WINCHESTER, ENGLAND / ACCESSWIRE / October 17, 2023 / In a major new study, prominent scientists from around the world have developed a new strategy for addressing climate change. The study “Proposed solutions to anthropogenic climate change: a systematic literature review and a new way forward,” published in leading scientific journal Heliyon, demonstrates that climate change solutions must include a shift to a more fundamentally plant-based diet.
Comment: For those still waiting for the ice age in the year 2000 (yes, 23 years ago), something which was also backed by the best scientists on the planet, and Mr Spock of Star Trek fame, the temptation is to order the largest sirloin steak possible.
Abingdon Health (ABDX) reported finals to June where the focus is on operational and post year end events. So straight to the numbers; turnover is £4m up from £2.8m with an EBIDA loss of £2.9m compared to a £10m loss. After floating at 100p to develop lateral flow tests it managed to miss the Covid boost. It sells Simply Test™, which is a range of self-test products and sold on-line and through distribution partners. The product range now consists of seventeen self-tests with plans to expand to over 20 tests. Its new product was launched post year-end and it’s the first ever saliva pregnancy test, launched in 400 Superdrug stores, Tesco stores and Tesco online and online, via Amazon and its own website. The strategy to being a ‘self-sustaining company’ is to become a Contract Development and Manufacturing Organisation (CDMO) making lateral flow tests for third party customers across a range of sectors, including self-test and point-of-care clinical testing, animal health, plant health and environmental testing. The net cash at June was £3.4m
Comment: The CDMO strategy is untested and bound to need further funding so at 13p with a £16m mkt cap its worth watching to see how the saliva pregnancy test perform.
Aura Energy (AURA) announced it has acquired additional radiometric survey data, reviewed historical drilling results, and identified strong indications of mineralisation extensions on Aura’s existing tenements that could significantly expand Aura’s current Tiris Project 58.9 Mlbs U₃O₈ resource. The company said Aura’s strategy is to be development-ready in relation to its Tiris Project, and this strategy is progressing and accelerating as it aims to expand its mineral resource.The near-term, low-cost, producer status of our Tiris Project was confirmed by our March 2023 Enhanced Definitive Feasibility Study.
Comment: Uranium is currently hotter than July, so one would expect Aura shares to continue their summer rally in the wake of the latest news.
Tekcapital (TEK), the UK intellectual property investment group announces that Innovative Eyewear, Inc. (NASDAQ: LUCY; LUCYW), the developer of ChatGPT smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, announced a new collection of smart eyewear with enhanced features and comfort. The Lyte XL collection launched today on Lucyd.co and Amazon.com. The company said the Lyte XL collection is the culmination of years of smart eyewear R&D, and addresses several key points of consumer feedback on our products. It is very pleased to present its most comfortable, best-sounding and most durable smart eyewear yet.
Comment: Although the shades look about as trendy as the ones in Back to the Future II, to the middle-aged eye, one would presume the years of R&D are key here, as well as the brands collaboration.
Corero Network Security (CNS), a provider of distributed denial of service (DDoS) protection solutions, announces it has secured a new contract with a leading global satellite service provider, the first for Corero in the high growth multi-$billion satellite service market, which is forecast to grow at a CAGR of >20% by 2030. The contract has a total value in excess of $500,000. CNS said it was delighted that it has added this significant customer to our growing portfolio of global service providers. Having one of the world’s leading satellite service providers working with Corero opens up an additional vertical market for us to target, and further demonstrates the reach, relevance and appeal of Corero’s SmartWall ONE product.
Comment: Shares of CNS have made a tentative recovery in the past month, and arguable would be higher if more in the market knew what DDoS actually stands for.
Technology Minerals (TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announced that Global Battery Metals (TSXV: GBML) has provided an update regarding the completion of a structural remote sensing study of the Leinster Lithium District, with 25 new exploration targets. TM1 said it was pleased to report promising outcomes from our collaborative Leinster exploration project with GBML. The insights acquired through this study will help to advance the project and increase its understanding of the full lithium potential at the site, while also shedding light on additional exploration opportunities within the region.
Comment: There are certainly no shortages of positive sounding RNSs from TM1. However, given that the company is in what one would regard as being a fashionable space, the share price should be higher.
Jubilee Metals Group (JLP), a diversified metals processing business with operations in Africa, is pleased to announce the award of the large Mufulira Slag Project through a JV collaboration with Mopani Copper Mines. JLP said this Slag Project not only offers further scale to its current project portfolio, but also high value metal content material. The Project holds the potential to accelerate investment into the Mufulira area which will benefit not only the JV partners but all stakeholders.
