The Telegraph: Pakistan calls India bombing ‘act of war’ Islamabad vows to retaliate after nine air strikes bring nuclear-armed neighbours to brink.
Comment: Two countries that have continuously been at loggerheads with each other since independence, one of whom keeps losing wars, and another who has delivered an economic miracle. One of whom is the largest democracy in the world, and the other specialises in military dictatorship. And by the way, why did the two countries listen to their former colonial masters over being partitioned when they left? And how is being two countries working out apart from giving everyone a masterclass in how to behave like third world enemies with ongoing and never-ending sectarian politics?
Metals One (MET1), which is advancing critical minerals projects, announces that it has put out a tender for a drilling contractor to provide services for a 2,000m, 10-hole diamond core drill programme at the Company’s Hammaslahti Copper-Zinc Project in Finland. The planned drill programme will focus on E-lode, a key target at the project, as well as a greenfield area directly to the north of E-lode. Pending award of the contract and confirmation of rig availability, Metals One intends to commence drilling activities later this year.
Comment: MET1 has transformed in just a few months from being totally unloved to walking on water. Today’s news simply extends the victory run.
Zephyr Energy (ZPHR) provided initial results from the production test on the State 36-2 LNW-CC-R well at the Company’s flagship project in the Paradox Basin, Utah, U.S. During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. ZPHR said it was pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient deliverability for a commercial well.
Comment: It would appear that it has been better to travel than arrive in terms of the initial stock market reaction for ZPHR, but even so the company has made its point as far as this particular well.
Hercules Site Services (HERC), a technology-enabled labour supply company for the UK infrastructure and construction sectors, provides a trading update for the six months ended 31 March 2025, based on unaudited management accounts for the period. The Company announced it is trading in line with market expectations, with revenue expected to be more than £54 million for the first six months of the Company’s financial year. This represents an increase of c. 17% on continuing operations.
Comment: It has been noted here the way that HERC is in pole position as far as the public infrastructure gravy train. The shares recovered 64% last year as the market cottoned on to this fact, and should continue to do so.
Asiamet Resources (ARS) announced the completion of the Optimised Feasibility Study for BKM Stage 1, the first phase of development at the Company’s 100%-owned BKM Copper Project in Central Kalimantan, Indonesia. BKM Stage 1 has been engineered as a simplified, lower-capex, staged-build heap-leach operation focused on near-surface, higher-grade ore.
Comment: There is little doubt that ARS is getting there as far as BKM, with the only missing ingredient being the way that the share price is still well below last year’s 1.5p peak, even though the company has made significant progress since then.
Gfinity (GFIN) announced that the Company has today raised £300,000 conditional on Admission, through a Company arranged subscription with third parties at a price of 0.07 pence. GFIN said “This funding, coupled with the continued development of Connected IQ technology, allows us to take Connected IQ through to industry wide adoption, and is reflective of the efficient model built by the team.
Comment: GFIN made its Clark Kent to Superman transformation, with a decent initial share price reaction, although this faded as the market sniffed a fundraise. With this fundraise out of the way those who liked the AI transformation may feel it is safe to get on board.
Vast Resources (VAST), the AIM quoted mining company, is pleased to announced it is now in receipt of the final packing list post the Kimberly Process inspection. The total quantity of diamonds included in the Historic Parcel is now estimated to be 135,139.47 carats, of which an aggregate 36,475.26 carats have already been identified to be gem quality.
Comment: We find out more and more why the CEO put in half a bar of his own money into the company, especially as the quantum of ice becomes better known,
Kazera Global (KZG), the AIM-quoted investment company, announced that, further to its announcement of 24 September 2024, it has now received a comprehensive and favourable ruling in binding arbitration proceedings against the Namibian company, Hebei Xinjian Construction CC, with a total award of c.US$11.9 million plus costs.
Comment: Shares of KZG have already been licking their lips at the prospect of nearly $12m hitting the bank account, with the shares up 5x since last summer’s lows, and threatening to head up to 2.4p over the next couple of months.
Helix Exploration (HEX), the helium exploration and development company with near-term production assets within the ‘Montana Helium Fairway’, is pleased to provide an update on flow testing scheduled for Linda #1 and Weil #1 within the Company’s Rudyard Project Highlights: Mobilisation of work-over rig and testing equipment to commence this week. Testing will commence with perforation at Weil #1 well testing combined flow from helium bearing Souris and Red River formation.
Comment: Another work in progress RNS, something which underlines how much all concerned simply want to wake up and smell the helium rather than read about the seemingly endless process of getting there.
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.
