Economic analysis by Filipe R. Costa Much has been said and written about Greece for the last few years, as the country faces one of the most severe crises ever seen and has been a thorn in European politicians’ sides. While the “other students” have done it right, Greece continues to misbehave, eager to put…
By Amy McLellan Frontier wildcatting is always high risk – and it doesn’t come much more frontier than the Badada-1 well in the little-known Anza Basin of Kenya. Unfortunately for backers of TSX-Venture-listed Taipan Resources, the risk didn’t pay off this time, with the wildcat in Block 2B hitting dust, sending shares in the company…
By Amy McLellan It’s a real vote of confidence to raise money in current market conditions so the team at Oslo-listed African Petroleum are rightly feeling rather pleased with the company’s recent fundraise. The Australia-based explorer, which was started five years ago to target the emerging West Africa Transform Margin made famous by Tullow Oil…
By Our Man in Oz Some people might think it insulting to describe the Kambalda nickel assets of Mincor Resources as “The Magic Pudding” of mining, but that’s because they don’t know the Australian children’s story about a magic pudding which always re-forms after every spoonful and can be eaten again and again. Kambalda orebodies…
The Markets As the banks gear up to announce annual results it was revealed that the UK government has sold more shares in Lloyds Banking Group. The latest sale saw Treasury owned subsidiary UK Financial Investments, which manages the government’s bank investments, sell around 678 million shares, raising over 500 million pounds. This takes the…
I have to admit that despite the rather rocky ride for this part of the stock market – Quindell (QPP) and Gulf Keystone (GKP) are infamous examples – AIM remains as stimulating as it is challenging. Indeed, it is challenging from both a technical and a fundamental perspective. The selection of stocks covered below will…
A competent adviser remarks to me: “As at September 30th 2014, SBAC (SBAC on Nasdaq) had long-term debt of $6.8 billion and net current liabilities of $0.7 billion. Net PPE was $2.7 billion and so they were balance-sheet insolvent. You can add their intangibles and they still have a balance sheet deficit. This is a…
Evil discusses Quindell, Afren, Kenneth Grundlach and Birdman… I really do not know what to make of Quindell (QPP). Today’s RNS is a little coy remarking that a material premium is to be expected above Friday’s closing price. Certainly, the price had been suspiciously buoyant in recent days. Where does this go now? I do…
Looking for the Earth’s palm in Namibia By Anthony Robinson If Stephen Larkin, CEO of a small but highly innovative oil and gas exploration company called African New Energies (ANE), is correct, Southern Africa could well have world scale oil and gas deposits in South Eastern Namibia, bordering Botswana and the Kalahari Desert. A study…
By Our Man in Oz Minews. Good morning Australia, last week’s fall in most metal prices would not have been good news for your market. Oz. The lower prices did put a bit of a dampener on things, as did a surprise rise in the value of the Australian dollar. However, even with both of…
