i3 Energy – farm-out delivery, but what’s the near-term outlook?

i3 Energy (I3E) has announced delivery on a farm-in by Europa Oil & Gas (EOG) to the New Serenity Block and it to “now commence the detailed planning and permitting process for the Serenity appraisal well, which we now expect to spud in late Q3”.

  • By HotStockRockets
  • 2022-04-24 16:30:22

Iofina – Q1 and progress update, Buy

Iofina (IOF) has announced first quarter production of 103.8 metric tonnes of crystalline iodine from its five operating IOsorb plants in Oklahoma, USA, in line with its budgeted projections and that “iodine spot prices have reached $60/kg and above, up 20% since the beginning of the year”. This sounds encouraging.

  • By HotStockRockets
  • 2022-04-22 09:08:45

Kefi Gold & Copper – another placing, the shares are still cheap but Harry Adams is a jerk

Kefi Gold & Copper (KEFI) states that it “is pleased to announce an oversubscribed fundraising to raise gross cash proceeds of £8.0 million… at a price of 0.8 pence per ordinary share”, with also a warrant per two placing shares at an exercise price of 1.6p exercisable for two years. But then it admits “the placing price represents a discount of 25% against the ten-day VWAP to 19 April”. So the stock was handed out cheaply so making the placing oversubscribed. Well done 'arry bloody Adams and team aren't you clever boys?

  • By HotStockRockets
  • 2022-04-21 16:00:00

Buy Jubilee Metals

The other day, Jubilee Metals (JLP) announced results for its half-year ended 31st December 2021 (the shares are currently 17p to buy); they were a 16.2p offer when this tip was first posted.  But that compares to above 17.5p as recently as February, and above 20p last summer… and there is good reason why, in very short order, they can easily exceed the latter again.

  • By Hotstockrockets
  • 2022-04-16 16:42:17

Fox Marble – heads of terms for a reverse takeover, so shares suspended but very exciting...

Fox Marble (FOX) has announced it has raised approximately £400,000 by way of a convertible at 6p per share, 5 year, loan note at a 2% per year interest rate deferred for 2 years… though not for its current marble quarrying and processing business in Kosovo and the Balkans. Instead it is to provide a 2% per annum interest loan facility to a recently incorporated English private company focused on buildings made from glass fibre reinforced gypsum modular sections. However, there is far more to this move.

  • By HotStockRockets
  • 2022-04-13 16:49:58
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