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#TEK Tekcapital Plc – Guident Update

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to present the technology update for Guident Corp, the US based subsidiary of Guident Ltd.

As part of our enhanced investor relations communications, we intend to release a series of newsletters focused on the technology of each portfolio company. We believe most shareholders understand the value proposition behind the product of each portfolio company, however the product roadmap has been progressing rapidly and we think it’s helpful to Keep everyone up to date on key developments.

Our initial discussion will cover Guident’s unique technology offerings:

1.    Vehicle Remote Monitoring and Control Centre (RMCC)

Guident’s teleoperations solutions consist of two main components. A small footprint communications device and the RMCC (remote monitoring and control centre) software solution.  

The communications device connects to several miniature high-definition video cameras and includes connectivity to both public (4G & 5G) wireless and private Long Term Evolution (LTE) networks.

The RMCC consists of a cloud-based software solution connected to the Autonomous Vehicle (AV) fleets and to Guident’s RMCC. Guident’s solution is AV agnostic and can interact with any vehicle’s drive-by-wire system via ROS (robot operating system) or Application Programming Interface (API) integration.

The remote-control centre consists of multiple RCO (remote-control operator) stations equipped with vehicle controls including steering wheel, accelerator, and stop pedals as well as high-definition curved monitor displays. Large dashboard video wall-type displays provide real-time status of the AV fleets being controlled. RCOs continuously monitor their assigned AV fleet which is displayed with green labels, except when the AV encounters an edge case, at which point it stops and requests human assistance while changing its label from green to red. At that point, the RCO through the HD video cameras gains situational awareness to inspect the specific edge case. The RCO then takes control of the vehicle and remotely drives it around the obstruction or situation, and then returns control to the AV system to continue its mission path, at this point the vehicle is displayed with a green label.

Besides the green and red IRL (incident risk levels), Guident provides a yellow label through its patented Artificial Intelligence-based IRL predictive module. This module interacts with multiple data sources to analyze and predict the situations that may possibly disrupt the AV mission path. Data sources include vehicle sensor data, AV performance analysis, scene understanding, real-time traffic, work zone, weather, and other information. The assigned RCO is able to focus on the yellow IRL-level vehicles to attempt to anticipate the situation that may interrupt the mission path and turn the AV IRL to green status.


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Current autonomy trends and concerns, and why this technology is needed.

The current state of technology in the automotive industry is experiencing a shift to driverless vehicles. For this reason, automated supervision or safety driver roles will be critical for decades to come for all levels of automation before reaching full autonomy SAE level 5.

We believe human supervised RMCC services enhances the safety and provides redundancy whilst implementing remote driverless solutions for various field use cases, including military applications.

Infrastructure requirements for implementation (e.g., hardware, software, facilities and network connections

There are three (3) components required for human supervised RMCC services for driverless or autonomous vehicles:

1.   RMCC – Remote Monitor and Control Centre

·       Remote-control operator stations include vehicle controls (steering wheel, pedals, other vehicle functions, etc.)

·       Control centre monitoring display dashboards.


2.   In-vehicle equipment

·         For vehicle location, a GPS device in autonomous vehicles, with RTK capabilities for precise location.

·         For remote teleoperation:

GUIDENT RMCC communication in-vehicle equipment.

Public/Private/Military mobile 5G/4G/LTE wireless network.


3.   Cloud service – private or private software telecom services, including AWS, Azure, Google, etc.


The main benefits of human-supervised remote monitoring and control of driverless and autonomous vehicles include providing an additional layer of safety via remote operations to address edge cases and protection of humans from dangerous or unforeseen activities including but not limited to:

·    deadlock situations

·    navigation errors

·    accidents

·    allowing vehicle passengers to ask for information or assistance.

Based on ongoing conversations with potential customers, the company identified more potential applications including:

·    remote operation of material handling (teleoperation services of remote forklifts and other material handling equipment for warehouses)

·    remote operation of agricultural equipment

·    remote operation of mining equipment

·    remote operation of unmanned vehicles for military

The solution also creates cost savings achieved by proactive and predictive vehicle maintenance and support.

