Apollo Minerals $AON – Plans to list Fraser Range Nickel-Copper-Gold Assets

ASX RELEASE | 23 APRIL 2018 | ASX:AON 

Plans to List Fraser Range Nickel-Copper-Gold Assets 

Following the recent successful capital raising by Apollo Minerals Limited and its increased focus on its European tungsten and gold projects, the Company advises that it will seek to list its wholly owned subsidiary Constellation Resources Limited, which holds the Fraser Range nickel-copper and gold assets, via an initial public offering (“IPO”) on the Australian Securities Exchange (“ASX”). 

Shareholders of Apollo Minerals with a registered address in Australia and holding at least 12,500 shares as at 10 May 2018 (“Record Date”) will receive a priority entitlement to subscribe for Constellation shares on a 1 for 5 basis. This date is indicative only and Constellation reserves its right to vary this date. 

It is expected that Constellation will offer 35 million new shares at an issue price of A$0.20 each to raise A$7.0 million (before costs). Subscribers will also receive one free attaching listed option with an exercise price of A$0.20 expiring on 31 July 2021 (“Constellation Option“) for every three shares subscribed under the IPO. 

As Apollo Minerals is now principally focussed on developing the Couflens Project in France and the adjacent Aurenere Project in Spain, it is taking steps to maximise the potential for its portfolio of projects outside of Europe. 

The separate listing of Constellation will allow Apollo Minerals’ management to focus on its Couflens and Aurenere Projects. The listing will also ensure that Constellation will have a dedicated management team and funding for exploration activities on the Fraser Range nickel-copper and gold assets (which are also referred to as the Orpheus Project). 

Detailed information on Constellation, the offer of securities under the IPO, the capital structure and an indicative timetable will be included in a prospectus that will be made available after lodgement with the Australian Securities and Investments Commission (“ASIC”). Investors should consider the prospectus (when available) in deciding whether to acquire Constellation securities. Applications for Constellation securities can only be made by completing the application form which will accompany the prospectus. Constellation expects to lodge a prospectus in the coming weeks. 

For further information contact: 

Hugo Schumann Robert Behets 

Tel: +44 207 478 3900 Tel: +61 8 9322 6322 

Email: info@apollominerals.com.au 

About Apollo Minerals 

Apollo Minerals Limited is developing the Couflens Project and the Aurenere Project which, when combined, cover a 97km2 area in a highly prospective region of the Pyrenees. 

The Couflens Project in located in the Pyrenees region of southern France and comprises a 42km2 license area, within which lies the high grade historical Salau tungsten mine. 

The mine was one of the world’s highest grade tungsten mines, producing approximately 930,000 tonnes at 1.5% WO3 for around 11,500 tonnes of WO3 in concentrate, prior to its closure in 1986 following the rapid fall in the tungsten price caused by Chinese dumping of tungsten into global markets. 

Apollo Minerals is focussed on two parallel work programs at the Couflens Project: 

(1) Brownfields activities within, and immediately adjacent to, the historical Salau tungsten mine. The deposit remains open at depth with previous drilling below the base of the existing underground development confirming continuation of the mineralised system. Both the underground development and infrastructure will be examined to determine the most efficient method to progress mine exploration, development activities and potential mine reactivation; 

(2) Continuation of an aggressive regional exploration program, focused initially on gold. Recent field campaigns have returned grades of up to 24.5 g/t gold from rock chip samples. Exploration will be focused on the multiple fault structures recognised within the major granodiorite intrusion at Salau and the discovery of shear hosted gold mineralisation associated with large fault structures extending along a 5km corridor to the west of the Salau mine area. 

Progress made with both work programs has enhanced the Company’s understanding of the geology and regional scale exploration potential of the area. 

As a result, the Company has signed agreements to acquire the remaining 20% of the Couflens Project, which will increase its ownership to 100%, and to acquire a 75% interest in the Aurenere tungsten-gold project in the Lleida province in northern Spain. 

