Rome Resources (RMR), the DRC-focused tin explorer, announces that Oak Securities has initiated research coverage on the Company. The research note can be found at: https://romeresources.com/investor-centre/research-notes/
Comment: After the initial bed wetters / desperados, left the shares under 0.30p and under the RTO price, we have seen decent, accelerating gains for the RMR share price. The technicals point towards 0.5p over the next few weeks, something which should be backed by the newsflow. The latest Oak Securities research note, should solidify the bull argument here, as well as prompt drilling / discovery news.
YouGov (YOU) said that although the audit procedures are substantially complete and the Group does not expect any material changes to the results, the Group’s auditor has requested more time to complete the audit. As a result, YouGov is today publishing its results on an unaudited basis. YouGov expects the audit to be completed shortly and will provide an update once the audited results are available.
Comment: Shares of YOU are up 10% off the back of the preliminary update, something which may be something for other listed companies to follow, rather than getting suspended. That said, AIM et al probably enjoy placing companies in the naughty corner when they have not filed their results.
Corero (CNS), the distributed denial of service (DDoS) protection specialists, is bringing to market a new SaaS cloud-based availability protection platform, Corero CORE. CNS said it was incredibly excited to develop this cutting-edge platform which has been built to help customers optimise their security investments and network capabilities through its comprehensive protection – without the need for additional hardware. By developing this highly adaptive and advanced solution, Corero CORE has the potential to generate new commercial opportunities for Corero across its target addressable market.
Comment: Despite the fact that few who have not attended MIT will understand what DDoS is, shares of CNS are up 160% this year. Perhaps they would be up even more if the company spent a little time explanation the merits of its platform.
Wishbone Gold (WSBN) shared the key elements of the presentation regarding exploration findings at its Red Setter prospect given by Expert Geophysics Pty Ltd at the Australian Society of Exploration Geophysicists DISCOVER Symposium 2024 which was held from 15th – 18th October in Tasmania. WSBN said these findings reinforce the fact that Red Setter has a 3km strike with impressive gold grades near surface and a clear picture of the possible origins of the gold and copper deposits. It looks forward to the next stage in Red Setter’s exploration programme buoyed by the value-added insights provided by these findings.
Comment: WSBN look as though they have finally hit the bottom, something which ongoing record gold prices merits. More news such as today’s should help the cause, as the company validated Red Setter.
Pantheon Resources (PANR), an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska’s North Slope, today announced that is has appointed MZ Group, a corporate & financial communications advisor to upgrade its USA presence in line with its stated strategy. PANR said it was now transitioning to an exciting new phase for the Company’s development. With the step up in activity and the more solid underpinnings resulting from the independent validation of the resource base and development plans, it is the right time to accelerate Pantheon’s marketing to USA stakeholders. Its strategic target remains to achieve sustainable market recognition of $5-10/bbl for its discovered contingent recoverable resource of c. 1.6 billion barrels of marketable liquids by the end of 2028.
Comment: There is always a hint of irony when a company hires a PR/IR company no one has heard of. To be fair, MZ Group could be the Buchanan / Tavistock of the U.S. Whatever the case, the market still has not recognised that PANR is sitting on 1.6 billion barrels, otherwise the share price would be
Valereum (AQSE: VLRM), a fintech company seeking to unlock capital and create value in tokenised digital markets, announced it will be presenting at the Aquis Stock Exchange Showcase on Tuesday, 12th November 2024 in London. The Aquis Showcase Event is a one-day event with companies presenting and competing in an investment contest, to be judged by a panel of experts. Existing and potential shareholders are encouraged to attend the event and watch the presentation. For further information on the event and how to purchase tickets, please visit: Aquis Showcase 2024.
Comment: Attendance of this event is a must for lovers of the Aquis Stock Exchange. Each year one can attempt to get as many branded stress balls, pens, notebooks, USB drives, and best of all, cuddly toys. During the coffee and lunch breaks when the goodies area is less manned, is generally best. All of this excitement and more for just £27.80.
Cooks Coffee (AQUIS:COOK) announced that its Esquires Coffee branch in Caerphilly, Wales, has been awarded the title of “Best Ethical Coffee Enterprise” at the prestigious Welsh SME News Awards. COOK said the McIlhineys run an excellent business and truly embody Esquires’ commitment to ethical business practices and sustainability at every level. This award is a testament to that authenticity.
Comment: Having recently had a coffee with the company I am itching for them to help launch the first real ZaksTradersCafe, ideally in White City.
