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Morning Rockers!
Definitely looking lively, was getting NT for just 1k's worth for the first hour of this morning's trading. Now ticked up off the back of a few small trades.
Quick re-cap on where we are:
COPPER HIGHLIGHTS
1. Access track and drill pad preparation is well underway at the Copperhead porphyry project in preparation for diamond drilling. The project has not been subjected to drilling for nearly 50 years and Rockfire is redeveloping the original access tracks used for historical drilling.
2. The commencement date for drilling is determined by the completion of the access tracks. The drilling supervisor is arriving on site next week to assess logistics, water availability and to check rig access. The drill rig is track-mounted, making access easier and resulting in smaller drill pads being required.
3. Several kilometres from the actual drilling site, Rockfire geologists are observing weathered sulfides in fractures and veins within the intrusions as the access track progresses up the ridge towards the drill sites.
4. A landowner access agreement (one of the steps required for all exploration programmes in Queensland), is being negotiated at the Copper Dome porphyry project in preparation for diamond drilling.
GOLD HIGHLIGHTS
1. A high-definition gravity surv ey is in progress at the Plateau gold deposit, part of the Lighthouse tenement. This survey is designed to detect concentrations of sulfides at depth, beneath the 1.4 million t at 1.20 g/t gold (Au) already discovered in the top 100 m from surface at Plateau. Approximately 70% of this survey is complete.
2. Extension soil sampling has been completed at the Bell Rock gold prospect, which also lies within the Lighthouse tenement and is 3.5 km southeast of Plateau.
3. Soil samples from Bell Rock have returned high gold-in-soil values up to 0.4 g/t Au. The highest silver value in the soils is 2.3 g/t silver (Ag) and maximum copper value is 466 ppm copper (Cu). These results outline a second, coherent trend, with dimensions of 100 m wide and +350 m long and open along strike.
GLALTH's
The investment platform said it will seek to increase its investor base, both geographically and with new institutions and is already evaluating opportunities to create more global visibility through new trading venues
Supply@ME Capital plc - Supply@ME expects to see ‘snowball’ effect after first monetisation
Supply@ME Capital plc (LON:SYME) said it expects to see a "snowball" effect of penetration into a growth phase of both the demand side and the supply side after it achieves first monetisation.
The investment platform said it will seek to increase its investor base, both geographically and with new institutions and is already evaluating opportunities to create more global visibility through new trading venues.
It added that the completion of the two key initiatives, which are the Captive Bank (and accordingly the first Italian monetisation transaction) combined with the TradeFlow Capital acquisition, will allow the company to declare an "up and running" platform.
It would represent the three years of positive track record of TradeFlow and nearly seven years of investment developing the inventory monetisation business.
In addition, the workstreams on UK inventory monetisation and the promotion of the Shariah version of the platform will boost the placing of SYME's inventory monetisation asset class with the global asset management industry.
The company also expects to develop a revenue stream by "white-labelling" its platform so institutions to use TradeFlow's proprietary technology for dedicated trade financing.
In parallel, SYME has to work to scale up its operations and leverage its international footprint, which now covers all the target geographies: UK, Europe, MENA, US and Far-East and in which its technology and personnel will play a key role in this "revenue-generation" phase.
In the period to 31 December 2020, the firm raised £2.2mln, made £1.1mln of revenues compared to £4,000 in 2019, with loss before tax and the exceptional cost of listing, which came in at £1.3mln, of £2.8mln compared to £687,000 in 2019.
“In terms of strategic positioning and global investor relationships, following the first monetisation, the Company expects to see a "snowball" effect of penetration into a growth phase of both the demand side and the supply side of this novel financing concept that SYME's Platform facilitates - and from which SYME intends to maximise shareholder value. It will seek to increase its investor base, both geographically and with new institutions and is already evaluating opportunities to create a more global visibility of its unique initiative through new trading venues”
GLALTH
Acquisition of Production Assets in East Texas
Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, has today acquired all of the issued shares in Nadsoilco LLC, ("Nadsoilco") for a cash consideration of US$1.1 million, which will be paid from existing cash reserves (the "Acquisition").