The Aurenere Project comprises an Investigation Permit under application which covers an area of 55km2, along strike from and adjacent to, the Company’s Couflens Project. The Aurenere Project hosts an extension of the highly prospective corridor for tungsten and gold which strikes east-west through the Couflens Project and into the Aurenere Project area. 

Apollo Minerals is developing its Projects in accordance with the highest standards of environmental, social, health and safety, and economic management. 

All work programs are carried out with a strong commitment to both sustainable development and proactive stakeholder engagement as the Company seeks to develop and maintain positive relationships with its host communities and stakeholders. 

Competent Persons Statement 

The information in this report that relates to Exploration Results is extracted from announcements on 29 November 2017, 5 February 2018 and 27 March 2018. These announcements are available to view on www.apollominerals.com.au. The information in the original announcements that related to Exploration Results were based on, and fairly represents, information compiled by Mr Robert Behets, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr Behets is a holder of shares and options in, and is a director of, Apollo Minerals Limited. Mr Behets has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. 

PowerHouse Energy #PHE – Clarifications re Equity Placings

GENERAL TEXT AMENDMENT & CLARIFICATION

The following amendments have been made to the ‘Equity Placings’ announcement released on 18 April 2018 at 12:10PM.

The number of New Ordinary Shares issued and being applied for Admission in the text should read 115,255,355 representing 7.5 per cent of the enlarged share capital. The Company has therefore raised gross proceeds of £576,276.76 in addition to the 64,744,645 existing shares placed on behalf of Hillgrove Investments pty ltd, thereby eliminating the shares related to the convertible note.

All other details remain unchanged. The full amended text is shown below.

PowerHouse Energy Group, plc

Equity Placings

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and end-of-life tyres, announces the placing of New and Existing Ordinary Shares with private shareholders.

Details of the Placing

The Company has placed 180,000,000 ordinary shares, representing an issue of 115,255,355 new shares and 64,744,645 existing shares.

The Company has issued 115,255,355 New Ordinary Shares of 0.5p each at 0.5p per share in an over subscribed placing and direct subscription to raise gross proceeds for the Company of £576,276.76. The net proceeds will be utilised to support the commercial development of PowerHouse’s proprietary technology DMG® which takes plastic and rubber waste streams and converts them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel.

In addition, all of the shares remaining in the control of PowerHouse as a result of the Convertible Note with Hillgrove Investments Pty Ltd have now been placed. The final 64,744,645 Ordinary Shares of 0.5p  remaining in relation to Hillgrove as announced on 31 January 2018  have been placed at 0.5p per share with private shareholders on behalf of Hillgrove which is now no longer a substantial shareholder in the Company. The Placings were carried out by the Company’s Broker, Turner Pope Investments TPI Limited, and Joint Placing Agent, Cornhill Capital

Application is being made for the admission of 115,255,355 new Ordinary Shares, representing 7.5 per cent of the enlarged share issued shares in issue to trading on AIM and it is expected that this will occur on or around 25 April 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.

Subsequent to the issue of the New Ordinary Shares, the Company will have 1,532,558,289 Ordinary Shares in issue and there are no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, 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 FCA’s Disclosure and Transparency Rules.

Keith Allaun, CEO of PowerHouse, said: “We are delighted with the support from existing and new shareholders. The PowerHouse System continues to demonstrate that at commercial scale, our outstanding waste-to-hydrogen technology will be delivering distributed hydrogen in the most ecologically responsible, economically efficient, distributed manner, and position PowerHouse as a key hydrogen player. We intend to be providing the lowest cost hydrogen fuel in the world, whilst making a major contribution to reducing the plastic and rubber waste problem- and dramatically reducing air pollution.”

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.

Enquiries:

PowerHouse Energy Group plc
Keith Allaun, Chief Executive Officer
Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser)
James Joyce / Chris Viggor
Tel: +44 (0) 207 220 1666
Turner Pope Investments TPI Ltd (Broker)
James Pope / Andy Thacker
Tel: +44 (0) 203 621 4120
Gable Communications Limited
John Bick / Justine James
Tel: +44 (0) 20 7193 7463

About PowerHouse Energy

PowerHouse Energy has developed proprietary process technology called DMG® which takes plastic and rubber waste streams and converts them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is the world’s first proven hydrogen from waste (HfW) process.

