What’s Hot – RAS, SGR, COV & GML
What’s Not – JNS, MYX & ASN
What’s Hot
RAS – Ragusa Minerals Limited today closed up 58% to finish at 3.8c on $150k stock traded. The reason they were up today was because they announced an update on key company developments.
RAS is progressing to completion of a binding heads of agreement to acquire ~60% controlling interest in Pegasus Tel Inc and the Purple Pansy Manganese-Gold Project in Arizona, USA.
SGR – The Star Entertainment Group Limited today closed up 22% to finish at 10.5c on $6.6m stock traded. The reason they were up today was because they announced US casino operator Bally’s Corp as well as Investment Holdings Pty Ltd, which is controlled by pub baron Bruce Mathieson and his family has today been granted probity approval by regulators to become a substantial shareholder of Star.
On Friday, Queensland Attorney-General Deb Frecklington announced she had given both Bally’s and Investment Holdings the necessary regulatory sign offs, easier for the gamblers of this world than the bio techs (see MYX below).
COV – Cleo Diagnostics Limited today closed up 18% to finish at 64.5c on $620k stock traded. There was no news out today but on Wednesday they announced the appointment of leading U.S. gynaecologic oncologist Dr Nicholas Lambrou as its first Key Opinion Leader (KOL).
Dr Lambrou is a highly respected U.S. based surgeon, clinical advisor, and researcher with extensive expertise in oncology, gynaecologic surgery, and women’s health.
GML – Gateway Mining Limited today closed up 10% to finish at 8.5c on $420k stock traded. There was no news out today but roughly a fortnight ago they announced an exploration update for its Yandal Gold Project located in WA.
A further 328 nuggets for a total of 72.7g (with a peak weight of 3g) have been collected along a new portion of the recently identified Great Western splay corridor.
What’s Not
JNS – Janus Electric Holdings Limited today closed down 42% to finish at 9.9c on $400k stock traded. The reason they were down today was because they re-instated after being suspended since the beginning of last month.
JNS were suspended after not lodging the relevant periodic report by the due date (annual report).
Janus listed back in May after raising $8.8m @ 20c, so it hasn’t been the nicest 2025 for them & got no idea why annual report was so late but anyway you back now.
MYX – Mayne Pharma Limited today closed down 23% to finish at $4.45 on $2.2m stock traded. The reason they were down today was because yesterday after market they announced an update on its proposed acquisition by Cosette Pharmaceuticals by way of scheme of arrangement.
Shortly before release of this announcement, MYX was notified that the Foreign Investment Review Board (FIRB) had unilaterally extended the statutory deadline to today.
Basically in laymen’s terms our treasurer Jim Chalmers has knocked back the Yanks on this one as it’s contrary to Australia’s national interest.
ASN – Anson Resources Limited today closed down 21% to finish at 7.9c on $2.5m stock traded. The reason they were down today was because they announced a placement to raise $14m @ 8c through Canaccord Genuity.
The funds raised will be applied to its Green River Lithium Project exploration program, associated engineering studies (DFS/FEED) and low-cost maiden drilling at the Yellow Cat Uranium Project in Utah, USA.
The Green River Lithium Project has significant infrastructure advantages, exceptional financing, development and offtake partners and is in an advanced stage of permitting.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
Important Notice
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