Pulsar Helium (PLSR), a leading helium project development company, announced the latest gas analysis results from the Jetstream #1 and Jetstream #2 appraisal wells at its flagship Topaz helium project in Minnesota, USA. Laboratory analysis confirms sustained helium concentrations of up to 8% in both wells, reinforcing Topaz’s status as a top-tier primary helium discovery.
The results reveal a highly favorable gas composition and exceptional well performance with Jetstream #1 achieving a peak flow rate of over 1.3 million cubic feet per day under well-head compression. These milestones underscore the significant potential of the Topaz project and pave the way for accelerated development initiatives.
Comment: We have known the potential of Topaz from day one. While the latest update underlines this, the share price is really telling us that the market would like PLSR to stop discovering and start producing, something which is the case with all the helium plays (whether they will ever produce or not.)
Gelion (GELN), the global energy storage innovator, is pleased to announce that its UK subsidiary, OXLiD Ltd has been awarded £533,000 grant funding from the Government’s DRIVE35 programme, facilitated by the Advanced Propulsion Centre UK (APC). This funding will support scale-up and independent validation of Gelion’s proprietary lithium-sulfur (Li-S) technology in high-energy multi-layer pouch cells, a critical step towards commercial adoption in Defence, Aerospace and Automotive markets. The project will be delivered in collaboration with QinetiQ plc (LON: QQ), the UK headquartered defence, security and aerospace company.
Comment: It is difficult not to have a soft spot for GELN, especially after interviewing the company recently, and now that it is rubbing shoulders with serious counterparties such as QinetiQ.
Gold from Waste: How Panther Metals and Fulcrum Metals are Turning Tailings into Value
United Oil & Gas Plc (UOG), the oil and gas company with a high-impact exploration asset in Jamaica and a development asset in the UK, announces that it has updated its unapproved share option scheme and its intention to award of up to 332,361,111 performance related share options pursuant to the amended scheme. These options will not be able to be exercised unless the Company’s share price reaches at least £0.0054 per share, representing a 300% premium to both the July 2025 placing price and the proposed exercise price. This will ensure that management, directors, and other contributors will benefit only after substantial value creation for shareholders.
Comment: This would appear to be a situation where if the shareholders do not win, nor do the management. What a novel and strange concept.
Predator Oil & Gas Holdings (PRD) announced a Report and Interim Financial Statements for the 6 months to 30 June 2025. PRD said it was “Fully funded to satisfy all commitments for the next twelve months. Expanded the portfolio of producing assets in Trinidad in order to achieve economies of scale ; taken critical steps in Morocco to finance and monetise near-term oil and gas development projects; facilitated future opportunities to pursue “blue sky” exploration potential for gas and helium in Morocco.”
Comment: The key words here are “fully funded” which the company should be after all the fundraises, and “blue sky”, which underlines the potential, but also the way that PRD is not quite there yet. But perhaps the main issue here remains the company’s ongoing treat ’em mean, keep ’em keen relationship with the market, which it seems so keen to maintain. Quite bizarre. If this changed the shares could be 2x or 3x where they are now.
IG Group (IGG) said it is revising its definitions of active customers and first trades and introducing funded customers as a new key performance indicator. Refreshed disclosure aligns definitions across the Group and better reflects IG’s more diversified revenue and progress delivering our growth strategy. From Q1 FY26, active customers, first trades and funded customers will be disclosed every reporting period to allow for better identification of underlying trends.
Comment: An update we did not know we needed, and did not need. But remember: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Isn’t is great to live in a Nanny State? Oh yes, and there was another RNS about IGG buying a cryptocurrency exchange in Australia.
Firering Strategic Minerals (FRG), an emerging producer of quicklime and explorer of critical minerals, provide an operational update for its Zambian quicklime operation, Limeco Resources Limited. FRG said “We are delighted with the progress at Limeco, which gives us confidence as we roll out the plan to bring further kilns online. A strengthening sales pipeline with a more diverse product range firmly puts Limeco on track to become a leading supplier of high-quality quicklime to the region.”
Comment: One notices someone on X tweeting away earnestly and consistently regarding the new wonders of FRG. This may be the case given that the shares have halved since their early 2025 peaks. But this still appears to be a work in progress both operationally and in terms of the share price.
Insig AI (INSG), the data science and machine learning solutions company and its subsidiaries announce its results for the year ended 31 March 2025. Revenue growth of 43% for the year to 31 March 2025. Current year Q1 revenue growth of 143% against corresponding period. Loss before non-cash impairments and non-capitalisation of staff development costs reduced from £1.1 million to £0.5 million. Over the second half of the year, adjusting for non-cash charges, a reduced Group loss compared to the first half of the year.
