Small Cap Feast – Celsius Resources, Eqtec, Ixico, Oriole Resources, Technology Minerals, Trident Royalties and more… – Proactive Investors UK




This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping us understand which sections of the website you find most interesting and useful. See our Cookie Policy for more information.
Strictly Necessary and Functional
These cookies are used to deliver our website and content. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds.
Advertising
Advertising Cookies collect information about your browsing habits such as the pages you visit and links you follow. These audience insights are used to make our website more relevant.
Performance
Performance Cookies collect anonymous information designed to help us improve the site and respond to the needs of our audiences. We use this information to make our site faster, more relevant and improve the navigation for all users.
Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
Pharma & Biotech
Coronavirus
Cannabis
Battery Metals
Psychedelics
12:47 Fri 09 Dec 2022
Hybridan Small Cap Feast 09-12-2022 – our daily digest of news from UK listed Small and Mid caps What’s cooking in the IPO kitchen?** Savannah Energy, the AIM-quoted energy company is undergoing a reverse transaction in connection with the acquisition of Exxon Mobil Corporation’s entire upstream and midstream asset portfolio in Chad and Cameroon.
 
9 December 2022
*A corporate client of Hybridan LLP
** Arranged by most recent first
*** Alphabetically arranged
 
Dish of the day
Joiners:
No joiners today.
Leavers:
No leavers today.

 
 
What’s cooking in the IPO kitchen?**
 
Savannah Energy PLC (AIM:SAVE), the AIM-quoted energy company  is undergoing a reverse transaction in connection with the acquisition of Exxon Mobil Corporation (NYSE:XOM)‘s entire upstream and midstream asset portfolio in Chad and Cameroon. No capital to be raised on Admission.  Anticipated market cap £323m.  Expected 13 December. 
Celsius Resources Ltd (ASX:CLA), intends to join AIM. Currently ASX listed, Celsius is a natural resources exploration and development company principally seeking to explore and develop potential world-class copper-gold assets in the Philippines and a cobalt asset in Namibia. Amount planning to raise and anticipated market cap TBC. Expected late December 2022. 
Smarttech247 Group, intends to join AIM.  The company is a provider of AI enhanced cybersecurity services providing automated managed detection and response and has raised £3.67m to support its continued expansion into new products and geographies, development of its proprietary technology and for general working capital purposes. Admission is expected to take place on 15  December 2022 under the TIDM S247.
Conviction Life Sciences, a newly established closed-ended investment company managed by Plain English Finance Limited, is seeking to list on Premium Segment of the Main Market of the London Stock Exchange, to invest in a conviction portfolio of life sciences and medical technology businesses, primarily in the UK, Europe and Australasia. The Company will invest in both Publicly Traded and Private companies – c. 70% and c. 20% of the total portfolio value respectively. The Company will target an annualised Total NAV Return of 20% over the long-term. Targeting to raise c.£100m. Date 16 December.
Kistos PLC (AIM:KIST) intends to join AIM. The Company was incorporated to act as a new holding company for the group companies 0f Kistos PLC (AIM:KIST) (KIST), a holding company with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector. Anticipated Market Cap £327m. Expected 22 Dec 2022.
 
 
 
Banquet Buffet***
Bonhill Group PLC (LSE:BONH) 6.75p £8.1m
The B2B media business announced an update on the strategic review and formal sale process and an update on trading. The Company has received a conditional offer of £6.6m in cash (equating to a price per share of approximately 5.5 pence) from a privately owned UK media company for the assets and trade of its UK and Asia businesses which, subject to the completion of satisfactory due diligence, is expected to complete in January 2023. In addition, the Company has received indicative conditional offers for its US business, InvestmentNews LLC and will provide a further update once a preferred buyer has been selected.  The Company also announced that the Board expected revenues of approximately £14.5m and an EBITDA loss of approximately £0.6m for the year ending 31 December 2022 due to the reluctance of some clients to release planned marketing spend into FY2022.
 
EQTEC PLC (AIM:EQT) 0.29p £27.3m
The technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation, announces that it has today entered into a loan facility with Altair Group Investment the Company’s largest shareholder.  The Facility will provide the Company with an up to £2.0m unsecured loan with a term of 24 months from the date of execution. The Facility carries an annual interest rate of 8.0% on funds drawn and outstanding, with interest payable quarterly in advance. Additionally, the Company will pay a 2.5% fee for arrangement of the Facility.
 
