Share Talk Weekly Small Cap Movers & Shakers – 29th January 2022

The FTSE is down 1.26% after a tumultuous week with Barclays and HSBC the unfortunate culprits. However, UK stocks are looking positive as the gains for energy corporations increase as the worrying tensions in Europe spark supply concerns.

The LSE blue-chip index fell 1.2% yesterday and is set to finish the week on a low. However, it is on its second month of gains. There is hope that these indices change direction in February.

Amur Minerals (AIM: AMC) jumped 83% to 3.67p after it notes the recent share price movement and press speculation that a potentially interested party has valued the Company at an indicative price of up to £100 million.

The Company confirms that it is in discussions with a potential purchaser to sell its wholly owned subsidiary, Irosta Trading Limited, for approximately the indicated price. Irostra Trading Limited owns the Kun-Manie Project.



The Times backed up its call saying that Sviblov’s shopping list has included Highland Gold and Trans Siberian Gold. With a close at 3.88p AMC shares are trading at a market cap of just over £50m, quite a discount to the putative take out price. What might goad investors into a lesser discount, would of course be the arrival of other interested parties to Amur – leading to a bidding war. Given Nickel’s current strategic value in the EV space in particular, such a scenario cannot be ruled out.

Northcoders Group (AIM: CODE) was 15% heavier after it stated that demand for its core boot camp courses is strong and that the group now has more than 100 students enrolled in the program.

Origo Partners, (AIM: OPP) has sold its entire stake in Six Waves Gaming Company, a Hong Kong-based casino company.

After having invested US$240,000 back in 2012, the company sold its interest in the company for US$2.18mln Origo shares rose 36% to 0.17p

The investor presentation by ECO Animal Health Group (LON: EAH) must have been a success, as the shares grew 16.58% this week. ECO began a significant investment in research and development for vaccines four years ago. It has made meaningful progress, it informed investors.

Investor presentations provided insight from the management team as well as details about the potential commercial value of the new product development pipeline.

Alien Metals Limited (AIM UFO) saw a 33% increase after it encountered a bonanza at Elizabeth Hill, Pilbara Region of Western Australia.

The drill program consisted of a total of 1,991 metres in 22 holes across the Project and the results below are from the 4 diamond drill holes completed for 211m from the first stage of the drilling program. The remaining results are expected in the coming weeks.

Katoro Gold PLC (AIM: KAT). announced that its 1,000-metre drilling program has commenced at the Haneti Project. The Company confirms that the mobilisation of the diamond drill rig and operational team has been successfully completed and diamond drilling has now commenced.

Katoro holds a 65% ownership interest in the nickel-copper-cobalt-platinum project with 35% held by Power Metal Resources (AIM: POW). Katoro shares were up by about a fifth, but Power Metal shares dropped by 5%.

IDE Group (AIM: IDEA) has reaffirmed its claim to be a turn-around play with a positive trading statement. The shares traded at 60p five years ago; today they trade at 1.53p, after the 17% increase.

According to the company, it anticipates double-digit revenue growth in 2022. 85% of that will come from existing customers.

Sensyne Health PLC, (AIM: SENS) climbed 18% after it confirmed that the financing was completed earlier in the month.

The company received the £6.35mln initial tranches of an agreed £11.35mln facility. The firm will be able to continue its formal sale process with the funding.

IG Design Group PLC, (LSE: IGR) is a world-renowned designer, innovator, and manufacturer of celebrations, gifts, stationery, stationery, and other creative play products. However, there was little to be celebrated in this week’s profit warning from the company, which slashed five-eighths (62%) of the company’s market value.

According to the company, its US division had significant supply chain costs. These included freight, labour, and raw materials. This, along with lower craft revenues, has caused the adjusted operating margins of the group to fall 4.6 percentage points to 4.4%.

Challenger Energy (LON: CEG) shareholders suffered a terrible week, as their holdings lost three-quarters of their value following the confirmation of the company’s equity fundraise.

The company will use the £5mln to finish its financial restructuring and fund low-risk development programs in Suriname and Trinidad through 2022 and 2023. The shares were originally issued at 0.1p. Current trading prices for Challenger shares are around 0.145p.

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