RNS Hotlist with Zak Mir: POLB, SLE, BZT, QTZ, ODX, PHE, LOOK, SVML, SENS, CDL, SLP, AAA, KIST, THR, HUM & BRES

The deal flow continues apace at Poolbeg Pharma (POLB) a clinical stage infectious disease pharmaceutical company, confirmed that it has signed the licence to AnaBio Technologies microencapsulation and nanoencapsulation technologies to develop an oral vaccine delivery platform.

By Zak Mir 

This follows the binding term sheet announced on 16 December 2021. This licence provides Poolbeg with exclusive access to AnaBio’s microencapsulation and nanoencapsulation technologies for use in the development and commercialisation of vaccines.

San Leon (SLE), the independent oil and gas production, development and exploration company focused on Nigeria, reported that two of its wholly owned subsidiaries, San Leon (Netherlands) Limited and San Leon Energy B.V., have successfully concluded their ongoing legal proceedings with TAQA Offshore BV in relation to San Leon’s legacy interests in two royalties on Block Q13A , including an Overriding Royalty Agreement entered into with Encore Oil as part of a sale and purchase agreement entered into in 2007.

Bezant (BZT) updated on recent work completed and further programme planning at its’ 100% owned high-grade Kanye manganese project in Botswana. The company said the new mapping and prospecting programme at Kanye has for the first time highlighted the potential continuity of the target zone for high-grade manganese over a minimum of 4km between the Moshaneng and Loltware prospects. BZT is moving forward to a new phase of sampling and trenching to confirm continuity of the zone, with follow-up drill planning in preparation.

Quetzal (QTZ) announced that investee company Tap Global Limited, a Crypto-Fiat exchange service provider, has launched an additional ten assets that are now available for trading to registered users. These new tradeable assets include some ‘stable coins’ which lays the foundation for TAP to offer ‘interest bearing’ deposits, through staking yields, with the help of Decentralised Finance.

Bear / shorting target du jour Omega (ODX), the specialist medical diagnostics company, said it notes the recent online speculation and confirms that it is in discussions with certain investors and shareholders regarding a potential equity fundraising. The company has significant cash resources. Accordingly, there is no immediate need to raise additional capital and the company may choose not to proceed with fundraising until such time as conditions are more favourable. So it needs cash, but does not really need it that soon.

Powerhouse Energy Group (PHE), the UK technology company commercialising hydrogen production from plastic, announce that that it has appointed Paul Drennan-Durose as its Chief Executive Officer. Drennan-Drurose has many years of Board level experience in complex new technology, distribution, engineering services, and manufacturing companies.

Lookers (LOOK) has been notified by Constellation Automotive Holdings Limited and its related parties of its purchase over recent days of a total of 78 million Group shares, representing approximately 19.90% of the issued ordinary share capital of the Group. The majority of the shares were purchased at a price of 102 pence per share from former NED Mr Tony Bramall (and associates).

Sovereign Metals (SVML) provided its quarterly report for the period ended 31 December 2021. The highlight here were that the initial Scoping Study confirmed a multi-decade operation providing a stable supply of highly sought-after rutile (TiO2) and graphite whilst contributing significantly to the economy of Malawi. Kasiya is the largest undeveloped rutile deposit in the world and is highly strategic in a market characterised by extreme supply deficit.

Great British understatement came into play with Sensyne Health (SENS), the Clinical AI company, announced its unaudited financial results for the six months ended 31 October 2021. Lord (Paul) Drayson PhD, CEO of Sensyne Health, said this has been a challenging period that has tested the commitment and resilience of Sensyne, its staff and its stakeholders. Whilst SENS’s commercial progress in the year to date has been disappointing, he remains confident about the company’s long-term prospects.

Cloudbreak Discovery (CDL) said that it has entered into an agreement with OIG Overseas Investment Group Ltd, for corporate development services. The agreement will be for an initial period of one year for which Cloudbreak will issue 58,000,000 ordinary shares to OIG and certain associates. Nice work if one can get it.

Sylvania (SLP) announced the results for the quarter ended 31 December 2021. Sylvania Dump Operations achieved 16,605 4E PGM ounces in Q2 (Q1: 15,771 ounces). Among the tsunami of positive metrics SDO recorded $37.9 million net revenue for the quarter (Q1: $29.8 million). Group EBITDA of $22.3 million (Q1: $13.6 million). Net profit of $15.5 million (Q1: $8.6 million) and Group cash balance of $110.1 million (Q1: $132.7 million).

All Active Asset Capital (AAA) provided an update to its expectant shareholders. The company said it anticipates providing a final outcome on the collaboration discussions between AAQUA and Sentiance during the first half of February, and shortly after this update, it is expected that trading in AAA shares will commence.

Stock market star Kistos (KIST), the energy producer, said that it has entered into a conditional asset purchase agreement and a conditional share purchase agreement with TotalEnergies S.E. to acquire a 20% interest in the Greater Laggan Area producing gas fields. including a 25% interest in the Benriach prospect.

Thor Mining (THR) provides a quarterly activity report for October to December 2021. The company said the December quarter saw Thor increase its on-ground exploration activities with concurrent drilling programs at Ragged Range Gold Project, WA and Molyhil Critical Minerals Project, NT, whilst advancing the drill permit process for Wedding Bells Uranium Project, USA. The company said it is the start of it gold campaign at Ragged Range, with some of the best ground yet to be tested.

Hummingbird Resources (HUM) provided an operational update for the fourth quarter of 2021 and its outlook for FY2022. The company said throughout 2021 it has made significant steps towards our strategic goal of becoming a multi-asset, multi jurisdiction gold producer. Construction at Kouroussa is ramping up and is on schedule for first gold by the end of Q2 2023 – taking HUM towards being a +200,000 oz gold producer.

Blencowe (BRES) provided a further update to the comprehensive JORC Resource diamond drilling program that was completed in 2021 on its Orom-Cross Graphite Project in Northern Uganda. The company said the latest drill results at Camp Lode will allows it to add new high grade resources to the wider project. It is finalising resource estimation work at the Northern Syncline and looks forward to releasing the updated JORC Resource for the Orom-Cross project.

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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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