Core Vct I Share Discussion Threads

[noirua] 07/3/2023 10:06

Doubled holding again in QBT at 1.6p - takes average to 1.8p so not so far adrift with news due and selling seeming to have ended.
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Noirua - 17 Jan 2023 - 14:34:52 - 11990 of 12031 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
More than doubled holding in QBT Quantum Blockchain at just under 1.9p, the average is now around 2p paid - going for it and to hell with it.
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[the chairman elect] 07/3/2023 07:40

Post this a.m. excellent RNS from LSE:CYAN - Brokers Zeus have also this a.m. put out a comprehensive 28 page note on LSE:CYAN. They give a present value of the business of £105m (38p)

[noirua] 05/3/2023 23:36

Tulla Group

[the chairman elect] 03/3/2023 14:55

Beacon Energy / LSE:BCE

PrimaryBid Offer

-- Beacon Energy announces a retail offer via PrimaryBid;
-- The price will be determined at the close of the Placing;
-- Investors can access the PrimaryBid Offer by visiting www.primarybid.com and downloading the PrimaryBid mobile app;

-- Investors may also be able to take part through PrimaryBid's extensive network of retail brokers, wealth managers and investment platforms. Subscriptions through these partners can be made from tax efficient savings vehicles such as ISAs or SIPPs, as well as General Investment Accounts (GIAs);

-- The issue price for the Retail Shares will be equal to the Placing Price;
-- There is a minimum subscription of GBP500 per investor in the PrimaryBid Offer;
-- No commission is charged by PrimaryBid on applications to the PrimaryBid Offer.
PrimaryBid Offer

Beacon Energy ( AIM :BCE), the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects is pleased to announce, a conditional offer for subscription via PrimaryBid (the "PrimaryBid Offer") of new Ordinary Shares no par value each in the Company ("Retail Shares") . The Company also intends to conduct a placing of new Ordinary Shares (the "Placing Shares") (the "Placing") as announced on 16 December 2022. The price at which the Placing Shares are to be placed (the "Placing Price") will be determined at the close of the Placing. The issue price for the Retail Shares will be equal to the Placing Price. As announced by the Company on 16 December 2022, the Company has entered into a conditional share purchase agreement relating to the purchase of the entire issued and to be issued capital of Rhein Petroleum GmbH (the "Acquisition").

The PrimaryBid Offer is subject to shareholder approval at a General Meeting of the Company to be held on or around 24 March 2023 , the placing agreement in connection with the Placing having been entered into, become unconditional save for Admission (defined below) and not having been terminated prior to Admission. The PrimaryBid Offer and the Placing are further conditional on the new Ordinary Shares to be issued pursuant to the PrimaryBid Offer, the Placing being admitted to trading on AIM ("Admission") and completion of the Acquisition ("Completion"), which shall occur concurrently with Admission. Admission is expected to be take place at 8.00 a.m. on or around 28 March 2023. The PrimaryBid Offer will not be completed without the Placing also being completed. The PrimaryBid Offer will be capped and will not exceed the public offer threshold detailed at Article 3(2) of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Following Completion, the Company will use the funds raised to finance the drilling, completion, tie-back and bringing into production the Schwarzbach-2 well and required working capital.

Reason for the PrimaryBid Offer

The Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the PrimaryBid Offer by applying through the PrimaryBid mobile app available on the Apple App Store and Google Play. Investors may also be able to subscribe to the PrimaryBid Offer using their ISAs, SIPP or GIA by contacting their retail broker, wealth manager or investment platform. PrimaryBid does not charge investors any commission for these services.

Brokers wishing to offer their customers access to the Retail Offer, and future PrimaryBid transactions, should contact [e-mail].

The PrimaryBid Offer, will be open to individual and institutional investors following the release of this announcement. The PrimaryBid Offer is expected to close at 4.30 p.m. on 7 March 2023 . The PrimaryBid Offer may close early if it is oversubscribed.

The Company reserves the right to scale back any order at its discretion. The Company and PrimaryBid reserve the right to reject any application for subscription under the Offer without giving any reason for such rejection.

No commission is charged to investors on applications to participate in the PrimaryBid Offer made through PrimaryBid. It is vital to note that once an application for Retail Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on PrimaryBid or the procedure for applications under the PrimaryBid Offer, visit www.PrimaryBid.com or email PrimaryBid at [e-mail].

The Retail Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company's existing Ordinary Shares.

