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"TRADING UPDATES: Galliford signs LHC deal; Polarean turned down by FDA"

The POLX disappointment and fall today highlights the importance of BELL's FDA approval.

FDA approval is in effective a licence to sell in the US, the world's biggest health market.

BELL has it, and is already selling there, ahead of expectations.

This takes away a lot of the risk and uncertainty.

The market cap. is still very low for the potential.

It's crazy: buying in the placing at 10p, then selling about a week later for 8p.
A quick 20% loss, e.g £10K. becomes £8K.

No wonder some investors do do poorly.

In fairness, I have to say that KZG seems to be doing very well on an operational level, and is certainly making the best of the lack of strategic funding. KZG's CEO Larry Johnson seems very capable, and is indicative of Giles Clarke's ability to appoint the best people, e.g. as with Martin Eales as CEO here.

And KZG has done a very good job of mitigating the strategic funding delays disappointment with good news on an operational level.

All this is encouraging for IRON.

And my suspicion is that if IRON's intended South African strategic investor talks have reached an impasses, then IRON will have a positive backup to announce to the market.

I can only think that IRON haven't issued an update for so long because its not been in the best interests of the company to do so.

So, as frustrating as it is, all we can do is wait. I have also topped-up again recently at about the current s.p.

IRON's combined in-situ metals value somewhere in the region of $100 billion, plus all the other positives, make this the best value mining play that I am aware of.

Value of this magnitude should out in due course.

" ... GCAT released an operational update early, ... they post regular PR themselves and they're working with a reputable PR company to raise investor interest. ..."

Charlie,

How do you know that GROC aren't going to do those things?
Today is just the sixth trading days after its floatation, so it's still very early days.
And if so, the time to buy is is before they start.

Being in production like GCAT is a double-edged sword for a mining company, as mining problems are so common.
'Blue sky' exploration is also risky.
The safest stage is probably the stage in between: i.e. an already discovered resource,
GROC has a high-grade ilmenite resource, and is expected to shortly establish a maiden graphite resource.

Greenland is also a safer place to operate than Africa (like GCAT).

And the outlook for graphite looks more bullish than for gold (like GCAT) - we seem to have entered the early stages of a battery metals bull market.

GCAT's market cap. is also now about £24M., whereas GROC's is only about £9M., though they both raised about £5M. in their floatations.

Digby,

In terms of its aftermarket performance, this new issue is likely to be 'the next GCAT': that was another mining sector new issue raising about £5M. (at a penny) about a month ago: as often happens at floats, there was a brief initial dip while the initial selling was absorbed, and it then took off. Currently 1.575p, i.e. up 57.5% from the placing price in barely a month, despite initially having fallen to a discount to the placing price.

The world needs a lot more graphite, and GROC can help to provide it.
It's Amitsoq Graphite Project is on the coast of southern Greenland is very accessible, right on the coast, and close to a port and airport.
The latitude is similar to northern Scotland, and it's ideally positioned between America and Europe.
I would certainly prefer it to Uganda for e.g. where Blencowe Resources (BRES) has its graphite project.
Moreover, Amitsoq is an exceptionally high-grade flake graphite project.

It looks to me to be a quite exceptional opportunity, and with plenty of good newsflow in the offing I fully expect this to multibag in the medium term.

Like the best growth shares, this isn't going up in a straight line.

So 'accumulate on dips' seems like a good approach here.

"Greenland-focused Greenroc Mining IPOs on the AIM

MINING.COM Staff Writer | September 27, 2021 | 11:16 am Battery Metals Markets Europe Graphite Specialty Minerals

On Monday, the ordinary shares of GreenRoc Mining (AIM: GROC) started trading on London’s junior AIM platform. The explorer seeks to capitalize on the growing demand for critical minerals its stable of Greenland assets could produce.

The company was created to buy the spun-out assets of Alba Mineral Resources (AIM: ALBA).

GreenRoc raised £5.1 million ($6.9 million). It issued 111.2 million shares at 10p each, implying a market capitalization of £11.1 million ($15.2 million).

