Five to Watch: Kalimantan, Angel, Ascent, Matra & Berkeley

Friday, Nov 26 2010 by
22
Five to Watch Kalimantan Angel Ascent Matra  Berkeley

Below are five AIM listed companies that could potentially provide their shareholders with a welcome Christmas cheer, all five are currently working on key developments.  The companies listed below could potentially offer good share price appreciation, but, if it does not go to plan and the next key announcement is a disappointment, then a hefty share price drop could also be on the cards. 

As always, when looking at most AIM stocks, the risk element needs serious consideration alongside the future economic outlook and the ability of companies to raise future funds, but all five have some very interesting characteristics which are worth a place on the "research and watch" list in my opinion.    

The five stocks are in the primary sector and are concerned with natural resource exploration and production. 

Without further ado, I will cut to the chase:

Kalimantan Gold – Project Deals  

Now, I will start off with my wild card, Kalimantan Gold Corp Ltd (LON:KLG) a relatively off the radar investment with a dual listing on the AIM and TSX VENTURE exchange (making KLG valid for the ISA).  With interests based in the richly natural resourced country of Indonesia, Kalimantan is currently working towards and hoping for deals in three potentially lucrative project areas concentrating on coal, gold and copper.   The coal deposit is potentially 270 MTs of between 4,894 and 5,376 kcal/kg coal and would generate royalties on a relatively realistic lead time.  This stock has risen over 100% during the past month as the shares have been snapped up in anticipation, and is definitely one to watch in my opinion especially considering a low share issue and market capitalisation compared to the potential. 

KLG on the IBP coal concession: “The Directors remain confident that a sale of the coal concession of IBP can be completed on terms satisfactory to the shareholders of IBP and the Company.”

KLG on the copper and gold: “The Directors are hopeful that agreements can be reached for both projects that will see extensive drilling of the KSK Contract of Work's massive magnetic bodies identified below existing drill holes, which have the potential to yield major porphyry copper deposits and the continued exploration and drilling on the epithermal gold project to see that project developed for gold production.”

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Disclaimer:  

This content has been created for information purposes only, and is NOT, in any way, a recommendation to invest.  This communication is a snapshot of a certain aspect of a discussed business at a moment in time, and is merely a basic starting point for research.  The article/thread has been created with honesty and integrity in mind and is based on publically available information sourced in relation to the title, such as from, RNS announcements, published reports, management comments, analyst reports, media coverage etc.  To this extent the author who has written the piece in good faith accepts no liability for the accuracy of the information and urges all readers to verify the content independently.  Please note that the value of investments may fall or rise and you may not get back the amount originally invested, or in some cases your investment may be wiped off altogether.  When investing, bear in mind that past performance is not a guide to future performance and that qualified independent financial advice should be sought before buying or selling shares.  The Author of this article may hold shares in the companies discussed.


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Asiamet Resources Limited, formerly Kalimantan Gold Corporation Limited, is a Canada-based exploration-stage company. The Company's principal business activities include the acquisition, exploration and development of mineral properties in Indonesia. The Company operates through mineral exploration and development segment. The Company has over three principal areas of interest, which include the KSK Contract of Work (KSK CoW) in Central Kalimantan with multiple copper and gold prospects, including the BKM Deposit that has mineral resources; the Beutong Izin Usaha Pertambangan (Beutong IUP) on the island of Sumatra, Indonesia, which covers approximately two porphyry copper-gold-molybdenum prospects (West and East Porphyries) and the Beutong Skarn (copper-gold) prospect, and the Jelai Izin Usaha Pertambangan (Jelai IUP) epithermal gold prospect in North Eastern Kalimantan, Indonesia. The Company's subsidiaries include Indokal Limited and PT Pancaran Cahaya Kahaya, among others. more »

