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Tag: Tembo

  • How Did The Tembo (TBGPF) Stock Rise 15%?

    How Did The Tembo (TBGPF) Stock Rise 15%?

    The shares of Tembo Gold Corp (OTCPINK: TBGPF) closed up 14.54 percent on Tuesday at $0.1245 and have traded between $0.1328 and $0.1116 in the session. Tembo stock gained over 10.18% last month, with an average monthly volume exceeding 22.01K shares. Following the announcement of positive preliminary results for a project, the price of TBPSF stock surged.

    How did TBGPF’s project do well?

    With a 100% stake in the Tembo Gold Project, Tembo is a Canada-based publicly-traded company engaged in mineral exploration and development. TBGPF is a company focused on gold exploration and development in Africa. The TBGPF team consists of highly experienced people with significant experience in developing, financing, and operating mining projects in Africa. TBGPF strives to discover new deposits as well as pursue additional prospects that can augment shareholder value.

    As part of its geological evaluation, Tembo this month announced the results of the first tests conducted in conjunction with GoldSpot Discoveries Corp. (“GoldSpot”). August 20th, 2020 marked the announcement of the collaboration agreement between TBGPF and GoldSpot.

    Using the technology of artificial intelligence computing and the broad experience and knowledge of their multidisciplinary team of geoscientists and data scientists, GoldSpot is re-interpreting the TBGPF data and providing structural targets for ongoing gold explorations in the Tembo project area.

    How is TBGPF progressing?

    In preparing a drilling program, Tembo (TBGPF) is focusing on creating detailed structural information regarding newly prioritized zones of mineralization. Based on a review of the lithological, structural, and assay data presented by this initial drill program, the TBGPF has recommended more comprehensive exploration activities, including geochemical and geophysical surveys.

  • Why VivoPower International PLC [VVPR] Could Sustain Upside Momentum on Monday

    Why VivoPower International PLC [VVPR] Could Sustain Upside Momentum on Monday

    VivoPower International PLC [NASDAQ: VVPR] announced yesterday that it has entered into a definitive agreement with Tembo e-LV to acquire 51% of its stock.

    The Netherlands based company Tembo e-LV that specializes in off-road vehicles and battery electric has a global footprint with distributors in four major continents. It currently services a range of sectors including infrastructure, mining, government utilities, humanitarian aid, and game safaris. The company provides customized off-road vehicles suitable for rugged terrains and light electric vehicles.

    VivoPower plans to part with USD$4.7 million for 51% and has the option of acquiring the remaining 49% hence controlling the entire company. This transaction is based on customary closing conditions that include funding mix requirements and capital structuring.

    VivoPower sees some potential in Tembo following Tembo’s financial reports in the fiscal ended December 31, 2019. Tembo had unaudited revenue of USD$2.3 million. VivoPower, using publicly available data estimates that the commercial fleet electric vehicles market could be in the range of $36 billion. This market presents lucrative opportunities, and this is considering that the market does not include the United States, South America, and Asia, meaning it could be even bigger.

    VivoPower’s Executive Chairman and CEO said that the company is looking forward to scaling up Tembo’s capacity to maximize its potential and enable it to increase its production capacity of rugged commercial fleet electrification solutions. VivoPower is focussed on providing these solutions to the infrastructure, mining, and global utilities but will soon diversify to other sectors. Currently, the two companies, VivoPower and Tembo have a combined customer base of 700. They could increase this if they venture into the US and Asia markets. Most of these clients are in infrastructure, utilities, and mining.

    Tembo founder and CEO, Frank Daans welcomed this merge saying that Tembo will now fulfil the pending demands from their customers since this move will scale up their capacity and improve efficiency, thus producing more at reduced costs. This will be possible considering that the two companies have already begun joint operations.

    This move adds to the company’s intrinsic value and with market optimism rising due to hopes of a stimulus package, buyers could rally into growth stocks short-term.

    About VivoPower

    VivoPower is an energy company specializing in battery technology, solar power, electric vehicles, and critical power services. The company’s main mandate is to provide sustainable power and energy solutions to its clients. The company has a global outlook with operations in the United States, the United Kingdom, Australia, and Canada.