Proactive - Interviews for investors

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news about the company's latest strategic moves to expand its AI tech team and pursue licensing agreements for its GPT AI 3D modeling CAD to 3D and texturing technology. The expansion includes doubling its office space in Hyderabad, India, to accommodate the growing team, reflecting the company's commitment to bolstering its technological capabilities.

Moreover, Nextech3D.ai is currently in negotiations for a major license of its GPT AI 3D modeling CAD technology. This development underscores the company's strategy to diversify its revenue streams by signing licensing deals with global manufacturers utilizing CAD files. By supplying 3D models to leading brands and platforms while simultaneously pursuing licensing agreements, Nextech3D.ai aims to increase its revenue and profit margins significantly.

Gappelberg emphasized that the company's decision to license its GPT AI technology is poised to revolutionize the accessibility of high-quality 3D modeling technology, particularly for e-commerce and other industries. Leveraging its GPT AI-powered technology, Nextech3D.ai has succeeded in reducing the cost of 3D models from CAD files to $10 to $20 while maintaining the highest quality 4K quad mesh photorealistic models. This cost-efficient approach enables scalability and profitability while ensuring superior quality.

Overall, these strategic initiatives highlight Nextech3D.ai's commitment to innovation, technological advancement, and profitability in the rapidly evolving landscape of AI-driven 3D modeling technology.

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Bitcoin experienced a slight decrease of 1% against the US dollar today, continuing a cooling trend in the second half of February after an initial 26% gain in the first two weeks.

This recent dip follows a phase of profit-taking by traders in response to the rally, yet bitcoin maintains a fundamentally strong position, showing a 21% increase year to date and more than doubling in value year on year.

This strength is supported by significant inflows into the spot-bitcoin exchange-traded fund (ETF) market.

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Great Southern Copper PLC (LSE:GSCU) chief executive Sam Garrett tells Proactive's Stephen Gunnion that the company has expanded its Especularita project in Chile through two new option agreements, enhancing the project's exploration prospects.

These agreements incorporate the Cerro Negro and Artemisa properties, adjacent to Great Southern Copper's existing concessions, into the Especularita project. This expansion is part of the company's long-term strategy to explore for porphyry copper systems, with the properties adding significant potential due to their location relative to a known lithocap, which is indicative of porphyry copper deposits.

Cerro Negro, previously mined by Antofagasta, has shown evidence of high-grade copper and silver at the base of an open pit, suggesting the potential for porphyry copper at depth. No significant exploration outside the mine's immediate area has been documented, but signs of oxide copper along strike to the south suggest unexplored potential.

Artemisa, adjacent to the company's Victoria and Lita prospects, complements ongoing exploration efforts, with plans for drilling in the near future.

The next steps include reviewing historical data and preparing for sampling and drilling on the newly acquired properties within the next 12 months.

The company is also awaiting assay results from its Teresita and Abundante scout RC drilling programme, aimed at testing new targets for copper and gold mineralization.

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Greatland Gold (AIM:GGP) managing director Shaun Day joined Proactive's Stephen Gunnion to discuss an updated Reserve and Resource for the Havieron gold-copper project released by joint venture partner Newmont.

Newmont’s update includes 4.9 million gold equivalent ounces in the Indicated Mineral Resource category, closely aligning with Greatland Gold's estimate of 5 million ounces.

Day discussed the differences in reporting standards between Greatland's JORC code and Newmont's SK-1300, and the resulting differences between Greatland’s and Newmont’s reserve and resource estimates.

Greatland Gold remains highly confident in its Mineral Resource estimate of 8.4 million gold equivalent ounces and will continue to report under JORC.

Greatland Gold PLC is a mining development and exploration company focused primarily on precious and base metals.

The company’s flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in a joint venture with Newmont.

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Immunic Inc CEO Dr Daniel Vitt joined Proactive's Stephen Gunnion following what he described as a successful 2023.

Outlining the company's achievements, Dr Vitt noted the company strengthened its balance sheet by raising up to $240 million. The first tranche of the three tranche private placement is expected to extend the company's cash runway into the third quarter of 2025, beyond important clinical readouts for its Phase 2 study in progressive multiple sclerosis (MS), known as the CALLIPER study, with results anticipated in April 2025.

Clinically, Immunic achieved positive results across its portfolio, including its Vidofludimus calcium and IMU-856.

Dr Vitt said vidofludimus calcium showed promising phase 2 interim results in 2023, including a significant reduction in NfL biomarkers in patients with progressive MS, indicating its potential as a unique treatment option. IMU-856, targeting gastrointestinal disorders, demonstrated effectiveness in improving gut function in celiac disease patients, with results published in spring 2023.

Looking ahead to 2024, he said the focus is on preparing for the CALLIPER study readout in April 2025 and exploring further studies for IMU-856 in additional indications. The company continues discussions with potential pharmaceutical partners for its programs.

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S&U PLC chairman Anthony Coombs delved into the company's trading statement for the 12 months ended 31 January 2024 in an interview with Proactive's Stephen Gunnion.

