The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://twitter.com/share_talk/status/1531919712145313798?s=21&t=Z1LxP9XBpYbtDV668Nll3w
https://youtu.be/CUyihbF1D-g
See the video presentation for yourself ASX:PRM
Subject to Shareholder Approval, following Admission of the New Ordinary Shares the issued ordinary share capital of Vast will consist of 1,223,844,304 Ordinary Shares.
So the old 2.5p is the new 1.25p
2022 Outlook and Guidance
-- Total gold production for 2022 is expected to be in the range of 380-420koz, comprising own gold production of 345-365koz and 35-55koz of gold from 3rd-party concentrate, as the Company continues its transition to processing more own-mined refractory ore
-- The POX hub is expected to operate at/near full capacity throughout 2022 due to increased deliveries from Pioneer and Malomir, which will supply the majority of flotation concentrate to be processed. The plant will process roughly the same volume of 3rd-party concentrate as in 2021, at lower grades but with higher expected recovery rates, which could improve margins
-- Pioneer gold production is projected to increase as the new flotation plant processes refractory ore for the full year
-- Malomir production is expected to remain stable in 2022, with slightly lower grades offset by higher mining and processing volumes, supported by the launch of the flotation plant expansion in the latter part of the year
-- Albyn production is anticipated to be lower in the first half of 2022 as the processing plant works through stockpiles of lower-grade material from the Elginskoye deposit accumulated in 2021, but will stabilise in the second half of the year
-- The outlook for total production is expected to be similar in 2023, but with a higher proportion of gold from own-mined ore, and to improve in subsequent years
04 October 2021
As previously announced, DKE Energy will initially build two gas peaking facilities. Dukemount will manage the construction of the two sites and provide its knowledge of long-dated income funding and finance to optimize the capital structure. DKE Energy's management brings its technical, operational and market expertise of the UK flexible power market, as well as access to a pipeline of further deals. Dukemount believes the opportunities presented by this joint venture to be an important milestone for Dukemount to meet its projected growth targets.
Dukemount is set to rollout further joint venture projects with a focus on gas peaking and battery storage facilities. Both asset types balance the fluctuating power requirements of the grid during periods of high-level demand or shortfalls of electricity supply: a problem which is set to become more acute in the transition to a greater reliance on renewable energy sources. Dukemount is therefore looking for further potential joint venture partners, for a potential pipeline up to 100MW reaching value of approximately GBP100m.
Thu, 10th Mar 2022 10:50
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
SMALL-CAP - WINNERS
Amala Foods PLC, up 27% at 0.70 pence, 12-month range 0.35p-2.03p. Says proposed rare earths exploration subsidiary, Terra Rara UK Ltd, which has majority interests in three rare earths projects across Angola and Uganda, has seen high-grade results from drilling on the Mungo project. Notes project has the potential to become a "low capex and low opex REE project". Still looking to close acquisition of Terra. Director Aidan Bishop says: "I am pleased with the progress being made on this potential transaction that if successful will result in a complete transformation for the company. The company announced previously that based on the current number of outstanding shares, if successful, the transaction would result in a 'see through' valuation of approximately 2p per share."
He commented: “This is a major box now ticked, if we are to make a light oil discovery at Jade. The comparisons to nearby CNOOC discovery wells look very compelling. Drilling operations continue to run smoothly and safely, with progress to date right on schedule”.
Empyrean Energy subsequently updated its internal Geological Chance of Success to 65% from 41%, with a 47% rise from 35% for its Topaz prospect.
The company confirmed that higher values of methane ranging from 4190ppm to 15440ppm were recorded in the pre-drill interpreted “gas cloud” zone between 1550 metres to 1800 metres measurement difference.
The oil and gas exploration group commented that the results validated its pre-drill interpretation of seismic data encompassing the presence of gas clouds over the Jade prospect, alongside the firm’s Topaz prospect.
Empyrean Energy said that any oil discovered would likely be light oil in the 38-41 API range, in line with discoveries from nearby projects.
The Jade prospect was spudded after its 2 April drilling date was delayed due to bad weather and volatile sea wave conditions on 10 April, however the drilling programme is now reportedly on schedule to deliver results to shareholders on the company’s timeframe.
“The first technical objective of the Jade well has now been drilled,” said Empyrean Energy CEO Tom Kelly in a statement.
“The validation of “gas clouds” through the presence of elevated methane levels in exactly the depth zone we interpreted on the excellent quality seismic data proves that the gas clouds exist and supports the Company’s pre-drill interpretation that the methane is probably coming from light oil in the anticipated reservoir section.”
“This is a major box now ticked, if we are to make a light oil discovery at Jade. The comparisons to nearby CNOOC discovery wells look very compelling. Drilling operations continue to run smoothly and safely, with progress to date right on schedule”.
https://ukinvestormagazine.co.uk/empyrean-energy-raises-jade-prospect-chances-to-65/
McColl’s Retail Group continued its mini-recovery as the market awaits the outcome of talks with lenders over the c-store chain’s future, with the stock up 16% to 4.4p.
https://www.thegrocer.co.uk/results/city-snapshot-heineken-sales-surge-as-pubs-reopen-but-cost-pressures-remain/666689.article
The Group delivered two-year like-for-like sales growth of 5.9% in the 11 weeks to 13 February 2022, in line with the neighbourhood convenience market. The Group is starting to experience strengthening margin as impulse product sales recover, and has taken further mitigating actions, including a full review of pricing and costs.
Morrisons Daily stores are delivering like-for-like sales growth that is at least 20% better than non-converted, comparable stores, and ahead of the total convenience market. The Morrisons Daily store conversion programme re-commenced in early February 2022, following a scheduled pause over the Christmas and New Year period. So far in 2022, the Group has opened 18 Morrisons Daily stores and a further seven will be converted this week with the full support of Morrisons. The Group remains on track to complete 450 Morrisons Daily store conversions by the end of FY22, fundamentally reshaping the business into a more profitable and sustainable model in the medium term.
https://www.investegate.co.uk/mccoll--39-s-retail-grp--mcls-/rns/response-to-media-speculation/202202280700099459C/