Trader’s Cafe with Zak Mir: TGR, TILS, COPL, SCE, STX, IMC, PNPL, RMS & TERN via Vox Markets

Since coming to market in December, specialist graphite producer and graphene and advanced materials developer Tirupati Graphite (TGR) has hit the mark with its newsflow on a consistent basis.

By Zak Mir 

The company continued in this vein with its latest announcement, the acquisition of of Suni Resources. Suni Resources holds the Mozambique portfolio of graphite assets of ASX listed Battery Minerals Limited. The deal includes the construction initiated Montepuez Graphite Project and the advanced feasibility study stage Balama Central Graphite Project, for a total consideration of AU$12.5 million (circa £6.6 million) in a cash and shares deal.

There was also a decent fundamental advance for biotechnology company Tiziana Life Sciences (TILS). It revealed the publication of a scientific article in the peer-reviewed journal Frontiers in Immunology titled “Nasal Administration of Anti-CD3 Monoclonal Antibody (Foralumab) Reduces Lung Inflammation and Blood Inflammatory Biomarkers in Mild to Moderate COVID-19 Patients: A Pilot Study”. The study was completed in collaboration with scientific teams at the Harvard Medical School and INTRIALS, a CRO based in São Paulo, Brazil.

For those hiding under a rock, international oil and gas exploration company Canadian Overseas Petroleum (COPL) confirmed its readmission to trading on the main board of the LSE, as well as an operations update. It said that its Atomic Oil and Gas assets are performing significantly ahead of expectation, with current oil production increased 80% from 1,220bbl/d. It added that oil production is expected to continue to increase due to strong gas injection response and the company is reviewing other value enhancing asset acquisitions in Wyoming. Perhaps the only aspect left now is to see who guessed the correct return share price for COPL correctly?

Carbon fibre reinforced ceramic brake discs manufacturer Surface Transforms (SCE) said it has been formally notified of its selection as a tier one supplier of a carbon ceramic brake disc to a major mainstream US automotive company. Surface Transforms said the customer is one of the most respected names in the industry and provides a further key reference point for other OEMs. The contract win was one of those anticipated in the recent fund raise, and remains within its previously stated capacity requirements.

Commercial stage pharmaceutical company Shield Therapeutics (STX) announced its unaudited interim results for the six months ended 30 June 2021. Operational highlights included the Accrufer® launch in the US in July 2021, a 51% growth in Feraccru® sales volumes in Europe compared with H2 2020, as well as progress in Korea and China for its products. On the financial front the company achieved revenues of £0.5 million (H1 2020: £8.9 million), and has a cash balance at 30 June 2021 £22.6 million (31 December 2020: £2.9 million).

IMC Exploration Group plc (IMC), a gold exploration company based in Ireland, announced the start of a 1,000m drilling programme at its West Avoca property on PL 3850, Co. Wicklow, Ireland. The company said the Avoca Mine is estimated to have contained 16 million tonnes of 0.6% copper which was exported as a concentrate that contained ‘payable grades of gold and silver’. In addition, in situ zinc and lead mineralization is present at West Avoca over a minimum strike length of c. 300m. It added that the proposed acquisition of the Karaberd Mine in Lori Mar, Armenia is at the due diligence stage.

It would appear that Mystic Meg has been at work regarding the recent share price rise at Pineapple Power (PNPL). The company confirmed that as of 16 August 2021 it entered into a non-binding heads of terms with the shareholders of BVP Investments, based in Dublin, the Republic of Ireland, to acquire 100% of the outstanding shares in BVP in an all-share transaction. As no binding agreement has yet been reached, Pineapple said it cannot guarantee that the proposed acquisition will complete. Medical cannabis specialist Kanabo (KNB) said it notes the recent announcement by Materia that Materia’s wholly-owned subsidiary Materia Deutschland has entered into an agreement with German medical cannabis manufacturer Eurox Pharma GmbH to distribute German-produced medical cannabis extracts. Materia said the deal is a strategic step forward in its preparation for the market’s increasing adoption of medical cannabis in the form of extracts.

Nanotechnology group Remote Monitored Systems (RMS) was in speech-making mode, as it unveiled the Chairman’s Statement. Anthony Legge was in “fight them on the beaches” mode as he noted that initially, investors were excited with Pham 2 Farm’s ability to embed copper nanoparticles in such a way as to make anti-viral masks. He said that during the COVID-19 pandemic, this was seen as a potential game changer. “However, one cannot build a business around the short term demands of a single event, albeit one that has impacted the globe for over 18 months. Nor does such a narrow focus accurately reflect the underlying value of the intellectual property within the business.”

Shorting conspiracy battered tech company Tern (TERN) continued to defy the naysayers with its latest investment in FundamentalVR to the tune of £530,000 and a portfolio update. Perhaps not surprisingly the Internet of Things group continues to paint a bright picture. CEO Al Sisto said that the positive business momentum previously reported has continued and all of its portfolio companies have performed well in the year to date. He added that in many instances the wide-ranging effects of the Covid-19 pandemic have accelerated the adoption of its tech solutions and believes all of Tern’s portfolio companies are well positioned for the future.

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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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