Bert Monro head of Business Development at Hummingbird PLC speaks to Share Talk about the Placing and Subscription to raise approximately £45.8 million market update. Funds will be used to complete detailed engineering, order long lead items and to commence construction of the Yanfolila Gold Mine with EGM approval.
Dan Betts, Managing Director of Hummingbird Resources, said: “We are now in a position to commence full-scale construction in order to bring Yanfolila, one of the highest margin undeveloped gold projects in Africa, to production. This equity placement enables Hummingbird to move immediately into detailed engineering with a clear timeline to production. The Company will now have a strong balance sheet and is positioned to negotiate the best possible debt terms for our shareholders.
“The Company will now make a number of key hires to strengthen the team. We look forward to making further announcements as we start delivering significant milestones at Yanfolila. Yanfolila will produce over US$70m of free cash flow in its first full year of steady state production.
MEO Australia Limited (“MEO”) (ASX: MEO) advises that the seismic reprocessing and inversion study over the Beehive prospect in WA-488-P (MEO 100%) has now been completed, with very encouraging results. The seismic inversion results have reinforced the interim reprocessing results (see ASX announcement 14 April 2016) and have enhanced the understanding of the Beehive reservoir and seal units, providing additional confidence regarding the nature of the Beehive prospect.
Beehive is potentially a multi-billion barrel, dual objective, oil prone prospect in the Bonaparte Basin located in 40m water depth next to the producing Blacktip field. The Carboniferous age objective is a 180km2 isolated carbonate build up with 400m of mapped vertical relief, analogous to the giant Tengiz field in the Caspian Basin. This play type is new and undrilled in the Bonaparte Basin.
Gervaise Heddle & Paul Johnson talk about the future of Greatland Gold. They explain the road map and how excited they are about the Bromus Project.
The resent appointment of Gervaise Heddle as a Non-Executive Director of Greatland Gold and the expeirance he brings to the company.
Will #GGP consider bringing any new assets on board in the future is answered in this interview
Canadian Overseas Petroleum (COPL) is a junior E&P company with a focus on deep water exploration opportunities in Sub-Saharan West Africa. The company’s core asset is a 17% interest in Block LB-13 in Liberia where COPL will be carried through US$120m of exploration expenditure by the operator, ExxonMobil. A high impact maiden exploration well is scheduled to be drilled on Block LB-13 in Q4 2016. COPL also has exciting exposure to prospective exploration assets in Nigeria, Equatorial Guinea and Namibia through its interest in ShoreCan, a 50/50 joint venture with major African conglomerate, Shoreline Energy International.
Welcome to the 8th SHARE TALK CONKERS’ CORNER. I have the pleasure of speaking with Roz Sherali @aim_trading or Roz as everyone knows her on Twitter.
Roz’s first interest in stocks and shares evolved from the Conservative government’s de-nationalisation policy of utilities and services. She participated in some the privatisations in the early 1990s, including that of Scottish Power.
Roz is an ex-Investment Banker and has worked for both Deutsche Bank & JP Morgan.
Justin Lewis #ACP talks about today’s RNS market update
Proposed acquisition of a High Grade Coarse Flake Graphite Project in Tanzania. We also talk about development plans and how will this sit alongside your interest in the Mpokoto Gold Project in Democratic Republic of Congo
Karl Smithson, CEO of Stellar Diamonds PLC (STEL) talks about the recent RNS Initial Approval of Tongo Mine Licence and an update on progress in Guinea.