Capital Metals (CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka, said it will host a live webcast and Q&A with Executive Chairman, Greg Martyr, regarding the Company’s reduced capex plan for Stage 1 production, leveraging the benefits of high grades for simpler mining. The webcast will be conducted on Friday, 6 December 2024 at 11 a.m. GMT. https://www.investormeetcompany.com/capital-metals-plc/register-investor
Comment: CMET is pushing forward with new zest after yesterday’s well received revelation that the company’s significant CAPEX reduction for Stage 1 Production.
Ananda Developments (AQSE: ANA), a Company focused on the development of cannabidiol (CBD) based therapies for the treatment of a range of complex inflammatory pain conditions, announce that its MRX1 CBD drug candidate has successfully passed through a number of critical drug stability timepoints ahead of its use in two Phase II and one Phase I clinical studies.
Comment: Recent director buying, ongoing validation from the medical establishment, has already given ANA a serious pharma look. Today’s progress for its flagship MRX1 asset adds to the momentum here, and should start to be reflected in the share price.
Coinsilium Group (AQSE: COIN), the Web3 advisor, venture builder, and investor, is announced that it has entered into a Strategic Advisory Services agreement with TAND3M.io, a decentralised digital token launchpad built on the TON blockchain, in partnership with the Web3 Tool Suite provider Liteflow, as part of the Coinsilium-Liteflow startup initiative, to identify and support the next generation of leading Web3 projects, as announced 2 July 2024.
Comment: Shares of COIN have more than tripled this autumn off the back of the surge in cryptocurrency. That said, it is still the case that there is as much to like about the company with regard to its Web3 ventures, such as the latest initiative.
Ondo InsurTech (ONDO), the London-listed leader in claims prevention technology for home insurers, announced its unaudited results for the six-month period ended 30 September 2024. Revenue grew by 42% to £1.7 million for the six-month period ended 30 September 2024 (H1 2023: £1.2 million). £0.9 million from recurring Software and Services 27% growth over 2023 (H1 2023: £0.7 million). EBITDA loss of £2.4 million (H1 2023: loss £1 million).
Comment: Recent US expansion and upgraded capacity should ensure that the latest results are the last of the growing pains variety for this well backed prospect amongst the fintwit great and good.
Greatland (GGP) announced that it has executed a full form facility agreement and related documentation with ANZ, HSBC and ING (the Syndicated Facility Agreement), establishing the Debt Facilities. Satisfaction of customary conditions precedent and financial close of the Debt Facilities is targeted in December 2024 following Acquisition completion, after which Greatland will be able to draw down the Debt Facilities. The conditions to financial close must be satisfied by 5 February 2025.
Comment: It would appear that GGP will soon be in the money, something which is belatedly filtering through to the share price. The key barrier to greatness remains a break of 8p key resistance.
Cadence Minerals (KDNC), the AIM-quoted investment company, is pleased to announce an updated PFS on the Amapá Iron Ore Project in northern Brazil. A 73% increase of post-tax NPV to US$1.97 billion and 56% IRR. Average annual free cash flow from start-up to closure is estimated to be US$342 million. The Project is estimated to generate a total of US$9 billion in gross revenues, US$4.9 billion in net operating profit and US$4.6 billion in free cash flow over its 15-year mine life.
Comment: On many occasions one wonders what would be enough to move the share price dial for KDNC. Today’s update is certainly something which should focus minds in a positive way.
Mast Energy Developments (MAST) announce an update regarding its Pyebridge flexible generation asset, the highlights and details of which are outlined below. Preliminary trading revenue for November 2024 of c. £58,000 before receipt of Embedded Benefits; Final trading revenue tally for October 2024 increased by 11% to c. £72,000 (up from c. £65k previously reported) following receipt of Embedded Benefits.
Comment: Although the revenues here are not quite FTSE 100 material, it has been clear for a while that MAST has been turning the corner. And of course, everyone loves an Embedded Benefit.
Kavango Resources (KAV), the Southern Africa focussed metals exploration company, announced its first multi-element assay results have identified significant concentrations of tungsten and other strategic elements across the Hillside Project in Matabeleland, southern Zimbabwe.
Comment: Shares of KAV have slipped since September’s CLN news, and will require more news such as today’s progress in order to get on the right side of 1p.
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