Despite a challenging year due to a number of headwinds facing the sector, the motor and property finance group remained resilient, with improving prospects. Coombs attributed the past year's to the cost of living increase and heightened regulatory activities by the Financial Conduct Authority, aimed at protecting customers under economic pressure.

This regulatory environment created headwinds for S&U, slightly impacting its results. Consequently, pre-tax profits are expected to be 10 to 15% below analysts' consensus. However, Coombs said the flow of new business into both of S&U's sectors—motor and property finance—is robust, with the company facing challenges in collections due to regulatory scrutiny.

S&U's diverse business model, including its Advantage motor finance and Aspen bridging loan business, has helped it navigate pressures. Aspen, in particular, saw cumulative repayments increase by more than 50%, benefiting from high demand in the SME sector for development and refurbishment loans—a demand not fully met by traditional banks. This diversification is expected to aid in the company's recovery, especially as economic conditions improve.

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MP Evans Group PLC Matthew Coulson discusses the company's 2023 Environmental, Social, and Governance (ESG) report, which encompasses data and progress spanning from 2021 to 2023.

In an interview with Proactive's Stephen Gunnion, Coulson said the report is a testament to the company's commitment to sustainability and transparency within its Indonesian palm oil operations.

A significant highlight from the report is MP Evans' ongoing efforts towards carbon reduction, a journey bolstered by the internalisation of their production processes. With six palm oil mills now under their management, the company has enhanced its production efficiency, directly contributing to its carbon footprint reduction.

Coulson shared the company's ambitious goal of achieving net-zero status by 2050, alongside setting interim targets for 2030 to monitor and ensure progress towards this long-term objective.

The importance of ESG disclosure, as Coulson notes, stems from the growing interest of stakeholders, including shareholders, in sustainable practices. This transparency not only meets regulatory requirements but also exceeds them, reinforcing MP Evans Group's role as a responsible entity in the industry.

Community engagement forms a critical aspect of the company's ESG efforts. With over 12,000 employees in Indonesia and a broader community living on their estates, Coulson said MP Evans is dedicated to improving living standards through high-quality housing, healthcare, education, and recreational facilities. Additionally, the company extends its sustainability ethos to its network of independent suppliers and smallholders, ensuring that they too can meet their sustainability goals.

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Coinsilium Limited CEO Eddy Travia and LC Lite CEO Jean-Charles (JC) Devin join Proactive's Stephen Gunnion with details of an agreement between the two companies.

Founded in 2018, LC Lite specializes in trade finance through permission tokens on a private blockchain, aiming to create a new ecosystem within the trade finance industry by digitizing receivable financing.

Travia told Proactive that Coinsilium will provide LC Lite with strategic advisory services ahead of an upcoming token launch, marking an interest in the intersection between digital assets and the real-world economy. This partnership focuses on the tokenization of real-world assets, a promising sector in the Web3 space. Coinsilium aims to leverage its network in the crypto market to assist LC Lite with its token model and tokenomics, particularly in decentralizing the space around real-world assets.

Devin said LC Lite's objectives through this partnership include launching a token by the end of the year, integrating the value chain of asset management in a vertically integrated model, and bridging real-world and digital assets. This aims to generate yields and capital appreciation for investors while providing financing to suppliers, bringing real-world assets into the DeFi and crypto world.

Travia also touched on the current crypto market sentiment, with significant improvements noted in the prices of Bitcoin and Ethereum, and the anticipation of further opportunities due to regulatory developments and the upcoming Bitcoin halving.

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OptionsDesk's Sebastian Blanco joins Proactive's Stephen Gunnion with a mid-week round-up after Bank of England governor Andrew Bailey provided a more positive economic outlook, noting a significant decline in inflation and the possibility of a minimal technical recession. Bailey also suggested that interest rates could be cut before inflation hits the 2% target, which positively impacted the pound.

HSBC's share price fell 7% despite a record annual profit, affected by a $3 billion write-down from its investment in China's Bank of Communications, highlighting the effects of China's real estate crisis.

NVIDIA's share price also dropped by 4.3% due to concerns over valuation and supply constraints ahead of its earnings report. Blanco pointed out the growing investor practice of buying protective puts amidst these uncertainties, reflecting a strategy to safeguard investments against potential share price downturns.

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H&T Group PLC CEO Chris Gillespie joined Proactive's Stephen Gunnion with news that the UK's largest pawnbroker has secured £25 million in additional finance from Pricoa Private Capital, part of PGIM Inc. He said funding provides substantial financial headroom for the company's future growth, including the expansion of its pledge book and investment in its store estate.

Gillespie highlighted the current high demand for small-sum credit amidst constrained supply, indicating strong lending volumes and growth opportunities for the company.

Additionally, H&T Group announced the acquisition of assets from Maxcroft Securities, an Essex-based pawnbroking business catering to a different demographic, typically lending larger sums to business professionals. This acquisition is expected to complement H&T's existing portfolio and offer opportunities for further expansion within its customer base.

Gillespie emphasised the potential for growth and the company's strategic plans for controlled expansion and leveraging the additional financial headroom for 2024 and beyond.

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