The Times: Oil has ticked higher in early trading in Asia, despite the Wall Street Journal reporting overnight that the Trump administration plans to announce as early as this week that multiple countries have agreed to form a coalition to escort ships through the Strait of Hormuz. A short while ago Brent crude was trading up 1.7 per cent at $104.9 a barrel. Asian equity markets were a fraction lower and gold was trading flat. Brent crude rose 11 per cent last week during a rollercoaster week which saw the benchmark trade as high as $118 a barrel and as low as $82 a barrel.
Comment: No one seems to believe that there will be a flotilla of allied ships being bombed / droned in the Strait of Hormuz, and the story that the US will move to be active in the oil futures markets also does not seem to have bitten either. On a separate note, given that we only apparently produce a latte’s worth of North Sea oil these days (in order to bankrupt the country) should Brent even be a thing anymore?
Wishbone Gold (WSBN) provided an exploration update from its Red Setter Project in the Paterson Province of Western Australia, located 20km south-west of Greatland Gold Plc’s (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd’s (ASX: CYM) Nifty copper mine. Results from the Company’s 2025 drilling campaign confirm the presence of gold and copper mineralisation within the Red Setter diorite trend, which extends for approximately 4 kilometres. These assay results further support the potential for the project to host a large-scale mineralised system within one of Australia’s most prospective gold-copper provinces.
Comment: Although the company does not talk to me anymore, since it hit the big time, it is nevertheless pleasing to see the progress being made. Presumably, this progress will feed through to the share price which has rather stalled since the beginning of the year, presumably partly because the company does not talk to me anymore. Interesting that the stock is down nearly 25% in initial trading today, despite the good news.
The directors of Physiomics plc (PYC) announced that at 2114h on 13 March 2026 they received a request submitted pursuant to section 303 of the Companies Act 2006 requiring the Board to convene a general meeting of the Company’s shareholders (the “GM Request”). The GM Request was accompanied by a shareholder statement submitted pursuant to section 314 of the Act.
Comment: Presumably this is an EGM, with the excitement being that the current board is being requisitioned by Mike Whitlow (Doc Holiday) who is on 13.68%. If successful, and if PYC is not able to gerrymander the vote like most companies do, then the board would be replaced. It has to be said that the transformation of Doc from gamekeeper to poacher (or is it the other way around) is very satisfying. Viva Los Rebeldes!
Harena Rare Earths (HREE) has entered into an Exclusivity Agreement to potentially acquire Paradigm Critical Minerals Limited, which holds heavy rare earth and uranium exploration assets in San Bernardino County, California. This move aligns with Harena’s strategy to support the U.S. Government’s critical minerals initiative, complementing its existing Ampasindava Project in Madagascar. The California assets, located near MP Materials’ Mountain Pass Mine, have shown encouraging historical drilling results, with potential for significant rare earth mineralization and uranium deposits, including intercepts of 30.3 metres at 0.37% U₃O₈e and grab samples assaying up to approximately 2.0% TREO.
Comment: It is always interesting when a company with a world class, world beating, all bells and whistles asset, then goes for buying into another one, even though it does not apparently need to. Presumably HREE thinks it is picking up a bargain, at the top of the market.
Avacta Therapeutics (AVCT), a clinical stage biopharmaceutical company developing pre|CISION®, a tumor-activated oncology delivery platform, today announced the opening of the Phase 1 trial of FAP-Exd (AVA6103), the Company’s second clinical program and the first sustained-release pre|CISION® peptide drug conjugate. FAP-Exd (AVA6103) is a fibroblast activation protein (FAP)-released version of exatecan, a highly potent topoisomerase I inhibitor.
Comment: Shares of AVCT have already had a decent run up ahead of today’s news and recent constructive sounding news. It will be interesting to see whether the stock can fulfil our technical goal of staying above 68p mid close in order to achieve 90p by the end of next month. Perhaps not as easy as it should be.
Huddled Group plc (HUD), the circular economy e-commerce group, announced that Martin Higginson (Executive Chairman) will be attending and presenting with Q&A at the Yellowstone Advisory Private Investor Evening from 5.30pm to 8.00pm on Wednesday, 18 March 2026. The event is being held at 25 Charterhouse Square, London EC1M 6AE and investors can register for the event here. If you have any questions about the evening please email info@yellowstoneadvisory.com
Comment: It is good to know that up and coming company HUD is to attend the Yellowstone event, although it has to be admitted that all one currently knows about Yellowstone is that it is the National Park that Jellystone National Park was based on, where Yogi Bear and his side kick Boo-Boo used to steal picnic baskets.
Metals One (MET1), a critical and precious metals project developer and investor, announced it was approached to sell, and has completed the sale of, a block of 7,000,000 shares in CleanTech Lithium (CTL) for £0.910 million representing approximately a 159% profit on the Company’s weighted average share purchase price. Metals One’s made its first investment in CleanTech Lithium in August 2025. Following the sale, Metals One holds 5,850,000 shares in CleanTech Lithium, representing approximately 2.88% of CleanTech Lithium’s issued share capital, in addition to 20,000,000 warrants with an exercise price of 6 pence expiring in August 2030 (CleanTech Lithium share price as at market close on 13 March 2026: 11.75p).
