Traders Cafe with Zak Mir: ODX, BRSD, PIER, KEFI, QBIT, PHE, ROCK, VRS, MXC, ALS & HE1 via Vox Markets

Celebrations are in order at Omega (ODX), the specialist medical diagnostics company as it announces that it has signed a partnership agreement with DAM Health Limited, one of the UK’s largest in-clinic and mobile test providers for COVID-19.

By Zak Mir

Under the agreement, Omega will supply its VISITECT® professional use COVID-19 Antigen tests to DAM Health’s clinics throughout the UK and Europe. Omega has already received an initial purchase order in excess of £750,000 to supply VISITECT® professional use COVID-19 antigen tests to DAM Health. Omega said it has been actively seeking commercial partners for its COVID-19 antigen tests with the support of Lansdown Strategic Capital, who have clearly come up with the goods.

Cybersecurity solutions from brand protection to online threat hunting group Brandshield Systems (BRSD) said that it has secured a new business mandate to support one of the world’s leading international e-commerce platforms. The new contract will see the company provide its anti-phishing and impersonation prevention solutions. Ultimately, BrandShield’s solutions are being deployed to protect the Client and its customers from online fraud. The company is to present to investors at the Carlton Club tomorrow at 5pm.

East Imperial, the global purveyor of ultra-premium beverages, announced the appointment of Mark Zonghetti as its Head of Sales for North America. Zonghetti joins from Armand de Brignac, the luxury brand jointly owned by Shawn Jay-Z Carter and Moët Hennessy Louis Vuitton. He was also a Regional Sales Manager at Freixenet Mionetto. The company said this announcement reflects its ongoing progress in deepening the brand’s global presence, with the US representing a key strategic territory, something which will be clearly transformational once conquered.

The Brighton Pier Group (PIER) which owns and trades Brighton Palace Pier, as well as eight premium bars nationwide, unveiled its final results. The company said the swing to a £4.2m profit from a £10m loss was a testament to the hard work and dedication of the teams across all divisions. The Lightwater acquisition has put the company in the mood to make further acquisitions.

KEFI (KEFI), the gold and copper exploration and development company provided an update in respect of the licence tenure of the Tulu Kapi Gold project in Ethiopia. KEFI said that since the safe return to their families on 24 October 2021 of our four abducted employees, it has provided detailed briefings to the Ethiopian Ministry of Mines as regards the temporary suspension (by Government security forces) of site access for Project launch preparations. Clearly, some jurisdictions are easier to operate in than others.

Quantum Exponential Group (QBIT), a company focused solely on investment opportunities in quantum technology and the wider quantum computing sector, announced that trading in its shares will commence on the AQSE Growth Market (AQSE) at 08:00 today, 1 November 2021. This follows a successful subscription and placing by Oberon Capital for a total of 55,945,000 Ordinary Shares at 5p per ordinary share, raising gross proceeds of c.£2.8 million. With the addition of a pre-IPO fundraise of £2.4 million, the company has raised a total of approximately £5.2 million.

To coincide well with the eco frenzy of COP26, Powerhouse Energy Group (PHE), the UK technology company commercialising hydrogen production from non-recyclable plastic waste, updated on its progress in the UK. The company said its priority remains to ensure the first hydrogen facility using its DMG technology, based at its UK partner Peel NRE’s Protos site, which is set to become fully operational during 2023.

Protos Plastics to Hydrogen No. 1 Limited, the special purpose vehicle, has been making progress on contracting arrangements necessary to reach construction start with support from the company and Peel NRE. Peel NRE submitted a planning application for a complimentary Plastic Park at Protos and also submitted a planning application for a second facility at Rothesay Dock on the north bank of the River Clyde, West Dunbartonshire.

There was a bumper update from Rockfire Resources (ROCK), as it revealed an update on its diamond drilling programme currently underway at the Copperhead porphyry project in North Queensland, Australia. More than 1200 veins containing chalcopyrite (copper) have been recorded in core from the first three holes. Veins bearing copper and molybdenum sulphides have been encountered in all four holes completed to date. Individual copper-bearing veins range in width from 1 mm to 2.5 cm and occur up to 6 veins per metre. The entire lengths of hole BCH001 (501.40 m) and BCH002 (359.0 m) have been submitted to the laboratory for analysis and results are pending. Core logging is well advanced on hole BCH003. The company said that as a result of its increasing knowledge of the deposit, the fifth cored drill hole (BCH005), which is currently in progress will be the deepest hole drilled into the system to date. On-going drilling is targeting the discovery of the main porphyry source as the Company drills deeper into the mountain.

The Department for Transport in partnership with Innovate UK, part of UK Research and Innovation, has announced that project SUPPORTIVE has been awarded £652,000, of which 2-DTech Limited, a subsidiary of Versarien (VRS) will receive £93,000, in funding to develop an innovative Asymmetric Pseudo-Capacitor power pack.

MGC Pharmaceuticals (MXC), a European based bio-pharma company specialising in the production and development of phytomedicines, announced that the Israeli Ministry of Health has approved the Dosing Study for CimetrA™, MGC Pharma’s proprietary treatment for the effects of COVID-19. The Study will incorporate key parameters including determining the most effective dosage of the treatment, a full safety and Pharmacovigilance profile, in addition to an extensive Pharmacokinetic profile to outline the registration and administrative process of approval for sale and use.

Altus Strategies (ALS) announced the commencement of a combined 35,000m Reverse Circulation, Air Core, and auger drilling programme at the Tabakorole gold project located in southern Mali. Tabakorole is subject to a Joint Venture with Marvel Gold Limited. Altus holds a 49% equity interest and 2.5% Net Smelter Return royalty on the Project. Exploration activities at Tabakorole are being funded by Marvel.

Rough ride provider (for some shareholders), Helium One Global (HE1), the primary helium explorer, announced the commencement of the Company’s 2D seismic campaign as part of its Phase 2 exploration programme with mobilisation of survey and line clearing crews to its Rukwa Project (100%) in Tanzania. The commencement of 200 line kilometre 2D seismic campaign is targeting northern extensions of known structural highs that act as a focus for helium charge. The company said this is the “Start of exciting Phase 2 exploration work on Helium One’s de-risked Rukwa Basin.”

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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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