HSBC Holdings (HSBA) announced its Q3 2024 earnings. HSBA said profit before tax increased by $0.8bn to $8.5bn compared with 3Q23, primarily due to revenue growth in Wealth and Personal Banking, and in Foreign Exchange, Equities and Global Debt Markets in Global Banking and Markets. Profit before tax in 3Q24 included a $0.3bn loss on the early redemption of legacy securities.
Comment: With interest rates in the UK more than double inflation, and the chance to de-bank risky or non-woke clients, even Coco the Clown could raise profits. Presumably, the global position is not quite as straightforward.
Aquis Exchange (AQX), a creator and facilitator of next-generation financial markets, and Cboe Europe (Cboe), a division of Cboe Global Markets, Inc., the world’s leading derivatives and securities exchange network, are today pleased to announce their intention to form a joint venture which plans to explore a bid to perform the role of the EU’s equity consolidated tape (CT) provider. The selection process for the EU equity CT is expected to begin in June 2025, with a successful applicant chosen by the end of 2025.
Comment: Aquis is spending all its time and effort showing investors that it is highly liquid and a worthy competitor to the LSE. It is also encouraging private companies that it is much better to be listed on Aquis than to remain private. Isn’t it?
Diales (DIAL), the leading global professional services consultancy to the construction and engineering industries, providing multi-disciplinary consultancy services including expert witness, claims and dispute resolution services, today announced a trading update for the year ended 30 September 2024. Mark Wheeler, Chief Executive Officer of Driver Group, commented: ‘I am pleased to report that the implementation of our strategy continues at pace. The delivery of our re-brand to Diales is now complete and this has been well received by our clients.
Comment: One wonders if Mr Wheeler is now CEO of Driver or Diales? That said Acuitas Communications seems to be getting itself on the map.
Incanthera (AQSE:INC), the company focused on innovative technologies in dermatology and oncology, announced an update on its Skin + CELL luxury skincare range. Further to the Commercial Update of 26 September 2024, the Company undertook to update the market in October regarding the timing of the European launch of Skin + CELL. While the Company awaits clarity on timings, it remains committed to updating the market with full details as soon as these are available.
Comment: It is good of INC to update the market for those of us who were sitting on the edge of our seats for an October update. Given that the shares are now half of their 32p peak, an update sooner rather than later would be advised.
European Green Transition (EGT), a company developing green economy assets in Europe, reported positive results of the first four drill holes from its drill programme at the Olserum Rare Earth Element project in Sweden. EGT said the objective of its drill programme at the Olserum REE project was to derisk the Project and support the monetisation of the Project in the near future. The initial results provide strong validation of the Project’s district scale REE potential. It looks forward to receiving the remainder of the results later this year, which will be crucial as it looks to realise value through a sale or partnership of the Project, enabling EGT to direct its focus towards revenue generating opportunities in the green energy transition.
Comment: The significant newsflow and progress made by the company since listing in April is certainly at odds with the stock now being below its IPO price. The optionality of a sale or development of a proved up Olserum asset should support the shares in the near term.
East Star Resources (EST), which is exploring for copper in Kazakhstan, announced that it has commenced an Induced Polarisation geophysical survey on its Rudny Altai Volcanogenic Massive Sulphide (VMS) Licences in East Kazakhstan. The programme will include up to 17.3-line kilometres of IP geophysics over four targets, which have already demonstrated the required geological indicators of a potential deposit, including mineralisation at surface. The programme is already underway and will continue as long as weather permits.
Comment: As we await news regarding the Verkhuba deposit and its fate, EST reminds us that there is plenty more that it has under its sleeve in terms of the ability to add further resources to the existing 20.3Mt.
Future Metals NL (FME) announced initial observations from recently completed drilling at the ‘Eileen Bore Prospect’ and the adjacent previously undrilled ‘Target 2’, within the Alice Downs Corridor. A total of four diamond holes were drilled totaling 1,195.2m, co-funded by a recent Geological Survey of Western Australia EIS grant. Two diamond holes (EBDD001 and EBDD002) were drilled at Eileen Bore to test for extensions and confirm continuity of wide zones of copper and nickel mineralisation in historic drilling. A further two diamond holes (EBDD003 and EBDD004) were drilled at Target 2 as a first pass test of surface anomalism.
Comment: Despite the latest RNS being longer than War and Peace, it would appear that there is a nascent share price turnaround at FME, especially if the shares can clear recent 1.25p resistance.
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