Share Talk Weekly Small Cap Movers & Shakers – 5th February 2022

This is what we have been witnessing at Amur Minerals (AIM: ARCM) over the past few weeks, with the stock nearly doubling in the wake of confirmation that the company which owns the Kun-Manie nickel sulphide asset located in the far east of Russia, noted the recent press speculation that a potentially interested party has valued AMC at an indicative price of up to £100 million.

It is certainly unusual that the potential offer price is written up in lights. Also intriguing is the way that the share price of AMC is at 3.5p, almost exactly half the 7p level that £100m would achieve. Given that it has been confirmed Amur is in play, it may be worth investing in possible scenarios going forward.

Gelion PCL (AIM: GELN), an Anglo-Australian storage company, has signed a supply and test contract with Acciona Energia, a European renewables company. Acciona will be testing Gelion’s Endure Zinc-bromide Battery Technology at its photovoltaic plant in Navarra (northern Spain). Gelion shares rose 32% this week

Oilex Ltd (ASX:AIM: OEX) jumped 17.07% on Friday shareholders are awaiting an RNS concerning the environmental clearances required prior to the re-start of production from the C-73 and C-77H wells. The Ministry Of Environment, Forest & Climate Change, Government Of India released an update that caused a bit of a stir on the markets

It was a positive week for Creo Medical Group PLC (AIM: CREO). The company, which focuses on the new field of surgical endoscopy after it raised revenue guidance, focused its efforts on this emerging field.

After telling investors that 2022 had started ‘positively,’ the company’s market capitalisation jumped by a third to £279mln this week. Craig Gulliford, the chief executive, praised the significant growth in commercial orders’ and the adoption of Speedboat Inject which is used to perform flexible endoscopy.

A trading update from Digitalbox PLC (AIM: DBOX) was compulsive viewing, at least for shareholders in the digital media business that owns The Entertainment Daily, The Daily Mash, and The Tab.

After Digitalbox announced that trading across its three brands was more robust than expected in December 2021 which is the traditional company’s most important period of trading, the shares rose 44% to 15.5p.

Accordingly, the company stated that revenue and underlying earnings would surpass the consensus forecast for 2021.

Mobile streams PLC (AIM: MOS) saw its stock rise 31% to 0.485p after it announced plans for new services in India with Vodafone India.

GCM Resources, (AIM: GCM), PLC, an AIM-quoted mining company and energy company, rose 38% to 6.3p, after it disclosed that it is in discussions to obtain the funding it needs to meet its working capital requirements.

Pires Investments: (AIM: PIRI). PLC is an investment company that focuses on next-generation technology. It updated its investors in Low6, a sports betting platform operator, last week and gained 29%. This reverse takeover will be completed by rival 735 BC.

Nicholas Lee, Director of Pires, commented: ” We are pleased to note the announcement made by Low6 regarding its entry into a Binding Letter Agreement with 735 BC. This development makes significant sense given the company’s continued growth and focus on North America.

Along with this Low6 development and last week’s announcements regarding Pluto Digital and Smarttech247, a number of Pires’ investments now have clear paths to listings in the short term.”

Joules PLC (AIM: JOUL), a clothing and homeware company that issued its second profit warning within seven weeks, was the week’s biggest loser.

After warning that it was not meeting expectations for its profit performance during the festive and new-year period, the company’s shares fell by half. However, revenue was 31% higher than in 2021 and 19% above 2020.

Its disappointing profit before taxes performance in the nine weeks leading up to 30 January was due to global supply chain issues.

Zoltav Resources Inc. (AIM: ZOL). was another heavy loser, falling 30% at 17.5p. ARA Capital Holdings will take over Russia’s oil and gas production and exploration company and remove it from AIM.

The only thing that kept the shares high was ARA’s tender offer to purchase Zoltav shares for 25p a pop now that the tender offer has been closed, shares are expected to plummet ahead of delisting.

Finally, is Britain’s locked-down love affair with wine delivered directly to the (fridge door)? After the company reduced revenue and profit expectations for the year ending June 30, Virgin Wines UK PLC, (AIM: VINO) shares fell by about a quarter.

Jay Wright, chief executive officer, stated that “despite current headwinds, we look forward at the future with optimism.”

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