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November 2016

21Nov 2016

Red Rock Resources RNS – Jupiter Mines US$55M Distribution to Shareholders

red-rock-resources

 

Jupiter Mines Ltd (“Jupiter”), an Australian unlisted public company in which Red Rock owns 27,324,375 shares, has announced that its 49.9% owned associate Tshipi é Ntle Manganese Mining Proprietary Ltd (“Tshipi”) has resolved to distribute ZAR 1 billion to its shareholders in respect of the year ending 28 February 2017, subject to there being no material change in production and market conditions for the rest of the financial year. Jupiter has resolved on receipt of its portion of this payment to distribute US$55m to its own shareholders.

Highlights:

·     US$55m distribution by Jupiter means a US$658,350 (c£530,000) distribution to Red Rock

·     Distribution will be payable in March 2017

·     Jupiter expects further distributions in 2017 if manganese price continues strong

•     Production in year to February 2017 will comfortably exceed near 2m t target

·     Tshipi distribution repays shareholders 50% of capital cost of mine with over 60 years mine  life remaining

·     Jupiter to pursue “strategic options” for its investment

21Nov 2016

Angus Energy a small company with a bright future

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Angus Energy PLC said Monday 14th November 2016 that it has received permission from the UK Environment Agency to drill a side-track well at its Brockham production oil field in Surrey, after the company was admitted to trading on London’s AIM market.

The Angus Energy LON:ANGS

2009 the company was founded, the following year they qualifies as a UK O&G Operator. Jump forward to 2014 and the group acquired Brockham and Lidsey Oil Field Acquisition.

In 2015 Horse Hill Development Ltd. (HHDL) was founded by Angus Energy with Partners brought in to fund drilling of Horse Hill – 1 exploration well.

The Horse Hill-1 exploration well (less than five miles to the southeast of Brockham) was drilled and delivered on-time and on-budget by Angus Energy as the operator, partners. The group (Horse Hill sisters), which was behind the exploration at Horse Hill generated dramatic headlines in April 2105, with claims of a huge oil find near Gatwick airport

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Source:Reuters  

UK Oil & Gas, the largest investor in the site, said up to 100 billion barrels could lie under the area. However, the amount that could be extracted is yet to be proven with further drilling planned in 2107.

Angus Energy, one of the companies exploring for oil in the Home Counties, had its own plans and was planning to join the junior AIM market back in late 2015, hoping to raise millions of pounds to expand its drilling operations in Surrey and Sussex.

This is a onshore, UK-based oil and gas company that is focused on production and development. Angus Energy holds a 50% interest in the Lidsey licence PL 241 and a 40% working interest in the Lidsey-2 well.

Brockham and Lidsey Oil Field was always the prize and with their junior market listing, could they beat Horse Hill to the finish line in this race to get oil to market?  Or will both benefit from the Weald Basin attention.

20Nov 2016

The 3 key questions for the oil market poker game, ahead of OPEC’s meeting

Volatility continues to dominate oil markets, as the above chart confirms. Some weeks have seen prices move by over 18%. These are extraordinary moves in a market which is very well supplied, with near-record inventory levels. Some recent daily moves are equally extraordinary, with prices jumping $2.50/bbl on Tuesday.

The volatility highlights the power of the futures market to temporarily overwhelm anyone trading on the basis of physical supply/demand. As I noted last month, futures trading in just the WTI contract has averaged around 10x physical volume. So prices can take wild swings, without anything happening in the ‘real world’ – especially when the automated high frequency traders get involved with their media-led algorithms.

20Nov 2016

Gates Foundation Grant Boosts Blockchain-Based Medical Record Development

Factom, an Austin-based blockchain technology company offering data management and record keeping support for business, announced it is the recipient of a Bill and Melinda Gates Foundation grant. The intent of this funding is to address one of the world’s most urgent problems — the maintenance of medical records that are secure, readily accessible and reliable.

Prevailing medical record systems are typically paper-based and stored in hard copy files. This system becomes a problem, particularly in the developing world, when people relocate or if a region becomes politically or economically unstable. Creating an infrastructure for medical records  that is individual-based and secured via the Factom blockchain addresses both of these issues in a cost effective and pragmatic way, offering real benefits to poorer countries.

20Nov 2016

Exciting Times for Blockchain Innovation in India

Unocoin recently launched its first ever Application Programming Interface (API) to drive global commerce while boosting digital currency markets in India.  After raising $1.5 million, a record in India, this advancement represents another milestone in Unocoin’s continued efforts to fuel the world’s largest potential market for Bitcoin.

