Wellnex Life (WNX) provided an operational update along with its Appendix 4C for the quarter ended 31 March 2025 The Company recorded cash receipts for Q3 FY25 of $6.6 million, an increase of 69% compared to the previous quarter (Q2 FY25 $3.9 million), with the Company recording a positive cash flow from operations of $0.04 million compared to negative cash flow from operations in the previous quarter (Q2 FY25: $0.80 million).
Comment: We knew that WNX was doing particularly well in the last quarter of last year, and now we have it up in lights as far as the first quarter of 2025 as well. A well timed IPO, and one that is all the more welcome as a successful company with a cash flow turnaround.
Harena Resources Plc (HREE), the rare earths exploration and development company focused on the 75% owned Ampasindava Project in Madagascar, notes China’s recent announcement imposing new export controls on rare earth elements, including magnet metals such as Dysprosium (Dy) and Terbium (Tb).
Comment: It is a brave company that comes to market these days, and perhaps none luckier that HREE, given the China export controls on rare earths. Interesting that our friends in the CCP punish all countries for the action of the US. But that this the kind of people they are.
Blencowe Resources (BRES) announced it has signed an additional Non-Binding Offtake Agreement with Qingdao TaiDa Carbon Co Ltd based in China for natural fine flake concentrate offtake from its Orom-Cross Graphite Project in Uganda. TaiDa is one of the largest producers of Uncoated Spheronised Purified Graphite in the world. Harena’s Ampasindava Project hosts a JORC-compliant large scale 698Mt resource, containing a significant concentration of these high-demand magnet metals. The ionic clay nature of the deposit offers the potential for lower-cost, lower-impact extraction, providing an alternative to China’s dominance in processing and refining.
Comment: Market appreciation continues to be relatively thin on the ground for BRES, even though announcements such as today’s underline the significant opportunity here, especially in current tariff blighted conditions. After all who does not love uncoated spheronised graphite?
Thor Explorations (THX) provided an operational and financial review for its Segilola Gold mine, located in Nigeria, and for the Company’s mineral exploration properties located in Nigeria, Senegal and Côte d’Ivoire for the three months ending December 31, 2024 and the audited financial results for the year ending December 31, 2024. THX also announced its maiden dividend.
Comment: While it does not take Einstein to work out that THX is the kind of company that should soar with the price of gold, it may be that the maiden dividend underlines to the last of the doubters that this is a grown up company.
Prospex Energy (PXEN), the AIM quoted investment company focused on European gas and power projects, provided an operational update on its production, development and drilling schedules across its portfolio of three producing natural gas assets onshore Europe: Viura, Selva and El Romeral. Prospex’s net production rates have increased by 187% since January 2024. Net revenues have also risen year on year assisted also by the rise in energy prices. For the ownership of each of the assets in the Company’s investment portfolio.
Comment: PXEN continues to make significant progress in an earnest way, perhaps too earnest to get full stock market appreciation. But one can tell Mark Routh and the team are happy just getting on with the job.
Celsius Resources (CLA) announced that its Philippine affiliate, Makilala Mining Company, Inc. has received formal confirmation from the Philippine Department of Environment and Natural Resources that it has satisfied the final financial compliance requirement under its Mineral Production Sharing Agreement for the Maalinao-Caigutan-Biyog Copper-Gold Project.
Comment: Getting the green light that it needed suggests that CLA is now due a re-rate as it can move ahead with its flagship project. Expect the shares to re-rate accordingly, even in current stock market conditions.
Cykel AI (CYK) reported substantial early market engagement with Lucy, the Company’s autonomous AI recruitment agent, following its release dated 3 March 2025 announcing Lucy was available for hire. The Company has completed 200 product demonstrations across diverse industry sectors, with organisations now actively deploying Lucy as early adopters of the technology.
Comment: Given how little most people understand of what CYK is doing, it may as well be Lucy In The Sky With Diamonds that it is peddling. But at least there seems to be take up in its market.
KEFI (KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, provided an update on recent positive progress. KEFI said “Excluding the potential of the underground resources at Tulu Kapi, the business plan model projections results in over seven years of production, averaging 167,000 oz per year, generating a net cash flow to project shareholders of US$1.1-1.6 billion at gold prices of US$2,400-3,000/oz over the life of the project.”
Comment: More jam than Robertson’s at Kefi, and we have had to wait longer here for a result than the JFK files. It is to be hoped that something really happens, soon.
Ondine Biomedical (OBI) reports that University Hospital Zurich (USZ) has initiated an independent clinical study evaluating Steriwave®. This marks the first Swiss deployment of Ondine’s nasal decolonization technology to combat surgical site infections (SSI).
Comment: OBI continues to spread its wings both in terms of traction in the medical community, as well as the prospects for application in hospitals in order to significantly improve outcomes.
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.
