RNS Hotlist: Alien, Audioboom, Botswana, Canadian, CentralNic, Critical, EQTEC, Genflow, Mila, Orosur, Pantheon, Premier, Rambler, Union Jack, Zoo

06:56, 25th April 2022

High flying Stephen Sanderson, Chief Executive Officer of UK Oil & Gas (UKOG), has informed the Company that he has purchased 865,800 shares in the Company as set out below. Following these purchases, Mr Sanderson 0.027 per cent. Traditionally, investors appreciate companies where management has “skin in the game.” On this occasion it would appear that at least part of a membrane has been bought.

Union Jack Oil (UJO) a UK focused onshore hydrocarbon production company, said that material landmark net revenues of US$5 million have been achieved from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.

Rambler Metals and Mining (RMM), a copper and gold producer, explorer and developer is pleased to provide an update to its 2022 underground diamond drill program at the Ming Copper-Gold Mine, Baie Verte, Newfoundland and Labrador, Canada. Rambler has drilled over 5,600 meters year to date in 2022.

Audioboom (BOOM), the podcast company where speculators are waiting on the M&A cavalry to arrive, announced its final audited results for the year ended 31 December 2021.  2021 revenue hit $60.3 million, up 125% on 2020 (US$26.8 million). Year-on-year growth outpaced the predicted wider industry average growth by 108%. Perhaps with the bumper results now released, interested parties may decide to make their move on the company?

Pantheon Resources (PANR), the AIM-quoted oil and gas company, provided a management resource upgrade on the Lower Basin Floor Fan at Theta West and an Oil in Place estimate on the Slope Fan System at Talitha. The upgrade in the LBFF at Theta West was to 17.8 billion barrels of oil in place, a 61% increase on previous estimates, and a recoverable resource of 1.78 billion barrels as a most likely case, a 48% increase on previous estimates.

Genflow (GENF) said that Eric Leire, the Company's Chief Executive Officer, will present an overview of the Company's pre-clinical research into gene therapies to target the aging process at the forthcoming Longevity Leaders World Congress, 26-27 April 2022. Mr Leire's presentation will focus on the potential of the Sirtuin-6 gene variant found in centenarians to boost the development of anti-aging therapies. The ability of SIRT6 to act on the rejuvenation of cells is a significant finding, with the potential to not just halt the aging process, but to reverse it. Hollywood films stars everywhere take note.

Canadian Overseas Petroleum (COPL), an international oil and gas exploration company,  published a new investor presentation via the Company's website at Investor Presentation (canoverseas.com).

Oxford Cannabinoid (OCTP), the pharmaceutical company, announced the formation of its Scientific Advisory Board. It will initially comprise Professor Robert Dworkin, Professor Anthony Dickenson, and Dr Giorgio Lambru, together a team of innovators and clinicians.

Premier African Minerals (PREM ), has signed a binding JV with Li3 Resources Inc., whereby Li3 Resources will acquire a 50% interest in Premier's hard-rock lithium assets located in the Mutare Greenstone Belt in Zimbabwe. Premier acquired these claims in June 2020. The assets are held by Premier's wholly-owned subsidiary LicoMex Private Limited.

CentralNic Group (CNIC), the global internet platform company, said that the positive trading momentum previously announced has continued and the Company's organic growth has further accelerated during the first quarter of 2022. CNIC expects to report revenue of c.USD 156 million and Adjusted EBITDA of c.USD 18 million for the three months ending 31 March 2022, implying year-on-year organic growth for the trailing twelve months ending 31 March 2022 of c.51%.

Hummingbird Resources (HUM) provided an operational update for the first quarter of 2022. The company maintained its 2022 guidance of 87,000 - 97,000 oz of gold, with an AISC of $1,300 - $1,450 per oz of gold with forecast improving trends in production and AISC.

Mila Resources (MILA), the post-discovery gold exploration “accelerator”, announced assay results returned from the Company's 2022 diamond drilling programme at the Kathleen Valley Gold Project in Western Australia.  The company said assays for first five of the 11 diamond core holes have been received, delivering exceptional results.

Alien Metals (UFO), a global minerals exploration and development company, reported the final assay results from the inaugural drilling programme at the Elizabeth Hill Silver Project in the Pilbara Region of Western Australia. The company said the final assay results provide further confirmation of the exceptionally high-grade tenor of the silver mineralisation at Elizabeth Hill, with additional excellent intersections within the historic orebody.

ZOO Digital Group (ZOO), the provider of media services, provided a pre-close trading update for the financial year ending 31 March 2022 in advance of full year results expected to be announced on 6 July 2022. Following the announcement on 22 March 2022, where revenue was forecast to be at least $65 million and EBITDA at least $6.5 million, the group today further upgraded its expectations for the year ended 31 March 2022. Revenue for the full year is now expected to be approximately $70 million (FY21: $39.5 million).

Lexington Gold (LEX), the gold exploration and development company, has entered into unsecured convertible loan agreements with respect to borrowing, in aggregate, £335,000 principal amount, predominantly with certain long term significant shareholders and Company Directors. The Facility provides additional working capital and financial flexibility, following the recent completion of the Company's 5,000m drilling campaign.

Critical Metals (CRTM), an investment company, presented its interim results for the six-month period ended 31 December 2021. The company said it is working towards completion of the Molulu Project Acquisition and readmission of the enlarged group to the Standard List of the London Stock Exchange.

Orosur Mining (OMI) updated on the progress of the drilling campaign underway at the Company's Anzá project in Colombia. Drilling recommenced at Anzá in October 2020, and since that time, 35 holes (MAP-072 to MAP-105) have been drilled at the central APTA project for a total of 15,195 metres.

Vector Capital (VCAP), a commercial lending group, announced its final results for the year ended 31 December 2021. It unveiled Loan book growth of 27.2% to £46.3m (FY20: £36.4m) and Revenue growth of 22.0% to £5.3m (FY20: £4.3m).

Botswana Diamonds (BOD), the London AIM and BSE listed diamond explorer,  announced the results of a conceptual open pit mine optimisation evaluation on the River Blow on its Thorny River property in South Africa. The company said analysis of the River Blow and its extension indicates potential open pit options. Assuming mid-range diamond values of $170/ct, mid-range mining costs, a discount rate of 10%, a recovered grade of 40cpht and 1.7M tons of kimberlite mined indicates that a mine is likely to be commercial.

EQTEC (EQT), a technology innovation company, announced its audited results for the year ended 31 December 2021. The company delivered c. €9.2m revenue, 410% of c. €2.2m revenue in previous year. There was a reduction in EBTIDA loss with an increase in net assets.


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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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