Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat, announced that it has signed heads of terms with InEnTec Inc., relating to a proposed access to 10 exclusive licences for InEnTec’s advanced TRL9 (Technology Readiness Level 9) waste-to-hydrogen technology (across the Middle East and North Africa (“MENA”) region.
Comment: Although people who do not want HUI to succeed may attempt to pour cold water on today’s news, it is actually transformational and the company has finally cracked it. Indeed, it is all the more positive given the now sub £5m share price of the company. The long awaited funded roll out of waste to hydrogen units can begin, and from a proven, existing technology, something which until now has proved to be elusive. It is also the case that despite all the Western Net Zero hot air, and taxation, we see it is MENA who are keen to actually get their hands on a technology which has the double benefit of transforming waste pollution into a clean energy source.
Anemoi (AMOI) announced that after multiple unsolicited approaches and discussions with third parties interested in integrating a Crypto related strategy into Anemoi, the Board has resolved to adopt a revised treasury management strategy for deployment of the Company’s cash balances. This revised strategy will include allocating up to 75% of the Company’s cash in Crypto currencies and/or recognised, liquid Crypto currency funds, instruments or derivatives. The Board views the Company’s revised Treasury Strategy as entirely complimentary to the Company’s current core business of KYC/AML software development and services.
Comment: AMOI presses the magic Bitcoin Treasury Strategy button, and gets a bump in the share price as most have done on this bandwagon. Not sure if the strategy goes with existing the KYC/AML software development in a hand in glove way, perhaps more oil and water.
Tern (TERN), the company focused on value creation from Internet of Things (“IoT”) technology businesses, announces that the Company’s Annual General Meeting will be held at 10.30am on Monday 30 June 2025 at the offices of Allenby Capital, 5 St Helen’s Place, London, EC3A 6AB. Ian Ritchie, who has been the Company’s Non-Executive Chairman since 2017, has decided to retire from the Board at the conclusion of the AGM.
Comment: One could say that Mr Ritchie should look back on eight years of solid achievement at TERN, but it may not be something that everyone might necessarily agree with given the share price trajectory and history of the company over that time.
S-Ventures (AQSE:SVEN) said it now holds 466,666,666 new ordinary shares in Tooru, representing approximately 26.7%. of Tooru’s enlarged share capital. The Company is confident of the prospects for Tooru and is pleased that Juvela, Tooru’s leading gluten free producer, has launched a new brand and range, supported by a state-of-the-art new allergen-free bakery, to expand its sales in the Free-From category. The new brand, “OAF”, is designed to attract a broader healthy foodie shopper in the Free-From aisle and has been launched in Tesco stores. OAF will operate as Juvela’s strategic retail-facing range, whilst the Juvela brand will continue to occupy its position as a leading coeliac prescription-led offer.
Comment: SVEN can take the opportunity in its new rejigged form prove to the stock market how well a company with real businesses, and innovative products can deliver for investors. We should see this happen via the recent Tooru (TOO) RTO.
Avacta Therapeutics (AVCT), a life sciences company developing next generation peptide drug conjugates (PDC) targeting powerful anti-tumor payloads directly to the tumor, has published its unaudited preliminary results for the 12 months ended December 31, 2024. Cash and short-term deposit balances at December 31, 2024 of £12.9 million (31 December 2023: £16.6 million). As of April 30, 2025, £17.3 million following the divestment of Launch Diagnostics extending the Company’s cash runway into Q1 2026. AVCT said “Overall, 2025 and 2026 are set to be a transformative for Avacta, driven by a number of catalysts to drive shareholder value.”
Comment: The main issue with AVCT is not its tumour targeting and when this is going to get over the line, but the amount of scale of the cash burn and the time the company will require to get over the line. It would appear that the company will require every penny of financial loyalty from its shareholders for a while yet.
Ironveld (IRON), the mining development company focused on producing high-value strategic metals, announced that its South African subsidiary, Lapon Mining (Pty) Ltd, has successfully completed its first blast at the planned opencast pit located on the Altona farm.
Comment: Recent weeks have seen the share price and newsflow at IRON turn around significantly, with today’s news set to continue / accelerate this process.
KEFI (KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, announced its audited financial results for the year ended 31 December 2024. The company said “KEFI’s targeted beneficial interest in Tulu Kapi has an NPV at construction start of $1,069 million or £804 million. This valuation indicator is approximately 16 times KEFI’s current share market capitalisation of c. £50 million ($66 million). The Directors consider this a conventional industry measure of potential value once the projects have been successively de-risked.
Comment: With the recent fundraise under its belt, KEFI is well positioned, and as its notes, the relationship between the beneficial interest in Tulu Kapi and its current market cap represents a significant value situation.
Andrada Mining Limited (ATM), a tin producer with a critical raw materials portfolio of mining and exploration assets in Namibia, provided an operational update for the first quarter ended 31 May 2025. ATM said “During the Quarter, we were delighted to see solid performance improvements at our Uis operation supported by enhancements from our Continuous Improvement 2 programme, including upgrades to the DMS circuit. These modifications drove an increase in processing rates and tin production, highlighting the growing efficiency and reliability of our operations.”
Comment: It is perhaps the case that ATM is simply too sprawling a company for the average retail investor to get their head around, hence the ongoing depressed share price. But one would imagine that given the direction of commodity prices, this state of affairs will be corrected sooner rather than later.
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.
