Yesterday Kavango Resources (KAV) advised that Mr Ben Turney is leaving his position as CEO, and as a Director of the Company, with immediate effect. Mr Peter Wynter Bee, Executive Chairman will step in as interim CEO whilst a new CEO is recruited. Mr Donald McAlister, a current NED, will assume the role of CFO on an interim basis, and Mr Gautam Dalal will assume the role of chairman of the Audit Committee.
Comment: Ben Turney leaving Kavango, is almost as shocking as Paul McCartney leaving The Beatles, or more recently George Roach, leaving Premier African Minerals, which is still hurts.
Orior Capital published a research note on Kefi Minerals (KEFI) titled “London’s Most Compelling Gold Play” and who are we to argue after the latest long awaited funding news / share price surge to 1.38p.
KEFI remains significantly undervalued: KEFI shares have risen over the past few weeks from very low levels driven by the market’s anticipation that Tulu Kapi is close to being funded into production, and higher gold prices. Despite this uplift in the share price, KEFI remains significantly undervalued. Valuing Tulu Kapi in line with other Africa-focused developers at US$4,500/oz of attributable planned annual production, and valuing the 15% stake in GMCO at US$120/oz of attributable gold or gold-equivalent (AuEq) resource, would underpin a valuation at construction start of 3.3 p/share. Tulu Kapi is expected to commence production in late-2027. Valuing the expected annual production at US$8,500/oz in line with current valuations for African gold producers, and factoring in start-up operations at Jibal Qutman, suggests a two-year, production start valuation of 7.1 p/share.
Tooru (TOO), a company focused on the health and wellness sector, said that Juvela, the Company’s leading gluten free producer, which recently launched its new retail brand, OAF, has now increased the number of products that it currently lists in Tesco to eight under the OAF brand, with week-on-week growth being achieved. At the same time, the Company is in advanced discussions with regard to listing these products with other major supermarket chains. TOO said “”We are increasingly confident in the prospects for Juvela and believe that it has significant upside potential. Gluten free consumers – especially the younger, health-conscious segment – are not connecting with brands on the shelf, perceiving them as second best to conventional bread. This presents a significant opportunity to engage this audience with a vibrant, characterful brand that resonates with them, whilst showing how tasty and simple gluten free bread can be through our product innovation.
Comment: TOO is fast shaping up to be a fully fledged retail presence, and one that certainly captures the zeitgeist in terms of the gluten free market. The prospect of further major supermarket distribution, gives the market and its share price something to look forward to.
Amazing AI plc (AQSE: AAI) a global fintech group specialising in online consumer loans and AI finance-related services, announces that Paul Mathieson, CEO, will provide a live Digital Asset Treasury Strategy presentation via Investor Meet Company on 6 November 2025 at 10:00 GMT, instead of the previous proposed date of 23 October 2025. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 5 November 2025, 09:00 GMT, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Amazing AI plc via: https://www.investormeetcompany.com/amazing-ai-plc-1/register-investor
Comment: One does not have to be Warren Buffett to work out that given the date of the presentation in a couple of weeks, by then AAI will have executed its leveraged but hedged crypto strategy and we will have the big reveal on what it is by then.
Vault Ventures Plc (AQSE: VULT), a London-based technology developer focused on blockchain and AI innovation, provided an update on the progress of its proprietary product, vSignal.ai. This announcement marks the completion of the platform’s third development cycle, focused on final feature integrations, enhancing system stability, and refining the frontend in preparation for launch. The third cycle delivered major improvements to chart functionality, interface design, and overall platform performance, with final backend and data synchronisation refinements to follow in the final development phase. Vault remains on schedule to complete its final sprint ahead of closed user testing commencing on 29 October 2025.
Comment: Despite VULT and many of its crypto treasure peers finessing their strategies since the early summer spike, the only sprints of late have been to the downside for the share price. It is difficult to work out what could change this state of affairs apart from cryptocurrencies multi-bagging from current levels asap.
Sulnox (AQSE: SNOX), the greentech company delivering lower fuel costs and emissions at zero capex, announced that it has secured an important patent for Europe in the significant fuel oil reclamation market. The patent covers 39 countries. The intellectual property protected for the “Sulnox Reclaim” product is an improved oil / water separation methodology developed by Sulnox, incorporating its patented green emulsification technologies.
Comment: Given that shares of SNOX have been sinking like a stone of late, it could very well be the case that today’s strong RNS is enough to turn the tide.
GEO Exploration Limited (GEO) announced the following update on drilling activities at its Juno Project in Western Australia. Further to the drilling update provided on 19 September 2025, the Company advises that drill hole JUD002 is complete and drill core has been promptly dispatched to the laboratory for analytical work. Assay results are expected to be received by the Company during the current quarter.
Comment: Shares of GEO have perhaps retreated rather more sharply than one might have expected from the 0.5p plus peak last month. That said, looking forward to assay results by year end could be supportive from current levels.
ImmuPharma (IMM), the specialist drug discovery and development company, announced the launch of its new corporate website, marking another step in the Company’s scientific and corporate evolution and placing its proprietary P140 autoimmune platform at the forefront of its strategy. Website Showcase | P140 Platform – Scientific Advancement and Mechanism of Action. P140 is a first-in-class peptide-based therapy designed to address the root cause of autoimmune and inflammatory diseases.