Guident is uniquely positioned to provide its teleoperation software stack protected by an intellectual property portfolio that includes seven (7) teleoperation-specific patents (5 granted & 2 pending) and copywritten software code for what we believe to be amongst the lowest glass-to-glass latency in the industry. In addition, we believe that Guident is the leading US-based teleoperation software solution providers that delivers a unique approach to teleoperations with its proprietary custom prediction module based on vehicle telemetry and field conditions data.

The business case for Guident has never been stronger and it includes following data points:

–     low latency connectivity and teleoperation is necessary for safer and cost-effective adoption of AVs. Guident’s methods and systems will help increase safety and help bridge the gap from Level 3 to Level 5 autonomy.

–     RMCC is fast becoming a legal requirement in numerous states in the US and other countries

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See demonstration here: https://www.youtube.com/watch?v=ZRTgMRvv6wQ

2.   Regenerative Shock Absorbers (RSA)

RSA continuously recover the vehicle’s vibration energy that is otherwise dissipated as heat and friction. RSA’s convert the wasted heat energy into power, generating additional energy for recharging the vehicle battery to extend the vehicle’s range, or to provide energy to power other vehicle components. Anticipated benefits include:


–     Enhanced Sustainability for all vehicles in the fleet, including traditionally powered Internal Combustion Engine, hybrid and electric vehicles

–     Increased Energy Harvesting Efficiency by approximately 70% compared to current energy-harvesting shock absorbers

–     Increase range of EVs by up to 6-12 miles per charge

–     It can be tuned to match existing shock absorber damping characteristics and form factors



Recently the company evaluated a series of real-world RSA use conditions in their testing laboratory in Boca Raton, Florida. With precise force and displacement measurements, they are seeking to rigorously evaluate and quantify the advantages of their proprietary energy-harvesting shock absorbers over traditional oil-filled shock absorbers.


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Watch more here: https://www.youtube.com/watch?v=oc21clEuJbM





For further information, please contact:


Tekcapital Plc 

Via Flagstaff

Clifford M. Gross, Ph.D. 

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

+44 (0) 20 3470 0470 

Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)



Flagstaff Strategic and Investor Communications


+44 (0) 20 7129 1474

Tim Thompson/Andrea Seymour/Fergus Mellon



About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com.



Forward-Looking Statements

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital or Lucyd’s management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

#TEK Tek Capital plc – Investee Company #BELL Belluscura plc

Belluscura, a leading medical device developer focused on lightweight and portable oxygen enrichment technology, is delighted to announce that it has won two 2022 HME Business New Product Awards for its X-PLOR® portable oxygen concentrator and Nomad Biometric™ App.


X-PLOR® is a lightweight portable oxygen concentrator (“POC”) with user replaceable oxygen enrichment cartridges and direct-charge batteries. Weighing only 3.75 lbs, its AirgonomicTM Design ensures user-friendly experience and maximum comfort and mobility. It has multiple Pulse Flow Settings including its novel X-PLORATIONTM Mode.


The next generation X-PLOR® also includes the new Nomad Biometric™ App, where patients can connect other Bluetooth® devices such as their iPhone® or Android phone, Nonin® or Masimo® pulse oximeters, and Fitbit® wearables to track healthcare data which can be shared with healthcare providers.


The New Product Award is run by HME Business, part of the HME Media Group, honouring outstanding product development achievements by HME manufacturers and service providers. The competition is judged by a panel of HME providers from a variety of backgrounds and category specialties.


Both products, along with Belluscura’s next generation POC, the DISCOV-R™, will be on display at Medtrade in Atlanta, Georgia between October 24-26. Medtrade is the largest home medical equipment trade show and conference in the US.


The DISCOV-R™, weighing just 6.5lbs when it is launched in Q1 2023, will be the world’s first ambulatory dual flow POC. Comparable competitive devices weigh nearly twice as much and lack Belluscura’s novel NOMAD Biometric App and patented technology.


Robert Rauker, CEO of Belluscura plc, commented:


We are delighted that Belluscura has been awarded two 2022 HME Business New Product Awards for the X-PLOR® portable oxygen concentrator and the Nomad Biometric™ App. The awards recognize the outstanding product innovation behind the X-PLOR®, the Nomad Biometric™ App, and the DISCOV-R™. We look forward to introducing our latest portable oxygen concentrator to the market, DISCOV-R, which, like all our products, was designed with our patients in mind and getting them back to doing the things that they love.”