The PowerHouse process converts 25 tonne of plastic or rubber waste into 1 tonne H2 per day and 28 MWh per day of electricity.

The PHE process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

PowerHouse is quoted on the London Stock Exchange’s AIM Market. The Company is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net.

PowerHouse Energy #PHE CEO Keith Allaun discusses the oversubscribed £900,000 equity raise with Andrew Scott at Proactive Investors

Keith Allaun, CEO at PowerHouse Energy Group PLC (LON:PHE), caught up with Andrew Scott at Proactive Investors following their new equity issue – an oversubscribed £900,000 capital raise to support ongoing commercial development of its energy systems.

Ian Pollard – Clarkson #CKN belatedly admits problems

Clarkson CKN expects both first half and full year profits to be materially below those of last year after the first  quarters financial performance fell below the boards expectations. Blame is put on a challenging environment in shipping and offshore capital markets, which caused transactions to be put back, lower freight rates hit the tanker market, and the impact of the lower dollar which is the main currency used by the groups banking and and broking businesses.

It seems unbelievable that only six weeks agree, the company was so full of confidence for the future that it increased its final dividend by 12% after a strong performance in the year to 31st December and following early signs of recovery in shipping markets. On that very same day, the 12th March the chairman proclaimed that it was well positioned for the future and there were early signs of recovery in the shipping market. Does the Board really expect shareholders to believe that two thirds of the way through the first quarter there was not the slightest sign that the company had been hit by serious problems, the disclosure of which which are more than likely to send the  share price into a nose dive when markets open this morning.

It actually opens today’s update with the startling confession that during the first quarter it faced ‘certain headwinds’ .Explanations are called for as to why shareholders and markets have been kept in such ignorance.

Rotork ROR Order intake rose by 27% on an organic constant currency basis during the quarter to the 1st April and the order book ended the quarter, 18.6% higher than it started it. The increase was experienced across all divisions and revenues for the full year are now expected to show mid to high singe digit growth.

Morgan Advanced Materials MGAM anticipates that full year headline profit margins will be slightly ahead of last year and also announces its departure from the Composite and Defence Systems business.

Lok’n Store Group LOK Group like for like revenue rose by 8.3% in the half year to the 31st January leading to a rise of 21.3% in adjusted profit before tax. The interim dividend is to be increased by 11% to 3p per share. The company is expected to continue to grow strongly and positive momentum has continued into the second half.

Beachfront villas & houses for sale in Greece;   http://www.hiddengreece.net

Andrew Hore – Quoted Micro 23 April 2018

NEX EXCHANGE   

Sativa Investments (SATI) is acquiring a 51% stake in George Botanicals from Carbon Managers, where Sativa boss Geremy Thomas is 100% owner, for £200,000. Thomas was not involved in the decision making concerning this investment. He was the founder of former AIM company PNC Telecom and invested in George Botanicals before Sativa was set up. George Botanicals supplies cannabidiol (CBD) products, such as vape pens, balms and edible gels. Non-executive director Noel Lyons has sold 750,000 shares at 3p each. He still owns 2.25 million shares. This should have generated more cash than his initial investment, assuming he bought shares in the directors subscription at 0.5p each.

Mandicon (MECP) intends to return 250.125p a share in cash to investors via a solvent liquidation. An offer of £1.1m has been made for the remaining business, Nirvana Engineering, but the board believes it is worth £1.5m. Chairman Wilf Boardman will not receive the cash distribution and instead he will receive the balance of cash left after the liquidation costs and take control of Nirvana and have the right to potential deferred consideration of £400,000. Even taking Nirvana as being worth £1.5m, Boardman will receive the equivalent of slightly less than the cash distribution to the minority shareholders.

Primorus Investments (PRIM) says that investee company Sport:80 has commenced the preparation of documentation for a flotation that could happen in the third quarter. Non-executive chairman Jeremy Taylor-Firth has acquired an initial holding of 12.5 million Primorus shares at 0.1585p each.

