easyJet plc (EZJ) noted the announcement made by Castlelake, L.P. on Friday, 29 May 2026, that it is in the early stages of considering a possible offer for easyJet. The Board of easyJet has not had any discussions with, nor received any approach or proposal from Castlelake. The Board is clear in its duty of aiming to maximise shareholder value and will consider any proposal, should one be made. In any assessment, the Board will be especially mindful of its valuation and deliverability.
Comment: Well, EZJ would say that wouldn’t it. Wanting to be a company when it is down is not exactly a bad idea, and Iran or not, EZJ has not exactly been flying in share price terms. That said, judging by the rather mooted share price reaction today, we may have to wait to see how this develops – if at all.
MedPal AI plc (MPAL), the AI-powered, integrated digital health and pharmacy company, provided an operational update on the continued strong growth in dispensing volumes at its wholly owned pharmacy operations.
- Record month: over 42,250 prescription items dispensed in May 2026 – the Company’s best-performing month since pharmacy operations commenced, surpassing the previous record of 41,000 items, reflecting underlying momentum in patient demand.
- Major cumulative milestone: the Company has now dispensed over 250,000 prescription items in total since launch, underscoring the sustained, accelerating adoption of its NHS and private pharmacy services and the Company’s dispensing platform retains substantial headroom for further growth.
- Strong margins: as reported in the Company’s interim results for the six months ended 28 February 2026, pharmacy gross margin strengthened to over 34% as dispensing volumes scaled, reflecting the operational leverage of the Company’s automated dispensing model.
- Annualised run rate: based on the May 2026 dispensing volume the Company’s pharmacy operations are now trading at an annualised turnover run rate in excess of £5 million.
MPAL said “May was our best month yet, with over 42,250 items dispensed, and we have now passed a quarter of a million prescriptions since we began. To reach this scale in such a short period is a powerful validation of our automated, technology-led model – which, as our interim results showed, is delivering pharmacy gross margins of over 34% as we grow. We have built this momentum from a standing start, and with significant capacity still available across our dispensing operations, the Board sees a clear runway for continued, profitable growth.”
Comment: it is rare that I add in the whole RNS for a company. But with MPAL today every detail underlines the fundamental argument and how this business is taking off. This is even without adding that the “self care” market is growing at pace, given advances in drugs and the growing demands from consumers.
Greatland Resources (GGP) announced that it has executed a $500m corporate debt facility (Debt Facility) agreement with a Tier 1 lending syndicate of ANZ, ING, HSBC, NAB and Westpac. The Debt Facility agreement documents in detail the binding commitment letter previously signed and announced in December 2025, with the key terms of the Debt Facility agreement being consistent with the commitment letter2, including no mandatory hedging requirement. GGP has a net cash position of over $1,200m1 and the debt facility provide significant liquidity to Greatland to develop its flagship Havieron gold-copper project. GGP said “The development of Havieron, alongside the successful delivery of Telfer life extensions, has the potential to underpin a multi-decade, world class gold-copper mining hub in the Paterson Province.”
Comment: The juggernaut that is GGP continues to grow, and it is not surprising that an assortment of backers have handed over $500m. indeed, given the momentum here the company could write its own cheque – and presumably even more than today’s amount.
Powerhouse Energy Group plc (PHE), a company focused on the conversion of non-recyclable waste into low carbon energy alongside its revenue-generating engineering consultancy division Engsolve, announced that it has raised gross proceeds of £0.5 million at a price of 0.2p. The net proceeds of the Placing are expected to provide the Company with a cash runway to undertake planned activities for approximately the next 12 months. PHE said “These funds will allow us to further accelerate the delivery of our key projects whilst also enabling us to progress the initiatives that we are undertaking and to further evaluate the numerous opportunities that we are continuing to see; progressing them from opportunities to real projects for the Company.”
Comment: PHE has now got the funding to do what it has promised to do for so long, and just as importantly, the financial runway to cherry pick the best opportunities. In the wake of the Iran conflict, it should be in prime position to benefit from the favourable environment for the low carbon energy brigade.