For further information, please contact:


Belluscura plc


Robert Rauker, Chief Executive Officer

via MHP

Anthony Dyer, Chief Financial Officer

SPARK Advisory Partners Limited (NOMAD)

Tel: +44 (0)20 3368 3550

Neil Baldwin

Dowgate Capital Limited (Broker)

Tel: +44 (0)20 3903 7715

James Serjeant / Nicholas Chambers

MHP Communications (Financial PR and Investor Relations)

Tel: +44 (0)20 3128 8100

Katie Hunt / Pete Lambie / Matthew Taylor

Email: belluscura@mhpc.com



About Belluscura plc ( www.belluscura.com )

Belluscura is a UK medical device company focused on developing high performing, lightweight and portable oxygen enrichment technology used in a broad range of industries and therapies. Our innovative oxygen technologies are designed with a global purpose: to create improved health, mobility and economic outcomes for patients, healthcare providers and insurance organisations.


About Reach announcements

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.


#BRES Blencowe Resources Plc – Webinar call

Blencowe Resources (BRES:LON), is pleased to announce that it will be presenting a live investor webinar via Zoom conferencing on Tuesday 11th October 2022 at 12:30 pm UK time.

The event will be hosted by First Equity Limited, with Blencowe’s CEO, Mike Ralston discussing the recent announcement regarding an approach from a strategic party in China and work being conducted on the Definitive Feasibility Study (DFS) at the Orom-Cross graphite project.

The event is open to all existing and prospective investors and will be followed by a Q&A session.  

Registration Details

Investors who have not yet registered are invited to do so using the following link:


The most recent copy of the Company’s corporate presentation can be found at the following link:  https://blencoweresourcesplc.com/presentation/

Interested investors can also sign up for the Company Newsletter here:







Blencowe Resources Plc


Sam Quinn (London Director) 




+44 (0)1624 681 250



Investor Enquiries

Sasha Sethi

Tel: +44 (0) 7891 677 441




Tavira Financial

Jonathan Evans


Tel: +44 (0)20 7100 5100


First Equity Limited

Jason Robertson

Tel: +44 (0)20 7330 1883


#TM1 Technology Minerals – Global Battery Metals Exercises Leinster Option

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that Global Battery Metals Ltd (“GBML”), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ), an international critical mineral exploration and development company focused on growth-oriented battery metal projects, has elected to exercise its first option with respect to the Company’s lithium North-West Leinster Property in the Republic of Ireland (“the Property”).

The Leinster Property is currently operated as an Earn-in Option between LRH Resources Limited (Ireland) (“LRH”) (a wholly-owned subsidiary of the Company) and GBML. The project is operated under an exclusive Earn-in and option agreement with GBML with no project expenditure required by the Company.

The agreement provides GBML with three staged options to acquire up to 90% of the Property as follows:

·    First Option: to earn 17.5% equity by spending on the Property by 12 October 2022:

 (i) up to €85,000 (already spent) in expenditures on the Property, separate from the license fees

 (ii) up to €6,500 (already spent) in connection with all such license charges, fees and rents as may be required to keep the Property in good standing

·    Second Option: to earn a further 37.5% equity by spending a further €500,000 (with credit given for overspend by GBML prior to 12 October 2022) within two years of the exercise of the 1st Option, and paying the Company €50,000 (i) in cash or (ii) GBML shares at market price and €5,000 in cash

·    Third Option: If Option 2 is exercised, to earn a further 35% equity by spending a further €1,000,000 within two years of the exercise of the 2nd Option, and paying the Company €200,000 (i) in cash or (ii) GBML shares at market price and €20,000 in cash.

·    GBML is required to maintain the applicable Option in good standing, and when GBML reaches 55% interest, pursuant to the terms of the Second Option, a joint venture between the Company and GBML will be formed.  The joint venture terms include:

(i)           each party having a right of first refusal on the other party’s shares;

(ii)       each party having tag along rights in the event a party seeks to sell its shares (and the other party does not exercise its right of first refusal); and

(iii)       each party’s interest shall convert to a 2% gross smelter royalty (the “GSR”) if its interest dilutes below 10%. The royalty payor of the GSR has a buy back right on one half of the GSR exercisable within a period of 12 months after its grant for an acquisition price of €1,000,000 payable in cash or GBML shares at market price.

