Member Info for FlagStaffIR

Concluding Comment from full Blog :
Today’s news is excellent across the board, from North Dakota where it is significantly ahead of expectations and with revenue already coming in beats any whisper that I have seen. Having said that the board have been busy, the Continental acquisition has been done at very attractive prices and on excellent economics and of course the work at Paradox continues and with both in regard to the potential in overlying reservoirs above the Cane Creek reservoir, and in respect to the potential for a resource play development across the Company’s Paradox leasehold I am becoming increasingly optimistic.

As the shares go back above 3p and start to go into new territory not seen for many years investors should be delighted, I don’t think you could rule out a ten-bagger from here.

https://www.malcysblog.com/2021/05/oil-price-zephyr-far-trinity-sdx-helium-one-and-finally/

Zephyr Energy 3.05p £37.26m (ZPHR.L)
Have provided an update on its recently acquired non-operated working interests in North Dakota, USA. Receipt of its first monthly revenue payment for production from its interest in the Iverson well. The payment of $140,662 is related to volumes produced in the month of February, during which net production averaged 110 barrels of oil equivalent per day. Further Zephyr announced the acquisition of 11.6 acres in the Williston Basin, North Dakota (the Continental acreage) which gives Zephyr working interests in a drilling spacing unit (DSU) operated by Continental Resources Inc., the largest operator in the Williston Basin. The Continental acreage is located approximately ten miles from the Company's Whiting wells, in a highly attractive part of the Basin. The cost of the acreage acquired by Zephyr was approximately US$170k and was paid for from the Company's existing cash resources. Continental has already commenced drilling two initial wells on the DSU, with up to an additional 22 future wells forecast to be drilled by 2023. Meanwhile preparations for State 16-2 CC LN well in Paradox Basin continue on schedule, resource evaluation work continues.

Orosur Mining* (OMI LN) 17p, Mkt Cap £31m – High grade intersections at Anza
• The Company released further drilling results from four additional holes of the ongoing programme at the Anza Project in Colombia.
• Selected results included intersections from MAP-079 and MAP-082:
• MAP-079 23.75m @ 17.40g/t Au, 1.84g/t Ag, 0.19% Zn from 270m including 0.40m at 948g/t, 1.10m at 8.83g/t and 1.55m at 7.33g/t.
• MAP-082 29.45m @ 2.50g/t Au, 1.95g/t Ag, 1.08% Zn from 227m including 5.45m at 11.42g/t
• The team decided to expand its regional field work across its wider license area to identify potential targets for follow up work.
• While Colombia is now in the middle of a third wave of Covid-19 infections, with curfews and lockdowns in place in the major cities like Bogota and Medellin, mining is designated as an essential industry and permitted to continue.
• Currently five diamond drill rigs are active at the APTA prospect with ~6,000m having been completed since Nov/20.
• Drilling is focused on a combination of understanding the geological controls of mineralisation, step out as well as infill drilling.
• ALS laboratory turnaround in Peru slowed down significantly on the back of Covid-19 related shortages of staff with over 2,000 samples currently awaiting assay.
• Mining consultants CSA Global reviewed previous drilling confirming that subject to minor modifications the data is of a high standard and can be sued for future mineral resource estimate.

https://www.londonstockexchange.com/news-article/OMI/colombia-update/14961051

Orosur CEO Brad George commented:

"Operationally, in spite of the Covid-19 situation in Colombia, our protocols and the tremendous efforts of our teams in the field have allowed us to continue to operate at near full capacity - a situation that we will endeavour to continue. However, while our field operations continue at pace, we have no control over external services such as assay laboratories and unfortunately, assay delays are continuing.



Geologically however, the picture at APTA is becoming clearer, and we anticipate being able to develop a more detailed understanding of the poly-metallic mineralisation at APTA once the substantial sample backlog begins to be cleared in coming weeks and months".

https://www.londonstockexchange.com/news-article/TEK/portfolio-company-update-guident/14961046
"We are incredibly pleased to announce the successful introduction of our secure software platform designed to power our RMCC. This system is device-agnostic, works with any 5G public mobile or private LTE network and has reduced signal latency when compared with traditional telemetric video monitoring and control systems," says Harald Braun, Chairman & CEO of Guident Ltd.

