Powerful rebound potential - dynaCERT, Manuka Resources, Steinhoff

Large order causes euphoria at dynaCERT

All's well that ends well? This wisdom could become a reality for the long-suffering shareholders of the Canadian hydrogen company. Many expected the roll-out of the patented and certified HydraGEN technology at the beginning of 2020, but this was abruptly halted by the restrictions surrounding the pandemic. Nevertheless, a milestone now seems to have been reached with the first large order for 3,000 units of the HG2R series, the engine between 1 and 8 litres used in small and heavy commercial vehicles, among others. According to estimates, the order is worth around CAD 12 million. The customer for the technology, which reduces fuel consumption and CO2 emissions, is Bristol & Bristol Incorporated, an oil and gas logistics company based in Georgetown, Guyana.

A total of 93 HydraGEN units have already been paid for by the buyer, providing dynaCERT with immediate working capital of approximately CAD 370,000. A further 140 units are expected to be delivered by July 30, 2023, and 750 by September 30, 2023. After that, delivery will be made as and when completed. In addition to the large order, Jim Payne expressed optimism at the 7th IIF - International Investment Forum - about 14 days ago that other larger orders could follow. Especially from the mining industry, an increased interest could be felt. Discussions with major producers regarding the HG-4C series have been ongoing for months. This series is required for diesel engines with a displacement ranging from 40 to 60 litres in heavy-duty commercial vehicles.

After the success announcement, the dynaCERT share price rose by about 30% to around CAD 0.26 and climbed to a new high for the year.

Manuka Resources - Triple potential

The ground for a sustained countermovement has been laid in three ways at Australia's youngest gold and silver producer, with properties promising huge potential if base prices rise sustainably. With the Mt Bobby mine, Manuka Resources owns one of Australia's historically richest gold mines. In the past, 500,000 ounces of gold with an average grade of half an ounce per tonne of ore were produced on the property in the Cobar Basin. Production is to be reopened here in a few days, with the plan to produce around 20,000 ounces of gold over the next 4 years.

The second project is the fully permitted Wonawinta Silver Project, which also contains gold. With a mineral resource estimate of 51 million ounces, the property is one of Australia's largest silver producers. In addition, 200,000t of existing lead has been estimated.

With the acquisition of the South Taranaki Bight project, the Australians have the opportunity to become one of the largest suppliers of green technologies. The project contains vanadium, a metal that is being used in large-scale industrial applications. Vanadium-based batteries lose significantly less energy than lithium-ion batteries, which is why vanadium redox flow batteries are used in solar and wind power plants. The project already has a mining licence for 5 million tonnes per year, with an initial mine life of 20 years. Assuming a BFS1 production rate of 5Mt of VTM concentrate per year, annual concentrate production would include 25,000t of V2O5. Manuka Resources would therefore be responsible for 15% of the global output. The next milestone is to reobtain EPA permits for the project to resume mining operations. The EPA's decision-making committee (DMC) began this process in March.

Manuka Resources has a market capitalization of AUD 31.14 million with a cash balance of AUD 5.2 million as of March 31. The share price has lost about 90% of its value in the last 3 years and is currently trading at AUD 0.06. With precious metal prices continuing to rise and demand for the industrial metal vanadium increasing, the foundation should be laid for a long-term run.

Steinhoff International - Creditors agree

One can hardly speak of a real rebound for the crisis-ridden, globally active furniture group with headquarters in Amsterdam and operational offices in Stellenbosch, South Africa. Nevertheless, within a few days, the Steinhoff share was able to break away from its lows from EUR 0.0102 to EUR 0.0134 at its peak.

The slight countermovement is because the retailer's creditors have approved the plan to restructure the Company's debt. This means there is now the possibility of turning to a Dutch court. "As a next step, Steinhoff will consider whether it intends to apply to the court for confirmation of the WHOA restructuring plan," the Company said in a statement, adding that it will publish a voting report on Wednesday to be submitted to the court for approval. All three classes of creditors, contingent payees, secured creditors and unsecured creditors, have voted in favour of the restructuring plan, which, once approved by the court, will see the parent company delisted and a new unlisted holding structure created.

The owner of retailer Pepkor and Pepco, which trades on the Warsaw Stock Exchange, had earlier said the restructuring would begin if at least two-thirds of contingent solvent shareholders approve the plan, subject to court approval.

After delays, Canadian hydrogen company dynaCERT was able to announce a milestone. At crisis-hit retailer Steinhoff, creditors approved a restructuring plan. Manuka Resources has a triple opportunity with prospective gold, silver and vanadium properties.