GreenRoc Mining PLC (AIM:GROC) 4.75p £5.3m
The developer of critical minerals projects in Greenland, has raised £315,000 at a price of 4.5p which represents a discount of 13.5%.  The proceeds of the Placing will be used to support an accelerated development programme at the Company’s Amitsoq Graphite Project in South Greenland. 
Ironveld PLC (AIM:IRON) Ironveld 0.30p £8.8m
Ironveld announces updates on the acquisition of Ferrochrome Furnaces, the refurbishment and start up of the smelters, and on the project.  Closing of the acquisition remains subject to the satisfaction of certain conditions which are progressing well and relate to finalisation of particular documentation.  Progress continues to be made on the refurbishment and start up of the Rustenburg smelter.  As announced on 17 October 2022, first production was anticipated in Q1 2023 but Ironveld can now confirm that the first of the smelter’s three planned operational furnaces is expected to be in operation within the coming weeks, significantly ahead of the original schedule.  Site establishment and preparatory groundworks within the Lapon Licence area are now substantially complete and the mine will be delivering ore to the smelter as planned later this month.
IXICO PLC (AIM:IXI, OTC:PHYOF) 26.5p £12.8m
The precision analytics company delivering intelligent insights in neuroscience announces that it has been selected by a leading global pharmaceutical company, and new client, to provide MRI imaging services for an early phase clinical trial in Multiple System Atrophy.  IXICO has signed a start-up agreement with the client which is anticipated to extend to a contract value of approximately £0.6m early in 2023.  The trial is expected to last for two years.
Oriole Resources PLC (AIM:ORR) 0.11p £3m
The gold exploration company focused on West Africa provides an update on its 24.94% interest in privately-owned Thani Stratex Resources Limited (TSR) which holds a 100% interest in the Hodine licence in Egypt.  With the Licence due to expire on 31 December 2022, and no possibility of extending its tenure, TSR has advised the Company that it has now formally relinquished the Licence. Accordingly, an amount of £1.45m, relating to the carrying value of TSR, will be written down in the Company’s accounts at the year end.
Purplebricks Group PLC (AIM:PURP) 9.37p £28.7m
The tech-led estate agency business announces its results for the six months ended 31 October 2022.  Revenue for the period was £34.5m (down 16%), adjusted EBITDA loss of £8.4m (down 950%).  Annualised cost savings increased from £13m to £17m.  Financial benefits of the plan are expected  to come through in H2 and drive positive cash generation early in FY24. 
SIMEC Atlantis Energy Ltd (AIM:SAE, OTC:SMAYF) 2.27p £15.5m
The developer, owner and operator of sustainable energy projects has announced that the planned 230MW / 460MWh battery energy storage system at the Uskmouth site has been granted planning consent with conditions by Newport City Council. As announced on 24 May 2022, the company has been working with Energy Optimisation Solutions and Quinbrook Infrastructure Partners, via their portfolio company Uskmouth Energy Storage Limited (UES), to develop this project which will be owned and operated by UES. Following this decision the company expects the remaining contractual milestones along with financial close to be achieved in Q1-23.
Technology Minerals PLC (LSE:TM1) 1.62p £21.2m
The  company focused on creating a sustainable circular economy for battery metals, has entered into a £4.0m convertible bond facility with Macquarie Bank Limited and Atlas Capital Markets.  The Facility will be used primarily to enable the Company to ramp up of the first phase of operations at the Tipton lead-acid battery recycling plant and prepare to commence industrial-scale processing through an automated plant following approval from the Environmental Agency.  It will also support operating costs and capital expenditure.  The facility has a coupon of 5% per annum over the SONIA rate.
Trident Royalties PLC (AIM:TRR) 52.5p £152m (TRR.L)
The diversified mining royalty company has announced that it has entered into an agreement with Franco-Nevada Corporation (TSX:FNV) (TSX, NYSE: FNV) for the sale of several pre-production gold royalties for cash proceeds of up to USD15.8m. The Transaction allows Trident to realise a significant return on its initial investment, while rightsizing the gold exposure within its portfolio and further strengthening the Company’s balance sheet for subsequent acquisitions.  In parallel with the Transaction, Trident has also restructured its existing debt facility with Macquarie Bank Limited on more favourable terms, reducing the coupon by up to 2%, deferring principal repayments, and extending the term by one year.
 