"Its exciting to see the significant and rapid progress of Guident," said Dr Clifford M. Gross, Executive Chairman of Tekcapital.

https://www.londonstockexchange.com/news-article/ZPHR/first-north-dakota-revenues-acquisition-paradox/14961093

Colin Harrington, Chief Executive of Zephyr, said: "Following the completion of our fundraise and acquisition earlier this month, I'm delighted that the Company has officially delivered a key corporate objective in becoming a cash-flowing oil producer. Furthermore, with the completions of the four Whiting DUC wells underway ahead of schedule, we look forward to substantially increased cashflows in the very near term. This provides us with an excellent platform on which to build, particularly with the envisioned incremental production coming online at a time of strong commodity pricing.



"Over the last few weeks, Zephyr has transformed into a fully-funded, self-sustaining platform with the potential for significant organic growth from the forthcoming drilling programme on our Paradox project. In addition, we will continue to be opportunistic in the pursuit of attractive, near-term, high-return, low-risk non-operated assets, especially as current market conditions are favourable for growth through acquisition.



"The acquisition of prime Bakken acreage announced today, in a DSU operated by a first-class Williston Basin participant, is a strong example of what can be achieved in the current market. The acreage is in an excellent location and provides both near-term drilling exposure and future drilling optionality. While the initial scale of the acquisition is small, for a minimal upfront cost Zephyr now has potential to participate in up to 24 highly economic wells over the next two years. Given the continued improvement in drilling costs and robust oil price environment, the Company believes this acreage will provide attractive near-term cash flow returns and is an excellent complement to our growing portfolio of non-operated production assets.



"The next few months are expected to bring news flow on all fronts as we target initial production on our Paradox project, further define our Paradox resource and begin to generate significant cash flow from our non-operated asset portfolio - including cash flow from today's newly acquired asset.



"We look forward to keeping Shareholders updated as we look to deliver on these key objectives. As always, we will continue to strive to be responsible stewards of our investors' capital and responsible stewards of the environment in which we work."

I am afraid for regulatory reasons we cant give out a name

We continue to believe there is significant upside to the current valuations of each of TEK’s portfolio companies, which quite notably are not fully reflected in the current share price of TEK. We expect some near-term news from each company to support TEK share price increases, and perhaps a public market listing for Belluscura will assist in the re-valuation of TEK’s holding. We continue to rate TEK a Buy.

We continue to believe there is significant upside to the current valuations of each of TEK’s portfolio companies, which quite notably are not fully reflected in the current share price of TEK. We expect some near-term news from each company to support TEK share price increases, and perhaps a public market listing for Belluscura will assist in the re-valuation of TEK’s holding. We continue to rate TEK a Buy.

https://www.londonstockexchange.com/news-article/TEK/final-results/14958526
Financial highlights

• Net Assets increased 45% to US$32.7m, a record level (2019: US$22.5m)
- NAV per share US$0.35 (2019: US$0.35)
• Portfolio valuation increased 50% to US$30.5m (2019: US$20.3m)
• Total revenue US$9.9m (2019: US$7.7m)
- Revenue from services US$1.19m (2019: US$1.20m)
- Net increase of US$8.7m in fair value of portfolio companies (2019: US$6.5m)
• Profit after tax: US$7.7m (2019: US$5.5m)
• Service revenues cover approximately 54% of cost base (cost of sales and operating expenses)
• Share placings totalling US$2.6m completed during the period, plus an additional raise of US$5.3m completed post-period end.

https://youtu.be/MIVItFVh0oI

(Rainbow hold 70% of Phalaborwa with 30% to be held by Bosveld Phosphates. There is currently no BEE requirement as this is a retreatment processing operation)
• Rainbow reports final results from the auger drilling programme at the Phalaborwa project in South Africa.
• The average total rare earths oxide ‘TREO’ grade amounts to 0.45%, with grades as high as 0.61% TREO at hole PAH61.
• NdPr oxide grades came in at 0.13%, representing 28.9% of the TREO reported.
• Economic levels of Dysprosium and Terbium enhanced the overall rare earths basket value contained in the stacks by approximately 15%, while the level of radioactive elements present in the stacks was low.
• Following the receipt of these results and prior to the publication of a JORC 2012 Mineral Resource Estimate, Rainbow expect to carry out additional drilling within the 35mt gypsum stacks to confirm bulk density as well performing an updated topography survey.
• The grades are also augmented by Dysprosium and Terbium credits raising the overall value of rare earth mineral contained beyond management’s original expectations.
• The overall value per tonne of gypsum is 15% higher than initially anticipated at US$111/t of gypsum based current NdPr prices and the reported assay values.
• The additional DyTb credit adds a further US$36/t of gypsum enhancing the recoverable value of the rare earths to > over 92% of the total value of REE basket.

