Tap Global Group (AQSE: TAP), the FinTech company bridging the gap between traditional finance and blockchain technology, announced that the Company’s Broker, Tennyson Securities, has initiated equity research on the Company. The research report is available to eligible investors via the Tennyson Portal at www.tennysonsecurities.co.uk.
Comment: Rather than just directing people to the Tennyson website, it might have been better to also precis the cotents of the note within the RNS itself. BTW the profit target is 4.14p versus 0.7p currently. So there is some work to do.
Ondo InsurTech ( ONO) the National Farmers Union Mutual (NFU) signs-up to roll out its established effective LeakBot, to initially 17,000 members by January 2025. Then it could be made available to over 900,000 of its member owned customers. LeakBot provides a real solution for reducing household water damage claims which can be devastating with little warning. Ondo is also admitted to the IoT Insurance Observatory in the US so joining top US insurers. The Internet of Things (IOT) Insurance Observatory is a Think Tank connecting people and ideas to spread the innovation culture throughout the insurance market. The finals to March 2024 reported a £3m loss on Revenue of £2.7m which is attractive reoccurring income. It raised £4.2m at 14.5p in May.
Comment (Jon Lev): At 14p the Mkt Cap is £16.3m the commercial traction progress in a substantial world market seems attractive.
Guardian Metal Resources (GMET), a strategic development and mineral exploration company focused on Nevada, USA, announced an exploration update at the Company’s 100% owned Garfield project located within the prolific Walker Lane Mineral Belt in Nevada, USA.These results include up to 15.56%* and 9.58% CuEq* with 7 of the 8 samples returning >1.75% CuEq. GMET said the 100% Guardian Metal-owned Garfield Project has delivered again with ground magnetics demonstrating an additional magnetic anomaly in the newly named ‘Freeze Zone’ and exceptionally high grade assay results associated with that zone.
Comment: A stunning bull run means that the market cap of GMET is now £40m, with news such as today adding to the momentum. Large shareholder Power Metal (POW) has a market cap of less than £20m and remains a decent proxy to the stock.
Helix Exploration (HEX), the helium exploration and development company focused on helium deposits within the ‘Montana Helium Fairway’, provided an operational update on the Clink #1 well at the Ingomar Dome Project where significant shows of helium and hydrogen gas from the Amsden, Charles, and Flathead sandstone formations have been encountered. HEX said although frustrating that the completion and appraisal of Clink #1 has been delayed, it was very pleased with the results from the well to date. The mud log revealed reservoir quality strata with positive helium results. Clink #1 appears to be a good well with a bad shallow interval which has complicated our completion. However, the well proves the presence of helium within all our target reservoir horizons.
Comment: A one month delay is a blink of an eye in the scheme of things, and therefore the pullback in the shares initially today is an opportunity for those looking to gain exposure to a company with such strong results to date.
Aptamer Group (APTA), the developer of novel Optimer® binders to enable innovation in the life sciences industry, announced an extension of its partnership with Unilever to enter a new phase aimed at initiating in-vivo efficacy testing of Optimer binders as active ingredients in deodorants. APTA said the continued advancement of its Optimer binders in collaboration with Unilever is a significant milestone for Aptamer Group. It showcases the versatility of its technology in providing unique solutions across new sectors, including cosmetics. It has collaborated closely with Unilever to develop these binders, and it is excited to see the strides being made towards their use in these novel deodorant applications.
Comment: The market has not been great at pricing in APTA’s relationship and progress with ULVR. Hopefully, today’s news will move the dial to some extent.
Kodal Minerals (KOD), the mineral exploration and development company focused on lithium and gold assets in West Africa, provided its final results for the year ended 31 March 2024. KOD said the past 12 months have been truly transformational for Kodal as the Bougouni Lithium Project has advanced in Mali and transitions from developer to producer, with Stage 1 first production firmly on track for Q4 2024, which would make Bougouni the first London-listed lithium producer.
Comment: KOD really has had a transformational year, and one would expect the next 12 months to witness fresh leaps and bounds, which are currently not in the price.
Firering Strategic Minerals (FRG), an emerging quicklime production and critical mineral exploration company, is delighted to announce that Limeco Resources, which is developing a significant quicklime project in Zambia towards first production in Q4 2024, has been awarded a 392.51 hectare exploration licence adjacent to its current licence. FRG said the addition of this new licence adds to Limeco’s already substantial scale of opportunity by extending our mineral resource from Limeco’s existing licence, which currently provides for production of between 600-800 tonnes of quicklime per day for c.30 years.
Comment: Sentiment and share price for FRG has turned well in recent weeks, with today’s news likely to drag this recovery yet higher. A return to the best levels of the year near 5p is deserved sooner rather than later.
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