The Telegraph: Treasury analysis ‘shows wealth tax would lose money’ Further increases to capital gains tax will lead to lower receipts, Tories claim
Comment: Of course, we know that Labour’s taxation policies are not to raise money. They are to erode individual wealth and part of a class war on people who would not vote Labour anyway. Instead, money can be borrowed to give to people to vote Labour. Indeed, why do people bother to work?
Halo Minerals PLC (HALO), the copper development company focused on extracting critical minerals from legacy mining waste, announced its Interim Results for the six months ended 30 June 2026. Highlights include successful AIM admission completed during the period raising gross proceeds of £4 million. Continued advancement of the Company’s flagship Playa Verde copper and gold tailings reprocessing project in Chile, underpinned by a JORC (2012) Mineral Resource Estimate of 53Mt at 0.24% Cu containing approximately 126,000 tonnes of copper which includes Ore Reserves of 32.2 Mt at 0.25% Cu. Ongoing optimisation work on the Definitive Feasibility Study (DFS) through the engagement of specialist consultants BIOS Mining & Infrastructure.
Comment: HALO is very much on its way, and with the tailings angle will be producing far sooner than many of the mining prospects that are its peers on the London market. Well cashed up, and in a very friendly location, it is in everyone’s interests that it operates in Playa Verde as soon as possible. The run up to the Bankable Feasibility Study this side of Christmas is a worthy share price catalyst for 15p and beyond.
Tungsten West (TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK, iannounced that, further to the Company’s announcement of the National Wealth Fund (“NWF”) fundraising on 25 August 2026, the Company has repaid in full the Short-Term Loan Facility announced on 21 May 2026. Following this repayment, the debt facility provided by the NWF has become effective.
Comment: If we ignore the risk of HM Government’s investment in the company being the kiss of death, everything about TUN currently looks to be top notch. The only question now is how easy and how much it will cost to get the tungsten out of the ground? The daily chart is pointing to a 70p end of 2026 target, at the least.
Serval Resources Plc (SRVL), a company focused on building an independent copper and future metals developer, presented its interim results for Serval Resources plc (AIM: SRVL) for the six-month period ended 31 May 2026. The acquisition of KCL has established the Company as a large landholder in two emerging copper belts: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana, both of which are under-explored in comparison to their prospectivity. Both regions hold similarities to the prolific Central African Copper Belt that runs through Zambia and the Democratic Republic of Congo, and have the potential for new sedimentary copper discoveries of significance, with the opportunity for strategic metal by-products such as silver. The Company’s portfolio is also enhanced by exposure to the Duékoué project, which is the subject of a Joint Venture Partnership and earn-in agreement with La Minière de L’Eléphant SARL (“Laminele”). This project is strategically located on the Archean-Proterozoic boundary in Côte d’Ivoire, where discoveries are exhibiting significant iron oxide copper gold (“IOCG”) and porphyry system characteristics, similar to leading deposits in Brazil and Australia.
Comment: SRVL remains one of the bubbling under explorer developers, in a crowded London stock market space. In addition it has strong in the know money backing it, as well as a top flight management. The share price train should leave the station sooner rather than later.
GenIP plc (GNIP), a provider of AI-driven services to help research organisations and corporations commercialise their innovations, announced its unaudited interim results for the six months ended 30 June 2026. Revenue of $53k (H1 FY25: $76k, excluding one-off Saudi contract). Gross margin of 6% (H1 FY25: 18%). Adjusted EBITDA loss of $692k (H1 FY25: $561k). Cash at period end of $410k. GNIP said “The Company enters the second half of FY26 with a good pipeline, deeper client engagement and increasing industry recognition. While first-half revenues reflect the absence of last year’s exceptional contract, underlying indicators are positive and aligned with the Company’s development stage. GenIP remains focused on disciplined execution, technology development and commercial conversion.”
Comment: GNIP is and always has been in a hot area. The key here is to scale up and boost margins, as well as perhaps adding a couple of zeros to the revenue numbers. Going forward everything depends on expanding the footprint and getting the product message out there.
Tooru (TOO), the AIM listed company focused on the branded health and wellness sector, announces that it has agreed to sell its 100% owned subsidiary, Market Rocket Limited, to MR’s management team which includes Matthew Peck, who was previously a director of Tooru. MR is a specialist accredited agency which partners with a range of clients, helping them to maximise their online sales potential across multiple digital channels. The consideration for the sale is £1, however, as part of the transaction, approximately £343K of external liabilities will be eliminated plus the intercompany balances with MR. For the period to 31 December 2025, MR accounted for profit after tax of £87K and, as at 31 December 2025, negative net assets of £233K after adjustment for intercompany balances.
Comment: It can be seen that TOO is certainly clearing the decks in order to focus on its core wellness business, which is already gaining traction via decent national distribution through big names. It is also pleasing to see that there is growing acknowledgment on the stock market regarding the prospects and especially the revenue potential there is here.
