Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Tertiary Minerals. We currently have 41 research reports from 3 professional analysts.
Ariana Resources* (AAU LN) 3p, Mkt Cap £31.3m – Sample results from Kepez North | Bushveld Minerals* (BMN LN) 9.3p, Mkt cap £107m – Invinity (redT/Avalon) raises a further £7.9m to roll out VRFB developments | Tertiary Minerals* (TYM LN) 0.2p, Mkt Cap £1.3m – American institution invests £600,000 | SP Angel Healthcare - Smith and Nephew to build OxVent ventilators | Avacta (AVCT.L) Trading update and £2m subscription
Companies: AAU bmn TYM
Beowulf Mining* (BEM LN) – Co-investment with Vadar in exploration in Kosovo | Centamin (CEY LN) – No Cases of Covid19 – supply chain still operating normally | Cora Gold* (CORA LN) – COVID-19 related update | Firestone Diamonds (FDI LN) – Suspension of operations at Liqhobong | SolGold* (SOLG LN) – Implementation of virus control measures | Tertiary Minerals* (TYM LN) – Managing Director moving on | Versarien (VRS LN) - Joint venture agreement signed with Young-Graphene Technology in China | Novacyt (NCYT.L): Agreements struck with Bruker and Yourgene | Polarean Imaging (POLX.L): Change of General Meeting Venue | Silence Therapeutics (SLN.L): Strategic collaboration with AstraZeneca (AZN.L)
Companies: BEM CEY CORA FDI SOLG TYM VRS NCYT POLX SLN
Glencore (GLEN LN) – Glencore report 2019 loss as marketing department serves to rescue customers as Wuhan virus disrupts commodity supply chains. | Medusa Mining (MML AU) – Co-O L8 Shaft operations restarted | Pan African Resources (PAF LN) – Positive interim result on strong production and gold prices | Sirius Minerals (SXX LN) – Private investor opposition | Tertiary Minerals* (TYM LN) – Pyramid Gold project Nevada
Companies: GLEN MML PAF SXX TYM
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
Centamin (CEY LN) – Q2 Production and exploration update | Edenville Energy* (EDL LN) – Start of mining operations at the Northern Area to drive coal run rates up | Peak Resources (PEK AU) – Rare earth market update | Rio Tinto (RIO LN) – Oyu Tolgoi schedule delayed for additional technical studies | Shanta Gold (SHG LN) – Q2 Production keeps Shanta on track to achieve 2019 production guidance | Tertiary Minerals* (TYM LN) – Sale of shares in Sunrise Resources
Companies: CEY EDL PEK RIO SHG TYM
Anglo Asian Mining* (AAZ LN) – Robust production and strong margins driven net cash to $15.4m in Q2/19 | Avesoro Resources (ASO LN) – Youga mining contract expected to help close funding gap | Shanta Gold (SHG LN) – Resource update extends the life of mine to 2025 | Strategic Minerals* (SML LN) – Cobre sales and update | Tertiary Minerals* (TYM LN) – new zones of zinc/silver mineralisation identified at Paymaster
Companies: AAZ ASO SHG SML TYM
Anglo Asian Mining* (AAZ LN) – Research update | ARC Minerals* (ARCM LN) – New board member | Beowulf Mining* (BEM LN) – Local support in Sweden and Funding in Finland suggests good progress | Goldplat (GDP LN) – Closure of Kilimapesa gold mine | Kodal Minerals* (KOD LN) – Development and exploration activities update at Bougouni lithium | Mkango Resources* (MKA LN) – Q1 2019 results | Phoenix Global Mining* (PGM LN) – 2018 results | Tertiary Minerals* (TYM LN) – Interim results | Trans-Siberian Gold (TSG LN) – Mineral resource update and Director appointment | Savannah Resources* (SAV LN) – Significant upgrade in Mina do Barroso Mineral Resource
Companies: AAZ ARCM BEM GDP KOD MKA PXC TYM TSG SAV
AfriTin Mining* (ATM LN) – 3.2p, Mkt cap £17.4m – Phase 1 Pilot plant commissioning starts | Asiamet Resources (ARS LN) 5.4p, Mkt Cap £54.3m – Strategic investor takes 8.55% for US$2m | Bluejay Mining* (JAY LN) 10.12p, Mkt Cap £86.5m – RTIT to test material from Dundas | Hummingbird Resources (HUM LN) 14.5p, Mkt Cap £51m – Annual results highlight operationally challenging 2018 | Jangada Mines (JAN LN) 1.45 pence, Mkt Cap £3.4m –Disposal of Pedra Branca | Tertiary Minerals* (TYM LN) 0.375p, Mkt Cap £1.7m – New exploration project in Nevada | Thor Mining* (THR LN) 0.8p, Mkt Cap £6.5m – New investor presentation | Vast Resources* (VAST LN) 0.14p, Mkt Cap £11m – Results of general meeting and corporate update
Companies: ATM ARS JAY HUM JAN TYM THR VAST
