Share Talk Weekly Stock Market News Review, Sunday 13th August 2023

There was not much good news on either the political or economic front this week, with perhaps the saving grace being that many stock market participants have decided that hiding

U.S. energy companies reduced the active oil and natural gas rigs for the fifth consecutive week, as reported by Baker Hughes in their recent report on Friday. For the week

Oil prices climbed on Friday, driven by the International Energy Agency’s predictions of unparalleled global demand and shrinking supplies. This surge marked the seventh consecutive week of price gains, the

The blue-chip results season is winding down, but notable companies are still presenting their results from both the US and UK, such as Aviva and L&G in London, and Walmart

The founder of the now-defunct cryptocurrency exchange, FTX, Sam Bankman-Fried, was incarcerated after his $250m (£197m) bail was rescinded due to accusations of witness tampering. On Friday, a US judge

WTI (Sep) $82.82 -$1.58, Brent (Oct) $86.40 -$1.15, Diff -$3.58 +43c. Author @mgrahamwood USNG (Sep) $2.76 -19c, UKNG (Sep) 93.25p -10.2p, TTF (Sep) €36.67 -€1.15. Oil price After yesterday’s fall,

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin,  Asiamet, eEnergy, GCM,

Amid strong consumption in China and other regions, global oil demand has reached an unprecedented level, potentially driving up prices, as per the International Energy Agency (IEA). In June, the

Gold prices hold lower as US Treasuries weaken despite softer inflation MiFID II exempt information – see disclaimer below Celsius Resources* (CLA LN) – Silvercorp sells Celsius shares as management

Mosman Oil and Gas Limited (AIM: MSMN) the oil and gas exploration, development, and production company, announces its production for the year ended 30 June 2023 (“FY23”), and an update

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce that the Board has approved an approx. ZAR 26 million (approx. US$1.35M) resource drilling exploration and mine planning

Introduction: First Class Metals (FCM) was the first spin off from Power Metals (POW), and like the second one, Golden Metal Resources (GMET), it has got off to a firm

The UK’s economic growth showed a slight uptick in the year’s second quarter, as reported by official data, fueling optimism that the country might evade a downturn amid increasing interest

New Havieron 3D model published Havieron MRE update scheduled for the December 2023 quarter Greatland Gold plc (AIM:GGP) (Greatland or the Company), a leading precious and base metals focused mining

WTI (Sep) $84.40 +$1.48, Brent (Oct) $87.55 +$1.38, Diff -$3.15 -10c. Author @mgrahamwood USNG (Sep) $2.95 +18c, UKNG (Sep) 103.45 +25.27p, TTF (Sep) €37.825 +€4.17. Oil price Watch out for

The UK’s leading oil and gas company has struck a deal worth $84m (£65.8m) to divest its operations in Vietnam. Harbour Energy is set to transfer its 53% ownership in

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin, Bradda, Destiny, De La

Copper climbs as US dollar weakens on soft inflation expectations MiFID II exempt information – see disclaimer below Atalaya Mining (ATYM LN) – Production guidance remains intact following solid H1

Wilko, a prominent discount retailer on the high street, has entered administration, endangering 12,000 jobs due to the absence of a successful rescue deal. The privately-owned merchant, boasting approximately 400

Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSX-V: EOG) has entered an agreement to secure a larger stake in the Orinduik Block, offshore Guyana, by purchasing the stake held

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to report that assay results on the samples taken from the Bagamoyo Graphite Project in Tanzania (“Bagamoyo

Tirupati Graphite (TGR), the specialist graphite producer, announced it has received c.$ 1 million net of prepayments from existing clients, to support the ramp-up of operations. Author @ZaksTradersCafe The company

Joe Biden has declared a prohibition on US investments into critical high-tech sectors in China, a decision Beijing has labelled as “anti-globalization.” On Wednesday, the President enacted an executive order

Galileo Makes New Lithium Discovery in Initial Drilling on its Kamativi Project Galileo Resources plc (“Galileo “or the “Company”) is pleased to inform shareholders that initial lithium analyses by an

Tirupati Receives Prepayments to Support Production Ramp-up Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite producer and a supplier of critical minerals for the green transition economy, is pleased to

E.On, the energy behemoth, has announced a £6.9bn surge in its UK sales over the past six months, largely attributed to the recent hikes in Ofgem’s price cap. This Germany-based

Amid concerns about oil supplies navigating the Black Sea, oil prices soared to their peak in almost nine months. Brent crude, the global standard, rose 0.8% today, nearing $87 per

Gfinity PLC (AIM: GFIN) is set to receive £450,000 conditionally and has designated David Halley as the new chief executive, aiming to shift its focus towards advertising on gamer websites.

