Ascent Resources (AST), the onshore US focused oil and gas company, updated investors in relation to the Company’s ongoing domestic disputes arising out of the insolvency of the Company’s former Slovenian joint venture partner, Geoenergo d.o.o.
The parties are in direct discussions exploring an amicable, holistic solution to these interrelated matters. ASL remains focused on a pragmatic outcome, which could include ASL’s exit from any remaining interests in plant and property in Slovenia; however, there is no certainty that agreement will be reached. Further updates will be provided as appropriate.
Comment: Today’s announcement reminds us that AST remains one of the better of the stock market’s coterie of arbitration plays, if only on the basis that we have the timeframe already published.
Greatland Resources (GGP) provided the following preliminary production update for the September 2025 quarter. Production of 80,890 oz Au and 3,366 t Cu; All-In-Sustaining-Cost (AISC) is still to be finalised and will be reported in the September 2025 Quarterly Activities Report, but is expected to be around the lower end of FY26 guidance; FY26 guidance remains 260,000 – 310,000 oz Au at an AISC of $2,400 – $2,800/oz Au; Sales of 82,199 oz Au and 3,277 t Cu; and Cash at 30 September 2025 of $750 million (30 June 2025: $575 million) and nil debt which represents a cash build of $175 million for the quarter, after capital expenditure.
Comment: The company which has just won the AIM Awards 2025 transaction of the year, now perhaps known as the old Wishbone Gold (WSBN) is clearly enjoying itself at the moment. Nil debt is certainly something to show off about. Indeed, the only stone anyone could throw at the company is that it is lucky the gold price has taken off towards $4,000 given that its AISC would have been regarded as high even as recently as a year ago.
capAI (CPAI) announced the incorporation of capMedical Inc, a wholly owned US subsidiary established to advance the Group’s artificial intelligence-driven medical and longevity initiatives in the United States. The incorporation of capMedical Inc in the State of Delaware marks a new operational milestone as the Company initiates its capMedical division, which forms part of capAI’s broader Identify, Incubate and Invent strategy.
Comment: It would appear that CPAI is keen on riding the stock market’s current AI related boom, and add extra colour to its palette in the space. Hopefully, its longevity initiative will go rather better than others in the space.
Insig AI (INSG), a provider of AI-led analytics and machine learning solutions announced that following receipt of an unsolicited offer of equity investment, it has raised gross proceeds of approximately £500,000 at 30p. The placing price represents a discount of 7.41% to the closing share price on 6 October 2025 of 32.4p. The Placing proceeds will be used for general working capital purposes including bolstering Insig’s sales activities and the continuing evaluation of the Company’s strategic options including the potential establishment of a fund dedicated to investments in digital assets and related enterprises.
Comment: Yes, INSG is currently hotter than July, and yes, it would appear that people are happy to throw money at the company, and do so at a top dollar share price.
Reabold Resources (RBD), the investing company focussed on developing strategic gas projects for European energy security, is pleased to announce that it has entered into a binding, conditional agreement with Beacon Energy (BCE) in relation to a significant strategic investment in LNEnergy. As part of the Proposed Transaction, Reabold is selling its total interest in LNE to Beacon for a €16 million earn out mechanism pursuant to which Reabold will receive 25% of its pro rata share of the net cash flow from the Colle Santo project once on production.
Comment: A great deal for RBD, especially given that there have been one or two siren voices doubting the merits of LNEnergy. It would be good to know when LNEnergy will go into production, and if it is so good why RBD is sharing the love with BCE?
Imperial Brands (IMB) said it is on track to deliver full-year guidance for FY25 and announces further £1.45bn share buyback for FY26. Trading in line with guidance, underpinned by growth in both tobacco and NGP. Expect market share gains in the US, Germany and Australia, to broadly offset declines in Spain and UK.
Comment: One of the finest sin stocks around, with both the share price, and the profits trajectory remaining in a steep uptrend. When the going gets tough, the tough smoke.
Inspiration Healthcare Group (IHC), the global medical technology company, announced its unaudited interim results for the six months ended 31 July 2025 (H1: FY26). Group revenue up 41% to £24.0 million, (H1 FY25: £17.0 million). Growth driven by neonatal product sales, Middle East contract and UNICEF contract delivery Gross profit of £11.1 million (H1 FY25: £7.4 million). IHC said “Looking ahead, our focus remains on executing against our robust order pipeline, expanding our presence in the US and Asia-Pacific markets, and delivering life-saving solutions to the most vulnerable of patients. I am confident that these actions lay the foundations for continued profitable growth in our underlying business in H2 and beyond.”
Comment: Shares of IHC are up 84% so far this year, but arguably given how hot the latest update is, and how strong the outlook is, they should be up rather more. All this and just a £20m market cap.
United Oil & Gas Plc (UOG), the oil and gas company with a high impact exploration licence in Jamaica and development asset in the UK announced details of a conditional placing and a conditional subscription to raise approx. £2.33 million at a price of £0.0015. The net proceeds of the Fundraising are expected to provide the Company with cash resources through 2026 and will be used to advance the Piston Coring at the Walton Morant Licence, offshore Jamaica.
Comment: The last placing was in July. That said, those performance related options announced last month at 0.54p have a little more work to do given the way the shares are trading at 0.15p. We look forward to a 4x rebound in due course.
Valereum Plc (AQSE: VLRM) provided an update on the progress of VLRM Markets, the Company’s regulated tokenisation marketplace, as it marks four months since its launch on 30 May 2025. Since launch, VLRM Markets has achieved commercial traction, having commenced revenue generation, built a compliant tokenisation infrastructure, onboarded issuers and expanded its partner and ambassador network. Key highlights for the first four months include: Revenues of $135,000 USD generated in September 2025.
Comment: After all VLRM’s recent iterations and manifestations, it would appear that the latest tokenisation effort is one that could be a winner, at least in terms of providing regular income.
Orosur Mining Inc. (OMI), announced an update on the progress of exploration activities at the Company’s flagship, 100% owned, Anzá Gold Project in Colombia. OMI said “Pepas continues to move inexorably forward. The NI43-101 MRE process is rigorous, but all of the pieces are falling into place”.
Comment: OMI is perhaps the company which is perhaps as much of an heir to Greatland Gold, as Wishbone Gold, despite residing in a totally different part of the world. It seems set to keep on beefing up its exploration wins.
Cohort (CHRT), the independent technology group, announced that its wholly owned subsidiary MASS has been awarded a four-year contract to provide airborne countermeasures and associated services to a UK defence prime contractor for an international end customer. The contract is valued at £15.7million. CHRT “This contract is another example of MASS’s world-leading reputation for countermeasures development, highlighting its unique position in the spectrum warfare sector.
Comment: Another AIM Awards 2025 alumnus, with today’s update all the more satisfying given that the awards can very often be the kiss of death for a company in the following 12 months. CHRT looks as though it should be safe.
Ironveld (IRON) announced that its 74%-owned subsidiary, Lapon Mining (Pty) Ltd, has entered into a binding Mining Operations Agreement with Daemaneng Minerals (Pty) Ltd through which Daemaneng will assume full responsibility for all mining operations, including all capital and operational expenditure, at the Lapon site over a five year period. Under the Agreement, Daemaneng will assume full responsibility for all mining operations at the Lapon site –
Comment: It would appear that IRON has cracked it in terms of being on the receiving end of a sugar daddy development deal, one that allows it to sit back and enjoy the ride both operationally and for its share price.
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.