LSE Price
3.68p
Change
5.8%
Mkt Cap (£m)
36.3
P/E (fwd)
n/a
Yield (fwd)
n/a

Ascent Resources plc is an independent oil and gas exploration and production (E&P) company. The Company's portfolio consists of European onshore projects. The Company operates through two segments: Slovenia and UK. The Slovenia segment is engaged in exploration and development work. The UK segment includes head office. It operates the Petisovci tight gas project in Slovenia. The Company's project is operated through a local entity in a joint venture. The Petisovci Tight Gas Project is located in an area covering approximately 100 square kilometers in north eastern Slovenia. The Petisovci Tight Gas Project targets the development of tight gas reservoirs, which include Miocene clastic sediments. The structure has over two sets of reservoirs, the shallower Upper Miocene and the deeper Middle Miocene. It is focused on the development of the Middle Miocene Badenian reservoirs. Its subsidiaries include Ascent Slovenia Limited, Ascent Resources doo and Ascent Resources Netherlands BV. more »

LSE Price
0.275p
Change
22.2%
Mkt Cap (£m)
5.9
P/E (fwd)
2.1
Yield (fwd)
n/a




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6 Comments on this Article show/hide all

NortonFolgate 27th Nov '10 1 of 6
4

This general quote from Edison Research (Junior Pay Dirt 29/Jul/2007) sums up my view of where Angel Mining are today; posed on the brink of gold production out in Greenland:

"After the initial euphoria of discovery wears off, almost all discovery stock tend to lose
70% of their peak value, as the evaluation and possibly engineering and construction phases
take over from the much sexier discovery phase. This can be a very frustrating time for
shareholders, as the speculative "blue sky" forecasts are gone, news flow is difficult to
understand, and cash flow is still negative. The key to unlocking the second phase of
wealth-creation in mining is production. A mining company going into production will have
finally answered their cash-burning question and begin to function as a profitable business".

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jonnyt 29th Nov '10 2 of 6

I suggest you do your research on Ascent.

PG-11 is 40BCF tops, your post if for the entire project area which Ascent believes will require an additional 27 wells....

Ascent own 26% and the large figure is GAS IN PLACE. Recovery factor is expected to be around 50%...

So PG-11 may produce 10 BCF best case to Ascent. However will it flow being tight gas? 10 previous wells on the acreage have failed.

 

 

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Proselenes 2nd Dec '10 3 of 6
6

Thanks to smarty over at III, here is a link to the Broker Note on AST, you can download and read at your leisure :

http://www.mediafire.com/?vcogo6g2j8x2612

Suggest you do so to Jonny !

.

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Elias Jones 10th Jan '11 4 of 6
1

Following the article, Gerald Cheyne of Kalimantan Gold took part in an interview covering the points mentioned above:

‘Kalimantan Gold Director Interview Q4 FY10’
http://www.stockopedia.com/content/kalimantan-gold-director-interview-q4-fy10-51506/

as did Nick Hall of Angel Mining:

‘Angel Mining CEO Interview Q4 FY11’
http://www.stockopedia.com/content/angel-mining-ceo-interview-q4-fy11-51861/

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Elias Jones 1st Feb '11 5 of 6
1

Standard reply from a company spokesperson yesterday regarding the PG-11,

“the Company will be making the necessary announcements to the market per our disclosure obligations in due course, unfortunately we are not able to discuss them prior to announcement for obvious reasons.”

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Elias Jones 16th Feb '11 6 of 6
2

Ascent have today announced its preliminary Pg-11 results. Gas was encountered in all six targeted reservoirs, as well as encountering an unexpected additional reservoir.

Petišovci, Slovenia Drilling Update - Pg-11 Preliminary Results

Ascent's Managing Director, Jeremy Eng commented, "The results from the Pg-11 appraisal well, which reached its planned depth of 3,050m last week, have exceeded our expectations. These results substantially de-risk the Project and underpin its commercial potential. Gas was logged in all six reservoir intervals and as an added bonus gas is present in the unexploited and apparently naturally fractured Lower Miocene Karpatian reservoir, which we hope will contribute to an increase in the current P50 estimate of gas-in-place.

For the full announcement- http://www.investegate.co.uk/Article.aspx?id=201102160700093040B

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