Home » Posts tagged 'gym'
Tag Archives: gym
Brand CEO Alan Green talks Tertiary Minerals (TYM), Andalas Energy (ADL) and the BlackCabbieTrader site launch on VOX Markets podcast.
Brand CEO Alan Green discusses Tertiary Minerals (TYM), Andalas Energy (ADL) and the BlackCabbieTrader site launch with Justin Waite on the VOX Markets podcast.
Link here to listen to the podcast.
Beaufort Securities – Re-assessing the Tertiary Minerals (TYM) opportunity – Speculative Buy
Tertiary is a fluorspar mine development company with large scale projects in Europe and the U.S. Its two main assets, the MB Project in Nevada and Storuman in Sweden, both have potential to be average to low cost operations with targeted production costs of between $150 and $200/t of acid grade fluorspar. Tertiary’s strategy is to advance both projects during this current down-cycle,so they are construction ready when mine finance conditions improve. Management expects this to also coincide with a shortage of new fluorspar mines and potentially higher fluorspar prices. We have updated our valuation to reflect the current depressed fluorspar price, offset by progress made at MB and Storuman. We calculate a 9.0p target price, 4.5x the current share price.
Critical mineral in Europe, Strategic in the U.S.
Fluorspar is probably the most essential raw material that no one’s heard of. It’s one of 20 raw materials on the European Commission’s critical list, while in the U.S. fluorspar is classified as a Strategic Material. Both regions are in need of a long term, local and reliable source of supply and Tertiary’s two main projects suit this requirement.
MB Project – Nevada
Despite lagging Tertiary’s Storuman project in the mine development process, in our opinion MB is of similar importance and potentially higher value. It is very large scale and located in a stable and mining friendly jurisdiction. Also very important is the U.S’s reliance on imported fluorspar, mainly from Mexico, which makes MB a strategic asset.
Storuman – Exploitation Concession granted
On February 18 2016 Tertiary Minerals was granted a 25 year Mining Concession for Storuman. Although the permitting process is not finished (the next stage is the Environmental Permit) this is a major step forward which adds value to the project and reflects strong support from the Swedish Mining Inspectorate.
Fluorspar prices – positive outlook
Both acid and metallurgical fluorspar prices are at 5 year lows. Although downside risks remain (perhaps from weaker China macro), over the medium to long term the outlook is positive, driven by global demand growth of fluorine containing products. Valuation and recommendation Our Tertiary valuation is based on a sum-of-the-parts approach with values for MB and Storuman, based on conceptual mine models and discounted to reflect funding dilution and other execution risks. We calculate a $26.5m valuation which equates to £19.6m or 9.0p per share, and a BUY recommendation.
Target price – 9p
Full Beaufort Securities research note here Tertiary-Minerals–9-_S
Tertiary Minerals (TYM) – Total Voting Rights
Tertiary Minerals plc (TYM), the AIM traded company building a strategic position in the fluorspar sector announces that in accordance with Financial Conduct Authority’s Disclosure and Transparency Rules, the total issued share capital of the Company with voting rights is 216,845,276 ordinary shares.
The above figure of 216,845,276 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.
Enquiries
Tertiary Minerals plc Patrick Cheetham, Executive Chairman Richard Clemmey, Managing Director
|
+44 (0)1625 838 679 |
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat / Tercel Moore
|
+44 (0) 20 3470 0470 |
Beaufort Securities Ltd Joint Broker Elliot Hance
Brand Communications Alan Green |
Tertiary Minerals (TYM) – Storuman Mine Permit Appeals
Tertiary Minerals plc (TYM) has been informed by the Swedish Mining Inspectorate that two appeals have been lodged against the Exploitation (Mine) Permit for the Storuman fluorspar project in Sweden (granted on the 18 February 2016). The appeals have been submitted by the Sami Reindeer Husbandry Community and Urbergsgruppen, a Swedish environmental action group who oppose all mining activities throughout Sweden.
The appeals will be decided by the Swedish Government following their review of information from the original Exploitation (Mine) Permit application made by the Company, the Mine Permit approval, the appeal documents and all key stakeholder groups, including:
- Landowners
- Storumans Kommun (local municipality/council)
- County Administrative Board of Västerbotten (regional council)
- Trafikverket (Swedish transport administration)
- Vattenfall (Swedish electricity producer)
- Skanova (Swedish telecommunications provider)
- Sami Reindeer Husbandry Community
The Company is expecting the appeals to be rejected for the following reasons:
- 6 of the 7 key stakeholder groups have given their support for the Storuman fluorspar project
- The project will provide critical regional economic growth and employment opportunities – supporting regional development plans
- Fluorspar is classified as a critical raw material by the European Commission – a key factor taken into consideration by the Swedish Mining Inspectorate when awarding the Exploitation (Mine) Permit
The time frame in which the Swedish government will deal with the appeals is unknown at this stage and the Company will provide updates on the progress as and when information becomes available.
Enquiries
Tertiary Minerals plc Richard Clemmey, Managing Director Patrick Cheetham, Executive Chairman
|
+44 (0) 1625 838 679 |
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat/Tercel Moore |
+44 (0) 20 3470 0470 |
Beaufort Securities Ltd Joint Broker Elliot Hance
|
+44 (0)20 7382 8300 |
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada, USA (MB Project).
CAUTIONARY NOTICE
The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.
