Hybridan Small Cap Wrap featuring liDCO, Rockhopper and Anglesey Mining

Monday, Nov 02 2009 by

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This week: Lifting the lid on LiDCO, why Rockhopper could be rolling out the barrels, and a roofing company that’s going through the ceiling


Anglesey Mining (AYM 13.00p / £19.87m)

Anglesey Mining has reported that a licence exchange deal has been agreed between its TSX- listed and 50%-owned Labrador Iron Mines (LIM) operation and New Millennium Capital Corp (NML). The two sides have agreed to swap some of their respective mineral licences in Labrador province, Canada, in order to eliminate the fragmentation of the ownership of some of the mining rights in the Schefferville area. It will enable both parties to separately mine and optimise their respective direct shipping ore (DSO) deposits as efficiently as possible. The agreement represents the exchange by each party of equal quantities of approximately 13 million tons of iron ore. Both sides have agreed to work collaboratively to facilitate their respective extraction, processing and transportation activities by enabling each other to apply for all required surface rights.

In relation to the transport both sides separately agreed a Rail Co-operation Agreement to reconstruct a rail spur line which will run from the main rail line near Schefferville approximately 2.5 miles to LIM's planned processing centre on a further approximately 13 miles to NML's planned processing centre. Anglesey has done well in recent months to eliminate the discount its shares were trading at to the value of its stake in LIM (its 50 per cent is worth approximately £20m) but in addition Anglesey owns the Parys Mountain copper, lead and zinc property in North Wales, which is currently in care and maintenance. Your intrepid reporter visited this site some years ago and believes that if the recent recovery in base metal prices is sustained the group would be able to unlock the value of the Parys Mountain project. Now that would be an interesting angle.

Boomerang (BOOM 92p / £8.20m)

The Welsh television production company has announced its results for the year to 31 May. Revenue fell by 5.6 per cent, due largely to a delay in decision-making by broadcasters. But, at the analysts? briefing, finance director Mark Fenwick said that, of the £2m-£2.5m shortfall from management?s earlier expectations only £0.4m has been completely cancelled, with the remainder to be recouped in the current financial year and thereafter. Boomerang has traditionally focused on providing production and television services, including…

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Anglesey Mining PLC is a mining company. The Company is engaged in the business of exploring and evaluating Parys Mountain project situated in North Wales, the United Kingdom. The Company also participates in the management of the Grangesberg iron ore property situated in the Bergslagen district of central Sweden approximately 200 kilometers north-west of Stockholm. The Company also has an investment in the Labrador iron project in eastern Canada. Its geographical segments are UK, Sweden and Canada. The Parys Mountain property has zinc, copper and lead deposit with small amounts of silver and gold. The Parys Mountain property site has a head frame, a 300-meter deep production shaft and planning permission for operations. The Company is searching for other mineral exploration and development opportunities. The Company's subsidiaries include Labrador Iron plc, Parys Mountain Mines Limited, Parys Mountain Land Limited, Parys Mountain Heritage Limited and Angmag AB. more »

LSE Price
2.15p
Change
-6.5%
Mkt Cap (£m)
4.1
P/E (fwd)
n/a
Yield (fwd)
n/a


Getech Group Plc is a United Kingdom-based company, which provides geological services, reports and data to the petroleum and mining industries to assist in their exploration activities. The Company's segments include Multiclient products and services, Consultancy projects and All other segments. Its Multiclient products and services segment includes Globe, which is its live Geographic Information Systems (GIS) Earth platform; Gravity and magnetics, which offers global databases; Multiclient regional reports, which include reports on various exploration areas, and Multi-Satellite Altimeter Gravity Programme, which is a three-year study covering gravity data for the continental margins of the world. Its Consultancy projects include Consultancy and licensing rounds, under which the Company provides technical support and advice to the Mozambique government, and GIS software and services, under which, the Company, through Exprodat Consulting Limited, offers Exploration Analyst Online. more »

LSE Price
29p
Change
 
Mkt Cap (£m)
10.9
P/E (fwd)
n/a
Yield (fwd)
n/a



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About Hybridan

Hybridan

Hybridan is a corporate broker and PLUS markets corporate advisor specialising in fundraising, research and after-market support for small and micro cap companies. We utilise our market knowledge to provide creative financing solutions and strong after-market support. We build long term durable relationships with companies and investors, for the benefit of both. This long term approach, coupled with a high degree of selectivity, yields investments that outperform the market. more »



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