[the chairman elect] 02/3/2023 16:30

STOCK WATCH

LSE:ROQ

[the chairman elect] 02/3/2023 08:15

KAVANGO RESOURCES PLC //// LSE:KAV

Upgrade of B1 Conductor

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an operational update for its Kalahari Suture Zone North ("KSZ North") project.

STRATEGIC REVIEW

- Kavango has prioritized the cluster of three identified "B Conductors" (>>> announced 11 July 2022) on the KSZ North Project for drill testing.

- The B1 Conductor ("B1") was recently remodelled with a conductance of 28,700 Siemens using Downhole Electromagnetic ("DHEM") survey data. This is well into the range accepted by nickel-copper specialised geophysicists for pyrrhotite bearing massive sulphides.

- New Controlled Source AudioMagnetotelluric ("CSAMT") data suggests that B1 lies at a lithological boundary in Karoo sediments within mudstones and gabbro sills. Kavango believes these gabbro intrusive sills could host massive sulphides if sulphur saturation has occurred.

The B3 and B4 conductors ("B3" and "B4") have been modelled at 4,100 and 2,760 Siemens respectively. These are also in the range of possible massive sulphides.

DRILLING PARAMETERS

- Kavango intends to drill test the B Conductors and the KSZ North geology host environment at the same time, along with the geochemistry of the gabbro intrusions at/near the conductors.

- On the suggestion of a senior external advisor, the Company will also test the chemistry of historically intersected coaly sediments to determine if they represent a viable sulphur source for the system. This was postulated by Holwell and Blanks in 2020, who endorsed the KSZ North program and proposed that Karoo intrusive gabbros could undergo sulphur saturation to form massive sulphide deposits.

- Kavango believes that drilling the B Conductors could validate its entire KSZ North exploration program.

Jeremy S. Brett, Executive Director at Kavango Resources and Senior Geophysical Consultant through Jeremy S. Brett International Consulting Ltd , commented:

"The B1, B3 and B4 cluster of conductors is significant and drill ready. The high conductance of the B1 conductor modelled from the Downhole Electromagnetic data is considered by nickel-copper geophysicists to be typical of massive sulphides with pyrrhotite, which in turn can be associated with nickel mineralization. Conductance is one of the most powerful discrimination factors in nickel copper exploration.

I feel that most exploration companies exploring for nickel and copper would want a target with a conductance as high as the B1 conductor. These are also critical targets to the entire KSZ project.

Success in drilling these could confirm the presence of not only massive sulphides, but also confirm the ore deposit model proposed by Kavango and our senior advisors. This would open up the rest of the KSZ Project for intense exploration using more Time Domain Electromagnetics. The only one remaining step is to drill and find out the cause of these conductors."

Further details

Kavango considers the KSZ North to be an advanced and high potential exploration project. The B Conductors are located at the north edge of the Great Red Spot intrusive, which was probably structurally favourable for intrusive Karoo gabbro feeders and sills that could have undergone sulphur saturation and sulphide immiscibility (per Holwell and Blanks, 2020). The Great Red Spot itself sits at the nexus of seven regional scale structures. This context is viewed as a prime location for potential ore deposits (q.v. Graham Begg, 2010).

Kavango identified B1 from Surface Time Domain Electromagnetic ("TDEM") surveying and drill tested it in early 2022 with hole KSZDD002 ( announced >>> 28 February 2022 ). Downhole Electromagnetics ("DHEM") showed that the hole had narrowly missed the conductor and that it remained untested. This is not uncommon in nickel/copper exploration.

Surface TDEM surveys were expanded in 2022 to cover the B1 conductor area thoroughly for improved resolution. The new data allowed the B1 conductor to be remodelled by a leading TDEM specialist in Australia at 12,840 Siemens, which itself is well into a range for massive sulphides.

The DHEM data for B1 was also remodelled, resulting in a higher resolution on the conductor geometry and a higher conductance of 28,700 Siemens. Conductances of this magnitude are possible to resolve using DHEM since the EM sensor is closer to the causative body than with surface TDEM. Kavango is now confident that it can intersect the B1 target via drilling.

Kavango believes that B1's conductivity could result from the presence of pyrrhotite content. Pyrrhotite is very highly conductive and often associated with the nickel-bearing mineral pentlandite in nickel/copper/platinum group element massive sulphide bodies.

Following remodelling, the new model plate for B1 now has a more discrete dimension of 255 x 440 metres using Surface TDEM, and 150 x 475 metres using DHEM data. These conform to a typical size range for massive sulphide bodies.

