Synergia Energy (SYN), said “Following a detailed strategic review and given the persistent gap between our net asset value and market capitalisation, the Board has determined that divesting our remaining Cambay interest represents the most effective way to unlock value for shareholders.
The terms agreed with Selan reflect a compelling valuation relative to our current market cap and will provide the resources to return capital to shareholders while supporting the advancement of new strategic initiatives.” SYN also updated regarding its Cambay PSC (WI: 50%), onshore India. Selan Exploration Technology Limited have contracted a 50-Tonne workover rig with Aakash Exploration to undertake three workovers, commencing with a workover on the C-64 well.
Comment: Judging by the initial share price reaction to the transformational news regarding SYN, the historic lack of admiration for the company continues. Today’s 8% initial share price fall underlines how its sems SYN still can’t catch a break.
Bezant Resources (BZT) Holding(s) in Company. Jonathan Swann goes up from 4% to 5% on the shareholder register.
Comment: The recent sharp share price rise in BZT shows there is rather more to the rally apart from the company’s recent Final Results and the Mankayan Project Update. What could this speculation possibly be based on?
Conroy Gold and Natural Resources (CGNR) reported excellent results from the Company’s sampling programme which has led to the discovery of five additional gold anomalies along the Skullmartin gold trend, which now extends to over 30km in length running Northeast to Southwest in the Longford – Down massif in Ireland.
Comment: If one can put aside the concern of whether CGNR is a scalable gold company, the latest news does seem significant enough to warrant a share price rally from current levels.
Georgina Energy (GEX) updated on progress in relation to its Mt Winter permit and well re-entry program. The Company has submitted the following documents to the Central Land Council in support of the finalisation of an Aboriginal Land Rights Act agreement required for the granting of the selected priority area of EPA155 by the Northern Territory Minister for the Department of Mining and Energy.
Comment: Just when you thought that the forces of darkness had given up on picking bullying the company, and its share price, the onslaught, which really does not seem justified given operational progress, continues. That said, 5p – 6p does so far appear to be a decent support zone.
Gelion (GELN), the global energy storage innovator, is pleased to announce the commencement of the Australian Renewable Energy Agency (“ARENA”) AUD $4.8 million (c. £2.3 million grant for its Advanced Commercial Prototyping Centre Project in Sydney, starting on 9 July 2025. GELN said “With the acquisition of the Oxis technology portfolio from Johnson Matthey, the acquisition of OXLiD in the UK, and the most recent collaboration agreement with the Max Planck Institute of Colloids and Interfaces, Gelion is now well-positioned to progress with the ACPC project.”
Comment: Although GELN has successfully keep a low profile in the market (even I had to look up the EPIC code), there are decent signs that the company is gaining significant traction in its currently very hot battery storage space.
Bluebird Mining Ventures (BMV) a pan Asian gold project development company, announced that the agreement over its gold project in the Philippines has now been executed. Bluebird will receive a 10% profit share from the Philippine gold project in perpetuity over the life of the mine with the implementation of a transparent dividend policy to ensure cash receipts. Bluebird will also receive additional bonus payments of USD 250,000 at every gold sales milestone of 5,000 oz subject to the average gold price over the period being over $3,000/oz.
Comment: Although followers of the stock may be now justifiably focused on crypto developments, it can be seen that BMV has done well in tidying up its gold project with the numbers looking suitably favourable.
Blencowe Resources (BRES) announced receipt of a further $0.75 million tranche of grant funding from the US International Development Finance Corporation, bringing total funds received under the overall US$5.0 million technical assistance grant to $4.75 million (95%). The final tranche of $0.25 million will be paid upon completion of the Definitive Feasibility Study.
Comment: As Chairman Cameron Pearce underlined in a Zakstraderscafe interview yesterday, he expects BRES to be a career defining company for all concerned. As I suggested, if the US Government was bankrolling my company, I would be dancing in the streets.
Metals One (MET1), a minerals exploration and development company, provided the following information in relation to a settlement agreement with 80 Mile PLC, the issue of Consideration Shares in respect of the acquisition of the Uravan Uranium-Vanadium Project in Colorado, and the issue of equity pursuant to warrant exercise notices. The Company will not therefore continue with the acquisition of the Hammaslahti or Outokumpu projects in favour of prioritising exploration expenditure for other projects including in the USA where the Company has secured strategic footholds in prolific uranium and gold regions.
Comment: MET1 continues its pivot from Scandinavia to the USA, with sexier commodities, and well cashed up to do so. This explains the recent rebound from 7p to 21p in a matter of weeks.
Cel AI (CLAI) announced the expansion of its Bitcoin treasury reserves with the acquisition of an additional 2.52 Bitcoins for approximately USD$274,000 (approximately USD$109,000 per Bitcoin). This transaction continues the implementation of Cel’s treasury diversification strategy focused on digital asset reserves. Following this acquisition, Cel’s holding in Bitcoin is 8.70 BTC.
Comment: Having just raised £10m via our friends at Oak Securities, CLAI is essentially fully cashed up and walking on water. It will be interesting to see how it well it can finesse its treasury strategy versus an increasing number of peers.
Springfield Properties (SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announced that it expects to report profit before tax for FY 2025 in line with current market expectations and that the Group’s focus on the removal of its bank debt has enabled it to reduce net debt in excess of market expectations. The Group expects to report an increase in revenue to £280m (2024: £266m), driven primarily by the significant growth in land sales, including through the Group’s agreement with Barratt Redrow.
Comment: While we await the government’s promise to build millions of new homes that are not needed for migrants, a decent real world business stands out in the form of SPR. Any dips in the stock below 90p remain decent buy opportunities.
Audioboom (BOOM), the leading global podcast company, provided a trading update for the quarter ending 30 June 2025. Q2 adjusted EBITDA profit of US$1.2 million, US$1.0 million higher than Q2 2024 (US$0.2 million), highlighting the continued strong performance of the business model. Q2 gross profit of US$4.0 million, up 35% on Q2 2024 (US$3.0 million) representing a gross margin of 23% (Q2 2024: 18%).
Comment: Although BOOM clearly wants us to be impressed by its numbers, if a “leading global podcast company” can only make a million or two, we are not looking at a compelling investment. One would assume there are DJs in Ibiza who can make more money than this. The £50m market cap makes the company look fully valued, even if M&A knocked on the door, which currently seems to be the only possible share price driver.
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.
