Traders Cafe with Zak Mir: OSI, ZPHR, JSE, GFIN, CORA & ZNWD via Vox Markets

Osirium Technologies (OSI) was perhaps in the mood to tell us what most of us are already too aware of. The cloud-based cybersecurity software group released findings from its research report suggesting many UK businesses are not sufficiently protecting their critical IT recovery systems should a cyber-attack occur. The Osirium Ransomware Index surveyed 1,001 IT managers in the UK and found that 80% of businesses rely on backups as a plan of recovery should a cyber-attack occur.

By Zak Mir

Rocky Mountains oil and gas company Zephyr Energy (ZPHR) updated on its non-operated working interests in the Williston Basin, North Dakota, U.S., to announce the acquisition of two additional non-operated near-term production portfolios in the Williston Basin, and to announce a joint-venture with Purified Resource Partners LLC related to ongoing non-operated business development efforts. Zephyr said that although the completion of the State 16-2 LN-CC well on its Paradox project remains its top priority, it is pleased to report continued progress and significant growth on the non-operated side of its business.

Independent oil and gas production company focused on the Asia Pacific region, Jadestone Energy (JSE) provided an update on the planned completion of the acquisition of the 69% operated interest in the Maari asset, shallow water offshore New Zealand. The company said that following discussions with the seller OMV New Zealand, both Jadestone and OMV NZ have agreed to extend the long stop date under the Maari sale and purchase agreement to 31 December 2021.

Esports and gaming solutions provider, Gfinity (GFIN) announced the acquisition of the trade and assets of SiegeGG Corporation, which operates siege.gg, a leading website for statistics, analysis and news around the Rainbow Six Siege video game. SiegeGG will become part of the Gfinity Digital Media group. Rainbow Six Siege is the highly popular first-person-shooter game developed and published by Ubisoft. It has more than 70 million registered users and an established competitive gaming scene.

West African focused gold company, Cora Gold (CORA) said that it has signed a new $25m Mandate and Term Sheet with investment firm, Lionhead Capital Advisors Proprietary Limited, to fund the future development of Cora’s flagship Sanankoro Gold Project in Southern Mali. This is conditional on, among other matters, the completion of a Definitive Feasibility Study on the Project before the end of June 2022. This new Term Sheet replaces the previous one with Lionhead, which was announced on 18 June 2020 and was for $21m.

German focused lithium development company, Zinnwald Lithium (ZNWD) announced its Interim Results for the six-months ended 30 June 2021. The company said its focus over the next 12 to 18 months will involve undertaking test work to ascertain the commercial viability of producing a wider range of lithium compounds as well as value engineering and optimisation of the flow sheet and associated infrastructure leading into an updated feasibility study. Discussions with both off-take and financing partners will also take place as it looks to advance the Project.

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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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