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin,  Bradda, Cizzle, Cornish,

Rare Earth prices rise on expectations of waning Chinese supply MiFID II exempt information – see disclaimer below Atlantic Lithium* (ALL LN) –  BUY – Directors buy shares in Atlantic

The job market in Scotland is facing challenges, with wage growth lagging behind the rest of the UK, primarily due to the downturn in the oil sector, as reported by

Six major UK water providers are under legal scrutiny due to allegations of not fully disclosing sewage releases into natural water bodies, which might result in substantial compensation demands. This

KEFI Gold and Copper PLC (AIM: KEFI, OTC: KFFLF) has confirmed its plans to initiate operations at Tulu Kapi in Ethiopia in the upcoming months. This move is in tandem

China has entered a phase of deflation as the world’s second-largest economy grapples with reigniting demand following prolonged zero-Covid strategies. The National Bureau of Statistics (NBS) reported a 0.3% decline

Second water company to introduce LeakBot – Southern Water agreement announced Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, is pleased to announce an

Wells Fargo and BNP Paribas are set to pay multi-million-dollar fines due to their staff’s use of unofficial platforms like WhatsApp for business purposes. Wells Fargo has consented to a

Ondo announced a new deal with PURE Insurance, its 16th partner globally and 2nd major deal in America, a key focus market for the company going forward in our view.

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin, Asiamet, Contango, Destiny,

China Rare Earth exports rise as demand steadies following downturn MiFID II exempt information – see disclaimer below Asiamet Resources (ARS LN) 1.25p, mkt cap £26m – BKM project financing

European natural gas prices are seeing a reduction due to the continually growing fuel reserves. Benchmark futures saw a drop of up to 3.2%, after an increase in the prior

Tirupati Graphite (TGR), the specialist graphite producer, updated on operations and business development for its flake graphite projects in Madagascar since the start of this financial year on 1 April

Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce that additional new mobile mining equipment has arrived at the Blesberg Lithium and Tantalum Mine

Ondo InsurTech Announces New Partnership with PURE Insurance Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, is pleased to announce a new partnership with PURE

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the first batch of results for follow-up pan concentrate stream sampling

Long Stop Date Extension – Sale of UK Central North Sea Licence United Oil & Gas PLC (AIM: “UOG”), the full cycle oil and gas company with a portfolio of

WTI (Sep) $82.82 +$1.27, Brent (Oct) $86.24 +$1.10, Diff -$3.42 -17c.  Author @mgrahamwood USNG (Sep) $2.57 +1c, UKNG (Sep) 74.0p -2.0p, TTF (Sep) €29.715 -€0.08. Oil price Oil rose for

Atlantic Lithium remains confident of the grant of the Mining Lease to advance the Ewoyaa Lithium Project Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF), the African-focused lithium exploration

Marula Mining (AQSE: MARU) an African-focused mining investment company, is pleased to announce that it is eligible for its ordinary shares to commence trading on the Apex segment of AQSE.

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin, Artemis, Blencowe, Beacon, Essensys,

Gold and uranium rise as Niger rejects French and ECOWAS intervention MiFID II exempt information – see disclaimer below Celsius Resources* (CLA LN) – Exploration permit awarded for the Botilao

Introduction: Author @ZaksTradersCafe Since listing on the London stock market in May we have seen Golden Metal Resources fulfil its promise of delivering significant and regular newsflow. This is something

Oil prices have hit a four-month apex after a Ukrainian assault on a Russian naval vessel in the Black Sea, escalating tensions and further destabilising the crucial trade route. Brent

Shares of Trinity Exploration & Production PLC (AIM: TRIN) soared 22% in early trading following the verification of the onshore Trinidad-based Jacobin-1 oil discovery. CEO Jeremy Bridglalsingh praised this development

Reabold Resources (RBD), the oil & gas investing company, provided an update on developments in the approvals process for the onshore Colle Santo gas field in Abruzzo, Italy. Author @ZaksTradersCafe

Vast Resources plc, the AIM-listed mining company, is pleased to announce an update in relation to the Asset Backed Debt facility from A&T Investments SARL (“Alpha”) as announced on 16

Italy: Selva Field Development Successful ramp-up and commissioning of the Podere Maiar-1 gas facility in Po Valley 1,800,000 scm gas produced during ramp-up and sold to BP Gas Marketing Prospex

Greatland presents at Diggers & Dealers Mining Forum Greatland Gold plc (AIM: GGP) (Greatland or the Company) is pleased to announce the release of an updated Corporate Presentation which is

Zak Mir takes a charting look at some of the most followed small caps on the London stock market. Today’s charts are FTSE 100, Dax, Dow, Bitcoin, Artemis, Avacta, Canadian

Shares of Kodal Minerals PLC (AIM: KOD) experienced a 20% surge as a payment of US$3.5 million from China was received. This forms part of the funding for the Bougouni

The AIM All-Share Index could have taken a more significant hit this week, considering the Bank of England’s decision to raise interest rates and Fitch’s unexpected downgrade of the US

This week witnessed another interest rate rise to 5.25%. The Bank of England who delivered this has been widely criticised, and it is interesting how few people now wish to

Baker Hughes, an energy services firm, reported this week that US energy companies continued their trend of decreasing the number of operational oil rigs for the eighth week straight, according

The AIM All-Share Index could have taken a more significant hit this week, considering the Bank of England’s decision to raise interest rates and Fitch’s unexpected downgrade of the US

Alexander Novak, the Russian Deputy Prime Minister, stated that global oil demand is projected to increase by 2.4 million barrels daily this year, which in his view, will keep the