Xceed Resources kicks off drilling at Bankfontein in the highly prospective...
Xceed Resources (ASX: XCD) has begun drilling at the Bankfontein thermal coal project in South Africa, a project the company is working towards earning a 70% interest in. Drill rigs were mobilised to...
View ArticleXceed Resources: developing thermal coal projects in South Africa, rated a...
Xceed Resources (ASX: XCD) has received a buy recommendation from a UK based broker, which has reiterated a target price of $0.22, which is well above the last traded price of $0.13.The following is an...
View ArticleXceed Resources: Moabsvelden Bankable Feasibility Study delivers IRR of 60%
A Bankable Feasibility Study for the Moabsvelden Thermal Coal Project has proven the project’s economic viability with an IRR of 60% and NPV of A$92 million post tax. Importantly, Xceed has received...
View ArticleXceed Resources on the road to first coal sales at Moabsvelden
Xceed Resources (ASX: XCD) is anticipating first deliveries from its Moabsvelden Thermal Coal Project in South Africa in the March quarter of 2013.Providing upside to the project, is that Xceed has...
View ArticleXceed Resources valued at more than double by broker on the back of...
The completion of the Bankable Feasibility Study confirming the viability of the Moabsvelden Thermal Coal Project has earned Xceed Resources a price target of more than double its current share price...
View ArticleXceed Resources: broker increases target price to A$0.25 on de risking of...
A broker has increased its price target on Xceed to A$0.25 and offered a buy recommendation as a result of Bankable Feasibility Study results that significantly de-risk the company’s Moabsvelden Coal...
View ArticleXceed Resources: broker increases price target to double current share price
Xceed Resources (ASX: XCD) has received an increased price valuation of A$0.33, double its current share price, in a broker update following the release of its March quarter results. Speculative Buy...
View ArticleXceed Resources gains key investments from Thebe Mining Resources
Thebe Mining Resources is a subsidiary of Thebe Investment Corporation a leading South African investment management company with R5.5 billion of assets under management. The cornerstone investment...
View ArticleXceed Resources: Old Park Lane Capital recommends BUY and $0.25 share price...
Xceed Resources' Moabsvelden is now “firmly on the front foot”, according to U.K. broker Old Park Lane Capital, following a recent major restructuring event involving the signing of an MOU with...
View ArticleXceed Resources’ institutional shareholder to purchase unmarketable parcels...
Xceed Resources (ASX: XCD) has established a sale facility for unmarketable parcels of shares, under which institutional investor Fleming SG Capital Special Opportunities has agreed to purchase the...
View ArticleXceed Resources advances Bankfontein and Moabsvelden coal projects
Xceed Resources has updated the market today on the company's Bankfontein project in the Ermelo coalfield of South Africa, along with details of project financing for Moabsvelden - where the company...
View ArticleXceed Resources is worth A$0.25 a share according to Old Park Lane
The A$0.25 price target for Xceed from UK broker Old Park Lane is three-and-a-half times the last traded price. The broker said Xceed is hurtling towards cash flow, and with A$7m in the bank, the stock...
View ArticleXceed Resources tidies up share register
Xceed Resources (ASX: XCD) has closed the previously established sale facility for unmarketable parcels of shares, under which institutional investor Fleming SG Capital Special Opportunities has agreed...
View ArticleXceed Resources executes ZAR65m investment from Thebe Mining for Moabsvelden
Xceed has achieved another milestone on the path to production from Moabsvelden which remains on track for production in 2013, after formalising a ZAR65 million (around A$7.5 million) investment by...
View ArticleXceed Resources attracts share price target of A$0.25 from UK broker
Xceed Resources’ strong finish to 2012 has earned it a Buy recommendation and a share price target of A$0.25, three times its current share price of $0.08, from UK broker Old Park Lane Capital.
View ArticleXceed Resources to provide update on financing for Moabsvelden project
Xceed Resources (ASX: XCD) is preparing to provide an update regarding the financing of the development of the Moabsvelden project, with the ASX granting the company a trading halt today - with its...
View ArticleXceed Resources secures project finance for Moabsvelden thermal coal project
Xceed has attracted South Africa’s largest financial institution - Standard Bank - to provide financing for Moabsvelden thermal coal project. These funds, along with previously secured investment by...
View ArticleXceed Resources gains increased share price target from Old Park Lane
UK broker Old Park Lane Capital continues to rate Xceed Resources a buy and has now increased its share price target to $0.30, which is close to three times the last traded price of $0.11. The broker...
View ArticleXceed Resources chairman buys shares on market
Xceed Resources (ASX: XCD) chairman Patrick O’Connor has increased his stake in the company, acquiring 200,000 shares in on market trade.He paid $24,000 for the shares, or an average price of...
View ArticleXceed Resources director increases shareholding on market
Xceed Resources (ASX: XCD) finance director Stephen Belben has increased his stake in the company with the acquisition of 179,295 shares on the market.He paid $18,825.98 for the shares, or an average...
View ArticleXceed Resources to reveal regulatory approval for Moabsvelden thermal coal...
Xceed Resources (ASX: XCD) is in pre-open this following the ASX granting the company a trading pending regulatory approval for the company's Moabsvelden thermal coal in South Africa.Moabsvelden is...
View ArticleXceed Resources granted mining right for Moabsvelden thermal coal project
Xceed has achieved another milestone on the road to production at Moabsvelden after being granted a mining right. The project is strategically placed to have a competitive cost advantage over rival...
View ArticleXceed Resources receives Buy Rating, $0.30 price target
U.K broker Old Park Lane Capital has a Buy Recommendation on Xceed Resources with a target price of $0.30, which is over three times the last traded price of $0.09. The broker said that the recently...
View ArticleXceed Resources directors increase stakes following conversion of performance...
Xceed Resources (ASX: XCD) managing director Ian Culbert and finance director Stephen Belben have increased their stakes in the company to 26.69% and 8.97% from 21.44% and 7.51% respectively.This...
View ArticleXceed Resources substantial shareholder moves to 8.85% stake
Xceed Resources (ASX: XCD) substantial shareholder - Dow Super Pty Ltd and Dhow Nominees Pty Ltd - has increased its stake in the company to 8.85% from 7.52% following the recent conversion of...
View ArticleXceed Resources to reveal 'corporate transaction'
Xceed Resources (ASX: XCD) has advised that it is in discussions with a third party regarding a proposal which, if it were to proceed, could result in a corporate transaction involving the company.The...
View ArticleXceed Resources receives cash takeover offer
Xceed Resources (ASX: XCD) is preparing to release details of a cash takeover offer for the company and has been granted an ASX trading halt.The halt will last until the earlier of an announcement...
View ArticleXceed Resources receives cash offer from Keaton Energy
Xceed Resources has received a cash offer of $0.14 per share from Keaton Energy Holdings (JSE: KEH) which follows an unsolicited approach made by Keaton which owns and operates the neighbouring...
View ArticleXceed Resources lands environmental nod for Moabsvelden thermal coal project
With two of the three key licences now in place, the company is now waiting on the Integrated Water Usage Licence before it can proceed with its development. First production is targeted for mid-2014.
View ArticleXceed Resources' in pre-open, pending scheme meeting outcome
Xceed Resources (ASX: XCD) has been granted a trading halt by the ASX with its shares placed in pre-open, pending the outcome of a scheme meeting today.During the December quarter 2013 Xceed focused...
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