Upstream Share Discussion Threads

[master rsi] 01/7/2025 14:53:26

DOW

Opening 143 points higher

[master rsi] 01/7/2025 13:37:24

ADVFN acquires trading platform operator Capital Markets Group

(Alliance News) - ADVFN PLC on Tuesday said it is acquiring Capital Markets Group Ltd, in a move to focus more on small cap investors.

The London-based investment services firm provides information on stocks, cryptocurrency, forex and commodity markets to private investors. London-based Capital Markets operates online trading platforms such as Stockhouse and HotCopper, which focus on Canada and Australia respectively.

ADVFN did not specify the price of the acquisition, but said Capital Markets had generated around USD6.1 million in revenue for the year ended June 30, with earnings before interest, tax, depreciation and amortisation of USD200,000 and a net loss of USSD510,000 at June 30.

The goal of the takeover is to support ADVFN's focus on small cap investors, following its exit from London's junior market back in May.

The company commented on the acquisition: "It not only expands our global footprint and monetisation opportunities but also enhances our collective value proposition to both issuers and investors. While we've already identified cost-saving opportunities, the real untapped potential lies in the significant revenue synergies between the two companies."

ADVFN added: "The Capital Markets Group's deep expertise in public company marketing perfectly complements ADVFN's strengths in subscription-driven data and investor tools."

Stockhouse and HotCopper represent a sizeable proportion of retail investors in their respective markets, ADVFN said. As of June 2025, Capital Markets recorded 315,128 users and 66 million trading sessions across both platforms. It generates most of its revenue through advertising and content partnerships.

ADVFN is yet to provide a timeline for the deal.

[pangrati] 01/7/2025 13:02:22

SP Angel . Morning View

Kavango Resources* (KAV LN) – Purebond commits $5m to fundraising associated with forthcoming listing on the Victoria Falls Stock Exchange in Zimbabwe

Kavango have exercised their option to acquire 100% of the Nara Gold Project in Zimbabwe.

Purebond Limited have committed to subscription of at least US$5m as part of the fundraise associated with the Company's forthcoming listing on the Victoria Falls Stock Exchange.

Nara is also in the Filabusi Greenstone Belt along from the four Hillside projects where management is targeting ore production of 250t per day over the next 12 months.

This could translate into an approximate $15-20m in gold sales assuming an average grade of 2.55g/t, depending on work schedules and recovery rates etc….

Royalty: 5% to the government of Zimbabwe.

Payment: 60% in US dollars, 40% in Zimbabwe dollars. Note there is a significant difference between the official and unofficial Zim dollar rate.

Costs: it is currently difficult to estimate the cost of gold mining at Bills Luck, Hillside though management state the operation should be cash flow positive shortly after commissioning.

Everjoy Ngomamiti was recently appointed as General Manager from Barrick Mining bringing much needed professional mining expertise into the group.

Video introducing Everjoy Ngomamiti:

*Two share price Angel Analysts recently visited Kavango’s Hillside mines and licenses in Zimbabwe. An share price Angel analyst holds shares in Kavango

[master rsi] 01/7/2025 12:27:46

How the UPS are performing during last month

[master rsi] 01/7/2025 12:11:37

How the UPS are performing today

[master rsi] 01/7/2025 11:32:01

GGP 325p -5p WHY LOWER RECENTLY?

IT ALWAYS HAPPENS when there is a placing/Open offer, and many MMS who buy shares do so for the sole reason of trading for a profit, so they sell once they get the shares.

However, they will soon run out of them, and as the Gold price has been rising strongly over the last couple of days, it will help in this process.

[master rsi] 01/7/2025 11:10:33

CLS Holdings sells German properites for EUR41.3 million to repay debt

(Alliance News) - CLS Holdings PLC on Tuesday reported the disposal of two properties in Germany, with the proceeds earmarked for debt repayment.

The London-based commercial property investment company said it completed the sale of Munich-based Techno Centre in Grafelfing Business Park, an 8,527 square metre, mixed-use office and industrial building.

CLS also noted the unconditional exchange for the sale of Hamburg-based Jarrrestrasse 8-10, a fully let 5,377 sqm office building. Completion for this transaction is expected in August.