Ganapati (GANP) says that iSoftBet will be integrating its Japanese-themed games to the Game Aggregation Platform. This means that these Ganapati games can be delivered to operators via the platform. Robert Dowling has been appointed as chief commercial officer.

All Star Minerals (ASMO) continues to review investment opportunities. The company owns 1.92% of NQ Minerals (NQMI).

National Milk Records (NMRP) chief executive Andy Warne has taken up the options for 85,000 shares at 28p each and then sold 27,200 shares at 87.5p a share. Two other managers, Jonathan Davies and Ben Bartlett, each took up 50,000 shares at 28p a share and each sold 16,000 shares at 87.5p a share.

Panther Metals (PALM) has changed the general meeting date to 11 May.

Etaireia Investments (ETIP) is investigating a number of transactions undertaken by Baron Bloom before his resignation as a director. These cover acquisitions totalling 16% of the company’s assets.

AIM   

Immunodiagnostic Systems Holdings (IDH) is making a habit of putting out statements late in the day and sometimes at the end of the week. The latest is a trading statement released at 4.35pm last Friday. Full year revenues are 5% lower at £37.9m and also below the 2015-16 level, which was a previous low point when the reported loss was nearly as high as the revenues. There was around £28.5m in the bank at the end of March 2018, compared with cash of £29.7m (and debt of £1.33m) at the end of September 2017. The preliminary results are due to be announced on 20 June, possibly at an earlier time, although the interim figures were published at 4.30pm on Friday 24 November. Management will undoubtedly be bemused why the share price is so low, immune as they appear to be from a good sense of investor relations.

Aviva has sold its 3.92% stake in Vernalis (VER) and GAM cut its stake below 5%. Stockholm-based HealthInvest Partners has bought a 5.69% stake. Vernalis had £46m in the bank at the end of 2017. US commercial cough treatment activity should finish by the end of September and that will slow the rate of cash outflow. A formal sale process for the company has started.

Bad news from Immupharma (IMM) concerning the phase III trial of lupus treatment Lupuzor. The performance against the placebo was not good enough to meet the required target. There is still potential for a treatment targeted at specific sections of lupus sufferers. Lanstead Capital has sold its 5% stake and Aviva has cut its shareholding from 7.27% to 4.4%.

Integumen (SKIN) plans to acquire Cellulac via an all share reverse takeover. Cellulac provides the group with operations involved in biodegradable plastic ingredients and food supplements. The shares issued for the acquisition will account for 84% of the enlarged share capital. There are also plans to raise £7.5m. Gerard Brandon and Camillus Glover will become chief executive and chief operations officer respectively. Declan Service has resigned as chief executive. The current business will focus on existing products.

ClearStar, Inc (CLSU) is regaining the confidence of investors with further growth in revenues and progress towards profit. In 2017, revenues improved $16m to $17.8m and the loss was reduced from $2.11m to $1.95m. In 2018, the loss is expected to halve to $1m and it could breakeven in 2019. Net cash is $1.3m.

N4 Pharma (N4P) has commenced the proof of concept clinical trial for sildenafil, which should take eight to ten weeks. Initial results should be available in July with the final study at the end of August. This will show whether the reformulation is successful and how the performance compares to Viagra.

Connemara Mining (CON) says that the maiden mineral resource estimate for the Stonepark zinc lead project is 5.3mt at 8.55% zinc and 2.6% lead. The mineralisation is relatively shallow. Connemara has a 23.44% stake in the Stonepark project and Group Eleven Resources owns 76.56%.

SkinBioTherapeutics (SBTX) says that the cream formulation of its SkinBiotix technology has proved effective on skin models. Stability testing is underway.

Property fund manager First Property Group (FPO) says its full year pre-tax profit will be in line with expectations. Funds under management have reached £625m. The Universities Superannuation Fund has sold its 8.58% stake.

Production grades declined in the third quarter at the Uruguay mines of Orosur Mining Inc (OMI) and production was lower than expected at 6,859 ounces of gold. Full year production should be more than 27,000 ounces. Orosur generated $6.3m of cash from operations in the nine months to February 2018.

