Small Cap Feast

Small Cap Feast – 17 December 2019

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Dish of the Day:

SulNOx Group (SNOX.PL)  – NEX. The Group has developed a methodology and process capable of emulsifying hydrocarbon fuels such as diesel and heavy fuel oil . By January 2014, following preliminary laboratory testing, SulNOx was in a position to suggest that its products resulted in up to a 50% reduction of Nitrogen Oxide (NOx) and a 90% reduction in particulate matter. mkt cap £42.3m.

 

Off the Menu:

No Leavers Today

 

Dish of the Day:

Off the Menu:

What’s Cooking in the IPO Kitchen?

NEX Exchange

Green Care Capital  – Investment Vehicle –Hemp, CBD and Medicinal Cannabis . Due 30 Dec. No capital raise.

 

Breakfast Buffet

Sareum Holdings* (SAR.L) 0.36p £11.1m

AGM Statement-

“2018-19 has been a year of mixed fortunes for the UK life sciences sector and Sareum has not been immune from its effects. Saying that, we have been successful in raising additional funds during the year against a generally difficult climate for financing listed companies in the sector.

These funds are being deployed to advance our proprietary TYK2/JAK1 projects through preclinical development and the Board is pleased to report significant progress has been made with these projects during the year. We also remain cautiously optimistic about the future development of our out-licensed Chk1 project SRA737 with Sierra Oncology, Inc (“Sierra”). This view is based on the encouraging preliminary clinical and preclinical results reported during the year, while recognising that Sierra has reprioritised its resources on the Phase 3 development of momelotinib and is seeking strategic solutions that will enable the further development of SRA737. “The Company continues to engage with potential partners with a view to securing commercial licences for all its products and programmes and we will, of course, keep shareholders updated in this regard as appropriate. “

 

Tekcapital (TEK.L) 5.25p £3.4m

 The UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that its wholly owned portfolio company Lucyd Ltd, the smartglass developer and operator of a global eShop for tech-enhanced eyewear, has filed five new patents and a trademark1 on its forthcoming line of Bluetooth® audio glasses.

The five patent filings cover the upcoming “Lucyd Loox” line of glasses, which will offer high-utility Bluetooth® features consistent with Lucyd eyewear, with a fashion-focused enhancement such as the ability for the wearer to rapidly and easily disconnect the front plate (the front of the eyeglass frame) from the electronic arms, to switch it with a different plate to change the style and/or lens functionality of the glasses with dramatically enhanced affordability.

Lucyd plans to produce new front plate shapes and patterns over time to accommodate a large range of personal styles, which will be significantly more cost effective than a full new pair of Bluetooth® glasses. For prescription wearers, new plates will also be available at a lower price than a full new frame, allowing customers to quickly switch between blue light blocking lenses, sunglass and other lenses according to their need.

 

Alien Metals (UFO.L) 0.19p £2.6m

Alien Confirms Confidence In Silver Resource At Elizabeth Hill Silver Project”.  Completion of the acquisition remains conditional on, amongst other matters, satisfactory mutual due diligence on the Project and Alien by the parties, required regulatory approvals and approval by KMG’s shareholders for the distribution .

Elizabeth Hill’s initial 1999 JORC Compliant Resource of 4.05 million ounce (“Moz”) silver at greater than 200 g/t silver: 46,800 tonnes grading 2,700 g/t silver (1.15 oz/t gold equivalent)(Ian Cowden, Iana Pty Ltd, Resource Estimate, Elizabeth Hill Silver Mine, November 1999). 1,170,000 ounces of silver mined between 1998 and 2000 at an average grade of 2,195 g/t silver (70.24 oz/t silver).

Unique mineralisation system which has produced Australia’s largest silver nugget weighing 180 kg (see Figure 1) and many other very large specimens of native silver

Silver resource also present in near surface material via standard open pit mining method above the existing underground workings

Independent reports suggest potential for further high grade material within the existing mine

Depth extension of high grade mineralisation below 100 metres (“m”) untested

 

Applied Graphene (AGM .L) 16.5p £8.2m

AGM Statement

We continue to work closely with the companies in our sales pipeline in order to secure new product launches.  We are pleased that James Briggs, Halfords, Alltimes and Blocksil have all launched new products containing our materials during the first four months of the current financial year and we look forward to seeing these products develop in the future.

