Oxford BioDynamics (OBD), a precision clinical diagnostics company bringing specific and sensitive tests to the practice of medicine based on its EpiSwitch® 3D genomics platform, and Regina Maria Private Health Network, the leading medical services provider in Romania, have signed a distribution agreement to give patients in Romania access to OBD’s clinical EpiSwitch PSE (EpiSwitch Prostate Screening) and EpiSwitch CiRT (Checkpoint inhibitor Response Test) blood tests.
Comment: Thumbs up to OBD to announce this agreement so soon after its recent fundraise. What the market will be waiting on is more of the same in terms of an international rollout with significant players.
Andrada Mining (ATM), a tin producer with a portfolio of critical raw materials mining and exploration assets in Namibia, has entered into a USD2.5 million secured funding facility from LC Abelheim Limited as trustee of The Orange Trust. The Loan will fund the construction of a second tin processing jig plant at the Company’s flagship Uis mine. The Orange Trust is Andrada’s largest shareholder, it has 15.81% of the issued ordinary shares in in the Company. ATM said “This strategic investment reflects our confidence in the abundant tin resources of Namibia’s Erongo region and, particularly in the Uis mining license. We anticipate a surge in tin demand over the year which, when combined with Andrada’s entrenched position in the global tin supply chain, creates a unique competitive advantage for the Company.
Comment: ATM shares have bounced off their lows in recent weeks, presumably in anticipation of the kind of news delivered today. That said, the stock is still under half of what it was this time last year, and there is plenty of work to do to get the right message out.
Mkango Resources (MKA) has been informed that Robert Sewell, CFO of the Company, has purchased 450,000 shares at a price of 11p per share on February 11, 2025.
Comment: Quite logically, it tends to be a rather strong buy signal when as at MKA there is director share buying following the share price up, rather than the typical catching a falling knife too try and boost confidence that we normally see.
80 Mile (80M), the AIM and FSE listed exploration and development company with projects in Greenland and Finland, noted the announcement by Hydrogen Valley Ltd, regarding an exclusive consultancy agreement signed between Hydrogen Valley’s subsidiary, Greenswitch srl and Mendelsohn Development Agency, in order to progress financing initiatives for Greenswitch. 80M said “Bringing on Mendelsohn, a nationally recognised firm with extensive expertise in filing and receiving grants in Italy is a major step forward for the plants evolution to include hydrogen and sustainable aviation fuel. Shareholders can look forward to regular updates on progress with respect to grants and incentive programmes as well as project updates on Disko and Jameson. 2025 is shaping up to be our best year to date and I remain confident of success on multiple fronts in the next 6 months.”
Comment: 80M may be gushing about its activities and prospects and quite rightly so. However, some work is needed to get the stock into investor watch lists, given that few will be familiar with the name and what it does.
Helium One Global (HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, provides an update following the Blue Star Helium (ASX: BNL) announcement issued today regarding the Galactica Project.
Comment: Shares of HE1 jumped 17% yesterday, presumable anticipating that after months there may be some significant news from Tanzania. Well, not today.
Gem Resources (GEMR), the owner and operator of the Gravelotte Emerald Mine in South Africa, is pleased to provide a further operational update following the successful resumption of mining activities in the Cobra Open Pit. This marks a significant milestone as GEMR undertakes its own hard rock mining operations within the historic Gravelotte deposit where the initial results are ahead of historical results. GEMR said “We are extremely pleased with the initial results and ongoing progress at Gravelotte since initiating our own hard rock mining operations in the Cobra Open Pit. The initial ore recovered is consistent with our expectations of the quality and output potential of the deposit, at the same time the efficiency of our upgraded processing plant has been a key driver in optimizing production. We look forward to further scaling our operations and remain on track for our first sale in the first half of the year.”
Comment: GEMR has moved well to reassure a market which has been obsessing over emerald production and sales, rather than the operational successes the company has continued to deliver. Let us see whether the promise of a sale in coming months will move the share price dial.
