WTI Oil US$64.3/bbl vs US$65.3/bbl yesterday
Natural Gas US$2.91/mmbtu vs US$2.93/mmbtu yesterday
Oil Price News
Money managers continue to take a bullish stance in oil futures and options contracts, estimating that oil prices will increase later this year as economies reopen and travel and fuel demand rise
In the week to 4 May, hedge funds bought the equivalent of 40MMbbls in both Brent and WTI according to Reuters
This was the fourth week in a row in which portfolio managers have added long positions in oil futures
In the week to 27 April, hedge funds added the equivalent of 30MMbbls in the six most important petroleum futures and options contracts
MiFID II exempt information
– see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week)
Canyon Resources (ASX:CAY) – Minim Martap bauxite project mineral resource upgrade
(Altus Strategies is invested in Canyon Resources)
Marvel Gold (ASX:MVL) – Chilalo Graphite Project spin out
(Altus Strategies holds a JV agreement with Marvel Gold)
Metal Tiger (AIM:MTR) – Drilling Commenced at KML copper project
Serabi Gold (AIM:SRB) – Drilling confirms lateral and depth extensions to mineralisation at Palito
The company has a historic ‘high-grade’ copper mine which was abandoned >100 years ago.
Drilling is planned to test two large geophysical targets underneath the historic mine may be mineralised porphyry structures.
Today s Market View - Bacanora Lithium, Lucara Diamonds, Pasofino Gold and more.
Bacanora Lithium (LON:BCN) – Potential offer from Ganfeng
Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years
Pasofino Gold (CVE:VEIN) – C$9m equity raise
Power Metal Resources (LON:POW) – New corporate presentation
SP Angel . Morning View . Friday 07 05 21
Copper prices make new high
Good Chinese PMI data point to strengthening growth momentum
MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week)
Lucara Diamonds (CVE:LUC) – Reports healthiest diamond market for 5 years
Pasofino Gold (CVE:VEIN) – C$9m equity raise
Today s Market View - Rockfire Resources, Power Metal Resources, Lucara Diamonds and more.
Lucara Diamonds (CVE:LUC) C$0.85, Mkt Cap C$338m – Project finance approved for Karowe mine underground development
Lucara Diamonds reports that a previously announced project finance package of US$220m to fund the underground expansion of its wholly-owned Karowe diamond mine in Botswana from a consortium of five international banks has now been approved.
SP Angel . Morning View . Thursday 06 05 21
Global recovery gains pace fuelling inflation
MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week)
Today s Market View - Cora Gold, Botswana Diamonds, Arc Minerals and more.
Arc Minerals (LON:ARCM) – Rackla Metals Inc. set to acquire Casa Mining assets
Botswana Diamonds (LON:BOD) – Drilling results from Thorny River
Cora Gold (LON:CORA) – Sanankoro drilling results
Phoenix Copper (LON:PXC) – Chairman describes a “clear path” to production at the Empire open-pit project
SP Angel . Morning View . Wednesday 05 05 21
Copper price set to rise on Peru election disruption and Chile royalty
MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week)
Botswana Diamonds (LON:BOD) – Drilling results from Thorny River