Trader’s Cafe with Zak Mir: CGH, HEV, GBP, AMC & ZOE via Vox Markets

Shares of Chaarat Gold (CGH) were up 3% on strong volume in the wake of news that the CEO Artem Volynets is to leave. His place will be taken by Executive Chairman Martin Andersson.

By Zak Mir

His Labro Investments vehicle currently owns around 42% of the Armenia / Kyrgyzstan focused mining company. Chaarat said that it is waiving the requirement for a mandatory offer for the company, allowing Labro Investments to buy up to 10 million additional shares. Clearly, the logic would be that having the option of buying additional shares suggests that it could be taken up. Traders were suggesting that a new CEO at Chaarat will be looking to enhance the operation side of the business to push on with construction at Tulkubash and study phases at Kyzyltash.

Although the Aquis market has, according to some, a certain degree of liquidity issues, it does appear to be the case that the right company can still make an impact. For instance, shares of Helium Ventures (HEV) have nearly tripled since their opening price of 11p nearly a month ago. The rather simple raison d’etre of the company is to look for opportunities in the Helium space, a market which was estimated to be worth $10.6bn in 2019, and presumably even more now. Given the rapid advances in technology which require Helium, and obvious supply deficits, it appears likely that Helium Ventures will follow in the footsteps of stock market darling Helium One (HE1), which has a significant Helium asset in Tanzania.

Shares of Global Petroleum (GBP) closed up 15% at 0.6p, their highest level since April. The stock has been in recovery mode since a £1m fund raise at the end of that month, and it will be interesting to see whether the stock can stretch up to 0.9p so that the company can add another £1m to its kitty. At the start of the year Global Petroleum announced its updated Prospective Resources on its Namibian licence PEL0094. The inclusion of new leaded resulted in a threefold increase to 2,284 million barrels of Best Estimate (P50) Prospective Resources of oil net to the company.

Shares of Russia focused nickel-copper sulphide mineral exploration and resource development company Amur Minerals (AMC) finally had a day in the sun, rising 12%. The stock has tracked sideways for much of the year to date. The last significant news from Amur was at the end of June when the company updated its JORC resource estimate on the Kun-Manie nickel copper sulphide deposit. At the time Amur said that not only had the resource been expanded but the resource categories suited for the definition of JORC mining reserves were increased by as much as 25%. For instance, Copper will serve to provide additional revenues which had been completely excluded in our February 2019 operational base case.

CBD specialist Zoetic (ZOE) saw its shares rise 12%. This came in the wake of the company’s business update last week, which highlighted expansion in the US, the value of its Chill brand and international product launches. Earlier this week Zoetic said that its all important audited financial results for the year ended 31 March 2021 will be released before the end of August 2021. Given that we are in the run up to this event, it may be that the shares are squeezed higher as bears who have taken the stock from 100p plus to below 50p may decide to cover their positions.

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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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