reports
- Hybridan Team
Hybridan Small Cap Feast: 06/05/2025
Our daily digest of news from UK Small Caps 6th May 2025 @HybridanLLP * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Dish of the day Admissions: None Delistings: Advfn (AFN.L) left AIM and Vulcan Industries (VULC.PM) left AQSE. Whilst we were away, on Friday 2nd May, Brighton Pier...
- MarketLine Department
Atalaya Mining Copper SA - Company Profile and SWOT Analysis
Summary Atalaya Mining Copper SA - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Atalaya Mining Copper SA (Atalaya), formerly Atalaya Mining plc, is a mineral exploration and development company. It explores and produces base and precious metals such as copper, gold, silver...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 20/03/2025
Our daily digest of news from UK Small Caps @HybridanLLP 20th March 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: One Health Group (AQSE: OHGR), a provider o...
- Alison Turner
KEFI Gold and Copper - Clearing the decks
KEFI has announced that it is raising c £10.6m by issuing c 1.9bn shares at a price of 0.55p. The full raise is in five parts: a firm placing, a retail offer, a conditional placing, a conditional subscription and a conditional issue. The first two have now been completed, raising £5.4m (gross) via the issue of 988.5m shares. The remaining three require shareholder approval from a general meeting on 2 January. Assuming this to be the case, they will raise a combined £5.1m (gross) via the issue of...
Hybridan Small Cap Feast - 3 December 2024
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? Transferring markets: 8 November: Zentra Group plc (ZNT.L)* will delist from the Equity Transition Segment of the Main Market...
- Alison Turner
KEFI Gold and Copper - Swapping assets for cash
This morning, KEFI Gold and Copper (KEFI) announced it is in talks with its Saudi joint venture partner, ARTAR, to exit its Saudi Arabian joint venture, G&M. The exit will remove KEFI’s obligation to pay US$10m to maintain its beneficial interest in G&M at 25% (cf 15% otherwise).
- Emily Liu
Hybridan Small Cap Feast 12 July 2024
Dish of the day Admissions: None Delistings: None What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to continue to make financial progress on its “Bisie North Tin Project”. The Company’s first day of trading on AIM is expected to be 26th July 2024. The Primary Offer expected size is approximately £4.0m. Banquet Buffet*** A...
- Alison Turner
KEFI Gold and Copper - The penultimate piece of the puzzle
On 4 March, KEFI announced a firm placing of 750m new shares to raise £4.5m at a price of 0.6p/share plus a further 83.3m shares (subject to approval by shareholders at a general meeting on 26 March), also at 0.6p, in direct settlement of a number of the company’s liabilities. Finally, on 5 March, it announced the closure of a simultaneous retail offer via PrimaryBid to raise a further £0.5m via the issue of a further 82.7m shares. Assuming approval at the company’s general meeting, in aggregate...
- Alison Turner
KEFI Gold and Copper - Counting down to launch in H124
In its post-Indaba release of 13 February, KEFI announced that the multi-party, subsidiary-level financing of its Tulu Kapi gold project in Ethiopia is now advancing on the back of Ethiopian federal government commitments finally received in October 2023. As a result, the lead lender quickly processed its approval in December 2023 and now all other stakeholders are triggering their respective flow-on processes. At the same time, the Federal Government of Ethiopia has confirmed that its equity ca...
Hybridan Small Cap Feast
13th February 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obj...
Hybridan Small Cap Feast - 10 Jan 24
10th January 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
- Alison Turner
Gold sector report: September 1979 revisted
We believe that three features of the general, western economic crisis of the 1970s are relevant to current conditions both in the gold market and in the wider US economy. First, it heralded a period of significant volatility in real interest rates that lasted until December 1981. During this time, the gold price materially re-based itself from US$315/oz in August 1979 (when real interest rates were -0.438%) via US$382/oz in October 1979 (when real interest rates were 3.428%) to US$653/oz in Jan...
- Alison Turner
KEFI Gold and Copper - East Africa and Ethiopia attracting investment
Three recent developments have served to put KEFI’s Tulu Kapi into the spotlight. The first is Ethiopia’s recent central bank directive exempting certain strategic industries – including mining – from foreign exchange controls, satisfying the last major condition precedent for the issuance of final approval by the project finance lenders. The second is Allied Gold’s listing on the TSX, including its decision to raise US$250m (US$160m in equity), of which 80% is to be invested in developing the K...
- MarketLine Department
Atalaya Mining plc - Mergers & Acquisitions (M&A), Partnerships & Alli...
Summary Marketline's Atalaya Mining plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Atalaya Mining plc - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investmen...
Hybridan Small Cap Feast - 27 Jun 23
27th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
- Alison Turner
KEFI Gold and Copper - New timings
Notwithstanding the trials and tribulations that it has had to deal with in Ethiopia in recent years, KEFI believes that it is finally nearing the end of its approvals odyssey. Being first mover and also traversing the country’s turbulent swing to democracy has cost the company unpredictability, time and money. However, the new mining minister is reported to be serious – to the point of being enthusiastic – about developing KEFI’s Tulu Kapi project and the three substantive pre-conditions for fi...
- Alison Turner
KEFI Gold and Copper - New exploration and increased resources
This week, KEFI Gold and Copper (KEFI) released two updates pertaining to its exploration and development in Saudi Arabia. First, it announced an increase in the mineral resource estimate (MRE) and indicated resource at the Hawiah project. The MRE increased by 16%, boasting an additional 4.1Mt and generating a new total of 29.0Mt, with the indicated resource up 14% from 10.9Mt to 12.4Mt, inclusive of oxide material (previously inferred) containing 80,000oz of gold. Second, KEFI announced the awa...
- Alison Turner
KEFI Gold and Copper - Counting down to production
In its release of 21 November, KEFI announced the formal approval of the updated finance plan by all the Tulu Kapi syndicate contractors, investors and lenders. Financing continues to be almost entirely at the project or subsidiary level and is consistent with previous guidance. The detailed breakdown of the sources and uses of the US$320m project funding will be detailed at the time of signing definitive documentation, but we have a reasonable understanding based on our detailed modelling and m...
- Alison Turner
KEFI Gold and Copper - Rounding the final bend
KEFI Gold and Copper (KEFI) has, this week, made two announcements pertinent to its future. In the first, it announced the renewal of its Jibal Qutman exploration licence in Saudi Arabia, which opens the way for the commencement of field programmes and environmental studies etc required ahead of the award of a mining licence. In the second, this morning, it announced continued progress with project financings (including final costs and schedules for a combined open pit and underground mine) at T...
Edison Investment Research Limited: KEFI Gold and Copper (KEFI): Hawia...
Edison Investment Research Limited Edison Investment Research Limited: KEFI Gold and Copper (KEFI): Hawiah developing rapidly behind Tulu Kapi 18-March-2022 / 07:00 GMT/BST London, UK, 18 March 2022 KEFI Gold and Copper (KEFI): Hawiah developing rapidly behind Tulu Kapi Since we published our last outlook note on KEFI in July 2021, the company has raised additional equity to deleverage its balance sheet and announced a turnaround in the working environment in Ethiopia, plus the take-off of its projects in Saudi Arabia. In particular, KEFI reports the civil war in Ethiopia ef...
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