Cerillion (CER), the billing, charging and customer relationship management software solutions provider announced its Interim results for the six months ended 31 March 2026. The company said it remains on track to deliver FY26 financial targets. New orders more than doubled to £39.6m1 (H1 2025: £19.6m) and included largest ever contract win, secured in Q2. Resultant back-order book increased by 64% to a record £82.1m2 at the period-end (31 March 2025: £50.2m). The phasing of new orders (from new and existing customers) has shaped H1 results; as anticipated, minimal software licence revenue (which is high-margin) was recognised in H1 revenue is down 14% to £18.0m (H1 2025: £20.9m).
Comment: The only fly in the ointment here is the revenue drop, however we can regard this as backward facing, given the clear momentum the company has in terms of the back-order book. Also of note is the way that the shares appear set to make a definitive break of the 200 day moving average at 14p and return to the upper teens in coming weeks.
EnSilica plc (ENSI), a leading fabless microchip maker with a growing portfolio of reusable IP, serving the Space & Comms, Industrial, Automotive and Healthcare markets, announce a new 7 year manufacturing and supply contract to produce an Arm based sensing chip for a German manufacturer of automotive components. EnSilica was awarded the Contract after completing a competitive tender process. As the chip is already in production, no design or tape-out is required. EnSilica will now be responsible for the manufacturing and supply of the chip to the customer. The Contract is expected to generate around $75 million in revenue over seven years, with approximately $4 million of revenue expected in the financial year ending 31 May 2027, with a gross margin reflecting the manufacturing-only nature of the Contract.
Comment: ENSI has always looked as though it was on the verge of greatness, something which was recently underlined by the way that the shares doubled after my recent interview with the company. Both the fundamentals and the share price chart now appear red hot, with the latter looking towards achieving a not only the recent 125.5p, but towards 140p by the end of next month.
Great Western Mining Corporation (GWMO), the exploration and development company focused on mineral projects in Nevada, USA, provided an operational update on exploration activities at the Defender-Pine Crow Tungsten Project. GWMO said “The completion of these programmes marks another important step in accelerating the Defender-Pine Crow tungsten project towards drilling and resource definition. In particular, the scale of the geophysical and geological work completed across the broader mineralised corridor is helping us better understand the continuity and district-scale potential of the tungsten system.”
Comment: Another update from everyone’s favourite “next big thing” in the explorer / developer space. This is helped along today by the mention of the magic word – tungsten. We are still looking for a relatively quick retest of share price highs for 2026 through 6.5p in coming weeks.
Applied Nutrition (APNL), a leading sports nutrition, health and wellness brand, today announced that trading in the current financial year to date remains strong with continued momentum across the Group. Excluding any contribution from the acquisition of Nutrablend, the Board now expects the Group’s FY26 revenue to be ahead of current consensus market expectations2 at approximately £148m, with the EBITDA margin expected to be in line with current consensus market expectations2. The EBITDA contribution for FY26 from the acquisition of Nutrablend is not expected to be meaningful.
Comment: The fact that the shares have gapped up to new highs off the back of today’s update underlines the market’s belief that this is a situation to watch and follow. This is even with the slight dampener of Nutrablend.
Oriole Resources PLC (ORR), the AIM quoted gold exploration and development company focused on Central and West Africa, provided an update on the corporate restructuring announced on 17 October 2024 in respect of the Mbe orogenic gold project in Cameroon, where a total JORC Inferred Mineral Resource Estimate (“MRE”) of 1.23 million oz contained gold has recently been reported across the MB01-S and MB01-N deposits (see announcement dated 13 April 2026). ORR said “The formalisation of the acquisition by Oriole of an additional 10% interest in Oriole Mbe from its Local Partners, increasing our ownership to 50% in our flagship project licence, is a welcome step.
Comment: ORR continues to finesse the bull argument, presumably looking for the right RNS to get the shares buzzing as they did last summer. That said, while the shares are edging higher, we seem to be enjoying incremental gains, rather than the big one.
