Proactive - Interviews for investors

Mineral & Financial Investments Ltd (AIM:MAFL) chief executive Jacques Vaillancourt speaks to Thomas Warner from Proactive London after the release of audited results for year ended 30 June 2023.

Vaillancourt starts by giving an overview of the results, highlighting a 26.5% increase in net asset value (NAV) to £9.4 million, with a NAV per share growth to 24.27p, showcasing a consistent 29.1% annual growth over the past five years. The investment portfolio, valued at about £9.1 million, also saw an 18.7% increase. Vaillancourt highlights their success in outperforming benchmarks like the Goldman Sachs Commodity Index and the FTSE 350 Mining Index.

A notable challenge for the company was a £300,000 loss due to foreign exchange (FX) fluctuations. However, a key boost to the NAV came from a revaluation of their Redcorp investment, increasing its value from approximately $2.2 million to $3 million. This adjustment was based on a feasibility study and a newly negotiated put option, providing an exit strategy for their Lagoa Salgada stake, potentially valuing it at around $6.1-$6.2 million.

In strategic terms, Mineral & Financial Investments maintains a diverse portfolio, including precious metals, base metals, food, energy, tech, and a small position in diamonds. The company's strategic portfolio has grown by 35-36%, with a 65% increase in cash holdings, amounting to £800,000. Vaillancourt also mentioned new investments in ESG auditing firm Digby and Golden Sun as part of their strategic growth.

Despite global economic challenges, Mineral & Financial Investments Ltd has managed to maintain a strong performance, with Vaillancourt expressing a positive outlook for precious metals in 2024. He also pointed out the current undervaluation in public mining markets, suggesting potential opportunities.

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Reabold Resources PLC (AIM:RBD) co-CEOs Sachin Oza and Stephen Williams visit Proactive's London studio to speak with Thomas Warner after a group of Reabold shareholders requisitioned a general meeting to be held on 10 January.

The requisition represents the third attempt to oust Oza and Williams as co-CEOs.

They urged shareholders to reject all resolutions at the general meeting, emphasising the company's momentum and potential value delivery in 2024. Williams attributes the takeover attempts to the company's attractive portfolio and significant cash inflow from the Victory Project sale to Shell. He expresses concerns about the use of these funds and highlights what he considers a pattern of opportunistic requisition attempts following financial gains.

Oza addresses some of the challenges the company has faced, focusing on regulatory delays impacting the execution of the business plan. The co-CEOs warn about the ability of any incoming managers managing the next few pivotal months for the business and highlight what they consider conflicts of interest and lack of capability of the proposed new directors and management.

Additionally, they go on to discuss Reabold's prospects for 2024, including the drilling of the West Newton well in the UK and early production potential in Italy. They emphasise the importance of their leadership for the company's success in the company's projects and urge shareholders to support their continued leadership for the company's crucial year ahead.

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Itaconix PLC (AIM:ITX, OTCQB:ITXXF) CEO John Shaw speaks to Thomas Warner from Proactive about how the company, which makes plant-based ingredients for consumer products, is positioned heading into the new year.

Shaw expresses optimism about the company's future and shared insights into its current status and strategies. Shaw highlights Itaconix's efforts to enhance its trading ability in the U.S., including overcoming challenges with share consolidations and brokerage protocols.

He addresses concerns about the company's decreased share price, emphasising the intrinsic value created through significant advancements over the past two years. Shaw pointed out the company's relatively low market valuation compared to its revenue growth and potential in the plant-based chemical sector.

Shaw downplays the notion of Itaconix as an acquisition target, focusing instead on the company's commitment to expanding its technology platform, which has significant potential and a robust customer project pipeline. He also dismissed the idea of moving to another market, citing satisfaction with the current investor base.

Addressing analysts' reducing of Itaconix's revenue expectations for 2024 and 2025, Shaw clarified that this does not indicate a downturn in business. He attributes adjustments to the normalisation of inflated chemical prices and reassured that Itaconix's profitability and commercial milestones remain on track.

Looking ahead to 2024, Shaw expressed confidence in the company's strong position, driven by revenue growth, a solid customer pipeline, and new initiatives, including a focus on digital marketing and smaller accounts.

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Good morning from London, you’re listening to the final market report of 2023 and there is plenty to talk about – lots of companies have been beavering away trying to get things done before the Christmas break.

One of those that always gets a lot of attention here on Proactive is Helium One Global, they’ve announced the completion of a dilutive placing overnight that’s going to fund their next bit of exploration work in Tanzania.

There’ll be a lot more to come on that in the new year, and fellow AIM-listed company Europa Oil and Gas has also put out some Africa-related news this morning announcing that they’re buying into a gas field in Equitoreal Guinea. I’ve already spoken to CEO Will Holland and that interview will be out shortly.

And the last thing in small caps, EQTEQ PLC has announced that all of performance criteria set out by the Banca del Fucino have been met, meaning they should be able to access a €2.9 million loan facility for their Italian energy plant in the new year.