Key Highlights
· 20% increase in working interest ("WI") in the Stanley Project from 15-19% to 35-39%
- Net production increase from circa 27 to 60 bopd (based on prior quarter)
· 20% WI in the oil producing Livingston Leases
· 23.3% WI in oil producing Winters Lease with development well to be drilled
· Mosman becomes Operator of these leases, providing more control over day-to-day operations and drilling new wells
Morning Rockers!
Yes all very quiet of late. But remember, there are only 8 days until the AGM...
The Company's Annual General Meeting will be held at Unit 302,1 Sylvan Avenue, Balgowlah NSW, 2093, Australia, on Wednesday, 30 June 2021 at 9:30 a.m. (BST).
GLALTH
Morning Rockers!
Yes all very quiet of late. But remember, there are only 8 days until the AGM...
The Company's Annual General Meeting will be held at Unit 302,1 Sylvan Avenue, Balgowlah NSW, 2093, Australia, on Wednesday, 30 June 2021 at 9:30 a.m. (BST) .
GLALTH
Morning all,
WOW what a week and a half it has been for our little bio hey?!
Taking a little breather now before news, but let's try not overlook the facts:
1. the HMN individual has invested almost £2.5 million in SAR! This is a BIG show of faith
2. According to the company, some of the proceeds will be used to progress the development of the potent and selective dual TYK2/JAK1 inhibitor (1801) program.
3. The TYK2 enzyme plays a vital role in the inflammatory response and in type 1 interferon signaling – part of the innate immune response that blocks the spread of a virus from infected to uninfected cells
4. TKY2 has the potential to help patients with severe Covid-19
5. To help investigate 1801's impact on severe coronavirus cases, the UK Government provided SAR with grant funding.
6. The results of the 6 month initial COVID study on the therapeutic potential of the treatment is expected to be reported by SAR imminently
6. As well as COVID, don't forget the other less explored autoimmune conditions that 1801 could potentially target: Lupus ($1.9bn market), IBD ($16bn market), etc
GLALTH's
Great minds Robbo/Havoc, my response to the message SYME sent me asked for clarity over the reasoning for the volume of tranches over the 2 year period. I received the below response 10 minutes ago (will also post a screenshot again under #syme):
Hi Nick, we have not the necessity to draw down further notes. The programme is important since we could (not any obligation) to link further issuance to strategic transactions (and not since we are into a death spiral of cash needs :) without any business progresses...).
Hello all,
I decided to take the liberty and voice a few shared LTH concerns to AZ. Whilst it looks like the response didn’t come directly from him, I did get one and it explains that this is all part of SYME’s plan. They had “several opportunities of providers/investors/ asset manager” but preferred to have a facility which allows the company to use the funds ONLY (and step by step - not immediately all 56m) for strategic projects”
SYME now have immediate access to tranches of funds, which can/will only be taken if required/needed to fulfil a strategic goal that is in the best interest of company growth.
Below is the full response (screenshot also attached to Twitter under #SYME), GLALTH...if you believe in the tech, then hold and buy the dips:
Dear Nick,
as usual, the reaction of the investors was too emotional and, again, it has followed detractos/ derampers stories.
All the Directors (and AZ – as major shareholder with his skin in the game) wants the good for SYME.
Any facility is good or bad a priori. All depends on the phase of the life cycle of the Company.
The Company had several opportunites of providers/ investors/ asset manager which proposed different alternatives.
Technically, looking at the Group’ growth trajectory, SYME preferred to have a facility which allow the Company to use the funds ONLY (and step by step – not immediately all 56m) for strategic projects (accordingly for Company’ growth = revenues/ profits = higher shares price = very low dilution and, in anycase, related to an increase of the value of the Company) despite to equity investor which wanted now to enter into the capital at big discount (with an higher dilution).
