Commodities

GOLD (XAUUSD) Dominant Bias: Bearish Gold has been trending downwards for several weeks, with intermittent rallies along the way. The intermittent rallies were sometimes strong enough to threaten the existing bearish bias in the short term. On October 2, 2015, price spiked upwards seriously, threatening the existing bearish bias again; but the bias would not […]

Half-yearly Results MX Oil, the AIM quoted oil and gas investing company focused on the re-opening Mexican energy sector, has announced its unaudited half-yearly results for the six month period ended 30 June 2015. Highlights for H1 2015 · Significant progress made regarding the onshore conventional field bidding round in Mexico · Access granted to […]

Interim Results Savannah Resources (LSE:SAV) has announced its interim financial results for the six months ended 30 June 2015. HIGHLIGHTS: OPERATIONS · Focussed on the development of multi-commodity portfolio: copper in Oman, with additional gold upside potential, and heavy mineral sands in Mozambique · Agreement signed with Rio Tinto for the combination of Rio’s Mutamba […]

Exercise of Warrants and Issue of Shares African Potash Limited, the AIM listed African exploration company, has announced that on 28 September 2015 Cornhill Capital Limited exercised its remaining 10 million warrants to subscribe for new Ordinary Shares in the capital of the Company at an exercise price of 0.3p per share (further details of […]

Disposal of the Company’s Ethiopian assets Alecto Minerals plc (LSE:ALO), the AIM quoted mineral exploration company focussed on Africa, has announced the disposal of its wholly owned subsidiaries Nubian Gold Exploration Limited and Rift Valley Resources Limited, which hold all of the Company’s interests in the Federal Democratic Republic of Ethiopia, namely the Wayu Boda […]

Just a quick one here but fantastic news from Serica Energy (LSE:SQZ) this morning. Cash, production and operating profit – whats not to like? Shares reacted to this news and closed up over 70%. A great result for holders from the 4-6p area but I think there is much more to go. Currently cash is […]

Scoping Study Demonstrates Robust Economics for a Joint Venture Heap Leach Project with Desert Gold Alecto Minerals (LSE:ALO), the AIM quoted mineral exploration company, has announced that further to the co-operation agreement entered into with Desert Gold Ventures Inc. (TSX.V:DAU), as announced on 9 March 2015, to assess the potential for jointly developing their respective […]

Bolnisi Project Exploration Update Noricum Gold Limited, the European focused base and precious metals exploration and development company, has provided an update on exploration works currently underway at the 861 km2 Bolnisi Project which is located in the Republic of Georgia. Highlights · Fieldwork in Georgia is well underway with the focus on Tsitel Sopeli […]

What are the details? Horizonte Minerals Plc, (LSE:HZM) (TSX:HZM) the nickel development company focused in Brazil, has reached agreement to indirectly acquire through wholly owned subsidiaries in Brazil the advanced high-grade Glencore Araguaia nickel project in north central Brazil. GAP combined with Horizonte’s 100% owned high-grade Araguaia nickel project creates one of the...

Preliminary Results Goldplat plc, the AIM listed gold producer, announces its preliminary results for the year ended 30 June 2015. Overview – Focussed on growth of market-leading gold recovery operations in South Africa and Ghana, with additional upside available from mining and exploration portfolio – Produced 30,524 ounces of gold (2014: 30,977 ounces) with 21,181 […]