So that’s the first month of the year done and dusted – who else feels glad to see the back of January? Goodbye dry January! One month into the New Year how are those resolutions going?
Admitted defeat to overly optimistic declarations of good intent or are you still valiantly pursuing them to the bitter end? What a way to welcome in the new month of February with the first global palindrome in 909 years, with Sunday 2nd Feb being 02/02/2020! Of course, it fell on the same day as Groundhog Day when Punxsutawney Phil (the legendary groundhog) stepped out of his burrow in his hometown of Gobbler’s Knob, Pennsylvania to reveal no shadow, which of course means we can expect Spring to come early.
However, before you get too excited, Punxsutawney Phil’s accuracy rate is 39% so it is not quite an exact science, but we remain hopeful. No weather worries for those of our clients and members of the St Brides team who have spent this week in sunny Cape Town during the Mining Indaba Conference. It’s been busy back here in Blighty too and here is a summary of this week’s news from our clients. So, with a nod to this weekend’s Oscars, here are the nominees…
Jangada Mines PLC’s (AIM: JAN) Executive Chairman, Brian McMaster, and Non-Executive Director, Luis Azevedo, each purchased 1.4million shares in the company at a price of 1.8p. Mr McMaster’s ownership now represents 23.3% of the company’s issued share capital, whilst Mr Azevedo’s represents 22.8%.
Bluejay (AIM: JAY) has received confirmation that the Environmental Impact Assessment for the Dundas Ilmenite Project is compliant with guidelines for the purposes of public consultation. With the Social Impact Assessment also expected to be approved shortly, these will allow Bluejay to move toward final ministerial approval for exploitation. Alongside this, earlier in the week the company received results from the first systematic geochemical survey undertaken at the Disko-Nuussuaq Ni-Cu-Co-PGM-Au Project, which identified multiple nickel and copper geochemical anomalies, further supporting the existence of metal bearing mineralising systems as it refines drill targets. Testament to Bluejay’s confidence in the discovery potential of Disko, the company extended the licence area.
Katoro Gold (AIM: KAT) announced that its JV with Blyvoor Gold is now underway, having transferred the Initial Tranche of ZAR5.0million and completed a corporate, legal and technical due diligence investigation in respects of the Tailings and Rights of the six gold tailings dams owned by Blyvoor in South Africa. The JV partners will now continue and accelerate work on the confirmatory test work for the processing plant. This marks the beginning of Katoro’s journey into near term gold production.
Europa Oil and Gas (AIM: EOG), along with its partner Carin Energy, elected to relinquish its interest in Licensing Option 16/19 in the South Porcupine Basin offshore Ireland. Europa still holds five further licences in Ireland which the Company estimates could hold up to 5.7 billion barrels oil equivalent. That’s in addition to the 1.5 tcf gas assigned to Europa’s flagship Inishkea prospect in the Slyne Basin which lies close to the 1tcf producing Corrib gas field and associated infrastructure.
You may have missed…
Kibo Energy (AIM: KIBO) continues to progress with projects in Africa and the UK and is looking to start developing more sustainable power projects in the future by integrating renewable technology with traditional base load generation solutions.
Katoro Gold (AIM:KAT) confirmed the presence of gold at the Alamo project in Arizona.
Kodal Minerals (AIM: KOD) provides an update from the 121 Mining Event in Cape Town as the CEO meets with the Mali Minister of Mines and her advisors.
In the news this week …
Tesla is the best performing auto stock of the year, up around 76% despite Tesla shares falling 17% on Wednesday.
Disney’s streaming service has 29 million paid subscribers since its launch three months ago, but has seen a fall in profits.
The UK government has proposed a ban on all internal combustion-engine vehicles by 2035, moving it up from the originally planned 2040.
YouTube announced its revenues for the first time, after Alphabet’s chief executive Sundar Pichai promised more transparency at the company.
Pantone’s Colour of the Year – 19-4052 Classic Blue
‘Instilling calm, confidence, and connection, this enduring blue hue highlights our desire for a dependable and stable foundation on which to build as we cross the threshold into a new era.’
And who can’t agree with that! The colour blue is a peaceful colour, it promotes concentration and clarity of mind, and brings a sense of reflection through its non-aggressive hue.
Being the colour of the sea and sky, blue surrounds us with its calming presence. Commonly associated with harmony and trust, it is chosen for police and medical uniforms, and as the colour of the flags of the United Nations and the European Union (oops!).
You may notice it is also the chosen colour of most major social network logos, such as Twitter, Facebook, and Tumblr, inspiring imagination and relaxation; as well as major bank logos, such as American Express, Visa, and PayPal, instilling confidence and credibility.
Opinion polls in the US and Europe show that it is the most popular favourite colour, and it has been found that blue coloured light lowers heart rate and blood pressure – Tokyo even went as far as installing blue lights at the end of a railway platform to reduce suicides, which fell by 74%.
Pantone’s Colour of the Year influences development across industries, from fashion and interior décor to graphic and industrial design. The colour is selected through thoughtful consideration and trend analysis by colour experts and is influenced by the world around us.
Blue is also associated with sadness, so if you are feeling a bit blue read about the ‘happiness economist’, who co-founded the Action for Happiness and wrote ‘Can We Be Happier?’. Layard believes being happy should be the nation’s priority and outlines the 10 keys to happier living – many of which are associated with the colour blue.
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