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24May2021 Market Close: Bitcoin, Bullion, Big-Tech Soar As Dollar Drop Resumes, US Dollar 89.92, DOW Closes Up 186 Points, Nasdaq Up 1.4%, Bitcoin Higher 39200, Gold Steady 1883

Virgin Galactic stock jumps 28% in best day of the year after successful weekend spaceflight test (SPY +1.0%). Cryptocurrencies punch back, rise over 10% after Sunday sell-off. The Market in Perspective Here are the headlines moving the markets. Cement-Based Batteries Could Solve The Energy Storage Problem Researchers have developed a concept for a rechargeable battery based on cementa world-first such concept that they suggest could one day turn buildings into giant energy storage facilitie...
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Proactive weekly mining round-up: Anglo American PLC, Tharisa PLC, BlueRock Diamonds PLC ...

Some of the weeks mining company stories in brief Anglo American PLC (LON:AAL) said about US$380mln of rough diamonds were sold in De Beers Group’s fourth sales cycle of 2021, down about 16% from the preceding sale as a second wave of COVID-19 in India reduced rough diamond demand. Tharisa PLC (LON:THS), an integrated platinum and chrome producer, expects its earnings per share for the six months to end-March to be around six times higher than the corresponding interim period. Basic earnin...
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Challenger Energy Group PLC completes name change from Bahamas Petroleum Company PLC

The company said its shares began trading under the new name and ticker at 8am on Friday Challenger Energy Group PLC (LON:CEG) said it has completed its name change from Bahamas Petroleum Company PLC following the passing of all resolutions at an extraordinary general meeting on May 17. The company said investor shareholdings will be unaffected by the name change and the company’s shares began trading under its new name and ticker from 8am on Friday morning. "With the spud of the highly antic...
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Tlou Energy Limited ready to press on with power line construction says broker

Tlou Energy ready to press on with power line construction says broker "Tlou has clearly outlined its key objectives and we see excellent scope for important share price catalysts in the weeks and months ahead" Tlou Energy Ltd’s (LON:TLOU) house broker Shore Capital has published a revised net asset value estimate of 7.4p (20p) for the Botswana-based power group. "Our valuation nonetheless implies ~170% upside, so we see considerable running room if Tlou delivers anticipated news flow." The c...
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Pan African Resources PLC increases production guidance as Evander volumes improve

Pan African Resources increases production guidance as Evander volumes improve The miner noted a significant improvement in the Evander mine’s 8 Shaft pillar as it lifted guidance to 195,000 ounces of gold for the financial year. Pan African Resources PLC (LON:PAF) has increased its production guidance to 195,000 ounces of gold for the twelve months ending June 30. It marks an upgrade from prior guidance of 190,000 and it comes amidst what the company described as a “robust operational perf...
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