Filta Group Holdings (FLTA) reported growth in continuing revenues from £8.5m to £11.5m with the grease management business making an initial contribution. The figures exclude the refrigeration activities which have been sold. Underlying pre-tax profit improved from £831,000 to £1.73m. The main growth came in the North American franchised fryer management operation. Filta has bought the German master licence and this will provide a base from which to grow in Europe. The strategy is the same as in North America. The total dividend for the year is 1.3p a share.

Rose Peteroleum (ROSE) believes that the total cost of the first well on its project in the Paradox Basin in Utah will be in the range $7m-$8m, which is lower than previously thought, and it could be less than that.

Ascent Resources (AST) is reviewing its strategic options. A partner could be sought to help to exploit the existing gas assets. There is already interest from potential partners. Ascent still has cash of more than £1m.

Draper Esprit (GROW) has more than doubled its gross portfolio value to £244m in the year to March 2018 as it invests the cash it raised in the period. There is still £56m to invest and the funds managed by the group have a further £50m.

Profit has bounced back at Christie Group (CTG) thanks to a sharp recovery in the professional business services division. The stock and inventory systems division made a larger loss. Overall pre-tax profit improved from £1.8m to £3.15m, although the outcome as flat excluding the previous year’s exceptional pension-related charge.

In the six months to January 2018, Egdon Resources (EDR) produced 17,962 barrels of oil equivalent. That was higher than the previous year but revenues were flat at £513,000. There is £4.1m in the bank.

MAIN MARKET    

Full year pre-tax profit fell from £908,000 to £730,000 at Tex Holdings (TXH) but NAV increased from 155p a share to 168p a share. The NAV improvement came from a reduction in the group pension deficit. Net debt increased from £3.75m to £4.87m. The plastics division improved its profit but the engineering division was hit by relocation costs. The dividend has been maintained at 8.5p a share. Chris Gray, who is in his seventies, is replacing Richard Burrows as chairman. David Redhead has switched from non-exec to executive director.

Sanity has not taken over when it comes to the share price of standard list shell AIQ Ltd (AIQ) following the return from suspension. The suspension price was 125p a share and it ended the week at 130p a share, having fallen to 92.5p a share the previous day. AIQ raised £115,000 at 20p a share in order to help to improve the limited liquidity of the shares. A one-for-40 open offer at the same share price could raise up to £253,000 more. In January, £4m was raised at 8p a share.

Sealand Capital Galaxy Ltd (SCGL) is selling SecureCom Media Holdings to Creative Alpha Ltd for £10,000, having acquired the business for £1m plus 10 million shares at 20p a share just over one year ago.

Boston International Holdings (BIH) had £811,000 left in the bank at the end of 2017. There was a £400,000 cash outflow during the year. Spinnaker Opportunities (SOP) had £1.18m in the bank on 13 April 2018.

Andrew Hore

Theresa May ‘declares war on plastic’ in Government’s Environmental Plan – Sky News

A £61.4m war chest to fight the rising tide of plastic pollution in the world’s oceans has been announced by the Government.

Theresa May has set out plans to get rid of avoidable plastic waste within 25 years – as she also confirmed the 5p bag charge will be extended to all shops.

The Prime Minister said she wanted to “make ours the first generation to leave the natural environment in a better state than we found it”.

Unveiling her Environmental Plan in a speech in west London, she called plastic “one of the great environmental scourges of our time”.

Single-use plastic wasted every year in the UK would fill the Royal Albert Hall 1,000 times, the PM said.

Supermarkets will also be encouraged to have plastic-free aisles where items such as fruit and veg are loose rather than wrapped up in film.

Charges and taxes on single-use items, for example takeaway containers, will also be considered.

And the 5p plastic bag charge will now also be brought in for smaller shops, which were previously exempt.

But critics of the plan have called it a “missed opportunity” and say it should be underpinned by new laws in order to hold the Government and businesses to account.

Speaking at London’s Wetland Centre, Mrs May insisted that Brexit would not lead to lower environmental standards.

