Latest Update On LSE Listed Eurasia Mining Plc, AFC Energy Plc, IXICO Plc And Berkeley Energia Ltd

8 min read | October 29, 2019 11:20 PM GMT | By Kunal Sawhney

Eurasia Mining Plc

Eurasia Mining Plc is the United Kingdom domiciled mineral and metals exploration company. The company has a long-established interest in iridium, rhodium, palladium, gold and Platinum and is focused on the production of these precious metals. The company has a running PGM mine in the Ural Mountains palladium open pit deposit in Russia’s Kola Peninsula called the Monchetundra project. Other than that, the company has an interest in the Semonovsky Gold in Mine Tailings Project, a resource which has demonstrated a potentially low-cost gold production potential in the new-term.

The shares of the company have a listing on the London Stock Exchange in the Alternative Investment Market (AIM) segment, where they trade with the ticker name EUA.

Results review

The company on 26 September 2019 came out with its interim financial results for the six-months period ending on 30 June 2019

  • The total production of Platinum of the company from mid- May till 14th September 2019 stood at 55kg (1,770 ounces) of total raw platinum, with further metal being held up at various stages in the production cycle.
  • During the Six month period, the company initiated reserve upgrade drilling programme focused on the Ust Tylai, Bolshaya Sosnovka and Ust Tylai Pravy areas was outlined, funded and then it successfully has begun operations.

Source – Company’s interim report publication on 26 September 2019.

Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 2.03 PM), EUA shares were trading on the London Stock Exchange at GBX 2.665.

The stock of the company has a 52-week High of GBX 2.87 and a 52-week low of GBX 0.376. The total market capitalization of the company at the time of writing this report was £73.39 million.

Outlook

Through the course of this year's mining season, metal prices have run substantially higher when compared to 2018. Given the rising prices of these metals, the company’s fortunes will rise during the forthcoming periods.

AFC Energy Plc

AFC Energy Plc is the United Kingdom Domiciled company working on an alkaline fuel cell technology to make it scalable and commercially viable to provide clean electricity for on-grid and off-grid electricity needs. The technology, that was founded by the company over more than a decade period in the United Kingdom, is currently being used in electric vehicle chargers.

The Shares of the Company have their listing on the London Stock Exchange in the Alternative Investment Market (AIM) segment. There they use the ticker name AFC for trading.

Operational Update

The company on 28 October 2019 came out with an operational update prior to its financial year ending on 31 October 2019.

  • The company’s Hydrogen-powered 72 kWh, off-grid Electric Vehicle (EV) charging system is well on target for commercial launch in the month of December of 2019.
  • The Electrode pairing demonstration apparatus of the company achieved a milestone of ten thousand hours of continuous operation during the year.
  • The company entered into a business agreement with a renowned international OEM (Original Engineering Manufacturer) to evaluate "Ammonia to Power" off-grid platform during the year as well.

Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 1.45 PM), AFC shares were trading on the London Stock Exchange at GBX 4.755.

The stock of the company has a 52-week High of GBX 8.834 and a 52-week low of GBX 2.72. The total market capitalization of the company at the time of writing this report was £21.97 million.

Outlook

The company's new hydrogen-fueled Electric Vehicle charging unit is going to be the focus of its operations for the remaining part of 2019 and is all set to be the benchmark for off-grid, sustainable and reliable electricity supply to an industry whose size is estimated to be as big as £100 billion in the United Kingdom alone.

IXICO Plc

IXICO Plc is the United Kingdom domiciled clinical data and associated services providing company. The company aims to aid medical advancements and general wellness by converting data into clinically meaningful information, whereby valuable new insights in the field of neuroscience and rare disease can be ascertained.

The goal of the company is to be a leading proponent in the use of Artificial Intelligence in clinical development, to enhance biopharma Research and Development productivity through the adoption of pathbreaking data analytics in precision healthcare. The company’s data analytics services are used in some of the most critical of clinical trials in the fields of neuroscience and rare disease where it is providing valuable data on disease progression and patient welfare, enabling the company’s clients to make informed and better decisions than earlier in the pathways of clinical development. The company’s novel Artificial Intelligence algorithms provide analysis and interpretation of brain scans and digital biosensor data to aid in better trial design, patient selection and ultimately refined clinical outcomes across all phases of clinical evaluation.

The shares of the company have their listing on the London Stock Exchange in the Alternative Investment Market (AIM) segment. There they trade with the ticker name IXI.

Trading Update

The company on 28 October 2019 came out with an update on the three new bio-pharma contracts that it signed recently and the appointment of Lammert Albers as its Chief Business Officer with immediate effect.

  • The company has entered into start-up agreement, with an initial value of around £0.4 million, with a new client for a new multi-study programme in Progressive Supranuclear Palsy (PSP), executable over a twelve-month period.
  • A three-year, expansion of an existing study agreement has been signed by the company worth £0.35 million to add a significant patient cohort in China.
  • A two-year, new client contract has been signed by the company to support a Phase IV study for a US biotech client worth £0.45 million, to explore a new application for a marketed drug for mental health.

Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 2.06 PM), IXI shares were trading on the London Stock Exchange at GBX 74.495.

The stock of the company has a 52-week High of GBX 78.00 and a 52-week low of GBX 18.78. The total market capitalization of the company at the time of writing the report was £35.53 million.

Outlook

After the exceptionally strong financial performance of Financial Year 2019, The company has been able to maintain the momentum with new contracts and new leadership talent joining the board. The new contracts and leadership will bring incremental growth in revenues of the company in future periods.

Berkeley Energia Ltd

Berkeley Energia Ltd is an Australian company with mineral and mining interest in Uranium. The company presently is developing a world-class uranium project in a historic mining area in western Spain called the Salamanca Project.

The project presently has a Net Present Value of US$531.9 million with an internal rate of return of 60 per cent based on a discount rate of 8 per cent. The project benefits greatly from the well-established EU funded infrastructure in the region with an initial capital cost of only US$93.8 million, which is low by international standards for a project of this size.

The shares of the company have a listing on the Australian Stock Exchange as well as on the main market segment of the London Stock Exchange. In both places, the shares trade under the ticker name BKY.

Trading Update

The company on 28 October 2019 came out with a news release regarding the developments in its drilling operations in its Salamanca Project in Spain.

  • The first of six-hole drilling program of the company targeting an area to the west of its tenement package which previously has been mined for lithium and tin which had reported significant cobalt anomalies has now advanced to a full-scale prospect for the metal.
  • At the site, four diamond holes, of half a kilometre deep, have been completed till date. Minerals Samples from which have been sent to the laboratories for analysis and the final assay results are awaited.

Performance at the London Stock Exchange

Price Chart as on 29 October 2019, before the market close (Source: Thomson Reuters)

On 29 October 2019, at the time of writing the report (before the market close, GMT 10.18 AM), BKY shares were trading on the London Stock Exchange at GBX 15.20Â Â Â Â Â Â Â Â .

The stock of the company has a 52-week High of GBX 30.50 and a 52-week low of GBX 7.70. The total market capitalization of the company at the time of writing the report was £41.22 million.

Outlook

The uranium price has risen 5 per cent during the quarter pending recommendation from the US nuclear fuel working group to the Section 232 trade investigation. The recommendation will contribute to improved pricing moving forward, as the United States utility majors, in particular, continue their re-contracting cycle.


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