GreenRoc’s assets include the Thule Black Sands ilmenite project, the Amitsoq graphite project (considered one of the highest-grade graphitic carbon projects in the world), the Melville Bay iron project and the Inglefield multi-element project.

Of particular focus for GreenRoc are the graphite and titanium markets, which are designated as critical minerals by the EU and the US. Company data suggests demand for graphite increasing by 2,500% by 2040, driven by the electric vehicles sector.

Alba will retain a 54% shareholding in the company.

“With today’s IPO, we can offer investors an opportunity to gain exposure to a diversified mix of high-grade commodities designated as critical minerals by the EU and the USA, in a jurisdiction which is both strategically located for multiple end-markets and which remains supportive of sustainable resource development,” CEO Kirk Adams said in the company’s first day of trading report.

According to Adams, the objective is to fast-track exploration supported by the newly topped-up treasury, add value to its core assets, and move them towards development. He said management was “carefully” planning a 12-month work program at the priority Amitsoz graphite and Thule ilmenite projects.

There is significant interest in Greenland currently, given the success of Bluejay Mining (LON: JAY) and the fact Jeff Bezos and Bill Gates are backing minerals exploration in Greenland.

MINING.COM reported early in August that KoBold Metals, a start-up supported by Gates and Bezos, has partnered with Britain’s Bluejay Mining to explore for critical materials used in electric vehicles in Greenland."

https://www.mining.com/greenland-focused-greenroc-ipos-on-the-aim/

"London Stock Exchange welcomes GreenRoc Mining plc to AIM

Posted: 01 October 2021 Share this page

GreenRoc Mining plc (GROC), the Greenland-focused mining explorer, began trading on Tuesday 28 September on London Stock Exchange’s AIM. The IPO raised £5.1 million with a total market capitalisation of £11.1 million on Admission.

The Company is working to become a key supplier of critical, high-demand, high-value minerals to fast-growing end markets, benefitting from long-term structural drivers such as the energy transition. It has four diverse mineral projects within its portfolio including its flagship Amitsoq Graphite Project – a high grade flake graphite project in Southern Greenland. A drilling programme was completed in the summer of 2021 targeting a maiden Mineral Resource, with the results due to be announced in Q4 2021.

GreenRoc’s other assets located in north-west Greenland include: the Thule Black Sands Project – a high-grade ilmenite project where extensive drilling and an MRE has already been completed; the Melville Bay Iron project; and the Inglefield Multi-Element Project, which is prospecting for copper, gold, cobalt and nickel mineralisation.

The members of the Company's Board have deep expertise in mining and mine development, considerable knowledge of Greenland and the Greenlandic mining sector, as well as expertise in corporate finance, legal and regulatory issues, ecology and the environment. Led by CEO Kirk Adams who is a graduate of Camborne School of Mines, the board also includes George Frangeskides (Non-Executive Chairman), who has over 25 years in the mining, legal and corporate advisory sectors in Australia and the United Kingdom and was highly instrumental in assembling GreenRoc's portfolio of assets. The board also comprises Jim Wynn (Finance Director), an experienced finance professional and ex-CFO of Rainbow Rare Earths; Mark Austin (Non-Executive Director) who has significant management and operational experience in a career spanning four decades across a range of commodities and is Alba's Chief Operating Officer and Senior Geologist; Lars Brünner (Non-Executive Director) an Environmental Consultant for more than 30 years, and previous Arctic Mining and Environment, Business Development Leader for Golder Associates A/S; and Mark Rachovides (Non-Executive Director) who is President of the European Association of Mining Industries, Metal Ores & Industrial Minerals, the recognised representative of the European Metals and Minerals Industry.

GreenRoc’s core aim is to leverage its deep management experience in Greenland and emerge as a key supplier of high demand critical minerals to dynamic European, North American and international markets."

https://www.londonstockexchange.com/discover/news-and-insights/london-stock-exchange-welcomes-greenroc-mining-plc-aim

And a kitty should be happy to be faced with a fish ...

