(Alliance News) – The head of an air traffic control provider will speak to the UK Transport secretary on Wednesday as disruption is set to continue after a technical issue grounded flights. Flight monitoring website Flightradar24 said 1,300 flights had been cancelled to and from UK airports on Tuesday after a system issue hit Nats, which provides air traffic control services to 15 UK airports.
Tens of thousands of passengers were caught up in the chaos, which continued on Wednesday with cancellations and delays expected as airlines deal with the knock-on impacts at airports including Heathrow, Gatwick, Manchester and Stansted. According to FlightRadar, 246 flights had been cancelled at Heathrow Airport by 0600 BST on Wednesday, while Gatwick passengers faced 33 cancellations. Nats’ Chief Executive Officer Martin Rolfe said he “always accept[s] full responsibility” when asked if he was considering his position after the incident.
Comment: Enemies of the UK looking to sabotage / hack into key infrastructure must be scratching their heads as far as what areas to target, given how good we seem to be at delivering own goals such as yesterday’s flights fiasco. As far as Martin Rolfe is concerned, he has provided a master class in terms of unperforming CEOs holding onto their jobs. Well done that man.
Total Graphite plc (TGR), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announced the appointment of Lycopodium Minerals Africa (Pty) Limited to review and update the feasibility work on its Montepuez Graphite Project in Mozambique, which is permitted for production of up to 100,000 tpa, taking the modular development route set out in the October 2017 Value Engineering Study as the base case. The February 2017 definitive feasibility study (“DFS”) contemplated a single-stage 100,000 tpa operation requiring US$126 million of pre-production capital and returned an NPV (10% discount rate) of US$146 million, an IRR of 21.4% and payback of 4.75 years over a 30-year mine life.
Comment: Another day, another RNS from TGR, which seems to be flexing its operational muscles, as if it were a burgeoning new Rio Tinto. Its revamped merits have already been noticed by those investors who like to go in early on recovery situations. Breaking through 1p will underline that many more have followed.
Corero (CNS), the distributed denial of service (“DDoS”) protection specialists and champion of adaptive, real-time service availability, announces its unaudited results for the six months ended 30 June 2026. Financial Highlights: strong revenue growth of 42% to $15.5 million (H1 2025: $10.9 million). Underpinned by new customer wins and contract expansions. EBITDA improved to $2.6 million (H1 2025: loss of $1.4 million). Year-on-year progress highlights ongoing traction with channel partners and ongoing expansion of product offering. Annualised Recurring Revenues grew by 12% to $24.1 million (H1 2025: $21.6 million). FY 2026 expected to exceed market expectations.
Comment: For some reason CNS is usually just the type of company in the kind of space that one does not want to include in the RNS Hotlist. After all, who really knows what is “DDoS” anyway? Such issues notwithstanding, the company is serving up an exceed market expectations and a share price rise, so perhaps the leopard has changed its spots.
GreenRoc Strategic Materials Plc (GROC), a company focused on the development of critical mineral projects in Greenland, announced the preliminary results of Phase III drilling to date at the Amitsoq Graphite project in South Greenland which has extended graphite mineralisation significantly to the north of the previous resource drilling. The Company is also pleased to report that Ursula von der Leyen, President of the European Commission, made reference to the importance of the Amitsoq Project in a keynote speech she delivered this week in Nuuk, Greenland during which she announced a new EU-Greenland partnership.
Comment: Shares of GROC got the Man From Del Monte boost yesterday as our friends at the EU have judged graphite in Greenland as the new rock and roll. Today the company finesses the rise with a more vanilla update, which should by reminding the market of yesterday’s new maintain the best of the 50% share price gain.
Active Energy Group plc (AEG), which is developing power-backed critical infrastructure supporting AI, next-generation digital infrastructure and other strategic industries across the United Arab Emirates and the wider Gulf, updated on progress during the summer of 2026. he period has changed the scale of AEG’s opportunity. Having proven it can secure, energise and commercially operate power-backed sites in the UAE, the Group is now directing its resources towards larger developments capable of supporting institutional counterparties, while extracting more value from the land and power it already controls. Operating site performing in line with expectations; capacity aggregation towards institutional scale; 60 MW opportunity identified; discussions on requirements of up to 100 MW.
