Proactive - Interviews for investors

Accesso Technology Group PLC chief executive Steve Brown discussed the company's strong 2023 performance with Proactive's Stephen Gunnion.

The year was marked by significant achievements including surpassing profitability targets and attaining nearly $150 million in revenue. Key developments included three strategic acquisitions aimed at expanding the company’s global footprint. These acquisitions introduced new opportunities with companies like VGS in Milan and Paradocs in Canada, enhancing Accesso's market presence.

In 2023, accesso secured 28 new venues and expanded its services to 273 additional venues through these acquisitions, which also incorporated 50 ski resorts in Canada, making it the largest provider of ski technology in North America. The company's growth drivers included increased sales penetration and transaction counts across existing venues.

Looking ahead, Brown highlighted accesso's focus on improving profit margins by enhancing revenue efficiency and scrutinising low-margin revenue streams. Furthermore, the company has recently made a significant entry into the Saudi Arabian market through a partnership, building on the acquisition of VGS, which has been rebranded as Accesso Horizon.

Brown also discussed the launch of 'Freedom', a new platform for restaurant and retail operations, which has already seen considerable uptake.

For 2024, Brown mentioned the possibility of more acquisitions, supported by a strong balance sheet and cash position. The company forecasts revenues of around $160 million with a cash EBITDA margin of 17%, anticipating another robust year.

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Learning Technologies Group PLC chief executive Jonathan Satchell takes Proactive's Stephen Gunnion through the company's 2023 financial results, which reveal a slight revenue decline but rising profitability. Despite the economic challenges, the company maintained strong cash flow and increased its dividend by 5% to 1.2 pence.

Satchell highlighted the resilience of the company's long-term and SaaS contracts, which helped sustain performance amidst reduced corporate spending on employee development.

Operational achievements included retaining all client contracts above $10 million. The company saw some revenue declines due to reduced discretionary spending but reported growth in US government contracts and expansions in Latin America and the Middle East.

Another highlight was GP Strategies, which has more than doubled profits since it was acquired in 2021, benefiting from a commercial transformation program that improved margins without impacting customer service.

Satchell also noted the sale of Lorien Engineering, aligning with the company's focus on learning and talent development. This strategy, alongside prudent financial management, positioned the company well in the tough economic climate.

For 2024, the company anticipates revenues similar to 2023, with continued emphasis on acquisitions and leveraging AI in learning tools to enhance operational efficiency and data insights.

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#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Baron Oil PLC CEO Andy Butler joined Proactive's Stephen Gunnion with latest developments at the Chuditch-2 appraisal well location, in the Democratic Republic of Timor-Leste.

The company has discovered approximately 1.2 trillion cubic feet (TCF) of gas and is preparing for an appraisal well later this year.

Butler said the company reached a key milestone with the completion of a site survey, which is a critical safety and environmental measure prior to drilling.

The original drilling location proved unsuitable due to irregular seabed conditions, detected through high-resolution sonar imaging. An alternative site, 286 metres away, was subsequently chosen, where shallow boreholes confirmed the seabed's strength to support drilling. This new location, higher in the gas structure, is expected to yield a taller gas column of about 249 metres, significantly more than the 30 metres initially discovered.

Additionally, Butler noted that operational costs are well below the approved budget, benefiting from strong collaboration with industry partners.

Planning and design work continues, with progress on technical, commercial, and regulatory fronts. Baron Oil is also engaging with potential funding partners as it moves forward with the project.

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Ondo InsurTech PLC (LSE:ONDO) chief executive Craig Foster tells Proactive's Stephen Gunnion that the company's expansion into the US with its LeakBot technology is gaining momentum after launching operations in four states with notable insurers including Nationwide in Ohio.

Following the release of a trading statement that aligns with the first broker forecasts made public, Foster said the US expansion has been met with positive feedback, reflecting high takeout and installation rates, bolstering the company's confidence in future expansions and new partnerships.

The chief executive also mentioned ongoing negotiations with other US insurance firms, further highlighting the company's momentum in the U.S. Additionally, he confirmed that manufacturing capacity is keeping pace with demand, aided by recent advancements towards ISO 27001 certification, which will streamline contractual and compliance processes.

