Pulsar Helium (PLSR): With rig mobilisation just days away for the deepening of the Jetstream Wells, appraising the highest-grade helium discovery in North America, Oak Securities published a research note on Pulsar Helium this morning. “Countdown To Launch” ahead. It highlights the busy work program ahead. Oak has organised an investor call with Tom Abraham-James the CEO of Pulsar at 12pm tomorrow. Click for report: Pulsar Oak Securities 26112024
Incanthera (AQSE: INC), the company focused on innovative technologies in dermatology and oncology, provides an update in respect of the launch of its premium skin care range Skin + Cell. The Company advises that it has received unsupported allegations from a third party concerning potential patent infringement in relation to the formulation of the Skin + Cell range of products. The Company considers the unsupported allegations to be without merit.
Comment: With INC having been the post child of Aquis this year, this is a disappointing RNS. Nevertheless, the tardiness of the commercial update last month, and the fall in the stock from over 30p in July to 14p yesterday did hint that something was not quite right.
Quadrise (QED), the supplier of innovative energy solutions, announced the signature of a Collaboration and Operational Trial Agreement with MSC Shipmanagement Ltd and Cargill NV, paving the way for the long-awaited vessel trials on board the MSC Leandra. QED said it was hugely excited to be partnering with world-leading Companies to demonstrate the commercial viability and environmental benefits of technology and the contribution it can make to decarbonisation of the shipping sector. Having already successfully demonstrated MSAR® on the trial vessel, we are highly confident of a successful trial result on bioMSAR™ and the substantial commercial opportunities that this will lead to.
Comment: Although it is perhaps a tad early for the market to mark up the share price as much as it has, this is a reflection of today’s news being a long time in coming, for instance, we have changed monarchs in the meantime. Presumably catching out the odd shorter / market maker as well.
Cadence Minerals (KDNC) announced the metallurgical test results confirming the ability to produce high-purity, Direct Reduction grade iron concentrates at the Amapá Iron Ore Project in northern Brazil. KDNC said it was excited to announce a significant milestone in the development of the Amapá Project. It has successfully produced a DR-Grade grade concentrate of 67.5% iron, characterised by low silica and alumina levels. The production of DR-grade products at Amapá will substantially improve the project’s economics and allow us to further its discussion with potential collaborators and joint venture partners.
Galileo (GLR), the exploration and development mining company, announced that it was informed on 25 November 2024, that Joel Silberstein, Finance Director acquired 369,863 Ordinary Shares of 0.1p in the Company at an average price of 1.095p per share. Following this transaction, Joel Silberstein is interested in 369,863 Ordinary Shares representing 0.03% of the issued share capital.
Comment: Given that despite decent operational progress from GLR this year the shares have not really moved, it is not surprising that this has triggered director buying.
Beowulf BEM), and its wholly owned Finnish subsidiary Grafintec Oy announced that the Company has been granted €232,000 by Business Finland. The grant funding of €232,000 is equivalent to 50 per cent of the 3-year €464,000 budget for Grafintec’s ‘Management and Valorisation of Waste Streams in the Coated Spherical Graphite Production Process’ project. BEM said Business Finland continue to provide Grafintec with excellent support. These funds will be a valuable contribution to its ambition to develop GAMP into a leading sustainable European value chain for anode materials.
Comment: There is probably nothing more satisfying for explorers / developers to get non-dilutive funding, and therefore the ongoing process for BEM is all the more sweet.
Great Western Mining Corporation (GWMO) which is exploring and developing gold, silver and copper targets in the Walker Lane belt of Nevada, USA, announces a placing to raise gross proceeds before expenses of £300,000 at a price of 0.0165 pence. CMC Markets UK PLC, trading as CMC CapX, acted as the Company’s placing agent in respect of the Placing.
Comment: It is at this time of year that some small cap companies raise cash to get them through Christmas. Better now, that if you have to try raising in December.
Clean Power Hydrogen (CPH2), the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser, provided an update on current operational activities and strategy. CPH2 said that in order to fund the implementation of this strategy, the Company is proposing to raise a minimum of £6m by way of a fundraising.
Comment: Even though it all sounds great, we are reminded that all this Net Zero, Green Transition malarkey does not come cheap, and can be a rocky and long ride for investors.
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
