Trades of Note for the week ending July 13, 2025
This week reveals two paths to profit. A merger arbitrageur pockets a sure thing, while a specialist fund makes a bold wager on Europe’s future supply of critical minerals.
| Notable Shareholder Disclosures |
| *Not disclosed |
| Notable Insider (PDMR) Disclosures |
|
Volex Plc (MC £678.8m)
Sharon Molloy
PCA of John Molloy (Chief Operating Officer, a PDMR of the Company)
Sold £1,152,728
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Foresight Group Holdings Limited (MC £511.3m)
Laura Smith
Person Closely Associated with Matthew Smith, a PDMR of the Company.
Sold £227,773
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It has been a curiously quiet week, suggesting the City’s denizens are perhaps already sunning themselves in Tuscany rather than hunting for value. A shorter list for a shorter week, then, but one that still offers a glimpse into two very different modes of capital deployment: the cerebral arbitrageur and the high-conviction resource speculator.
One notes with interest the arrival of Samson Rock Capital LLP on the shareholder register of Inspired Plc. Taking a 5.36% stake, this London-based event-driven specialist is executing a merger arbitrage play. With a recommended cash offer from HGGC already on the table, Samson Rock’s entry signals their belief that the deal will complete at a price equal to or greater than the offer price of 81p. For a firm whose entire business is the meticulous calculation of such probabilities, their presence is a clear, if quiet, endorsement of the transaction’s viability.
From the relatively sedate world of arbitrage, we turn to the rather more speculative arena of junior mining. ACAM LP, a specialist natural resources fund with ties to Moore Capital’s Louis Bacon, has anchored a placing in Rockfire Resources plc, taking a 16.31% stake. This is not idle speculation. The capital is designated for Rockfire’s Greek project, which hosts a potentially unique European germanium resource. This move, combined with their recent investment in tin producer AfriTin Mining Ltd, confirms a deliberate strategy: deploying sophisticated capital into junior miners with critical mineral assets. It is a high-conviction signal for those with the requisite appetite for risk.
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