Foster also touched on the company's activities in Europe, specifically in the Nordic region, and the UK, maintaining a balanced focus on these markets while pursuing US opportunities. A significant development mentioned was a partnership with South West Water in the UK, aiming to tackle the global issue of water wastage through innovative leak detection technology. This aligns with the company's strategy of leveraging its unique solutions to address widespread challenges in water management and insurance claims.

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Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) CEO George Bennett joins Proactive's Stephen Gunnion with latest test results from the company's collaboration with The Mosaic Company on the Uberaba project in Brazil.

Bennett explained that the project is focused on extracting rare earth elements from phosphogypsum stacks, leveraging a method previously used in the company's Phalaborwa project in South Africa. Bennett highlighted the positive initial test results show potential for high recovery rates due to the similarities in the mineralogy of the phosphogypsum compared to the flagship Phalaborwa project.

Rainbow Rare Earths and Mosaic signed a Memorandum of Understanding (MOU) last year to jointly develop this opportunity, sharing costs and utilising Rainbow's intellectual property developed for extracting elements from phosphogypsum.

The next steps involve further testing, resource updates for the market, and moving towards a Preliminary Assessment (PA) by year-end. Bennett also noted the strategic significance of the project, fed by a long-life mine expected to supply phosphogypsum for 25-40 years, suggesting a sustained output and potential for significant scalability which has yet to be fully recognised by the market.

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Nyrada Inc (ASX:NYR) CEO James Bonnar joins Proactive’s Jonathan Jackson to highlight important developments for the company during the last quarter. He outlines how its lead drug candidate, NYR-BI03, has shown promising results during preclinical studies. This sets the stage for first-in-human Phase I clinical trials slated for the second quarter of FY2025.

Nyrada has also kick-started Good Laboratory Practice (GLP) safety studies, with completion expected in the first half of FY2025, laying the groundwork for these crucial clinical trials.

The company's financial health is robust, boasting a cash position of A$5.6 million, thanks to a fully subscribed placement raising A$1.76 million.

Additionally, Nyrada is collaborating with the Walter Reed Army Institute of Research to commence a Traumatic Brain Injury Study in the fourth quarter of FY2024.

Finally, Bonnar looks at the progress being made in continued efforts with a Cholesterol Lowering Program as the company remains at the forefront of innovative medical research, poised for significant breakthroughs. Stay tuned as we track Nyrada's journey through these pivotal developments in its quest to combat brain injuries and cholesterol-related health issues.

#ProactiveInvestors #Nyrada #ASX #Biotech #Strokes #BrainInjury

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Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots tells Proactive's Stephen Gunnion the company is experiencing a positive impact from the current high gold price, which recently crossed $2,400 an ounce.

Loots pointed out the robust gold price has been supported by significant purchases from central banks and changes in US interest rates. Pan African Resources, a South African company, benefits further due to its costs being in Rand, enhancing profits when converted from the strong dollar-based gold prices.

Loots refrained from predicting future gold prices but acknowledged the beneficial effect of the current high prices, which could attract new investors and potentially lead to a revaluation of companies in the sector.

Despite the high gold prices, he noted that Pan African's projects are profitable even at lower prices. He specifically mentioned the Mentails tailings retreatment project, which is under construction with capital costs largely fixed, expected to reach completion by the end of the year. The current gold prices could allow for the project's capital to be recouped in under three years. Other projects like Barberton and Evander are also performing well due to the favourable gold price environment.

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Power Nickel Inc CEO Terry Lynch joined Proactive to share the exciting news of the initial assay results for hole PN-24-044, a pivotal component of the company's ongoing drill program at the Lion Discovery site. The outcomes have been overwhelmingly positive, with 15 out of 16 holes yielding promising results.

Among the highlights, PN-24-044 revealed an impressive intersection, boasting 0.60 meters of 24.3 grams of gold, 5.7 grams of silver, 5.29% copper, 3.26 grams of palladium, 0.29 grams of platinum, and 3.31% nickel. These remarkable findings underscore the rich mineralization potential of the Lion Discovery area.

