Home » Posts tagged 'exr'
Tag Archives: exr
Quoted Micro 12 January 2025
AQUIS STOCK EXCHANGE
AI company Astrid Intelligence (ASTR) is transitioning into execution and infrastructure-led growth. Astrid Intelligence owns and operates Subnet 127 within the Bittensor network, whose brand has been changed from SigmaArena to Astrid Arena. Bilateral arrangements have been secured with subnet operators. Astrid Vault, a protocol-native infrastructure platform intended to facilitate orderly liquidity coordination within the Bittensor ecosystem, is being developed. Astrid Intelligence has cash to finance that growth.
Gowin New Energy (GWIN) director Chen Chih-Lung has made a £30,000 loan to the company for 12 months at an interest rate of 2%. This is for short-term liquidity.
UTXO Management has reduced its stake in The Smarter Web Company (SWC) from 12.99% to 11.1%. Martin Thomas has been appointed as a non-executive director.
EDX Medical (EDX) founder and chief scientific officer Sir Christopher Evans bought 45,500 shares at 10.75p each and 41,780 shares at 13p each. He owns 35.2% of the diagnostics company. Chairman Jason Holt bought 235,000 shares at 11.4p each, 150,000 shares at 11.23p each and 50,000 shares at 12p each.
NYCE International (NYCE) has entered a joint venture with Spandan Manhata, which has developed software for the igaming industry. The joint venture will acquire these assets called Innovassion and NYCE will be majority shareholder and oversee commercial strategy. The first client has been secured.
Daniel Thwaites (THW) has bought back 300,000 shares at 110p each.
Shareholders in Phoenix Digital Assets (PNIX) have approved redomicile to Gibraltar.
Spreadex has a 3.08% stake in Vaultz Capital (V3TC).
Delta Gold Technologies (DSQ) is planning to get its shares traded on the OTCQB Venture Market. Jonathan Swann has a 21.3% shareholding.
B HODL (HODL) has generated revenues of 0.084 Bitcoin (£5,471) during December, which is higher than the previous month. The total holding is 158.295 Bitcoin. The share price dipped
AI software company IntelliAM (INT) has won a £115,000 contract with a frozen food company. The deal covers four manufacturing facilities.
Connecting Excellence (XCE) has purchased 16.58306046 Bitcoin at an average price of $86.980.16 each. That takes the total holding of Bitcoin to 41.35974228 at a total cost of £2.75m. The company has launched its 2026 Bitcoin-denominated convertible bond programme.
Ajax Resources (AJAX) has mobilised a drilling rig for the Eureka gold and copper project in Argentina. The initial drilling programme is near to the former Mina Eureka copper and gold mine with ten holes totalling 1,500 metres.
Zentra (ZNT) has changed its nominated adviser to Guild Financial with Hybridan continuing as broker.
ASSET MATCH
Regenerative medical devices developer Tissue Regenix (LON: TRX) has left AIM and the shares joined the Asset Match trading platform on 7 January.
AIM
Galantas Gold (GAL) is acquiring 100% of the Andacollo Oro gold project in Chile. This is an open pit mine with a historical inferred mineral resource estimate of 5.06M ounce of gold. It has been in production in the past. The seller is owned by Galantas Gold executive Robert Sedgemore, so it is a related party deal. His company bought the mine from Dragones, whose former owner will receive payments of $27.5m in the four years to the end of 2029, as well as initially being issued 91.3 million Galantas Gold shares. Galantas Gold will assume $3m of debt and pay $1.5m to Robert Sedgemore.
Cerillion (CER) has won its largest ever contract for its BSS/OSS software suite and provide ongoing support and maintenance. The Oman Telecommunications contract is worth c.£42.5m over five years will underpin the current forecasts for this year and in the future.
Semiconductor designer EnSilica (ENSI) increased interim revenues 37% to £12.7m and moved from loss to profit. Cash was £2m. A full year pre-tax profit of £600,000 is forecast.
Reabold Resources (RBD) says that the Italian authorities have published the formal decree and positive decision on the small scale LNG development plan by 47.4% owned investee company LNEnergy Ltd for the project in Colle Santo.
Pulsar Helium (PLSR) says that the Jetstream #5 appraisal well at the Topaz project in Minnesota has encountered an additional pressurized gas influx at approximately 2,857 feet in depth. This new gas zone is estimated at around 1,292 psi, the highest recorded to date at Topaz. The drilling of the hole continues before moving to the next well. The share price improved 7.98% to 57.5p.