30th Sep 2021 7:00 am RNS WHM Acquisition-Completion of Cash Generative HMS
20th Sep 2021 7:00 am RNS Diamond Plant Update - Impact to Kazera Throughput
17th Sep 2021 1:25 pm RNS Exercise of Warrants
14th Sep 2021 7:00 am RNS Lithium and Feldspar Suitability Evaluation
7th Sep 2021 7:00 am RNS Exclusive Tantalum Off-Take Agreement
1st Sep 2021 7:00 am RNS Accelerating Tantalum Valley Operations

KZG has now had six RNSes in September, whereas IRON hasn't had one for months.

But neither of the 'big two' KZG needs have been delivered, i.e. strategic funding, and the HMS mining permit.
(These two may be linked.)

That's why KZG hasn't moved up much.

Hopefully IRON will do it the other way around: i.e. RNS a strategic funding package, with other developments following on from that.

Annie,

The fact that you were wondering 'has it bottomed?' shows that you are thinking of the chart: i.e. has the short term chart downtrend bottomed.

If not, you would just ask: 'Is this undervalued?'

So you ARE using chartism, but without apparently realising it ...

That said, charts are of course always going to be subservient to fundamentals.
But as Dave has noted, in the absence of news, we have little else to go on.

With regard to a point Steven made recently: I don't agree that deal negotiations dragging on is a bad sign. Of course negotiations can break down at any point, but in my experience protracted negotiations are a sign that the two sides are very close, but not quite there yet. Generally, I think that deal-abortion due to being a 'non-starter' is likely to happen earlier rather than later.

And I would urge the two sides to compromise, for the good of the planet, which needs this vanadium for its green revolution, and to help the economy of the democratic South Africa.

If each side accepts a deal it can live with, rather than the deal it wants, then you often find that the gap can be bridged.

15/07/2021 10:22 Alliance News Darktrace tips revenue climb amid surging cybersecurity demand LSE:DARK Darktrace Plc
15/07/2021 07:00 UK Regulatory (RNS & others) Darktrace PLC Pre-Open Trading Update LSE:DARK Darktrace Plc
" ... Darktrace demonstrated the resilience of its business model over the course of a universally challenging year. The Group ended FY 2021 with approximately 5,600 customers, having grown its customer base by 42% year-on-year.
The Group also delivered strong results in its constant currency Annualized Recurring Revenue (ARR). At its FY 2021 constant currency rates, Darktrace expects ARR at 30(th) June 2021 of at least $340 million, which represents year-over-year growth in constant currency ARR of at least 44%. Darktrace also reports that its one-year gross ARR churn and net ARR retention rate have remained in the range of recent reported periods.
Darktrace also expects revenue for FY 2021 of at least $278 million, reflecting year-over-year growth of at least 40%. It also expects that gross margin for FY 2021 has remained in the range of recent reported periods. ... "
https://uk.advfn.com/stock-market/london/darktrace-DARK/share-news/Darktrace-PLC-Pre-Open-Trading-Update/85590825

Draft,

The first thing to note is that OSI has very high recurring revenues, so it doesn't really have to re-'sell' most of its existing revenues for them to keep rolling in, year after year.

Secondly, I wouldn't really call a c. £5K. minimum price for a small contract (just ten devices) particularly low, especially considering OSI's small market cap., although I admit that it's all relative.
Many contracts will be much larger (e.g 5,000 devices), but even £5K. contracts add up, and with high annually recurring SAAS revenue (with 99% of customers renewing), a lot of the extra revenue would aid the company's move to profit.

DARK, with a market cap. of over £6 billion, had about 5,600 customers at the end of June, generating annualised recurring revenue of over US$340M.
That is about US$60K per customer: about £44K.

So it's done very well from having a very large number of customers, even though the average contract size isn't huge.

This also reduces risk, through not being over-reliant on fewer bigger customers.

Note also that DARK's market cap. equates to about a million pounds of market cap. for each customer.

And thirdly, OSI seems to be selling 'hand over fist' at the moment anyway!

So I don't see the 'problem'!

Following yesterday's STAR rise to 0.9p, here's some technical analysis for the stock from SwingTradeBot:

"Technical Analysis for STAR - Starcom Plc"

"STAR closed up 2.86 percent on Friday, September 17, 2021, on 1.37 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline."