Comment: Given the strong updates from the company in recent months, one might have thought that it would already be in the black. That said, this should happen soon, and the run up to this allows for buyers to get in on any share price dips.
Block Energy (BLOE), the development and production company focused on Georgia, is pleased to announce the spud of KRT-39ST. As announced on the 12th August 2025, KRT-39ST is being drilled as a pilot of the new ‘slim hole’ technology, which sees the well being drilled and completed for approximately 40% of the cost of Block’s previous ‘conventional’ sidetracks. Should the pilot be successful, the technology has scope for application on both Project I and Project II.
Comment: We have seen that the newsflow at BLOE has been improving for quite some time, as illustrated by today’s news. That said, every rally continues to be sold into.
Sabien (SNT), a leading provider of energy reduction technologies, today provides an unaudited trading update. The Company can report that in the first 10 weeks of the new financial year, recognised sales revenue from M2G activities is £273,650 and open orders expected to be invoiced within the first financial half year are £170,941. This total of £444,591 compares to the half year sales revenue in the prior year of £334,000 and demonstrates that the Company is on track for year-on-year growth. SNT said “I believe this strong start to the new financial year shows our strategy for turn around and growth is bearing fruit. At the 20% point through the year, we have already secured in excess of 50% of the previous full years’ sales revenue through a combination of enhanced channel sales and cloud service subscriptions.”
Comment: It apparently does not take much to make some people happy in terms of revenues. But at least SNT is heading in the right direction.
Valereum (AQSE:VLRM) provided an update on the implementation of its strategy targeting the transformation of global financial markets through tokenisation. The Company has accelerated its mission to build a blockchain-powered finance ecosystem by sourcing best-in-class third-party, white-label platforms and integrating them as service providers. Valereum has moved beyond third-party reliance by selectively investing in category leaders across key segments of the digital asset value chain.
Comment: Everyone loves a good mention of an ecosystem, even if 99% of people do not know what it means or refers to. That said, now that VLRM is 90% down from its 2025 peaks, it may be time for a revival, ecosystem or no ecosystem.
Equipmake (AQSE:EQIP), a market leader in engineering-driven differentiated electrification technologies, products and solutions across the automotive, truck, bus and speciality vehicle industries, is pleased to announce that the Company has received a £5.45 million order from Agrale S.A. to supply electric drivetrain systems for 50 Agrale buses of varying types, including coverage of the Company’s non-recurring engineering costs.
Comment: EQIP shares have been hit harder than Labour in the polls over the past year, and therefore this decent order is both a relief and a shot in the arm. It reminds the market of the value and potential of the company.
Skillcast (SKL), the Governance, Risk and Compliance (“GRC”) software and e-learning provider, announce continued growth in recurring subscription revenue and profitability in its unaudited results for the six months ended 30 June 2025. Revenue growth of 18% (H1 24: 24%) driven by a 23% increase in subscription revenues. Subscription revenues increased to 85% of total revenues (H1 24: 81%). Professional services revenues were 7% below the prior year at £1.1 million (H1 24: £1.2 million). ARR increased 23% YoY to £12.8 million as at June 2025 (June 24: £10.4 million) and +10% year to date.
Comment: Everyone hates GRC, apart from the people who make money out of this branch of red tape. But in the current Kafkaesque environment, it would appear we have a decent play on this burgeoning area in SKL.
Power Metal Resources (POW), the London-listed natural resources exploration company and project incubator with a global project portfolio, announced a proposed normal course reduction of capital, to ensure there are sufficient distributable reserves to facilitate a return of capital to shareholders. The Company recognises the importance of providing returns for the Company’s investors and considers it highly desirable that the Company has the maximum flexibility to return value to Shareholders via a distribution of reserves.
Comment: Shares of POW remain around half the price they should be, and arguably even lower given the revival in the space that it is in. The latest initiative should hopefully help to address this unfair situation.
Spire Healthcare Group (SPI) said it notes the recent media speculation. As announced at the Company’s results for the six months ended 30 June 2025, the Board is pleased with the progress made in implementing strategic and efficiency initiatives but believes that these, together with Spire’s freehold property and a well invested asset base, are not yet reflected by the market in full. The Board therefore continues to actively evaluate appropriate action that could drive long term shareholder value.
Comment: A good old fashioned leaky share price rise in SPI ahead of today’s RNS. That said, so far it would appear that the shares have already had the bump on the upside that the speculation triggered.
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.