The Leinster Property

The Leinster Property, located in the counties of Wicklow and Dublin, is focused on the exploration for lithium mineralisation within spodumene-bearing granite pegmatites.  The Property consists of fifteen prospecting licences, termed ‘the North-west Leinster Block’, which cover a total area of approximately 477km2, and a new Prospecting Licence (“PL”), PL1597 which was awarded on 22 March 2022. All the Property prospecting licences were granted to LRH.

The Property lies on a 135km long zone of lithium-bearing pegmatites, centred on the Aclare and Moylisha deposits which were discovered during 1960’s and 1970’s and are currently being explored by the Ganfeng – International Lithium joint venture.

Lithium mineralization on the Property has been confirmed, with spodumene bearing samples from various prospects identified within the project area: Sorrel (1.6% Li2O equivalent); Tonygarrow (1.0% Li2O); Aghavannagh (1.78% Li2O). Lithium mineralization on PL1597 has also been confirmed, with spodumene bearing samples from two boulder trains identified, the results of which will be released in the near future.

The Company and GBML plan further work programmes on the Property (including PL1597) in Q4 2022, with geological mapping, lithogeochemical sampling, ground surveying, deep overburden sampling and limited diamond drilling where warranted.

As part of an on-going workflow, the Company continues to identify, fully assess and apply for other spodumene-pegmatite exploration opportunities along the district-scale Irish lithium belt.

Alex Stanbury, CEO of Technology Minerals, said: “I am pleased that Global Battery Metals will be exercising their first option at the Leinster Property. This news demonstrates the strength of our working relationship with Global Battery Metals and underlines their faith in the potential of this project and the Irish pegmatite belt.

“It also vindicates our strategy to move early-stage mining assets up the value chain and shows the value of Technology Minerals exploration work. We look forward to continuing to work closely with Global Battery Metals, as well as our other joint venture partners, to develop our portfolio of projects focused on the critical minerals needed to power the transition to net zero.”


Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 4582 3500

Global Battery Metals Ltd.

Michael Murphy BA, MBA, MSc., ICD, President & CEO

+1 604-649-2350

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Gracechurch Group

Harry Chathli, Alexis Gore, Amy Stupavsky

+44 20 4582 3500



Technology Minerals Plc 


Technology Minerals is developing the UK’s first listed, sustainable circular economy for battery metals, using cutting-edge technology to recycle, recover, and re-use battery technologies for a renewable energy future. Technology Minerals is focused on extracting raw materials required for Li-ion batteries, whilst solving the ecological issue of spent Li-ion batteries, by recycling them for re-use by battery manufacturers. With the increasing global demand for battery metals to supply electrification, the group will explore, mine, and recycle metals from spent batteries. Further information on Technology Minerals is available at www.technologyminerals.co.uk  

#TEK Tekcapital Plc – Lucyd – Global Licensing Agreement Nautica Brand

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to announce Innovative Eyewear, Inc. (“Innovative Eyewear”) (NASDAQ: LUCY; LUCYW), a developer and retailer of cutting-edge smart eyewear and a subsidiary of portfolio company Lucyd Ltd, has licensed the global lifestyle brand Nautica® for smart eyewear.


“The Nautica smart eyewear line will stay true to the brand essence of bringing the inspiration of the sea into smart eyewear that is modern and innovative,” says Harrison Gross, CEO of Innovative Eyewear, Inc. “Our Nautica® smart eyewear collection, powered by Lucyd®, will align perfectly with today’s lifestyle, as we believe consumers are looking for designer eyewear that allows them to reman connected to their digital lives.”


The Nautica smart eyewear collection is expected to launch for Holiday 2022 or soon thereafter. 


About Nautica®

Nautica is a leading global lifestyle brand for men, women, and children, which includes home bedding collections. As a nautical-influenced classic American sportswear brand, we inspire and enable people to experience the joy of water. Nautica is one of the most recognized American brands throughout the world, with over 35 categories available in more than 65 countries with 76 Nautica stores and 291 International stores, and over 1,400 Nautica branded shop in shops worldwide. For more information, please visit https://www.nautica.com/.


About Innovative Eyewear, Inc.

