Member Info for FlagStaffIR

https://www.londonstockexchange.com/news-article/GLAN/acquisition-of-meridian-cost-benefit-limited/15223373
Highlights
- Strategically significant and earnings enhancing acquisition.
- Total consideration of up to £3.03m.
UK-based MCB will provide Glantus with an additional forty four customers with over 60% of revenue from public sector. This will bring Glantus’ enterprise customers to over 100.
- MCB brings 20 years of expertise and experience in Accounts Payable recovery and specialist utility auditing services, bolstering Glantus’ strong growth in the space.
- Addition of MCB team represents an expansion of Glantus’ EMEA presence, adding more auditing and sales capabilities.
- MCB customers will be able to access more transformative AP tools through the integrated Glantus platform, such as procurement to payment, statement reconciliation, and data optimisation.

- Maurice Healy, CEO of Glantus, said: “We are delighted to have the MCB team join Glantus. This acquisition further strengthens the strategy we outlined at the time of the IPO. We welcome the wealth of experience the MCB team brings to Glantus EMEA. As we continue to shift the focus to subscription revenue the acquisition of MCB along with recent acquisitions of JPD and TIC consolidates our position in the AP market. This provides a greater opportunity to deploy our unique AP products driving our subscription revenue.
- Peter Welch, Founder and CEO of Meridian Cost Benefit, said: “We recognize that customers are increasingly looking at automation and AI to drive further efficiencies in their financial processes. With Glantus, we now have the advanced technology platform and the team behind us to deliver additional services to our customers.”

https://www.londonstockexchange.com/news-article/ZPHR/36m-acquisition-of-non-operated-production-assets/15219898

https://www.londonstockexchange.com/news-article/TEK/salarius-update/15213160

Zephyr Energy 7.15p £92.3m (ZPHR.L)
Update on the ongoing production testing at the State 16-2LN-CC well in Utah, and to report on third quarter performance
from its non-operated portfolio in the Williston Basin, North Dakota. The Company announced the first flowing
hydrocarbons from the State 16-2LN-CC well, even as production testing and well clean-up efforts remain
ongoing. The production of hydrocarbons marks a major milestone for Zephyr, particularly as this is the first horizontal
well in the wider Paradox Basin to flow hydrocarbons using a modern hydraulically stimulated completion. Combined with a substantial increase in Q3 production and associated cashflow from Zephyr's non-operated asset portfolio in the Williston
Basin, the Company is well positioned to continue in the pursuit of its goal to develop a new hydraulically stimulated
resource play in the onshore U.S. oil and gas sector.

https://www.londonstockexchange.com/news-article/GDP/notice-of-investor-presentation/15211356

https://www.londonstockexchange.com/news-article/TEK/salarius-update/15211425

https://youtu.be/PHSpsVZhhQE

https://www.share-talk.com/tpi-provides-its-latest-research-note-on-zephyr-energy-plc-zphr-l-13/

https://www.londonstockexchange.com/news-article/ZPHR/first-hydrocarbons-produced-at-state-16-2lncc-well/15207943

• Rainbow Rare Earth management hosted an analyst and major investor meeting in London yesterday.
• The team expect demand for the critical rare earths to double by 2030 due to strong demand from electric vehicles, wind farms etc…
• 91% of the value of rare earth elements is driven by demand for permanent magnets with Terbium and Dysprosium used to ensure these magnets retain their properties at high operating temperatures.
• Phalaborwa (South Africa): Management are focussed on testing and refining the flowsheet for the Phalaborwa project for the extraction of three rare earth oxide streams, NdPr, Tb and Dy.
• These products should be sold at market prices and may even fetch a premium in the market due to the independence of their location.
• Processing should be able to utilise surplus sulphuric acid generated from a nearby planned copper mine lowering operating costs.
• Each process stream should require just three stages for extraction with the feasibility study work expected towards the latter quarter of next year.
• Management now expect the capital cost of the project to be around $150-170m, though much work is still to be done on the cost estimation.
• Gakara (Burundi): The team continue to talk to the government of Burundi on the reopening of the mine and resumption of exports. Other mines in the country were also stopped pending renegotiation of the mining convention.
• Management expect the mining convention to be renegotiated and for the Gakara mine to reopen early next year.
• The value of the concentrate stockpile should have increased substantially since it was blocked by the ban on REE concentrate exports helping with the working capital cost of the restart.
• Valuation: We are raising our valuation to 44p from 43p on the rise in rare earth prices though this is largely offset by the increase in our capital cost assumption to $170m.
• We have also raised our discount rate to 12% to reflect the impact of the stoppage in Burundi and have raised the discount we apply to NdPr prices to 20% from 10%. We have also raised our discount to Tb and Dy prices to 30% from 25%.
Conclusion: Rainbow is one of three rare earth producers to have supplied rare earth concentrates in recent years. We expect the company to realise substantial additional value as it progresses towards restarting the Gakara mine and development of the Phalaborwa process plant.