Comment: Shares of JLP are now at the same level they were 3 years ago. Perhaps the latest JV collaboration is the event to finally turn this ship around.
Angus Energy (ANGS) shared the updated CPR for its Saltfleetby Gas Field. ANGS said that following the redevelopment of the Saltfleeby Field and a first year of successful production, it is very reassuring to confirm from the production of the 3 wells in the field that the reservoir is performing according to its expectations. It has been able to narrow the range of uncertainty on the Reserves, with a significant increase in the P90 high-confidence estimate.
Comment: It has to be said that since the departure of the company’s former Managing Director, George Lucan, some of the mojo here, at least in terms of sentiment, has not quite been the same.
Shoe Zone (SHOE) announced its unaudited full year trading update for the 52 weeks to 30 September 2023. Adjusted profit before tax expected to be not less than £16.0m1 (FY 2022: £11.2m) Share buy-back programme continued with 3.8m shares bought back at a cost of £8.1m. The company said that Shoe Zone has had a strong year, continuing the momentum gained from the positive year it had in 2022. It continues its strategy to expand its Hybrid and Big Box formats via refits and relocations and new stores.
Comment: It is tempting to suggest that consumers should stick to paying their mortgages, energy and supermarket bills, rather than buying footwear. Record sales rather suggest there is no cost of living crisis.
Zinnwald Lithium (ZWND), the European focused lithium company, provide an operational update on its recent activities. The company said it was delighted with the progress that has been made in recent months post the fundraise. Completing the drill campaign is a major milestone which, together with its forthcoming expanded MRE, will form a firm foundation on which to base its BFS.
Comment: Like many lithium plays, shares of ZWND have been in retreat for most of 2023. One would assume that this period of retracement has nearly run its course.
Lexington Gold (LEX), the gold exploration and development company, has now completed the Broad-Based Black Economic Empowerment (B-BBEE) partnership arrangements for White Rivers Exploration Proprietary Limited (WRE). LEX said it was delighted to welcome Letsema as its B‑BBEE partner and looks forward to working with them to unlock value from WRE’s assets. Letsema is a prominent and highly respected business established in 1996 by Isaac and Derek, being two well-renowned South African businessmen. It is similarly welcome Katlego Tlale, the Letsema Group’s Chief Financial Officer, who will shortly be joining the board of WRE as Letsema’s representative.
Comment: It is a shame that there are not such B-BBEE initiatives in the United Kingdom of Great Britain and Northern Ireland.
Poolbeg Pharma (POLB), a clinical-stage biopharmaceutical company targeting diseases with a high unmet medical need, announced that it has signed a strategic collaboration agreement with a Nasdaq listed biopharma company for the development of an optimised oral drug to treat a metabolic condition. POLB said its partner recognises the benefits of Poolbeg’s licensed oral delivery technology and it looks forward to optimising the development of this innovative drug for patients in an area where there is a clear unmet need. It is optimistic that this strategic collaboration has the potential to progress to a full licensing agreement.
Comment: POLB continues to rub shoulders with increasingly important players in the space. One wonders how much greater its market cap would be if it were itself listed on the Nasdaq, rather than the biotech-phobic London market.
Zinc Media Group (ZIN), the award-winning television, brand and audio production group, is pleased to announce it has won its largest ever USA television series with the working title, Top Gun: The Next Generation, worth approximately $9m of revenue to the Group. The company said this is an outstanding new series which comes with the most exclusive access that Zinc has secured. It has earned the trust of the U.S. Navy because of its global reputation for the highest quality television production. This commission will have worldwide appeal and will deliver exhilarating, adrenaline-fuelled television.
Comment: Given that Tom Cruise is getting on a bit, Top Gun: The Next Generation seems timely. A great thumbs up for ZIN, and it even has the trust of the U.S. Navy to boot.
Galileo Resources (GLR) informed shareholders regarding progress on drilling and further exploration on the Kamativi Project in Zimbabwe. GLR said it was very pleased with the initial indications from the Phase 1 reconnaissance drilling programme at Kamativi which was aimed to test the mapped pegmatites and their continuity, if any. The programme was expanded from the initial plan to confirm and extend the target zone along strike due to the positive initial results. All the peripheral work is pointing in the right direction, thus representing a very positive start to the overall Kamativi programme.
Comment: GLR is once again on the front foot on another project. It will be interesting to see whether its moves on lithium in Zimbabwe lead to an appropriately positive reaction in the share price.