Innovative Eyewear is a developer and retailer of smart eyewear, which are designed to allow the users to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company believes that traditional frames, no matter how attractive, do not possess the functionality that many eyeglass wearers need and want. Smart eyewear is a multifunctional product that addresses the needs of the optical, hearables and digital assistant markets. We believe that the Company’s products are well positioned in this rapidly growing wearables ecosystem, with the mission to Upgrade Your Eyewear®. For more information, please visit www.lucyd.co .


Tekcapital currently owns 100% of the share capital of Lucyd Ltd and 5,189,086 shares (approximately 71%) of its U.S. operating subsidiary, Innovative Eyewear, Inc.  

For further information, please contact:


Tekcapital Plc  

Via Flagstaff

Clifford M. Gross, Ph.D. 

SP Angel Corporate Finance LLP

(Nominated Adviser and Broker)

+44 (0) 20 3470 0470  

Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)



Flagstaff Strategic and Investor Communications


+44 (0) 20 7129 1474

Tim Thompson/Andrea Seymour/Fergus Mellon



About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visit www.tekcapital.com .


#KAV Kavango Resources Plc – KCB – Drill Rig Mobilisation

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) (“Kavango”) is pleased to announce that Mindea Exploration and Drilling Services Pty (“Mindea”) has mobilised the multi-purpose drill rig (the “Rig”) for the Company’s maiden drill campaign in the Kalahari Copper Belt (“KCB”).

PL082/2018 is one of Kavango’s most advanced prospecting following extensive surface exploration and geophysical surveying across the entire area.

The Rig has been mobilised to conduct a first phase drill programme on PL082/2018, where Kavango is targeting a potential analogue to Khoemacau’s Banana Zone deposit. The Banana Zone deposit sits immediately to the south of Ghanzi Ridge and exhibits similar geophysical characteristics to survey data acquired by Kavango over PL082/2018.


–     Drill rig mobilisation

–     Mindea has deployed a rig capable of reverse circulation (“RC”) and diamond core (“DC”) drilling to PL082/2018

–     Drill camp and first drill pad prepared

–     First phase drilling programme

–     Drilling to commence no later than 9 October

–     Expected completion by early November

–     Up to 6 holes (est. 1,250m) designed to test the Northern and Central anomalies (announced >>> 29 September 2022)

–     CSAMT

–     Kavango has also commenced a Controlled-Source Audio MagnetoTelluric (“CSAMT”) survey of up to 17 line-km over PL082/2018

–     Goal is to map subsurface structures to optimise drill orientation

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

In keeping with our ambitions in the Kalahari Copper Belt, we have moved fast to mobilise the rig. The speed at which we are able to work demonstrates how much progress we’ve made over the past year.

PL082/2018 is our best immediate target in the KCB. It is our most advanced licence and demonstrates the best geology at surface, which we hope could prove to be telling.

We’ve achieved near total coverage across this licence in terms of geophysical surveying, geological mapping and soil sampling. While the CSAMT survey could yet still provide a new valuable data source, we are confident in the targeting work we’ve completed to date/

We expect this first phase drill programme will last around a month, with samples sent immediately for laboratory testing. Results from this will guide future drilling.

In the meantime, our team in the field has worked hard over the last week to finalise preparations. The drill camp is set up, the first pad is prepared, and the rig is on course to commence its work later this week.

Drilling is always the most exciting activity for any exploration company, and we look forward to what the next few weeks will bring.”

First phase drill programme details

Under the terms of its contract with Kavango, Mindea has mobilised its multi-purposed rig for a first phase drilling programme (the “Drill Programme”) on PL082/2018 in the KCB. Kavango has established an exploration camp in the drilling area and cleared the first drill pad.

The Drill Programme will consist of an initial 6 holes for 1,250m of drilling designed to test 2 discrete copper geochemical anomalies (the “Target Zones”), which are aligned with mapped underlying geology at PL082/2018 (announced >>> 26th August 2022).

