Bw News

 15 December 2021 

Welcome...

 

And just like that… 2021 is almost over. Although we weren’t quite rid of conversations that centred around vaccines/face masks/restrictions/antibacterial gel, the year did give us some reasons to celebrate: there was greater diversity in this years’ Oscars, electric vehicles outsold diesel for the first time in Europe, a once dead coral reef in Indonesia was restored by researchers from the University of Exeter, music festivals were back, tampon tax was officially scrapped, Adelaide United player Josh Cavallo became the only current male professional footballer in the world to come out as gay and Britney Spears was freed from her conservatorship.

Blytheweigh also had reason to look back at the year fondly, having welcomed eight new clients to the Blytheweigh family and some new faces to the team (who we have now met, since returning to the office) to boot!

In the last Big Picture of 2021 we will look at the controversial F1 finale, a top Christmas TV pick and the best tried and tested recipes from the Blytheweigh team that will show even the biggest bread sauce and bloody Mary nay-sayers what they have been missing.  

If there’s anything we share in the Big Picture that you’d like to know more about, please get in touch by emailing info@blytheweigh.com or contact us on Twitter - @blytheweigh.

Industry Snapshot...

After 23 races in what has been tipped as one of the most gripping seasons in Formula One’s history, the conclusion came in the form of an explosive, controversial, and arguably manufactured final few minutes where Max Verstappen and Lewis Hamilton both had the title in arms reach. In the end it was Max that stood on the podium top spot enjoying a champagne-fight with Red Bull Team Principal (and husband of Ginger Spice, which isn’t relevant to the story but worth mentioning nonetheless) Christian Horner, but there has been a lot of controversy about how he got there.

Hamilton supporter or not, the general consensus from commentators is that, without the last-minute decision from race director, Michael Masi, to pull in the safety car immediately, and allow some lapped cars that Hamilton had spent time weaving around to overtake the safety car, and who bridged a gap between Hamilton and Verstappen, Mercedes were virtually guaranteed a win and Hamilton would have been celebrating his eighth world championship win. Although gripping, the controversy seemed a waste of what had been an exciting year of racing as well as a real opportunity to firmly bring in new fans of the sport following the hugely popular Netflix show, Drive to Survive.

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Also this month, Londoners did more of what Londoners love to do: complain. The subject of chagrin on this occasion was this years’ Christmas tree in Trafalgar Square, which was deemed by some on Twitter to be “spindly”, “ropey” and “half-dead”. The Squares’s Christmas tree has been  an annual gift since 1947 from Norway to thank Britain for its support during WW2 and is traditionally a Norway Spruce. Legitimately, the call to request for a replacement was turned down.

Something to really look forward to this festive season is the televised Harry Potter reunion which will be available to watch in the first couple of days of 2022 (which can only be an early sign of a better year to look forward to). The cast of the famous franchise, which includes Daniel Radcliffe, Rupert Grint, Emma Watson, Gary Oldman, Robbie Coltrane and others will join Chris Columbus, who directed the first two Potter films and produced the third, to discuss the films.

Blytheweigh zooms in… on our festive food inspiration 

There are some incredible Christmas songs out there (most of which can be found on the Love Actually soundtrack), new socks are a real treat, people generally seem in a better mood in December and inbox activity starts to wind down.However, as nice as all of that may be, everyone knows the best part of Christmas is the food. Everyone has their own highlights, but a special mention goes out to Ferrero Rochers that, wrapped in golden jackets, look down from their tinsel covered pedestal and laugh at all the drab year-round chocolates; bread sauce, which puzzlingly no one eats at any point during the year other than at Christmas (creamy carbs, what’s not to love?) and cranberry sauce, the sweet and sharp wingman that makes everything else taste better.

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The Blytheweigh team shared their ultimate festive recipes so that you can make the king of all bread sauces (courtesy of Alastair) and cure the brandy-fuelled hangover with the tried and tested bloody Mary à la Alice:

Alastair’s Christmas Stuffing:

 

1lb tin of chestnut puree

1.5lb pork sausage

1lb cooking apple, peeled, cored & finely chopped

1 medium onion

1 beaten egg

Salt & pepper to taste

 

Combine all ingredients (except the egg) together, once combined add the egg to bind it all together. Cook at 200C for 40mins.

 

His legendary bread sauce:

 

1 onion studded with 4-5 cloves, cut onion in half

0.5ltr milk

Nutmeg powder

Salt & pepper to taste

2 bay leaves

1 loaf white bread, remove crusts and cube the bread

Butter

 

Add milk, nutmeg, onion, salt & pepper, and bay leaves to a pot a simmer slowly. Once ready to eat remove the onion and bay leaves, add a knob of butter and mix, add the cubed bread to the mixture and mix in slowly.

