companies: Powerhouse Energy Group
Oil declined for a fifth straight week amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply from producers vying for market share. Futures in New York slumped 4.8% on Friday and are poised for the biggest quarterly drop on record as weak demand and an onslaught of supply roil markets. Refineries across the globe are curbing consumption as fuel use declines with people staying home. Meanwhile, major trader Trafigura Group expects as much as 1 billion barrels to be sent into storage tanks. More oil is headed into stockpiles as the Russia-Saudi war for market share that exacerbated crude's crash this month shows no sign of abating. The kingdom held firm on Friday, saying it hasn't had any contacts with Moscow about output cuts or on enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow. US crude has tumbled about 65% so far this quarter. The crash has crippled domestic producers who are forced to cut production for the first time in 35 years. The International Energy Agency this week warned that global demand was in “free fall” amid coronavirus lockdowns. Meanwhile, Iraq -- OPEC's second-biggest producer -- will allow national oil companies to boost their output and export without imposing any ceiling. Algeria has asked for an emergency OPEC board meeting to discuss the cuts. It comes as one of the world's largest supertanker owners said that ships are being filled with crude at a record pace, as land storage rapidly diminishes. Prices: West Texas Intermediate fell $1.09 to settle at $21.51 a barrel in New York on Friday. Prices dropped 4.1% this week. Brent crude lost $1.41 to settle at $24.93 a barrel. Swaps markets show that physical crude is selling several dollars below benchmark prices. The signs of storage starting to fill are growing, too. Inland tanks for heating oil in Germany are now full, while Pakistan banned oil imports on Thursday because its stockpiles are now sufficiently built up. Rigzone.
Companies: FOG PVR 88E DGOC EME POS TRIN UOG
Falcon Oil & Gas has announced it has farmed down a 7.5% interest in the Beetaloo Sub-basin to Origin Energy, with Origin increasing the gross cost cap of the Stage 2 and Stage 3 Beetaloo work programme by A$150.5m (cUS$92m) to A$263.8m (cUS$161m). As a result of the farm-down, we believe Falcon is now substantially funded for Stage 2 and Stage 3 work programme, eliminating equity and dilution risk for shareholders. Perhaps more importantly, Falcon is also fully funded through one of the greatest periods of uncertainty in the history of the oil and gas industry.
Companies: Falcon Oil & Gas