The details of the Target Zones are as follows:

I) Central Zone   (Cu: >30ppm, Max 118.8ppm)

–     Follows the geological trend of a sub outcropping anticline. This anticline forms the dome that hosts the Zeta and Plutus copper deposits located by Discovery Metals to the North East. The elevated copper values are postulated to represent a possible leakage zone from an underlying redox contact

–     The unit has been mapped to extend over the length of PL082/2018, extending over 27km, and is also characterised by a zone of elevated magnetic response

–     Infill soil sampling (announced >>> 29th September 2022) confirmed elevated readings along the Target, further strengthening its prospectivity

II) Northern Zone   (Cu: >30ppm, Max 39.7ppm)

–     A robust anomaly occurring in an area with no outcrop (under Kalahari cover) on the edge of a magnetic high that bears similarities to the Ourea and Quirinus copper deposits identified by Discovery Metals in 2009. These deposits are interpreted to be on the limbs of tight anticlines

–     Previous work by Kavango identified an Airborne ElectroMagnetic (“AEM”) conductor, which coincides with the geochemical northern zone identified in this latest work

–     Infill soil sampling confirmed that the Target extends over 9km of geological strike length and has a maximum width of 650m, which may comprise up to three separate parallel anomalies, with a peak value of 43ppm Cu (pXRF values)

Drilling is expected to complete by early November. Upon completion, samples will be sent to an internationally accredited laboratory for testing.

Kavango has so far identified 188 drill collar locations and aims ultimately to complete up to 37,600m or RC and diamond drilling (announced >>> 30th September 2022). These locations are centred on 14 priority target areas delineated across 4 of the Company’s 12 KCB licences, where field exploration is ongoing.

CSAMT details

Kavango has also initiated a CSAMT survey of up to 17 line-km within PL082/2018. The Company’s objective is to provide resolution of the anticipated anticline structure and to ensure optimal drill orientation.

Further information in respect of Kavango and its business interests is provided on the Company’s website at  www.kavangoresources.com  and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc   

Ben Turney


+46 7697 406 06

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson   

SI Capital Limited (Joint Broker) 

+44 1483 413500

Nick Emerson

Kavango Competent Person Statement

The technical information contained in this announcement pertaining to geology and exploration have been read and approved by Brett Grist BSc(Hons) FAusIMM (CP).  Mr Grist is a Fellow of the Australasian Institute of Mining and Metallurgy with Chartered Professional status.  Mr Grist has sufficient experience that is relevant to the exploration programmes and geology of the main styles of mineralisation and deposit types under consideration to act as a Qualified Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Andrew Hore Quoted Micro 2 December 2019


Coinsilium (COIN) has signed a memorandum of understanding with Devmons to set up a joint venture using Coinsilium’s existing Gibraltar subsidiary TerraStream. The company will offer blockchain software and systems development. Devmons supplies the technology development expertise. More details will be published when the agreement is signed, and it is hoped that operations will commence in the first quarter of 2020. The new venture should not need significant funds, due to advanced payments being requested when any contract is won.

Gunsynd (GUN) has entered an agreement to sell its stake in Oyster Oil and Gas to Sajawin Pty Ltd. There will be a payment of £20,000 after the signing of the term sheet and a further £240,000 to be paid in two tranches, the second of which will be payable 60 days after completion. Sajawin still has to complete due diligence and raise at least A$1.5m when it reverses into an ASX shell. Gunsynd will subscribe for A$200,000 of shares. The deal can be terminated if the conditions are not met by the end of April. Production sharing contracts for four blocks in Djibouti are not included in the transaction. George Garnett has resigned as a non- executive director of Gunsynd.

Sativa Group (SATI) is exploring the possibility of an AIM quotation. It has appointed Cenkos Securities as adviser. Management hopes that the move could happen early next year. The first batch of seedlings is being prepared for a move to the cultivation room with the first extract of medicinal cannabis set to be delivered to King’s College London before the end of 2019. That will be used in research on inflammation and respiratory conditions. Crops take 12 weeks to grow.

NQ Minerals (NQMI) says that production at the Hellyer gold mine in Tasmania is ahead of expectations, but there is room for improvement in 2020. NQ has made an additional investment of £150,000 in Tasmania Energy Metals in the form of a three-year convertible loan. NQ has an option to acquire the exploration licences and minerals processing facility that is being developed. The Barnes Hill nickel project mineral resource estimate has increased to 14.3 million tonnes grading 0.725 nickel and 0.05% cobalt.

Southern Africa-based social impact company Inqo Investments Ltd (INQO) increased its interim revenues but also made a higher loss. The Kazuko Lodge was hampered by the water shortage in the Cape Town area, but the weak Rand is boosting demand for holidays from Americans. There was an increase in honey produced by Bee Sweet Honey in Zambia. Cash in the bank improved from R12.3m to R21.2m. following a further cash injection by existing shareholders. The NAV was R179m at the end of August 2019.