 

 

Alice’s Bloody Mary (usually by the jug for Christmas heads on boxing day):

1ltr tomato juice (Big Tom is juice of choice in the McLaren household)
Juice of half a lemon (plus slices for garnishing)
1 tsp horseradish
100ml of vodka (or more, or less, depending on how strong you want it)
5-7 dashes Tabasco
4-5 dashes Lea Perrins

Combine all in a jug with lots of ice. Serve with lemon slices and sticks of celery (and some cornichons on toothpicks if you're feeling fancy).

Naomi’s tomato chutney:

1.8kg of tomatoes
1 large red onion
6 mild red chillies
450g caster sugar
Salt
300ml malt vinegar
 

Halve and chop the peeled tomatoes. Put in a large pan with all their juices with the red onion, red chillies, caster sugar, and 1tbsp salt, bring to the boil, and stir until the sugar has dissolved. Simmer for 1½ hours, then add the malt vinegar and bring back to the boil. Cook for approximately 30 minutes, stirring often, until the mixture is thick and pulpy and you can see the base of the pan when you draw a spoon through it.

 

Matt swears by this Jamie Oliver Toad in the Hole recipe:

https://www.jamieoliver.com/recipes/sausage-recipes/toad-in-the-hole/

 

Two gingerbread fanatics, Maddy and Sarah, would highly recommend these recipes:

https://www.bbc.co.uk/food/recipes/gingerbread_men_99096

https://www.bbcgoodfood.com/recipes/gingerbread-cake-caramel-biscuit-icing

A focus on... Pantheon Resources’ $96 million fundraise to finance its winter drilling programme in Alaska
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Following its impressive resource upgrade for Theta West earlier this year, Pantheon Resources has been working on securing funding to execute its winter drilling programme for its 100 per cent owned Alaskan North Slope assets.

Appetite for Pantheon and its projects was apparent as it successfully completed an oversubscribed financing round raising $96 million through a combination of convertible debt and equity, upscaled from the targeted $70 million (view release).

Now fully funded, Pantheon can commence its programme which includes drilling and testing two new wells at Theta West and Alkaid, as well as testing four zones at the Talitha #A well drilled last winter.

  1. Drilling rig on the Dalton Highway

Pantheon’s Theta West project is one of the largest recent onshore discoveries, targeting 2.1 billion barrels of oil in place and 1.41 billion barrels of recoverable oil. Alongside the remarkable discovery at Theta West is Talitha which is comprised of five stacked horizons forming a 3700 ft column of light crude oil. Due to Pantheon’s work over the past year analysing the Talitha #A well, valuable information has been gained, significantly de-risking the asset.

Not to be forgotten is Patheon’s first North Slope project, Alkaid, which targets a contingent resource of 76.5 million barrels of recoverable oil situated adjacent and underneath the Dalton Highway and Trans Alaska Pipeline. With the Alkaid-1 appraisal already drilled in 2019, Pantheon will return to perform a longer-term test which will include trucked oil sales, generating revenues.

With an active work programme ahead, Pantheon is looking forward to an exciting new year with plenty of resource upgrades. Commenting on the news, Jay Cheatham, CEO, said, "Raising up to $96 million through a combination of equity and convertible debt is a fantastic result, and the fact that the equity raise was substantially oversubscribed is a great show of confidence in our projects by both existing and new shareholders.”

Client Reel...
 

The following updates were released from Blytheweigh clients from 15 November – 15 December.

In advance of its Annual General Meeting, where four out of five resolutions were passed (view release), Amur Minerals [AIM: AMC] held a Shareholder Q&A (view release).

Further results from Arkle Resources’ [AIM: ARK] exploration programme at Mine River were announced highlighting that the Tombreen target continues to grow (view release).

After a busy few months, ATOME Energy, the green hydrogen and ammonia production company, announced that it will be listing on AIM on 30 December 2021 and successfully raised up to £9 million (view release). Upon listing, shareholders in President Energy, ATOME’s parent company, will receive a dividend in specie (view release).

ATOME also provided an update on its project in Iceland. Its subsidiary, Green Fuel, signed a memorandum of understanding with Haldor Topsoe, a green technology company, to identify efficient and scalable technologies for the production of green ammonia in Iceland (view release).

A virtual Investor Q&A was hosted by Beowulf Mining [AIM: BEM] at the beginning of this month (view release). This was followed by the release of Beowulf’s Q3 results (view release). Towards the end of the month the Company sent a letter to the Swedish Minister of Enterprise and Innovation, Karl-Petter Thorwaldsson, regarding the Kallak Iron Ore project’s application following positive comments on mining from the new Swedish Prime Minister (view release).

Beowulf rounded off a busy month by announcing its Finish subsidiary, Grafintec Oy, had signed a Joint Venture Heads of Terms with Epsilon Carbon’s subsidiary Epsilon Advanced Materials to establish an anode materials production facility in Finland (view release).

At the start of December Botswana Diamonds [AIM: BOD] released its annual results for the year ended 30th June 2021 (view release).

