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Equity Bottom-Up

<p>Deutsche Rohstoff (DRAG) generated group sales of &euro;32.1m and EBITDA of &euro;23.5m in H117, significantly de-risking consensus full year forecasts, which imply 600% revenue growth in 2017. Sales are to be further enhanced in the coming months with a planned 50-well drilling programme across Cub Creek, Elster and Salt Creek. DRAG&rsquo;s metals and mining investments saw a strong recovery during the first half of 2017, underpinned by a strong rise in the price of zinc, copper and a number of rare earth commodities.</p>

Deutsche Rohstoff (DRAG) generated group sales of &euro;32.1m and EBITDA of &euro;23.5m in H117, significantly de-risking consensus full year forecasts, which imply 600% revenue growth in 2017. Sales are to be further enhanced in the coming months with a planned 50-well drilling programme across Cub Creek, Elster and Salt Creek. DRAG&rsquo;s metals and mining investments saw a strong recovery during the first half of 2017, underpinned by a strong rise in the price of zinc, copper and a number of rare earth commodities.

<p>Deutsche Rohstoff (DRAG) has a track record of shareholder value creation through timely investments in the resources sector across a range of commodities and geographies. The company&#8217;s investment in Tekton Energy, for example, generated a 365% return on equity over three years. DRAG&#8217;s current focus is on the development of oil and gas opportunities onshore US. Management expects to make strong returns on investment, drilling unconventional acreage in the Williston Basin and the Wattenberg field, while also using the company&#8217;s balance sheet to acquire additional assets. Future returns will be susceptible to management&#8217;s ability to anticipate commodity price cycles, structure transactions and exploit acquired assets. </p>

Deutsche Rohstoff (DRAG) has a track record of shareholder value creation through timely investments in the resources sector across a range of commodities and geographies. The company&#8217;s investment in Tekton Energy, for example, generated a 365% return on equity over three years. DRAG&#8217;s current focus is on the development of oil and gas opportunities onshore US. Management expects to make strong returns on investment, drilling unconventional acreage in the Williston Basin and the Wattenberg field, while also using the company&#8217;s balance sheet to acquire additional assets. Future returns will be susceptible to management&#8217;s ability to anticipate commodity price cycles, structure transactions and exploit acquired assets. 

Germany

Deutsche Rohstoff AG is a diversified mining company. The Company develops, mines, and explores natural resource deposits in parts of the world. Deutsche Rohstoff primarily focuses on gold, and oil and gas production.

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Deutsche Rohstoff AG (DR0 GY)

Material ramp-up in production in H2

Deutsche Rohstoff (DRAG) generated group sales of €32.1m and EBITDA of €23.5m in H117, significantly de-risking consensus full year forecasts,...

Edison Investment Research

Track record of value creation

Deutsche Rohstoff (DRAG) has a track record of shareholder value creation through timely investments in the resources sector across a range of...

Edison Investment Research

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