Both properties no longer aligned with CLS's "forward looking strategy", it said, owing to their "limited asset management opportunities," with CLS noting that they were sold at a discount of around 10% below the valuations at December 31, and at an average net yield of 6.4%.

CLS said the sales totalled EUR41.3 million, will the proceeds earmarked for debt repayment. It added that its pro-forma loan to value ratio will drop to 47.0% at year-end from 50.7%, following the recent completion of the Spring Mews Student sale.

This ratio compares debt to the fair value of the company's property portfolio.

Back in March, CLS reported the sale of the student accommodation site in London for GBP101.1 million to real estate investment firm Rosethorn Capital Partners and asset manager Barings.

Shares in CLS were 1.0% higher at 70.78 pence on Tuesday morning in London.

[master rsi] 01/7/2025 10:00:20

UPS

GGP 325p ( 320 v 330 )

The stock has been holding on the low price and close to the placing/Open offer, not helped by the Gold price moving lower, But the Gold price is recovering since yesterday, and the company is due to a big profit due to that and the purchase of Havieron & Telfer, Paying the full offe 330p.
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INDICATORS

[master rsi] 01/7/2025 09:48:33

ARB 1.325p +0.375p Information regarding Growler

Further to its announcement on 30 June 2025 concerning a proposed restructuring, Argo Blockchain PLC (LSE: ARB, NASDAQ: ARBK) discloses the following information regarding its counterparty and lender, Grower Mining, LLC (n/k/a Growler Mining Tuscaloosa, LLC) ("Growler"):

Growler is a privately held company wholly owned by Stan Pate, a veteran entrepreneur with over 45 years of experience in commercial real estate, oil and gas, and emerging technologies. The company currently operates cryptocurrency mining facilities in Alabama and serves as a platform for Mr. Pate's broader investment and development initiatives. Growler is also actively exploring opportunities in the evolving AI infrastructure space, leveraging its existing digital capabilities to support the next generation of compute-intensive technologies.
June 30, 2025 - Argo Stock Crashes Over 60% Amid Bitcoin Mining Restructuring to Avert Insolvency
Bitcoin mining facility in Iowa
Shares of Argo Blockchain plunged more than 60% on Monday after the Bitcoin mining company unveiled a court-supervised restructuring plan in a last-ditch effort to avoid bankruptcy.

The London- and Nasdaq-listed miner said it has entered into an agreement with Growler Mining and will seek approval from a U.K. court to implement the proposed plan. If approved, the deal would eliminate existing shareholders and transfer majority ownership to Growler Mining, a mining firm based in Tuscaloosa, Alabama.

The move comes after months of worsening financial and operational strain for Argo, which first flagged “material uncertainty” about its ability to continue as a going concern in its 2024 annual report. On Monday, the company said its board now views a court-approved restructuring as a necessary alternative to “uncontrolled insolvency and liquidation.”

The proposal also underscores the mounting pressure on asset-light mining models in the wake of Bitcoin’s April halving and a prolonged hashprice squeeze. Argo’s looming collapse follows similar challenges faced by Bit Digital, which is now exiting its Bitcoin mining operations.

As part of the proposed restructuring, Growler would extend a $7.5 million senior secured loan to Argo to cover operations and professional costs during the process. The loan carries a minimum 10% interest rate and may be converted into equity if the plan is finalized. Growler has also committed to contributing $25–30 million in crypto assets to Argo’s U.S. subsidiary and to injecting additional “Exit Capital” to recapitalize the business and support ongoing funding needs.

In return, Growler is expected to receive at least 80% of the restructured company’s equity. Argo’s bondholders, who collectively hold around $40 million in claims, would be issued new common shares, while current shareholders would have their holdings canceled and replaced with only nominal compensation.

The proposal follows Argo’s unsuccessful attempts to raise capital earlier this year. In March, the company terminated a key equity-linked deal with GEM Mining just weeks after its announcement. A prior plan to raise $40 million through convertible debt also collapsed.

Compounding its financial troubles, Argo’s hosting agreement with Galaxy Digital—covering most of its mining fleet—was terminated at the end of 2024. Since then, the company has been relocating some of its Antminer S19j Pro machines to Merkle Standard while selling off the remainder.

