The first day of Autumn has arrived and, as days grow shorter and colder, you can see Londoners scurrying around when they spot a glisten of rays to catch those last moments of summer. Although the leaves have started to fall, summer is still clinging on to give its last hurrah giving us a week of sunshine and blue sky, whilst everyone is either daydreaming of last-minute holidays or thinking about their Christmas lists…
This week, hundreds of heads of state have gathered in New York City at the UN headquarters to attend this year’s 76th United Nations General Assembly, which started earlier this week. Providing world leaders with the opportunity to come together to address humanity’s most pressing issues, it shines the spotlight on issues such as global public health, inequality, climate change, peace and security. World leaders come together both in person and virtually to seek common solutions to shared challenges as the world continues to grapple with recovering from the Covid-19 pandemic and the ever-increasing risk from global warming, with these two topics taking centre stage this year.
Our own Prime Minister, Boris Johnson, used his time at the assembly to convey his position on the current climate crisis by citing the well-known poet, Kermit the Frog of Muppets-fame, in his speech: “When Kermit the Frog sang ‘It’s Not Easy Being Green’ I want you to know that he was wrong”. With this in mind, we move forward into the new season with the hope that we all have the power to affect the world’s climate for good by doing our part to preserve and heal our planet.
BlueRock Diamonds PLC (AIM: BRD). Further to shareholder approval at its General Meeting, and in accordance with the Circular released on 2 September 2021, BlueRock will proceed to issue the New Convertible Loan Notes to the Teichmann Concert Party to refinance the Simple Loan Notes issued on 27 August 2021.
SEED Innovations Limited (AIM: SEED). SEED have announced an updated version of their corporate presentation which is available on: www.seedinnovations.com.
SEED, who has a holding in Yooma (representing approximately 4.5% of Yooma’s issued share capital), are pleased to note that Yooma has entered into definitive agreements to complete the acquisition of Big Swig, Inc., a US based seller of sparkling water beverages. This is In line with Yooma’s stated strategic plan and increases Yooma’s presence in retailers located in the United States.
Europa Oil & Gas (Holdings) plc (AIM: EOG). Following the successful completion of the coiled tubing operations on 19 August 2021, the Wressle-1 well has exceeded production expectations. The well has achieved instantaneous flow rates in excess of 884 barrels of oil per day and in addition, 480,000 cubic feet of gas per day from the Ashover Grit on a significantly restricted choke setting (30.5/64ths) and with high wellhead flowing pressure. Even with the excellent flow rates that are being realised, the full flow potential of the well is still yet to be fully tested due to constraints with the gas handling equipment. The forward plan for EOG is to remove these constraints to increase production rates further and complete the testing of the well’s full potential before defining a plateau production rate.
Oracle Power PLC (AIM: ORCP). Oracle Power announced its unaudited interim results for the six months ended 30 June 2021, covering its transition into a multi-project company, operational review, financial results for the period, and changes to board and management.
Additionally, Ms Naheed Memon, CEO of Oracle, acquired the entire share capital of Nazario Consultancy Limited, for a consideration of £55,364, the sole asset of which is 17,859,230 ordinary shares of 0.1p each in capital of the Company on 23 September 2021. As a result of this acquisition, Ms Memon is beneficially interested in 83,194,791 Ordinary Shares, representing 3.63 per cent. of the issued share capital of the Company.
Ferro-Alloy Resources Limited (LSE: FAR). In October 2020, the Company started to recover molybdenum in the form of calcium molybdate as a by-product during the recovery of vanadium from bought-in raw-material concentrates. Calcium molybdate was sold at a discount to the published price for the contained molybdenum. The Company is now converting this calcium molybdate to ferro-molybdenum which will enable the Company to avoid the discount. Ferro-Alloy has also commissioned the equipment to convert ammonium metavanadate into vanadium pentoxide. The material remaining after extraction of the vanadium and molybdenum products from the vanadium-bearing concentrates contains quantities of nickel which the Company has been selling as a low-grade concentrate.
Prospex Energy PLC: (AIM: PXEN). Prospex has announced that its joint venture company Tarba Energía S.L. has fully approved the budget for well intervention work at its gas to power project at El Romeral in Southern Spain, of which it is the operator for. Upon success, the well workover has the potential to increase gas production by up to 15,000 cubic metres per day and allow the subsequent start-up of a second generator to double electrical output.
GreenRoc Mining Plc (GROC:AIM)
In case you missed it…
The latest investor presentation for SEED Innovations Limited is available on: www.seedinnovations.co, and listen to a Q&A with Lance de Jersey and Ed McDermott, that can be found on investor meet company here.
CEO of Prospex Energy, Mark Routh, spoke with VOX markets on the recent approval of El Romeral well workover and Prospex’s future outlook. https://bit.ly/39FUTPD
Listen to George Frangeskides the CEO of our new client, Alba Mineral Resources, talk to Vox Markets about their Greenland spin-out IPO of GreenRoc Mining ahead of its AIM listing on Tuesday as well as future plans with their other UK and Irish precious and base metal assets. https://bit.ly/39wAywg
In the news this week…
The UN General Assembly continues in New York, watch live link here.
Transport Secretary, Grant Shapps, has his say on the gas crisis.Petrol will continue to flow, says transport secretary – BBC News
Somali women raise their voices in the nation of poets, an arts project designed to encourage women storytellers – and unite all Somalis.
Inaya Folarin Iman and Simon Sebag Montefiore appointed as Trustees of the National Portrait gallery.
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