She said: “We will incorporate all existing EU environmental regulations into domestic legalisation when we leave.

“We will set out our plans for a new, world-leading independent statutory body to hold government to account and give the environment a voice.”

Other pledges include aid to help developing nations reduce plastic use and a new Northern Forest from Cheshire to Lancashire and Yorkshire.

There was no confirmation in the PM’s speech of a suggested 25p charge on the millions of disposable coffee cups used each year – of which only a tiny percentage get recycled.

Link here for the full article on the Sky News website

Sky’s Ocean Rescue campaign encourages people to reduce their single-use plastics. You can find out more about the campaign and how to get involved at www.skyoceanrescue.com

Lithium – Market correction, or buying opportunity?

Article by Kiran Morzaria, CEO of Cadence Minerals Plc #KDNC

View this article on Linked-IN here

Lithium stocks enjoyed a stellar 2017, with gains ranging from 50-114%. In contrast, Q1 2018 has been a period of under performance, with major producers down between 26% and 16%. Ultimately this was driven by the markets perception of a potential oversupply of lithium compounds to the battery market.

It could also be argued that Morgan Stanley analysts played a role in this downward movement. In February 2018, MS released results of a lithium survey, forecasting that growth in electric cars will be “insufficient” to offset rising supply of lithium from Chile.

MS also forecasted that lithium prices would drop by 45% by 2021, basing its findings on new lithium projects and planned expansions by the largest producers in Chile, which, according to MS “threatened to add” around 500,000 tonnes per year to global supply by 2025.

However at Cadence Minerals we believe MS are fundamentally wrong on a number of counts.

Firstly, the EV industry is a wholly disruptive technology, in the same way that that the internal combustion engine disrupted the horse and cart in less than 10 years.

A disruptive technology completely displaces the incumbent technology (think of the printing press, colour tv, mobile phone and smartphone). This comes about as a result of exponentially reducing cost curves and the convergence of technologies and business models which result in upto a 10 times decrease in costs.

The result is an s curve type adoption (see graph above) where the current technology is replaced in as short a time as 10 years. The EV has these characteristics (as do solar panels coupled with batteries for power storage) and as such it will be economics and not the environment that will lead us to adopt electric vehicles more quickly.

Ample evidence already exists for huge exponential growth in the EV market: in Norway nearly a third of all new cars sold in the country this year will be a plug-in model – either fully electric or a hybrid – and experts expect that share to rise to as much as 40% next year.  It will be economics and not the environment that will lead us to adopt electric vehicles

History is littered with examples of corporate strategists dismissing disruptive technologies: AT&T were told by Mckinsey that the mobile phone industry would deliver modest growth during the 1990s with some 900,000 handsets sold. So AT&T decided not to participate. That number in fact came in at 109,000,000, costing AT&T dearly.

Secondly what many forecasters fail to understand is that these types of projects tend to be commissioned late and are still subject to financing. Again we only have to look in to the recent history, in 2010 it was forecasted that by 2015 there would be an additional 150,000 tonnes of lithium compounds in the market form new projects. In fact it was just under 17,000 tonnes. Given this history it is easy to see how supply could fall well short of the 500,000 tonnes by 2025. We have previously highlighted why 200,000 tonnes of this is likely to take longer and may not occur, the article can be found here.

MS forecasts that the price of lithium carbonate will fall from $13,375 a tonne to $7,332 a tonne by 2021, and then towards its marginal cost of production at $7,030 a tonne thereafter. In making this forecast they have applied some of the most optimistic factors to construction and commissioning and applied a linear approach to growth curves, which for a disruptive technology is inappropriate.

Cadence Minerals firmly believe that the next few years will see a supply bottleneck in battery grade lithium compounds and that should mean prices will at least remain stable and at best increase. For us, this is both reassuring and exciting, as Cadence invests in projects that have the ability to deliver production in the lower half of the cost curve (e.g. below US$4,000 per tonne of lithium compound), which at current prices would result in gross margins of 300%.

