Market Weekly Digest – 26th August 2017

The week in shares aims to give some reminders and pointers as to news items Share Talk covered this past week. As always, we remain completely impartial and never tip or advise buy/sell decisions on stocks.

As this is the first time I’ve written this weekly blog for Share Talk I’ll try and keep it simple and just cover the stocks that both I and my colleagues found to be of interest this week (for varying reasons as follows!…). DYOR as always.

Before I get into that we just wanted to extend our thanks to all the new contacts and readers/listeners/viewers we have gained in the last few months. Share Talk is in an upward trajectory phase and we are very excited to shortly be able to reveal a number of new partners bringing you exclusive content to assist your investment journey. More news to come in future blogs!

Metal Tiger Plc (AIM:MTR)

Tongues are wagging yet again as the tiger prepares to roar. The Botswana JV with ASX-listed MOD Resources Ltd continues to progress and this week we saw an RNS update showing a significant upgrade to the recent JORC Mineral Resource Estimate of +30% (or 400,000 tonnes extra to the previous estimate with 16% increase in the amount of Copper estimated to be in play). And this is just from T3… those that know the project will have eyes on further targets yet to be drilled as the project nears it’s estimated production target in 2018. Botwana news was swiftly followed by an RNS about the KEMCO (Thai) JV. The Economic Contribution Assessment produced by 5 Corners Consulting estimates quantified direct benefits to the Thai national economy of $287.4 million. Not quite the figure some armchair commentators were previously attributing on social media.

Juridica Investments Ltd (AIM:JIL)

There is no denying that Tuesday’s RNS of  the day award had to go to Juridica Investments Ltd. Why? Well… they only went and announced an 8p dividend payable to shareholders on the share register as of 1 September 2017 when on Monday’s close the share price was a mere 8.5p. Needless to say it ended the day around 16p on Tuesday and has remained steady since. The board announced that the divi will be paid on the 29th September and they still have a further 11 investments outstanding. One of the key reasons for the divi announcement was a return of US$10M as partial release of tax reserves held by Fields Law Firm PLLC, and that isn’t quite the end of that particular story. Read more here.

Mkango Resources Ltd (TSX,AIM:MKA)

Rare Earths explorer Mkango Resources have featured on Share Talk a number of times in the last year and this week they released a short piece of news via RNS to let us all know they’ve renewed the Thambani Licence. We spoke with President, Alex Lemon a short while back specifically about Thambani and the recent Uranium, Tantalum and Niobium finds in this podcast. I also came across a very detailed piece of research recently by @AIM_Chaos on twitter which isn’t wholly specific to Mkango but does have some very relevant pointers in there if you want to have a read.

Mercantile Ports & Logistics Ltd (AIM:MPL)

Whenever I see an RNS with ‘contract win’ in the title it’s a must read for me. In this particular case, existing shareholders would have seen anything up to an 89% rise at one point on Friday due to MPL being contracted to handle 2 million tonnes of goods at £4.7M per million tonnes with a guaranteed minimum of 750,000 tonnes over a period of 5 years. The share price settled at 8.125p having been at 4.88p on Thursday. Read more about this transformational news here. The company looked to have secured their medium term future. The question is, what news will come next to increase value for shareholders? Your thoughts are always welcome.

356 Agile Plc (AIM:365)

Now this isn’t a company I know too well other than they were for all purposes, a cash shell operating in the tech space on AIM. The thing with cash shells on AIM is, when you convert to a cash shell operation, the simple AIM rules are thus… raise £6M within 6 months and readmit as an investment co or make the acquisitions necessary to complete an RTO of another company or delist. Many have tried and failed and a lot of investors get burned investing in cash shells. I hope that any investors in 365 Agile Plc got out while they could and will one day see a return on their investments. That is of course just my opinion. I should state, the company is still funded, and still looking to make investments, so all is certainly not lost. Mr Carver’s other notable AIM vehicle, Ascent Resources Plc (AIM:AST) should do a lot better and I expect we will be covering news for their Slovenian Gas operation shortly.

LightwaveRF Plc (AIM:LWRF)

Andrew Pearson, CEO of SmartHome/IoT device manufacturer LightwaveRF Plc comes across as one of the more approachable CEOs on AIM. A relaxed northerner just like myself! I briefly bumped into Andrew in our partner’s (Core London) studios on Tuesday and it was a pleasure for Share Talk to get Andrew on our recently launched TV channel, the aptly named Share Talk TV. LWRF’s recent RNS about becoming Apple certified and actually getting their product into Apple stores here in the UK and UAE made our team approach the company for this video interview. Most of the questions came from shareholders and we hope you agree that Andrew delivered a thorough assessment of where this company is at.

The Biz Lounge

Mr Mark Johnson is away on his hols at the moment and will return in September but for now… please take a look at his 3 most recent stock ideas.

Thought of the week…

It’s been a quiet summer for news but we’ll soon be in results season in September so expect the RNS’s to come thick and fast. Events also begin to materialise in the Autumn and we’ll be continuing our media partnership with Mines & Technology, bringing you interviews from some of the world’s largest mining companies. We’re working hard in the background on some major changes to Share-Talk.com and we hope to see you soon! If you have any thoughts on this blog or simply want to write to us to say how we can improve the site or maybe even suggest a company for us to interview – we would love to hear from you! Contact us at enquiries@share-talk.com


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