Kavango recently calculated the probable conductive responses of geological features other than potential massive sulphides in the Karoo in the B Conductor area, using physical properties collected from Kavango drill core. These included fossiliferous saline aquifers, coal, and coaly sediments. All calculations fell short of the range for massive sulphide bodies, this is a positive pre-drilling indicator, suggesting a low probability of these formational conductors being responsible for the B Conductors.

Under Kavango's target ranking system in the KSZ, B1 represents a high priority drill target that should be drill tested using 2 holes plus DHEM.

While testing B1 with "out of loop surveys" for improved insight into its geometry, Kavango identified two new conductors that it named B3 and B4.

Kavango has modelled B3 and B4 at 4,100 and 2,760 Siemens respectively, and as much larger spatially than B1. Kavango has upgraded them as priority drill targets due to their proximity to B1. The Company believes they could be larger but thinner massive sulphides zones at the bases of gabbro intrusive sills. These targets will require a minimum of one hole each plus DHEM for future guidance.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

[the chairman elect] 01/3/2023 15:40

Thanks Noirua reference post 12046 above with regards to Tulla Resources / ASX:TUL

[noirua] 01/3/2023 14:59

Tulla Resources - Further Extension of Constance Iron Limited Cut-Off Date
28 February 2023

[noirua] 01/3/2023 14:36

I'm back into BLU having bought 1m shares in the last few days - out since August last year. Will have to catch up with everything that has happened seemingly very slowly though Pendulum has quite a list of things to do going forward in the next year or so.

Tony Fabrizi -

Doubled holding this afternoon.

Forgot I bought back in at 0.17p in September last but sold not that long after. An error it has turned out but hopefully at least OK this time out.

[the chairman elect] 01/3/2023 09:30

Britain is on a doomed path towards double taxation

The tax changes coming in this April and how to cut your bill



The start of spring heralds the end of the tax year. With April 5 fast approaching, now is the time to complete your year-end tax planning. For those of us trying to save for the future, this year is particularly important because we are sadly being dragged back to bad old days of double taxation.

What is changing?

On April 6 the capital gains tax annual allowance will fall from £12,300 to £6,000, and then again to £3,000 from April 2024. On top of this the dividend allowance will be cut from £2,000 to £1,000 and then to £500 next year.

Dividend tax rates will remain at 8.75pc for basic-rate taxpayers, 33.75pc for those on the higher rate and 39.35pc for additional-rate payers.

What's more, for higher earners the additional rate income tax threshold will fall from £150,000 to £125,140. Fortunately the National Insurance rate will not be rising thanks to a U-turn on the "Health and Social Care Levy", a welcome respite from the NI muddle this year.

The return of double tax

With these cuts, we are virtually back to double taxation on stock market investments. This is because company profits are charged corporation tax, followed by income tax on any dividends paid. This was the case before 1972, but the imputation system then introduced gave dividends a basic rate tax credit.

However, following Gordon Brown’s infamous raid on pension funds in 1997 and endless tinkering by subsequent chancellors we are almost back to square one.

By next year, those with a share portfolio of over £15,000 could be affected.

The dividend tax raid is estimated to catch more than three million investors from April, with more than a million hit the year after. In the last three years the state's annual dividend tax haul has grown by almost a quarter to £14.4bn.

Profits taxed on shares and property typically include both real and inflationary gains. For 26 years the inflation element was removed with indexation relief, but this ceased in 2008.

It follows that part of the taxable “gain” is a charge on the original capital invested. Since these investments are often made out of net income, it represents a degree of double taxation.

Until now the annual CGT exemption has helped alleviate this. However, it will soon fall to £3,000, the same amount as in 1980.

Adjusted for inflation the annual exemption should stand at more than £16,000 today. The cut will also significantly increase the number of us who have to pay CGT and submit self-assessment returns. The profits tax already raises about £16bn a year and it will now be increased by a further £400m.

How to cut your bill

Clearly it makes it all the more important to take full advantage of your annual £20,000 Isa allowance. Many people do this at the end of the tax year before it is lost. But if you can afford it, an investment at the start of the tax year gives an extra year of tax-free returns.

Secondly, if you are married or in a civil partnership it makes sense to split your investments in a way which utilises what remains of the exemptions. Transfers can be made between partners free of CGT.

Consider selling shares or unit trusts before April 6 to use up the current £12,300 exemption, before it is lost. Tax savings are forfeit if you buy them back within 30 days, but there is nothing to stop your spouse buying them back to get around this rule – as long as this is via a market trade, rather than as a direct transfer.

For a property investment, consider transferring a portion to your children, possibly using a simple declaration of trust to use up your remaining CGT exemption.

