Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not forgetting this news also . . .
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce that it has signed a non-binding Letter of Intent ("LOI") with an Arab consortium of strategic institutional investors focused on African development opportunities, to provide an investment of US$2 million in Zenith's share capital at a price of 2.5 pence per Zenith common share (equivalent to approximately NOK 0.33 or CAD$0.043), representing a premium of 384% over the closing mid-market price of Zenith's common shares admitted to trading on the London Stock Exchange on March 30, 2020 ("Strategic Investment").
Schools are unlikely to reopen until the next school year which is showing the trend on increasing the demand for remote learning tools and services. Company update this morning further supports the increasing trend and progress in securing new subscriptions and product offerings: -
- COVID-19 situation increasing product and subscription volumes
- Subscriptions for Launchyourcareer.com and VICTAR VR increasing by223% since the end of February 2020.
- Total number of UK schoolschools using the platform increasing to 191
- Business Continuity Plan execeuted succesfully - No disruption to services
- Launchpad for Employers adapted and being taken up by educational establishments to support their remote-learning
requirements during this period.
- Increased demand on services being supported by Phenix Digital Limited (recent acquisition)
- US launch of the platforms, in partnership with global hardware manufacturer Lenovo, remains on track for April 2020.
Trackwise Signs Ice Protection Manufacture Deal With GKN Aerospace
(Alliance News) - Shares in printed circuit board maker Trackwise Designs PLC jumped Friday after it signed a collaboration deal with GKN Aerospace to manufacture aircraft ice protection in were -
02 August 2019, 07:47Source - SMW
Trackwise Designs, which provides specialist products using printed circuit technology, said it had signed a collaboration agreement with GKN Aerospace for ice protection systems.
GKN Aerospace and Trackwise would build upon existing development work by advancing the manufacture of the systems to rate production level capability.
'Following nearly two years of joint product development, this is a significant milestone in our engagement with GKN, taking us a step closer to aerospace production at scale,' chief executive Philip Johnston said.
'The capabilities involved are wholly aligned with those being developed by Trackwise for Improved Harness Technology and while aerospace qualification is a lengthy process, the size of the potential end markets means that the future revenue potential for our technology is significant.'
. . .and while he is no longer involved in high-speed pursuits, he remains a busy businessman in Haddington, running his property development business and overseeing company interests in the oil industry and in opencast mining.
Curzon Energy PLC
?@CurzonEnergy
3m3 minutes ago
Curzon has laid the foundations for investor exposure to what it considers the best midterm energy play - US natural gas and LNG exports #CZN #Curzonenergy #Naturalgas #USA #Onthemove
Fans of British mining stock Sirius Minerals (SXX) may be interested in another potash company called Kore Potash (KP2:AIM) which has just listed on the UK stock market.
Analysts reckon it has a world class project which is likely to have some of the lowest operating costs in the industry, implying scope to make healthy profit margins if potash prices hold up.
Later this year Kore will have to raise a very large amount of money. Current estimates suggest its Kola project in the Republic of Congo will cost $1.8bn to build.
Chief executive Sean Bennett believes one third of the money will have to be raised from investors, adding up to $600m (£427m). That’s more than four and a half times its current market cap (£90.2m). The remaining $1.2bn will come from debt finance.
‘Our big investors know we have to raise a lot of money once our definitive feasibility study is out at the end of the second quarter or in the third quarter this year,’ explains Bennett. ‘They wouldn’t have backed us if they weren’t willing to help with the costs of the mine build.’
Kore (when known as Elemental Minerals) received a $123m takeover offer from Asian investor Dingyi Group in 2013 but the deal fell through for technical reasons linked to red tape around a stock market listing in Hong Kong.
Dingyi now owns 8.82% of Kore and is the fourth largest shareholder. Other big investors include SGRF (Oman’s state general reserve fund) at 19.06%, Chile lithium producer SQM at 17.55%, and Harlequin Investments at 12.55%.
Bennett says Kore will look to switch listings from AIM to London’s Main Market when it raises money for the mine build, similar to the route followed by Sirius Minerals.
He hopes to start construction next year and begin production in 2022, meaning it is just behind Sirius which is already building and eyeing a 2021 start-up for its potash project in Yorkshire.
Kore has an advantageous position thanks to its ore body being relatively shallow compared to many potash mines at 190m to 340m deep. In comparison, Sirius is sinking a shaft to a depth of 1,500m.
Kore will produce MOP which is the most common potassium source used in agriculture, accounting for approximately 95% of all potash fertilisers used worldwide. Sirius plans to produce polyhalite which has an unproven market.
Kore is at a disadvantage to Sirius from a financing perspective. The latter has already raised its mine money and arguably operates in a lower risk geography from an investment perspective.
The pair could soon be joined on the London stock market by another potash miner, Danakali. It has a joint venture in Eritrea on the Colluli project which could start production in 2020 via open pit mining. (DC)
Summer 2019 Flight Released on Website
Beware!!!
At the GM, the directors will propose resolutions seeking shareholder authority to allot shares, the dis-application of pre-emption rights and the ability to call a general meeting other than an annual general meeting on not less than 14 days' clear notice.
https://www.businessinsider.com.au/afterpay-acquisition-uk-capital-raising-results-2018-8