RNS Hotlist with Zak Mir: OKYO, C4XD, LIFE, QTZ, DVRG, AXL, KEFI, CORA, ADV, EQT, AMGO, SAE & TUNG via Vox Markets

With a mention in the Sunday Express yesterday helping along, OKYO Pharma (OKYO), a biotechnology company announced that its drug candidate OK-101 which was developed to treat DED through its anti-inflammatory mode of action also shows potent ocular pain reducing property determined using a mouse model of corneal neuropathic pain, establishing the potential to treat both pain and inflammation, the most common symptoms of dry eye, with a single drug.

By Zak Mir

C4X Discovery Holdings (C4XD), a Drug Discovery company, announced its full year audited results for the year ended 31 July 2021. The company said 2021 has been a tremendous year of progress for C4XD across our entire portfolio, culminating in the signing of our second major licensing deal with a global pharma company. The €414 million agreement with Sanofi for its IL-17A oral inhibitor programme further demonstrates the value of its Drug Discovery expertise and business model of driving shareholder value through early-stage revenue generating deals. There is also significant partnering interest in NRF2.

There seems to be little in the latest announcement from Love Hemp Group (LIFE) to explain the recent share price weakness, with all the key metrics pointing in the right direction. The brand-led consumer goods company focussed on CBD health and wellness solutions, announced its final results for year ended 30 June 2021. Revenue hit £4.33 million (FY20 £2.69 million unconsolidated and £1.69 million consolidated from date of acquisition). Gross profit of £1.25 million (FY20 £0.96 million from date of acquisition). Post period the company launched virtual Love Hemp on Amazon. The company said it has been delivering growth in revenue, attracting new customers, developing new retail relationships and securing partnerships with leading organisations and individuals.

Quetzal (QTZ) said that TAP Global Limited, a leading regulated fully integrated Crypto-Fiat exchange service, has launched its account services for corporate entities. This will now allow TAP to onboard corporate clients in addition to its already 58,000 registered individual users. Several corporate clients have already been on-boarded to the TAP platform, including Crypto Influencers, Crypto Funds, Metaverse Providers and Consultants. Quetzal believes that the provision of corporate accounts could be a very strong growth vector for TAP, given the strong regulatory umbrella that TAP has in place. This month Quetzal announced an option to acquire TAP.

DeepVerge (DVRG), the environmental and life science AI company, said that it is expanding the range of dangerous pathogens to be detected within Modern Water Mobile Services with additional product purchases under the company’s existing Technology and Commercial Agreement with Microsaic Systems (MSYS) details of which were notified in the RNS of 24 March 2021. It is also amending the terms of the Agreement to allow provision of additional goods and services, including those which may be developed in the future by Microsaic.

Arrow Exploration (AXL) announce that as of December 10, the Dalehurst 06-26-52-23W5 well (West Pepper Well) located near Edson, Alberta, Canada was brought on stream. Initial stabilized production rates are 6.2 MMscf/d of natural gas, or over 1,030 boe/d, at 7,214 kPa tubing pressure, 30,048 kPa casing pressure, and with no water production. With the additional production from the West Pepper Well, the company estimates that its net corporate production is approximately 1,570 boe/d, almost tripling net corporate production prior to the tie-in of the West Pepper Well.

KEFI Gold and Copper (KEFI), the gold and copper exploration and development company, announced the issuance of the Al Godeyer and Al Godeyer East Exploration Licences, to the KEFI-operated Saudi Arabian joint-venture Gold and Minerals Limited. The licences are situated 12km south-west of the Company’s Hawiah discovery, which is expected to shortly upgrade the 2020 Mineral Resource Estimate of 19.3Mt at 1.9% copper equivalent.

Cora Gold (CORA) provided an update on its Definitive Feasibility Study for the Sanankoro Gold Project in Southern Mali. All key consultants and contractors appointed in September 2021 have completed site visits to Sanankoro. Hydrogeological and geotechnical drilling programmes, as well as geotechnical test pits, have commenced on site and are ongoing. The site lay-out has been developed to include process plant and Tailings Storage Facility locations.

Advance Energy (ADV ), the energy company provided an update on the Buffalo project offshore Timor-Leste ahead of the drilling of the Buffalo-10 well. The Operator of the Buffalo Project, Carnarvon Petroleum Timor, Lda., has been advised that the Valaris JU-107 jack-up rig is completing its final operation with another operator, with rig handover now expected to occur in late December 2021, instead of mid-December as previously guided. The company notes that the delays are not related to the performance of the rig or preparation by the Operator.

EQTEC (EQT), a world-leading technology innovation company, update on its UK Projects at the end of 2021. The company said it has delivered financial close on a number of deals, most importantly on two Market Development Centres, both to be operational in 2022. It has accelerated conversion of pipeline opportunities into well managed projects and this sets us up for further, sustainable growth in 2022.

Amigo (AMGO), a provider of guarantor loans in the UK, is updated on its proposed Schemes of Arrangement. The company said that it is writing to customers with a new Scheme proposal to meet redress claims relating to historic loans. In shaping the proposal, it has listened closely to the views of the Independent Customers’ Committee.

SIMEC Atlantis (SAE) said that it has agreed the sale of its subsidiary Green Highlands Renewables (GHR) for a total cash consideration of £3m, payable in full on completion. GHR has successfully developed and commissioned over 50 hydro schemes across Scotland. Under the terms of the transaction, VH Auslandsbeteiligungen GmbH (VHA) will acquire a 90% interest in GHR and Alex Reading (General Manager of GHR until 9 December 2021) will acquire a 10% interest.

Tungsten Corporation (TUNG), a provider of digital financial management products and software solutions, revealed its unaudited interim results for the six months ended 31 October 2021. The company said it is encouraged by progress made in the period with some significant strategic wins across our portfolio and partnership offerings. It also said it has agreed to pay $1,500,000 (£1,128,000) in full and final settlement of an employment claim made against the company in the United States that was initiated in early 2020.

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Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.


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