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Steve Hughes, VP of exploration for Asiamet Resources PLC (LON:ARS), tells Proactive's Andrew Scott their drilling programme at BKZ continues to deliver high grades of a number of metals. What began as a five-hole programme has now become 12 with Hughes saying he's just finished the tenth hole today. ''We've got two holes left .. I suspect it's about another week and then we'll move the rig. I think we'll probably go down to southern BKM where there's more massive sulphides''.
Proactive Investors' John Harrington stopped by the studio for an update on his 'bombed out but bouncing back portfolio'. The strategy behind the fund is to choose stocks through “mechanical investment” methods. ''Every so often a stock screen throws up a stock that makes you wonder, where did I put that barge pole?'', Harrington says. Among the recent additions to the portfolio is Watchstone Group. ''Its recent share price performance is very encouraging, with the stock up by a third over the last five days, though over the last year the shares are down by a third – making it a perfect candidate for the 'Bombed Out but Bouncing Back' portfolio'', says Harrington.
Mining Capital's Alastair Ford says it's interesting to see Baker Steel Resources Trust (LON:BSRT) beginning to do a bit of a promotional push. ''They're now really focused on several core investments across quite a diverse spectrum of commodities and jurisdictions as well''. ''It seems as though their nose for value is beginning to sniff some real opportunities in this current market''.
Fabian Baker, chief operating officer for Tethyan Resources PLC (LON:TETH)(CVE:TETH) tells Proactive they're looking to release the results of substantial geophysical surveys at their Suva Ruda and Gokcanica projects in Serbia in the coming weeks. Tethyan holds an option over the Suva Ruda project under the terms of which it can take 100% ownership via a €6 mln payment that can be made at any time with in an eight year period. Suva Rudia covers an 87 square kilometre area and lies approximately 240 kilometres south of Belgrade. The Gokcanica project covers 110 square kilometres in southern Serbia, five kilometres to the north of the town of Josaniska Banja.
Robert McAllister, chief executive of Enertopia Corp (CNSX:TOP), shows off the first step in their synthetic brine process and outlines why they're so excited about the opportunities with their technology partner Genesis Water Technologies. The time-lapse video shows lithium rich rocks essentially dissolving with the lithium become liberated into solution. Currently the tried and true method involves mining the hard rock lithium pegmatites called spodumene - these deposits are most common in Canada and Australia.
David Price, chief executive of Papua Mining PLC (LON:PML) tells Proactive's Andrew Scott he's delighted with the response from investors to their recent £1.5mln raise. ''We had good participation from our existing shareholders and also the board - the board participated which is important for investors''. Price, who took over as CEO just last week, goes on to the say the cash puts them in a very comfortable position now to use it on the ground as part of their exploration programmes.
Joe Ross, chief executive of Kickwheel Company discusses the merger between themselves and Lingo Media Corp (TSE:LM). The two education technology specialists are joining forces through a one-for-one all-stock transaction. The merged company will take on a new name, yet to be announced.
Robin Young, chief executive of Amur Minerals Corporation (LON:AMC), brings Proactive up to speed on latest developments at their Kun-Manie project in Russia and answers investors questions. This week Young announced they’re testing four drill defined deposits with new results allowing them to assess the economic potential of the open-pit only project, with subsequent analysis set to determine the potential to access deeper ores via underground mining.
Atlantis Resources Limited (LON:ARL) CEO Tim Cornelius spoke to Proactive Investors as their MeyGen tidal power project in the Pentland Firth hits a major milestone. ''The fourth turbine's installed - it obviously means we've now completed the construction phase of phase 1A, 6Mw, so now fully connected to grid, generating electricity and most importantly generating revenue'', Cornelius says. He adds they've now asked the UK government for a separate deal to get the project included among the new roster of subsidised renewable power developments.
The independent oil and gas analyst Barney Gray discusses the decision by Surrey County Council to give the green light to the new Horse Hill programme. ''I'm quite pleased with this announcement, it covers a lot of ground''. ''They obviously have the permission to do the extended flow test at Horse Hill which I think is going to be very important because the data which came out originally was very teasing and it will now be nice to see an extended flow test and see what this well can actually flow''.