All the best
Our old pal Zak is definitely bullish on our little SAR....9.5p :)
https://www.youtube.com/watch?v=Ysty7hCR1sw
Ah yes, our old buddy Zak Mir is indeed predicting 7p by July:
https://www.youtube.com/watch?v=mupsqiysjuA
GLALTH
Here is the snippet from the FT that mentions the “20 minute test”
Imagine the scene: it’s 2023, everyone in north-west London wakes up to a text telling them that there are high levels of flu and norovirus in their area, as well as an outbreak of Covid-19. You feel a little unwell. You walk to your bathroom cabinet and take out a home test that can tell you whether you have Covid, flu or maybe just a common cold.
“The old world was you think ‘oh well, better go to work’ and by the end of the day you’ve infected 20 people,” says John Bell, regius professor of medicine at Oxford university, who has spearheaded the widespread rollout in the UK of so-called “lateral flow devices”, which can be used at home and give test results in 20 minutes. “But now there’s a new world where you can test to see if you’re infectious and make sure you don’t pass it on.”
The pandemic has transformed the face of diagnostics, bringing testing into the home in a way many public health officials never imagined possible.
Here is the snippet from the FT re. The “20 minute” test:
Imagine the scene: it’s 2023, everyone in north-west London wakes up to a text telling them that there are high levels of flu and norovirus in their area, as well as an outbreak of Covid-19. You feel a little unwell. You walk to your bathroom cabinet and take out a home test that can tell you whether you have Covid, flu or maybe just a common cold.
“The old world was you think ‘oh well, better go to work’ and by the end of the day you’ve infected 20 people,” says John Bell, regius professor of medicine at Oxford university, who has spearheaded the widespread rollout in the UK of so-called “lateral flow devices”, which can be used at home and give test results in 20 minutes. “But now there’s a new world where you can test to see if you’re infectious and make sure you don’t pass it on.”
The pandemic has transformed the face of diagnostics, bringing testing into the home in a way many public health officials never imagined possible.
Morning Rockers!
Do t forget Rockfire exercised its option to acquire the Copper Dome porphyry copper deposit in Queensland, Australia in May 2019 from Symbolic Resources for A$30,000 in cash and $50,000 in new ordinary shares. “Cheap as chips” and almost 2 years to this day (24th May 2019)
Copper Dome is a vastly under-explored, potentially large-scale mineralised system only 50km from its Copperhead project, with recent soil sampling identifying "coherent, strong gold and copper anomalism", and rock samples returning copper values up to 23.4% and gold to 3.2g/t.
Previous diamond drilling in 1972 intersected 15.24m at 0.88% copper, including 4.58m at 2.28%, from 161m downhole depth; 12.2m at 0.61%, including 3.05m at 1.24%, from 54m downhole depth; and 24.38m at 0.27%, including 7.4m at 0.43%, from 225m downhole depth.
Copper Dome is characterised by impressive exploration results from historical drilling, a lack of systematic, modern exploration and poorly-orientated (vertical) drill holes. Copper Dome is considered by DP and Rockfire to be a highly prospective and under-explored prospect.
GLALTH
1. Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration – an important feature associated with many porphyry copper deposits.
2. The targets commence approximately 500 m below surface.
3. The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
4. The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
5. Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m at 0.23% copper (Cu) and 75 m at 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t gold (Au).
6. Alteration identified in core is primarily sericite/pyrite (+/- silica) phyllic alteration, suggesting that the current surface is at the upper-mid levels of a copper/gold porphyry system.
7. Sulfides in core range from 3 – 15% pyrite, with associated chalcopyrite. Fluids are recorded in geological logs as being focused within porphyritic intrusions and breccias.
8. Rockfire is preparing for drilling initially at the Copperhead porphyry copper project and intends to drill these new magnetic anomalies at Copper Dome also during this field season.
