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Touchstar – after interims, now again a Buy?

Mobile data computing and managed services company Touchstar (TST) recently announced half-year results including “the results are below H1 2023… pre-tax profits fell by 17.3% to £254,000”. However, we concur that the company “has demonstrated a high quality of earnings, a proven record of good growth and strong cash generation” – and consider there is now good reason to believe those will be realised from a 110p offer share price.

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Zotefoams – a continuing progress, but lower share price, Buy

Writing earlier this year on cellular materials technology company Zotefoams (ZTF), we considered there clear further upside potential including from accelerating and de-risking its proprietary technology, ‘ReZorce’ – with this substrate being developed for fully recyclable beverage cartons then being produced and quality and compliance testing procedures being initiated. However, a then more than 42% less than four months gain saw us take profits at a 524p bid price. Since then, the company’s first half of 2024 results have emphasised “preparing for market trial of 150,000 sterile juice cartons in Western Europe. Exploring strategic investment partnership during H2 2024 to facilitate the scale-up and delivery of the ReZorce solution globally” and “continued progress, with the benefits of our diverse market profile providing both stability and opportunities to unlock growth in a mixed economic backdrop”…yet the shares have fallen well below 450p. Here’s why we consider they can exceed the 570p they did in June, again.

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Ariana Resources – interims, an “emergence of Ariana v2.0” Buy

Ariana Resources (AAU) has announced its results for the first half of 2024, marking “the emergence of Ariana v2.0, representing a marked upgrade… stand to do exceptionally well in the coming months and years as gold continues to strengthen”. That is with shares in the company still currently at a relatively depressed just over 2p.

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Bluebird Mining Ventures: interims and funding news, ahead of further projects updates Buy – Tom has

Bluebird Mining Ventures (BMV) has announced results for the first half of 2024, including emphasising that it now “has c.US$9 million committed to develop its projects, which have an estimated cumulative 1.8Moz Au and is on a free carry structure”, as well as new funding and comparing to a current 0.925p share price, £6.6 million market cap.

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Kefi Gold & Copper – interims, upcoming project financing catalyst to spark the shares

Kefi Gold & Copper (KEFI) has announced its first half of 2024 results, including emphasising that it remains on track with its flagship Tulu Kapi gold project in Ethiopia and “to finalise second bank credit approval, sign the definitive detailed financing agreements, drawdown the equity funding and then launch Major Works - all targeted within Q4”. We suggest that means significant upside potential from a current 0.60p offer price, below £37 million market cap, before even considering continuing Saudi Arabia joint venture progress.

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Kefi Gold and Copper – “Tulu Kapi Operational Update”, a “remain on track” STRONG BUY

Kefi Gold & Copper (KEFI) states that it “is pleased to provide a short operational update encompassing the recent activities with respect to the company's Tulu Kapi gold project” in Ethiopia. What of the update though, with the shares currently responding slightly lower to 0.615p?

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Anpario – interims show trading recovery, but take less than 6 months more than 30% profits?

Animal feed additives manufacturer Anpario (ANP) has announced its results for the first half of 2024 and a “strong start to the second half of the year with an acceleration in sales and volume growth. Recovery in volumes expected to continue in H2 which should lead to further improvement in profitability”. How good is the detail with the shares now up to 312.5p in response?

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Golden Prospect Precious Metals – interims, a gold momentum Buy

Precious metals sector companies investment trust Golden Prospect Precious Metals (GPM) has announced results for the first half of 2024, noting a 15.64% Net Asset Value total return per share to 41.42p and outperformance of the gold price (+c.13% in USD and GBP) and of the gold miners’ Exchange Traded Funds (+10.1% and +10.8% in GBP) – and that “having endured three years where gold miners lagged the gold price, this may be the first tentative step in returning to their traditional role, of outperforming precious metals prices on the upside”. There is therefore very strong near term upside potential from a 38p offer price for these shares.

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SDI Group – again a Buy?

Scientific and industrial products group SDI (SDI) was our October last year tip of the month and on which we banked a 20% little more than one week offer to bid gain as we noted the shares already not far off a 15x multiple of forecast forward earnings with they 114p to sell. There has since been challenges and change… and, as a result, we are now able to ride again from a 65p offer price.

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A small cap to gain 50%+ by Christmas considers HotStockRockets as the gold price moves up to $2,500+...

The gold price per ounce is now up to above $2,450 (now $2,500), yet most gold stocks remain unloved. Here that looks to also reflect small/mid cap stocks generally also remaining unloved but there is now increasing commentary of that general value opportunity and we consider there is extra opportunity with such gold stocks as the gold price trend suggests the $2,500 psychological barrier being topped bringing subsequent potential to drive real sector excitement. In such a sector environment, we consider the following to gain 50% or more from by Christmas.