Reuters: BT Group (BT.A) revenue slightly misses on international and handset declines. UK telecom provider’s fiscal year revenue declined 3%, slightly missing analyst expectations. Adjusted EBITDA was flat year-on-year and slightly beat analyst consensus. Company raised full-year dividend by 2% and updated dividend policy.
Comment: After decades of waiting, it would appear that BT is now longer an underperformer, weighed down by the legacy of being a nationalised player. While the slight revenue miss may be an excuse for some to take profits on the recent record share price run, it would appear that the re-rate will continue.
Yesterday afternoon it was announced that Inland Global were in on the Total Graphite (TGR) shareholder register at 19%.
Comment: Just in case we did not already know that TGR has turned itself around, we have evidence in the form of a chunky TR1. Interesting that our friends at Inland Global managed to get the stock – from someone.
Invinity Energy Systems plc (IES), a leading global manufacturer of utility-grade energy storage, noted FlexBase Group’s announcement that, following an in-depth competitive selection process that reviewed proposals from flow battery manufacturers from across the world, it has selected Invinity to design a GWh-scale vanadium flow battery (“VFB”) for deployment at the Technology Centre Laufenburg.
Comment: Given the way that we covered the recent share price breakout for IES shares, it would appear that everyone and their mother was already anticipating today’s news. God bless all those who made money and are taking profits today.
Buccaneer Energy Plc (BUCE) has received notification from Bono Energy Group Limited that it holds an interest in 1,147,460,000 ordinary shares in the Company, representing approximately 6.18% of the Company’s issued share capital.
Comment: Given that on the face of it we are in a boom for the energy sector, it has been noticeable that BUCE has been something of a disappointment. Presumably now that Bono are on the shareholder register something more significant of a turnaround may be seen in the stock, more than the 84% YTD.
Tungsten West (TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK, provided a Project Funding and debt update. The Company has entered into a binding US$25.0 million bridging loan facility with an entity controlled by Gregory Coffey. As previously announced, the Short-Term Loan Facility will fund the Project up to the first phase restart of fines gravity processing in Q3 2026.
Comment: Given how hot the military metal tungsten is at the moment, it is not surprising to see people throwing money at TUN. Indeed, it is perhaps surprising that the company has not managed to wangle more that $25m from our Gregory and friends.
Mkango Rare Earths (MKA) has filed a registration statement on Form F‑4 with the U.S. Securities and Exchange Commission in connection with the previously announced proposed business combination with Crown PropTech Acquisitions. Mkango Rare Earths Limited will apply for a Nasdaq Stock Market listing, the approval of which is a condition to the closing of the proposed business combination.
Comment: People on X have already been getting excited about MKA in recent days, even more than usual. Presumably all of them already knew that the Nasdaq listing news was on its way any day, and that this could bump up the share price.
Zinc Media Group plc (ZIN), the award-winning television, brand and audio production group, announced that it has been commissioned to produce a major television series in the GCC, with a contract value of $6m. The commission is expected to be recognised fully in the current financial year, with international distribution rights generating additional revenue over the longer term.
Comment: We have already been told in the recent interview I carried out with the company that it is in a purple patch as far as commissioning, and we have strong evidence of this state of affairs today. All that is needed now is for the share price to show some appreciation.
Botswana Minerals (BMIN), the AIM- and Botswana Stock Exchange-listed copper and diamond exploration company, announced that an AI-assisted exploration study across two of its eight northern Botswana licences has identified 36 copper anomalies grouped within six exploration “corridors” (geological trends containing clusters of anomalies). The licences lie within an under-explored geological corridor linking Namibia’s Damara Belt with the Central African Copperbelt of Zambia and the DRC: two of Africa’s most important copper regions.
Comment: Shares of BMIN have been in something of a sideways track as far as the price action since the summer. Perhaps today’s excited RNS mentioning AI assisted exploration may finally move the dial? Chartwise BMIN needs to break last year’s 0.26p resistance line.
Roadside (ROAD), the UK energy forecourt real estate business, confirmed that it has now received £14 million of cash proceeds from CGV Ventures 1 Ltd, following the exercise of the put option as announced on 31 March 2026.
