RNS Hotlist with Zak Mir: AMC, SLE, BRSD, GRX, GGP, CCZ, CHLL & ADV via Vox Markets

Amur Minerals (AMC) has continued its run of mainstream media coverage – via The Times. Here the paper was looking to pin the tail on the M&A donkey, naming Vladislav Sviblov as the man with £100m burning a hole in his pocket with regard AMC.

By Zak Mir

The Times backed up its call saying that Sviblov’s shopping list has included Highland Gold and Trans Siberian Gold. With a close at 3.88p AMC shares are trading at a market cap of just over £50m, quite a discount to the putative take out price. What might goad investors into a lesser discount, would of course be the arrival of other interested parties to Amur – leading to a bidding war. Given Nickel’s current strategic value in the EV space particular, such a scenario cannot be ruled out.

The San Leon (SLE) saga continues, but may be nearing its conclusion according to yesterday’s RNS. The independent oil and gas production, development and exploration company focused on Nigeria, said that its investment in the Oza oil field in Nigeria is now proceeding with the following amendments. On 1 September 2020, San Leon announced that it had conditionally agreed to provide a $7.5 million loan to Decklar Resources, via 10% per annum unsecured subordinated loan notes of Decklar. Decklar is the holder of a Risk Service Agreement with Millenium Oil and Gas Company Limited in relation to Oza. San Leon also announced that it would conditionally subscribe for a 15% equity interest in Decklar at nominal value. SLE now says Decklar’s advancement of the project in the interim period means that it is now committing funds on the back of greater clarity around the field performance, which should de-risk the project.

BrandShield Systems (BRSD), a provider of cybersecurity solutions for brand oriented digital risk protection, announces a placing to raise gross proceeds of £1.5 million. In the year-ended 31 December 20212, the company continued to make significant operational and financial progress, with highlights including strong financial momentum, delivering $5.22 million ARR, up 59% year-on-year (2020: $3.28 million).

GreenX Metals (GRX) presented its Quarterly Activities Report for the period during and subsequent to 31 December 2021. The company was keen to emphasise an Earn-in Agreement signed to acquire up to 80% in Arctic Rift Copper Project in Greenland (ARC). The large-scale project with historical exploration results is indicative of an extensive mineral system with potential to host world-class copper deposits. The company has filed a Claim for compensation against Poland with the Tribunal in the amount of £806 million, which includes an assessment of the value of GreenX’s lost profits and damages related to both the Jan Karski mine and Debiensko mines, and accrued interest related to any damages. The current market cap of GRX is close to £30m.

Greatland Gold (GGP), a mining development and exploration company, updated at the Havieron gold-copper project in the Paterson region of Western Australia. The company said high grade extensions to the Eastern Breccia 200m to the SE of previous drilling confirm the potential for a separate NW trending Eastern Breccia corridor to host Crescent Zone style high grade mineralisation. The most significant result seen outside of the South East Crescent Zone to date have been revealed, with HAD104: 62.5m @ 5.9g/t Au & 0.30% Cu from 1,546.5m including 49.4m @ 7.1g/t Au & 0.38% Cu from 1,554.6m.

Castillo Copper (CCZ), a base metal explorer, announced changes to the Board of Directors and Officers of the Company and provided an operational update. Dr Dennis Jensen, incoming CEO of Castillo Copper said that the Board’s objective will be to prove up JORC 2012 resources and further develop the Arya Prospect located in the Mt Isa copper-belt. In addition, it expects to have multiple targets to drill-test across the Luanshya and Mkushi Projects in Zambia’s copper-belt.

After hiring a man from Mars yesterday, Chill Brands (CHLL) served up its interim results today. Revenues for the six-month period ended 30 September 2021 increased to £1,073,872, more than an 18x increase vs. the £54,554 in revenues that the company reported for the same period in 2020, and an increase of more than 230% as compared to the £320,875 in revenues that the Company reported in its last full fiscal year. It will be interesting to see what the company’s multifarious stone throwers make of the latest improved metrics.

Advance Energy (ADV), the energy company seeking growth through acquisition or farm-in to discovered upstream projects, provides the following corporate update. While not mentioning that investors in the stock ahead of the Buffalo-10 well have had something of a Charge of the Light Brigade experience, the company did say it has undertaken a review of its cost structure in order to significantly reduce costs. The Board has implemented measures to reduce costs by over 50% through a number of initiatives, including reducing salaries and Director fees by over 60%. Shares of ADV are down 94% over recent days, so perhaps salaries could have been reduced by this kind of quantum.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.


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