Galileo Resources Plc (GLR) announced that initial surface work has discovered a porphyry mineralised system within the Company’s Ferber licence. Galileo is working on the Ferber Licence alongside Bronco Creek Exploration Inc (“BCE”) under the terms of a Royalty and Exploration Agreement announced on 13 May 2025.
GLR said “Galileo has been undertaking exploration over the past 18 months in collaboration with BCE and the follow up on our initial reconnaissance has resulted in this new porphyry discovery. The growing demand for copper projects and the relative shortage of large copper assets in the United States leaves Ferber well-positioned for development. We are now preparing for a drilling campaign to test both the Skarn and the porphyry and we will keep shareholders informed of progress”.
Comment: It is high time that GLR was shown the kind of love that the more popular Colin Bird stable stocks such as African Pioneer (AFP) and Kendrick (KEN), who have shone brightly over the course of 2026. One can say that the latest news could be just the ticket as far as getting the stock into the frame and a retun to early 2026 highs through 1p over the next 4-6 weeks.
Volex plc (LVLX), the specialist integrated manufacturer of critical power and data transmission products, reported a trading update for the four months ended 31 July 2026, ahead of the Company’s annual general meeting, being held at 2.00 pm today. Volex has made a very strong start to the new financial year, delivering 28.0% constant currency organic revenue growth year on year in the four months to July 2026. Growth was broad-based across all five end-markets, led by Complex Industrial Technology, where Data Centre customer demand has been sustained at the elevated exit rate of FY2026, and by increased demand for EV & Electrification products, supported by continued electrification trends and customer focus on energy efficiency. Good growth was also delivered in Consumer Electricals, Off-Highway and Medical.
Comment: Today’s AGM reminds us that companies like VLX making the picks and shovels of their particular sector are currently going great guns. This is over and above the current discussion regarding the merits or otherwise of data centres, which of course are the future – for now. Above the latest gap at 600p, we should be looking at year highs towards 700p by the end of September.
Tungsten West (TUN), the mining company focused on restarting production at the Hemerdon tungsten and tin mine in Devon, UK, is pleased to announce that it has agreed terms with the National Wealth Fund (“NWF“), a wholly owned entity of the UK Government, regarding a proposed investment of up to £71 million, completing the funding package for the restart of Hemerdon to full production and supporting the development of a secure, domestic source of tungsten for the UK.
Comment: The government may not have the money for many day to day things for its proud citizens, but does have the money to invest in tungsten, as opposed to say, the North Sea. It is also heartening that we have a National Wealth Fund, as hitherto one might have been forgiven for thinking that there was a National Impoverishment Authority. Oh sorry, that is included within current economic and taxation policy. As far as TUN is concerned, above recent 45p resistance, a February price channel top at 56p could be seen as soon as the end of next month, or even sooner.
Bluebird Mining Vnt (BMV) – Holding(s) in Company
Comment: It is interesting that Peel Hunt lightening the load in BMV means the share price goes up. No conspiracy theories please.
Norman Broadbent (NBB), a leading Executive Search and Interim Management firm, with an ambitious growth plan to scale the business through disciplined investment in fee-earning capacity, announced its appointment as a supplier on the UK Government Commercial Agency’s (“GCA”) RM6394 Executive & Non-Executive Search 3 framework. The GCA is the UK’s largest public procurement organisation with the appointment covering three lots (“Lots”) and running for a minimum period of 4 years.
Comment: Now that the stock market has realised that recruitment will not be killed by AI, we have a chance for NBB to join the recovery in the sector, helped along by the latest win in terms of being part of the government’s platform. Hopefully, this will be a gravy train for the company, or at least a badge of honour.
Vistry Group PLC (VTY) announced that it has been reconfirmed as a Strategic Partner and secured a significant direct grant award under the first allocation of funding made available as part of the government’s £39bn Social and Affordable Homes Programme (SAHP). The initial funding of £350m, the largest award possible in this phase, is significantly in excess of the first award received under the previous programme, and will enable the delivery of over 3,000 affordable homes, well ahead of what was possible under the first phase of the last programme.
Comment: Another company today on the government’s gravy train. One dares to suggest that all of these initiatives are part of the new dynamic Prime Minister’s desire to hit the ground running and get the country going. What a strange concept. As far as VTY is concerned one could consider that today’s news could be strong enough to allow some share price recovery to counteract the 50% decline we have seen so far this year.
Gulf Keystone (GKP), a leading independent operator and producer in the Kurdistan Region of Iraq, today announced its results for the half year ended 30 June 2026. GKP said “GKP’s operational and financial performance in the first half of 2026 demonstrated the resilience of our business, our people and the Shaikan Field through a period of significant regional disruption. Our priority throughout has been the safety of our workforce while decisive action to reduce expenditures has enabled us to minimise cash outflow, maintain a robust, debt-free balance sheet and pay a $12.5 million dividend to shareholders. We are pleased to have recently restarted production and exports following the extension of the tripartite interim export agreements, with volumes continuing to ramp up to prior levels.”
Comment: Security issues aside, it is surprising that with a soaring oil price the share price of GKP has only really broken out through key 185p resistance in the past couple of days. Presumably today’s announcement will soothe minds in terms of regarding the company as a safe pair of hands produced, along with a seven figure dividend payout.
Solvonis Therapeutics plc (SVNS), a late clinical-stage biopharmaceutical company developing novel small-molecule therapeutics for high-burden central nervous system (“CNS”) disorders, is pleased to announce that it has conditionally raised gross proceeds of £1.3 million at a placing price of £0.0012p. The Fundraising includes participation from a noted UK institutional investor as a new entrant to the Company’s shareholder register.
Comment: It is perhaps a relief as much as anything else that the placing which has clearly been softening the share price excessively is finally out of the way. It is a grievous problem with the Londons stock market that rather than focusing on the merits of a company, the market plays a guessing game as far as when the next fundraise is due, and makes it as difficult as possible for this to be carried out at a reasonably price. Now that it is out of the way, perhaps people can focus on the big picture and the even bigger addressable markets SVNS is aiming. Oh, and by the way, the main point of being listed is to raise cash, not pretend you are there just to pay services providers and have a ticker code.
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.
