Xtract Resources (XTR) announced the successful completion of a 90-day reconnaissance programme on the antimony exploration licences held by Xtract’s 80%-owned venture, Wildstone SARL. The licences are located within the Fez-Meknes and Beni Mellal-Khenifra directorates of northern Morocco, situated within two strategic districts inside the “Antimony Triangle.” XTR said “We now have the basis for the potential development of an antimony business and future exploration and potential resource development will focus on the definition of Mineral Resources and the building of the Company and its capabilities in Morocco.”
Comment: Antimony is one of the commodities that is currently hotter than July, given its position as a critical metal, and given the ongoing tariff debacle. XTR looks to be in the right license at the right time.
Nativo Resources (NTVO), a gold-focused mining company with interests in Peru, announced the adoption of a Digital Asset Treasury Policy to enhance its approach to capital allocation and balance sheet management. As Nativo prepares to restart gold mining operations at the Tesoro Gold Concession, the Board has reviewed its treasury policy. Going forward, subject to working capital requirements, a portion of any free cash flow from mining and processing activities and a proportion of the proceeds of any future fundraises, may be allocated to Bitcoin, which will be held as a long-term treasury reserve asset.
Comment: What an excellent idea. It really could catch on, especially if this was last month. Has someone been on holiday?
Ondo InsurTech (ONDO), a leading provider of claims prevention technology for home insurers, announced a new partnership with vipHomeLink Holdings, Inc., the U.S. based InsurTech providing a digital home management and prevention platform. Under the agreement, vipHomeLink will provide the LeakBot water damage prevention system to its network of small and mid-sized U.S. insurance carriers.
Comment: It is good to see a return of the newsflow at ONDO as key ingredients for success in this type of company are contract wins on a regular basis.
Genflow Biosciences (GENF), the only publicly listed longevity company in Europe, reported key preclinical activities in two of its lead programs. GENF “This update reflects the growing maturity of our pipeline and our continued commitment to advancing science-backed therapies in healthy aging. The combination of expected non-dilutive funding, strategic partnerships, and supportive regulatory tailwinds puts Genflow in a strong position to accelerate both our programs.”
Comment: The highlight here is that one’s pooch could live longer and healthier, just as we would all like to do. That said, the recent rebound in GENF shares does suggest that the company is going from experimental / test tube phase to something more serious.
Tekcapital (TEK) the UK intellectual property investment group focused on creating valuable products that can improve people’s lives, announced that its portfolio company Guident Corp has announced a new business engagement with Coastal Waste & Recycling Inc., a leading provider of waste and recycling services with locations throughout Florida, Georgia and South Carolina. Under this agreement, Guident will deploy its innovative WatchBotTM solution to Coastal Waste & Recycling operations, delivering cutting-edge technology designed to validate autonomous patrols, conduct AI-driven inspections, and generate real-time safety alerts.
Comment: If nothing else, TEK has the best photos in its RNSs. Today is no exception: very Back To The Future.
Audioboom (BOOM) revealed three TR1’s, including adjustments for the issue of equity, associated with the recent Adelicious acquisition, which is seen as being value enhancing to BOOM due to the low purchase price.
CVS (CVSG), the UK listed veterinary group and a leading provider of veterinary services updated on trading for the financial year ended 30 June 2025. The Group expects to report FY25 Adjusted EBITDA4 for continuing operations of approximately £134m, in line with market consensus5 (unaudited) (FY24: £123.0m). The Group continued to increase its presence in Australia, successfully building on its established platform completing a further seven acquisitions of small animal first opinion practices comprising 15 practice sites in the financial year.
Comment: It is not often that a company cites Australia as a big area for future growth. Presumably all those pet wallabies do not look after themselves.
Centrica (CNA) announced a “RESILIENT FINANCIAL PERFORMANCE” FOR SIX MONTHS ENDED 30 JUNE 2025 . So resilient it was written in capital letters, which makes it much more resilient.
Comment: So resilient it was written in capital letters, which makes it much more resilient. In fact, resilient means an operating loss. This is quite an achievement for a quasi-monopoly and fully paid up member of the UK Rip Off Utilities Cartel.
Argo (ARB) announced today that it received a letter from Nasdaq dated 18 July 2025, indicating that Argo has not regained compliance with the minimum bid price requirement pursuant to the cure period provided by Nasdaq Listing Rule 5810(c)(3)(A) by the prescribed deadline of 15 July 2025, and that, as a result, Nasdaq has determined to delist Argo’s ADSs from the Nasdaq Global Select Market. ARB said If Argo’s securities are suspended from trading on or delisted from Nasdaq, it could become more difficult to buy or sell Argo’s ADSs or to obtain accurate quotations, and the price of Argo’s ADSs could suffer a material decline.”
Comment: This RNS is good timing for every frustrated bear who has been willing the stock price of ARB down after the recent quadrupling of the share price.
Cornish Metals (CUSN), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, updated on the progress of activities at South Crofty. CUSN said “We are now better positioned to build and deliver a world class project at South Crofty. We are fully engaged and focused on advancing and derisking the project towards a restart of tin production.”
