London pre-open: Stocks called higher after strong US jobs report

Cadence Minerals (KDNC) announced the results from the updated economic study, the progress on the environmental applications and the ongoing development of the 67% ‘Green Iron’ processing flow sheet at the Amapá Ore Project.

Cadence Minerals (KDNC) has announced the latest economic study results, environmental application progress, and ongoing development of the 67% ‘Green Iron’ processing flow sheet at the Amapá Ore Project. Since the end of March 2024, Cadence’s total investment in the Amapá Project increased by approximately US$0.7 million to approximately US$13.9 million, and consequently, the equity stake in the project now stands at 34.2%. There was a 20% increase in Post-tax Net NPV to US$1.14 billion at a discount rate of 10%, with a profit after tax of US$3.14 billion over the Life of Mine. According to KDNC, the ongoing development of the 67% ‘Green Iron’ processing flow sheet and the Project’s 100% renewable power source exemplify our commitment to propelling Amapa forward to meet the growing demand for low-carbon iron ore and steel, while at the same time demonstrating a potential 43% uplift in projected annual net operating profit.

Comment: The latest fresh upgrade to the metrics at Amapa should not be underestimated, especially the 43% rise in projected profit. WH Ireland’s 33p a share fair value for Amapa alone, underlines the significance of today’s news versus the current 3.4p level.

Zenova Group (ZED), the innovative fire suppression and interdiction solutions Company, is pleased to announce that it has received a first order valued at £83,249.50 from its newly appointed sub-distributor in Albania – AED Ltd. Coming on the back of the very effective demonstration day it held last month, this order reflects the efficiency and power of ZED products to tackle the growing problems around the world, as well as a further endorsement of its strategic focus. It anticipates a growing volume of sales in the region in partnership with AED, and looks forward to announcing further orders in the near future.

Comment: An 83 grand order may be regarded as a case of slowly, slowly, catchy monkey for ZED. But it may be enough to get the shares off the lows, at least in the near term.

Audioboom (BOOM) has announced the extension of partnerships with top-tier podcasts The Broski Report, The Nateland Podcast, Serialously with Annie Elise, National Park After Dark, and Minds Of Madness. The five shows are a key part of the Audioboom Creator Network, contributing more than 70 million downloads to the network over the past year. According to BOOM, it continues to deepen its partnerships with some of the best podcasts in the world. For years to come, Audioboom’s uniquely integrated platform will deliver best-in-class distribution, technology and monetisation to these shows, and it very much looks forward to supporting its creator partners in their success.

Comment: A decent “filler” RNS from BOOM. But offside shareholders will be looking for updates on numbers as a driver for the shares from current lowly levels.

Coinsilium Group (AQSE: COIN), the Web3 investor, advisor, and venture builder, announced that it was informed on 8 July 2024 that: Eddy Travia, Chief Executive of the Company, purchased 300,000 ordinary shares in the Company at a price of 1.67p. Following the above purchase Mr. Travia has a beneficial interest in a total of 14,456,702 ordinary shares, representing approximately 6.65% of the issued share capital of the Company. Malcolm Palle, Chairman of the Company, purchased 300,000 ordinary shares in the Company at a price of 1.67p Following the above purchase Mr. Palle has a beneficial interest in a total of 13,334,234 ordinary shares, representing approximately 6.13% of the issued share capital of the Company.

Comment: The fact that both the big wigs at COIN have bought shares underlines the value in the stock at current levels, a point that is witnessed by decent Web3 related news underlining the future direction of the company.

DG Innovate (DGI), the advanced research and development company developing pioneering solutions in sustainable mobility and energy storage, announced the appointment of Mark Carleton as an independent Non-Executive Director of the Company with immediate effect. According to DGI, it was delighted to welcome Mark to the DG Innovate Board. Mark has overseen a number of significant acquisitions, and his extensive M&A and global investment advisory experience will be hugely beneficial to DGI as it progresses its journey to build a significant company in the sustainable mobility sector.

Comment: Given recent trials and tribulations at DGI, the arrival of a steady pair of hands as a NED is all the more welcome. That said, if there

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