St Brides Partners Weekly Brief, Saturday 27th November 2021

Our neighbours across the pond in North America celebrated their national holiday of Thanksgiving. It is a day to spend with family and loved ones to reflect upon what you are thankful for this year – but, more importantly, it marks the beginning of Black Friday the day after.

Although we do not celebrate Thanksgiving over here, we most certainly are thankful that we can partake in the sale event of the year without the need to cook a full turkey. Barclays has already reported a 21.4% increase in payments between midnight and 9 am compared to 2020 whilst Nationwide has seen a 24% increase in purchases. This is set to be a record Black Friday period for the UK with PwC estimating £8.7 billion to be spent over the weekend, almost double as last years due to you-know-what. Even though we do not get involved in the festivities, there is plenty to be thankful for this year – particularly, getting our Christmas shopping done early and nabbing up a bargain or two!

The FTSE has fallen to a two-month on Friday, low amid the fears of the new Covid-19 variant and the implications it may have for both businesses and Christmas if we enter another lockdown, with one expert describing it as “the worst one we’ve seen so far”. Thankfully, it hasn’t reached British soil so far, and the quick action of red listing the affected countries may, hopefully, prevent another Christmas lockdown.

Client news:

Caracal Gold plc (LSE:GCAT) announced the arrival of two drill rigs in-country ahead of the commencement of diamond drilling and reverse circulation drilling programmes, due to commence immediately. This positive development follows the renewal of Caracal’s Prospecting Licence, announced last week.

Alba Mineral Resources plc (AIM: ALBA) provided an update on regional exploration at its Dolgellau Gold Field Project in Wales, which saw the company unveil a suite of substantial precious and base metal results.
Following recent constructive discussions with the regulatory authority, Alba is in the process of preparing certain supplementary information to enable a further consideration of the its application to dewater the Llechfraith Shaft.

SEED Innovations Limited (AIM: SEED) announced that it has invested a further €450,000 into Leap Gaming. The Investment is funded from existing cash resources and takes the total amount invested €741,641.
In addition, its portfolio company, Little Green Pharma Ltd, has been granted a product registration for its ‘Billinol LGP’ cannabis flower medicine by the Danish Medicines Agency. Billinol LGP is the first locally produced cannabis medicine in Denmark to receive product registration. It will be cultivated and produced at LGP’s Denmark Facility with LGP expecting to distribute its first products to patients before the end of the calendar year.

Mila Resources Plc (LSE:MILA) has been readmitted to trading  on the London Stock Exchange’s Main Market. Readmission follows the acquisition of an initial 30% interest in the Kathleen Valley gold project and the exploration licence E36/876 in the Kathleen Valley, Western Australia.

Plexus Holdings plc (AIM:POS) announced its preliminary results for the year ending 30 June 2021 showing revenue up to £2,017,000 (2020: £525,000).  The Company continues to build a portfolio of licensing and direct sales revenue streams centred around establishing its leak-proof POS-GRIP® wellhead equipment as the go-to technology for energy markets. It is also making a genuine contribution to the oil and gas industry’s ESG and NetZero goals by championing “through the BOP” (Blow-out Preventer) designs, and lifetime leak-proof wellhead metal-to-metal sealing systems.

Quantum Exponential Group PLC (AQSE:QBIT) announced that Martin Schwedler, Chief Executive Officer, and Stuart Nicol, Chief Investment Officer, will host a live investor presentation on Tuesday, 2 December 2021 at 12:00pm GMT London via the ‘Investor Meet Company’ platform This will include a presentation and Q&A. Investors can sign up to Investor Meet Company for free here:

Trident Royalties Plc (AIM:TRR, FSX:5KV) provided further updates to the market in relation to the proposed acquisition of Apollo Consolidated Ltd by Ramelius Resources. Ramelius has acquired effective control of Apollo with a 65% interest.“Ramelius is a natural operator for Lake Rebecca given its existing gold mining operations in Western Australia, and by having the necessary in-house technical capacity required to successfully transition Lake Rebecca into a gold producer,” said Adam Davidson, Chief Executive Officer of Trident.

PYX Resources Limited’s (LSE:PYX, NSX:PYX) Chairman and CEO Oliver Hasler will provide a live investor presentation via the Investor Meet Company platform on Thursday 9 December 2021 at 9:00am GMT to discuss PYX’s recent dual listing on the London Stock Exchange and provide details on its future plans. Investors can sign up to Investor Meet Company for free via:

Harvest Minerals Limited (AIM:HMI) received certification to sell its organic, direct natural application fertiliser, KPFértil, in Paraguay. “The learnings and development over recent years are now bearing fruit. although its early days, we expect to be adding Paraguayan customers to our portfolio during 2022. We are very excited about commencing developing our sales channels into Paraguay,” according to Brian McMaster, Chairman of Harvest.

Oracle Power Plc (AIM:ORCP) has received continued support from its long-term strategic investor His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, who has increased his shareholding in the company to a total of 19.25%. This is a demonstration of His Highness’ confidence in Oracle’s current strategy and direction as it moves forward with its new green hydrogen initiative in Pakistan, whilst continuing to develop its existing assets in Pakistan and Western Australia.

You may have missed…
Caracal Commercial Director, Jason Brewer interviews with Zak Mir of Vox Markets on the commencement of a 3,000m diamond drilling and 10,000m regional reverse circulation drilling campaign
Cora’s CEO Robert Monro interviews with Donald Leggatt on the latest mineral resource estimate update at Sanankoro
Chairman of PYX Resources, Oliver B. Hasler, is participating in an IPO webinar hosted by Five Minute Pitch on Thursday 2 December between 9:30 am-11 am (GMT). Sign up by clicking here

In the news this week…
England clinch dramatic 27-26 win over South Africa at Twickenham
This NASA spacecraft will smash into an asteroid—to practice saving Earth
Roman mosaic of Homer’s ‘Iliad’ unearthed on English farm
Job seeking graduate pitched himself at Canary Wharf tube station after searching for a role since 2020, and received a job interview in 3 hours and a job offer by the end of the week.

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