Member Info for jackie1

Overhang cleared in for a trade

May see a recovery 50% or more just like it happened in GDR

TRADE ON

Further to recent speculation, Omega can confirm that it currently has cash balances in excess of GBP2.5m and an undrawn overdraft facility of GBP2.0m. Thus, there is no short term need to raise additional capital.

PFS UPDATE DELIVERS OUTSTANDING RESULTS
75% INCREASE IN CINOVEC NPV TO US$1.94B
16% INCREASE IN PRODUCTION TO 29,386TPA

Ikiru People, the recruitment software subsidiary of Dillistone Group Plc, is pleased to announce a major contract extension with one of the UK's largest and best known recruitment organisations.

The contract is for a five-year period and is with one of the top ten recruiters in the UK by revenue.

Jason Starr, CEO of Dillistone Group Plc, commented: "Five-year contracts are almost unheard of in our sector. This significant commitment from one of the UK's best known recruiters is a huge vote of confidence in our product, our team and our business, and we are delighted to be able to announce it. It is a great start for our ambitions for 2022

Analysis of Microtox®PD chips coated with Optimer binding agents detect 3 common variants of concern of SARS-CoV-2 virus

Modern Water Mobile Services will launch with Alpha, Delta and Omicron detection capability

Hans Jensen, Managing Director Dundas Titanium A/S said: "We have been extremely pleased with the collaboration and cooperation with the team at the Danish Geodata Agency who have produced the charts. When Dundas Titanium A/S, a Bluejay Mining plc subsidiary, shipped its bulk sample to Canada in September 2019, it had to rely on lower quality analogue charts. The production and release of these updated nautical charts for the approach and near-costal water towards the future Dundas mine area is a prerequisite for future safe shipping operations and enables us to advance discussions with potential bulk-carrier companies regarding the transport of our products from our mine area in North-West Greenland."

2021 guidance delivered

· Strong safety performance: Q4 Lost Time Injury Frequency Rate ("LTIFR") of 0.31 per one million site-based hours worked; FY LTIFR of 0.46, 28% better than the annual target of 0.65 as the Company strives to create a zero-harm workplace
· Annual gold production delivered in line with guidance (400,000-430,000 ounces): Gold production of 107,549 ounces ("oz") for the three months to 31 December 2021 ("Q4"), totalling 415,370 oz for the twelve months of 2021 ("FY") and at the midpoint of guidance
· Strong revenue generation as well as elevated gold sales receivables: Q4 revenue of US$183 million, generated from gold sales of 99,936 oz at an average realised gold price of US$1,828/oz sold; FY revenue of US$733 million, generated from gold sales of 407,252 oz at an average realised gold price of US$1,797/oz sold
· Annual costs delivered in line with guidance: Q4 cash costs of US$972/oz produced and all-in sustaining costs ("AISC") of US$1,256/oz sold; FY cash costs of US$859/oz produced and all-in sustaining costs ("AISC") of US$1,211/oz sold were delivered at the midpoint of annual guidance (Cash costs: US$800-900/oz produced; AISC: US$1,150-1,250/oz sold)
· Excellent progress on essential capital projects: Q4 capital expenditure ("capex") of US$86 million; FY capex of US$233 million, exceeding the annual guidance of US$225 million due to the waste-stripping outperformance
· Exploration activities on schedule: Q4 exploration spend of US$6 million advancing the Doropo and ABC projects in Côte d'Ivoire; FY exploration spend was US$14 million and US$3 million below the annual guidance
· Strong balance sheet with no debt and no hedging: Cash and liquid assets of US$257 million, as at 31 December 2021
· No material impacts due to COVID-19: Full COVID-19 protocols remain in place, and supply chains and gold shipments have not been materially impacted
· The Company will publish its full year 2021 financial results and propose the final dividend in mid-March 2021

Update on Current Trading

The Group is performing well, with trading in line with the Board's expectations. We have made further good operational progress in the half year and continue to execute against our Sustainable Growth Strategy.

All of the Group's projects are fully operational in line with the latest Government and industry Covid guidelines. Our disciplined approach, investment in modern construction practices and digitalisation, and active engagement with our supply chain have proved particularly important during the recent period of materials shortages and inflation. We continue to manage these challenges effectively and without any material impact on trading.

We are making excellent progress with the integration of the nmcn water businesses, acquired in October 2021, and are pleased with the commitment and contribution of all those associated with the acquired business. The half year results will include non-underlying costs in respect of the acquisition and integration, and in relation to our investment in cloud-based enterprise resource planning (ERP) systems.

v PRODUCTION
· For the fourth quarter ended 31 December 2021, the Nugget Pond copper and gold milling facility achieved throughput of 66,651 dry metric tonnes ("dmt") at a feed grade of 1.75% copper (Q3 2021: 60,381 dmt at a feed grade of 1.43% copper).

