Ajax (AQSE:AJAX), the natural resources investment company announced the admission to trading of its shares to Aquis with effect from 8.00am today.
AJAX said “Ajax’s admission to the Aquis Stock Exchange as a natural resources investment company, following the completion of the acquisition of the Eureka Gold and Copper Project, marks a significant milestone for the Company as we enter an exciting new phase in Ajax’s development. We are pleased to have successfully raised £1 million, complementing our existing financial resources. It is to be underlined that the Board has invested approximately £330,000.”
Comment: With the board leading from the front, and some of the great and good among private investors on the shareholder register, AJAX would appear blessed. This is particularly the case after pulling off a humdinger of a deal regarding Eureka.
Tiger Royalties and Investments (TIR), an investment vehicle focused on incubating technology and mining projects, announced an operational update for its Tiger Alpha Bittensor Subnet. The Tiger Subnet was purchased on 15th of May and in one month of operation the Tiger Subnet is currently producing over six TAO, Bittensor’s native cryptocurrency, which is over $2,300 USD, per day in subnet revenue, equating to a monthly run rate for the subnet of almost $70,000 USD. The Bittensor network is a proof-of-state blockchain and a subnet id a self-contained, incentivised ecosystem built on top of the Bittensor network, each with a unique purpose and inventive mechanism.
Comment: Although one is relatively sure almost no one actually understands what a Bittensor Subnet is, it all sounds on the money / zeitgeist, and has the back of the great and the good in the market.
Valereum (AQSE: VLRM) announced the appointment of Gary Cottle as its new Chief Executive Officer (CEO), with immediate effect. He said “”I’ve seen many cycles of development in 30 years of TradFi, from the ‘Big Bang’ of the 1980s through rapid changes and challenges at Barclays and Morgan Stanley – managing the bailouts of Bear Stearns, Lehman Brothers and RBS – to a decade of business optimisation at RBS and Nomura as advancing technologies were embraced.”
Comment: Given the share price rollercoaster, and fundamental ups and downs at VLRM in the recent past, it sounds like our Gary’s skills at Bear Stearns, Lehman Brothers and RBS could come in handy.
ACG Metals Ltd. (ACG) announced that Berenberg and Canaccord have initiated equity research coverage on the Company. ACG said “We are pleased to welcome expert analyst coverage from Berenberg and Canaccord confirming our compelling equity story. As outlined in the research reports, ACG Metals is founded on best-in-class management, a highly cash-generative asset in Turkey, and a disciplined long-term M&A strategy. As we continue to build our brownfield expansion project at Gediktepe on time and on budget, this coverage should increase our visibility and give the market further insight into our strategy, execution, and a massive potential for the long-term value creation.”
Comment: Although Berenberg and Canaccord are lovely people to have around, it is still good old retail investor exposure such as Zakstraderscafe that can really get a company on the map, even the good ones.
Mosman Oil and Gas Limited (MSMN) the helium, hydrogen and hydrocarbon exploration, development and production company, announced an update on the second well in the drilling campaign at the Vecta Project, Colorado, US. Drilling has commenced and casing set in the Richardson TH well on “The Bard” lease area. This is the second location in the five-well drilling campaign.
Comment: It is still probably the case that the market is attempting to get over the last fundraise from the company. Nevertheless, the follow of MSMN does seem to have enough loyal followers to renew the share price momentum.
Tirupati Graphite plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announced that it has reached formal agreement with the required majorities of holders of each of its 2019 and 2022 issues of convertible loan notes to amend the terms of the respective notes.
Comment: It would appear that after all the management changes at the company, TGR is well on its way to being back on track as a major graphite producer, something that the market may be behind the curve on.
Incanthera (AQSE: INC), the Company focused on innovative technologies in dermatology and oncology, announced breakthrough research demonstrating the protective effects of Skin + CELL against UV-induced damage in human skin cells. An independent study run by Skin Life Analytics Ltd, Newcastle confirms that Skin + CELL protects the skin’s energy centres, the mitochondria, which play a key role in overall skin health and appearance.
Comment: Those who still have a face like a baby’s bottom, even after sunbathing, drinking and smoking can look away. But this does sound as though it is good for one’s mitochondria, especially for those in middle age and beyond.
Bezant (BZT), the copper-gold exploration and development company, announced on 6 February 2025 that ASX listed Blackstone Minerals Ltd had announced a proposed merger via a scheme of arrangement with IDM International Limited through which the Company holds its interest in the Mankayan Copper Gold project in the Philippines.
Comment: After a rather long gestation period we have the kind of deal that can take BZT to the next level, and as far as copper gold is concerned, do so at a timely part of the cycle.
CPP Group (CPP), announces a revised strategy to focus solely on Blink and to dispose of its remaining legacy assets. CPP announces that it has completed the disposal of CPP Sigorta Aracilik Hizmetleri Anonim Sirketi for a total cash consideration of approximately £4.6 million. In addition, Blink has entered into a three-year licence agreement valued at £1.5 million, granting distribution rights for its cyber security product across pre-agreed markets. The Group also confirms that it is in advanced discussions regarding the potential disposal of CPP Assistance Services Private Ltd.
Comment: For a second one was in the brace position as far as CPP becoming a Bitcoin Treasury company, but no. It would appear that the company is going for being a real business.
AO World (AO.), the UK’s “most trusted” electrical retailer, announced its audited financial results for the financial year ended 31 March 2025. AO said “Our core B2C Retail business saw strong growth in the year, in line with our expectation of delivering double-digit growth. As planned, adjusted profits on a like-for-like basis grew faster than revenues at 32% despite macroeconomic headwinds, with LFL adjusted profit before tax above the top end of our previously upgraded range of £39 to £44m.”
Comment: One’s initial reaction to AO’s great results is “who buys the stuff in the current environment?” and even on reflection this remains the sentiment. In such circumstances full credit has to go to the company in question.
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.
