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React Group – further cash generation and growth potential, but...

Specialist cleaning and soft facilities management services group React (REAT) was a now equivalent of 70p share price recommendation earlier this year.

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ProBiotix Health and OptiBiotix Health – time for a mature negotiation which looks possible ex-OptiBiotix Chairman Neil Davidson

ProBiotix Health (AQSE - PBX) has issued a circular for a General Meeting requisitioned on behalf of shareholder Seneca Partners to seek to remove CEO Steen Andersen and Frederik Bruhn-Petersen as directors – and which ProBiotix argues follows ‘consultation’ with OptiBiotix Health (OPTI) acting in breach of contractual obligations.

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Anglo Asian Mining – “Q3 2024 Production and Operations Review” positive, but...

Metals producer from Azerbaijan, Anglo Asian Mining (AAZ) recently issued a third quarter update emphasising that “this quarter has been a turning point for the company as we move towards fully restarting production after a year of partial shutdown… Despite only limited agitation leaching production in September, our doré production increased in the month to 1,369 ounces from 824 ounces in August… remains on schedule to restart its flotation processing in November 2024 with first production from the Gilar mine in December… maintains its full year 2024 production guidance of 15,000 to 19,500 GEOs”. With it also emphasising benefit from the recent increases in the gold price, the shares have risen to 112.5p.

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Anglo Asian Mining – Gedabek agitation leaching resumes normal production, flotation processing next from this winning share tip

Anglo Asian Mining (AAZ) has issued an announcement commencing that it “is pleased to announce that agitation leaching has now resumed normal production at Gedabek” in Azerbaijan. What’s the significance of this, with the shares up to 95p in response?

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Character Group – full-year trading recovery “in line with current market expectations”, Buy

Designer, developer and international distributor of toys, games and giftware Character Group (CCT) has issued a trading update including that it “expects its adjusted profit before tax for the financial year ended 31 August 2024 to be in line with current market expectations” and that “initial sales of products for the Christmas '24 season are showing encouraging signs”. So, how encouraging are those from a 280p share price?

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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.