Articles by: HOTSTOCKROCKETS

EPIC MTL
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Metals Exploration – Q4 report, for further recovery Buy

Gold producer in the Philippines, Metals Exploration (MTL) has issued its report for the fourth quarter of 2022, emphasising “record quarterly positive free cash flow” and “a very solid platform from which to build on in the coming year”. Good news.
  • By HotStockRockets
  • 2023-02-04 08:16:10
EPIC ZYT
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Zytronic – now a recovery Buy?

In August we downgraded our stance on touch sensors company Zytronic (ZYT) to sell with the shares at 135p as we noted the short-term outlook looked challenged. Despite the recent somewhat stock market recovery, that has proven sensible as the shares are now at an offer price of...135p. That is though a recovery from 112.5p at the start of October and there now looks reason to believe that the recovery has a good deal further to go.
  • By HotStockRockets
  • 2023-01-26 17:22:39
EPIC KEFI
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Kefi – Tulu Kapi financing update, not the news we wanted but what we want is imminent; Buy

Kefi Gold & Copper (KEFI) has issued a Tulu Kapi gold project financing update including that it is “pleased to report that all lead contracting and equity investment parties have agreed their draft agreements… The company expects all outstanding issues to be addressed imminently, the exact timing of which will largely be driven by the Government process”. Is this "funding secured"?
  • By HotStockRockets
  • 2023-01-25 13:07:59
EPIC YGEN
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Buy Yourgene - target 0.6p

On 21st December, with its shares having previously closed at 1.85p, Yourgene Health* (YGEN) announced a “capital raising” for “not less than £5.0 million” stated to “provide near-term working capital; and facilitate further restructuring of the group's cost base, removing £2.0 million of annual operating expenditure. The company will also utilise any additional net proceeds to fund regulatory approvals and existing product enhancements”. I.e. it was cash crunch ahoy and, having left the fundraise to that point and with stock market conditions dreadful, the raising was at… 0.30p per share! Unsurprisingly, that sunk the shares, but with new capital now raised and sentiment arguably having hit rock bottom, we see some good recovery potential from a current 0.38p offer price. (now 0.41p)
  • By Hotstockrockets
  • 2023-01-22 13:18:45
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