Comment: What CUSN has been too shy to say, is that after raising a shed load of money, and with tin now in the critical metal category, it should be off to the races.
Hamak Gold Limited (HAMA) noted the press release issued yesterday by its joint venture partner, ASX-listed First Au Limited (ASX: FAU), announcing the commencement of a 3,000m drilling programme on the Nimba project in Liberia, which is under joint venture with Hamak Gold. HAMA said “The FAU announcement, and the very marked increase in FAU’s share price over recent weeks, means that Hamak is now due to receive double the value in new FAU shares it was initially due. Not only does this further boost the Company’s balance sheet, after our very successful fundraise two weeks ago, but also provides additional cash resources for the Board to deploy on our new Bitcoin as Treasury Management strategy.”
Comment: As well as having Dr Arthur Laffer and his curve, HAMA also has a very canny Chairman, something which has been underlined by the canny JV the company is involved in.
IG Group Holdings (IGG), today announced its results for the 12 months ended 31 May 2025. Total revenue of £1,075.9 million, up 9% on the prior year (FY24: £987.3 million), reflecting supportive market conditions and good initial progress implementing our strategy.
Comment: Given the white knuckle ride of volatility in April / May, and the investors needing to avoid CGT via spreadbetting, one would have thought that our friends at IG would be making out like bandits. Indeed, this would appear to be the case. But remember: Approximately 71% to 87% of retail investor accounts on trading platforms like IG lose money when trading CFDs (Contracts for Difference). This is a common statistic across many CFD providers and is often highlighted in risk warnings.
SigmaRoc (SRC), the Northern European lime and minerals Group, provided the following trading update for the six months to 30 June 2025 reflecting a performance ahead of its expectations. The Group expects to announce its interim results in September 2025. H1 revenues £510m (H1 2024: £450m), up 13% YoY; Underlying EBITDA of £118m (H1 2024: £97m), up 22% YoY.
Comment: Shares of SRC are already up 56% this year, underlining the fundamental strength here, despite the company quibbling about factors such as the weather and logistical issues.
Anemoi (AMOI) announced that the Company has achieved a c15% gain on the partial disposal of its IB1T and BTGD Crypto holdings. The rebalancing transactions, consistent with the Company’s active CTM Strategy, maintains the Company’s initial capital exposure to Crypto whilst realizing a near 15% gain.
Comment: Given the 15% rise in BTC since the Treasury Strategy craze started in May, it is surprising that more companies have not followed AMOI’s cue by boasting on their gains in the digital asset space.
Animalcare Group (ANCR), the international animal health business, provided an unaudited trading update for the six months ended 30 June 2025, ahead of the expected announcement of the Group’s interim results on 30 September 2025. ANCR said “The Group delivered revenues of £43.8m, an increase of 18.5% at AER and 20.8% at CER. This performance consists of steady organic revenue growth of c. 2% at CER coupled with a strong contribution from Randlab, the Australian Equine business acquired on 3 January 2025, in trading conditions which remain varied across our end markets.
Comment: Today we have learned from the RNS Hotlist how much money there is to be made in looking after animals, and that it would appear that there is a shortage of vets in Australia.
AJ Bell (AJB), one of the UK’s largest investment platforms, today issued a trading update in respect of the three months ended 30 June 2025. AJB said “Investment in our brand and propositions has driven excellent growth in customers and net inflows. Customer numbers increased by 27,000 in the quarter to close at 620,000, up 17% in the last year and 5% in the quarter.” It also said “We are encouraged that government continues to explore ISA reform and have committed to a public awareness campaign on investing, presenting an opportunity to help foster a stronger retail investing culture in the UK.”
Comment: With customers joining in their droves, soon people will be saying “Hargreaves Lansdown who?”. A nice touch sucking up to the government on ISA reform, given that if it could it would get rid of them. Oh yes, and what about stamp duty?
Pebble Beach Systems Group (PEB), a leading global software business specialising in playout automation and integrated channel solutions for the broadcast and streaming markets, provided the following trading update for the half-year ended 30 June 2025. The Group generated strong order intake during the Period, with orders of £6.5m (H1 24: £4.9m), underpinned by strong SLA renewal orders, providing good visibility of future years’ revenues.
Comment: It is quite right that this underappreciated company gets love from the market today with an initial 50% share price rise, given the strong forecast of increased revenues predicted in the RNS.
CoTec Holdings Corp. and Mkango Resources (MKA) announced a feedstock supply and pre-processing site share agreement between global electronics recycling company, Intelligent Lifecycle Solutions, LLC (“ILS”), and HyProMag USA, LLC
Comment: It feels as if every RNS is a lap of honour at the moment for MKA, as the stock re-rates ahead of the proposed Nasdaq listing. The market cap is still only £100m, and should be much more given what has been achieved.
United Oil & Gas (UOG), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK, confirmed formal receipt of the Environmental Permit from Jamaica’s National Environment and Planning Agency for UOG’s planned offshore surveys at its 100% owned Walton Morant Licence.
Comment: While the main event at UOG will be a potential farmout of Jamaica, permits in the meantime certainly help the market feel the company is heading in the right direction.
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.
