ollowing an interesting and very lively debate with our presenters from the technology sector, it is our pleasure to invite you to Proactive’s next event, which will focus on the progress being made in the natural resources sector.
We will be showcasing Zanaga Iron Ore (LON:ZIOC) - one of the AIM market’s star performers, Leni Gas & Oil(LON:LGO) - an oiler whose story is gaining traction with the market, and Patagonia Gold (LON:PGD) and Chaarat Gold (LON:CGH) - two gold stocks that have started to deliver for investors in the last three months.
The event is at the Chesterfield, Mayfair, at 6pm next Thursday (October 10).
It is already shaping up to be a very popular event, so register HERE to avoid disappointment.
Zanaga Iron Ore has been one of the top performing AIM stocks of the past couple of months.
The shares have been boosted by the news that the revised development plan for its huge project in the Republic of Congo will mean lower capital expenditure and the potential to use existing infrastructure.
Partner Glencore Xstrata is funding the programme, while Zanaga will contribute US$17mln – which shouldn’t be a problem given that it ended June with more than US$35mln of cash in the bank.
A feasibility study is underway with the aim of ramping up the project in stages to a 30 million tonnes a year operation.
If you’re concerned about the newly merged mining giant walking away from the project early, don’t be. GlencoreXstrata has committed to completing the revised feasibility study by the second quarter of 2014, while the new supplemental agreement also extends the work programme up to December of next year.
Leni Gas and Oil is a company on the move. Founded in 2006, it is pursuing a strategy of investing in a relatively small number of assets where it can apply its resources most effectively.
The group recently pulled off a "transformational" deal in Trinidad that will see it paying substantially lower royalties on the Goudron field in exchange for drilling ten more development wells and an exploration well.
Its decision to focus on Trinidad appears to be paying off, with the company seeing a 50% boost to oil production in the first half of 2013.
Meanwhile, its seemingly ubiquitous executive chairman, David Lenigas, heads a vastly experienced team that includes chief executive officer Neil Ritson, the former CEO of Regal Petroleum (LON:RPT), and chief operating officer Fergus Jenkins, who has worked for the likes of Enterprise Oil, LASMO and Afren (LON:AFR).
Patagonia Gold, as the name suggests, is a gold miner operating in the Patagonia region of Argentina. The company has mineral rights to more than 220 properties in several provinces of Argentina and Chile, but its main area of operations is the province of Santa Cruz.
Patagonia Gold has a number of advanced exploration projects in this mining-friendly area, but is currently concentrating exploration efforts on three distinct property blocks: El Tranquilo, La Manchuria and La Paloma.
El Tranquilo hosts the company’s flagship Cap-Oeste gold and silver project, and the Cap-Oeste South East (COSE) project. The company is currently assessing the viability of combining the development of the two, which could lead to significant reductions in operational and capital costs.
La Manchuria is the other asset to have been hitting the headlines lately, with the company opting to fast-track development after additional sampling and metallurgy work confirmed the potential for an open pit operation.
But those who put a few quid into the company three months ago will be in the money as the shares have jumped almost 40% since the start of July.
The reason behind that share price rise is the interest from China’s Shandong Gold, which has repeated its interest in the company’s flagship project after a recent site visit.
Talks about Shandong taking a stake in the gold mine were halted in March due to a change of management at the Chinese firm, but it looks as though things might be back on track.
Numis Securities was wowed by the project at its site visit, and has turned its attention to results of the definitive feasibility study (DFS) over the coming year, which will give an idea of how the project is shaping up.
Please join us at 5:45pm to to allow for a prompt 6pm start. Each company has around half an hour to give a short presentation and for Q&A.
This will be followed by the 'Champagne Raffle' where six lucky guests will win a bottle each.
The evening will end with a complimentary bar with canapes, giving you the opportunity to speak with the directors and other investors.