Fiinu (BANK) has changed management at Everfex and improved controls. The acquisition enabled the group to be profitable in November. At the end of the year there was cash of £5.34m and the cash burn is less than £200,000 each month. The company has served formal non-compete breach notices against Karol Oleksa and Marta Oleksa, in respect of the non-compete obligations relating to the Everfex acquisition.
Biopesticides developer Eden Research (EDEN) has achieved a second regulatory authorisation this week with fungicide Novellus+ gaining approval in Chile. This is used in wine and table grapes to control grey mould (Botrytis cinerea) and powdery mildew (Uncinula necator). Earlier in the week Mevalone was granted approval in France to use on grapes to control downy and powdery mildew.
Extended reality technology company Engage XR (EXR) is still suffering from a tough market with contact delays and poor renewals. In 2025, revenues were €1.9m and net cash has fallen to €1.6m. Cash is being conserved and there are potential opportunities in education. Forecasts are under review.
Rent guarantee services provider RentGuarantor Holdings (RGG) increased full year revenues from £1.27m to £2.39m, which is 9% higher than expected. However, the loss is expected to be much more than the forecast of £446,000. Marketing spending was brought forward to 2025.
Graphene technology developer Directa Plus (DCTA) says 2025 revenues improved from €6.66m to €7m and the loss will be lower. Cash has fallen to €1.5m, which is much less than the outflow in 2025. A non-core land sale could generate €500,000. Joint ventures and licensing opportunities are being assessed.
Telematics services provider Quartix (QTX) says 2025 revenues and profit will be ahead of expectations. Cash was £5.6m at the end of the year. Annualised recurring revenues are 14% ahead at £37m and net revenue retention is 98.1%. A final dividend of 7.5p/share is anticipated, taking the total to 10p/share.
ValiRx (VAL) has entered a nine-month, evaluation and material transfer agreement with The Royal Institute for the Advancement of Learning/McGill University and The Institute for Research in Immunology, and Cancer-Commercialization of Research in Canada. This will evaluate a RNA Helicase inhibitor. ValiRx will own the evaluation results, and they can be swapped for a 15% stake in the company set up to commercialise the technology.
Shareholders in Indus Gas (INDI) voted in favour of leaving AIM and that will happen on 23 January. JP Jenkins will provide a matched bargains facility.
Touchstone Exploration (TXP) has drilled the Carapal Ridge-3 development well on the Central block onshore in the Republic of Trinidad and Tobago. Touchstone holds a 65% working interest. The well encountered a thick pay zone across multiple Herrera horizons and it could be tied-in to the Central block natural gas processing facility in the first quarter. There is potential for three more development wells and potential for another gas play in the Karamat formation.
Goldstone Resources (GRL) operates the Homase gold mine in Ghana which produced 2,912 ounces of gold in 2025 and generated revenues of $10m. Heavy rainfall and inspections held back production. Avrage all-in sustaining cost was $2,781/ounce up until November and it is expected to be $2,500-$2,900/ounce in 2026. Production could reach 4,000 ounces this year.
Geo Exploration (GEO) is still falling following yesterday’s news that although maiden drill holes at the Juno project in Australia intersected gold and copper sulphide mineralisation, together with silver and zinc, it appears that the higher grade mineralisation could be to the south.
In an update on the Barb Project in Manitoba, Canada, Gunsynd (GUN) says field work is consistent with a structurally controlled orogenic gold system. However, none of the latest rock sample results produced grades of more than 1g/t gold. Funding of C$105,000 has been secured from the Manitoba Mineral Development Fund to help fund further exploration. Targeted exploration will enhance understanding of the project.
Versarien (VRS) has been placed in administration with Leonard Curtis.
MAIN MARKET
Kelso Group (KLSO) has bought 400,000 shares in Saga (SAGA) at 386.5p each. Saga has been reducing borrowings via disposals, and it has strong asset backing. Kelso believes Saga is undervalued particularly compared with US listed rival Viking Holdings. Kelso has made proposals to the Saga board, including attracting US investors and continuing to reduce debt.
New Frontier Minerals (NFM) says that the mining lease application over the Big One copper deposit in Queensland has reached technical assessment phase. The JORC-compliant Mineral Resource of 2.1Mt @ 1.1% copper, and an additional 7,000t @ 1.3% copper of surface Indicated stockpiles.
Supply @ME Capital (SYME) plans to acquire the inventory ownership business and related assets of Société Financière Européenne S.A. by the end of March. This is part of the strategy to move the business model towards direct inventory ownership and capital deployment.