The lower dividend and CGT allowances increase the relative advantages of single premium insurance policies, usual referred to as investment bonds. They effectively suffer basic rate tax within the policy but you can then withdraw up to 5pc a year on a cumulative basis without tax applying.

The payments are treated as a withdrawal of the original capital. If you realise the bond after 20 years you may then be charged higher-rate tax on the overall profit.

However, this is calculated in a way that means the gain may all be covered by the basic-rate credit. In addition, bonds can be assigned, so you could arrange for your spouse of civil partner to make the gain if that is more advantageous.

If you are concerned that this might upset HMRC, fear not. When Nigel Lawson introduced independent taxation he did so with the words: “It is inevitable, but acceptable, that couples will transfer assets between themselves to save tax.”

M W

ex GT

[the chairman elect] 28/2/2023 07:50

United Oil and Gas / LSE:UOG



ASH-8 well update



United Oil & Gas PLC (AIM: "UOG"), the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to announce an update on the drilling of the ASH-8 development well ("ASH-8") in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.



Highlights

- 22 metres of net oil pay interpreted in the primary reservoir target

- Following completion and testing, ASH-8 is expected to be immediately brought onstream through the existing ASH facilities

ASH-8

The ASH-8 development well, which spud on 22 January 2023, reached total depth of 3,999 metres on 21 February, ahead of schedule and significantly under budget. The well has now been logged and is interpreted to have encountered 22 metres of net oil pay in the primary Alam El Bueib reservoir target, in line with pre-drill expectations. The well will be completed and tested in the coming days and can then be brought immediately onstream through the existing ASH facilities, adding additional production and revenue for United. United will provide a further update to the market once the well has been brought onstream and stabilised flow-rates have been established.

On completion, the ST-1 rig is planned to move to the ASD-3 location to drill the second development well in the 2023 drilling programme.



United Chief Executive Officer, Brian Larkin commented:

" We are pleased with the result from the ASH-8 well, which is in line with pre-drill expectations and provides a positive start to the 2023 drilling campaign. The well will now be tested before the rig is moved to the ASD-3 well location. Successful development wells on the ASH field can be quickly brought on stream through existing facilities, generating immediate production and revenue for the Company. We look forward to reporting on the initial stabilised flow-rates in due course, and to continuing our 2023 drilling programme with the ASD-3 development well."

[the chairman elect] 28/2/2023 07:41

KAVANGO RESOURCES / LSE:KAV

Strategy Update

Kavango Resources plc (LSE:KAV) ("Kavango"), the Southern Africa focussed metals exploration company, has completed its strategic review (the "Strategic Review"). The scope of the Strategic Review was to perform a detailed analysis of the Company's current projects, its operations in Botswana, its commodity focus, opportunities for regional expansion and outline the swiftest path to delivering a maiden economic resource.

The key outcomes of the Strategic Review include:

I. Botswana Exploration

Kavango's technical team will execute the Company's updated exploration plan in Botswana, with the support of external expert exploration geologists. Over 2023, Kavango will conduct focussed exploration on the Great Red Spot ("GRS") in the Kalahari Suture Zone ("KSZ"), which will include drilling the B Conductors. Kavango will also continue further fieldwork and drilling in the Kalahari Copper Belt ("KCB") across its Karakubis block and investigate the Iron Oxide Copper Gold (IOCG) model for the GRS and the precious metal potential at Ditau.

II. Botswana Project Financing

In parallel to the Botswana exploration plan, Kavango's commercial team will seek direct project funding to finance 2-year exploration programmes for the Company's KSZ, KCB and Ditau projects. Kavango has advanced all three projects to the point where direct finance will enable the Company to pursue much more extensive exploration. Expanded exploration programmes will include more widespread surveying (geophysical and geochemical), sharper targeting and extensive drilling. Kavango believes securing one or more project finance partners would significantly increase the chances of success in Botswana.

III. Portfolio Expansion

Kavango will seek to acquire prospective metal exploration projects, with the potential for near-term economic discoveries, in Southern Africa. Following completion of its strategic financing in Q4 2022, Kavango is well-positioned to take advantage of liquidity weakness in the global exploration sector. The Company has put together a skilled exploration team, built a strong regional presence in Botswana and identified a pipeline of possible acquisition targets. The Company has been evaluating a number of these opportunities and is at advanced stages of due diligence for two possible acquisitions.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"We have built a team at Kavango that is ready to make economic metal discoveries.

In the last four months, we've completed a major strategic financing at Kavango, strengthened our board, and significantly sharpened our technical capabilities. We've developed innovative methods for using modern surveying technologies and have recruited expert exploration geologists to guide our programmes.

