Pyxis Tankers Inc (NASDAQ:PXS) chairman and CEO Valentios (Eddie) Valentis speaks to Thomas Warner from Proactive about how the tanker operator has been performing since his last Proactive appearance in April.

Valentis gives an overview of the results from the six months to 30 June, highlighting revenues of approximately $17.8 million, adjusted EBITDA of $9.4 million, and fully diluted earnings per share of $0.94. The performance was driven by a high daily charter rate of over $24,000 and utilization at around 94%. The sale of their oldest tanker in March bolstered their cash position to over $34 million, with net funded debt at less than 19% of total capitalization at the end of the reporting period.

He explains that Pyxis also made strides in asset diversification by entering a joint venture to acquire a 2016 UltraMax dry bulk vessel. This venture allows the company to explore new opportunities and maintain control with a 60% ownership stake.

Valentis emphasises the company's commitment to the product tanker sector despite the foray into dry bulk, anticipating continued strength in demand due to low inventories of refined petroleum products and healthy crack spreads. He expects the sector to remain solid at least through 2024, although short-term volatility may persist due to factors like weather conditions and geopolitical developments.

Despite Pyxis Tankers' strong performance, Valentis noted that the company's share price trades at a significant discount to its estimated net asset value, highlighting potential for share price improvement as strategic investments and vessel acquisitions gain traction.

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Hercules Site Services PLC (AIM:HERC) CEO Brusk Korkmaz and CFO Paul Wheatcroft speak to Thomas Warner from Proactive after the UK infrastructure company released a trading update for the year to 30 September that revealed another significant year-on-year increase in revenues.

Korkmaz says the company had a strong performance in its labour supply division, notably on the HS2 project, and recently announced a successful tender with Balfour Beatty rail.

CFO Paul Wheatcroft gives more detail on the company's financial performance for the year, highlighting an expected 60% increase in turnover, surpassing market forecasts of £80 million in revenue. He says growth has been driven by success across the board, from labour supply to civil projects and suction excavators.

Looking ahead, Hercules Site Services plans to open a training facility in Nuneaton, addressing the UK's skill shortage while generating additional revenue. The soft launch is scheduled for November, with an official opening in January.

CEO Brusk Korkmaz also noted a focus on improving the utilisation rate of their suction excavators, with a goal of reaching an average minimum of 80%. The company remains busy with expanding teams and exploring potential acquisitions and partnership models.

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Celsius Resources Ltd (ASX:CLA, AIM:CLA) MD Peter Hume tells Proactive the company, through its Philippine subsidiary, has inked a Memorandum of Agreement with the Local Government Unit of the Province of Kalinga to develop an essential access road. Through this collaborative effort a vital access road will be constructed. The 84.5-kilometre Lubuagan-Batong Buhay-Abra Road will traverse the MCB Project area. This road project aligns with the MCB Project's infrastructure requirements, facilitating efficient transportation of materials during its construction, development and operational phases.

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Aurumin Ltd (ASX:AUN) managing director Brad Valiukas tells Proactive the company is set to sell its Mt Dimer mining leases for a total of $3 million. Mt Dimer hosts the high-grade Lightning and Golden Slipper deposits, which are 120 kilometres northeast of Southern Cross. The company has secured a binding sale agreement with Beacon Minerals Ltd. As part of the agreement, Beacon has unconditionally pledged to invest $500,000 via a placement in the company within a five-day timeframe. Aurumin will receive $3 million on completion of the sale and a 2% net smelter return royalty on the Mt Dimer mining tenements on gold production above 12,000 ounces and on all other minerals.

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Auric Mining Ltd (ASX:AWJ) MD Mark English tells Proactive the company has produced more than 7,700 ounces of gold during stage one toll milling from Jeffreys Find Gold Mine near Norseman in WA, generating gross revenue of $16,612,642 from the sale of 5,667 ounces. Auric expects total stage one production of 9,500 ounces and toll milling is on track to meet this target. The company expects to receive the first cash from these sales in the week commencing October 23, 2023.

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Torque Metals Ltd (ASX:TOR) MD Cristian Moreno talks Proactive through results from the first four holes drilled in its inaugural diamond drilling campaign at New Dawn Lithium Project in Western Australia’s Goldfields. Assays from all four of the initial shallow diamond drill holes at the project confirmed spodumene. Multiple stacked pegmatites have also been intersected in subsequent holes drilled slightly north of the central lode and one deep hole at the eastern lode - assays are still pending for these holes.

