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Hummingbird Resources Second Quarter Operational and Trading Update due on Tuesday, could be a huge catalyst here from this level.
Worth watching the tin price over the next few weeks. Any move up will have a positive impact on Andrada.
Myanmar's Wa militia to suspend mining in its zone from Aug, tin prices jump
“From Aug. 1, 2023, work at mines, including exploration, mining and processing will be suspended,”
https://www.reuters.com/article/tin-myanmar-idUSKBN2WE0KH
Gervais Williams of Premier Miton explains why he is positive on i3 Energy
https://www.voxmarkets.co.uk/media/64871f6298d6cd4973650652/
Taken some Hummingbird Resources will be producing over 200,000oz gold soon and sat on 14p / £80m market capitalisation.
Fantastic expansion news of first gold pour 10 days ago.
The CEO of Zinnwald Lithium Anton du Plessis is taking part in a live investor presentation via the Investor Meet Company platform on Wednesday 14th June at 10am
https://www.investormeetcompany.com/zinnwald-lithium-plc/register-investor
Pharos Energy goes ex-div next week on a 4.5% dividend payment.
Actus Advisors report last week target price 55p noting flow rate at new Vietnam well above expectations.
Impressive agreement with Trafigura which would have been achieved as a key piece of work with our new Chief Financial Officer.
I am sure this agreement with Trafigura will play a part in the achievement of performance targets set for Jason Dranchuk to qualify for 3m stock.
Vesting is subject to the achievement of performance-related milestones as follows:
- One-third upon achieving production of 26,000 boepd;
- One-third upon the addition of 5,000 boepd via acquisitions; and
- One-third upon the addition of 25 MMbbl of 2P reserves.
50dma has crossed the 200dma, trend upwards and momentum building and a big H2 coming up for the co.
That was one of the best I have seen. With what is to come, with Andrada I can't see anyone giving up any shares unless desperate. So much info given. Clearly as the CEO notes the lithium interest from across the globe in the asset is off the scale and in his own words its an opportunity of a lifetime.
@we’re very confident in the expected outcome of our 2023 drilling program and that is expected to deliver peak production of around about 26,000 barrels of oil equivalent per day in Q3-Q4 of this year."
https://themarketherald.ca/i3-energy-building-oil-and-gas-assets-at-good-valuations-in-canada-and-the-uk-north-sea-2023-05-11/
I3 Energy at £220m/18p and 11% monthly dividend is undervalued.
CEO interview with stockhouse below worth watching, peak production Q3 targeted to hit 26,000 boepd
https://themarketherald.ca/i3-energy-building-oil-and-gas-assets-at-good-valuations-in-canada-and-the-uk-north-sea-2023-05-11/
One thing is absolutely certain that Barclays must be very confident, convinced and impressed with what they have seen and approaches to get involved as a strategic financial advisor to the lithium development programme.
With so many approaches to Andrada Mining and Barclays now involved to wade through them.
Based on the interest I can see this escalating to one or more takeover offers, current cap £88m, offer would have to be +20p imo. ATM are sitting on a world class lithium resource with all licences on place.
Impressive Q1 figures, EBITDA for the quarter was $150mln with a realised cash margin of 54%.
Diversified goes ex div 25 May 3.55p, paid quarterly, 14.2p annual or around 16% dividend yield on todays sp 89p.
Also have income hedged at over 85% in 2023, 80% in 2024 and 70% in 2025.
Mgt get options when the average share price stays over 7p, 8p and 9p for 60 days.
Set yo get very interesting here, no doubt following the FT article a few weeks ago where ATM were mentioned that the Chinese will be sniffing in that 'numerous approaches' pack.
We are sitting on one of the biggest lithium deposits in the world.
Also worth noting from the RNS that Gold recovery was a quarter record of 93.4%. Based on Q1 as a barometer we are looking at gold sales of around 85,768oz and revenue upwards of $165m.
Current spot price is now over $2050oz, and our latest AISC in Q1 was $1,170.
With such a low AISC Metals Exploration will be generating substantial free cashflow for years to come.
Metals Exploration is now on a fantastic footing, as indicated by the CEO in the investors meet last year they are hitting a higher grade zone in 23/24 and a very high gold price.
We see from Q1 that cash reserves is now increasing and debt coming down substantially, this positive cycle will accelerate as the year goes on.
Very good Q1 performance Gold sales 21,442oz with revenue of $40.5 million.
If we continue around these sales figures and the average price of $1,877 for the year, we are looking at gold sales of around 85,768oz and revenue of $162m.
The Q1 AISC was $1,170, this is in the lower quartile of producers globally and we are in a very healthy position generating substantial positive free cash flow.
Is the gold rally here to stay? 14 small cap gold miners worth watching
https://total-market-solutions.com/2023/04/is-the-gold-rally-here-to-stay-14-small-cap-gold-miners-worth-watching/
128% upside to the 73p broker target.