Proactive - Interviews for investors

Horizon Minerals Ltd (ASX:HRZ) CEO Grant Haywood sits down with Jonathan Jackson in the Proactive studio to discuss a binding ore sale agreement with Paddington Gold Pty Ltd, a subsidiary of Norton Gold Fields Ltd, for the processing of 1.4 million tonnes of ore from Horizon’s Boorara Gold Project. This ore will be treated at Paddington’s 3.8 million tonnes per annum capacity mill, approximately 56 kilometres from Boorara in Western Australia. The agreement covers a processing period of 22 months starting in the September 2024 quarter.

Under the terms of the agreement, Horizon will manage mining and transportation of the ore to Paddington’s mill. Payments will be made to Horizon within five days of ore delivery, amounting to 50% of gross revenue after deductions for estimated processing costs and royalties. The final revenue will be adjusted based on ore grade, moisture, and recovery rates after complete processing.

Haywood, highlighted the deal as an opportunity to leverage the high gold price for significant cashflow, aiding the company’s path to sustained gold production. Horizon is also progressing other projects, preparing for further near-term production, and progressing a merger with Greenstone Resources to expand production capabilities.

The company is working on restarting mining at the fully permitted Boorara Gold Project, last mined in 2020, and is finalising contracts for mining and haulage. Additionally, Horizon is finalising a toll milling contract with FMR Investments for the Cannon Gold Project and completing the reserve estimate for Boorara.

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Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) finance director Amanda Harsas visits Proactive’s virtual studio to announce the company has been approved to list on the Ghana Stock Exchange. While the listing date is yet to be disclosed, Harsas says the green light is a significant milestone in the company’s journey to operate Ghana’s first lithium mine.

The lithium stock, which is focused on its Ewoyaa Lithium Project in Ghana's Central Region, anticipates producing 365,000 tonnes of spodumene concentrate annually, positioning it among the largest spodumene mines globally.

Recently, the Ghanaian Minister of Lands and Natural Resources granted a mining lease for the project, facilitating its progression to commercial production. Additionally, the company welcomed a major investment from Ghana’s mineral sovereign wealth fund (MIIF), which acquired a significant stake through a US$5m share subscription. This investment is part of a broader US$32.9m funding commitment from MIIF, underscoring strong government support.

Harsas characterises the listing as part of Atlantic Lithium’s strategy to broaden its investor base and enhance visibility. It aims to foster wealth creation in Ghana, enhancing the economic impact on local communities and stakeholders. The company, operational in Ghana since 2016, has established itself as a significant local employer and taxpayer, with a fully Ghanaian in-country team.

The company expects to start construction at Ewoyaa in the second half of 2024 and reach full production capacity by 2026.

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Chesapeake Financial Shares Chairman and CEO Jeff Szyperski joined Steve Darling from Proactive to reveal impressive earnings for the first quarter of 2024, demonstrating a remarkable 303.9% increase from the fourth quarter of 2023. The company reported earnings of $2,749,988, with earnings per share reaching $0.583 fully diluted, compared to $0.192 for the previous quarter. These results reflect the company's efforts to fortify its balance sheet and enhance stability.

Syzperski highlighted the company's robust financial position, with total assets reaching $1,511,866,477 by the end of the quarter, representing a $40.8 million increase from year-end. Moreover, the company's nonperforming assets stood at 0.187% as of March 31, 2024, down from 0.255% in the fourth quarter of 2023.

The success can be attributed to Chesapeake Financial Shares' specialty lines of business, particularly Chesapeake Payment Systems and Flexent, which have consistently delivered strong noninterest income, bolstering the company's earnings. These segments have demonstrated resilience and contributed to the company's overall financial strength.

With a focus on sustaining this positive momentum, Chesapeake Financial Shares remains committed to delivering value to its shareholders and stakeholders while maintaining a solid financial foundation.

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Electric Guitar Plc CEO John Regan spoke to Proactive's Stephen Gunnion following the company's listing on London's AIM market following the reverse takeover of 3 radical.

Regan emphasized Electric Guitar's "buy and build" strategy, which involves acquiring complementary businesses to enhance their market position. Despite the challenging market conditions, the company managed to complete its IPO on AIM, a testament to its team's strength and compelling business proposition.

3radical specialises in collecting first-party data—a valuable asset in today's privacy-focused advertising market. This acquisition marks Electric Guitar's entry into the technical side of the advertising industry, responding to significant shifts such as reduced accessibility to third-party data due to privacy regulations. 3radical's technology allows for real-time adaptation to user input, which is unique in the market and enhances the relevancy of advertising.

Furthermore, Regan said 3radical's extensive database of engagement events offers potential for advanced machine learning applications, positioning Electric Guitar to exploit AI technologies effectively.

Looking forward, Regan outlined plans to enhance sales and marketing efforts, particularly focusing on exploiting the newly acquired technologies and data assets from 3radical. Electric Guitar is also preparing to expand its portfolio by acquiring additional complementary businesses, aiming to leverage these new assets to secure a competitive advantage in a rapidly evolving market.

