Xtract Resources (XTR) reported assay results for the first 3 diamond drillholes completed on the Silverking Project located in the Mumbwa District of the Central Province of Zambia.
Silverking is subject to an option and joint venture agreement with Oval Mining Limited, enabling Xtract to earn-in up to a 70% interest in the Silverking copper mine and accompanying exploration licence located in the Mumbwa District of the Central Province of Zambia. Notable high-grade copper – silver intercepts achieved over impressive mineralised widths. Borehole SKIDD003: 4.15% Cu and 42.91g/t Ag over 29.70m from 93.0m. Borehole SKIDD002: 3.18% Cu and 40.32g/t Ag over 54.10m from 56.9m.
Comment: It may be said that with Silverking and the latest high grade result, Colin Bird and friends have finally blown the lights out. Today’s news should finally give XTR the significant rally the shares deserve.
ACG Metals Limited (ACG) announced its operations and capital structure update for the first quarter of 2025. ACG said “In the first quarter of 2025, the Gediktepe Mine delivered strong operational performance compared to Q1 2024 achieving a 29% increase in Gold Equivalent production yielding 16.2koz of Gold Equivalent sales. In addition, we maintained cost discipline in decreasing AISC by 13% while benefitting from a 38% increase in realized Gold prices.”
Comment: ACG could very well be a big dark horse winner, once the market catches up with the ticker code, and what it is doing at its flagship Gediktepe Mine. We need more solid producers on the London market like this one.
Jet2 (JET2), the Leisure Travel group, announced the commencement of a share buyback programme up to a maximum aggregate consideration of £250 million from the date of this announcement which is expected to run over the next six to nine months.
Comment: For many companies the message is don’t get mad about your share price, initiate a share buyback. This one from JET2 is one of the best in the recent past.
Cykel AI (CYK) announced its acceptance into NVIDIA Connect, marking another strategic advancement in the Company’s technological capabilities. NVIDIA Connect is a free program that helps software development companies and service providers accelerate time-to-market by leveraging the latest technological innovations from NVIDIA. Members have access to developer resources, technical guidance, preferred pricing, and marketing opportunities.
Comment: Although we all know that being on NVIDIA Connect does not mean that much, it is still nice to have it.
THG (THG), announces its preliminary results for the financial year ended 31 December 2024 and first quarter trading statement for the period ended 31 March 2025. THG said “2024 was a big year of change and evolution for THG.”
Q1 2025 Group trading performance
| £m | Q12025 | CCYchange | YoY[Change |
| THG Beauty | 223.6 | -9.8% | -10.0% |
| THG Nutrition | 147.8 | +0.1% | -2.0% |
| Group (continuing) revenue | 371.4 | -6.1%] | -7.0% |
| Discontinued revenue | 4.2 | -79.9% | -79.9% |
| Total revenue | 375.6 | -8.0% | -10.6% |
Comment: With all the metrics sinking, it is unlikely that THG will make any new friends in the City. But given that the company does not like the City anyway, this should not be a problem.
Warpaint London (W7L), the specialist supplier of colour cosmetics and owner of the W7, Technic, Skin & Tan, Super Facialist, Dirty Works and Fish Soho brands announced its audited results for the year ended 31 December 2024. W7L announced Continued growth in sales, margins and profits to reach record levels for the Group. Significant organic growth in all key geographic regions reflecting the focus on growing sales of the Group’s branded products.
Comment: One certainly gets the impression that the market was way to hard on W7L and its share price in the wake of the Brand Architekts deal, with the company delivering a stellar performance last year. Although we await 2025 performance, the momentum here seems healthy enough.
Great Southern Copper (GSCU), the company focused on copper-gold exploration in Chile, reported the results of exploration sampling and mapping at Cerro Negro, along trend to the south of the previously reported high-grade drill results at Mostaza mine. Assay results for exploration channel chip samples range up to 0.93% Cu and 86.4 g/t Ag.
Comment: If it is GSCU we expect high grade results, and the company continues to deliver in this respect. Ideally, this builds a platform for a fresh re-rate of the shares near term.
Insig AI (INSG), the data science and machine learning solutions company, announced that trading for the fourth quarter and for the year to 31 March 2025 has been ahead of previous management guidance. Revenue for the fourth quarter was £249k, equivalent to 90% higher than the third quarter and 210% higher than the second quarter. The fourth quarter outturn was 11.2% above expectations announced on 24 March 2025. The Company also announced that it has also secured a new client win from a London-based, European focused asset manager with assets under management of more than £1 billion.
Comment: While the company has been keen to hide its light under a bushel until now, the chunky new contract win, and well as all the improved metrics should ensure INSG becomes of the small cap winners of the year.
LifeSafe (LIFS), a fire safety technology business with innovative fire extinguishing and prevention fluids and fire safety products, reported its audited Final Results for the year ended 31 December 2024. Revenue reduced to £3.3 million (2023: £5.9 million), reflecting the reduced gross revenue wholesale distribution model. Underlying loss before interest, tax, depreciation and amortisation of £0.7 million, halving the £1.4 million loss reported in 2023, in line with the Board’s internal expectations.
Comment: LIFS built its base in the US retail market, and is currently pivoting towards the B2B space, something which should given the company scale and rather greater stock market appreciation.
Arrow Exploration (AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, announces the filing of its Annual Audited Financial Statements and Management’s Discussion and Analysis for the quarter and year ended December 31, 2024 and the filing of its 2024 year-end reserves report. Significant 65% growth in total oil and gas revenue to $73.7 million, net of royalties (FY 2023: $44.7 million). Net income of $13.2 million inclusive of an impairment reversal of $0.7 million (FY: 2023: net loss of $1.1 million).
Comment: It has taken quite some effort to keep the share price down here, and keep it coming down, but somehow AXL has managed it despite all the great production numbers.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
