Enjoying FTSE 100 at 10,000
It would appear that we are so far above the clouds as far as FTSE 100 10,000. This was of course helped along this week by GlenRio, GlenTinto, or whatever the very top of the market sounding deal will be called. It was also helped once again, by President Trump’s latest bid to take over the world: going for Greenland, after Venezuela. Of course, the left leaning commentators have seen both moves as negative, and were presumably hoping this would be the case for the stock market. However, it seems to be the case that even if there is the TACO trade (Trump always chickens out), we have the rally on the initial headline.
What is interesting closer to home is how a booming stock market might help the Labour government? Presumably, there will be a few CGT gains, and there may be a rush to get into ISAs and SIPPS as well. What I can say, from memory, going back to the 1970s, is that ironically there can be as much or more opportunity for entrepreneurs during socialist times than in Conservative times. A collapse in high end London real estate could presumably provide an opportunity, as it did for anyone who bought at the end of the 1970s or early 1980s. As far as the stock market is concerned, it really could be the time that there is a trickle down to the small cap area. We have obviously already seen this in the small cap explorers / developers. Colin Bird’s contingent in this area have been led by Bezant (BZT), and it is great to see his prediction of a copper shortage / supply deficit, finally come to pass. It is interesting that the FTSE AIM All Share was up 6.2% in 2025. It is already up half that amount in 2026 after just one full week of trading.
This Week’s Risers
It is probably easiest in this category to divide the contenders between the obvious and the not so obvious. With gold where it is, one would expect to see Galantas Gold (GAL) head the risers for the week to the tune of up 185%, with Chile acquisition news. Also in Chile, CleanTech Lithium (CTL) finessed its recent recovery to the tune of 60%, with both the news that it had submits CEOL application for Laguna Verde ahead of time, plus appointed Cutfield Freeman & Co Ltd as financial advisor for the purposes of supporting the company in securing a strategic partner for the next phase of development at the project. Richmond Hill (RHR) shares soared as it started work on the Martello gold project in Ontario, Canada, having been called higher here on a charting basis last month. We had been looking for 2.4p as an initial target, just above where we are now. The next level should be 3.5p, old 2022 resistance on the way down, by the end of next month.
Although one of the reasons for the shareholder dissent at Reabold Resources (RBD) was allegedly regarding the merits of Colle Santo, it would appear that such concerns have been blown out of the water this week. RBD’s LNEnergy Limited (“LNE”)’s Small Scale -LNG development plan in Colle Santo, Italy was given a positive opinion by the Italian Ministry for the Environment and Energy Security (“MASE”), MASE has now issued LNE the favourable formal decree. You can’t argue with that, or the 119% share price rise on the week. If anyone wants to know what was supposed to be wrong with Colle Santo, get it touch…
I have written here on many occasions, not only regarding the online bullying I get that no one does anything about, but also how ridiculous the “cold water” RNSs that companies have to release when their share price rises “too much.” One wonders if any company has been able to refuse to issue such a RNS, and what would happen if they did? The whole point of the stock market is for a share price to go up. Anyway, speeding ticket / cold water RNS of the week went to Sealand Capital (SCGL), which was joined Rc365 (RCGH), both of which actually had a positive read across from the recent MobilityOne’s (MBO) Islamic digital banking deal. Hopefully, SCGL and RCGH will rebound again soon after having to shoot their share prices in the foot.
Rising on no new news was Wildcat Petroleum (WCAT). Here the shares jumped 36% on Friday, with perhaps the best message here being that the Petroleum part of the name is not the sizzle anymore. It could very well be that the company looks to make moves in Sudan’s other big asset, gold. If this is the case the current market cap at £2m looks cheap, over and above the way that as a main board listed company ideally it will be looking for a deal that values the company at £30m if possible.
Although I am still waiting for a big metaphorical hug from the Aquis market, for all the mentions I give to companies listed on it, this does not stop me still giving the mentions ahead of such an event. Hot Rocks (AQSE:HRIP) which is packed full of a smorgasbord of interesting investments, including US-listed WeShop (WSHP), announced that it had launched a new website.
Astrid Intelligence (AQSE: ASTR) was up 21% on the week as the decentralised artificial intelligence company provided an operational update following recent board appointments and the expansion of its activities within the Bittensor ecosystem. Although one assumes that only 5 people in the country over the age of 30 actually understand what the company does, the board appointments are significant.
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