Baker Steel Resources Trust Limited's (LON:BSRT) Trevor Steel and Francis Johnstone tell Proactive the advantage of the trust is that it's a permanent capital vehicle - so they can invest in projects which may take some time to develop but will provide excellent upside potential. ''We're looking to make two to three times on a typical investment'', Trevor Steel says. He adds: ''Overall it's a potential high return vehicle but investing in a part of the market which is difficult for most investors to access - the pre-IPO, the private space in mining''. ''What we ideally look for is a large potentially world-class project in a nice, safe jurisdiction ... we are looking for projects which could either be bought by a major company or take them through to IPO'', says Francis Johnstone
Nik Philpot, chief executive of Eckoh PLC (LON:ECK) spoke to Proactive on the back of their trading update for the 6 months to the end of September 2017. UK trading continues to be solid with a similar revenue performance to the first half of last year and a strong pipeline of deals in the second half. On the other side of the pond, the company’s US push is going well, with seven contract wins worth US$5.1mln secured during the half year, up from three wins worth US$2.7mln the year before.
David Lenigas, executive chairman of Doriemus PLC (LON:DOR) discusses the exciting onshore UK oil projects - Horse Hill, Lidsey, Broadford Bridge and Brockham. ''I'm more pleased in fact that it'll [Lidsey] be the first well going into production in that part of the weald basin and we announced the other day we also hit good indications of hydrocarbons in the kimmeridge and the oxford ...so that should be our first production well from Doriemus' perspective with Angus hopefully over the course of the next week''.
Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC), tells Proactive they've landed a US$350,000 deal from the defence agency of an undisclosed European country. Their Celare operation will supply monitoring and detection systems as part of a proof of concept contract. The deal will allow it to showcase the capabilities of its T-Sense product, which detects and investigates suspicious network activity and threats.
Gert Reider, chief executive of Falcon Media House (LON:FAL) tells Proactive they've secured £3.4mln of additional funding through a convertible loan note to help them advance their new focus on Quiptel's portfolio of OTT technologies. Falcon said the aggregate principal amount of the loan note, which carries an interest rate of 8%, is £10mln, of which £3.4mln has thus far been issued. The funds raised will be used for general corporate purposes, including continued software development and enhancements; increased geographical footprint and reach; scaling up the sales and support organisation; content acquisition; and aggregation and general working capital.
Ferrum Crescent PLC (LON:FCR) executive directors Laurence Read and Myles Campion tell Proactive they're to changing their near-term approach to the exploration and evaluation of FCR's key asset in Spain, the Toral zinc project. The first full-scale historical review of core samples from Toral has now been undertaken. That’s allowed all historical information to be processed into a central model with a single data format, which the company will be able to use to plan around more effectively in the future. It will also lead to a maiden JORC resource for Toral, to be completed by the end of this year, incorporating the data from the 2017 drilling programme.
The team at Vast Resources PLC (LON:VAST) tell Proactive they've seen a record third quarter, with operations at the Manaila polymetallic mine in Romania and the Pickstone-Peerless gold mine in Zimbabwe outperforming the previous quarter in terms of tonnes mined, tonnes milled, copper concentrate produced and gold produced. At Manaila there was a 31% increase in copper concentrate produced, although grade dropped marginally. Zinc production fell, but gold production rose. At Pickstone-Peerless, in which Vast holds a 25% stake, ore mined and milled hit their highest levels since June 2016. Gold production by 17% increased to 4,738 ounces.
James Barder, chief executive of Futura Medical PLC (LON:FUM) runs Proactive through some new market research on their MED2002 product. It found the majority of physicians in the US reckon their erectile dysfunction gel is an improvement over current ED therapies. The research, carried out by Cello Health Consulting, also revealed that at least 10% of ED patients were contra-indicated – i.e. can’t be treated with – PDE5 inhibitors such as Viagra because of their existing medication. That’s higher than the 7.5% Futura believed it to be based on past research.
Keyword Studios PLC (LON:KWS) chief executive Andrew Day discusses the AIM awards which were held in London last week and where they picked up the award for AIM growth business of the year. ''A very pleasant evening and I'm very thrilled to have won this prestigious award - it's a great achievement for us as a company and I'm thrilled for every 'Keywordian' around the world who's worked so hard to achieve this''.
Proactive Investors oil & gas correspondent Jamie Ashcroft reports on Angus Energy Plc (LON:ANGS) completing their drill program at the Lidsey field, in the southern edge of the Weald basin, near Bognor Regis. The company now plans to produce from 443 metres of net oil pay in the Great Oolite limestone reservoir. Ashcroft also discusses why UK Oil and Gas Investments PLC (LON:UKOG), a junior market favourite, dropped almost 30% earlier this week as their potentially exciting Broadford Bridge well ran into complications.