Zinc Media Group plc (ZIN), the award-winning television, brand and audio production group, is pleased to announce that it has signed terms with Lloyds Bank plc for a new £3.0 million revolving credit facility. The Facility has a three-year term and includes an option, subject to lender approval, to increase the Facility by a further £2.0 million. It will further strengthen the company’s balance sheet and provide flexibility to support the Group’s ambitious growth strategy and short-term working capital requirements. In addition, the Group has secured a further £1m of new business since the last update on 21st May, which includes the recommission of the BBC ONE series Sunday Morning Live, which is returning for its 17th season.
Comment: Another company whose recent interview here has coincided with a major fundamental turnaround, as well as a long awaited one for the share price. I hope this has been appreciated. Even if it has not ZIN now looks to be in the box seat as far as scaling up and with the big name counterparties.
Zenith Energy (ZEN) announced its Unaudited Preliminary Financial Results For the Year Ended March 31, 2026. ZEN said “Zenith has continued to expand its renewable energy platform in Italy, advance the permitting of two nationally significant uranium exploration projects through its long-established Italian subsidiary, and progress two major arbitration proceedings against the Republic of Tunisia towards decisive stages. These developments, together with the Company’s lean operational structure and diversified portfolio of energy assets and investments, position Zenith favourably as it enters the 2026/27 financial year. The Board believes that the Company is approaching a potentially transformational period in its development. The continued expansion of the Company’s solar development portfolio, the proposed spin-out of its uranium exploration business through Reveille Resources Plc, and the advancement of the ICSID arbitration proceedings, in which the Group’s wholly owned subsidiaries are pursuing claims quantified at approximately US$572.65 million”
Comment: The main thing as far as ZEN is probably still the prospect of a near $600m win against our Tunisian friends, something which certainly is not factored into the current £43m market cap. That said, there is enough going on with the company’s renewable energy strategy, and Reveille to justify where the shares are in their own right.
Avacta Therapeutics (AVCT), a clinical stage biopharmaceutical company developing pre|CISION®, a tumor-activated oncology delivery platform, today released updated Phase 1a/1b and pharmacokinetics (PK), safety, toxicity and preliminary efficacy data with faridoxorubicin (AVA6000, pre|CISION®-enabled doxorubicin) at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago. AVCT said “Today’s data further underscores our confidence in both our Gen One product faridoxorubicin (AVA6000) and our pre|CISION® technology to significantly improve treatment options for cancer patients.
Comment: AVCT remains such a stock market darling that it is heresy to say anything negative about the company. This may be something of a red flag, but even so the progress as described today, and the recent 90p peak both underline the highly positive sentiment towards the company.
Insig AI (INSG), a leading provider of AI-led analytics and machine learning solutions is pleased to announced that it has successfully raised £0.2 million gross and net at 15p pence. The Subscription is from a high-net-worth investor. It is intended that the proceeds of the Subscription will be utilised to invest in accelerating the signing up of trials where prospects can access the Company’s Central Bank Model Context Protocol (“MCP”) server. This enable traders, portfolio managers and investment decision makers to directly interrogate what the Company believes is the world’s most extensive machine-readable central bank datasets through any major Large Language Model. In April 2026, the Company announced that Board resolved to accept an initial £250,000 of equity funding from Richard Bernstein at 20p a share and that he remained interested in investing a further £250,000 at 20p a share. Richard Bernstein has confirmed to the Board that this remains the case.
Comment: The share price performance remains rather disappointing given what a cutting edge business this is, and a genuine AI based one. We also see that Richard Berstein continues to be someone happy to lead from the front in terms of bankrolling his company.
Cobra (COBR), a South Australian mineral exploration and development company, is pleased to announce that a fully funded diamond drilling programme has commenced at the Company’s Manna Hill Copper Project. The programme has been designed to test for scale extensions to the shallow, high-grade copper-gold mineralisation recently defined at the Blue Rose Discovery, while also evaluating the potential for a deeper intrusive-related porphyry copper system. COBR said “The commencement of diamond drilling at Manna Hill marks an important next step in advancing what we believe is one of the most compelling, underexplored copper systems in South Australia.”
Comment: Just when you had become used to COBR being a great rare earths prospect, there is now the chance of it being one in copper too. All that is left to do for this summer is a clear and clean break for the shares through the 5p barrier.