We also see that European, American and Asian EV manufacturers are seeking to source local lithium carbonate supply to minimise transfer costs. Recognising this, Cadence Minerals are strategically invested into lithium assets around the world that exist close to EV manufacturing hubs.

In summary, as a result of fully informed, forward looking early investment decisions taken by our team, today Cadence Minerals has exposure to world class assets and, we believe, the next lithium compound producer. Cadence offers one of the strongest investment propositions available anywhere across the diverse and complex lithium to EV market.

Source: Cadence Minerals market data

Source: FT Feb 26th 2018

Source: Guardian Dec 25th 2017

Source: Cadence Minerals own dataset

Source: Rethinking Transportation 2020-2030, Tony Seba

Ian Pollard – Weir Group #WEIR, 50% rise in oil, gas & shale revenues

Weir Group plc WEIR performed strongly in its main markets and first quarter orders grew by 22%, with minerals up by 13%. Oil and gas led the way with a 50% rise after strong drilling and completion activity in North American onshore. Further success was encountered as it became the preferred provider to major shale pressure pumpers. Weir has also announced the acquisition of ESCO which has a  world-class team and will add another leading global brand.to its porfolio. It also intends to start the process of selling Flow Control with the aim of reallocating capital to build further on its core platforms.

Unilever ULVR made a good start to he year with first quarter sales  growth of 3.4% and emerging markets doing even better with 5.1%. The quarterly dividend is to be increased by 8% after what the company describes as a good volume driven performance across all three divisions. Markets in Europe remained challenging as a resut of weak consummer demand, prie deflation and a challenging retail environment, especially in France. A triple whammy if ever there was one.

Rentokil Initial RTO has started the year well with ongoing revenue up by 15.7% at constant exchange rates. although on an organic basis revenue growth of 3.2% was down on last years 3.7%. Another year of successful growth is expected for 2018 despite unseasonably cold weather in March having delayed the onset of the US pest season.

Telecom Plus TEP produced record levels of revenue, profit and dividends during the year to the end of March. The final dividend is to increased by 4.2% from 48p. per share to 50p.The success was achieved despite  a challenging environment created by record industry levels of domestic customers switching suppliers which TEP managed to keep below the industry average with its own customers. Profit before tax for 2019 is expected to be in the region of 55 to 60m.

Essentra plc ESNT proclains that it is continuing to “drive its stability agenda”. That must mean something when translated into Engish and I will try and discover exactly what before the end of the morning. It is possible that it may have something to do with its expectations of a return to like-for-like revenue growth and margin expansion in 2018.

Aveva Group AVV enjoyed strong trading for the year to the end of March. After revenue growth of 5.9% in the first half, .growth accelerated in the second half leading to a comfortable double digit rate for the year as a whole.

Beachfront villas & houses for sale in Greece;   http://www.hiddengreece.net

PowerHouse Energy Group #PHE raises £900k gross in oversubscribed equity placing

PowerHouse Energy Group plc (AIM: PHE), the UK technology company pioneering hydrogen production from waste plastic and end-of-life tyres, announces the placing of New and Existing Ordinary Shares with private shareholders.

Details of the Placing

The Company has issued 180,000,000 New Ordinary Shares of 0.5p each at 0.5p per share in an over subscribed placing and direct subscription to raise gross proceeds for the Company of £900,000.00. The net proceeds will be utilised to support the commercial development of PowerHouse’s proprietary technology DMG® which takes plastic and rubber waste streams and converts them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel.

All of the shares remaining in the control of PowerHouse as a result of the Convertible Note with Hillgrove Investments Pty Ltd have now been placed. The final 64,744,645 Ordinary Shares of 0.5p  remaining in relation to Hillgrove as announced on 31 January 2018  have been placed at 0.5p per share with private shareholders on behalf of Hillgrove which is now no longer a substantial shareholder in the Company. The Placings were carried out by the Company’s Broker, Turner Pope Investments TPI Limited, and Joint Placing Agent, Cornhill Capital.

Application is being made for the admission of 180,000,000 new Ordinary Shares, representing 11.7 per cent of the enlarged share issued shares in issue to trading on AIM and it is expected that this will occur on or around 25 April 2018. These shares will rank pari passu in all respects with the Company’s existing issued Ordinary Shares.

