Proactive Investors News

Northland Capital Partners View on the City - Altona Energy

ALTONA ENERGY (LON:ANR) SECTOR – MINING RATING – CORP* MARKET CAP – £1.1m CURRENT PRICE – 67.5p# ANALYST – BARRY GIBB     Year-end Jun 2016A 2017A       Revenue (£m) - - No forecasts provided EBITDA (£m) 0.0 (0.3) Adj. pre-tax Profit (£m) 0.0 (0.3) Adj. EPS (p) 0.0 (0.0) DPS (p) - - Net Cash/(Debt) (£m) 0.3 (0.1) P/E (x) - - Dividend yield (%) - - EV/EBITDA (x) - -   SOURCE: Northland Capital Partners Limited estimates. >>>

Todays Market View - Iron ore prices rise despite weak Asian equity markets

SP Angel – Morning View – Friday 14 12 18 Iron ore prices rise despite weak Asian equity markets CLICK FOR PDF MiFID II exempt information – see disclaimer below   Bellzone Mining (LON:BZM) SUSPENDED – Bellzone liquidation effectively forced by Chinese shareholder preventing company from raising new debt or equity Bushveld Minerals* (LON:BMN) BUY - Target Price 87p – Professional investors buying Bushveld as ferro-vanadium prices pull-back to more sensible levels Firestone Diamonds (LON:FDI) 3.75 pence, Mkt Cap £20.0m – Liqhobong mine yields 46 carat diamond Kodal Minerals* (LON:KOD) 0.15p, Mkt Cap £11.1m – Interim results show important progress MOD Resources (LON:MOD) 18p, Mkt Cap £44.7m –Botswana licence renewals Ormonde Mining* (LON:ORM) 5.075p, Mkt Cap £24.0m – Barruecopardo commissioning remains on track   Gold – next year may well be good for gold The US Federal reserve is going to be limited in how far they can raise rates next year with maybe only one or two interest rate rises next year to take rates to ~>2.5% Tax cuts and wage growth will add to potentially raise inflation in the US next year alongside tariff issues Gold could easily move >$100/oz higher peaking at $1,375/oz with investors seen buying price dips to give the metal a base an expected base of around $1,208/oz US dollar looks likely to remain relatively strong through next year The passing of US and ECB QE will restrict available liquidity potentially making markets increasingly volatile Central banks are likely to remain supportive holders of gold and may continue to raise their holdings in the face of currency volatility and likely weakness in a range of other currencies The impact of continued US rate rises on fund flows may be dramatic and will continue to draw liquidity out of emerging markets causing some unpleasant currency swings Trump may use this to try and persuade the Fed to slow down its rate of rate rises but the higher rates will help Trump raise further funds to support his fiscal program if allowed Trump is no stranger to debt and is likely to continue to borrow to fund tax cuts and other plans Problem is that Trump does not control The House of Representatives and they are likely to restrict the US government deficit bringing the Cliff closer and causing political chaos Total US government debt $34 trillion of public and private debt (Bloomberg), over a third to total global debt of around $80 trillion. >>>

Amphion Innovations president on significant partner developments and strategy

Bob Bertoldi, president of Amphion Innovations PLC (LON:AMP) caught up with Proactive London’s Andrew Scott to discuss some of the big 2018 developments at the partner companies including Polarean Imaging (LON:POLX) and Motif Bio PLC (LON:MTFB) Polarean’s recently raised US$4mln through a share placing - Amphion took part in the placing and will remain the largest shareholder, holding some 18.4mln shares, equivalent to 18.2% of the enlarged share capital. >>>

Vast Resources notes reports it will be allowed to explore for diamonds in Zimbabwe but says no official notification received

Vast Resources PLC (LON:VAST) on Friday noted reports in the press that Zimbabwe’s Minister of Mines has stated that the AIM-listed group will be allowed to explore for diamonds in the African country but said it wishes to make it clear that it has received no official notification of this position. The AIM-listed mining company, with operating mines in Romania as well as Zimbabwe, said it will update the market as soon as it receives official notification. >>>

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