Through Unocoin’s API, individuals and companies in India can generate bitcoin wallets; buy, sell, send and receive bitcoin; securely store bitcoin; access real-time or historical price information; receive notifications for payments; facilitate merchant bitcoin payments; fulfil KYC requirements; as well as serve as a conduit for global companies seeking to remit bitcoin to India.

19Nov 2016

Are The Saudis About To Reveal The Best Kept Secret In Oil?

Sheikh and oil industry

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret that has been kept quiet for decades.

The decision to bring such important data to light comes as Saudi Aramco is preparing to partially privatize its assets, an IPO that could bring in some $100 billion. The IPO will be a monumental event, one that the Wall Street Journal says could offer Wall Street some of the largest fees in history.

Saudi Arabia often trades off with Russia – and more recently, with the U.S. – as the world’s largest oil producer. But while it produces at similar levels as Russia and the U.S., it is long been a vastly more influential player in the oil world. That is because of two reasons – the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices.

But while everyone believes Saudi Arabia has some of the largest oil reserves in the world, perhaps rivaled only by Venezuela, there has been a lot of uncertainty and skepticism over exactly how much sits beneath the Saudi desert.

19Nov 2016

The Neutrality of Mining Pools

Bitcoin’s oldest mining pool, Slush Pool, will let its miners vote on the Segregated Witness soft fork proposed by Bitcoin Core. By passing this choice down to individual miners that connect to the pool (sometimes also referred to as “hashers”) Slush Pool hopes to remove itself as a decision maker from the equation.

Speaking to Bitcoin Magazine, Slush Pool operator Marek “Slush” Palatinus stated: “Satoshi’s idea was not to have a few entities control the network. As a mining pool we shouldn’t rule.”

18Nov 2016

Steve Shares 18th November 2016

 

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Share Talk – Steve Shares

Welcome to Share Talk and Steve Shares. This publication is an interactive update on what’s happening over social media and the trending stocks that have made the news this week.

We highlight the coming news and events in connection to your investments and holdings. So if you think that a stock or share or a piece of news will be in the spotlight soon, let Steve Shares know by contacting me via direct message @slarratt1 or by Tweeting the hashtag below and tagging me in. It is easy, use the hashtag of #ST (Share Talk) and add your company’s ticker i.e. #ST88E and tag me @slarratt1 so I can see what you are wanting Steve Shares to feature and I can share for all to see.

18Nov 2016

First Hole at São Martinho Intersects Gold on 6 Levels

w-resources-logo

First Hole at São Martinho Intersects Gold on 6 Levels

 W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, production, exploration and development company with assets in Spain and Portugal, is pleased to announce initial results of the first hole from the 1,500 metre diamond core drilling campaign that commenced in mid-September at the São Martinho Gold Deposit in Portugal.

A total of nine of holes have been drilled so far and the first assay results concluded, from the first hole SMD-04, that this intersected significant gold mineralisation in 6 levels including 2m at 4.2g/t and 2m at 7.6g/t.  

Highlights from Hole SMD-04 include:

·       2.40m grading 4.2 g/t Au from 32.90m

·       2.00m grading 1.1 g/t Au from 90.00m

·       7.00m grading 1.7 g/t Au from 95.70m

·       8.00m grading 1.8 g/t Au from 157.00m* (including 1.00m grading 9.6 g/t Au from 157.00m);

·       3.00m grading 3.0 g/t Au from 177.00m (including 1.00m grading 8.0 g/t Au from 177.00m);

·       2.00m grading 7.6 g/t Au from 187.60m (including 1.00m grading 14.2 g/t Au from 187.6m).

* This zone extends over 12m at least, probably down to 169.00m, however the additional infill sampling results are not yet available.

Further information on Hole SMD-04 is included below.

18Nov 2016

What are you doing on Saturday, 26th November 2016

Well… the answer should be that you’re coming to Share Talk’s
Investor’s Evening 

beaufort-securities

Sponsor  Beaufort Securities

          capture

Share Talk will have Kolar Gold (KGLD), Metal Tiger (MTR), Regency Mines (RGM), and Mkango Resources (MKA) presenting on the night.

99579470-8196-11e6-bad2-8d4712fb8b1c_img_headshot Event Compere/MC  Zak Mir 

Before we you listen to the podcast, here is a little look behind the curtain and how is all started back in the day!

Share Talk went live on the eve of the Golden Bears Investor Show on the 25th November 2015. We never gave it any thought, how to collect content or how we would pay to host the site, hotel or even travelling costs. To be honest it was going to be a hobby website to share content with people to read and do research.

 

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