GLALTH
1. A ground magnetic survey has been completed at Plateau, where the company has previously announced a JORC gold resource of 53 336 oz of gold in the top 100 m from surface.
2. The new ground magnetic data highlight structures which may be faults, veins, or dykes, some of which are already known to host high-grade gold found in rock samples.
3. Multiple structures have been highlighted which have not yet been explored and lie within 250 m of the company's gold resource.
4. Rockfire has reverse circulation drilling planned and several of these targets will be tested in the forthcoming drilling, expected to commence in May 2021.
5. Previous geological, geochemical and geophysical exploration techniques have suggested that gold may originate from the southeast direction and there are promising structures aligned towards the southeast. These structures will be tested during the next drilling campaign.
LOTS OF NEWS AND LOTS OF UPDATES IN THE NEAR FUTURE! GLALTH....IN DP WE TRUST!
1. What is defined by the company as a “modest”, net positive cash flow, ranging from AUS$6.8 million to AUS$19.4 million (£3.7 million to £10.7 million), results from a small-scale, opencast mine. The range of anticipated cash flows dependents on technical and operational variables, however five differing scenarios all resulted in positive cash flow outcomes.
2. Multiple targets within the proposed pit outlines are yet to be drilled and the scoping study has identified numerous opportunities to increase gold ounces with additional shallow drilling.
3. Only the top 70 m has been incorporated into the scoping study, yet gold up to 16.9 g/t gold (Au) has been intersected more than 400 m below surface.
4. There is therefore significant potential to increase the economic outlook of the project based on continued exploration success at depth.<,/li>
The study assumes utilisation of one of the nearby existing processing facilities. There are several processing plants within commercial trucking distances of Plateau and, for this reason, capital costs are deemed to be minimal.
5. 69% of the scoped production originates from JORC Indicated Resources from both the Central and Eastern Breccias.
6. Average mined grades range between 1.26 g/t Au and 1.94 g/t Au from within the optimised pit outlines, with grade variations depending on the pit shape and depth.
7. A spot gold price of AUS$2220 (US$1718) per ounce was used and the current study excludes any contribution from recovery of silver.
8. Metallurgical test work will form part of the next drilling phase to provide important information regarding the expected metal recovery from processing.
9. Several excellent targets within 250 m of Plateau will be drilled to explore for additional near-surface gold ounces, which are not yet included in Rockfire's JORC resources
GLALTH AND....HOLD FOR GOLD!
Highlights
1. revised target increased significantly from 1 km x 2 km to a much larger area of 4 km x 3.5 km
2. Identification of 3 separate intrusions, all of which outline copper anomalism. 2 of these Intrusions have never been drilled before and 1 returned “very promising” copper and gold intervals intersected from a shallow historical drill that was previously abandoned prematurely due to bad ground conditions
3. 3D interpretation already been commissioned at depth with results “eagerly awaited”
4. Drilling at Copper Dome, consisting of 20 holes, already planned and at quote phase
As we know, the price of Copper surged to a massive $9,563 per metric ton over the past few months, which is approx a 10 year high! Remember Rock own 100% of Copper Dome...
GLALTH
You hit the nail right on the head there BobBobbins! £3.7 - £10.7m from just 1 starter project for a company with a mcap of £6.88m from just 1 of their sites! And DP is considering £3.7m - £10.7m as modest!
Rock have identified a “small scale” opportunity, which will to generate positive cash flow. They have even thought about the low capital costs of this open pit mining project thanks to the nearby existing processing facilities/plants within commercial trucking distances of Plateau.
But most importantly, this seems to have been deemed “modest” and the company have highlighted their intentions to engage in a “comprehensive” programme of infill and extension drills “shortly”, whereby they have several “excellent targets”. They clearly have no intention of settling for “modest” do they?! As they continue to explore for additional near-surface gold ounces, which are not yet included in the JORC
Goodluck all LTH’s and hold for gold!