Share Talk Weekly Small Cap Movers & Shakers – 7th August 2021

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

Mkango Resources Ltd (AIM :MKA; TSX-V :MKA) was “running up that mountain”, climbing 48% after it announced it raised PS5.2mln. It will now acquire the Songwe Hill rare Earths project it does not already own.

Mkango is part-owner of Maginito, a rare earth business that recycles rare earths. The company will also acquire all of Maginito’s business. This acquisition is to help Mkango take control and accelerate its integrated mine, refine, and recycle strategy.

It paid £13million in paper to Talaxis Limited, part of the Noble Group, for the acquisitions. The equity placing was used to fund the forward planning, which will include the completion of feasibility by early 2022.

Sector peer Cora Gold Limited, which was also in high demand due to the recent drilling results at its Sanankoro project in Southern Mali, saw a 30% increase in demand.

According to the company, results so far have been very encouraging with good widths and high grades in generally low-grade oxide ore.

Square, the digital payments giant in digital payments, is set to pay – some might say overpay – US$20bn for Afterpay platform operator. This news ignited a fire under the Share Price of ThinkSmart Limited (LSE:TSL), the UK’s digital payments platform company.

Afterpay’s somewhat complicated relationship with ThinkSmart helped ThinkSmart share prices soar 55% this week

Afterpay and ThinkSmart have reached an agreement regarding the sale of Clearpay Finance’s remaining holdings. This would be triggered by Afterpay’s change in control.

Afterpay’s acquisition is expected to be completed in the first quarter of next year. After that, Afterpay can exercise its call option and purchase any remaining Clearpay shares from ThinkSmart at any time.

Afterpay can also choose to pay the exercise price in cash if Afterpay’s shares are not listed on a recognized stock exchange.

The long and short of it: Afterpay appears to be approving a cash injection to ThinkSmart.

After a trading update, Aeorema Communications (AIM-AEO) PLC saw a 21% increase in live events agency Aeorema Communications. It was at 34.5p.

The company, which has responded to the pandemic through the provision of consulting services and meeting the demand of virtual and hybrid events, reported that its gross margin increased in the first half 2021.

Aeorema stated that the outlook for the new financial year was very positive, and revenues for the second quarter of 2021 are expected to be higher than any other half-year period.

Another company that is on the comeback trail, Seeing Machines Ltd (AIM:SEE) stated it expects its automotive royalties revenues to “increase sharply” over the next two-to three years as vehicle production with its driver monitoring system technology ramps.

CyanConnode Holdings PLC (AIM:CYAN) shares were on a charge after the company announced a contract win with a new Indian customer.

Schneider Electric has appointed the specialist in narrowband radio frequency intelligent mesh networks to deploy smart meters throughout Northern India.

In addition, the company reported full-year results that showed sharply decreased losses. The adjusted loss before interest tax, deduction, amortization, and amortisation (LBITDA), in the year ended March, was PS1.9mln, compared to a loss in March 2020 of PS4.9mln.

Catenae Innovation PLC (AIM:CTEA) announced that it has entered into a collaboration agreement to provide data management services exclusively for ProMake Ltd, a material science and medical innovation specialist.

Catenae agreed to offer its services to ProMake in order to fulfill its position on the Public Health England National Microbiology Framework. This framework is intended to support the UK Health Security Agency, the government’s efforts to provide wide range of diagnostic and medical services for UK citizens.

Catenae shares were up 19%


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