Hybridan Small Cap Feast - 15 Mar 23

15 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

SP Angel Morning View:China moves to subdue commodity prices as NPC sets 3% inflation target

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Hybridan Small Cap Feast - 27 Jan 23

27 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

SP Angel Morning View:

Hybridan Small Cap Feast 06/12/2022

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Smarttech247 Group, intends to join AIM. The company is a provider of AI enhanced cybersecurity services providing automated managed detection and response and has raised £3.67m to support its continued expansion into new products and geographies, development of its proprietary technology and for general working capital purposes. Admission is expected to take place on 15 December 2022 under

SP Angel Morning View: SP Angel . Morning View . Monday 26 09 22 Gold trades lower as dollar soars amid FX volatility and spiking yields

Beowulf Mining* (BEM LN) – Grafintec Signs new MoU for establishing anode materials European hub Horizonte Minerals (HZM LN) – Brazilian Government designates the Araguaia project as strategic Savannah Resources* (SAV LN) – Interim results highlight progress on environmental work and flowsheet design improvements Serabi Gold* (SRB LN) – Underground drilling results from the Zonta Vein at extend the mineralised envelope at Palito Versarien* (VRS LN) – BiaBrazil to utilise Graphene-Wear Techn

SP Angel Morning View: Base Metals prices hold remarkably strong levels despite negative headlines

Atlantic Lithium* (ALL LN) – CEO presentation on the Ewoyaa project Bluejay Mining* (JAY LN) – Michael Hutchinson appointed as interim Chairman Cora Gold (CORA LN) – Lionhead $25m funding facility update Orosur Mining* (OMI LN) – Drilling results from Anzá Versarien* (VRS LN) – Superparamagnetic material to support electronics, sustainability and biotechnology

SP Angel Morning View: Copper prices drop below $9,000/t on global demand fears

AEX Gold (AEXG LN) – Acquisition of additional exploration licences in Greenland Arc Minerals* (ARCM LN) – Agreement with Anglo American Caledonia Mining* (CMCL LN) – Record Q1 gold production from the Blanket mine, Zimbabwe KEFI Gold and Copper* (KEFI LN) – Progress report on Tulu Kapi project Largo (LGO CN) – Stronger vanadium prices lift Q1 22 earnings Serabi Gold* (SRB LN) – Palito delivers 2022's highest monthly production in April Sunrise Resources (SRES LN) – Correction to our comm

Hybridan Small Cap Feast 10/05/22

Dish of the day Joiners: No Joiners Today. Leavers: No leavers Today. What’s cooking in the IPO kitchen? EnSilica, intends to join AIM. EnSilica is a designer and supplier of mixed signal Application Specific Integrated Circuits (ASICs). ASICs are integrated circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage. ASICs help differentiate products through optimised hardware thereby making products smaller, faster, lower power and more

SP Angel Morning View: Copper climbs though demand outlook uncertain amid escalating restrictions in China

Caerus Mineral Resources (CMRS LN) – Exploration sampling results from the Kambia-Kapedes project, Cyprus First Quantum Minerals (FM CN) – $1.25bn Kansanshi expansion approved Greatland Gold (GGP LN) – Exploration grant for the Rudall licence Rockfire Resources (ROCK LN) – Re-analysis of historic core from Molaoi zinc project detects germanium Shanta Gold (SHG LN) – Gold recovery expected to recover in 2022 following geological challenges in 2021 Versarien* (VRS LN) – Deal with global sport

Hybridan Small Cap Feast 09/03/2022

Dish of the day Joiners: Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage has dual listed on the Aquis Stock Exchange. Leavers: No leavers today. What’s cooking in the IPO kitchen? New Energy One Acquisition Corporation Plc, intends to float on Main Market. NEOA is a special purpose acquisition company incorporated in the United Kingdom that has been established to focus on pursuing a Business Combination with targets that are positioned to par

SP Angel Morning View: Oil and gold surge as Russian troops enter DNR/LNR

AngloGold (ANG SJ) – Full-year profit drops on raising costs & lower output Antofagasta (ANTO LN) – Strong 2021 reflects buoyant copper prices despite Chilean drought and Covid19 BlueRock Diamonds* (BRD LN) – Recovery of 11.95ct diamond worth >$100,000 Caledonia Mining* (CMCL LN) – Fatality at the Blanket mine Cornish Lithium (Private) - IGAS Energy (IGAS LN)– Heads of Terms signed with Cornish Lithium to develop geothermal heat projects Petra Diamonds (PDL LN) – Diamond price recovery hel

LIBERUM: Luceco* - Margin momentum coming into view

LIBERUM: Yü Group* - Strong momentum and cash flow

LIBERUM: Costain Group* - Free cash more than 50% market cap

Invinity Energy Systems - First Sale In Hungary

Invinity has followed the Hungarian reseller agreement announced on 10 March with a first sale of VS3 flow batteries for an EU funded solar plus storage project in the country. This is in line with the company’s other recent reseller agreements providing strategic access to new energy storage markets. We think it is good to see Invinity securing battery sales at the outset of new reseller agreements as this provides further confirmation of the company’s growing commercial momentum in our view.

LIBERUM: SigmaRoc* - Critical mass demonstrated

Judges Scientific FY Results – Outstanding results, Steady organic, M&A delivers in spades

Judges Scientific is a group involved in the buy and build of scientific instrumentation businesses. Testament to the strength of its highly engineered offer and global diversified customer base (offsetting Covid-induced earlier weaker order intake from China, although rebounding in December 2022), total revenue increased an impressive 24% to £113.2m (organic basis 8%), buoyed by Geotek, with adjusted PBT increasing a substantial 56.7% to £28.3m (FY2021: £18.1m), 4% ahead of our estimate of £27

LIBERUM: Judges Scientific* - FY22 ahead of expectations

Supreme plc: disposal of T-Juice intellectual property

Supreme reports that it has entered into an agreement with an associated company of La Vape Professionelle Distribution (LVP), a leading French wholesaler of e-cigarettes and e-liquids, for the disposal of the intellectual property (IP) of T-Juice, inclusive of the Red Astaire brand. Supreme will receive an upfront payment of €4.5m (£3.97m) in respect of T-Juice brand IP, with the addition of income from consultancy services. The agreement ushers in a new strategic partnership in which Supreme

Hardide Update

The AGM statement reiterated the ‘cautious optimism’ that underpinned the group’s recent annual report (covered in our 9 February update). HDD is experiencing growth across all of its key markets; aerospace, energy and industrial products. First half revenues to end March 2023 are expected to come in around 7% ahead y-o-y. That will be sufficient to deliver forecast EBITDA breakeven in FY23 despite deferral of a c. £0.3m order into H1 FY24. That outcome underlines the success of initiatives to

LIBERUM: SThree* - Resilient Q1

SHORE CAPITAL - Judges Scientific+ (JDG, House Stock at 8,920p)

SP Angel Spec Sits: (YUG) Stellar 2022 Results + New Dividend Policy

YUG announced its full year 2022 financial results, which exceeded recently revised market expectations.

Hybridan Small Cap Feast - 21 Mar 23

21 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

Hybridan Small Cap Feast - 24 Mar 23

24 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv

EQTEC (EQT LN) - Italia MDC project operational

Italia MDC project now operational. EQTEC has announced that its Italia MDC project is now operational. The gasification and biochar facilities were commissioned in January, with the Jenbacher engine commissioned in March and first electricity export recently achieved. EQTEC expects full handover of operations before the end of March.