Comment: After just announcing that it had made 173% on flipping its holding in Fulcrum Metals (FMET) last week, we hear that MET1 has made 159% in CTL. This is an impressive feat, although perhaps MET1 should remember that no one likes a smart arse.
Zinc Media Group (ZIN), the television and content production group, today announced that the BBC has commissioned two major geopolitical documentary series from its award-winning factual label, Brook Lapping. Brexit: How Britain Voted Out (working title) marks the tenth anniversary of the UK’s vote to leave the European Union. The documentary tells the inside story of the 2016 referendum and the political events leading up to the vote. In the classic Brook Lapping style, the series features first-hand accounts from those directly involved in the campaign, including David Cameron, Boris Johnson, Nigel Farage, Michael Gove, George Osborne and Gordon Brown.
Comment: Clearly, despite losing license fee payers by the truckload, there is always plenty of cash left for the BBC’s woke / lefty agenda via a new propaganda initiative. Interesting that all the Liberal Metropolitan Elite will be available for comment – sorry Nigel. Remember that ZIN is “a trusted producer of premium factual content for leading broadcasters”
Further to the announcement of 6 March 2026, the Board of Satsuma (SATS) has held further discussions with Shareholders with respect to the two remaining Resolutions that are capable of being put to the Requisitioned General Meeting convened for 10:00 a.m. on 19 March 2026. In light of these discussions and the intention of the Board to appoint the two proposed Directors to the Board as Non-Executive Directors (which is explained further in this announcement), the Board intends for the Chairman to adjourn the Requisitioned General Meeting until further notice (sine die), without the Resolutions being put to the meeting for voting.
Comment: Unlike other companies one could care to mention, it is interesting that the SATS board has actually listened / is listening to shareholders, rather than making pie in the sky promises, or gerrymandering the vote.
Ajax (AQSE: AJAX) the natural resources investment company, announced that its CEO, Ippolito Ingo Cattaneo, and Director, Richard Heywood, have both purchased additional ordinary shares. Mr Cattaneo has purchased 123,840 Ordinary Shares and his total interest is now 19,526,017 Ordinary Shares, equivalent to 16.28% of the issued Ordinary Shares. Mr Heywood has purchased 33,172 Ordinary Shares and his total interest is now 2,726,478 Ordinary Shares, equivalent to 2.37% of the issued Ordinary Shares.
Comment: It seems like hardly a day goes by when there is either deal making news, or a director share purchase. Today we have the latter and look forward to more of the former in quick time.
Kendrick Resources Plc (KEN), the mineral exploration and development company, announced receipt of rare earth element (“REE”) assay results for a drill hole completed by Bonya Exploration Pty Namibia (“Bonya”) at the Bonya rare earth project. The hole was drilled on the Teufelskuppe rare earth carbonatite target TK1A and drill core had not been assayed at the time of Kendrick’s acquisition. Assays have significantly exceeded expectations with drill intercepts over notable mineralised widths and at grades that continue to place the Bonya carbonatite complexes at Teufelskuppe and Keishohe amongst the best rare earth projects worldwide, including those in both the exploration phase and operating mines.
Comment: Although everyone and their mother has been showboating (or simply showing off regarding) the rise and rise of KEN this year, we all know that the journey to greatness started here at Zaks Traders Café, with the interview and charting targets.
BWA (AQSE:BWAP), the mining investment company with licences in Cameroon and Canada, announced that the Company’s Non-Executive Director, John Byfield, has purchased further shares in the Company. Mr Byfield has purchased 2,218,493 ordinary shares of 0.5p each. Mr Byfield now holds a total of 19,541,135 Ordinary Shares (including those held by his wife, Lyn), equivalent to 2.01% of the Ordinary Shares in issue.
Comment: Just to underline that the RNS Hotlist is the most comprehensive and forward-looking run down of the stock market, the BWA announcement is mentioned here today. One hopes that John’s Mrs is very happy with the latest purchase.
System1 (SYS1) www.system1group.com the marketing decision-making platform is pleased to provide an update on trading for the financial year ending 31 March 2026 and the outlook for FY27. The Company has continued to trade strongly in the final quarter and, as a result, expects to report record H2 revenue and a performance for FY26 in line with guidance. The strong level of new business wins secured throughout FY26 and particularly in the final quarter, provide a positive outlook for FY27.
Comment: An Oscar winning update from SYS1 today, made all the more sweet by the way that we have been on the trail of a share price turnaround in the recent past from a charting perspective. I would like to thank my mother, my god, and free people who would have me in chains. Oh yes, and while above recent broken resistance at 235p, the 200 day moving average zone at 300p is a decent 1-2 months timeframe target.
