Share Talk Weekly Small Cap Movers & Shakers – 21st August 2021

Here’s a look at the big movers from the small-cap world last week in London

Diamonds last forever, but it can be difficult to find sparkling rocks. However, Bluerock Diamonds PLC (AIM:BRD), made it look easy this week. It announced that it had discovered a 58.6-carat diamond at Karevlei, South Africa’s Karevlei mine. This discovery was just one week after a 21.56-carat diamond was found in the same mine. On Thursday, it announced that it had discovered a 14.3-carat large stone, making it the third-largest high-quality large stone to be found in August.

Helium One Global Ltd (AIM:HE1) rose 27% to 15.6p, as it entered a Robert the Bruce mood.

The rapid spudding of the Tai-2 well has shown that the explorer isn’t abandoning Plan A. It is simply re-creating Plan A. Just over a week after the disappointing results of Tai-1, the company began drilling Tai-2. The firm’s retail investors have bought up strong shares in the months since its December AIM market float.

Tai-2 will be testing the same targets as Tai-1, but it cannot be properly evaluated due to poor hole conditions. It is only 20m from Tai-1. The drill pad is the same, which allows for a fast turnaround and saves money.

After Terravision Exploration was hired by Bradda Head Holdings Ltd to conduct geophysical programs across three Arizona lithium projects, shares in Bradda Head Holdings Ltd (AIM:BHL) increased by a third.

Terravision will capture ground-penetrating radars (GPR) at Bradda’s Burro Creek and Wikieup projects. GPR will aid in future exploration efforts by optimizing drill plans, which will avoid drilling meterage unnecessary and eventually accelerate the overall program.

SDX Energy PLC (AIM:SDX) was down 23% at 11.75p. It was another oiler who was in the casualty section following the drilling news.

SDX informed investors that the HA-1X exploration well at the Hanut prospect was purged on August 4th and reached the target depth, 6,000 feet, on 17 August.

HA-1X’s primary target was the Basal Kashr El Sheikh sand, which is located at approximately 5,200ft. However, the well found that the Basal Kair El Sheikh sand was eroded at this spot. Good quality sands at Qawasim were discovered while drilling to the target depth. However, they were not charged by gas.

Novacyt SA is a clinical diagnostics company and is considered volatile. It was up 35% to 402.05p this week after its half-year update. This is still below the October 2020 high of 1.194p, but it’s four times the pre-pandemic peak.

Novacyt’s first half 2021 revenue increased by more than 50% to PS94.7million, compared with PS63.3million for the first quarter of 2020. PS54 million of this total revenue was generated by a combination of overseas sales and a growing UK market for private testing. This resulted in non-DHSC (Department of Health and Social Care), revenue increasing 20% year-over-year.

Novacyt shares have been a major focus of excitement. The COVID-19 test results were a big reason for much of the excitement. Primerdesign, which is a wholly-owned subsidiary of Novacyt won a contract under the PHE National Microbiology Framework. This new contract will allow Primerdesign to supply PROmate COVID-19 testing to the NHS.


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