Greatland Gold (GGP LN) – Strategic and operational update | Orosur Mining (OMI LN) – Death of Non-Executive Chairman, John Walmsley | Oriole Resources (ORR LN) – 8km gold anomaly in Cameroon may indicate new gold province | Altus Strategies* (ALS LN) - Laboum project lies within a similar geology to that at Wapouzé in Cameroon | Tertiary Minerals* (TYM LN) – Fluorspar mine accident kills 22, leads to closure of mines in Inner Mongolia | Tietto Minerals (TIE AU) – High-grade gold intersections confirm Ivory Coast Abujar deposit extensions
Companies: GGP OMI ORR ALS TYM
United Oil & Gas (UOG.L) an oil and gas exploration and development company brought to the Official List (Standard Segment) in July 2017 by way of a reverse takeover of Senterra Energy plc. No capital to be raised, expected market cap of £17m and expected 1 March 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. Polemos, to be renamed Digitalbox plc, has agreed to acquire Digitalbox Publishing Holdings Limited for c.£10m through a share for share exchange. The acquisition constitutes a RTO. Polemos has also agreed to acquire the entire issued share capital of Mashed Productions Limited, a digital media business which owns the online satirical news website "The Daily Mash", for a maximum total consideration of up to £1.2m. Market cap on admission £12.4m, expected 28 February
Companies: PYC SRES ARBB TYM PTSG KWS PCIP RPS RPT MLVN
Anglo American (AAL LN) – Broad based improvement, led by coal, continues to reduce debt | ARC Minerals* (ARCM LN) – Sale of Andiamo stake for $0.25m | Glencore (GLEN LN) – coal concession not all what it seems. Dalian coal ban will hurt but Glencore traders will profit in other ways | Horizonte Minerals (HZM LN) –Araguaia project update and start of Vermelho pre-feasibility work | Lonmin (LMI LN) – AMCU union give Lonmin notice of secondary strike action | Sibanye-Stillwater (SGL SJ) – Good results hit by substantial impairment | Tertiary Minerals* (TYM LN) – Polymetallic zinc claim staked in Nevada
Companies: AAL ARCM GLEN HZM LMI TYM
Asiamet Resources (ARS LN) – Progress report on BKM resource drilling | Blushveld Minerals (BMN LN) - Vanadium prices rise again as China continues crackdown on substandard steel rebar producers | Connemara Mining* (CON LN) – Progress report on Stonepark | KEFI Minerals (KEFI LN) – TKGM project partners update Kodal Minerals (KOD LN) – Further high-grade lithium intersections | Tertiary Minerals* (TYM LN) – Raising £250,000 | Tri-Star Resources* (TSTR LN) – Imminent production of the first antimony at the SPMP project
Companies: ARS bmn ARK KEFI KOD TYM TSTR
Anglo Asian Mining* (AAZ LN) BUY – Target Price raised to 108p from 84p – Annual production comes at the higher end of guidance | Atalaya Mining (ATYM LN) – Record Q4 production brings 2018 in at top end of revised guidance | Orosur Mining (OMI LN) – H1 and Q2 results, Newmont investment in Anzá gold project in Colombia and Uruguay developments | Rambler Metals (RMM LN) – US$1m unsecured loan from 60% shareholder | Tertiary Minerals* (TYM LN) – Intends to contest Storuman mine permit rejection | Vast Resources (VAST LN) – Chairman’s letter seeks authority to invest in the Marange Diamond fields in Zimbabwe and to start mining in Romania
Companies: AAZ ATYM OMI RMM TYM VAST
Altus Strategies* (ALS LN) – CAD4.1m raising update | Jubilee Metals (JBL LN) – Agreement to supply Northam with PlatCro material | Ncondezi Energy (NCCL LN) – Progress report for integrated power project in Mozambique | Rio Tinto (RIO LN) – Rio Tinto Q1 production | Sunrise Resources Plc (SRES LN) – VR Resources Ltd commences 2018 surface exploration for Junction project | Tertiary Minerals* (TYM LN) – Progress report on Storuman mine permit application
Companies: ALS NCCL RIO SRES TYM
Dalradian Resources (DALR LN) – Drilling results from Curraghinalt | onmin PLC (LMI LN) – Recommended offer from Sibanye | Mkango Resources* (MKA LN) – Exercise of Warrants | Newcrest Mining Ltd (NCM AU) – Sale of Bonikro mine | Premier African Minerals (PREM LN) – Further drilling results from the Zulu Lithium Project | Tertiary Minerals* (TYM LN) – Annual results and project highlights
Companies: DALR LMI MKA NCM PREM TYM
Research Tree provides access to ongoing research coverage, media content and regulatory news on Tertiary Minerals. We currently have 41 research reports from 3 professional analysts.