 

The re-alignment process which commenced in October 2019 is now complete and the anticipated cost reductions have been achieved.  This was a very difficult period for all staff and we appreciate their support and understanding throughout the process.

We presented at IP Group’s Deep Tech Conference in Beijing, China during October 2019 and, as a result, the Group is actively pursuing an increased number of exciting opportunities in Asia.

Our intent remains to become a global graphene market leader and the Board believes that Applied Graphene Materials remains well placed to meet its ambitions.

 

Ariana Resources (AAU.L) 2.2p £23.3m

Recent resource drilling results obtained from the Kiziltepe Mine.

  • Recent exploration drilling to test for deeper extensions of Arzu South included 16m @ 3.04 g/t Au + 67 g/t Ag and 3m @ 6.25 g/t Au + 129 g/t Ag.

  • Top historical intercepts from three zones of drilling beyond the Arzu South open-pit include 20m @ 3.16 g/t Au + 31 g/t Ag, 8m @ 3.95 g/t Au + 79 g/t Ag and 9m @ 2.37 g/t Au + 126 g/t Ag.

  • Potential for secondary structures associated with Arzu South, in the hangingwall and footwall are highly probable: Arzu South Parallel is a specific example.

  • Revised resource estimates for Kiziltepe are due to be completed during Q1 2020.

 

Keywords Studios (KWS.L) 1408p £917m

Three acquisitions, in line with the Group’s strategy to be the ‘go to’ technical and creative services platform for the global video games industry.

Highlights:

  • Acquisition of Kantan adds cutting edge Machine Translation technology to the Group that will enable Keywords to provide a world leading machine learning localisation service
  • Acquisition of Ichi expands marketing services with branding expertise that is key to determining the success of a game
  • Acquisition of Syllabes adds a games and film/TV audio recording studio, completing the full suite of services provided out of Keywords’ Montreal services hub
  • The total consideration payable for the three business is 7m, £3.2m and CAD$475k respectively, or c.11.2m for combined last reported revenue of c.4.8m.

 

President Energy (PPC.L) 2.95p £33.5m

The upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, comments on recent share price activity.

President notes the recent decline in its share price being a nearly 35% reduction since 1  November 2019 alone , being the date of the last trading update issued by the Company.

There are no materially adverse changes in President’s trading, business or prospects since that time whether micro or macro. In fact there have been improvements in all key performance indicators. Since that time, inter alia, the receivable oil price has made positive progress and President has increased its production by acquisition of the Angostura asset.

 

Destiny Pharma (DEST.L) 41p £18m

The “clinical stage biotechnology company focused on the development of novel antimicrobial drugs that target clear commercial opportunities and also address the global problem of antimicrobial resistance (AMR), notes that new guidelines from the Asia Pacific Society for Infection Control (APSIC) for the prevention of surgical site infections have been published in the peer-reviewed journal, Antimicrobial Resistance and Infection Control. These guidelines underline the market potential of Destiny Pharma’s lead product XF-73 which is in Phase 2b clinical trials testing its ability to kill Staphylococcus aureus bacteria in the patient’s nose prior to surgery thereby reducing the potential for serious post-surgical bacterial infections including MRSA.”

 

Block Energy (BLOE.L) 4.8p £18.9m

 The exploration and production company focused on the Republic of Georgia is pleased to announce that well WR-38Z at the Company’s flagship West Rustavi field is flowing naturally following clean-up operations and is ready for production testing. The Company has also prepared nearby well WR-51 for the Field’s next horizontal sidetrack. Following a short period of swabbing, WR-38Z is flowing naturally. The Company has installed and commissioned new production test equipment sourced from North America and will now commence a multi-rate production test extending over several weeks.

 

Greatland Gold (GGP.L) 1.75p £63m

The precious and base metals exploration and development company, is pleased to announce that further results from diamond drilling at the Company’s 100% owned Firetower project in Tasmania, Australia confirm the presence of additional broad widths of shallow gold mineralisation. In addition, zinc and silver mineralisation has been intersected in the first drill hole at Firetower East.

o  13.5m at 2.00g/t Au from 14.5m (2019FTD008)

o  13.5m at 2.44g/t Au from 59.5m (2019FTD011)

o  38m at 1.12g/t Au from 11m (2019FTD013)

 

Head Chef:

Derren Nathan
0203 764 2344
derren.nathan@hybridan.com

*A corporate client of Hybridan LLP

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