Hamak Strategy Limited (HAMA), a company combining advanced gold exploration in West Africa with a disciplined Digital Asset Treasury Management strategy, announce that it has entered into an amendment and restatement of its existing funding arrangements with YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global, LP.
The amended package restates the outstanding balance of the previous £2.5 million convertible loan note announced on 4 December 2025 into a non-convertible loan of £1,657,671.23. The Board believes the revised structure materially improves funding visibility, removes the conversion rights attached to the previous CLN and provides a clearer repayment pathway while allowing the Company to retain working capital flexibility for its operational and strategic objectives.
Comment: Presumably given the halving of Bitcoin, the store of value of 2025 which has become less of a store of value, has meant that HAMA has had to rejig its finances in order to focus on its day job: gold exploration. Today’s news notwithstanding, it will have to find El Dorado, to get the shares back up to anywhere near their glories of last year.
Sintana Energy Inc. (SEI) an international upstream oil and gas exploration company, provided a mid-year operational and corporate update covering the six-month period to 30 June 2026. Over the past six months, there have been multiple tangible achievements across Sintana’s entire portfolio. These milestones have been supplemented by a number of value-positive developments across surrounding blocks and jurisdictions, reflecting the quality and strategic positioning of the Company’s asset base. Sintana’s management therefore believes that, in aggregate, the Company is delivering precisely in line with its stated commitments. A number of important value catalysts are anticipated in the coming six-month period.
Comment: I have been assured that SEI, despite the recent lacklustre share price performance, is a company which is on its way in positive sense. Therefore, we can assume that the shares currently just coming off year lows are an opportunity for those looking to gain exposure to a high growth situation.
ActiveOps plc (AOM), a leading provider of Decision Intelligence software for service operations, announced its audited results for the year ended 31 March 2026. The Group delivered double digit revenue growth, a record number of new customer wins and continued strong cash generation in the year. Organic Annual Recurring Revenue (ARR) growth of 25%, with Group ARR increasing to £41.5m (2025: £28.4m), including a £5.9m contribution from Enlighten. Group revenue increase of 48% against the prior year (2025: £30.5m), with organic revenue growth of 28% (31% constant currency). (Loss)/Profit before tax of £(2.0)m (2025: £1.3m profit) reflects £3.0m of exceptional costs in relation to the acquisition of Enlighten Group.
Comment: AOM has been on its way as a high growth situation, a point that is underlined by most of the excellent metrics in today’s update. While the market has marked the stock down today off the back of the exceptionals related to Enlighten, going forward we should be treated to purely positive numbers.
Zephyr Energy plc (ZPHR) announced a further increase in its operated land position in the Paradox Basin, Utah, U.S. (the “Paradox project”) through the successful acquisition of an additional 2,294 acres of Utah Trust Lands Administration (the “TLA”) leases. This new acquisition gives Zephyr an increased acreage footprint immediately to the north of its White Sands Unit. The acreage was nominated for auction by Zephyr and was acquired through a sealed-bid process conducted by the TLA. The related leases have a five-year primary term and a 16.67% lease royalty. The acquisition cost associated with the TLA leases was paid from the Company’s existing cash resources.
Comment: ZPHR shares look to finally be at a positive inflection point, with the market liking the latest moves by the company to expand its footprint. Just as positive is the share price rise even as the oil price has tumbled quite sharply in recent weeks.
Insig AI plc (INSG), a leading provider of AI-led analytics and machine-learning solutions, announced that it has signed a Memorandum of Understanding with the principals of a company to be incorporated in the Far East that is launching a new macro fund. Insig AI will design, build and host the Fund Engine for the customer which will bring information sources on which the fund will rely on into one repository, made available via a web application together with third-party large language models for analysis and decision support. The Fund Engine will be integral to the fund’s operations and decision making. The initial engagement is expected to be for 15 months with expected revenues of $240,000. $120,000 is expected within three months of the commencing of the contract. Immediately thereafter, hosting, development, support and maintenance is expected to commence and charged at $120,000 over the following 12 months.
Comment: It is both surprising and disappointing that shares of INSG have fallen so far from their October peak last year, even as the company moves to bolster revenues in an increasingly diverse way. Indeed, we should note that today’s initiative while not large in its own right, could easily be repeated and scaled up.
Georgina Energy (GEX) confirmed that contractors and personnel continue onsite undertaking the pre-drill site works required for the Q3 Hussar drilling program. Current operations are proceeding as planned to enable the testing of this exciting prospect, with 300 km² of areal closure and as one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects in onshore Australia. GEX said “Georgina remains on target for the drilling and development of its wholly owned Hussar EP513 Project. We are pleased with the progress of current site works to ensure the Ensign Drill Rig will be mobilised and the current planning and civil engineering works will be successfully completed in order to enable the drill testing of this exciting prospect in Q3 2026. With 300 km2 of areal closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects onshore in Australia.”
Comment: GEX is keen to not only update us on the operational side of its activities, but also to underline the scale of what it is sitting on. Of course, the market has decided in its infinite wisdom not to acknowledge the latter point.
Concurrent Technologies Plc (CNC), a designer and manufacturer of leading-edge computer products, systems and mission critical solutions used in high-performance markets by some of the world’s major OEMs, has secured a $9.4m order from a major US defence prime contractor. The order follows a design win secured by Concurrent in 2024 and marks the transition of that programme into production. CNC said “This initial order and associated funding support production through 2026 and 2027 and provides a strong foundation for further growth as the programme scales. Based on current programme assumptions, we expect the total lifetime value of this programme to be approximately $18m, with potential further orders anticipated through to 2030 as deployment continues. This represents an exciting long-term opportunity for Concurrent and further demonstrates our ability to secure positions on long-life defence programmes with leading international customers.”
Comment: Juicy orders are something which were are actually seeing rather more frequently from the coterie of UK listed manufacturing companies, and particularly from the US. This may be a Trump related phenomenon, or just as likely a determination to seek success despite the deliberately destructive efforts of our Labour government on all things corporate.
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.
