(Alliance News) - AIM-listings Kazera Global PLC, Ironveld PLC and Eqtec PLC head a list of 'Conviction Buy' recommendations for 2022 published by Align Research Ltd on Wednesday.
Yorkshire-based Align is a research house that invests in the stocks that it recommends to 'align' its commentary with its own purse, calling this "transparent, 'eat your own cooking' research".
Align is the biggest shareholder in Kazera, an investor in diamond and tantalum mines in South Africa and Namibia. It has just under a 25% stake, according to Morningstar. Align said Kazera is being completely transformed under new management, with a focus on cash flow.
Ironveld is developing an iron, vanadium and titanium project at the Bushveld complex in Limpopo Province, South Africa. Align said the recent agreement by Grosvenor Resources Pty Ltd to invest a total of GBP8.0 million "is set to do wonders for the fortunes of Ironveld". The company is now fully funded to begin mining and ore processing before the end of 2022.
Align has a 7.1% stake in Ironveld.
Meanwhile, the research house thinks Eqtec is set to benefit from the global push to reduce carbon emissions. Eqtec's gasification technology turns industrial waste into green energy. It is a research client of Align.
Other top picks for Align in 2022 include Corcel PLC, a battery metals explorer, and Bluebird Merchant Ventures Ltd, which is bringing old gold mines in South Korea back into production.
By Tom Waite; thomaslwaite@alliancenews.com
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Bluebird Mer (BMV)
Eqtec (EQT)
Ironveld (IRON)
Corcel (CRCL)
Kazera Global (KZG)