Three things you need to know in the financial markets this morning from investment writer, Tony Cross.
Kodal Minerals
There’s an update out from Kodal Minerals LON:KOD this morning, whose shares have been volatile in the last few days. The next phase of drilling has commenced at a gold exploration site in the Cote d’Ivoire, with a second rig already being on site and assembly here is underway. The note also includes details of the progress of the Mali lithium project, with the firm now expecting to receive the request for the payment of the license fee – the political uncertainty in the country apparently is having little impact on commercial activity.
Tlou Energy
There’s a very brief note out from Tlou Energy [LON:TLOU] this morning on their hydrogen strategy. The company notes it is well positioned to produce hydrogen, not least owing to its extensive solar resources in Botswana. The company notes that it remains focused on gas to power projects but is also across this evolving space. One to watch?
Tekcapital
Tekcapital LON:TEK notes that today is the first day of dealings for Bellascura, a company which it upped its stake in a few months back when news of a potential IPO was first floated. At the IPO price of 45p, Tekcapital’s stake is worth $10.8m, an uplift of $8.8m on the book value from November 30th. Tekcapital is locked in for 12 months, but would be expected to track Bellascura’s fortunes, given this represents around 40% of the market cap.
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