Hi
Hi
Should you be interested in receiving information from RBW directly please send your email address to
rainbowrareearths@flagstaffcomms.com
and we will add you to our RBW database

https://www.autoblog.com/2021/11/06/gm-cruise-robotaxi-plans/

https://www.londonstockexchange.com/news-article/TEK/portfolio-company-update-lucyd-ltd-lucyd-/15199361

Key Highlights:
- £3.0m (US$4.1m) before expenses was raised by means of a fundraise through the issue of, in aggregate 10,714,286 Placing Shares at 28 pence per Placing Share.

Funds raised will be used as follows:

- £1.5m will be used to build inventory and progress product development for Lucyd, £0.5m will be used to expand inventory for Salarius and £0.5m will be used to provide CAPEX for Guident’s remote monitoring and control centre.

- The remainder of the funds raised will primarily be for additional working capital.

Clifford M. Gross Ph.D., Executive Chairman of Tekcapital plc commented: “We are delighted with the support from existing and new shareholders in the Placing which will contribute to the additional near term progress of our portfolio companies.”

https://www.londonstockexchange.com/news-article/RBW/preliminary-results-for-year-ended-30-june-2021/15190073

https://www.londonstockexchange.com/news-article/PRD/interim-financials-for-6-months-to-30-june-2021/15190084

Paul Griffiths, Chief Executive of Predator, commented:

"Despite the recent "demonisation" of certain parts of the upstream and downstream Energy Sector, gas has a vital role to play in ensuring a stable Energy Transition and reducing the volatility in the energy markets that is leading to unprecedented spikes in the cost of energy for consumers. We are focussed on developing our gas asset in Morocco as a replacement for carbon-intensive imported fuel oil and coal. In Ireland gas is important for restoring confidence in securing gas supplies that do not ultimately become wholly dependent on the Interconnector with the UK. In Trinidad we retain the ability to offer commercial CO2 sequestration which at present cannot be offered by renewable energy. Pragmatism is therefore required during the Energy Transition and integrated practical solutions to achieve the common goal of reducing CO2 emissions. This has been a busy year so far for us in developing these goals whilst maintaining a commercial perspective and we look forward to further progress over the next 12 months".

https://www.londonstockexchange.com/news-article/TEK/salarius-appointment-of-chief-medical-officer/15188399

Our take: Angus’ updated CPR reflects the significant appreciation in wholesale gas prices and further underlines the compelling project economics at the SGF. Future natural gas contracts are likely to favour producers for many years to come in our view and highlight the national importance of this domestic gas supply.

https://www.malcysblog.com/2021/10/oil-price-angus-petrofac-prospex-and-finally/

https://www.londonstockexchange.com/news-article/ANGS/revised-saltfleetby-cpr-and-update-on-operations/15186548
George Lucan, CEO, comments: “Obviously this Report is a solid validation of our efforts to restore this great onshore gas field to production with the help of our many UK based suppliers, advisors and contractors. Regardless of near-term fluctuations in the gas price, the higher forward gas price curve from mid 2022 onwards, which is reflected in this CPR valuation, is the result of structural gas supply-demand imbalances which, whilst only brought to light recently, are likely to favour producers for many years to come and highlight the national importance of this domestic gas supply.”