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Companies: Sylvania Platinum Ltd.
Companies: Pensana Plc
• Chariot, the Neura Group, H1 Holdings and Meadows Energy have formed Etana Energy, a new electricity trading company in South Africa. Etana is one of the few companies granted an electricity trading licence in the country.
• The licence allows Etana to sell and buy electricity on the grid, opening up access to a range of high-volume off-takers including municipal, industrial and retail customers.
• Chariot, H1 Holdings and Meadows Energy hold respectively 25%, 21% and 5% of Etana and bring ex
Companies: Chariot Limited
A recent site visit to CAML’s Sasa zinc-lead mine in North Macedonia has further strengthened our view that the operation is well on course to make the planned transition to cut-and-fill (C&F) mining next year, securing a sustainable path for profitable operations for many years to come. Since taking ownership of Sasa five years ago, CAML has netted US$439m of revenue from zinc and lead sales and generated US$280m of EBITDA. Such robust profitability has enabled the group to fully repay the US$1
Companies: Central Asia Metals Plc
Alternative Resource Capital
Diversified Energy (Diversified) is focused primarily on US natural gas production. Its strategy is to acquire and operate producing energy assets, which has seen it grow rapidly and create significant shareholder value. Since its 2017 IPO, the group has grown reserves 15x, increased production over 280x, raised the dividend 11 times and grown its market value 16x to £1.1bn. Diversified is currently the 2nd largest independent energy company by production, the 4th largest by market value and the
Companies: Diversified Energy Company PLC
South Harz Potash (“SHP”) has today announced an exploration licence permit extension as the Thuringian government continues to demonstrate its commitment to developing the mining sector in the region. This follows last week’s announcement of a A$3m equity raise at a share price of A$0.045, a 5.3% discount to the last close, from new and existing shareholders including A$625,000 from SHP Directors. The aim of this raise is to continue development of Ohmgebirge PFS workstreams, with completion an
Companies: South Harz Potash Ltd
Hannam & Partners
Companies: IOG PLC
Verbier licence extension
Companies: Jersey Oil & Gas PLC
Calima Energy (CE1 AU)C; Target price of A$0.60 per share: Market cap paid back in 2 years, even after incorporating higher differentials - Four wells out of the five well 4Q22 programme have now been drilled with two wells already in production. Gemini#10 is producing in line with the type curve (IP of 120 boe/d gross and 60 boe/d net to Calima 50% WI). Gemini #11 was put into production on 24 November while Gemini#12 will be brought
Companies: PEN TCFF ALV CE1 HHR ALV RHC RHC SOU EOG ENQ ZPHR IOG PMG NOG SDX CHAR PEN
Work programme update and Q3 2022 results
Companies: Arrow Exploration Corp.
Forecast and valuation update
Companies: Bowleven plc
As indicated with the 1HFY23 trading update, Trifast posted strong revenue gains, but underlying profitability suffered, and net debt ended the period at £40.4m (IAS 17). Given strong management action, including implementation of an operational improvement programme and the establishment of a new Executive Committee we anticipate a much improved 2HFY23. We make no material changes to our forecasts and continue to expect Trifast to report FY23 adjusted profit before tax (PBT) of £14.2m. Manageme
Companies: Trifast plc
AfriTin has released assay results of a further five holes from its 50-hole programme aimed at upgrading confidence in the lithium and tantalum resource in the V1V2 pegmatite at its flagship Uis project in Namibia. The results continue to support the previous geological model and show grades roughly in-line with the Inferred Resource for lithium (0.63% Li2O) and tantalum (85ppm Ta), with some notable higher-grade areas. Highlights include 10m @ 1.35% Li2O from 211m and 38m @ 1.00% Li2O from 107m
Companies: AfriTin Mining Ltd.
SolGold (“SOLG”) has announced it is raising ~US$36m of new equity through the issuance of 180m new shares, including 155m to Jiangxi Copper (Hong Kong) Investment Company Limited ("Jiangxi"). Jiangxi, a Chinese state-owned enterprise and the largest copper producer in Mainland China, will have a 6.3% shareholding in SOLG upon closing of the raise, expected around 9 Dec subject to due diligence. This new cash will further bolster the balance sheet following the announcement on 7 Nov of a US$50m
Companies: SolGold Plc (SOLG:TSE)SolGold Plc (SOLG:LON)