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Sunstone Metals Ltd (ASX:STM) MD Malcolm Norris speaks with Proactive after announcing the company has struck gold results described as outstanding at the Limon gold-silver discovery - part of the company’s broader Bramaderos Project in southern Ecuador. The results of up to 269 metres at 1.05 g/t gold equivalent including high grades of up to 66 g/t, not only extend the Limon discovery but also double the known true width of the Central Shoot to 125 metres. The company’s hypothesis is that the Limon discovery holds the potential to either stand as a significant independent operation or serve as a starter pit for the Bramaderos porphyry development.

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Metals Australia Technical Advisor Jon Dugdale joined Steve Darling from Proactive to share an update on the company's Lac Rainy Graphite Project in Quebec. Dugdale shared the results of the fieldwork conducted at the project, highlighting some significant findings.

The fieldwork included assays from 80 samples collected from 10 graphitic trends identified using electromagnetic imagery. One of the notable results was a rockchip sample containing over 50% graphitic carbon from a large electromagnetic anomaly located west of the existing Mineral Resource. This extensive anomaly stretches for over 6 kilometers from the West Carheil trend and includes numerous samples with over 20% carbon content. The average grade of the 80 new samples is over 11% graphitic carbon, and the total strike length of the high-grade graphitic zones identified exceeds 36 kilometers.

Dugdale mentioned that the company is planning a new drilling program to test these high-grade graphitic trends with the aim of expanding the resource potential and increasing the overall grade. Permit applications are being submitted for approval, and the drilling program is expected to begin during the upcoming winter drilling season.

Additionally, Metals Australia is initiating work on a Pre-feasibility Study for mining and flake graphite concentrate production at the Lac Rainy Graphite Project, which marks a significant step forward in the project's development.

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Travelzoo General Manager Arveena Ahluwalia joined Steve Darling from Proactive to share news the company has introduced Travelzoo META, a groundbreaking members-only service designed to offer innovative Metaverse travel experiences. The company is now welcoming its first one million Founding Members into this exciting venture, providing them with the opportunity to be pioneers in the world of Metaverse travel.

Ahluwalia explained that Travelzoo META aims to transport its members to hard-to-reach and captivating destinations across the globe, such as scaling the majestic heights of Mount Everest or journeying back in time to ancient Rome. What sets Travelzoo META apart is its accessibility – these extraordinary experiences can be enjoyed using a simple mobile or desktop device and a standard web browser. Members will utilize their existing devices as portals to access an entirely new dimension of travel.

One of the most intriguing aspects of Travelzoo META is the creation of personality-based, emotionally-driven Travel Companions in the form of NFTs (Non-Fungible Tokens). Each Founding Member will have the unique privilege of selecting their Travel Companion from an interactive gallery featuring one million distinct NFTs. Once a member claims their special Travel Companion, it becomes exclusively theirs, creating a one-of-a-kind and highly personal aspect to their Metaverse travel adventures.

In essence, Travelzoo META is pioneering a new frontier in travel, blending technology, creativity, and innovation to provide members with immersive and unforgettable journeys in the Metaverse. This initiative underscores Travelzoo's commitment to offering unique and engaging travel experiences while embracing the evolving landscape of virtual travel and blockchain technology. As one of the first Founding Members, the future of travel in the Metaverse holds boundless possibilities for exploration and adventure.

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Rocketfuel Payment Solutions CEO Peter Jensen joined Steve Darling from Proactive to share news aboutthe company's record-breaking financial performance. In the first quarter of 2023, RocketFuel reported revenue of $235,459,000, reflecting a remarkable growth rate of 127% compared to the previous quarter.

Jensen highlighted that this revenue represents a 28X increase from the same quarter in the previous year. Additionally, the company is pre-announcing anticipated revenue figures of $765,000 for the second quarter of 2023, which, if achieved, would be a 225% increase compared to the previous quarter and a 17X increase from the same quarter last year.

RocketFuel's significant growth can be attributed to the acquisition of multiple large new customers and the expansion of services provided to existing customers. These results indicate the company's strong performance and its ability to capture a larger market share in the payment solutions industry.

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