The Telegraph: Revealed: Chagos deal to cost 10 times what Starmer claimed. Government’s own estimate of cost of giving away territory to Mauritius is almost £35bn, documents show,
Comment: Chagos is a deal the government knew no one wanted, and knew the cost would be regarded as unacceptable, so it delivered a bare faced lie on the cost. It will be interesting to see how it wriggles out of this one.
CleanTech Lithium (CTL), an exploration and development company advancing sustainable lithium projects in Chile, announced the results of the accelerated bookbuild announced earlier today. The Placing has conditionally raised gross proceeds of £4.3 million. The Board plans to apply the net proceeds raised to fund the initial payments for the binding SPA it has signed for the acquisition of an additional 30 licences in the Laguna Verde project, the final PFS payments for Laguna Verde, DLE technical work and general working capital requirements. The publication of the PFS, which is expected to occur when the Company is entered into a streamlined CEOL process will assist the Company in various discussions when the Company will be seeking to introduce a strategic investor into the project to fund work.
Comment: CTL has certainly raised enough cash to get it far along the line in terms of its milestones, something which would then in turn should trigger a long awaited re-rate for the shares. The MET1 intervention underlines this idea.
Metals One (MET1), a minerals exploration and development company with key interests in uranium and gold projects, announced an investment of £1 million in CleanTech Lithium (CTL). As a result, Metals One will own approximately 10.7% of CleanTech Lithium’s enlarged issued share capital.
Comment: Rather encouragingly MET1 has started to become the swing investor in the junior mining space, one whose presence in the CTL deal rather inspires confidence that the investee is finally on its way.
S4Capital (SFOR) said it noted the recent media speculation and confirms it has received a proposal from MSQ Partners, a company majority owned by One Equity Partners regarding a possible combination between S4Capital and MSQ. These discussions are at a very preliminary stage and there can be no certainty that a transaction will be forthcoming. The Possible Combination.
Comment: In terms of the share price reaction to the Sky News scoop one has to say it ranks no more than a 3/10. The problem with an offer is that even if SFOR wants to be put out of its misery, any valuation on a deal is likely to be a disappointment. The company is caught between a rock and a hard place.
Cobra (COBR), the mineral exploration and development company advancing a potentially world-class ionic Rare Earth Element (“REEs”) discovery at its Boland Project in South Australia, announced further results from flowsheet optimisation testing. COBR said “These are the highest recoveries from the weakest lixiviant acidity achieved by an Australian ionic clay project, highlighting the desirable ionic nature of Boland rare earth mineralisation. These results further support reductions to the cost of extraction. Cobra is progressing to deliver bottom quartile costs to support current and emerging supply chains – regardless of government supported pricing mechanisms.”
Comment: COBR is currently in a purple patch, both on the ground as underlined today, and in terms of the share price which continues to move to multi-year highs. The tariff wars in the background remain the icing on the cake.
Vaultz Capital plc (AQSE:V3TC), a digital asset operating company, announced the appointment of acclaimed Bitcoin lawyer Adam Vaziri to the Company’s Bitcoin Advisory Board, effective immediately. Adam Vaziri is the CEO of Blockpass, a digital-identity specialist with an AI-driven platform that delivers rapid Know Your Customer (KYC), Know Your Business (KYB) and Anti-Money-Laundering (AML) screening for the crypto economy.
Comment: There are two characteristics of the best BTC treasury strategy companies. The first is to acquire as much of the stuff as possible, as quickly as possible, and the second is to hire the best names in the business. This is clearly something that V3TC is aware of.
Sovereign Metals (SVML) announced confirmation of the mining method and completion of the mining fleet design for the Kasiya Rutile-Graphite Project in Malawi, representing another significant milestone in the ongoing Definitive Feasibility Study (DFS). The Company has finalised the selection of mining equipment specifically designed for large-scale dry mining operations at Kasiya.
Comment: Although now a company with a market cap of well north of £200m, the milestones being achieved, and the significance of the Kasiya project at a time of tariff wars suggest that a re-rate is overdue.
Falcon Oil & Gas Ltd. (FOG) announced that Shenandoah South 2H Sidetrack achieved an average 90-day initial production flow rate of 6.7 million cubic feet per day over 1,671-metres (5,483-foot) within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it a Beetaloo Basin record.
Comment: Although FOG is rather famous for hiding its light under a bushel, those who have taken the time to check in to the company on regular occasions will note that decent progress is being made.
The Smarter Web Company (AQUIS: SWC), a London listed technology company, announced that 3,452,086 new Ordinary Shares have been placed from the current tranche raising £7,626,129 (before expenses), equivalent to approximately £2.21 per share.
Comment: While SWC continues to raise, raise, raise, it is noteworthy that the share price has not only been steady in recent days, but is actually starting to rise. This could indicate a new up wave in BTC Treasury Strategy stocks, at least the good ones, is on its way.
Wishbone Gold (WSBN) announce that drilling at the Company’s Red Setter Gold Dome Project, located 15km South West of Greatland Gold Plc’s (AIM and ASX: GGP) operating Telfer gold mine in Western Australia, has intersected mineralisation in its first hole deepening program with zones of quartz-carbonate veining and sulphides of chalcopyrite and pyrite observed down hole.
Comment: Down hole or otherwise, it is clear that the idea of WSBN potentially being the new GGP does seem to have a degree of credibility in it. At the very least, the journey to finding out one way or another should be interesting.
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.