And on the big board its Vodafone making the most headway this morning, the share price is up 2% on the prospect of a bidding war for its Italian operations. That’s all for this morning and for this year, have a very merry Christmas.

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Global Lithium Resources Ltd CEO Logan Barber joins Proactive Australia’s Jonathan Jackson to discuss high-grade lithium hits from the recently completed drilling program at the Manna Lithium Project. The company reported a significant result yesterday with the delivery of its best drill intercept to date. Barber highlights what this means for the company and its investors and speaks about further assays to be released in the coming months that will feed into an updated mineral resource estimate, which will form part of the Manna DFS. There is further drilling to come in 2024 in what is expected to be a big year for Global Lithium.

#ProactiveInvestors #GlobalLithiumResources #ASX #CriticalMinerals #Lithium

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

GTI Energy Ltd executive director Bruce Lane joins Proactive Australia’s Jonathan Jackson to discuss the milestones and 2024 plans for the Lo Herma ISR Uranium Project in Wyoming. Lane discusses the now completed initial drilling program and how the program successfully validated the historical data package used in preparing the mineral resource estimate for Lo Herma. Lane talks us through the macro outlook for uranium, particularly the need for supply in the US, the potential of the project, where it could fit in the supply chain and what investors can expect in 2024.

#ProactiveInvestors #GTIEnergy #ASX #Uranium #Energy

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

Gold Hydrogen Ltd chair Alexander Downer joins Jonathan Jackson in the Proactive Australia studio to talk about the final hydrogen results from the Ramsay 2 well at the company’s flagship Ramsay Natural Hydrogen Project. Downer discusses the significant milestones the company has achieved in 2023, culminating in the confirmation and validation of historical results and the identification of multiple target zones for both hydrogen and helium. The results saw managing director Neil McDonald refer to them as “world-class” and “groundbreaking”. Downer also speaks to favourable conditions for the hydrogen and helium markets and outlines Gold Hydrogen’s plans for 2024.

#ProactiveInvestors #GoldHydrogen #ASX #energy #hydrogen #helium #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Kingfisher Mining Ltd executive director and CEO James Farrell sat down with Jonathan Jackson in the Proactive Australia studio to talk about the recent discovery of new high-grade rare earth element (REE) mineralisation at the MW14 target at Mick Well. Farrell outlines the extension of mineralisation at Mick Well, its potential and how significant the growth in scale has been over the last few months. Finally, Farrell outlines the next steps for Mick Well as we look forward to 2024.

#ProactiveInvestors #KingfisherMining #ASX #RareEarthElements #CriticalMinerals

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

Syntara CEO Gary Phillips joined Jonathan Jackson in the Proactive Australia studio to discuss the company’s recent $10 million capital raise and how this will be applied towards Syntara's drug development strategy. The funds raised will be used towards the completion of three phase 2 clinical trials in myelofibrosis, scarring and iRBD/Parkinson’s disease. Post raise, Syntara will be in a strong financial position after emerging from the restructuring of Pharmaxis and having shed more than A$14 million in costs per annum. Finally, Phillips discusses what the company has planned for 2024.

#ProactiveInvestors #SyntaraLtd #ASX #Biotech

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RocketFuel Payment Solutions Vice President of Sales Daniel Gonzalves joined Steve Darling from Proactive to discuss the adoption of cryptocurrency and its growing popularity among merchants. He shed light on some common misconceptions about cryptocurrency's mainstream adoption and highlighted the reasons why more merchants are embracing it as a payment method. Gonzalez pointed out that cryptocurrency adoption is steadily growing worldwide, with an annual growth rate of over 20%. He anticipates this trend to continue, projecting a growth rate of 22-23% by 2028, resulting in a cryptocurrency market worth $91 billion.

One of the key drivers for merchants adopting cryptocurrency is its enhanced security compared to traditional credit and debit card payments. The surge in credit card fraud has led to increased interest in the security features of cryptocurrency transactions. Unlike credit card payments, cryptocurrency transactions do not incur chargebacks, and refunds are more straightforward. Rocket Fuel Payment Solutions offers a settlement guarantee to ensure merchants receive their payments securely, regardless of market volatility or transaction complications. This guarantee provides peace of mind to merchants and eliminates the risks associated with cryptocurrency transactions.

Gonzalez also discussed Rocket Fuel's product developments in 2023, which contributed to the company's growth. They upgraded their crypto payment processing product and introduced a payout product, allowing merchants to pay numerous vendors or contractors seamlessly. Rocket Fuel expanded its cross-border payment offering and launched a gift card solution, enhancing the overall payment experience for shoppers and merchants.

The company primarily uses stablecoins for transactions, which are cryptocurrencies pegged one-to-one to the US dollar. Stablecoins offer stability and predictability, as their value remains constant, eliminating the volatility associated with other cryptocurrencies like Bitcoin. Looking ahead to 2024, Rocket Fuel Payment Solutions plans to expand its product suite, offering a comprehensive range of solutions for merchants. Gonzalez anticipates significant growth driven by market expansion and the upcoming Bitcoin halving, which is expected to boost cryptocurrency market activity.