Lift Global Ventures Plc (AQSE:LFT), an investment company focused on financial media, technology and the energy sector, provides an update on its investment portfolio company, Trans-Africa Energy Limited. TAE is focused on developing energy infrastructure projects located primarily in Sub-Saharan Africa, the first of which is in Ghana.
Further to its announcement on 30 April 2025, TAE has been informed by a Southern African state investor, in relation to an investment into TAE, that the Investor is finalising subscription agreements for sign off. The parties are seeking closure on or before 30 June 2025.
Tap Global Group (AQSE: TAP), an innovative digital finance hub that brings money payments and cryptocurrency settlement services together in a single user-friendly app, announced an income boost for the current financial year ending 30 June 2025 from the recoupment of Bitcoin rewards paid out between 2020-2024 as referral incentives. In line with Tap Group’s strategy to focus on high-quality users and account activation opportunities, the Company recently conducted a review of registered user accounts. In doing so, the Company identified historical referral costs totalling approximately 5 Bitcoin (worth approximately £400,000 at today’s prices) which were eligible for recoupment. These Bitcoin assets have been added to the Company’s Balance Sheet and will be managed in accordance with the Company’s digital asset management plan, which allows for up to 50% of the Company’s cash and cash equivalent assets to be held in the form of digital assets.
Comment: TAP has managed to be one of the few stocks in the cryptocurrency area not to see its share price rocket in recent months, so perhaps the back door entry into the Bitcoin Treasury space may finally get the shares to move off their lows.
Petro Matad Limited (MATD), the AIM quoted Mongolian oil company is pleased to provide the following operational update. MATD said “We are pleased to have agreed the amounts payable for Heron-1 production. We are working hard with PetroChina and the Mongolian authorities to get the first payment made and we look forward to a smooth monthly payment process thereafter. Meanwhile, our production operations continue and, as anticipated, after a period on natural flow, Heron 1 is now behaving more like the offset wells in the basin and artificial lift is now in operation. Although the pumped rate is lower than the rate on natural flow, we are pleased that the well is continuing to deliver and is doing so at a very low water cut.”
Comment: Shares of MATD rallied strongly ahead of today’s update, which is perhaps unfortunate given the reaction of an initial sharp markdown. The hope is that the recent 1.5p – 2.5p range continues.
Zenith Energy Ltd. (ZEN), the listed international energy production and development company, is pleased to announce that it has acquired a total of three solar energy production assets in Italy, located in the regions of Piedmont and Lazio, by way of its Italian subsidiary created for the purpose of managing its new solar energy portfolio WESOLAR S.R.L. ZEN said “”We are successfully implementing our growth strategy to achieve the objective of building a portfolio with 20 MWp capacity by the close of 2025.”
Comment: While ZEN waits for its Tunisian arbitration lottery win, we see ZEN getting on with the job as far as delivering a renewable energy strategy, and one of decent scale. With the stock up 2x so far this year, sentiment certainly seems to be behind the company.
Arrow Exploration Corp. (AXL), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce the filing of its Interim Condensed (unaudited) Consolidated Financial Statements and Management’s Discussion and Analysis for the three months ended March 31, 2025. Recorded $19.5 million of total oil and natural gas revenue, net of royalties, representing a 36% increase when compared to the same period in 2024 (Q1 2024: $14.4 million). Adjusted EBITDA of $11.5 million, a 15% increase when compared to Q1 2024 (Q1 2024: $10 million).
Comment: Given how much AXL has achieved over the past couple of years, it is amazing that the market cap here is below £50m and the share price well below 20p. But somehow the company has managed this. Presumably, one day, before the end of the decade, this state of affairs will be corrected.
AltynGold (ALTN) noted recent market comment regarding the Company’s growth strategy and is aware investor bulletin board commentary has alluded to the Company’s growth activities in Central Asia referencing certain mining projects not currently owned by AltynGold. The Company confirms, for the sake of clarity, that its focus remains on increasing production from its existing portfolio. As previously stated in the management’s strategy and commentary, the Company nevertheless, continues to review potential assets within Kazakhstan pursuant to a longer-term intention to increase the asset base of the Company if attractive opportunities present themselves. Naturally, should the Company embark on a course of action leading to the acquisition of new assets, it would update the market in an appropriate manner as a standard course of action.
Comment: It would perhaps be helpful in RNS’s responding to media speculation, for the company in question to name the source, as one would ignore those of the crackpot / clickbait variety, as opposed to those with credibility.
Aptamer Group (APTA), the developer of next-generation synthetic binders delivering innovation to the life science industry, today announces the signing of a second Optimer discovery and development programme with global consumer goods leader, Unilever. Under the new agreement, Aptamer will develop a novel panel of Optimer binders targeting an additional biological pathway associated with body odour formation, potentially providing Unilever with a second strategy to prevent the formation of body malodour.
Comment: It would appear that despite the mention of “malodour” it is the sweet smell of success which is evident at APTA, as it builds up its roster of big blue chip counterparties.
Pensana (PRE) announced that, following the recent US$ 25 million investment by major shareholder FSDEA into 84% owned subsidiary Ozango, which has allowed main construction to commence at Longonjo mine site, one of the Company’s other major institutional shareholders M&G Investment Management (“M&G”) has participated in a GBP 2 million equity raise at the Pensana Plc level. PRE said “We are delighted that the Company continues to be supported by its major institutional shareholders both at the asset level and at the corporate level. The GBP 2 million funding will meet the Company’s corporate funding requirements for the next 18 months.”
Comment: The goal with small cap companies is to be able to pull rabbits, as well as cash out of hats, and this is what PRE has done with its latest funding news. The 18 months runway is also a decent win.
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.
