2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
Original-Research: Eloro Resources Ltd. - von Sphene Capital GmbH
Einstufung von Sphene Capital GmbH zu Eloro Resources Ltd.
Unternehmen: Eloro Resources Ltd.
ISIN: CA2899003008
Anlass der Studie: Update Report
Empfehlung: Buy
seit: 23.05.2022
Kursziel: CAD 16,90 (bisher CAD 15,30)
Kursziel auf Sicht von: 24 Monate
Letzte Ratingänderung: -
Analyst: Peter Thilo Hasler
Eloro closes CAD 9.8m Bought Deal Financing
Shortly after Eloro Resources filed an updated technical report on the Iska Iska silver-tin polymetallic project in the Bolivian Potosi Department, the company announced that it closed a CAD 9.775m bought deal financing. With an immaculate 100% track record of holes drilled that intersected reportable mineralization, we reiterate our Buy rating for Eloro Resources and increase our fully diluted price target to CAD 16.90 from CAD 15.30 per share, derived from an in-situ valuation of Iska Iska's Santa Barbara Breccia Pipe.
Eloro Resources has closed a bought deal financing of 3,007,710 units of the company at a price of CAD 3.25 per unit. Each unit consists of one share and one-half of a warrant of the company. Each warrant entitles the holder to acquire an additional common share at a price of CAD 4.75 for a period of 24 months following the closing of the offering.
Gross proceeds of the bought deal underwritten by Cormark Securities are CAD 9.775m. The net proceeds of CAD 8.939m will be mainly used to carry out more drilling in the Santa Barbara area where after the recent discovery of extensive high-grade mineralization Eloro needs to fully define the mineralized zone for an estimation of an inaugural mineral resource for Iska Iska. In addition, recent drilling has indicated the potential for a significant tin porphyry in the Porco area which could become a second major discovery at Iska Iska, in our view.
After completing the remaining 4,628 metres of the current drilling program, most probably in June, Eloro says it will commence the recommended phase I work program set out in the Technical Report with an estimated completion date of October 2022e. The activities contemplated by this phase 1 program include 15,000 metres of additional drilling and the completion of a maiden mineral resource estimate for Iska Iska.
Die vollständige Analyse können Sie hier downloaden: http://www.more-ir.de/d/24261.pdf
Kontakt für Rückfragen
Peter Thilo Hasler, CEFA
+49 (89) 74443558/ +49 (152) 31764553
peter-thilo.hasler@sphene-capital.de
-------------------übermittelt durch die EQS Group AG.-------------------
Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw. Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
