It has been difficult to keep one’s eye off Nvidia (NVDA), not only because of the salacious stories, but also because it is supposed to be the case that founders exiting a company tends to deliver significant share price rises. This has particularly been the case as far as the Tech Bros of the leading Silicon Valley giants. We shall see whether NVDA copies the pattern. This is especially the case if a capable replacement is brought in, such as ARM CEO Rene Haas, as has been reported in the Telegraph.

Back down to earth, and back in the world of UK small cap stocks, it would appear that Christmas has come early, but not necessarily in a good way. I suppose we shall be snowed under by companies raising money before the end of the year. However, it would appear that many players are sitting on their hands, especially as far as the explorer / developer area where the level of enthusiasm seems to be a shadow of what it was say, a year ago. It is as if players are anticipating that precious metals prices will continue to soften, and of course, further interest rates may be on the way, both here and in the US.

Fiinu

As far as the UK stocks that actually behaved in a positive way were led by a company, Finnu (BANK)  I have been quite familiar with in the past (interviews etc). However, we have not talked since the requisition of the company, and the green light for the now legendary plugin overdraft early next year. (And I have While the shares have risen well in the past few weeks, over two thirds, against such a background one would have thought the stock would already been on the right side of 10p.

Potentially’s Potential

If anyone over the age of 30 understands the tech at Potentially AI PLC (AGI) , answers on a postcard. Nevertheless, the collective AI company, this week announced that the beta version of its workspace will be released in December 2026, following a period of intensive product development. Ahead of the release, the Company will publish the first public demonstration of the workspace at 9.30am on Thursday 12 November 2026, on the Company's X account, @potentially_agi. The company said, “The demonstration will feature a range of workflows run in the product, giving shareholders their first opportunity to see the technology in action.” Who doesn’t like a good workflow, and what is the difference between work and a workflow, apart from workflow sounding more snazzy? At least there was no AI meltdown here, with the shares up 38% on the week.

Reabold / Beacon Energy

After the debacle with Union Jack Oil (UJO)  one might have thought that Reabold Resources (RBD)  was running out of friends. At least RBD does have two CEOs to keep each other company. But at least it would appear that RBD has found a new friend in the form of Beacon Energy (BCE).  BCE announced that, further to the Company’s announcement on 7 October 2026, it has now reached an agreement with Reabold Resources plc to extend the long stop date for the Second Acquisition under the Share Purchase Agreement to 28 February 2027. Under the Second Acquisition, Beacon Energy will acquire a further indirect interest of approximately 24 per cent. in LNEnergy, taking its indirect interest to approximately 48 per cent. (equivalent to an indirect interest of approximately 43.2 per cent. in the Colle Santo Asset).Shares of BCE were up by a third. That said, and this is another answers on a postcard type of question, if Colle Santo is so good, why is RBD sharing it with anyone? What about the geological stability of the area, and given that this has already been years in the making, how long will it actually take to production? One gets the feeling that this is a strange case of passing the parcel.

GS Chain

Speaking of elements of intrigue. From whispers I have heard GS Chain (GSC)  is a shell looking for a deal. It now has a new interim CEO, which presumably means that it is open for business in this respect. We have even seen the share price rise a third this week, purely on the basis that it has launched a new website. By the way, the market cap is apparently only £400k, so some upside potential…

Sabien Technology

In fact, GSC reminds me of Sabien Technology (SNT)  where I was highlighted to its attractions by a happy holder – presumably at the lower levels. Here the company has what one can describe as a very supportive Executive Chairman, young Mr Parris, and therefore all we are really waiting on is for its various initiatives to come good. It helps that it has recently jettisoned those which it believes have had their time, as witnessed by the November 10th Final Results RNS.

The Bears

Finally, is there ever going to be a time when stocks which are being attacked by the bears stop getting attacked with spurious, misleading, scaremongering, defamatory comments? It seems that the small cap end of the London stock market is doomed to get this kind of low grade, tabloid style commentary forever. I would refer to companies such as Georgina Energy (GEX).  But even a strong growth story such as Medpal (MPAL) seems to attract crackpot views, even though it is one of the country’s most exciting growth stories. If nothing else this country needs strong, new companies to pay for all the people that do not, or cannot work. Give the entrepreneurs a chance.