"ADX Long Term Intermediate Term Short Term
Strong Up Up Up"

https://lse.swingtradebot.com/equities/STAR:LSE

Draft,

Last October OSI announced a contract for 5,000 endpoints (i.e. devices), compared to for e.g. contacts for 250 and 500 devices earlier in the year.

Contract fees aren't revealed, but OSI's Fast Protect ransomware protection for backup systems is currently £4,995 for 10 devices protected for 3 years (additional devices available as an option).
https://www.osirium.com/osirium-fast-protect

A contract for hundreds of times more devices than that would obviously be 'discounted' per device because of size, but still sounds like a big deal.

So the fact that OSI is now capable of winning such larger contracts could potentially help to bring about a step change in revenues.

OSI may also be increasingly seen as the 'go-to' specialist PAM provider for NHS trusts, judging from its contract wins over the last couple of years, and the company's statements.

15/10/2020 07:00 RNS Non-Regulatory Osirium Technologies PLC Contract win with leading healthcare provider LSE:OSI Osirium Technologies Plc
"Competitive contract win for PAM and PEM solutions with leading healthcare provider
Osirium Technologies plc (AIM: OSI.L), a leading vendor of cloud-based cybersecurity software, is pleased to announce a contract win with a leading provider of health services across the UK. The order was secured against competition from two other suppliers of Privileged Access Management ("PAM") technologies.
The new customer has made a multi-product purchase including Osirium's PAM solution and 5,000 endpoints of Osirium's Privileged Endpoint Management ("PEM") platform. This combination provides them a complete solution from protecting privileged user accounts through to protecting privileges at the end-point level. Osirium's Professional Services team will assist with the implementation and rollout of both products as part of the contract. ..."
https://uk.advfn.com/stock-market/london/osirium-technologies-OSI/share-news/Osirium-Technologies-PLC-Contract-win-with-leading/83462812

John Teeling, the experienced mining entrepreneur, relatively recently wrote that South Africa's fiscal regime and local ownership provisions have added some certainty to the business environment:

14/12/2020 07:00 UK Regulatory (RNS & others) Botswana Diamonds PLC Annual Results for the Year Ended 30 June 2020 LSE:BOD Botswana Diamonds Plc
"... Botswana Diamonds is a diamond development company focused on Southern Africa. To find diamonds you must go to the few areas in the world where they can be found. You must temper your choices with the political risk in countries where the diamonds may be, meaning rule of law and title, and with the logistical / environmental risks of some locations i.e. they are too remote, too challenged by climate and / or too costly to operate profitably.
Sub Saharan Africa has, we believe, a good mix of the above factors. Botswana, our primary focus is, without doubt, the best diamond address. Very prospective for diamonds, with low political risk, somewhat offset by the challenges of operating in the Kalahari Desert, which covers 93% of the country. Our second base of operations is South Africa. This choice is not obvious to everyone. For long the world's leading diamond producer, South Africa has fallen from a world ranked diamond producer as mines have run out and political risk has risen. Exploration has fallen yet, it remains a highly prospective area for diamonds and we believe that the fiscal regime and local ownership provisions have added some certainty to the business environment, so we began work there two years ago. ..."
https://uk.advfn.com/stock-market/london/botswana-diamonds-BOD/share-news/Botswana-Diamonds-PLC-Annual-Results-for-the-Year/83889713

For a factory, you have a choice of multiple locations to build it.

But for the best battery minerals deposits, you have to go where they are.

That's why Mick Davis's Vision Blue invested into Kazakhstan (Ferro-Alloy Resources) in March.

"MAY 29, 2017 5:24 PMUPDATED 4 YEARS AGO
Miners will be lured to Kazakhstan, despite the risks
By Clyde Russell"
https://www.reuters.com/article/us-column-russell-mining-kazakhstan-idUSKBN18P1PS

06/09/2021 07:00 UKREG Belluscura PLC Half-year Report

" ... Bob Rauker, Chief Executive Officer Belluscura, commented:

"I am extremely pleased to announce that the Group has achieved its target timeframe and distributed the first X-PLO(2) R(TM) units off the production line to customers on 3 September 2021.

