Traders Cafe with Zak Mir: DEFI, ALBA, GROC, NNN, GDR, CCZ, OMI, FARN, ALS, ECK & DISH via Vox Markets

High growth FinTech and De-Fi group Dispersion (DEFI) started the week backed by a research note from broker Tennyson Securities. Tennyson said that through its two client-facing brands,

By Za Mir

AQRU and DeFi Yield, Dispersion offers both retail and institutional clients optimised yield strategies for investing in digital assets. Dispersion is expected to emulate the success of other crypto platforms like Celsius Network, which has grown its own AUM to over $25 billion in the space of two years. This rationale triggers a buy recommendation off a valuation of at least 6 times NAV, which currently translates into £69 million, or 5.7 pence per share. Dispersion shares closed at 3.05p.

There was a decent read across for Alba Mineral Resources (ALBA) as it noted the announcement by its portfolio company and recent stock market newcomer, GreenRoc Mining (GROC), in which Alba holds a 54% interest. This has confirmed and extended the substantial zones of mineralisation at GreenRoc’s Kalaaq Deposit, located on the Greenlandic mainland and due south of its 100% owned Amitsoq Graphite Project, which is one of the highest-grade graphite projects globally.

It would appear that there is a change of the guard at Nanosynth (NNN), the former Remote Monitored Systems, where the Chairman Anthony Legge has left for pastures new. It will be interesting to see whether nano technology specialist can now put the past behind it, and live up to the potential that it has.

Genedrive (GDR) delivered its final results, underlining the way it has managed to get through one of the greatest opportunities in the diagnostics space in history by reducing its losses to £0.7m from £20m previously. The company said it is at an exciting phase with both the AIHL and CoV-POC products about to enter their commercial stages. Understandably, the balance sheet has been strengthened following the recent equity raise and it is looking to (gene) drive shareholder value going forwards.

Castillo Copper (CCZ), the base metal explorer primarily focused on copper across Australia and Zambia, updated on its copper and lithium assets. Since the start of H2 2021, the company said it has seen significant advances on several fronts in progressing its copper operations in Queensland and Zambia. Concurrently, the Company’s geology team are conducting due diligence on the Litchfield and Picasso Lithium Projects, located in the Northern Territory and Western Australia, respectively.

Orosur Mining (OMI) updated on its Anzá Project in Colombia. Assays have been taken from five additional holes, with most holes drilled for geological and stratigraphic reason. Thick anomalous zones of mineralisation have been intersected, with the operational handover of Anzá now largely completed. Orosur said the decision by its partners to take over operatorship of Anzá was both positive and welcome, and it looks forward to them substantially ramping up activity.

Faron Pharmaceuticals (FARN), a clinical stage biopharmaceutical company announced that the arbitration tribunal appointed by the Arbitration Institute of the Stockholm Chamber of Commerce has ruled in its favor to the tune of €3.8m in its case against Rentschler Biopharma SE.

Altus Strategies (ALS) announced the discovery of further hard rock artisanal gold workings from field reconnaissance at the company’s 100% owned Gabal Al-Shaluhl and Wadi Jundi projects, located in the Eastern Desert of Egypt. The company’s 100% owned subsidiary, Akh Gold Ltd, holds four gold exploration projects totalling 1,565 km(2) in Egypt. The Projects were granted this year as part of a competitive international bid round undertaken by the Egyptian Mineral Resources Authority.

Eckoh (ECK), the global provider of secure payment products said it has won a significant contract with a leading global food and drink company. The company will provide Secure Payments services from its Cloud platforms to the new client’s global contact centre operations. The three-year contract is worth a minimum of $1.5m in total and comes with the expectation that this will be exceeded, and that over time Eckoh has the opportunity to significantly upscale the value of the relationship.

Amala Foods (DISH), a food technology company, said it is working with its independent auditors to provide the detail and third party verifications required in order to complete the audit process. The company expects to publish the Annual Financial Report before the end of the month. Upon publication of the Annual Financial Report the company will make application for the listing to be restored. On the operational side Amala said several restaurants have now undertaken testing of Amala plant-based pepperoni products and have expressed a willingness to incorporate the product into their menus with the first being launched by the end of this month. The company remains active in the process of developing a gluten-free range of products.

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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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