· Recovery of copper metal to concentrate was 97.2% for the quarter (Q3 2021: 93.4%).

· During the quarter, the operation produced 4,109 tonnes of concentrate containing 1,090 tonnes of saleable copper and 155 ounces of saleable gold (Q3 2021: 2,939 tonnes containing 778 tonnes and 502 ounces of saleable copper and gold respectively).

· Development during the quarter totalled 1,093 meters, including 284 meters of capital and 809 meters of operating development (Q3 2021: 974 meters including 509 and 465 meters of capital and operating development respectively).

Strategic Review, Formal Sale Process ("FSP") Update
The Company notes the announcement today by the Board of Sound Energy plc ("Sound") of a possible offer for the Company. The Board of Angus has invited Sound to execute an NDA along with the other interested parties already referred to in our announcement of 17 January in order that they may have access to all information required to engage in proper due diligence on an equal footing with those other parties.
George Lucan, CEO, commented:
"We will proceed with our Formal Sales Process, without preference to any party and with confidentiality afforded to those parties who wish to enjoy it, as previously advised to the market and in order to secure the maximum value for our shareholders."

Nice large profit taken out of MATD to increase holding into GBP

Going for a 10m holding has more potential than MATD near term

No one was interested around 3p while it was clearing the placing overhang

We have a clever buyer clearing all the stock below 0.60

Oil major Shell which is currently drilling the Graff-1 well is rumored to have struck light oil in the upper level of the cratecous reservoir although it it is yet to reach its primary target according to industry sources.

https://www.oilnewskenya.com/namibia-shell-rumored-to-have-discovered-light-oil-at-graff-1-well/

Why would the buyers pay a premium well above the ask

We know they’ve found oil and it can be a large oil pool

Buyers trying to fill some orders in but stock availability is not available

Extremely hard to buy on the drop

More orders put in lets see if it gets filled

This is the Oil&Gas season

Watch the space for the two billion barrel discoveries

Hearing very encouraging news from Graff 1 site

2022 OUTLOOK AND GUIDANCE
Production in 2022 is expected to be around the same level as 2021
Genel expects to generate free cash flow of up to $200 million in 2022, pre dividend payments, at a Brent oil price of $75/bbl
An increase or decrease in Brent of $10/bbl impacts annual cash by $50 million
Under the terms of the Receivable Settlement Agreement signed in August 2017, the last override payment will be made relating to Tawke PSC production in July 2022. Given payments are received three months in arrears from the Kurdistan Regional Government ('KRG'), 10 override payments are expected in 2022
2022 capital expenditure is expected to be between $140 million and $180 million, with key asset spending including:
c.$75 million expenditure forecast at the Tawke PSC, an increase of c.$25 million compared to 2021 as drilling increases at the Tawke field
c.$45-80 million expenditure forecast at Sarta, with higher spend the result of appraisal success
c.$10-20 million expenditure forecast at Taq Taq
Work is underway on planning a well in Somaliland, with expenditure in 2022 expected to be under $5 million
Operating costs expected to be c.$50 million (2021: $44 million), equating to under $5/bbl, retaining our advantageous low operating cost position
Following the termination of the Bina Bawi and Miran PSCs by Genel on 10 December 2021, Genel will be claiming substantial compensation from the KRG. Genel's claims will be brought in a private London seated international arbitration
Genel remains committed to paying a material and progressive dividend, as we look to offer a compelling mix of value-accretive growth and shareholder returns
Genel continues to invest in the host communities in which we operate. 2022 represents twenty years of operations in the Kurdistan Region of Iraq, which we will commemorate through the Genel20 programme, launching significant new social activities throughout the year, aligned with UN Sustainable Development Goals

Highlights:

- Peru introduced as primary target geography for new ESG Metals strategy
- Joint Venture collaboration agreement with Blanco Safi SAC, focused on originating ESG Precious Metals processing transactions in Peru
- Slovenia non-recourse funding for Slovenia ECT and BIT damages claim expected to close shortly
- Placing of £0.6m at a Placing Price of 3.3p (nil discount to closing bid price)

According to the Q4 update provided by Materia, the entire first volume production run has been sold out within the first two weeks of sales commencing, with distribution partners returning to replenish inventory on multiple occasions.

This marks a successful quarter of performance for Materia, with Materia Deutschland GmbH continuing to expand its distribution network and achieving its strongest quarter of pharmacy sales for the year. At a group level, Materia's Q4 sales grew +48% over Q3 (Based on unaudited financial records for 2021), an acceleration of previous revenue growth.