Tiger Royalties and Investments (TIR) is an “investing company” under the AIM Rules for Companies The Directors of the Company confirm that the Company has on 19 December 2024 signed a conditional sale and purchase agreement to acquire the entire issued share capital of Bixby Technology Inc from Toro Consulting Limited (a company beneficially owned by Jonathan Bixby) for £325,000. The Company has, conditional on the closing of the Acquisition and the approval of shareholders of the necessary authorities to allot ordinary shares in the Company free from pre-emption, raised £3,000,000 before expenses at 0.1 pence per Ordinary Share.
Comment: To succeed on what is left of the London stock market these days small caps have to pull rabbits out of hats and climb mountains simultaneously. This is what the latest deal from TIR represents, and the addition of a tech angle should be a strong catalyst for the company.
Georgina Energy (GEX) provided an operational update, highlighting progress at its flagship projects Hussar EP513 and Mt Winter EPA155, as well as advancements in additional targets and the ongoing scoping study. GEX said this has been a busy and productive period for Georgina as we focus on multiple workstreams to fulfil obligations for both Hussar & Mt Winter. We have achieved a successful outcome at Mt Winter and successfully completed a preliminary site visit in support of the drilling approval for Hussar. Despite challenges from severe weather, we continue our efforts to unlock the significant value potential of our assets.
Comment: All that GEX has needed to do to quell the spurious bearish comments regarding the company is to adopt a business as usual approach, highlighting the operational progress, something which it has done once again today.
Tap Global Group Plc (AQSE: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announced its financial results for the year ended 30 June 2024. Revenues up 31.2% to £2.65 million compared to Group revenues in the prior year. Revenues up 5.6% compared to Tap Global Limited revenues in the prior year. Strong gross profit margin of 58%.
Comment: If we had been asked where we would have thought TAP shares would be at the end of 2024 if Bitcoin was $100k, the answer would have been 5p, or even 10p. This compares with the reality of 2p.
Mobile Streams (MOS) presented its audited accounts for the financial year ended 30 June 2024. In the year to 30 June 2024 Mobile Streams made substantial progress in the transition of its business from the sale of legacy products to new product offerings especially the entry into the Mexican sports betting market and media market. As a result of this progress the company continues to believe that due to the growing revenues from BET, in December we will reach our target as announced via RNS on 25 March 2024, to obtain operational profitability on a monthly basis in 2024.
Comment: MOS has been one of the small cap highlights of the year. Ironically it has achieved this largely by not raising cash from the market, when the market was expecting it too. It will help as well that the company gets to its monthly operational profitability goal as soon as possible.
Celadon Pharmaceuticals (CEL), a UK-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines, updated on its financial position. As at close on 19 December 2024, £250k of the £500k due has been received, meaning £250k remains outstanding. This receipt, along with the subscription proceeds received in early December, expected customer receipts and continuing to work with creditors, gives the Company sufficient working capital through to February 2025, extending to March 2025 as and when the additional £250k is received.
Comment: CEL keeps the wolf from the door, although it still has the elephant in the room issue of what the eventual outcome for the business will be, even if all its ships come in.
ECR Minerals (ECR), the exploration and development company focused on gold in Australia, provide an update on its recently concluded diamond drilling campaign at the Duke of Cornwall Prospect within the Tambo Gold Project in Victoria, Australia including the results from Drill Holes DOCD001 and DOCD005.
Comment: After the “surprise” £950,000 fundraise earlier in the month which no one saw coming, it may take a while to regain investor confidence, this is even if Tambo turns out to be the new El Dorado.
Ananda (AQSE: ANA), a Company focused on the development of cannabinoid therapies for the treatment of a range of complex conditions, is pleased to announce that it has changed its name to ANANDA PHARMA plc. ANA said this name change confirms our drive to bring licensed cannabinoid medicines to patients. We believe the best way to support patients in need and to deliver strong returns to our shareholders is via our continued commitment to the biopharmaceutical drug development pathway. The new name, Ananda Pharma, reflects this ambition.
Comment: The change of name to Ananda Pharma is not only a more grown up sounding move, but underlines the way that ANA has already moved from being a good concept, to being a reality in terms of providing licensed cannabinoid medicines.
Andrada Mining (ATM), a critical raw materials producer with a portfolio of mining and exploration assets in Namibia, provided an operational update for the third quarter of the 2025 financial year ended 30 November 2024. 5% Year-on-Year increase in ore processed. Q3 FY2025 to 239 240 tonnes (Q3 FY2024: 228 234 tonnes). 15% YoY increase in contained tin production. Q3 FY2025 to 232 tonnes (Q3 FY2024 : 202 tonnes).
Comment: ATM remains a decent and scalable multi-pronged producer, something which the market continues to underappreciate, ironically as it is a one of a kind on the London market.
Ascent Resources (AST) announced it has acquired a 49% interest in American Helium LLC’s Utah and Colorado upstream acreage which includes direct interests in a proportionate share of 119,000 acres of helium rich oil and gas licenses across the two states. The Company has acquired this position for a total consideration of US$2.0 million which is to be satisfied via payment of US$1.75 million in new Ascent shares issued at 5 pence per new share as well as US$0.25million in cash.
Comment: A decent move by AST, and one that could get the company out of its historical rinse / repeat pattern typical of so many of its peers, and on to being a serious little company with its new strategy.
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