Goldstone Resources (GRL) updated on its Homase Mine and heap leach operation in south-western Ghana. Record Gold Pour: On 10 February 2025, the Company achieved a record 16.253 kilograms of gold doré, equivalent to approximately 522 ounces of gold. Strong Production Growth: Monthly gold production has doubled since November 2024, and Goldstone remains committed to working towards its target of 1,000 ounces of doré per month. BZT said “The results justify our commitment to ore sorting technology that not only allows us to operate efficiently in a challenging environment but also in a manner that is more beneficial for the environment. Excellent advice and guidance from the ore sorting experts at Steinert have further improved Project economics with scope for yet further improvements in copper recovery being possible.”
Comment: If one is going to be producing record amounts of gold, this is the time to do it with the yellow metal closing in on $3,000 oz. GRL is also showing something of a giant killing performance in the sense that many much larger gold producers have not been able to get their duck in a row as this one has.
Goldplat (GDP) the AIM listed Mining Services Group, with international gold recovery operations located in South Africa and Ghana, servicing the African and South American Mining Industry, is pleased to announce an operational update for the 2nd quarter ended 31 December 2024 (Q2), of the current financial year. GDP said “I am pleased with what our teams in the two business units have achieved during Q2. In Ghana, the team continued its implementation and management of several new processes and procedures to focus the business on local beneficiation and manage engagement with authorities with regard to new changes and requirements. In South Africa, we continue streamlining the operations to respond to lower visibility of supply of material.”
Comment: Despite the company making operational progress, the shares remain mid-range, as if the market is waiting on a decent fundamental breakthrough.
Celadon Pharmaceuticals (CEL), a UK-based pharmaceutical company focused on the development, production and sale of breakthrough cannabis-based medicines, provides an update on its financial position. The Company announced that it has received the final £103k from its £1.0m draw down request, under its Committed Credit Facility. The Company has also received a £389k tax credit from a R&D claim for the year ended December 2022. The tax credit was held on balance sheet as a deferred tax asset. The Company continue to explore further capital opportunities.
Comment: What would early mornings on the London stock market be without the regular adrenalin shot of CEL’s finance updates? The company just keeps us hanging on. It may still be the cash that it is not so much the capital opportunities here, but the cash burn.
MTI Wireless Edge (MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, announced that its Antenna division has received a significant repeat order from a system house in Israel for the manufacture of military antennas worth a total of approximately US$4m, which are expected to be delivered up until 30 June 2026.
Comment: There has been contract win after contract win at MWE, and although the market cap is slowly getting to where it should be, this remains an under the radar, under appreciated company.
IQE (IQE), one of the leading global suppliers of compound semiconductor wafer products and advanced material solutions, announce that it has entered into subscription agreements with a consortium of existing investors and certain senior executives and Directors, led by its largest shareholder Lombard Odier. IQE said “We are pleased a consortium led by our largest shareholder is providing this Convertible Loan Note which demonstrates continued support for IQE and belief in its long-term strategy and significant market opportunity.”
Comment: Shares of IQE have been rising in anticipation of today’s announcement, and given that they are still relatively low in the range, we could witness further upside once the dust settles.
Close Bros Grp (CBG) provided an update in relation to motor commissions. CBG said it anticipates that it will recognise a provision in the H1 2025 financial statements in relation to motor commissions of up to £165 million. This includes estimates for certain potential operational and legal costs, as well as estimates for potential remediation for affected customers.
Comment: Shares of CBG were already up over 50% ahead of today’s provision, something which should be factored into the price.
Barratt Redrow (BTRW) announced Half year results for the period ended 29 December 2024. It noted solid customer demand; strongly positioned for future growth. BTRW said “I am pleased with the performance we have achieved in the first half of the year, continuing to deliver outstanding homes to customers across the country and further building on our unrivalled reputation for quality, service and sustainability. The integration of Redrow is progressing well and we are on track to deliver at least £100m of cost synergies, £10m ahead of the original target.”
Comment: Helped along by the government’s 1.5 million homes target that will never be achieved, BTRW reminds us that to accommodate the burgeoning population explosion, it might be easier and quicker to incentivise the private sector, than as today write a cheque for £350m.
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.