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Proactive's Billy Farrington discusses the week's movements in the cryptocurrency market, particularly Bitcoin's torrid performance.

The week witnessed significant volatility in Bitcoin prices, with a notable midweek downturn where it dropped by nearly 9% over two days. This was attributed to a variety of factors including the US Federal Reserve's decision to maintain interest rates, leading to a strengthened US dollar, which negatively impacted Bitcoin prices.

Moreover, stagnation in cash inflows into Bitcoin spot ETFs, approved earlier in January by the SEC, was highlighted as a contributing factor to the price volatility. Recent outflows of approximately $500 million from these ETFs indicate a cooling interest, potentially exerting downward pressure on Bitcoin prices. Despite these challenges, Bitcoin exhibited a sharp recovery during the broadcast, underscoring the market's unpredictability.

Farrington also touched on Coinbase's financial results, which showed a significant improvement with a net income of $1.18 billion for the second quarter, contrasting sharply with a loss in the same quarter the previous year. Despite these strong earnings, Coinbase's stock price did not see corresponding gains, which Farrington linked to the broader uncertainties in the Bitcoin market.

The correlation between Bitcoin's performance and Coinbase's stock value was emphasized, with suggestions that Bitcoin's price movements heavily influence Coinbase's financial outcomes.

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Immunic Inc (NASDAQ:IMUX) CEO Dr Daniel Vitt joins Proactive's Stephen Gunnion with more on the serious and lifelong nature of celiac disease to mark Celiac Awareness Month.

Contrary to common misconceptions about gluten intolerance, where dietary changes alone are often deemed sufficient, Vitt emphasized that such adjustments do not adequately manage celiac disease symptoms, which are persistent and require more significant intervention.

Currently, Immunic is developing a new treatment option, IMU-856, specifically targeting celiac disease. This program marks an important step in the clinical development journey, as the company recently shared with the first clinical proof of concept data for the treatment.

Vitt affirmed the company's commitment to advancing treatment options for those affected by celiac disease.

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ANGLE PLC chief executive Andrew Newland joins Proactive's Stephen Gunnion with details of a supplier agreement with AstraZeneca PLC to develop an androgen receptor (AR) detection assay to enhance prostate cancer studies.

With a contract value of £550,000, the project is scheduled for completion in the first quarter of next year.

Newland said the agreement is an extension of a prior arrangement to develop a methodology for detecting CTC micronuclei and will use ANGLE's innovative Parsortix system. Successful development of this AR assay is expected to bolster the use of the Parsortix system in clinical oncology, particularly for assessing the efficacy of prostate cancer therapies.

The discussion also touched upon the potential benefits of this development for ANGLE, suggesting it might significantly enhance the company's operations and market position.

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YPB Group Ltd CEO John Houston joined Proactive's Stephen Gunnion with more details about ConnectQR, which has seen a substantial investment of seven years and $20 million in intellectual property.

Houston explained that YPB are experts in QR code generation and management with over 250 million codes since being a pioneer of QR code tech starting in 2016.

The early focus on brand protection led the company into QR code generation and management where it found that consumer engagement rates have skyrocketed especially since the pandemic.

Additionally, the substantial investment in its CONNECT platform allows the company to distribute digitally globally.

Despite being in the initial stages of its business pivot, YPB Group is optimistic about the potential of ConnectQR, describing it as a breakout revenue opportunity.

Houston discussed the development pipeline and mentioned that it’s still early days, suggesting that investors keep an eye out for upcoming milestones that will further define the company’s trajectory. He also indicated a positive trend in customer engagement.

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The FTSE 100 eyed yet another new intraday high as trading got underway, climbing to 8,197 and just 1 point off the record.

Aiding gains early on was drinks company Diageo, which climbed after announcing Coca-Cola Europacific Partners’ Nik Jhangiani as its new chief financial officer.

News of growing revenues at Holiday Inn owner IHG failed to push the stock higher in the meantime though.

Among FTSE 250-listed firms, Trainline soared after reporting a doubling in operating profit to £56 million for last year on strong growth across continental Europe.

And across the Atlantic, Apple shares chalked up hefty gains after the tech giant beat second-quarter earnings expectations despite a dip in iPhone sales.

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Asian Battery Minerals Ltd managing director Gan-Ochir Zunduisuren joins Proactive’s Elisha Newell to discuss the company’s imminent ASX listing and vision for Mongolian battery minerals.

The junior exploration company is based in Ulaanbaatar, Mongolia, where it’s exploring for economically viable deposits of critical minerals such as graphite, lithium and nickel-copper-platinum group elements (PGE).

ABM’s primary focus is the Oval nickel-copper-PGE project, a magmatic mafic sulphide asset which was discovered last year. Zunduisuren heralds the project as strategically important due to its proximity to several large metal deposits in China, which enhances its economic potential.

The managing director also highlighted that Mongolia’s Ulaanbaatar region remains largely unexplored for this type of deposit. Backed under BHP’s 2023 Xplor program, ABM is motivated to bring attention to Mongolia’s battery mineral prospects and bolster its exploration capabilities.

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