It is vital that we now build on this strong foundation by delivering success in the field.

Today's strategic update describes how we intend to achieve this.

More detail will follow, as we look to deliver improved results over the course of 2023."

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

[the chairman elect] 24/2/2023 08:00

How does dividend tax work? What you will pay - and how to protect your wealth as a tax raid looms



Many investors rely on income from dividends. It can bring great returns, particularly if you keep reinvesting them in more shares.

A dividend is basically a reward for holding shares, paid out according to how much of a particular stock you hold.

This payout will be made at intervals chosen by the company, such as monthly, quarterly, bi-annually or annually, and you can choose to receive it in cash or reinvest it in more of the shares.

However, the Government inevitably wants its share of this wealth, and it has hacked back allowances and grabbed increasing amounts of dividend tax from investors in recent years.

The wealthiest investors and small business owners, who often choose to pay themselves via dividends, are clobbered most by dividend tax.

But the increasingly stingy regime means it is also taking an ever greater toll on lower-income individual shareholders holding investments outside Isas and pensions.

We look at the rules and how to protect yourself from dividend tax below.

How much is dividend tax?

The tax-free allowance for dividend income in the current tax year is £2,000, but Chancellor Jeremy Hunt announced in his Autumn Statement last year that it will be slashed to £1,000 this April, and then again to £500 from April 2024.

If your dividend income is higher than your personal allowance - which takes into account all your other taxable income too - plus your tax-free dividend allowance, you will pay dividend tax according to your income tax band.

Dividend tax rates are currently 8.75 per cent for basic rate taxpayers, 33.75 per cent for higher rate taxpayers and 39.35 per cent for additional rate taxpayers.

The rates were increased from 7.5 per cent, 32.5 per cent and 38.1 per cent from April 2021 onward.

As pointed out by financial experts at the time, because the 1.25 per cent rise was imposed across the board regardless of income tax bracket, this change fell more heavily on shareholders who were basic rate taxpayers.

Former Chancellor Kwasi Kwarteng announced in his ill-fated mini-Budget that the 1.25 per cent rate hike would be reversed from April 2023, but Hunt swiftly dropped that idea again last Autumn.

Turning to the dividend allowance, this was introduced at £5,000 but saw a drastic 60 per cent cut in 2018 and as noted above is about to be shredded to just £500 a year by spring 2024.

It is worth noting that the pre-April 2016 regime was more generous to lower income, or basic rate taxpayers, due to a 'notional tax credit' which effectively meant they paid zero dividend tax.

Meanwhile, under that old system, higher rate taxpayers only paid 25 per cent dividend tax.

The £5,000 allowance was initially brought in to compensate people for losing this valuable perk and was chiefly aimed at personal investors.

The Government explains more about dividend tax on its website, including how to pay it.

When you sell your shares, you might have to pay tax then too - read our guide to capital gains tax here.

How to protect yourself from dividend tax

Use up your Isa allowance of up to £20,000 a year by switching your investments into the tax-free wrapper of a stocks and shares Isa.

This can be done by selling your investments and buying them back in a process known as a Bed & Isa.

Couples can also transfer assets between them tax-free to make the most of this.

Financial experts suggest you might look at prioritising high dividend paying investments when deciding which to switch into your Isa.

However, if you keep growth stocks outside your Isa you need to consider capital gains tax as well. You might want to take professional advice on the best way to handle this.

A looming capital gains tax raid from 6 April will also slash the annual tax-free allowance from £12,300 to £6,000. Those who have built up substantial investment profits outside of an Isa may want to consider selling now to bank some profits while the larger capital gains tax allowance is still in place.

You can also invest more via your pension, where contributions are topped up by tax relief from the Government and your investments can grow tax-free. But in a pension your money is locked up until you are 55, rising to 57 in 2028, and any withdrawals beyond a 25 per cent tax-free lump sum are subject to income tax.

[purple11] 22/2/2023 22:38

great to see the thread is still being viewed quite strongly

[noirua] 22/2/2023 07:15

Buxton Resources closed up 47% down under. A forgotten share for so long has now been recognised. Closed at 25c with a target of $2.00. My profit on paper stands at 150%.

Graphite Bull 100% BUX, Gascoyne Region, Western Australia


I hope everyone on this thread jumped on board. The highest grade graphite find in Australia heads to become a major find.

[noirua] 21/2/2023 14:42

EK is still at work pushing for the fraternity to continue shorting of Darktrace DARK.
Last tiny paragraph. I have no interest in the DARK one but if there were many millions spare in my bank account my job would be to frustrate them accordingly.