AfriAg Global (AFRI) has completed the sale of its African operations. The share consolidation was completed on 29 November.

Dana Group International Investments Ltd (DANA) says that its NAV fell from $51.9m to $7.03m in the 12 months to June 2019. There was a small profit for the year and the decline in NAV came from write-downs. Trading has ended in London Capital Group Holdings and Queros Capital Partners 8% bonds 2025.



Sustainable wood products supplier Accsys Technologies (AXS) is raising €46.3m in order to fund the completion of the Tricoya plant in Hull and the fourth Accoya reactor in Arnhem. It will also finance the evaluation of an Accoya plant in the US. The cash will be raised at €1.05 a share via a placing and a one-for-seven open offer. The Hull plant could be operational in the second half of 2020.

STM Group (STM) warns that the rebranding of its UK pensions business has been delayed as it awaits regulatory approval to operate as a Master Trust for auto-enrolment. New pension applications have been lower than expected. The 2019 underlying pre-tax profit is forecast at £2.5m. Next year’s indemnity insurance payment will cost an additional £500,000.

Wilmcote Holdings (WCH) is raising up to £6.5m via a 31.199996 for one open offer at 1p a share in order to replenish its coffers while it seeks a suitable acquisition in the chemicals and other sectors. There was £7.5m in cash at the end of June 2019. Wilmcote will look at smaller acquisitions than in the past.

Online fashion retailer Sosandar (SOS) increased interim revenues by 53% to £2.82m with growth accelerating in the second quarter to September 2019. October revenues were more than £1m. Sosandar is still loss-making, but it could move into profit in 2020-21. The customer database has been significantly increased.

Parcel delivery firm DX (DX.) says its recovery continues to be on track. It expects to return to profit this year.

Cyber security services provider Shearwater Group (SWG) generated organic revenue growth of 11% in the first half. Overall revenues grew 262% to £16.3m. New managed service contracts provide revenue visibility. There was £1.68m in the bank at the end of September 2019.

A £5m fundraising at 0.15p a share will help Union Jack Oil (UJO) to finance the drilling of two appraisal wells at West Newton, where it has a 16.665% interest. There will also be a side-track well drilled at Biscathorpe.

There will be a second half shortfall in revenues at Malvern International (MLVN) with little improvement on the same period last year. Delays in approving overseas students, plus poor trading in London and Malaysia. WH Ireland has withdrawn forecasts. Cutting out Malaysian losses could enable Malvern to make a profit in 2020.

CAP-XX (CPX) is acquiring supercapacitor manufacturing assets from Murata, which a licensee of CAP-XX IP. This will boost manufacturing capacity and should improve profit. CAP-XX has raised £2.75m and an open offer could raise up to £750,000 more.

Live data systems company WANdisco (WAND) is raising $16.5m at 425p a share, which was a premium of 23% to the previous closing price. This will provide additional working capital. An existing customer has extended its relationship with WANdisco and the contract is worth $500,000.



Interim figures from Associated British Engineering (ASBE) show improved revenues and a lower loss. That is mainly down to a better performance by British Polar Engines. The business has been rationalised and surplus space will generate revenues in the fourth quarter. The pension deficit remains a concern.

Flavourings supplier Treatt (TET) reported flat full year revenues of £112.7m, but a 5% improvement in underlying pre-tax profit to £13.3m. There was a 10% decline in citrus revenues, which was made up for by growth elsewhere. The dividend was raised from 5.1p a share to 5.5p a share. There will be increased US capacity next year.

Nuformix (NFX) is raising £1.25m at 7p a share in order to provide funds while it negotiates deals in Asia and North America for NXP002, which is focused on the treatment for human idiopathic pulmonary fibrosis. There will also be additional money spent on two other treatment programmes.

Highway Capital (HWC) had net liabilities of £908,000 at the end of August 2019. It continues to seek a suitable acquisition.

Blake Holdings is making a mandatory cash offer for Hardy Oil and Gas (HDY) having taken its stake to 42.27%. The 5p a share offer values Hardy at £3.7m.

Andrew Hore



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