Argo expects to file the restructuring plan with the court by August 29 and aims for it to take effect before November 30. The plan requires approval from 75% of its creditors and must be sanctioned by the High Court of England and Wales under the U.K. Companies Act.

The transaction will trigger a change-of-control under the U.K. Takeover Code, as Growler’s stake will exceed 30% of Argo’s voting shares. The company is seeking a waiver from the mandatory offer requirement, arguing that shareholders would not be worse off under the plan than in a liquidation.

In conjunction with the restructuring, Argo also announced the resignation of Chairman Matthew Shaw, effective June 27. He will be replaced by Maria Perrella, a current non-executive director. However, the company cautioned that there is no certainty the plan will proceed. Should it fail to gain creditor and court approval, Argo warned it would likely have to enter formal insolvency proceedings.

[master rsi] 01/7/2025 09:27:56

MARKET REPORT
LONDON MARKET OPEN: London green ahead of vote on Labour welfare cuts

(Alliance News) - London stocks opened in the green on Tuesday, as a vote looms on Labour's proposed welfare cuts and a data reading shows average UK house prices slipped in June.

The FTSE 100 index opened up 12.98 points, 0.2%, at 8,773.94. The FTSE 250 was up 48.46 points, 0.2%, at 21,674.72, and the AIM All-Share was up 3.55 points, 0.5%, at 774.20.

The Cboe UK 100 was slightly lower at 874.49, the Cboe UK 250 was up 0.2% at 19,191.60, and the Cboe Small Companies was marginally down at 17,558.70.

The average UK house price dipped by 0.8% month-on-month in June, according to an index. Across the UK, the typical property value in June was GBP271,619, Nationwide Building Society said.

The annual rate of house price growth slowed, to 2.1% in June, from 3.5% in May.

Robert Gardner, Nationwide's chief economist, said: "The softening in price growth may reflect weaker demand following the increase in stamp duty at the start of April.

"Nevertheless, we still expect activity to pick up as the summer progresses, despite ongoing economic uncertainties in the global economy, since underlying conditions for potential home buyers in the UK remain supportive."

Nationwide said its regional house price figures, which are produced quarterly, indicate that the majority of areas have seen a modest slowdown in annual house price growth.

Meanwhile, UK Prime Minister Keir Starmer continues to face the prospect of a major rebellion over his welfare cuts despite making concessions to disgruntled Labour MPs.

Ministers hope a partial U-turn will be enough to win over Labour rebels when MPs vote on welfare changes on Tuesday.

The concessions included protecting people claiming personal independence payment, Pip, from changes due to come into effect in November 2026, and rowing back plans to cut the health-related element of universal credit.

But backbench anger has continued to simmer, with a statement from Work & Pensions Secretary Liz Kendall laying out the concessions on Monday receiving a negative response.

Asked whether he was "confident" that the concessions had done enough to secure passage of the Universal Credit and Personal Independent Payment Bill, disabilities minister Stephen Timms would only tell Sky News: "I certainly hope it passes."

In European equities on Tuesday, the CAC 40 in Paris declined 0.2%, while the DAX 40 in Frankfurt fell 0.1%.

The pound was quoted higher at USD1.3754 early on Tuesday in London, compared to USD1.3701 at the equities close on Monday. The euro also stood higher, at USD1.1782 against USD1.1747. Against the yen, the dollar was trading lower at JPY143.25 compared to JPY144.31.

Mpac Group slid 28% at Tuesday's market open.

The high-speed packaging and automation solutions firm said revenue in the first six months of 2025 was in line with its expectations, despite growing headwinds from US tariffs.

Its closing order book for the Original Equipment unit on June 30 is anticipated at around GBP90.0 million, against GBP118.5 million at the end of December. This will provide "materially lower than anticipated cover for [second-half] revenue," Mpac said.

Mpac will close its facility in Cleveland, Ohio, and reduce capacity at its facility in Mississauga, Canada, to optimise its US cost base amid "current slower market conditions" in the region. No impact on customers is anticipated, though the restructuring will incur non-cash impairment charges of around GBP11.5 million.