Mining Capital's Alastair Ford asks whether we could be beginning to see a pattern of junior mining recovery emerging. He says early 2017 saw a couple of new listings in London and a spate of activity in Canada as the gold price and mining in general found support in the utterings and policies of Donald Trump. But as the year's gone on new money into the sector at the smaller end has been a trickle rather than a flow. However with the listings in August of Altus Strategies (LON:ALS), Cora Gold on Monday and the planned IPO next year of Toro Gold, Ford reckons we could now have a clear direction of travel for the mining market.
Toby Hall, chief executive of Minds + Machines Group Limited (LON:MMX) caught up with Proactive from China where he's given a key-note speech on the domain industry at the prestigious Alibaba event in Hangzhou. Hall also discusses their launch of four more top level domains - .law, .work, .beer and .shopping. Another four of MMX’s TLDs are currently going through the regulatory process.
Brett Childs, chief executive of Brainworks Limited, talks to Proactive on the eve of their first day of trading on the JSE. Childs says they're disappointed, but not surprised, by the fact they struggled to raise funds. ''We're still listing by introduction, we have the required public shares ... it's disappointing but it's due to circumstances which are really outside of our control''. ''I think 2018 will be a good year for us. We need to bear in mind that next year we have elections in Zimbabwe but historically those elections have actually proved a boom for the hospitality industry''.
Mark Heyhoe, chief operating officer for Harvest Minerals Limited (LON:HMI), tells Proactive they've recorded first sales of their fertiliser replacement KPfertil. The sales were in response to requests from customers even though the company is waiting for formal certification for KPfertil as a remineraliser from the Brazilian Ministry of Agriculture.
Steve Hughes, VP of exploration at Asiamet Resources PLC (LON:ARS), caught up with Proactive for a quick update on the back of latest exploration work at BKZ. He says he's increasingly confident they've found a new stand-alone polymetallic deposit at the prospect in Kalimantan, Indonesia. Hughes says they've still got the drill rig in the immediate area - one hole's in progress and they're starting to head further south. ''We'll finish up two more holes and then that'll be all the scout drilling completed'', Hughes says. ''Then we'll do some evaluation and I'm pretty sure we'll upgrade the program to delineation drilling''.
Zvi Marom, chief executive of BATM Advanced Communications Limited (LON:BVC) discusses with Proactive the launch of the electronics industry's first ARM-based universal Customer Premises Equipment (uCPE) platform. ARM-based chips are particularly popular in mobile devices, and the Cambridge-based chip designer worked closely with BATM's wholly-owned subsidiary, Telco Systems, and Telco partner NXP Semiconductors (NASDAQ:NXPI) on the solution.
Osirium Technologies PLC (LON:OSI) is a cyber security company focused particularly on the PAM space - privileged access management. ''It's a niche area, but still up there at $2.2bln by 2020, so it's a great opportunity for a company such as us who've had a long history and involvement in cyber security over the last nearly 30 years now'', says chief executive David Guyatt. ''We're well-placed to address that particular market that's emerging and we have the skills necessary to take on the world really''.
Will Fulton, manager of the UK Commercial Property Trust (LON:UKCM) tells Proactive they're a diversified investment trust focused on retail, industrial as well as office assets. ''The tilt of the portfolio at the moment is towards industrial which I really like, we've added to that, we've probably sold away some retail and some central London'', ''We're diversified across £1.4 bln worth of assets - spread geographically across the country and also spread by tenant - we don't like to put too much money into one tenant''.
João Andrade, chief executive of WideCells Group PLC (LON:WDC) tells Proactive they're to launch their stem cell healthcare insurance plan in Spain following the product’s debut in the UK and alongside its imminent roll-out in Brazil. The local agent for the CellPlan, which costs £170 a year, will be a company called Stem Cell Banco Celulas Madre, a provider of stem cell storage services. Under the re-seller model, the tie-up should generate £50 per sale (after commissions and reinsurance costs)
Phoevos Pouroulis, chief executive of Tharisa PLC (LON:THS) tells Proactive they produced 360,500 tonnes of chrome concentrates during the fourth quarter of the financial year, up 8% quarter-on-quarter. Full year production totalled 1.3mln tonnes of chrome concentrates, an increase of 7% on the corresponding period a year ago. This production also included 323,000 tonnes of higher margin specialty chrome and 143,600 tonnes of platinum group metals.