Daily Actions – UK Main & AIM markets 22032016
Daily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London
AIM Market
ST Rec. changed | ||
From | To | |
Basic Resources | ||
Arian Silver | Buy | Neutral |
Solgold | Buy | Neutral |
Sunrise Resources | Neutral | Buy |
Tertiary Minerals | Neutral | Buy |
Construction | ||
Michelmersh Brick Holdings | Neutral | Buy |
Health Care | ||
Alliance Pharma | Sell | Neutral |
ReNeuron Group | Buy | Neutral |
Sareum Holdings | Buy | Neutral |
Industrial Good & Services | ||
Croma Security Solution Group | Buy | Neutral |
HML Holdings | Neutral | Buy |
Ironveld | Buy | Neutral |
Univision Engineering | Sell | Neutral |
Media | ||
Cello Group | Sell | Neutral |
Oil & Gas – Explorers | ||
Chariot Oil & Gas | Neutral | Buy |
Personal & Household Goods | ||
Tavistock Investments | Buy | Neutral |
Technology | ||
cloudBuy | Neutral | Buy |
Brady | Neutral | Sell |
Main Market
ST Rec. changed | ||
From | To | |
Banks | ||
HSBC | Buy | Neutral |
Heavy Construction | ||
Carillion | Sell | Neutral |
Engineering & Machinery | ||
Spirax-Sarco | Sell | Neutral |
Information Technology & Hardware | ||
Filtronic | Neutral | Sell |
Insurance | ||
Novae Group | Sell | Neutral |
Media & Entertainment | ||
Trinity Mirror | Neutral | Buy |
Real Estate – REIT | ||
Intu Properties | Neutral | Sell |
Shaftesbury | Neutral | Sell |
Real Estate – REIS | ||
Capital & Regional | Neutral | Sell |
Speciality & Other Finance | ||
London Stock Exchange Group | Sell | Neutral |
Support Services | ||
Berendsen | Sell | Neutral |
Transport | ||
Clarkson | Sell | Neutral |
Stagecoach Group | Neutral | Buy |
RISK WARNING
Intellisys Intelligent Analysis Limited (‘Intellisys’) does not make personal recommendations. The information in this publication is provided solely to enable you to make your own investment decisions. If you are unsure about dealing in shares and other equity investments, you must contact your financial adviser as these types of investments may not be suitable for everyone. The value of stocks and shares, and the income from them, can fall as well as rise and you may not get back the full amount you originally invested. If denominated in a foreign currency, fluctuations in the exchange rate will also affect the value of stocks and shares and the income from them. Past performance is not necessarily a guide to future performance. You agree to abide fully with Intellisys’ Term & Conditions, which are available to www.intellisys.uk.com
The full reports are available from Intellisys Intelligent Analysis website (www.intellisys.uk.com) by clicking on the ‘Research’ tab.
DISCLAIMER: Intellisys Intelligent Analysis Limited has prepared this report. Intellisys (“Intellisys”) is the trading name of Intellisys Intelligent Analysis Limited. Intellisys Intelligent Analysis Limited is a provider of financial research reports that indicate the possible value of quoted company shares. The information contained within any and all of Intellisys’ reports are designed to present an objective assessment of the possible value or relative value of a company and/or an actuarial sector or stock market index. Intellisys utilises as extensive as possible range of valuation tools and proprietary systems to derive its outputs. The base data for the models are derived from sources believed to be accurate but Intellisys Intelligent Analysis Limited does not warrant or guarantee the accuracy or reliability of the source data or its models and proprietary systems. Subscribers, and casual readers, should not rely upon the Intellisys’ research outputs when forming specific investment decisions but should seek advice specific to their situation and investment requirements from a person authorised under the Financial Services and Markets Act 2000, before entering into any investment agreement.
Intellisys Intelligent Analysis Limited has used reasonable care and skill in compiling the content of this report. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness or accuracy of the information and no responsibility or liability is accepted to the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. In no event will Intellisys Intelligent Analysis Limited, Intellisys or any of its officers, employees or agents be liable to any other party for any direct, indirect, special or other consequential damages arising from the use of this report. The Intellisys Intelligent Analysis Limited and/or Intellisys reports are not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Intellisys Intelligent Analysis Limited and/or Intellisys information may be prohibited. Persons in respect of whom such prohibitions apply must not access the Intellisys Intelligent Analysis Limited and/or Intellisys reports. Neither this document, nor any copy in whatever form of media, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. Recipients of Intellisys Intelligent Analysis Limited and/or Intellisys reports outside the UK are not covered by the rules and regulations made for the protection of investors in the UK. Any user distributing information taken from any Intellisys Intelligent Analysis Limited or Intellisys report and/or the Intellisys website, in whatever form, to any other person, agrees to attach a copy of this Disclaimer and the Terms and Conditions of Use pages and obtain the agreement of such other person to comply with the terms set forth. Intellisys’ published reports are published for information purposes and only available to market counterparties, high net-worth and sophisticated individual investors. No Intellisys report constitutes an offer or invitation to trade, sell, purchase or acquire any shares or other financial instruments in any company or any interest therein, nor shall it form the basis of any contract entered into for the sale of shares or any other financial instrument in any company. Intellisys Intelligent Analysis Limited believes that the information within each and any of its reports to be correct, but its accuracy or completeness cannot be guaranteed. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or mis-statements, negligent or otherwise. Intellisys Intelligent Analysis Limited (including its Directors, employees and representatives) or a connected person may have positions in or options or other financial instruments on any of the securities mentioned within a report, and may buy, sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal rules. Subscribers, and casual reader, are reminded that the value of any financial instrument may go up or down and that past performance is not necessarily a guide to future performance. Intellisys Intelligent Analysis Limited is not registered with or regulated by any financial regulatory authority and does not offer, provide or purport to provide or offer investment advice. Intellisys Intelligent Analysis Limited can be contacted at Woodfield Cottage, The Street, Mortimer, Berkshire, United Kingdom RG7 3DW. |