https://www.londonstockexchange.com/news-article/RBW/phalaborwa-positive-assay-results/14954359?showDisclaimer=true
George Bennett, CEO, said: “These results further reinforce our confidence in the considerable potential of Phalaborwa in South Africa. The grades reported, augmented by the Dysprosium and Terbium credits, highlight the substantial overall value of the rare earths basket contained within these gypsum stacks, surpassing our original expectations based on current rare earth prices.
In essence, although the average assay grade reported has dropped from 0.50% TREO to 0.45% TREO, the overall value per tonne of gypsum is 15% higher than we initially anticipated thanks to the high value of the Dysprosium and Terbium (“DyTb”). The overall rare earth basket price was expected to be dominated by the NdPr content, which at current prices is valued at US$111/t gypsum based on the assay values reported. The additional DyTb credit adds a further US$36/t gypsum, significantly enhancing the recoverable value of the rare earths from the gypsum stacks. Together, these high value elements represent over 92% of the total value of the Phalaborwa rare earths basket.
The Phalaborwa asset represents a fast-track development project, with metallurgical test-work underway at ANSTO in Sydney, to design an optimised processing circuit for recovery of a mixed rare earth carbonate.”

https://youtu.be/XNax88E3loo

Goldplat plc (GDP) – Corporate – Completion of the sale of the Kilimapesa gold mine
Market Cap £13.1m Share Price 7.7p
Goldplat has announced it has completed the sale of the Kilimapesa Gold Mine in Kenya. Goldplat will receive $1.5m to be satisfied by cash or the issue of shares to that value in Papillion Holdings plc (LSE: PPHP – which will be renamed Caracal Gold upon completion) upon the admission to trading on the standard list of the London Stock. Of the $1.5m purchase price, a minimum of 30% ($0.45m) will be payable in cash and the rest in shares. If Papillion is not admitted to trading on the LSE by 16 July 2021, then the full $1.5m will become payable in cash with interest of 4% from 1 January 2021. The completion of the sale will also see the start of the period from which a 1% Net Smelter Royalty from gold production from Kilimapesa will begin – up to a value of $1.5m

View: Mayflower (the intermediary between Papillion and Goldplat) has made improvements to the Kilimapesa mine and has nearly finalised its listing process. The completion of the sale of Kilimapesa is great news for Goldplat as it finally cleans up the investment case, to focus all its energies on its two growing, profitable gold recovery businesses in South Africa and Ghana, as well as leaving it with an ongoing royalty in the mine.

https://www.londonstockexchange.com/news-article/GDP/completion-of-sale-of-kilimapesa-gold-pty-ltd/14950399

Werner Klingenberg, CEO of Goldplat commented: "I am extremely pleased that we have been able to complete the sale of Kilimapesa to Mayflower Gold. Mayflower has proven its commitment over the last 8 months to Kilimapesa Gold Mine through investment of capital and management resources and has raised further cash of USD2.00m to advance the project. We believe that it was opportune for us to complete the transaction at this stage to allow the Mayflower team to implement their strategic initiatives and to ensure the success of the Kilimapesa Mine for all stakeholders involved. This releases Goldplat from any further financial or management requirements and allows us to focus on our continued recovery operations."

https://we.tl/t-LMLPDYbVnp

SP Angel Analyst Sam Wahab discussing his new research note on Sound fyi :

https://youtu.be/0ZRkZb7WtJY

https://www.londonstockexchange.com/news-article/BYOT/trading-update/14947165
John Langlands, Chairman of Byotrol, commented:

“This was a good result, delivered in extraordinary market conditions. We believe that our business is now very well positioned to serve the post-pandemic world.
Our strategy means that Byotrol will deliver further growth and profitability in coming years, and will continue to build on the reliable and increasingly visible income streams it has developed over the last couple of years.“