Kitwave faded 27%.

The food wholesaler said pretax profit was GBP5.6 million for the six months that ended April 30, falling 19% from GBP6.9 million the year before. Revenue, on the other hand, grew 27% to GBP376.2 million from GBP297.0 million.

The decline was largely driven by distribution expenses increasing 42% to GBP39.6 million from GBP27.9 million and administrative expenses rising 33% to GBP35.4 million from GBP26.6 million. Kitwave declared an interim dividend of 4.00 pence per share, up 3.9% on-year from 3.85p.

Looking ahead, Kitwave said it no longer believes it will be able to offset the increases to employer national insurance, which will increase its costs during the second half and beyond.

The firm now expects to report adjusted operating profit between GBP38.0 million and GBP40.5 million for the year ending October 31. At best, this would be a 19% growth from GBP34.0 million in financial 2024.

At the other end, National Grid was among the FTSE 100's leading risers, up 1.8%.

The electricity and gas provider, alongside energy provider peer SSE, responded to Ofgem's approval of an initial GBP24 billion investment programme for the operation and maintenance of gas networks in Britain.

The investment in UK energy will rise to around four times the current spending levels, will allow for 80 transmission projects and all associated works across the country to be completed within five years, says Ofgem, as well as significantly increasing the grid's capacity.

SSEN Transmission, however, said "based on an initial assessment, Ofgem's draft determination does not go far enough to deliver the investible, financeable and ambitious framework required to unlock the unprecedented levels of investment needed to deliver lower and more stable bills".

The subsidiary of SSE adds that "the proposed incentive regime is at an early stage and therefore requires further development to give sufficient confidence this will be a balanced and investable package that incentivises strong performance and delivers for consumers".

National Grid said it is "pleased to see Ofgem continuing to recognise the need for significant levels of investment in networks", and continues to expect to invest around GBP60 billion over the five years to March 2029. National Grid will now review the draft determination to assess "whether it delivers an investable overall financial package".

SSE rose 1.1%.

In Asia on Tuesday, the Nikkei 225 index in Tokyo faded 1.2%, while in China, the Shanghai Composite improved 0.4%. The S&P/ASX 200 in Sydney closed slightly lower.

Financial markets in Hong Kong were closed for Special Administrative Region Establishment Day.

In the US on Monday, Wall Street ended in the green, with the Dow Jones Industrial Average 0.6% higher, the S&P 500 up 0.5% and the Nasdaq Composite also up 0.5%.

"There’s a clear mismatch between how markets are positioned and the risks that remain on the table," commented Swissquote analyst Ipek Ozkardeskaya.

"Trade tensions, geopolitical uncertainty, the ballooning US debt burden, the possibility that the Fed might not be able to cut rates, signs of economic slowdown, and even a potential re-acceleration in inflation—none of these risks have disappeared. They've simply been pushed aside, priced in and out over recent months, but they persist."

US senators were in a marathon session of amendment votes on Monday as Republicans sought to pass President Trump's flagship spending bill.

Senators are divided over provisions that would strip around USD1 trillion in subsidised health care from millions of the poorest Americans and add more than USD3.3 trillion to the nation's budget deficits over a decade.

Trump wants to have the package on his desk by the time Independence Day festivities begin on Friday, however, progress in the Senate slowed and continued into Tuesday morning as lawmakers proposed unlimited amendments in the so-called "vote-a-rama" session.

The yield on the US 10-year Treasury was quoted at 4.19%, narrowing from 4.27%. The yield on the US 30-year Treasury was quoted at 4.74%, narrowing from 4.82%.

Brent oil was quoted down at USD66.36 a barrel early in London on Tuesday from USD66.42 late Monday.

Gold was quoted higher at USD3,337.35 an ounce against USD3,286.04.

Still to come on Tuesday's economic calendar, a slew of manufacturing PMIs including releases in the UK, eurozone and US plus eurozone inflation figures

[master rsi] 01/7/2025 08:15:03

FTSE

On the up with 20 points

[pangrati] 01/7/2025 07:47:07

KAVANGO RESOURCES PLC / LSE:KAV



ZIM: Nara Option Exercise & $5m Subscription Commitment

Kavango Resources plc (LSE: KAV), the Southern Africa focused metals exploration and gold production Company, is pleased to announce it has exercised its option to acquire 100% of the Nara Gold Project ("Nara"), Zimbabwe.