[noirua] 20/2/2023 14:35

In early corporate news, Darktrace said it has called in Ernst & Young to perform a third-party review of its "financial processes". The cybersecurity firm believes the results will be favourable, as it defends itself against a short-seller attack.

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Hopefully DARK will recover though shorters appear to be led by EK. A strong force to overcome.

[kubera369] 20/2/2023 08:00

MILA RESOURCES breaking out now Was 3p at placing late last year Was also above 6p due to drilling Now for just over 1p Drilling news and resources update can come in at any time Mila resources will be moving up as drilling approaches Don't leave it too late

[the chairman elect] 20/2/2023 07:55

Tirupati Graphite / LSE:TGR - Production capacity reaches 30,000tpa with commissioning of new 18,000tpa facilities

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, announces that it has commenced production from the newly built 18,000 tons per annum flake graphite production facilities at its Sahamamy project in Madagascar. The Company has thus reached a globally significant 30,000 tpa flake graphite capacity and is progressing towards a steady state >80% production in the near term.

The Company also provides an update on the ongoing developments and operations at both of its flake graphite projects in Madagascar, and other corporate activities.

Sahamamy Project, Madagascar

· Construction, installation & commissioning of new facilities with a name plate capacity to produce 18,000 tons of flake graphite per annum has been completed and commercial production has commenced.

· The new facilities created include:

o new mining equipment fleet with a capacity to mine c.450,000 metric tons per annum ('tpa') run of mine graphite ore;

o two pre-concentrate plants each with 600 metric tons per day ('tpd') ore processing capacity aggregating to c.400,000 tpa ore processing capacity;

o a final concentrate plant with capacity to produce 18,000 tons flake graphite per annum matching the preconcentrate capacity;

o c.3 kilometre long slurry pumping system for transport of preconcentrate product from the preconcentrate units set up at the Sahasoa deposits to the final concentrate unit; and

o ancillary facilities including but not limited to stores, office, laboratory and residential facilities, processing plant water and tailing management facilities etc.

· The head grade feed to the preconcentrate plant was in the target range of 4 - 5% and the target product grade of >95% has been achieved.

· The mining and processing operations are fully commissioned and the Company will now ramp-up production and commercial sales.

· There have been no significant challenges in the commissioning of the new facilities and the operations are expected to reach the minimum stable output of 80% of name plate capacity by March 2023.

· The startup of these new facilities was delayed by three months owing to shipping delays and weather-related interruptions caused by cyclone Cheneso.

Vatomina Project, Madagascar

· The second preconcentrate unit has been seamlessly operating since the Company reported its commissioning and integration with the existing operations on 29 December 2022.

· Progress has been made in improving the average head grade at Vatomina by using the extension deposits of the currently operating pits.

· The Company is engaged to take steps to reach the name plate capacity of 12,000 tpa production by improving the head grade to an average of >3.5% from the current 2.5% range.

Cyclone Cheneso

· In the final months of 2022, the Company worked on strengthening its infrastructure before the onset of rainy season which ensured that there was minimal damage from the recent severe weather.

· In mid-January 2023, cyclone Cheneso hit Madagascar including the areas where the Company's projects are located.

· As a precaution, Tirupati temporarily scaled back operations at both its projects for a period of ten days to ensure safety of its personnel and assets.

· There were no injuries to the Company's personal and no damage to its property, plant and equipment.

· The infrastructure built by the Company across both its projects and the road connecting the two sustained no significant damage.

· Operations were scaled up to normal as water levels receded.

· The Company remains well prepared to mitigate the effects of any further adverse weather conditions.

Suni Resources SA

· The acquisition of Suni Resources SA from Battery Minerals Limited continues to progress to completion.

· The Mining License for Balama Central Project was issued to Suni Resources SA following the submission of a Bank Guarantee, and is valid until 23 July 2046.

· The payment of Capital Gains Tax has been facilitated by the Company and all regulatory conditions to completion have now been satisfied.

· The Company and Battery Minerals Limited are actively working and fully committed to completing the remaining procedural documentation and procedures to allow completion in the coming weeks.

Guidance of production

· In September 2022, the Company provided production guidance for the period October 2022 to March 2023 based on the assumption that the commissioning of the Sahamamy project would occur in November 2022.

