Traders Cafe with Zak Mir: I3E, CYAN, AYM, KIBO, GST, SNG, ALS, UKOG, CCZ, NTOG & TILS via Vox Markets

There were a couple of overnight broker notes and targets to chew on amongst a couple of the more high profile private investor stocks.

By Zak Mir

I3 Energy (I3E), which has managed to transform itself since the pandemic with some bargain basement deal-making was given a risked NAV valuation of 28.5p at Tennyson, to imply more than a 100% upside from the present share price of 12.65p. The shares rose just under 2% off the back of this. At Vast Resources (VAST) house broker, Shore Capital slapped a 36p target, suggesting that the explorer is ready for “the next step.” Vast shares are standing on 5.34p currently.

Hardman & Co were on the case for CyanConnode (CYAN). The research house said CyanConnode’s smart meter intelligent module shipments continued to accelerate. 1H’22 revenue came in at £4.1m, almost three times the comparative 1H’21 figure of £1.5m. “The potentially immense market opportunity is starting to translate into large orders, accelerating shipment volumes, exceptionally strong revenue growth and cash inflows – £3.8m was received from customers during the period, resulting in £1.7m net cash at end-September 2021.” Hardman’s updated DCF-implied fair equity value for CyanConnode is £89.6m. The present market cap is £26m.

Anglesey Mining (AYM), the UK minerals exploration and development company, updated on its key projects following the completion of the fund raising on 8 October 2021. The company said a drill rig has been secured for the first drilling programme at Parys Mountain since 2012 which is set to commence in early November. A nine-hole programme for 2,750m of diamond core drilling has been designed to provide additional information that will feed into the planned Feasibility Study in 2022.

Multi-asset energy development company, Kibo Energy (KIBO) noted that its 55% subsidiary, MAST Energy Developments (MAST) has announced that Close Leasing Ltd, have offered facilities to MED to fund the development and construction of the Company’s two owned Reserve Power projects currently in development, Bordesley and Rochdale.

GSTechnologies (GST), which has fast become something of a punters favourite, continues to beef up its board. The latest is the appointment of Mr. Tan Guan Han, “Shayne Tan”, an existing Executive Director, as the Company’s new Chief Operating Officer with immediate effect at the fintech and information technology solutions company. GST recently appointed Jack Bai as CEO to great share price celebration.

Phase 3 is normally a big deal in the world of biotech/pharma. This is what Synairgen (SNG), the respiratory company has just achieved, on news that the external data safety monitoring board (DSMB) of the ACTIV-2 study has recommended that SNG001 advance into Phase 3 in mild to moderate COVID-19 patients. The company said that the advancement of SNG001 from Phase 2 to Phase 3 of the large ACTIV-2 trial is very welcome news and continues to build the case that its formulation of inhaled IFN-beta may have an important role in combatting COVID-19 and future emerging virus threats.

Altus Strategies (ALS) said that it has received its first quarterly royalty payment of $1.34M before tax ($0.94M after tax), from its effective 0.418% net smelter return royalty interest on the Caserones copper mine in Chile. This payment is in respect of Altus’ royalty on production for the second quarter ending 30 June 2021 and exceeded the company’s expectations by 18%, primarily due to strong copper prices during the period.

CloudCoCo (CLCO), a UK provider of Managed IT services and communications solutions, announced two further acquisitions to support its stated goal of becoming a significant player in the UK Technology sector. The company acquired IDE Group Connect Limited and Nimoveri Limited from IDE Group Holdings PLC for a deferred consideration of £250,000.

UK Oil & Gas’s (UKOG) battle with the pen pushers and NIMBY’s continues. The company said it is disappointed by the decision by the Isle of Wight Council’s Planning Committee to refuse consent for the appraisal and testing of the Arreton oil and gas discovery. The Arreton discovery lies within the 200 km² PEDL331 licence in which UKOG holds a 95% operated interest. The latest decision goes against last week’s recommendation by the council’s planning officers to approve the project.

Castillo Copper (CCZ), a base metal explorer, announced that it is the only third-party to date which has reviewed extensive site visit reports on the Litchfield Lithium Project that were arranged by the Vendor Group’s geology consultant. The reports highlighted four target zones where comprehensive surface sampling was undertaken, primarily along the western boundary which is contiguous to Core Lithium’s Finniss Lithium Project and coincident with government mapped pegmatite occurrences.

Nostra Terra (NTOG), the oil & gas exploration and production company provided an update regarding its recently published Reserves. This consisted of $68.5 million Future Net Income (total proved), assuming $75 flat oil price. A 189% increase from value reported on 29 Sep 2021. $22.5 million NPV10 (total proved), assuming $75 flat oil price. This was a 113% increase from the value reported on 29 Sep 2021.

It would appear that Tiziana’s (TILS) Executive Chairman Gabriele Cerrone cannot help but buy the shares. The latest purchase is another 60,000 at 55p, just above recent lows for the biotech group.

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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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