Evil discusses Ithaca Energy, Afren and Quindell… My correspondent in the matter of Ithaca (IAE) opines: ”- Ithaca’s $300m 2019 note was given a Caa1 rating by Moody’s in December (i.e. very high credit risk), and this used a base case of an initial production date for Ithaca’s Greater Stella Area in Q3 2015, which…
What a week for shareholders in Gulf Keystone Petroleum, which has hoisted the “for sale” sign as it wrestles with the challenges of selling oil in Kurdistan with the necessity of meeting its debt obligations. Shareholders have long speculated about the future of the oil group, which soared in value, migrating from AIM to London’s…
Although in theory it makes no difference to a technical analyst whether they call a stock or market long or short – the method is fine for both directions – I have to confess I am usually biased to the upside. This doesn’t necessarily mean that I always look on the bright side of a…
The latest metallurgical results from the Merelani East project, the second graphite project in line for development by Kibaran Resources, certainly give plenty of grounds for optimism. Testing has confirmed high distribution of large flake graphite with very high grade carbon concentrates recovered from simple flotation. That means the quality of the graphite is good…
By Dave Evans of Binary.com This week there have been numerous newspaper headlines riffing on a similar theme – “Stock markets party like its 1999”. If only Prince received royalties for such headlines! FTSE 100 Monthly Chart After the bursting of the tech bubble, the financial crisis and the Euro troubles, the FTSE 100 finally…
By Amy McLellan The patience of investors in Bowleven has been sorely tested many times over the years but, more than ten years since its IPO, it looks like that patience will soon be rewarded.This week the Cameroon-focused E&P announced that a key milestone has been reached, with the Presidential decree for its Etinde transaction…
The Markets At the London close the Dow Jones had slipped by 4.31 points to 18,220.26 and the Nasdaq was up by 16.30 points at 4,456.89. In London the FTSE 100 closed up by 14.35 points at 6,949.73 and he FTSE 250 gained 61.53 to 17,249.80, the FTSE All-Share was up by 8.25 points at…
Economic analysis by Filipe R. Costa I came across a very interesting article on WSJ describing how the franc uptrend upends life at the Swiss borderlands. Besides portraying life near the Swiss border, the dynamics of the exchange rate movement between the franc and the euro described in the article teaches us an important lesson:…
Perhaps just as interesting as the record high for the FTSE 100 is the way that over the past week or so we have seen some remarkable recoveries in stocks which have hitherto been on the back foot. Many of these are also stocks that private investors are up to the eyeballs in from higher…
By Alastair Ford The story of the Madagascan mining opportunity presented by Tantalus Rare Earths has a long history, according to chief executive officer Thomas Hoyer. “It’s in an area that has been explored over many years by many companies”, he tells Minesite on the phone from Germany, where he’s based. “There was Soviet exploration.…