· The start-up of the Sahamamy project was in effect delayed by three months owing to shipping delays and the recent cyclone which has led to a three-month deferral in guidance. As such, the new guidance is as follows:

Period

Vatomina (tons)

Sahamamy (tons)

Total (tons)

January to March 2023

1,700 - 1,900

800 - 1,000

2,500 - 2,900

April to June 2023

2,600 - 2,800

3,500 - 3,700

6,100 - 6,500

Shishir Poddar, Executive Chairman, said:

"The start of production at the new 18,000 tpa Sahamamy project is a significant milestone for us. This takes our production capacity to 30,000 tons of high-quality flake graphite cementing our position as a leader in the space. I want to thank the team on the ground for their efforts and particularly given the severe weather difficulties faced.

"The outlook for global graphite demand is overwhelmingly positive. As a key component in EV batteries, the continued growth of the electric vehicle industry, with sales exceeding 10 million in 2022, will drive the demand and price of graphite for the foreseeable future. Security of supply is critical to the growth of the EV industry. While we will remain focussed on bringing our projects to name plate capacity production in the immediate term, we will continue to grow to the 84,000 tpa production from our Madagascar projects and engage for furthering the development of the assets we are acquiring in Mozambique to seize opportunities the energy transition and green economy brings to us."

[the chairman elect] 20/2/2023 07:50

Roquefort Therapeutics / LSE:ROQ //// Randox Licence and Royalty Agreement //// Agreement helps validate and drive Midkine programs

Roquefort Therapeutics (LSE:ROQ, OTCQB:ROQAF), the Main Market listed biotech company focused on developing first in class medicines in the high value and high growth oncology market , is pleased to announce that it has signed an exclusive licence and royalty agreement, for the field of medical diagnostics only, with a leading international diagnostics company, Randox Laboratories Ltd ("Randox"), in relation to its Midkine antibody portfolio (the "Randox Licence Agreement").

In accordance with the terms of the Randox Licence Agreement, Roquefort Therapeutics has granted an exclusive worldwide licence (excluding Japan,) for a period of ten years to utilise its Midkine antibodies in the field of medical diagnostics. Randox and Roquefort Therapeutics will engage in collaborative research programs to identify new cancer diagnostics that will be treatable with the Company's Midkine therapeutics.

The commercial terms of the Randox Licencing Agreement remain confidential; however, Roquefort Therapeutics estimates that the total overall transaction value to the Company over the life of the agreement is in excess of £5 million.

The partnership with Randox focuses on medical diagnostics to detect the cancers that express Midkine, a heparin-binding protein which is highly expressed in cancer, prevents tumour cell death and promotes metastatic spread and resistance to treatment. This licence agreement validates Roquefort Therapeutics' strategy of targeting Midkine and, by partnering with a leading diagnostics company producing the diagnostics which are crucial for clinical trials, the Company can remain focused on developing first in class oncology medicines.

Detecting cancer early significantly enhances the survival chances of patients with the most common cancers. The Randox Licence Agreement is important for future cancer treatment because identifying the patients with cancers that express Midkine is highly synergistic with the development of first-in-class cancer medicines. These are the patients most likely to benefit from Midkine therapeutics (antibodies or oligonucleotides) and to be enrolled in pharmaceutical clinical trials, a key area of focus for Roquefort Therapeutics.

Ajan Reginald, CEO of Roquefort Therapeutics said: "This is highly complementary and synergistic partnership with the UK's leading diagnostics company, Randox which enables Roquefort Therapeutics to remain focused on developing first-in-class medicines, while Randox develops the Midkine cancer diagnostics that are essential for our clinical trials. Not only does the transaction highlight our robust IP position and strengthen our balance sheet it also reflects the high level of interest in our novel cancer pipeline and highlights the Company's rapid translation and deal-making capabilities."

Dr Peter FitzGerald CBE FREng DL, Managing Director of Randox said: "Randox are committed to the promotion of preventative healthcare through early, more accurate diagnosis and we are delighted to partner with Roquefort Therapeutics to utilise their Midkine antibodies in our comprehensive suite of diagnostic capabilities. Midkine is highly expressed in cancer, and by enabling earlier diagnosis of patients we can help improve both quality of life and the clinical outcome."

[the chairman elect] 20/2/2023 07:47

Kavango Resources / LSE:KAV //// KCB - Karakubis Project Update

Botswana focussed metals exploration company Kavango Resources plc (LSE:KAV) ("Kavango") is pleased to announce an exploration update concerning its Karakubis Copper Project ("Karakubis") in the Kalahari Copper Belt ("KCB"), near the Namibian border.

Formerly referred to as the Mamuno Project, Karakubis is adjacent to large landholdings held by Sandfire Resources (ASX:SFR) to the north and Rio Tinto (LSE:RIO) to the west. Karakubis is immediately along strike of the Ghanzi West project where ENRG Elements (ASX:EEL) has identified similar geological signatures to Sandfire's (ASX:SFR) Motheo Copper Mine.

