Traders Cafe with Zak Mir: RGO, MSMN, CGH, BZT, MXC, CCZ, AAZ, SYME, FUM, IOG, ZPHR & TOM via Vox Markets

Investing group RiverFort Global Opportunities (RGO) announced its unaudited interim results for the six months to 30 June 2021. Profit before taxation of £1.4 million achieved in H1 2021, with a significant increase in net asset value of 32% since 31 December 2020.

NAV per share of 1.57p versus 1.38p currently. RGO is sitting on a £2m war chest for further potential deals and has investments in Pluto Digital Assets -where Riverfort has a significant uplift versus the current 6p NAV, and Smarttech247.

Oil exploration, development, and production company, Mosman (MSMN) announced an update on the Winters-2 well in Polk County, Texas. Further to the announcement made on 21 September, Mosman confirms the equipment to drill the well has started to arrive onsite. Spud is expected in the next few days and the drilling is scheduled to take 7-10 days. A further update will be made upon completion of drilling.

Shares of Chaarat Gold (CGH) have been rising for four consecutive sessions, prior to today’s Director / PMDR shareholding announcement. Today it was revealed that the Company’s Chairman, Martin Andersson, has made further share purchases via Labro Investments Limited to the tune of over 2.5m shares. Andersson / Labro now own 44.28% of the company’s stock.

Copper-gold exploration and development company, Bezant (BZT) announced that modelling of data and drill hole planning from the airborne electromagnetic and magnetic survey completed in May 2021, over a large part of its Hope Copper-Gold licence block (EPL 5796) in Namibia has highlighted four highly prospective drill targets, ready for drill testing planned for November 2021. The company said that it intends to commence drilling in November to test found anomalies and is excited about the potential of the Matchless area in a country, which in its opinion is about to have a copper renaissance.

European based bio-pharma company MGC Pharma (MXC) updated on progress made in the USA in recent weeks, on both research, and commercial activities under the Supply and Distribution Agreement signed with AMC Holdings Inc. AMC has now formally submitted an initial order for 1000 units of CimetrA™ on an expedited basis. The units will be shipped to a Tampa area pharmacy where they will be analysed in order to make comparisons with MGC Pharma’s research lab in Slovenia, and will be held for research and regulatory purposes.

Base metal explorer Castillo Copper (CCZ) said that it has entered into a 90-day option agreement to acquire two granted, highly prospective lithium projects. The Litchfield and Picasso Lithium Projects are located in prime regions in the Northern Territory and Western Australia respectively. Castillo said it has ample funds on hand to develop core projects moving forward. The drilling campaign at the Arya Prospect is about to commence.

AIM-listed gold, copper and silver producer operating in Azerbaijan, Anglo Asian Mining (AAZ) has signed Heads of Terms with the Government of Azerbaijan which awards the company three new concessions with a combined area of 882 square kilometres. The new concessions will be immediately effective following ratification by the Parliament of the Republic of Azerbaijan. The Garadagh porphyry deposit alone contains over 300,000 tonnes of copper with an in-situ value of over $3.0 billion at current prices. Anglo said the acquisition underpins its vision of becoming a mid-tier gold and copper miner.

Punters favourite Supply@Me Capital (SYME), with its photogenic CEO Alesandro Zamboni, said a new £7 million Loan Note Facility has been completed. The company said that that further to the agreement of term sheets, it has now finalised and signed a short-term loan facility with Mercator Capital Management Fund LP.

Transdermal DermaSys(R) drug delivery technology group Futura Medical (FUM) announced its interim results for the six months ended 30 June 2021. The company said it has achieved important milestones in terms of securing partnering for the development and commercialisation of MED3000 in additional major markets for erectile dysfunction, including China, South East Asia, Latin America, the Gulf and Middle East in deals structured to capture significant long-term value, as well as the EU Notified Body’s recommendation to certificate MED3000 for Class 2B approval as a medical device for ED treatment under the European Medical Device Regulations.

UK gas and infrastructure operator IOG (IOG) provided an update on the Blythe well 48/23a-H1, the second Phase 1 development well. It said the Blythe well has been successfully drilled, cleaned up and flow tested to a maximum gas rate of 45.5 mmscf/d through an 80/64(th) inch choke within two months of spud. A Noble Hans Deul jack-up rig is mobilising shortly to Southwark to continue the Phase 1 development drilling programme.

Woke investors will be pleased by the latest from Rocky Mountain oil and gas company Zephyr (ZPHR), as it announced it has successfully commenced 100% carbon neutral operations ahead of its 30 September 2021 target. This leading initiative is designed to ensure that all hydrocarbons produced by the Company from this point forward have a “net-zero” operational carbon impact. UK based oil and gas company, Hurricane Energy (HUR) provided an update on production guidance from the Lancaster field. On 30 April 2021, the company provided annual production guidance for the full year 2021 of 8,500 – 10,500 bopd. It continues to forecast that average production for the year is expected to remain within this range. This annual guidance is based on an FPSO production uptime assumption of 90% and production from the P6 well alone on artificial lift via ESP.

US operating oil development group Tomco (TOM) provided a further update with respect to the Company’s 100% owned subsidiary, Greenfield Energy LLC’s, potential acquisition of up to 100% of the ownership and membership rights and interests in Tar Sands Holdings II LLC. The company said that it has now satisfactorily completed its due diligence exercise on TSHII and the approximately 760 acres of land and certain non-producing assets in Uintah County, Utah, USA, owned by TSHII.

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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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