Vox Markets Logo

Traders Cafe with Zak Mir: Bacanora, Botswana Diamonds, Bradda, Brandshield, Cellular Goods, Dukemount, Great Southern Copper, Oriole, Tirupati

06:45, 4th October 2021

A little director share buying is always good to rouse the troops, especially if those troops had bought the stock at higher levels. In the case of Cellular Goods (CBX) we heard that Alexis Abraham, Chief Executive, purchased two million ordinary shares in the Company at 7.75 pence each on 1 October 2021. The acquisition has increased his total holding in the UK-based provider of premium consumer products formulated with lab-made cannabinoids to 20.5 million shares, representing 4.1% of CBX.

Cybersecurity provider Brandshield Systems (BRSD) said it has entered into an agreement with Leumi Bank to provide a revolving MRR credit line facility of up to 8 million NIS (c. $2.5 million). The two-year New Debt Facility, which can be extended upon request, includes a competitive interest rate and no associated requisite equity instruments or warrants. Drawdown of the New Debt Facility will be used to support the group's growth.

Tirupati Graphite (TGR) has entered into a research collaboration agreement with the Department of Material Sciences and Engineering at Monash University, Victoria, Australia to develop commercial applications for a range of graphene products in raw and recycled polymer nanocomposites and dispersion. The research is focused on enhancing thermal, electrical, and mechanical properties of various polymers and preparation of dispersions for developing a range of commercial products.

North America-focused lithium development group, Bradda Head (BHL) said that as part of its development programme at its Arizonan sedimentary lithium assets, it has engaged drilling contractor Boart Longyear for a sonic drilling programme at the Company's Wikieup Project, starting in early Q4. Bradda is in the process of completing a drilling programme at its Burro Creek East asset where it has an inferred resource, with recent assay results demonstrating the potential for an increase in grade, tonnes and resource classification.

Celebrations may be in order for Great Southern Copper, which is focused on copper-gold exploration in Chile. It announced its intention to seek admission of its Ordinary Shares to trading on the main market of the London Stock Exchange. GSC has the option to acquire rights to 100% of two projects that are prospective for large porphyry copper-gold deposits in the underexplored coastal belt of Chile, a globally significant mining jurisdiction and the world’s largest copper producer.

It would appear that Bacanora Lithium (BCN) has managed to dodge a curve ball in terms of Mexican legislation. On 1 October 2021, the Mexican Government submitted to Congress a proposal for constitutional changes with the primary objective of strengthening the state electricity company. As part of these reforms future lithium concessions would be held by the state. The new reforms will not affect lithium licenses already granted to private companies provided exploration work had already commenced and all license requirements had been met. Bacanora’s view is that it has met these requirements including the commencement of early construction activities at the Sonora Lithium Project.

Long dated income specialist Dukemount Capital (DKE) stepped forward into the gas peaking space as previously flagged. It announced that HSKB Limited, in which it holds a 50% interest, has successfully completed the purchase of two special purpose companies. Each company contains an 11kV gas peaking facility, which are ready to build, with full planning permission and grid access. Dukemount is set to rollout further joint venture projects with a focus on gas peaking and battery storage facilities. It is therefore looking for further potential joint venture partners, for a potential pipeline up to 100MW reaching value of approximately £100m, well over the present market cap of £2m.

AIM-quoted exploration company focused on West Africa, Oriole Resources (ORR), updated on its interest in Thani Stratex Djibouti Limited, where the African Minerals Exploration & Development Fund III is managing and funding a multi-million-dollar exploration programme across a portfolio of low-sulphidation epithermal gold projects in the East African Rift Valley. The first and second tranches of the funding, totalling US$5 million, have been used to undertake drilling programmes at the Pandora, Assaleyta and Hesdaba projects. At Assaleyta, results for a further two diamond drill holes from TSD's Phase 2 exploration programme continue to demonstrate the significant potential at the project, with a best intersection of 38.10 metres grading 2.21 grammes per tonne gold from 126.60m downhole including 17.37m grading 3.59 g/t Au returned from the Porcupine Hill prospect.

Botswana Diamonds (BOD) said the Sunland Minerals' Prospecting Licences have been renewed close to the Ghaghoo diamond mine in the Kalahari of Botswana. Prospecting Licences PL232 and 235 of 2015 of Sunland Minerals Pty Ltd. The renewals are for a two-year period commencing October 1 2021. Recent aeromagnetic and surveys followed by targeted ground magnetic surveys and soil sampling have identified drill targets on the PLs.


Disclaimer & Declaration of Interest

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.