In the middle of November Bluejay Mining [AIM: JAY] released exciting news that its Dundas Ilmenite Project in Greenland appointed a premier European Investment Bank as leader arranger of the project financing for the project, as well as the appointment of Mr Peter Davies as Project Manager (view release).

The Company went on to provide an update to the Dundas project where the final bulk parcels from the pilot plant were being distributed and pilot plant material exceeded expected specification for commercial production. This update gives the Company confidence that large volumes of consistent and high quality Ilmenite concentrate can be produced at Dundas (view release).

Cornish Lithium finished November with a flurry of activity. They started with news that it had secured an £18 million funding package from the leading technology metals investment company, TechMet. This will allow Cornish Lithium to accelerate development of its project portfolio (view release). This funding packaged received shareholder approval at the end of the November (view release).

At the beginning of December, the Company announced a Maiden JORC Resource for its Trelavour lithium project, showing an inferred Mineral Resource of 51.7 million tonnes at 0.24% lithium oxide, a total of 122,400 tonnes of contain lithium oxide. Equating to 56,870 tonnes of contained lithium metal and 302,700 tonnes of contained lithium carbonate equivalent at a mine life of 15-20 years (view release).

Following Caledonia Mining’s [AIM: CMCL] listing on the Victoria Falls Stock Exchange and positive Zimbabwean investor response, Caledonia Mining decided to raise more funds than anticipated and issued 630,000 new shares (view release).

Condor Gold [AIM: CNR] released its unaudited financial results for Q3 (view release). At the end of November Condor Gold completed 2,551metres of geotechnical drilling for the upcoming feasibility study at the La India gold project (view release).

Assay results for Cornish Metals’ [AIM: CUSN] United Downs project intersected five parallel zones of high-grade copper/tin/silver mineralisation including 2.53 metres at 4.61% copper and 2.73 metres at 4.45% copper (view release). 

In December ECR Minerals [AIM: ECR] announcing it had two new exploration tenements in Victoria, Australia, which can provide a key step in developing its Creswick gold project interests by connecting Creswick and Ballarat East-Nerrina goldfield (view release).

European Metals Holdings (AIM: EMH) provided an update to its Cinovec project where the Life Cycle Assessment concluded that the project has the potential to produce low carbon lithium (view release).

At the end of November the Company held its Annual General Meeting where all resolutions were passed (view release).

Following on from last month’s announcement of a major investment by Grosvenor Resources Pty Limited, Ironveld [AIM: IRON] provided an update announcing the two parties remained in close regular contact regarding the closing of the transaction (view release).

Ionic Rare Earths [ASX: IXR] announced all resolutions were passed at its Annual General Meeting (view release). In December Ionic Rare Earths acquired the UK private company Seren Technologies, which has developed Rare Earth Element separation and refining technology using ionic liquids. This will further advance the Company’s plan to unlock additional value from the unique critical and heavy rare earth basket to be produced at Makuutu (view release).

Los Andes Copper [TSX-V: LA] began trading on the OTCQX under the symbol LSANF in November (view release). Following this the Company elected to issue common shares in satisfaction of US$5 million convertible debenture interest payment obligation with Queen’s Road Capital (view release).

Mkango Resources [AIM: MKA] announced that the rare earth magnet recycler, HyProMag Limited, had established a German Subsidiary to rollout commercialisation of Hydrogen Processing of Magnet Scrap technology into Germany and Europe (view release). At the end of November Mkango Resources announced its results for Q3 (view release).

Oriole Resources [AIM: ORR] provided an update on its Senala project where IAMGOLD completed its drilling programme on the Fare prospect and refocused the remainder of its Year 4 budget into further exploration at the prospect (view release). The Company later released an updated corporate presentation (view release).

In mid December Phoenix Copper [AIM: PXC] provided an update on its Empire Open Pit mine announcing three drill hole results including 18.3 metres of 0.61% copper and 12.8 grammes/tonne silver from the surface with 4.6 metres of 0.86% copper. The Company remains on course for Production with the feasibility study on schedule for Q2 2022 (view release).

This month has been an important and busy month for Q Khan, Hamro Plc and the Dambulla Giants. Following his attendance at the T20 World Cup in November, Q returned to the UK to attend the WhatHouse Awards where Hamro Plc were sponsoring the Best Retirement Developments award.

In early December the Lanka Premier League (LPL), a T20 Cricket league in Sri Lanka, began. Q, owner of the LPL franchise the Dambulla Giants, travelled to Sri Lanka for the season, to watch his team make their way to the playoff game and a chance to reach the final on the 23rd December.

At the end of November Walkabout Resources [ASX: WKT] held its Annual General Meeting where all resolutions were passed (view release). The Company later announced that the Tanzania Electrical Supply Company (“TANESCO”) committed to supplying grid power to the Lindi Jumbo Graphite project (view release).

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