Comment: There was some decent momentum in shares of AEG in the spring, but it may be that the UAE connection at a time of Middle East conflict requires a little more finessing by the company, as well as the data centre angle given the way that the tree hugging brigade as starting to get uncomfortable regarding the concept. Nevertheless, the floor of the recent 0.07p to 0.15p range appears secure.
Sovereign Metals Limited (SVML) announced the results of the Scoping Study for recovery of a monazite concentrate with significantly elevated heavy rare earths content as a by-product from its Kasiya Project in Malawi. Concurrent with the Study, the Project has been renamed the Kasiya Critical Minerals Project, reflecting its combined rutile (titanium), graphite, and rare earth product suite. Simple, capital-efficient circuit to recover highly sought-after critical rare earths with significant valuable Nd+Pr+Dy+Tb+Y content as a potential monazite by-product – enhancing the exceptional economics of the Kasiya Rutile-Graphite DFS”.
Comment: SVML is apparently in the rather strange position of being a serious mining play, but so far without the stock market appreciation or trading volumes it merits. The are several reasons for this, but perhaps if more people knew what “Nd+Pr+Dy+Tb+Y” stood for, it might help.
Reabold Resources (RBD), the investing company focused on developing strategic gas projects for European energy security, confirmed that Rathlin Energy (UK) Ltd, operator of PEDL183 in East Yorkshire, which holds the West Newton natural gas field, has provided notice that the preparatory works for the planned recompletion, stimulation and testing programme at the West Newton A-2 well will commence shortly. RBD said RBD said “We are delighted that notice for the preparatory work for the upcoming West Newton programme, ahead of the WNA-2 recompletion and testing, has been provided. This signals the commencement of a significant operational milestone for the project and an exciting moment towards unlocking the full value of West Newton.”
Comment: So far the proposed deal with Union Jack, a fellow owner of West Newton, seems to be as popular as the lumpy bits in custard. However, the idea was sound / timely, and of course sometimes there is nothing worse than tabling such ideas when both parties are hardly flavour of the month. Perhaps a bit like the Brexit vote going the wrong way?
GenIP plc (GNIP), a provider of AI-driven services to help research organisations and corporations commercialise their innovations, announced it has given notice on its agreement with Phosphorix Ltd as part of a planned transition to bring full operation and management of the Invention Evaluator platform in-house. This is a strategically important and positive development for GenIP which will enhance governance, strengthen operational resilience, and accelerate the Company’s ability to innovate and scale its technology platform. Following an agreed three-month transition period, during which Phosphorix will continue to provide support services, GenIP will possesses the full internal resource, technical expertise, and leadership required to manage and scale the Invention Evaluator platform independently.
Comment: GNIP has made and continues to make good progress in the race to get up to cruising altitude in terms of the revenues it is seeking. This process is clearly ongoing, as it continues to kick the tyres as far as counterparties and initiatives. With the market cap now below £1m, some might say that the market has been overly harsh as we play the waiting game.
Asiamet Resources Limited (ARS) announced that it has completed the sale of its wholly owned subsidiary, Indokal Limited, which owns a 100% interest in the KSK Project, to Norin Mining (Hong Kong) Limited. Following completion of the Transaction, the Board has approved a special cash dividend of US$93.0 million, in line with the Company’s previously stated intention to substantially utilise the net proceeds from the Transaction to effect a cash distribution to shareholders.
Comment: It has been such a long wait for shareholders for ARS to hit the big time in terms of a payment, the latest news almost brings tears to the eyes. But at least we now know why the share price has been improving in recent days. Well done to all the telepathic / psychic investors who bought around 1.7p – 1.8p without knowing anything in advance on a stock which is usually dead.
Light Science Technologies Holdings plc (LST), the innovative technology and manufacturing business providing real-world solutions targeting issues including fire safety and global food security, announced that its Passive Fire Protection (“PFP”) division has secured approximately £0.8 million of additional business since the Company’s PFP Division trading update released on 24 June 2026. The additional business comprises further orders and invoiced sales of the Group’s Injectaclad cavity fire barrier system through its installer network and two further contracts secured by the Company’s in-house installation business, Injecta Fire Barrier.
Comment: LST is making progress, and £0.8m is nothing to be sniffed at. But it remains to be seen whether this sprawling set of business can win in all its chosen areas, and how it can scale up from the present not insignificant £18m market cap. The question is perhaps how to make cavity fire barrier systems sound sexy, which perhaps for some they already do?
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.
