Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
New presentation just out from Resolute Mining.
https://www.rml.com.au/wp-content/uploads/2023/11/RSG_Presentation_MinesMoney_November-2023.pdf%0A
Reassuring update on the gold production and MTR progress. Pathway towards c. 250,000oz Gold.
"Gold production for the half year is expected to be between 94,000oz to 98,000oz (H1 FY2023: 92,307oz), an increase of between 2% and 6%, respectively. Operations performing in line or better than anticipated"
Dividend record date to those on the register in 14 trading days time, 4.6%.
Good technical strength.
Looking at the chart Pan African Resources is now on the golden cross inflection point.
"A golden cross is a technical chart pattern indicating the potential for a major rally. The golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average"
Clears the 16p spot and we breakout to new level.
Plenty to look forward to with this dividend (goes ex div later this month) paying gold producer over the next few years.
"Pan African advancing to quarter million ounces of gold a year, analyst calculates"
https://www.miningweekly.com/article/pan-african-advancing-to-quarter-million-ounces-of-gold-a-year-analyst-calculates-2023-09-18
Gold back above $2000 after todays non farm payroll numbers.
Pan African Resources is very solid and consistent producer with low AISC. Now on the verge of breaking out of trading range and a run on the 20p.
Ex-Div next month 4.75%
Correction it is the 17th Oct
Time table up for cancelling the share premium account, directors hearing 18/10. This frees around £51m for distributable reserves, if it gets the green light then expect a very positive sp reaction.
"The Board anticipates that the cancellation of the Company's share premium account will result in the creation of further distributable reserves"
A few RNS could hit i3energy next week, Q2 ops report, dividend declaration (payment 0.25 Oct) and The capital reduction application and a major catalyst would be the capital reduction scheme with the share premium account which stands at £51m
Very positive note and 180p target.
Rusty Hutson also presenting this week at the Pickering Energy Partners TE&M FEST held in Austin, TX
This certainly just keeps gets better, and almost certainly a second Lithium mine for Andrada at ML133 mining license area Lithium Ridge, separate to the current Barclays final stage deal. Very notable lithium intersections.
Huge progress made here over the past 12 months and now very well placed as was clearly evident in the Q2 Ops report.
High grade lithium high grade tantalum and tin and all set for increased production, no wonder the CEO noted yesterday Andrada is in place for a transformational period of growth and development.
Hummingbird is way undervalued at £60m odd market cap and especially following the last company report, increasing production and very good margines. Was trading at 20p in May a near 100% rise back up at some stage.
Which is 310% above the current sp!
Andrada Mining is the most advanced on AIM when it comes to lithium, when the Barclays strategic development offer is announced the sp will be much higher than we see today.
We have a great set up already and a profitable tin production with very little in the valuation for the huge lithium resource. Commissioning of the bulk lithium sampling plant is in full swing and in addition the tantalum circuit has commenced.
Very exciting times ahead here and we are on the brink of a considerable mover over the next 12 mths.
Had a good re-read of the Tamesis reports over the weekend, well worth reminding of the value here, additional drilling happening now, updated mineral resource report next quarter followed with a bfs. Big plus having AMG on the register and trading on a "ridiculous" P/NAV of 4.1%, price target 40p.
Interesting report from fastmarkets on European lithium demand and supply.
https://www.fastmarkets.com/insights/will-europe-have-enough-lithium-to-meet-demand
Zinnwald Lithium could not be better placed, located in Germany 35 kms from Dresden.
Funded and heading towards supplying the key European battery storage/EV manufacturing sectors.
Probably the best value gold producer on AIM at £94m
51,147 oz produced in the first half of 2023 up c.44% versus H1-2022 (H1-2022: 35,561 oz).
H1-2023 AISC of US$1,170 per oz, a decrease of c.42% versus US$2,019 in H1-2022
EBITDA of US$33.1 million for H1-2023 - a material positive Group turnaround compared to the negative Group adjusted EBITDA of negative Group adjusted EBITDA of US$9.3 million in H1-2022.
Ramp-up of the Kouroussa operation is on track, with regular gold pours commencing in July.
Good to see JP Morgan and Premier Miton adding more i3e shares, they obviously see value, good sign of confidence.