Lakestreet Capital Partners has requisitioned a general meeting at Palace Capital (PCA), where it owns 22.5%. It wants remove chairman Steven Owen because it believes he is being paid too much. The investor would appoint other directors which would not be paid and believes that the sale of remaining properties could be completed more quickly.
Bluebird Mining Ventures (BMV) says that there is increased interest in its gold streaming and treasury strategy. It confirmed a technology partnership with The BE Company, which is related to the company’s chief executive Sath Ganesarajah, and BE will act as the company’s technology and hosting partner. The arrangement with Skylake, which is owned by the chief executive, and it will subscribe for 650 million shares for £3.25m. An initial will be paid upfront with the rest dependent on setting up an incentive scheme where services can be supplied in lieu of cash.
Andrew Hore
Quoted Micro 12 August 2024
AQUIS STOCK EXCHANGE
Quantum Exponential Group (QBIT) says potential investors have proposed a minimum investment of £1m at 1p/share. The investors have also agreed to pay the investment company £100,000 to cover costs since incurred since the proposed cancelation was announced. This will be repayable out of the proceeds of the investment when it is completed.
Marula Mining (MARU) is acquiring 80% of Kenyan mineral processing company Agarwal Metals and Ores, which owns the Kilifi manganese processing plant.
Flex Labs Inc (FLEX) is proposing to cancel its Aquis quotation and is holding a general meeting on 30 August. The plan is to seek a listing in Canada. The AI company joined Aquis last December at 6p/share. The share price halved to 0.75p last week.
Ormonde Mining (ORM) investee company TRU Precious Metals has appointed Ormonde Mining technical adviser Steve Nicol as chief executive. The 36.2%-owned TRU Precious Metals is exploring for gold and copper in Canada. Another investee company, Peak Nickel, has commenced a drill programme in Aberdeenshire. There will be a minimum of 1,000 metres drilled.
Gunsynd (GUN) remains on Aquis for a few more days and it has entered a farm-in agreement with Pinwheel Resources over acreage in Canada. It can earn 100% of Falcon Lake U-Co-Cu project and Bear Twit VMS project for a total outlay of £200,000 in cash and shares.
IntelliAM AI (INT) has secured a contract extension with a global alcohol company. The company’s consulting services will be broadened to 35 maltings sites in the UK. The contract value is a minimum of £100,000.
Walls and Futures REIT (WAFR) has been trying to attract institutional investors involved in infrastructure and property, but the General Election led to delays. The process will be restarted at the end of the summer holidays. The scale of any potential fundraising will be larger than previously expected.
Oberon Investments (OBE) raised £2.5m at 3.5p/share and that will help to accelerate growth. First quarter revenues increased by 90% to £2.54m and this came from all the divisions. Like-for-like growth of more than 30% is being targeted for the full year.
Tectonic Gold (TTAU) has sold its 10% stakes in diamond miner Deep Blue Minerals and heavy mineral sands miner Whale Head Minerals to AIM-quoted Kazera Global (KZG). A potential Western Australia gold acquisition opportunity is being assessed.
Investment Evolution Credit (IEC) has raised £100,000 at 20p/share.
Ananda Developments (ANA) has moved to the Apex segment of the Aquis Stock Exchange.
AIM
Hargreaves Services (HSP) reported a fall in full year pre-tax profit, but it was slightly higher than expected at £16.9m. Pre-tax profit was lower because of the reduced contribution from the German HRMS business, although it did have a much better second half. This recovery should continue into the current year. EU sanctions on Russian pig iron has helped prices improve, which is good for the HRMS recycling operations. The enhanced dividend will continue and should at least be maintained at 36p/share. NAV is 583p/share.
Customer engagement and intelligent automation systems supplier Netcall (NET) is spending an initial £9.6m for Govtech, which has a focus on the public sector, and this will be earnings enhancing this year. Govtech helps local authorities to automate council transactions so they can be done more quickly and efficiently. Netcall has local authority clients, and its coverage of UK councils will increase from 26% to 34%. Netcall had £33.7m of net cash at the end of June 2024. Even after the acquisition Netcall could still have £31m in cash at the end of June 2025.
Insurance premium finance and professional funding provider Orchard Funding (ORCH) says its largest customer has gone into administration. Orchard Funding has lent £16.7m to Insure That clients out of a total lending book of £66.8m at the end of June 2024. Management is assessing the recoverability of the Insure That loans. This comes six weeks after a positive trading statement.
