Traders Cafe with Zak Mir: AAA, MSYS, KAV, I3E, NQM, WSBN, PHE, VLRM, ITM & TOM

Investment company All Active Asset Capital (AAA) provided a couple of lessons for stock market watchers. The first was that the bears were correct in suggesting AAA is not worth 53p a share. In fact, today’s placing of 18.75 million new ordinary shares at 80p, conditionally raising £135 million would suggest that the value is at least some 50% higher.

By Zak Mir

The cash will be used to acquire 75% of intelligence-driven data science and behaviour change company, Sentiance, which should down the line have a unicorn’s upside. The other point to note is the intention of AAA to move away from its currently listing. This apparently shows how the AIM market’s method of promoting itself as a place for small, growth companies, is by driving away the largest and the best away.

Mass spectrometry specialist, Microsaic (MSYS) in collaboration with the Centre for Process Innovation, unveiled the development and demonstration of the first, real-time monitoring Process Analytical Technology MS solution for the on-line production of biotherapeutic drugs such as vaccines and anti-cancer treatments. Microsaic said that this real-time alert system allows rapid scaling to large volumes, reduces supervision costs, and accelerates vaccines and anti-cancer treatments through emergency and standard regulatory authorisation and direct to patients.

Botswana focused mineral exploration group Kavango Resources (KAV) announced an update on the Company’s Ditau Project where it is searching for Rare Earth Elements. Ditau is held in a 50/50 Joint Venture with Power Metal Resources (POW), with Kavango as the operator. The highlights here are geophysical and geochemical surveys completed on 12 targets areas, with 7 specific drill targets identified and each target including a possible carbonatite intrusive body lying within range of reverse circulation (“RC”) drilling. Kavango said that all targets are within a 300m depth and 3 of the 7 targets are classified as “high priority.” Medical diagnostics company Omega Diagnostics (ODX) said that following completion of the of US performance studies, its technology partner, Mologic has filed its submission to the FDA requesting Emergency Use Authorization for its rapid point-of-care COVID-19 antigen test, for use under both the Omega’s VISITECT® brand and Global Access Diagnostics (GAD) brand.

Sprawling oil and gas group i3 Energy (I3E) offered an operational update. Production in the second quarter averaged 9,142 boepd, with the figure since the start-up of the Noel well on June 17 averaging 9,353 boepd. At Clearwater the Marten Hills 01-12-075-26W4 well was spud on 15 June 2021, targeting the 25m thick Clearwater C sandstone, and finished drilling on 30 June 2021 to a maximum true vertical depth of 630m. All laterals drilled have encountered a clean upper shoreface sandstone, with porosities ranging from 24% to 27%, and oil has been evidenced throughout by oil shows on cuttings. The rig has been moved to, and now spud, the second well in this Marten Hills Clearwater drilling programme at 02-12-075-26W4, with drilling expected to finish mid-July. Production from both wells is anticipated to commence in late July.

Followers of the small-cap market in London may note a familiar name stepping up to the plate at Australia focused metals group NQ Minerals (NQM). Here Richard Poulden has been appointed to the Board as a Non-Executive Director. Poulden was Chairman and CEO of AIM quoted Sirius Minerals Plc, is currently Chairman of Wishbone Gold (WSBN), which was one of the top performing mining shares on AIM last year. One of the best performing stocks on Aquis this year is Valereum Blockchain (VLRM), where he is also Chairman.

Powerhouse Energy (PHE), which is seeking to commercialise hydrogen production from non-recyclable waste plastic, said its partner, Peel NRE, has signed a Letter of Intent to supply hydrogen from its planned roll out of plastic to hydrogen facilities to Element 2’s proposed network of hydrogen refuelling stations. Peel NRE is Powerhouse’s exclusive development partner for the technology in the UK. It will be interesting to see whether this latest news from Powerhouse gives it the same kind of market cap sizzle that ITM Power (ITM) currently has.

Zaim Credit Systems (ZAIM) unveiled the launch of its branded mobile application designed to improve customer experience, increase the loyalty of its client base by increasing repeat customers and providing greater access for repayments to existing customers. Customers can calculate the loan amount, apply for a loan online, receive a loan and obtain information on the status of the existing loan.

TomCo Energy (TOM), the US operating oil development group said that Greenfield Energy, the Company’s 50/50 joint venture with Valkor, has now successfully completed all of its planned trial work utilising Petroteq Energy Inc’s existing oil sands plant at Asphalt Ridge, Utah. TomCo said Greenfield’s focus now shifts to completing the due diligence exercise on the Tar Sands II site and progressing the required funding package in order to pursue construction of the first 10,000 bopd facility.

Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.


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