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Tekcapital, Caledonia Mining, Fastnet Oil & Gas and URU to present next week

Published: 12:00 30 May 2014 EDT

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Next Thursday’s Proactive Investors Forum will put on stage four distinctly different companies from three contrasting sectors that have one thing in common – their huge potential.

Taking to the stage at the Chesterfield Mayfair Hotel will be Tekcapital (LON:TEK), Caledonia Mining (LON:CMCL), Fastnet Oil & Gas (LON:FAST) and URU (LON:URU).

Please ensure you don't miss out by booking your place HERE.

In the wake of Fastnet’s disappointing – but not wholly unsuccessful – result from the FA-1 exploration well, offshore Morocco, analysts reckon shares are “oversold” and at current levels represent a “compelling entry” for investors.

The continued analysis of the FA-1 findings point to positives for follow on exploration in the Foum Assaka block and the AIM quoted explorer is still ‘carried’ up to US$100mln on one more offshore well offshore.

Onshore, meanwhile, the company continues to work toward drill prospects within the Tendrara area, and more news is expected here in the coming weeks.

Elsewhere, farm-out talks for Fastnet’s Irish assets have picked up again following the completion of seismic and a successful recent industry conference. Management is now confident that a deal can be struck before the end of the year.

Broker Cantor Fitzgerald has a price target of 19p and Cathal Friel, Fastnet's chief executive will update us on how the company will moved forward.

Caledonia Mining has made good progress this year which reflects in the steady upward appreciation in its shares despite the vagaries of the gold price.

Lots of miners are talking about cost cutting at present but Caledonia is delivering, with the total cost of producing gold at its 49%-owned Blanket mine in Zimbabwe now running at an all–in US$973, enough to generate a healthy margin even with gold stuck at US$1,300.

Production is also rising and should hit 48,000 ounces this year with a plan in place to take this to 76,000 ounces by 2016.

Once achieved, that will give cashflow another healthy boost. Caledonia is already one of the few UK-listed junior gold miners that pays a dividend but has now said it is looking around for new opportunities within Zimbabwe's neighbours.

Expanding on what and where these might be and giving an update on all of the other recent developments will be Mark Learmonth, Caledonia’s chief executive.

This year’s surge in the nickel price has given URU Metals a timely boost, though self-improvement has also played a major part in the recent share price rally.

A rebalancing of its portfolio also means the story has now changed to a focus on nickel and uranium based around three projects.

In Sweden, URU is developing the Narke oil-uranium project, which, as the name implies, gives it two shots at making a meaningful discovery.

In Canada, the company has signed an exclusive option deal with uranium giant Cameco over the Nueltin Lake gold-uranium project, which spans 27,279 hectares in the Territory of Nunavut. Cameco discovered the Sandybeach gold-uranium deposit within this area in 2008.

In South Africa, URU now 100% of the Zebediela nickel project, which the company estimates to contain over 1.5bn tonnes of the metal and has the potential to become one of the world’s largest nickel developments.

All in all, that is a lot going on for a company currently valued at just £4mln and explaining how URU will make the most of its opportunities will be Chairman, David Subotic.

Tekcapital (LON:TEK), made its AIM debut in April and already it has attracted a few sideways glances from the principals running the traditional search engines. For the company has come up with Google-style algorithm that is able to scour the worldwide web for patented technology that may pose a threat or represent a transformational opportunity to growth companies.

The service is aimed at c-level executives assessing the uniqueness of their firm’s intellectual property before flicking the switch on millions of pounds-worth of further research and development.

Where a simple query using Google might return millions of results, the IDN is able to slim this down to a manageable and relevant list.

But it isn’t just about the algorithm. Tekcapital brings together some of the world’s leading scientific minds in their field to sift the results so the most relevant receive top billing, and the experts provide context.

“We are currently unique – we have the search engine that makes it possible and we are teaming it up with the brain-power of people who have done a lot of technology transfers. This is a very small pool of people,” says finance director Malcolm Groat.

Please join us at 5:45pm to allow for a prompt 6pm start. Each company has approximately 30 minutes to give a short presentation and for Q&A.  This will be followed by the 'Champagne Raffle' where six guests will win a bottle each. 

The evening will end with a complimentary bar and an assortment of hot and cold canapes, giving you the opportunity to speak with the directors and other investors.

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