Ferrexpo (FXPO) said that today marks one thousand days since the full-scale invasion of Ukraine. It noted that the world is entering an era of broader geopolitical uncertainty, as old conflicts reignite. During this time of heightened global tensions, today’s anniversary rightly refocuses the spotlight back on Ukraine, and the resilience and commitment of the Ukrainian people, as hopes grow for an end to the war. At present, 709 of its colleagues are in the Armed Forces of Ukraine, seven of whom are female.
Comment: To have this totally preventable war in the 21st century remains one of the horrors of our time. Of course, there is money in the war, and then money in rebuilding. Politicians stay in power longer while conflict continues, and then have their names forever in the history books.
Guardian Metal Resources (GMET), a mineral exploration company focused on tungsten within Nevada, USA. On 16 November 2024 Nikkei Asia , a Japan headquartered news company which is the sister company of the Financial Times, reported that, ‘China plans to tighten export controls on key “dual-use” technologies and items in two weeks, including raw materials and metals such as tungsten, graphite, magnesium and aluminium alloys used commonly in tech supply chains.’
Comment: The main bull premise for GMET when it came to market was to establish US critical metal security, an issue that is clearly heating up currently.
Pulsar Helium Inc. (PLSR), the helium project development company, announced that its President & CEO Thomas Abraham-James will be presenting at today’s AJ Bell / Shares investor event webinar at 18:00 GMT. To register for free, please access this link: https://www.sharesmagazine.co.uk/events/event/shares-investor-webinar-18-november-181124
Comment: PLSR is clearly looking to finesse its recent steady start on the London market, especially since it already has its big helium discovery under its belt.
Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap between traditional finance and blockchain technology, announce the appointment of Peter George Wall as Non-Executive Chairman of the Company with immediate effect. On 15 November 2024, Peter Wall was appointed as Strategic Adviser to the Company. Due diligence on Peter has subsequently been satisfactorily completed and the Company welcomes him in his capacity as Non-Executive Chairman.
Comment: TAP milks the arrival of its crypto rock star, changing him from Strategic Advisor to Non-Executive Chairman. We would expect the sharp re-rate in the stock to continue.
Vinanz (AQSE: BTC), the publicly listed Bitcoin mining company with US and Canadian Bitcoin mining operations, announced that it has just added another 21 bitcoin miners to its US fleet in Nebraska through its hosting partner there – Basic Mining (www.basicmining.com). BTC said when its new A1566s eventually arrive in Nebraska in the coming week, it hopes to see that State giving it over 9 PH of input to its US bitcoin mining effort.
Comment: Perhaps rather surprisingly, shares of BTC have not picked up since the Trump victory, as we have seen with most of its contemporaries. This may provide an opportunity, especially if Bitcoin edges nearer to $100k.
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. The Company remains in correspondence with the subscriber who continues to communicate an intention to pay all monies owed. Again, there cannot be certainty on the timing of receipt of funds – especially due to the length of time that has passed since the subscription agreement was entered into, though the subscriber has indicated that he anticipates being able to make payment in due course. The Company has sufficient working capital through to January 2025.
Comment: The delay in the subscriber parting with their cash really does give CEL something of a cliff-hanger feel to it, especially with the Nomad “cannot be certainty” disclaimer, to get the Nomad off the hook if no cash comes in. That said, one would imagine that the subscriber is simply delaying as a negotiating tactic, or getting around to some early Christmas shopping first.
DG Innovate (DGI), the research and development company developing pioneering solutions in sustainable mobility and energy storage, announced that it has developed, in collaboration with Cummins Inc, an innovative, novel electric actuator motor built on DGI’s proprietary Pareta® electric drive system. DGI said this accomplishment in producing a new and innovative application of its Pareta® technology is a testament to the DGI engineering team’s dedication and expertise. At DGI it is committed to pushing the boundaries of what’s possible, and this partnership with Cummins exemplifies its drive to bring the most advanced and reliable technology to its clients.
Comment: Although the exact details of the Pareta® improvement probably go over the heads of most in the market, today’s news may be the cue for a further slight rebound in the DGI share price, fundraising permitting.
Powerhouse Energy Group (PHE), announced that National Hydrogen Ltd of Australia, with whom PHE has a five-year licensing and royalties framework agreement, has awarded Engsolve the Front-End Engineering Design (FEED) study contract for its Western Australia project. The contract value of £350,000 is fully payable by National H2, data gathering will commence in December 2024 with the FEED scheduled to begin in January 2025.
Comment: After all the build up to get a £350,000 contract which is fully payable, may seem an anti-climax. Ideally, PHE broadens its pool of customers a little wider than its Aussie friend.
Georgina Energy (GEX) said that it has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD to exercise 6,358,848 warrants for nil consideration following the recent resource upgrade reported on 17 October 2024 being a condition of their issue. The terms of the warrants were further detailed in the Company Prospectus dated 11 July 2024. The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025.
Comment: GEX remains firmly in the sights of crackpot / swivel-eyed, psychotic blogging, largely on the basis that the shares have thus far stopped going down. Indeed, given how petty and personal the bearish criticism is becoming, one would have thought a squeeze higher for the stock is actually in the offing.
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