Coinsilium Group Limited (AQSE: COIN), the Web3 advisor, venture builder and investor, announced a strategic financing, with director participation.
This raised £472,500 at an issue price of 2.5p per share. COIN said the rapidly rising cryptocurrency prices obviously bodes well for its crypto-treasury position, and the strengthening market also appears to have generated further investor interest in Coinsilium, which is understandable given that it has seen before, in the previous cycles of 2018 and 2021, quite a close correlation between cryptocurrency price movements and marked market capitalisation growth for the Company.
Comment: With Bitcoin hitting all time highs this week, the timing of the fundraise at Coinsilium is spot on. As the company reminds us, the former spikes in crypto coincided with share price rises for COIN, and we can expect this and more on the current cycle.
Kinovo (KINO), the specialist property services Group updated on its discontinued operations. The Group continues to make positive progress towards concluding the remaining projects relating to DCB Kent, its former construction division, with a further four sites having their build completed subject to only final minor snagging checks. This means that a total of seven of the nine projects will soon have been concluded and before the end of Kinovo’s financial year. KIN said it looks forward to bringing its DCB legacy issues to a conclusion whilst the continuing business performs well, demonstrating robustness, resilience and growth. The continuing business is performing strongly during the peak trading season and the Board continues to anticipate the outlook for the full year ending March 2024 to be at least in line with that provided on the 9 February.
Comment: It would appear that KINO is emerging from recent issues, putting them behind it, something which could allow the shares to resume the recovery from the 10p zone in 2022, which took the shares to 68p at the start of 2024.
Kasei Digital Assets (AQSE: KASH), a digital asset and web 3.0 investment company, announced it has changed its name from Kasei Holdings PLC to Kasei Digital Assets PLC. The change of name became effective on 6 March 2024. The company also announced that Bryan Coyne, NED has bought 76,500 shares at 9.75p.
Comment: KASH shares were included in the Bulletin Board Heroes charting video earlier this week, before the latest news, as it appeared that the stock is on its way to 14p. Like COIN it would appear that KASH is set to enjoy the current boom in digital assets.
Tirupati Graphite (TGR), the specialist flake graphite company, noted the recent report by Benchmark Mineral Intelligence on the global graphite producers which highlights the strength of the Company’s position in this growing market. TGR said graphite has long been recognised as one of the critical minerals for the energy transition. With extremely limited production outside of China, western governments and international OEMs are keen to see new sources come on stream, but with significant demand growth forecast it believes that prices will rise significantly in coming years to incentivise additional capacity creation. Its current and future operations in Mozambique and Madagascar will be at the centre of one of the key regions of future graphite production, further underlining Tirupati’s incredible potential.
Comment: There has been a lot of rejigging at TGR of late, especially in terms of the management of the company. But of course, a key driver here has to be the price of graphite itself, something which should back the company given the need to ween ourselves off China supply.
Kavango Resources plc (KAV), announced the Company has formed a new subsidiary in Zimbabwe; Kavango Mining (Pvt) Limited. Kavango Mining will become the Company’s mining arm in Zimbabwe and will move into revenue this month. Further, the Company announced it has signed its first contract to commence immediate gold mining operations at the Hillside Project.
Comment: From this month, Kavango moves into revenue through gold production at Hillside. Following the announcement of their maiden gold resource estimate at Nara, this is the second major milestone for the Company this week. Current revenue at Hillside amounts to around $30,000 per month and the operation there is already profitable. Continuous production at Zimbabwe gold projects secures the ground and forms an important part of any long-term development plan.
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.