Subsequent to the issue of the New Ordinary Shares, the Company will have 1,532,558,289 Ordinary Shares in issue and there are no shares in Treasury, therefore this figure may be used by Shareholders, from Admission, 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 FCA’s Disclosure and Transparency Rules.

Keith Allaun, CEO of PowerHouse, said: “We are delighted with the support from existing and new shareholders. The PowerHouse System continues to demonstrate that at commercial scale, our outstanding waste-to-hydrogen technology will be delivering distributed hydrogen in the most ecologically responsible, economically efficient, distributed manner, and position PowerHouse as a key hydrogen player. We intend to be one of the  lowest cost  providers of  hydrogen fuel in the world, whilst making a major contribution to reducing the plastic and rubber waste problem- and dramatically reducing air pollution.”

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

Enquiries:

PowerHouse Energy Group plc
Keith Allaun, Chief Executive Officer
Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser)
James Joyce / Chris Viggor
Tel: +44 (0) 207 220 1666
Turner Pope Investments TPI Ltd (Broker)
James Pope / Andy Thacker
Tel: +44 (0) 203 621 4120
Gable Communications Limited
John Bick / Justine James
Tel: +44 (0) 20 7193 7463

About PowerHouse Energy

PowerHouse Energy has developed proprietary process technology called DMG® which takes plastic and rubber waste streams and converts them into cost efficient energy in the form of electricity and ultra clean hydrogen gas fuel for use in cars and commercial vehicles (FCEV: Fuel Cell Electric Vehicles) and other industrial uses. The PowerHouse technology is the world’s first proven hydrogen from waste (HfW) process.

The PowerHouse process converts 25 tonne of plastic or rubber waste into 1 tonne H2 per day and 28 MWh per day of electricity.

The PHE process produces low levels of safe residues and requires a small operating footprint, making it suitable for deployment at enterprise and community level.

PowerHouse is quoted on the London Stock Exchange’s AIM Market. The Company is incorporated in the United Kingdom.

For more information see www.powerhouseenergy.net

Ian Pollard – Countryside Properties #CSP – building cost inflation moderates in London

Countryside Properties plc CSP enjoyed robust trading during the firt half year to the 31st March., in addition  to which there was growth from acquisitions. Total pricate completions rose by 15% with the total average selling price falling by 11% to £392,000. Housebulding completions rose by 7% with the average selling price remaining flat. The company claims that private forward bookings were strong with a fall from £347m. to £327m. Current trading is described as robust and building cost inflation has moderated particularly in London and the south east.

Bunzl plc BNZL Since the 31st December revenue at constant exchange rates has risen by 14%, with underlying growth of 6% and an impact of 8% from acquisitions. Underlying growth is expected to return to more normal levels for the reminder of the year. In March two further acquisitions have been completed, one in the US which produced revenue of $50m in 2017 and the second in the Netherlands which produced 6m. Euro in 2017.

Mediclinic Intnl plc MDC Results for th year to the 31st Mach are expected to be marginally ahead of expectations following a significant second half improvement from the Middle East division, which is now entering an expansionary phase. This is expected to produce a srong increase in revenue and margins over time. In Southern Africa revenue growth of 5% is anticipated which is ahead of expectations.

Moneysupermarket.com Group MONY produced total revenue growth of 4% for the quarter to the end of March, in line with expectations and led by Home Services with a rise of 15%. The group anticipates meeting current market expectations for the full year.

AnimalCare Group plc ANCR Revenues to the 31st December will be slightly ahead of management expectations whilst sales growth during the current financial year is expected to be stronger, with underlying EBITDA, net earnings and earnings per share all expected to maintain at least double digit growth

Segro plc SGRO made a strong start to 2018 with a record level of new headline rent delivered for the quarter from the 1st January to the 17th April. Last year the first quarter figure was £16.3m.. This year the figure shot up to £27m.

Find beachfront villas & houses for sale in Greece;   http://www.hiddengreece.net

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