The ongoing drill program, characterized by a standard fan drilling design, has been instrumental in systematically probing the presence of the mineralized zone. Thus far, the results have been nothing short of exceptional, with the current mineralized envelope extending to a minimum depth of 300 meters below the surface and spanning a lateral distance of at least 225 meters. Importantly, the mineralization remains open in all directions, hinting at the possibility of further discoveries.

Based on the current interpretation, the mineralized zone is situated at the contact with the ultramafic rock, exhibiting a sigmoidal geometry. Notably, a high-grade shoot has been identified, steeply plunging to the north-northeast (NNE), adding another layer of complexity and excitement to the exploration efforts.

As Power Nickel continues to analyze and interpret the data from its ongoing drill program, anticipation mounts for the release of additional assay results. These forthcoming findings are expected to provide further insights into the extent and richness of the mineralization at the Lion Discovery site, bolstering the company's confidence in its exploration endeavors.

With each successful drill hole, Power Nickel edges closer to unlocking the full potential of the Lion Discovery area, reaffirming its commitment to value creation for its shareholders and stakeholders alike. Stay tuned for more updates as the company advances its exploration efforts and continues to unearth new opportunities in the dynamic world of mineral exploration.

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U.S. Global Investors CEO Frank Holmes joined Steve Darling from Proactive to delve into the enduring allure and recent market dynamics surrounding gold. Over the span of the century, gold has consistently proven its mettle, outperforming the S&P 500 by an impressive margin of 50%. This enduring value of gold has been influenced by a myriad of factors, including deliberations among G20 finance ministers, central bank policies, and the tenets of modern monetary theory (MMT).

Holmes underscored the significant role played by central banks in bolstering gold's prominence, noting a trend of consistent acquisitions dating back to 2010. Over the past two years alone, central banks have collectively added an average of 1000 tonnes of gold to their reserves annually, underscoring their enduring faith in the intrinsic value of this precious metal.

Moreover, Holmes highlighted a fascinating retail trend that has emerged in recent times, exemplified by Costco's remarkable success in selling $100 million worth of gold wafers in a short span. Notably, a substantial portion of these sales were attributed to professional Asian women hailing from China and India, reflecting a deep-seated cultural affinity for gold within these demographics. This demographic segment, accounting for 60% of gold demand, is often referred to by Holmes as "the great love trade."

The discussion further delved into the evolving landscape of gold purchasing, with notable shifts such as the Bank of Nova Scotia's exit from the gold market. In light of such developments, retailers like Costco have stepped up to meet consumer demand, making gold more accessible to a wider audience.

Looking ahead, Holmes offered insights into potential future trends, including the anticipated impact on junior gold mining stocks and broader retail implications. He hinted at the possibility of gold's availability expanding into mainstream retail outlets, envisioning a scenario where major stores like Walmart could soon offer gold as part of their product offerings.

As the conversation unfolded, it became evident that gold's enduring allure transcends mere investment value, embodying a cultural and historical significance that continues to resonate with investors and consumers alike. Stay tuned as U.S. Global Investors continues to navigate the intricate dynamics of the gold market and uncover opportunities for investors in this precious metal.

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Helix Exploration PLC chairman David Minchin discusses a strategic partnership with Petroleum Consultants in an interview with Proactive's Stephen Gunnion. This collaboration is part of Helix's phase-one work programme, aimed at progressing its drilling campaign at the Ingomar Dome, slated for the third quarter of this year.

Minchin highlighted the partnership's critical role in leveraging the firm's local presence in Billings, Montana, and its extensive network of contacts, which will enable rapid and cost-effective service delivery. The expertise of Petroleum Consultants, coupled with the experience of Helix CEO Bo Sears, who possesses nearly 25 years of experience in helium exploration, is expected to ensure the safe and successful delivery of the upcoming drilling campaign.

Additionally, Minchin outlined the next steps in the company’s appraisal well programme, which includes signing binding contracts with service providers and initiating advanced engineering and construction with the goal of producing gas by the end of 2025.

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