To fund the Nara acquisition and provide working capital for development, Kavango has received a written commitment from Purebond Limited to subscribe for the equivalent of US$5million worth of new ordinary shares in the Company at 1p per share (the "Subscription"). The Subscription is expected to form part of the fundraise associated with the Company's forthcoming listing on the Victoria Falls Stock Exchange. Further updates will be provided shortly.

Kavango intends to release its technical and commercial appraisal of Nara in the coming month.

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

"Once we have completed the Nara acquisition, Kavango will own 100pc of two significant gold mining projects in the Filabusi Greenstone Belt. Both projects are fully permitted mining leases that are held in perpetuity by production. This puts Kavango in a strong position to generate free-cash flow over the long-term.

Thanks to Purebond's support, we have built our business through equity investment and have no debt. Our debt-to-equity ratio is zero and our hope is shareholders will enjoy good returns over the coming years.

At the Hillside Gold Project, we are working towards an initial production target of 250tonne per day. We aim to achieve this over the next 12 months. Now that we are about to add Nara to our portfolio, we can pursue an even more ambitious plan.

We look forward to providing further updates in the next month."

Nara Gold Project Option Agreement

Kavango entered the option to acquire Nara in June 2023 (announced >>> 26 June 2023). Full details of the option agreement to acquire Nara can be read HERE.

Kavango's Operations in Zimbabwe

Kavango is exploring for gold deposits in Zimbabwe that have the potential to be developed into commercial scale production quickly through modern mechanised mining and processing. The Company is targeting both open-pit and underground opportunities.

Kavango has two projects on the Filabusi greenstone belt, Hillside and Nara.

Kavango owns 100% of the Hillside Gold Project, having exercised its option in April 2024. Here, the Company has three high priority targets it aims to bring into production over the next 18 months: Bill's Luck (Prospect 1), Steenbok (Prospect 4) and Nightshift (Prospect 3). At Nightshift, Kavango is investigating the potential for a selective open-pit mining operation, followed by underground mechanised mining. Meanwhile, at Steenbok, Kavango is pursuing a high-grade mechanised underground mining opportunity. Kavango is currently analysing the latest drill data from Bill's Luck and will provide an update shortly.

In addition, Kavango owns 100% of the Nara Gold Project, having exercised its option in June 2025. Here, the Company is exploring for a large-scale, mechanisable underground gold deposit. The primary target zone is around the historic N1 mine, where the Company is assessing the potential to expand artisanal workings both at depth and along strike.

Click the following link to view a video, introducing Kavango's new General Manager for mining in Zimbabwe, Everjoy Ngomamiti >>> Here.

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.

[master rsi] 30/6/2025 22:09:30

UPS

SFOR 25.475p (25.30 v 25.65p )

Forecast breakeven date ha moved forward to 2026.

It has reached a low price with no volume and it looks like a double bottom of 2 months ago. Shares trade on a low PE 5.7x FY25. And brokers have a very high target. The last few days of risers has put the sock into UPtrend.
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INDICATORS

[master rsi] 30/6/2025 22:02:12

Next month UPS for JULY 2025 Click ....

....

[master rsi] 30/6/2025 21:31:54

Best performing shares ( UPS ) during JUNE


Share
Mid
Highest
% Change
Rank


EEE
10.90
30.50
179.82
1


HE1
0.835
1.030
23.35
2


SFOR
23.675
27.50
16.16
3


GGP
318.00
355.00
11.64
4


BOOM
362.50
402.50
11.03
5


LST
3.65
4.00
9.59
6


SBTX
18.75
19.00
1.33
7


Note: GGP was 1 x 20 split, so 15.90 x 20 = 318p

[master rsi] 30/6/2025 20:56:38

DOW

Finishing at the best of the day with 296 points higher

[master rsi] 30/6/2025 16:28:04

How the UPS are performing during last month