Comment: Although no one has been excited by the launch of a new website since 2003, P140 is exciting, could be a blockbuster, and is yet to be properly priced into the IMM share price.
Contango Holdings (CGO) announced that Oliver Stansfield, Non-Executive Director, purchased 4,803,334 ordinary shares of £0.01 in the Company on market, at a price of 0.8 pence per Ordinary Share on 22 October 2025. Following this share purchase, Oliver Stansfield holds 18,000,000 Ordinary Shares representing 2.4 per cent of the Company’s voting rights.
Comment: Given that Mr Stansfield is a company insider, a clever chap, and CGO currently look like a charting buy, his topping up in CGO makes sense.
Molten Ventures (GROW), a leading venture capital firm investing in and developing high-growth digital technology businesses, provided an update on its Net Asset Value (‘NAV’) (unaudited) and Gross Portfolio Value (‘GPV’) (unaudited) along with performance highlights ahead of announcing its half year results for the six months ended 30 September 2025 on 25 November 2025. GROW said HY26 demonstrated further growth in both GPV (5.5%) and NAV per share (7.2%), supported by a combination of hands-on portfolio management, improved market comparables, and the ongoing share buyback programme. There was a strong level of £62m realisations in HY26, following on from the £135m of cash proceeds realised in FY25. This underscores the maturity and depth of the portfolio, providing exposure to multiple growth themes across technology.
Comment: Given that no one apart from close family member of the board has heard of this company, it seems appropriate to given GROW a mention, if only to help out its PR company. The fact that the shares have nearly doubled since the April stock market dip helps too.
Guardian Metal Resources (GMET), a strategic development and mineral exploration company focused on tungsten in Nevada, USA, announced an operational update for the Company’s Tempiute (Emerson) tungsten project located 250 miles southeast of the Company’s Pilot Mountain project in Nevada. GMET “Tempiute continues to deliver strong technical progress across all fronts. The ongoing drilling programme is confirming the continuity and scale potential of multiple stacked skarn-zones, (the host alteration type for tungsten) in areas beyond the historical underground mined area.
Comment: We are reminded of how GMET has been the poster child for exploration / development companies, with the added bonus that everything that could have swung in the company’s favour and more have done so over the past couple of years.
Nativo Resources (NTVO), a gold-focused mining company with interests in Peru, provided an update. NTVO said ”It’s great to have boots on the ground again at Bonanza. The team is now fully prepared to begin this important preparatory phase. The Bonanza Vein Study is the key workstream required to develop an optimised mine plan. This phase of work is expected to take approximately 30 days. Meanwhile, Nativo has initiated tendering for the contract mining firm to restart operations, taking advantage of record gold prices.
Comment: Both the company and its share price have made the right noises in the past few months, something which one would expect given how positive gold is currently. Perhaps though the market needs to see more here before getting fully confident in this recovery play.
Haydale (HAYD), the advanced materials group, announced it has entered into two new contracts with Affordable Warmth Solutions (“AWS”), the community interest company established by National Grid to reduce fuel poverty and improve energy outcomes for vulnerable households. The contracts – one funding the purchase for winter roll-out of Haydale’s JustHeat system to vulnerable households and another supporting a grid stability trial – have a total value of approximately £450,000 over the next five months. This brings Haydale’s total contracted revenues with major UK energy network partners and AWS to over £1 million.
Comment: Yes, it did appear that HAYD is working with Amazon Web Services, rather than no doubt important in its own right Affordable Warmth Solutions. Perhaps one day this will be the case. But in the meantime HAYD is building up those contracted revenues quite nicely thank you.
Power Metal Resources (POW), the London listed exploration company and project incubator with a global project portfolio, announced the signing of a binding subscription agreement for an investment of £4 million in Apex Royalties Limited, a private, high growth, diversified, mining royalty company. POW said, “I am delighted to announce that Power Metal has secured a material position as an early and significant investor in Apex, backing an experienced team with a track record of success. Trident Royalties was successfully grown from inception as a cash shell to a portfolio of 22 royalties prior to its acquisition by Deterra Royalties Limited (ASX: DRR) for cash proceeds of £144 million, realising a significant return for investors.”
Comment: Given that POW has played a blinder in terms of its strategy and in a very friendly sector environment it is difficult to know what RNS it can serve up to get the shares to double from current levels, which might be considered as fair value.
St. James’s Place plc (STJ) today issued an update on new business inflows and funds under management for the three months ended 30 September 2025. STJ “I am pleased to report another strong quarter for new business, which underlines the power of our advice-led business model and the value clients place in the long-term, trusted relationships they have with our advisers. Gross inflows for the third quarter were £5.7 billion, up 30% on Q3 2024, reflecting both strong demand for financial advice and high levels of client engagement and activity ahead of the implementation of our new simple, comparable charging structure in late August. High retention of funds under management has driven net inflows to £1.8 billion, up 98%.”
Comment: It would appear that STJ has become popular again, with any ghosts of the past well and truly banished. The numbers are particularly impressive given the current squeeze on consumers, and the forthcoming kick in the proverbials they will receive in next month’s Budget / desperate cash grab for welfare squandering purposes.
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.