Chef:
Emily Liu, CFA, CAIA
0203 764 2344
[email protected]
 
Chef:
Sacha Morris
[email protected]
 
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 objectives, financial situation or needs of any specific entity and is not a personal recommendation to anyone. Recipients should make their own investment decisions based upon their own financial objectives and financial resources and, if any doubt, should seek advice from an investment advisor.
The information contained in this document is based on materials and sources that are believed to be reliable; however, they have not been independently verified and are not guaranteed as being accurate. This document is not intended to be a complete statement or summary of any securities, markets, reports or developments referred to herein. No representation or warranty, either express or implied, is made or accepted by Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings in relation to the accuracy, completeness or reliability of the information in this document nor should it be relied upon as such.
Any and all opinions expressed are current opinions as of the date appearing on this document only. Any and all opinions expressed are subject to change without notice and Hybridan LLP is under no obligation to update the information contained herein. To the fullest extent permitted by law, none of Hybridan LLP, its members, directors, officers, employees, agents or associated undertakings shall have any liability whatsoever for any direct or indirect or consequential loss or damage (including lost profits) arising in any way from use of all or any part of the information in this document.
This document is sent to you as market commentary only. As market commentary this document does not constitute any of (i) investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments for the purposes of the UK retained version of section B of annex I to Directive 2014/65/EU (“MIFID II Directive”); or (ii) investment research as defined in the UK retained version of article 36(1) of Commission Delegated Regulation 2017/565/EU made pursuant to the MIFID II       Directive; or (iii) non-independent research (as such term is defined in the Financial Conduct Authority’s Conduct of Business Sourcebook).
This document should not be relied upon as being an independent or impartial view of the subject matter. The individuals who prepared this document may be involved in providing other financial services to the company or companies referenced in this document or to other companies who might be said to be competitors of the company or companies referenced in this document. As a result both Hybridan LLP and the individual members, officers and/or employees who prepared this document may have responsibilities that conflict with the interests of the persons who receive this document. Hybridan LLP and/or connected persons may, from time to time, have positions in, make a market in and/or effect transactions in any investment or related investment mentioned herein and may provide financial services to the issuers of such investments.
In the United Kingdom, this document is directed at and is for distribution only to persons who (i) fall within article 19(5) (persons who have professional experience in matters relating to investments) or article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (as amended) or (ii)  persons who are each a professional client or eligible counterparty (as those terms are defined in the Financial Conduct Authority’s Conduct of Business Sourcebook) of Hybridan LLP (all such persons referred to in (i) and (ii) together being referred to as “relevant persons”). This document must not be acted on or relied up on by persons who are not relevant persons. For the purposes of clarity, this document is not intended for and should not be relied upon by any person who would be classified as a retail client under the Financial Conduct Authority’s Conduct of Business Sourcebook.
Neither this document nor any copy of part thereof may be distributed in any other jurisdictions where its distribution may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Distribution of this report in any such other jurisdictions may constitute a violation of territorial and/or extra-territorial securities laws, whether in the United Kingdom, the United States or any other jurisdiction in any part of the world.
Hybridan LLP and/or its associated undertakings may from time-to-time provide investment advice or other services to, or solicit such business from, any of the companies referred to in this document. Accordingly, information may be available to Hybridan LLP that is not reflected in this material and Hybridan LLP may have acted upon or used the information prior to or immediately following its publication. In addition, Hybridan LLP, the members, officers and/or employees thereof and/or any connected persons may have an interest in the securities, warrants, futures, options, derivatives or other financial instrument of any of the companies referred to in this document and may from time-to-time add or dispose of such interests.
This document may not be copied, redistributed, resent, forwarded, disclosed or duplicated in any form or by any means, whether in whole or in part other than with the prior written consent of Hybridan LLP.
Hybridan LLP is a limited liability partnership registered in England and Wales, registered number OC325178, and is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Any reference to a partner in relation to Hybridan LLP is to a member of Hybridan LLP or an employee with equivalent standing and qualifications. A list of the members of Hybridan LLP is available for inspection at the registered office, 2 Jardine House, The Harrovian Business Village, Bessborough Road, Harrow, Middlesex HA1 3EX.
Add related topics to MyProactive
Create your account: sign up and get ahead on news and events
ProactiveInvestors is a publisher. You understand and agree that no content in this record or published on ProactiveInvestors’ website (the “Site”) constitutes a recommendation that any particular security,…
  Proactive Crypto expert William Farrington joins Thomas Warner for this week's Crypto Roundup to gives his take after another week of turmoil in the crypto markets. He touches upon the Amber Group's decision to end its sponsorship of Chelsea FC, reveals what the Grayscale Bitcoin Trust…
Prev article
Next article
Only registered members can use this feature.
or
© Proactive Group Holdings Inc, 2022
Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom” is registered in England with the Company Registration number 05639690. Group VAT registration number 872070825. You can contact us here.
Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use.

source


CyberTelugu

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top

Adblock Detected

Please consider supporting us by disabling your ad blocker

Refresh Page