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"Dave Catterall's influence over our Kalahari Copper Belt exploration programme has been instant and meaningful.

Successful exploration in the Belt is challenging. Kavango has a large land package and Dave's successful introduction has encouraged us to refocus our efforts on our prospective Karakubis project area.

It is particularly promising that CSAMT and AEM data we have gathered independently appears to align with Dave's regional geological interpretation. Historically, Kavango has dedicated more energy to other of its prospecting licences. While we will continue to advance work on these (PLs 082 and 036 in particular), Karakubis is now our main centre of attention.

We now recognise that the Karakubis licences represent our greatest opportunity for the near-term detection of a metal bearing alteration system."

[the chairman elect] 17/2/2023 07:55

Pod Point Group Holdings PLC (Symbol: PODP)

Preliminary unaudited results for the year ended 31 December 2022

"Steady growth and delivery, through significant volatility"

Pod Point Group Holdings plc (the "Company") and its subsidiaries (the "Group"), one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions is pleased to announce its preliminary unaudited results for the year ended 31 December 2022

Group Highlights

· Continued revenue growth to £71.4m, up by 16% on 2021, ahead of Q4 guidance.

· By segment: Home revenue up 3%, Commercial revenue up 31%, Owned Asset revenue up 108% and Recurring revenue up 107%.

· Overall Gross Margin down from 27% to 23%, predominantly due to supply chain costs.

· Home Gross Margin 20%, Commercial Gross Margin 22%, Owned Asset Gross Margin 53%, Recurring Gross Margin 58%.

· Growth of communicating units to over 195k, up by 42% across all customers , strengthening the foundations of future recurring revenue.

· Adjusted EBITDA Loss £ 7.0m as anticipated, with continued investment in growth.

· Strong balance sheet with £74.1m cash, ahead of Q4 guidance, after planned investments in technology.

· Growth prospects for 2023 remain strong, with guidance for 2023 maintained.

Strategic and Operational Summary

· Significant growth in network usage, with electricity transferred across our network up 113% at 367 GWh, helping to avoid 278k tonnes of CO2e[1], up 118% on 2021.

· Key new customers won or renewed including BMW, Mini, JCB, Zenith, B&Q, and DHL.

· Excellent levels of customer service maintained with a 4.3 out of 5 rating on Trustpilot and a 4.7 out of 5 rating on reviews.io with a 91% recommendation rate .

· Home charge Average Basket Spend increased by 5% to £767 .

· Headline Home Market Penetration (2) down by 3% to 15%, with the conclusion of OZEV grant causing customers to pull forward home charge purchases resulting in an overweight 2021 penetration, increased consumer cost of home charge and vehicle delivery delays all contributing.

· Full year headline Home Market Penetration % expected to be modestly lower than 2022, with an improving trajectory as we move through the year.

· Added a dedicated sales team focused on the housebuilding sector to address expected growth opportunity.

· Owned asset sites increased to 564 with 1,254 charging points including 118 DC rapid units.

· Supply chain assurance delivered with the successful transition of our high volume products to Celestica with initial cost savings, as well as product supply maintained throughout 2022.

· Increase in Technology headcount from 65 to 134 to deliver product and platform innovation.

Erik Fairbairn, Chief Executive Officer of Pod Point, said:

This was an exciting year for Pod Point, as we completed our first full year as a listed company. We made excellent progress towards our goal of travel that doesn't damage the earth and continued to invest in scaling the business in preparation for the UK ban of internal combustion engines in 2030.'

Like many others, we were negatively impacted by a number of well-documented macro-economic and geopolitical events; however, I am extremely proud of the team's performance. We achieved a 16% growth in revenue, with the 31% growth in our commercial segment being the highlight. We shipped and installed 68,693 charge points, and ended the year with over 195,096 connected units on our network. We transferred 367 GWh of electricity across our network and as a result helped our customers avoid circa 278k tonnes of CO2e. I am very much looking forward to accelerating the business further as we head into 2023

[noirua] 16/2/2023 16:34

Noirua - 17 Jan 2023 - 14:34:52 - 11990 of 12031 TOP TRADERS THREAD for PROFESSIONALS ONLY!!!! - CR
More than doubled holding in QBT Quantum Blockchain at just under 1.9p, the average is now around 2p paid - going for it and to hell with it.
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Closed today up 19% at 1.725p. So a bit to go yet to get my money back.