|02Apr20 09:05||RNS||Second Price Monitoring Extn|
|02Apr20 09:00||RNS||Price Monitoring Extension|
|02Apr20 07:00||RNS||£600,000 Placing|
|31Mar20 07:00||RNS||Total Voting Rights|
|25Mar20 07:00||RNS||Notice of Resignation of Managing Director|
|19Mar20 14:48||RNS||Result of AGM|
|18Mar20 16:43||RNS||Second Price Monitoring Extn|
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 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
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
Strategic Production Acquisition and TSX Listing i3 Energy announced today that is has entered an option agreement to acquire all of the outstanding shares of TSX listed Toscana Energy Income Corporation. Toscana produced on average 1,065 boe/d in 2019 and has 2P reserves of 4.65 mmboe of which 55% consists of oil (and natural gas liquids) and 45% consists of natural gas. Toscana's low-decline production is located in Western Canada. Toscana's lands include a very large holding over one of Western Canada's leading new oil plays targeting the Clearwater formation. i3 Energy has acquired the entirety of Toscana's $C28.2M of senior and junior secured debt for $C3.4M representing a price of $C0.12 per dollar of outstanding debt. i3 is now Toscana's secured lender. The debt purchase was funded with i3 Energy's existing cash resources. i3 Energy has agreed to issue up to 4,399,224 of its shares, representing circa 4% of i3 Energy's existing share capital to acquire the entirety of Toscana's shares, representing a market value of circa $C0.55M based on the market values of 27 March 2020. We believe the announcement represents a positive and transformational change for i3 Energy.
Companies: I3 Energy
Diversified Gas & Oil is emerging as a new model for the E&P market, balancing low fixed costs with efficient operations to generate consistent cash flows. Since the Company's foundation, DGO's strategy has remained unchanged, delivering stable production, whilst maintaining capital discipline to deliver cash flows and shareholder returns. Efficient operations combined with low fixed costs means DGO can deliver strong margins at low prices - vital in the current environment. The DGO model does not follow that of its capital intensive North American “peers” and nor does it follow that of its international London listed “peers”, putting DGO in a league of its own. With many of the Permian oil producers and Appalachian gas producers cutting back on capex in the current price environment, we see a recovery in the gas prices, with the current oversupply of gas turning into an undersupply as production and stores fall away. We believe the M&A market will provide a great opportunity for DGO over the next 12-24 months, with inevitably some E&P's not being able to survive the current low price environment. We update our model incorporating the extension of the Company's asset retirement agreement with the state of Ohio, the latest forward price curves and the GBP/USD exchange rate, increasing our price target to 148p/share (from 121p/share) and our BUY recommendation.
Companies: Diversified Gas & Oil
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.
Caledonia today provides an update on its Blanket mine in Zimbabwe in the light of the full lockdown other than “for essential services” from today as ordered by President Mnangagwa. The mine is still operating as the authorities will grant exemptions for businesses which demonstrate they can operate in a manner that contributes to the management of the spread of Covid-19 infections. Caledonia has applied for this exemption.
Companies: Caledonia Mining Corporation Plc Com Shs Npv
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
Quadrise’s business development activity has intensified in the last nine months, with progress on opportunities in Morocco, South America, Saudi Arabia (KSA) and the marine sector. COVID-19 will potentially extend the length of time taken to complete trials. However, management notes that the current low oil prices are not likely to have a material impact on interest in using its innovative MSAR fuel as a heavy fuel oil substitute.
Companies: Quadrise Fuels International
Ironveld has signed a range of conditional financing agreements with Inclusive Investment Group (IIG) that mark a step change in its ability to advance its iron, vanadium and titanium project in the prolific Bushveld Complex of South Africa. The agreements will see IIG provide Ironveld with $3.2m in both debt and equity with IIG to take a stake of up to 46.8% in the company subject to certain shareholder approvals. This locks IIG in as a meaningful strategic partner and should allow Ironveld to progress Phase I of its project while it seeks the broader financing required to bring it in to development
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
Oil posted the biggest weekly plunge since 2008, capping its most dramatic week in recent memory as major producers prepare to drench the market with supply just as the coronavirus crushes demand. But prices jumped following the close, after President Donald Trump said the U.S. would fill the nation's strategic reserve. Losses for the week totalled 23% after the collapse of talks between members of the OPEC+ group triggered the biggest crash in a generation. Instead of reaching a deal to cut output to mitigate the fallout from the virus, producers led by Saudi Arabia and Russia embarked on a war for market share and pledged to pump more.
Companies: TGL TXP VLU EGY GTE CNE DGOC ENQ SQZ UKOG TRIN TLW PHAR