Cash shell Earnz (EARN) is making its first acquisitions and raising up to £4m at 7.5p/share. It is buying energy services companies Cosgrove & Drew, which provides public sector project work and compliance services for heating and plumbing, and heating installation and maintenance services provider South West Heating Services. Earnz chair Bob Holt has a stake in Cosgrove & Drew, which will cost up to £196m. In 2023, it generated revenues of £9.1m and lost £832,000. South West Heating Services will cost up to £1.15m and it made revenues of £1.1m and a pre-tax profit of £275,000 in the nine months to March 2024. The focus is cross-selling of services and organic growth.
Ocean Harvest Technology (OHT) has published positive data from trials of OceanFeed Swine. Adding this feed ingredient to the diet of pregnant sows results in more piglets being born and improved milk quality in the sows. Revenues per sow increased by $24/year. More than $100bn/year is spent on swine feed.
Natural resources data analyser and provider Getech (GTC) has raised £1.5m at 2p/share and could generate up to £200,000 more from a retail offer. This will improve the balance sheet ahead of the planned sale of Nicholson House. The cost base is being reduced. There will be investment in the sales and business development teams, as well as in machine learning technology development.
Revolution Bars (RBG) has received court approval for its restructuring plan. This means that some bars can be closed, and others will have rent reductions. There will be 65 bars and pubs left in operation. This should improve annualised EBITDA by £3.8m.
Oil and gas company Prospex Energy (PXEN) raised £3.34m via a placing and subscription at 6p/share. There was also an oversubscribed retail offer that raised £859,000. Prospex Energy wants the cash to acquire an interest of 7.5% in the Vlura producing gas field that generates more than four-fifths of the Spain’s gas production.
Hermes Pacific Investment (HPAC) plans to leave AIM. The share price slumped to 40p. The investment company found it difficult to secure suitable investments in the financial services sector in south east Asia and changed into a property investor in 2022, but only one property has been acquired. There is a low free float, and the shares are trading at a large discount to the September 2023 NAV of 147p/share.
Oil and gas company Bowleven (BLVN) plans to leave AIM and 58.3% shareholder Crown Ocean Capital is offering shareholders the chance to sell shares at 0.225p each up until 11 September. This offer is dependent on the departure from AIM being agreed at a general meeting on 28 August. Management believes that being private will give the company more flexibility and reduce costs.
Floorcoverings manufacturer Airea (AIEA) was hit be a slowdown in second quarter sales. The decline of 5.6% was slightly better than for the market as a whole. Interim sales are lower with international revenues 22% lower. July has been stronger and new product launches are planned. There has been an increase in inventory because of the slow sales. The interims will be announced on 26 September. The full year expectations have been reduced.
Extended reality technology developer Engage XR (EXR) says interim revenues reached a record of €2.2m with the main growth coming from licence income. Net cash is €5.5m at the end of June 2024. Management still believes that Engage XR can move into profitability during 2025 without raising additional cash. Full year revenues of €5.3m and net cash of €3.7m are forecast.
EnergyPathways (EPP) says the retention of the decarbonisation investment allowance in the energy profits levy is a positive signal. This should be helpful for the company’s MESH Marram Energy Storage Hub) project. This part of the development of the Marram gas field in the UK Irish Sea.
Tan Delta Systems (TAND) has entered into a product agreement with an engine manufacturer to develop a sensor to monitor coolants and water-based hydraulic solutions. The initial value of the agreement is £200,000, but it could increase to £2m.
Seed Innovations (SEED) has used some of its cash to buy £250,000 of shares in the recent fundraising by AIM-quoted Pantheon Resources (PANR), which is exploring for oil and gas in Alaska. The placing was at 17p/share and the current share price is 18.18p. There is still £3.5m in cash left.
MAIN MARKET
Restaurants operator Hostmore (MORE) says interim like-for-like sales have declined 10% and this accelerated to a 23% decline in July. The first half loss has been reduced. Borrowings are likely to exceed the current debt facilities. Management continues to work on the acquisition of master franchise owner TGI Fridays Inc. The plan is to sell corporate stores to new franchisees and there are agreements to sell stores for more than $40m. A review of options if the acquisition does not happen is being undertaken.
Alkemy Capital Investments (ALK) has updated the market on progress with the Tees Valley Lithium refinery project. A collaboration with Geothermal Engineering intends to develop integrated supply chains in the UK. Project funding partners have been shortlisted, while overheads are being reduced.
Andrew Hore