GENinCode Plc (GENI), the predictive genetics company focused on the prevention of cardiovascular disease (“CVD”) and assessment of ovarian cancer risk, announces the presentation today of preliminary clinical results by the Institut Català de la Salut (ICS), Government of Catalonia, Spain at the 2026 European Society of Cardiology (ESC) Annual Congress. The results showed a major advance in the prediction and potential prevention of coronary artery disease (“CAD”) using the Company’s CARDIO inCode-Score® Coronary Artery Disease Polygenic Risk Score (“CAD PRS”) test.
Comment: The small end of the London stock market seems to be going through something of a purple patch, perhaps because of the success of the larger blockbuster offerings such as the GLP-1 zone. This has trickled down to other large addressable market situations, in which GENI is gathering momentum. Recent share price resistance at 1.4p should be achievable during the autumn.
Imaging Biometrics Limited (IBAI) announced that its wholly owned US subsidiary, Imaging Biometrics LLC (“IB”), has entered into an annual subscription agreement with a major academic medical centre in the Midwest United States for IB Clinic, IB’s automated brain tumour imaging software. IBAI said “IB Clinic is the platform through which our technology reaches routine hospital practice at scale. Discussions continue with a number of medical centres interested in subscribing to our latest technology and we hope to update shareholders as and when they conclude.”
Comment: Trevor Brown’s vehicle looks to be making decent headway Stateside, something which is not only no mean feat, but also suggests that IBAI shares should be given both greater love, and a rather more flattering market cap. We shall see if there is follow through in the wake of today’s announcement, something which would be well deserved.
McBride plc (MCB), the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning/hygiene markets, today announced a strategic partnership securing two long-term contract manufacturing agreements with E.H. Group B.V., the global home care company behind brands including Air Wick, Calgon, Cillit Bang and Mortein. As part of this partnership, McBride has signed a Share Purchase Agreement (“SPA”) to acquire two dedicated manufacturing facilities located in Spain and Portugal for a nominal consideration.
Comment: MCB has already shown itself to be a safe pair of hands on the fundamental front, with today’s announcement underlining its credentials. Even more significant in the past year has been the obvious transition by the company from being a small cap with prospects into what should be a play of blue chip status before too long. The 16% share price rise today is something we should get used to.
Contango (CGO) confirmed the Subscription is now complete following the receipt of £5 million from the Subscription of 450,450,451 new ordinary shares at the issue price of 1.11 pence, a premium of approximately 80% from the closing mid-market price as at 27 August 2026. CGO said, ‘I am delighted to confirm the Subscription has now closed following the receipt of £5 million from the Strategic Investors, enabling all outstanding liabilities to be settled. The balance of cash plus the next dividend payment of a minimum of US$2 million due by the end of the year will leave the company with a solid balance sheet. Shifting to a royalty model has significantly streamlined the ongoing cost of the business and we anticipate being to commence dividend payments to shareholders in 2027.”
Comment: A £5m premium raise is certainly nothing to be sniffed at, and the move to a royalty model should see off the ghosts of the past as far as the less than glorious stock market perception of the company. It should be safe for the bulls to come out now.
KR1 plc (KR1), an onchain infrastructure company that owns, operates and earns income from the networks powering the convergence of AI and blockchain technologies, is pleased to provide an unaudited financial update on its onchain infrastructure operations for the month ended 31 July 2026. Technology Infrastructure operations: £34,332 income for the month. Financial Infrastructure operations: £13,940 income for the month. Aggregate infrastructure income (year-to-date, unaudited): £587,625. Net Asset Value: £31,428,812. Net Asset Value per Share: 17.70p.
Comment: Given that the Holy Grail, and what is missing from almost all digital asset plays is income, there should be rather more backing for KR1 than there has been. Of course the London market loves to value companies at less than their NAV, but surely if this is an income plays this is too mean a way to proceed. And of course, it looks like the cyrptos are back for a bull run, with Ethereum KR1’s largest holding.
Power Metal Resources PLC (POW) the London-listed exploration company and project incubator with a global project portfolio, is pleased to announce that on-site work has now commenced at its 100% owned Tati Gold Project located on the Tati Greenstone Belt (“TGB”) near Francistown, Botswana. Further to the share option agreement entered into with Tuscan Holding PTY LTD on 19th June 2024, and the recent achievement of key permitting and access milestones, Power Metal is pleased to report that the on-site work programme is now underway, marking the start of the next phase of technical advancement at the Project.
Comment: POW remains one of the more under-rated commodities plays, even though we seem to be entering another boom. Perhaps the market does not like the incubator concept, or perhaps there is just too much going on here for investors to understand what they are actually wishing for? When they do we shall see a proper share price / valuation.
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.
