What’s Hot – M2R, APX, JAV, CBE, VBX, ZNC, NXN & OSM
What’s Not – GLN
What’s Hot
M2R – Miramar Resources Limited today closed up 33% to finish at 0.4c on $120k stock traded. The reason they were up today was because they announced drilling had commenced at its 80%-owned Gidji JV Gold Project located 15km north of Kalgoorlie, WA.
Since commencing exploration at Gidji in late 2020, Miramar has used systematic AC drilling to make multiple new gold discoveries under the Gidji Paleochannel, including the Marylebone, Blackfriars and Highway prospects.
APX – Appen Limited today closed up 31% to finish at $1.41 on $45m stock traded. The reason they were up today was because they released its quarterly which highlighted a 10% increase in revenue to $73.4m on the previous corresponding period (pcp).
JAV – Javelin Minerals Limited today closed up 19% to finish at 15.5c on $930k stock traded. There was no news out today but on Tuesday they released its quarterly report which highlighted the rapid progress made towards the start of mining at its Eureka Gold Project located in WA.
CBE – Cobre Limited today closed up another 16% to finish at 18.5c on $900k stock traded. The reason they were up today was because they released its quarterly report which highlighted the ongoing progress at its Ngami Copper Project (NCP) located in Botswana.
VBX – VBX Limited today closed up 14% to finish at 80c on $1.1m stock traded. The reason they were up today was because they announced material improvements for its Wuudagu bauxite project located in northern WA.
ZNC – Zenith Minerals Limited today closed up 12% to finish at 9.4c on $100k stock traded. There was no news out today but roughly a fortnight ago they announced assay results from its Consolidated Dulcie Gold Project located in WA.
NXN – Nexsen Limited today closed up 10% to finish at 22c on $170k stock traded. There was no news out today but on Tuesday they announced the expansion of its rapid point-of-care diagnostic portfolio.
OSM – Osmond Resources Limited today closed up 10% to finish at 61.5c on $360k stock traded. The reason they were up today was because they released its quarterly report which highlighted the completion of nine drill holes at its Orión EU Critical Minerals Project located in Spain.
What’s Not
GLN – Galan Lithium Limited today closed down 13% to finish at 41c on $10m stock traded. The reason they were down today was because they announced a placement to raise $40m @ 41c through Canaccord Genuity.
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
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).