- Russia’s “irresponsible rhetoric” on nuclear weapons will not deter UK support for Ukraine: Prime Minister Keir Starmer
Comment: Given that KS has done and called everything wrong since July 4, one would imagine this WWIII inducing stance is also a loser.
- Higher energy bills push UK inflation to 2.3%
Comment: Given the massive borrowing binge announced in the Budget, the days of hoping inflation falling will lead to lower interest rates is now futile. Therefore, today’s inflation rise, likely the first of many, is less important than it used to be.
Helium One Global (HE1), the primary helium explorer in Tanzania, announced its audited results for the year ended 30 June 2024. HE1 said this has been a transformational year for the Company. It has carried out its second drilling campaign and made its first discovery in Tanzania, whilst also greatly increasing its knowledge and understanding of the region. In addition to this it acquired its own rig which has provided its with considerable optionality and a potential revenue stream in the future.
Comment: The main result for HE1 has been its ability to raise money from a cash strapped stock market, over £30m. This is nearly as much as the Royal British Legion Poppy Appeal, although perhaps not quite such a worthy cause. One looks forward to the day when £30m of helium is produced.
Renalytix (RENX), an artificial intelligence-enabled in vitro diagnostics company, reported its financial results for the fiscal quarter of 2025 ended September 30, 2024. RENX said following its fundraise, it believes the wind is now behind its back and it was excited to propel the Company’s growth while supporting better patient outcomes through adoption of our kidneyintelX.dkd test by physicians and hospital systems.
Comment: It was indeed the big fundraise which dominated for RENX this year, and with it the group has the fire power to deliver on its goals, something which the share price is yet to reflect.
Kore Potash (KP2), the potash development company with 97% ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo, announced that a final Engineering, Procurement and Construction contract for the Kola Project with PowerChina International Group Limited has been signed in Brazzaville on 19 November 2024. KP2 said the entry into this EPC contract marks a significant milestone for the Kola potash project. By signing this fixed-price construction contract with one of the largest international engineering groups, the Company has minimized risks associated with cost and time overruns typical in large mining projects. The Company also believes this structure will facilitate accelerated financing and a relatively straightforward construction process, leading it to profitable production.
Comment: Shares of KP2 are up 6x so far this year, with not even a peep about them amongst retail investors or the Twitterati. The EPC news could take these gains yet higher, albeit brilliantly under the radar.
Critical Mineral Resources (CMRS), the exploration and development company focused on critical metals and minerals in Morocco announced it has commenced metals and industrial minerals trading. This will provide the Company with a source of near-term cash flow and profits that will support the core mission of acquiring and developing advanced mine development opportunities in Morocco. CMRS said although reaching this milestone has taken longer than expected, it was extremely pleased to be adding a cash generating business to the company which has the potential to grow into something substantive. There are multiple examples of successful trading companies which started in a similar manner.
Comment: This is indeed a significant breakthrough for CMRS, especially the forthcoming arrival of near-term cash flow. Given that the shares are bouncing off the lows, there could be decent upside from current levels, considering CMRS was 4p plus at the beginning of the year.
ECR Minerals (ECR), the exploration and development company focused on gold in Australia, announced highly encouraging initial results from its maiden diamond drilling campaign at the Duke of Cornwall Lode system as well as further high-grade surface channel (chip) sampling from the Main Lode within the Company’s Tambo Gold Project in Victoria, Australia. ECR said these early results from the Duke of Cornwall Lode system are outstanding and validate the geological potential of this area. The high-grade gold intercepts, consistent mineralisation across the Main Lode, and the promising visual indicators in the core give it confidence in the continuity and potential scale of the system. announce its audited final results for the year ended 31 July 2024.
Comment: Shares of ECR have nearly doubled over the past month, in anticipation of today’s news. It will be interesting to see where there is further upside off the back of the latest numbers and grades.
Tracsis (TRCS), a transport technology provider, announced its audited final results for the year ended 31 July 2024. TRCS said it had delivered further growth in rail technology licence usage and annual recurring revenues, and have a large pipeline of new software opportunities in both the UK and North America, where long-term market drivers remain strong.
Comment: One of the coterie of stock market performers that the market has a blind spot for, a point underlined by the ongoing rollercoaster for the share price. That said, there may be enough in this RNS to put a lasting floor in for the stock.
Zinc Media Group (ZIN), the award-winning television, brand and audio production group, announced a trading update for the year ending 31 December 2024. Furthermore, the Group is announced the launch of a major new entertainment television label headed by the former Executive Producer of Strictly Come Dancing and The Voice. ZIN said while delivering consistent year on year growth it also continues to invest in long term profit growth. The launch of Electric Violet diversifies us further with a move into entertainment television where the size of commissions and IP can be transformational.
Comment: Although it has been a long time coming, it would appear that ZIN has finally gained enough momentum and traction to impress the stock market. The new TV entertainment label could be the icing on the cake going forward.
Ian McDonough, CEO of Blackbird (BIRD), the technology licensor, developer and seller of market-leading cloud native video editing platform, Blackbird, and developer of the online collaborative video editing and content creation platform, elevate.io, gave a product and user update (via video) on elevate.io.
Comment: With the CEO till rocking the former 1980s pop star look via the video in the RNS, it is interesting that elevate looks to have achieved the hockey stick growth that its fans would have been hoping for.
Argo Blockchain (ARB), a global leader in cryptocurrency mining, announced its unaudited financial results for the quarter ended 30 September 2024. ARB said the third quarter was a difficult quarter for BTC miners, including Argo. It is positive that it has seen improvement in BTC mining economics in October, as noted in its October Operations Update, and that this has continued into November which has also been strong.
GenIP (GNIP), a technology business providing Generative Artificial Intelligence (GenAI) services to help research organisations and corporations commercialise their innovations, provided an update on orders for the GenAI enhanced services and commercial partnerships with leading research institutions globally. GNIP said it was delighted to have received GenIP’s largest single order since its GenAI enhanced services launched. The calibre of its clients and the orders for multiple volume reports demonstrates the utility of its technology transfer services for research institutions seeking to improve commercialisation of their new discoveries.
Comment: GNIP is included in today’s RNS Hotlist even though no one has heard of the company, but they sound like nice people, and hopefully are turning the corner.
Silverbullet (SBDS), a provider of AI driven digital transformation services and products, announce a trading update with new contract wins and renewals worth, in aggregate, £1.5 million. SBDS said delighted with its recent achievements and the strong momentum across the business. Securing £1.5 million in new contract wins reflects the value it was creating for clients and its team’s dedication. October was its best performing month on record, enhanced by new higher margin repeatable revenue streams.
Comment: SBDS has successfully managed to erode its share price from 190p to 32p last month. Perhaps today’s news could be the start of a fightback, but not a situation well managed.
Hornby (HRN), the international hobby products Group, announced its unaudited interim results for the six months ended 30 September 2024. Group revenue of £25.0 million (2023: £22.7 million) an increase of 10% on prior year. Operating Group loss before exceptionals of £3.8 million (2023: loss of £4.1 million).
Comment: Although the company has debt levels akin to British Rail, there is a glimmer of hope from the revenue rise. That said, how can a “hobby products” group lose so much cash? Definitely something the late Sir John Harvey-Jones would have got his teeth into.
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