KEFI (KEFI) reported the signing by subsidiary Tulu Kapi Gold Mines S.C. of a US$20 million equity-ranking-royalty with Chancery Royalty Limited. This is a key final part of the US$340 million financing package for the Company’s high-grade/high-recovery Tulu Kapi Gold Project.
It has been creatively structured with Chancery Royalty to be an equity-risk ranking royalty and is payable alongside distributions made by TKGM to its shareholders. A residual US$30 million of equity-risk capital is also in the process of being fully signed up this month.
Comment: The slow release of the funding news over recent weeks has meant that shares of KEFI have been gradually heading higher, giving those who perhaps missed the boat previously a chance to get on board. The charting message is that above the 50 day moving average at 1.4p we could be looking at a technical target towards 2p as soon as the end of next month.
Capital Metals (CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka, welcomed the publication by the Government of Sri Lanka of the country’s new National Minerals Policy. CMET said “The publication of the new National Minerals Policy is a strong statement that the recently elected Sri Lankan Government is open for business in the minerals sector and is being co-operative and proactive in encouraging profitable and responsible mining practices. Capital Metals is proud to be a key contributor towards enabling the country to execute on its Policy objectives for the effective and sustainable management of its mineral resources.”
Comment: We have known that the Sri Lankan authorities are open for business, particularly the business of mineral sands. CMET is set to be a key provider of jobs and revenue for the country, something which we have been reminded of again today.
(Alliance News) – Pan African Resources (PAF) credited a strong gold price for positive half-year results. The junior gold producer attributed its projected earnings for the first half to robust gold price and higher production. The average gold price received surged 62% to USD3,812 an ounce from USD2,359 a year before, and gold output rose 51% to 128,296 ounces from 84,705. Pan African expects production to increase further during the second half of the 2026 financial year, largely as a result of increased production from the Mogale tailings retreatment expansion project and from Tennant Mines, with full-year production guidance of 275,000 ounces and 292,000. For the financial year that ended June 30, 2025, production was 196,527 ounces.
Comment: Rather obviously these days companies like PAF have no more difficulty in producing an update like this, than falling off a log. The measure of success here is in the nuance, the outlook, and of course, the market cap / share price.
Seeing Machines Limited (SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, publishes its quarterly Key Performance Indicators (“KPIs”) for the quarter ended 31 December 2025. SEE said “We are seeing increasing demand for our technology across Automotive as OEMs prepare for regulatory change, reinforcing the long-term role of driver monitoring within vehicle safety architectures. In Aftermarket, the step-up in Guardian sales activity is very encouraging and supports our focus on customers progressing through trial phases toward broader deployment.”
Comment: It took years extra to get where it is now, helped along by the advancement / arrival of AI. The question now is how much can SEE scale up / penetrate the markets it is in?
PZ Cussons (PZC) announced its Interim Results. The company said “We have delivered a strong performance in the first half of the year across our four lead markets. This performance, with a healthy balance of price and volume increases, and growth in each of our largest ten brands, has been driven by targeted investment in innovation, brand-building and continued strong commercial execution. Combined with tight cost control, we delivered double-digit growth in adjusted operating profit and adjusted earnings per share allowing us to increase guidance for the full year. We have concluded our strategic review, which has resulted in a significantly strengthened balance sheet and a more focused and more resilient business. Against this backdrop, we are setting out plans in our Capital Markets Event to deliver sustainable shareholder value, building winning portfolios of locally-loved brands in four lead markets. With a balance between developed and emerging markets and building on competitive go-to-market capabilities and manufacturing scale, we are targeting double-digit total shareholder return through the cycle.”
Comment: An interesting update from a company where one would consider that “elephants don’t gallop”. But in this case it would appear that PZC actually could with double digit shareholder returns.
Gattaca (GATC), the specialist staffing solutions business, provided the following trading update for the six months ended 31 January 2026. Total Group NFI is expected to be £21.2m (H1 25: £18.9m). On a like-for-like basis, NFI increased by 7% YoY to £20.2m, driven by strong contract performance across core growth sectors. LFL contract NFI increased by 13% YoY, reflecting increased activity levels in our core sectors. Group guidance for FY26 adjusted profit before tax expected to be £4.5m. The Group’s ambition for FY26 remains to invest in identified markets, adding capable experienced sales consultants and growing our sales headcount by 10%. The Group expects to announce an interim dividend at its Interim Results.