"Initial demand for X-PLO(2) R(TM) has been strong. To date we have received orders that meet this year's forecast unit sales and expect to exceed the forecast in the coming months.

"Meanwhile the Group continues to work diligently on the completion of development and testing of our follow-on products, the X-PLO(2) R CX(TM) and the X-PLO(2) R DX (TM) .

"With the Research and Markets updated Portable Oxygen Concentrator Market research report now forecasting a compound annual growth rate ("CAGR") of 14.0% from 2019 to 2026, this is a very exciting time for Belluscura."

Adam Reynolds, Chairman of Belluscura, commented:

"I am delighted with the progress the team at Belluscura has achieved this year, particularly taking into account all the disruption caused by the pandemic.

"Receiving FDA 510(k) Clearance for the X-PLO(2) R(TM) was pivotal for the Group, followed by an oversubscribed placing and successful listing in May. To have brought the product to market so quickly is a tremendous achievement.

"The initial response from the market is hugely positive. With four distribution agreements signed to date and many more enquiries both from within the US and globally, we expect substantial growth over the coming years and the Board is confident of what the future holds for Belluscura." ..."

https://uk.advfn.com/stock-market/london/belluscura-BELL/share-news/Belluscura-PLC-Half-year-Report/85986337

The price movements on this share can be quite volatile, probably because it's relatively illiquid, perhaps combined with market makers fishing for stops, before rapidly reversing.

But even a fall from about 100p to about 90p is only about 10%, which is no big deal for penny share.
In June BELL fell from 56p to 49.5p at one point, which in percentage terms was more.

100p was a logical resistance level, with a retreat to about 90p very possible if 100p wasn't properly cleared, which is what has happened.

There's been a temporary break in the newsflow, and quite a lot of shares have been weak recently.

But the company looks very undervalued, with lots of exciting newsflow to look forward to, so I think that this is just a temporary break in the upward momentum.

OSI Technical Analysis from SwingTradeBot:

"Technical Analysis for OSI - Osirium Technologies Plc"

"ADX Long Term Intermediate Term Short Term
Strong Up Up Flat"

https://lse.swingtradebot.com/equities/OSI:LSE

Well then perhaps Foxhill you should look for a company with a rubbish product, that is being ****ged off by a major customer.
Maybe that would appeal to you more?!

Obviously it is the quality products that are more likely to sell, and such a prestigious and important award is a sign of such quality.

In addition, the award itself can generate more publicity and interest.

As regards STAR's past: that's why it's s.p. is down at this level, from an IPO price of 20p.

I'm more interested in the future.

18/06/2021 10:44 RNS Non-Regulatory Starcom PLC Lokies achieves first place in DHL Challenge LSE:STAR Starcom Plc
"Lokies Keyless Padlock achieves first place in DHL Smart Guard Innovation Challenge
Starcom is proud to announce that its Lokies Smart Keyless Padlock has won first place in the DHL Smart Guard Challenge.
The DHL Smart Guard Innovation Challenge is a technology product contest in the field of logistics security and was part of the DHL Logistics & Supply Chain summit which took place on 16 and 17 June 2021. For more information please see the event's website https://dhlsummit.on.expo-x.com/
This award is one of the highest recognitions that Lokies could achieve and the Board of Starcom believes it can be a stepping stone towards potential future cooperation with DHL and others.
Avi Hartmann, CEO of Starcom, said:
"As a technology company, it is always easy for us to fall in love with our products and our technology, to think that they are the best. To get recognition from industry leaders and clients reassured us that the path we have chosen with our products and technology is correct.
The way to the grand final wasn't easy - the Lokies smart lock had to impress DHL judges over the competing solutions for its unique access control and security solutions in a small and sophisticated package.
It is a great achievement to receive the appreciation of a leading player in the market like DHL." "
https://uk.advfn.com/stock-market/london/starcom-STAR/share-news/Starcom-PLC-Lokies-achieves-first-place-in-DHL-Cha/85394154

Foxhill,

DHL will have studies Lokies before awarding it first prize, not just pulled the winner out of a hat.

And DHL also pledged that the winner would work on some of their customer projects.

Also, have you not noticed STAR's multi million pound turnover?!