Invinity Energy Systems plc (IES), a leading global manufacturer of utility-grade energy storage, is pleased to announce the sale of a 2 MWh Endurium Enterprise battery system to a U.S. Department of Energy (DOE)-funded project located in Wisconsin, USA. Project VITALITY (Vanadium Innovation to Advance LDES & Impact Tribal Sovereignty) will see the battery system installed as part of a microgrid project at a tribal facility on the Bad River reservation in Ashland, Wisconsin, that will demonstrate the benefits of vanadium flow batteries in commercial and industrial (C&I) applications.
Comment: We have been on the case here in an aggressive way as far as the charting has been concerned, getting on the back of the vertical share price move early days. Any RNS for a UK company mentioning a US Department speaks for itself. Next chart point 0.45p by the end of next month.
Eco Buildings Group plc (ECOB), a UK-listed construction company focused on advanced sustainable housing solutions, is pleased to announce the launch of Eco Buildings United Kingdom Ltd, a dedicated United Kingdom subsidiary established to address growing demand for scalable, energy efficient and economically viable housing solutions across the UK. The establishment of EBUK represents a strategically significant step in the Group’s expansion strategy and positions Eco Buildings directly within one of the most supply constrained housing markets in Europe.
Comment: Given how many houses (Hard) Labour were supposed to be building, it is a surprise that ECOB has not been in the frame to build millions in the UK, rather than Chile, Albania, Senegal et al.
Bluebird Mining Ventures Ltd (BMV), the gold streaming, mining and treasury company, is pleased to announce that it has restructured its exposure to the South Korean assets through a Share Purchase Agreement (“SPA”) with 1575275 B.C. Ltd, a newly formed company incorporated in British Columbia, Canada, founded by Latika Prasad, an experienced mining executive based in Vancouver. BMV said “The restructure of our South Korean mining interests is an important step in BMV’s transition into a focused gold streaming, mining and treasury company. While Gubong and Kochang remain geologically attractive assets, the permitting pathway, development timeline and capital requirements are no longer aligned with our strategic priority of building a lower-risk, cash-generative platform.”
Comment: BMV may have its odd crackpot knockers, but even they might acknowledge that the company deserves points for trying. Sorting out the South Korean assets is a sensible move if nothing else.
First Class Metals PLC (FCM) the UK listed company focused on the discovery of economic metal deposits across its exploration properties in Ontario, Canada, is pleased to announce that it has completed all obligations under the Zigzag Option Agreement originally entered into with Nuinsco Resources Limited in March 2023. Completion of the final option requirements results in FCM earning an 80% interest in the Zigzag Lithium-Critical Minerals Project located within the highly prospective Seymour-Falcon pegmatite corridor of northwestern Ontario. As provided for under the terms of the agreement, Zigzag will now transition into a Joint Venture between FCM (80%) and Nuinsco (20%).
Comment: FCM is certainly stepping up a gear as far as its deal making / project structuring, and all of a sudden this is starting to look grown up. The only missing ingredient is perhaps the shares not yet being back on the right side of 5p.
Cambridge Cognition Holdings plc (COG), the neuroscience technology company whose digital cognitive assessments drive scientific discovery, accelerate drug development and improve patient care, announces that the Company will be presenting at the Mello 2026 investor event. Rob Baker, CEO, will present on Wednesday, 3 June 2026, at The Clayton Hotel & Conference Centre, Chiswick High Road, London, W4 5RY. Rob will be joined by other members of the senior leadership team to take investors questions during the day.
Comment: Who needs to go to the Ritz or the Beverly Hills Hotel, when you can go to The Clayton. Anyone who wants to travel back in time to get a genuine 1970s style corporate event experience is encouraged to attend.
Delta Gold Technologies PLC (Aquis: DGQ / OTCQB: DGQTF / FRA: O2J ) announced that its ordinary shares are now available to buy on the Frankfurt Stock Exchange under the ticker O2J , broadening access for European investors and increasing the Company’s visibility across international capital markets.
Comment: Given the recent share price slip, it is timely that DGQ is now allowing the Germans to buy into the hype. Presumably, they will appreciate the tech and the plan as much or even more than us Brits.
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.
