Eurasia Mining (EUA) late Monday said it has agreed to sell its West Kytlim mining operations in the Urals to a Russian company for USD9 million, saying the decision reduces the risk the mine will be nationalised by Russia without compensation in response to the freeze of Russian assets in Europe. Eurasia said the sale of the producing, but loss-making, operations also will allow the company to concentrate on its more resource-rich, and better legally protected, Arctic assets in Russia.
It explained that the Arctic assets, including the “cornerstone” Monchetundra-NKT cluster, benefit from an agreement signed in 2021 with state-owned Far East & Arctic Region Development Corp. (Alliance News)
Comment: There are a couple of miracles associated with the latest news from EUA. The first is being to sell anything in the middle of a Russia / Ukraine war, and second that for the longest time EUA has been accused by its psychotic haters / shorters, that none of its assets had any value. Well, it would appear that they do even in the present environment.
Pantheon Resources plc (PANR), the oil and gas company developing the Kodiak and Ahpun oil fields immediately adjacent to pipeline and transportation infrastructure on Alaska’s North Slope, announced its results for the financial year ended 30 June 2025. PANR said “During the year, we also made progress advancing key strategic and technical initiatives, including engagement with Glenfarne in connection with the proposed Alaska LNG project, ongoing work related to the Environmental Impact Statement and Trans Alaska Pipeline System (TAPS) engineering, and ongoing appraisal activities at Dubhe-1. The appointments of Max Easley as Chief Executive Officer and Tralisa and Erich to the Executive Team further strengthen the Company’s leadership and financial oversight as we continue to evaluate development pathways on behalf of our shareholders.”
Comment: Apart from the $30m fundraise in September, for 2025 it is has been a case for PANR that anything that could go wrong has. While the company still has some cash left, unless it actually gets a well / project over the line (billions of barrels), the current flying like a lead balloon share price trajectory could be a correct predictor of the company’s prospects in 2026.
Zephyr Energy plc (ZPHR) provided a year-end update. ZEPHR “I believe 2026 will bring the next significant phase of growth for Zephyr as we utilise our strong foundation to create value for shareholders. Interest in the Western U.S. gas and oil markets markedly increased during 2025, and the Company is encouraged by its ongoing discussions regarding the acceleration of Paradox development activity.”
Comment: It may now be difficult to believe that ZPHR was once a stock market darling. Arguably it lost this status by trying to over expand, raising too much cash, and trying to become the next Aramco. That said, if production can go up, and it can stop trying to conquer the world, 2026 could be a better year than recent ones.
Ocado Group plc (OCDO) has announced that mutual exclusivity has now ended with retailers in the majority of markets where Ocado’s technology is currently live, including the USA with Kroger. As the Company announced at its Half Year 2025 results in July, it expected to roll off exclusivity arrangements by the end of the year in the majority of markets. This enables Ocado to bring its proven and much evolved technology offering back to market in many of the world’s largest grocery markets.
Comment: If Laker Airways, BHS, Northern Rock, RBS, Arcadia, Blockbuster, Toys R US and Poundworld, had the kind of loving support (financial and otherwise) that OCDO has had over the past couple of decades, they would all still be with us. Indeed, it has a £2bn market cap. Perhaps it could register as a charity?
GoldStone Resources Limited (GRL) announced that it has agreed an amendment to the terms of the standstill agreement originally entered into on 29 December 2023, in relation to its existing gold loan agreement with Asian Investment Management Services Ltd entered into on 19 June 2020, pursuant to which the maturity date of the Gold Loan has been extended and interest payments have been temporarily deferred.
Comment: One would presume a couple of things as far as this latest news from GRL. The first is that one can say that the market was expecting the AIMS loan to be extended, judging by the share price. The second is that they would not be extending without good reason. So perhaps, watch this space.
Westminster (WSG) announced that, due to timing constraints, the Company’s Audited Annual Report and Accounts for the Year Ended 30 June 2025 will not be finalised by 31 December 2025 and therefore in accordance with the AIM Rule 19, trading in the Company’s ordinary shares on AIM will be temporarily suspended from 7.30am on 2 January 2026.
Comment: One of the many things wrong with the stock market, and companies being listed, is this finalised accounts / share price being suspended issue. It could be argued that if this is just a matter of needing more time, the shares do not need to be suspended. But of course that would be far to helpful and creative an idea for the London stock market, where we sadistically enjoy share suspensions, and causing investors pain and uncertainly.
Savannah Energy (SAVE), the British independent energy company focused around the delivery of Projects that Matter provided the following operational and financial update for the 11 months to 30 November 2025. SAVE said “Throughout 2025, Savannah has made solid progress across the nine focus areas we set out at the beginning of the year. In Nigeria, we increased our rate of cash collections year-on-year and made significant progress in refinancing our debt facilities.”
Comment: The best that can be said about SAVE currently, is that it looks as though it has taken a couple of months for the share price, and investors to recover from the October £11m fundraise / share buyback. That said, the company is doing difficult things in challenging geographies, so it may be too early for the bulls to sing victory.
Defence Holdings PLC (ALRT), the UK-listed sovereign defence software company, announces the launch of its national security executional pillar through its technology division, Defence Technologies. This pillar focuses on the application of sovereign AI to domestic security and resilience and directly addresses the priorities set out in the UK Strategic Defence Review. As part of this launch Defence Technologies can also announce the first collaboration/project under this pillar, a strategic collaboration with Gloucestershire Police to deliver a Proof-of-Value (PoV1) programme for AI-enabled automation of ROVI (Record of Video Interview) and ROTI (Record of Taped Interview) reporting.
Comment: Anything or anyone that helps Gloucester Police (or any other police force) arrest and subsequently have people jailed for tweets has got to be a positive in the current environment. That said, ALRT really needs to show how it can commercialise such arrangements, rather than just risk being in perpetual testing / trial mode.
Europa Oil & Gas (EOG), the AIM quoted West Africa, UK and Ireland focused oil and gas exploration, development and production company, announce that its associated company, Antler Global Limited, has signed a binding Farm-out Agreement with Fuhai (Beijing) Energy Limited, a wholly owned subsidiary company of the privately owned Fuhai Group New Energy Holding Co., Ltd (“Fuhai Holding”) to farm-out a 40% interest in the EG-08 production sharing contract in offshore Equatorial Guinea.
Comment: Shares of EOG have soared in a consistent manner since August, leaving them up 127% up on the year. Today’s news regarding a farm-out is the icing on the cake for shareholders, and is likely to ensure that the New Year continues in the same vein as H2 2025.
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.