Comment: Shares of GATC were already up well over 30% ahead of today’s update in recent weeks. So one would imagine that fans of the stock have been and still are regarding it is a strong growth play. Chart wise, above the latest 125p target we are looking at 2023 resistance at 145p.
Jangada Mines Plc (JAN), a Brazil focused natural resource development company, is pleased to announce that it has raised, in aggregate, £1,200,000 before expenses at a price of 1.4 pence reflecting strong investor demand, as the Company looks to advance the exploration and development of the Molly Gold Project and Paranaíta Gold Project in Brazil. Proceeds will fund drilling and exploration work at the Molly Gold Project and further exploration at the Paranaíta Gold Project, both in Brazil.
Comment: A decent fundraise here from JAN, with the key part of the puzzle being what happens to the share price in the wake of the raise at 1.4p? So far the shares are holding well above this support level and one would expect this largely to be the case given how strong the space the company occupies is.
Kazera Global plc (KZG), the AIM-quoted investment company, provided an operational update on activities at its Whale Head Minerals heavy mineral sands project and Deep Blue Minerals diamond project in Alexander Bay, South Africa. KZG said “The Company is also strengthening its South Africa-based operational team to support the next phase of growth and prepare for the anticipated 2A Mining Right. Together, these developments demonstrate delivery against the priorities funded through the recent fundraise and position Kazera for continued production growth.”
Comment: Perhaps rather surprisingly, shares of KZG are near the floor of the range rather than the top, as many of its peers are. This could suggest that there is an opportunity for some to bottom fish, especially in terms of seeking out a production play.
Genflow Biosciences Plc (GENF), a European-based biotechnology company focused on the development of gene therapies for age-related diseases, announces that the Board is considering potentially undertaking an equity raise which would be structured by issuing rights over the New Shares (in the form of shares or warrants) to new investors and/or existing shareholders in the Company for cash consideration in one or more private placements on a non-pre-emptive basis.
Comment: Given the recent strong looking prospects and strength in the share price, it is rather disappointing that GENF has managed to release such a share damaging update, especially when in the past decent funding has come from non-dilutive sources.
IG Design Group (IGR), a leading designer, innovator and manufacturer across various celebration and creative categories, issued a trading update to 31 December 2025, and an update on its outlook. The trading update refers to the continuing business of the Group only, excluding adjusting items and losses related to the disposal of DG Americas announced in May 2025. The Board is pleased to report that trading for the nine months ended 31 December 2025, including performance over the Christmas trading period, has been in line with expectations. For the full financial year ending 31 March 2026, the Board now anticipates being at the upper end of the previously stated guidance and above current market consensus.
Comment: A classic upbeat RNS, which would and should get the boring investor brigade interested in joining the party. This is especially so given the way that the shares have been towards year and range lows in recent weeks.
Aptamer Group plc (APTA), the developer of next-generation synthetic binders for the life sciences industry, announced that Twist Bioscience Corporation has launched its new TrueAmp Library Preparation Kit, which uses Aptamer’s proprietary Optimer® binders as an enabling technology for stability at room temperature, within the TrueAmp Library Preparation Kit. APTA said “We are delighted to play a small but significant part in Twist Bioscience bringing the TrueAmp Library Preparation Kit to market. This product launch demonstrates the real-world value of our Optimer® technology in enabling market-ready products.”
Comment: Shares of APTA were up nearly 2x last year, and are coasting in a satisfactory way so far in 2026. Further and ongoing news such as today’s in terms of the rollout of Optimer should boost investor sentiment and the share price still further.
TPXimpact Holdings (TPX), a leading technology-enabled services company focused on people-powered digital transformation, announced that, following a competitive tender process under the Digital Outcomes 6 (DOS6) framework, it has been notified that it has been selected as the successful bidder for a £22 million, 2-year digital transformation award with NHS England. The award forms part of NHS England’s Digital Prevention Services Portfolio, a nationally significant programme established to design, build and operate digital and data services that support the prevention of ill health and early intervention.
Comment: Shares of TPX have already broken last year’s 25p resistance zone, and appear to be set to achieve much more off the back of this bumper NHS deal. Of course, knowing what a gravy train and how efficient the NHS is, makes the deal all the more satisfying.
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.