Comment: Given that ROAD now has an £111m market cap, the arrival of £14m is of course welcome. This is especially the case given the ongoing rollout / acquisitions we are seeing from the forecourt focused companies, which is one of the faster growing players in its space.
Shuka Minerals Plc (SKA), an African focused mine operator and developer, is pleased to announce that, further to the announcement on 14 May 2026, it has successfully completed the first drill hole (“KBDD01”) at the No.2 ore body at the Kabwe Zinc Mine. Grades of up to 65.7% Zn encountered in hole KBDD01 at the No. 2 Ore Body. First drill hole exceeds pre-drill expectations and second drill hole now underway. Average drill hole grade of 18.02% Zn in the main intersection versus existing high-grade resource of 11.4% Zn. Supports objective of increasing existing NI 43-101 resources by 50%.
Comment: Given how much SKA is on the case as an explorer, and how well backed the area is by the market, it is perhaps disappointing that we have not seen the fully fledged turnaround in the shares one might have been expected. At least the floor in the shares towards 2.5p appears sound.
Nativo Resources plc (NTVO), the Peru-focused gold mining company, announced it has entered into a framework agreement with Constructora e Inversiones Andina Kuboc C&P SAC pursuant to which the parties intend to work together to identify, evaluate and, where approved by Nativo, develop new gold and other precious metals mining opportunities in Peru. Under the Framework Agreement, Kuboc will act as operator of any approved projects, with Nativo funding approved expenditure. Where a project proceeds to development, Nativo will hold a 75% interest and Kuboc a 25% interest in the project special purpose vehicle, subject to Nativo first recovering its invested capital. Nativo will have a pre-cost recovery “waterfall” where the profit share is 85% : 15% in favour of Nativo until full cost recovery.
Comment: Shares of NTVO gapped up earlier this month, and have stayed up. Indeed, today’s clever sounding framework agreement seems clever enough as a deal for NTVO that we should see further on the upside for the stock near term.
Hardide plc (HDD), the provider of advanced surface coating technology, announces its interim results for the period ended 31 March 2026. Revenue increased by 71% to £4.8m (H1 2025: £2.8m), driven by sustained new business momentum, including major contract wins with a leading North American energy customer. Strong margin expansion with operating margins of 26.8% and return on capital employed of 45.2% (H1 2025: both Nil), reflecting improved capacity utilisation across the Group and continued operational efficiency gains. H2 revenues will benefit from the recently announced additional £1.8m energy sector order, the new aerospace contract announced in December 2024 going into production, and the first order for industrial turbine blades since 2022.
Comment: Never has the wonderful world of advanced surface coating technology seemed so compelling, at least in terms of the ongoing momentum being reported by HDD. The company has even made industrial turbine blades sound interesting.
Bradda Head Lithium Ltd. (BHL), the North America-focused lithium development group, announced positive results from ongoing technical studies completed by SRK Consulting (UK) Limited (“SRK”) at the Company’s wholly owned San Domingo lithium pegmatite project in Arizona. The work forms part of the Company’s broader strategy to enhance exploration targeting, mineralogical understanding, and future metallurgical planning across its pegmatite portfolio. The work undertaken by SRK utilizes the historic exploration work undertaken by the Company and should be read in the context of previous updates on San Domingo. The resultant output generates more definitive targets for future campaigns
Comment: Although it arguably took rather longer than expected, we see that BHL shares have rallied hard in the past month, with the news today suggesting that we shall see much more as appreciation of lithium revives, and the Arizona postcode.
Great Southern Copper plc (GSCU), the company focused on copper-gold-silver exploration in Chile, is pleased to announce that it has commenced an audio-frequency magneto-telluric (“AMT”) geophysics survey across the La Colorada lithocap prospect at its Especularita Project. GSCU said “Scout RC drilling is continuing at the Artemisa North target, while preparation work is advancing at both the Viuda and Cerro Negro prospects as we progress exploration across multiple targets at Especularita.”
Comment: For some reason, despite a serious of positive RNS updates in the recent past, shares of GSCU seem rather sluggish near the low end of the range. That said, at least there would appear to be a floor in place towards 2.5p.
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.
