Traders Cafe with Zak Mir: Empire Metals, Greatland Gold, Love Hemp, Oilex, Tirupati Graphite
One of the big changes we have seen as far as the stock market in recent years is that progressively diminished influence of the mainstream press and the rise of social media as a driver of interest and liquidity. Indeed, it is difficult to remember in the near term when there has actually been a decent newspaper tip which has highlighted a stock, with the result being a successful re-rate. However, the Questor column in the Telegraph this week looks to have not only drawn attention to (TGR) new “Copper Killer” graphene – aluminium composite, momentum looks to be building in the shares on a daily basis. Tirupati now has a valuation of £100m plus after the latest 13% share price rise, with bulls of the stock looking for much more, once visibility on an inventory of the uses of the new composite becomes apparent.
Although it has been a rather long time in the making, those investors close to (EEE) will have been anticipating the latest news from the resource exploration and development company, if only on the basis that it would make a decent contribution to the company’s coffers at a key moment. Empire announced that it has completed the sale of its 50% holding in Georgian Copper & Gold JSC and the cash consideration totalling $3.3m. Empire said that with £3.1m in the kitty it has the means to generate shareholder value from its Eclipse and Central Menzies Gold Projects in Western Australia. Shares of Empire remained steady at 3.05p.
Staying with a company which can be regarded as not a million miles away from Empire Metals, either in terms of its focus or location, and it was the turn of (GGP) to step into the limelight. Here the driver from the precious and base metals exploration and development company, was an update on activities at the Havieron gold-copper project in the Paterson region of Western Australia. The latest results consist of seven new drill holes from the Growth Drilling programme. Greatland said that Newcrest has now completed a total of 164,420m of drilling from 190 holes to date, with all the latest holes continuing to intersect significant mineralisation.
There was also fundamental movement as far as India focused resources group (OEX). Here we heard that the conditional binding sale and purchase agreement to acquire GSPC's 55% participating interest in the Cambay Production Sharing Contract has now been executed by both parties. Oilex added that it is currently securing a bank guarantee for the US$2.2m consideration payable for the Acquisition, something which should be the final piece of a jigsaw in terms of a rather long running saga, at least in terms of the typical timeframe that most private investors are used to.
It has been a busy year to date for CBD and Hemp products supplier (LIFE), with news of funding, sponsorship deals, moves to the Official List, partnerships and record sales days. But at the end of the day a key determinant of success for a company is the team. The latest here is that it has been beefed up to a significant degree, with the appointment of James Martin as Chief Operating Officer, Anna Legge as Chief Communications Officer and Martin Healy as Chief Growth Officer. It will be worth noting over the near term what this trio bring to the Love Hemp party.
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.