What’s Hot – ERE, CBE, CLA, VR8, LSR, EDE, PEX & MDI
What’s Not – AMP
What’s Hot
ERE – European Resources Limited today closed up 43% to finish at 2c on $930k stock traded. The reason they were up today was because they announced assay results from its Korsnäs REE Project located in Finland.
A diamond drill program has intersected broad REE mineralised intervals and strong NdPr enrichment, amid an increasing focus on European rare earths supply.
CBE – Cobre Limited today closed up 34% to finish at 21.5c on $3.5m stock traded. The reason they were up today was because they announced the acquisition of a 51% interest in the Sierra Atacama Copper Project located in the Antofagasta region of northern Chile.
CLA – Celsius Resources Limited today closed up 28% to finish at 2.3c on $1.2m stock traded. There was no news out today but last week they announced approval was received for the first renewal of an exploration permit for its Botilao Porphyry Copper-Gold Prospect located in the Philippines.
VR8 – Vanadium Resources Limited today closed up 25% to finish at 3c on $690k stock traded. There was no news out today but last month they released its quarterly report which highlighted the advancement of its Steelpoortdrift Vanadium Project located in South Africa.
LSR – Lodestar Minerals Limited today closed up 15% to finish at 1.15c on $100k stock traded. There was no news out today but last week they announced drilling had commenced at its Three Saints Project located in northern Chile.
EDE – Eden Innovations Limited today closed up 14% to finish at 16c on $830k stock traded. There was no news out today but on Monday they announced the appointment of Dr Allan Godsk Larsen as Managing Director.
PEX – Peel Mining Limited today closed up 13% to finish at 18c on $3.8m stock traded. The reason they were up today was because they announced a binding scheme implementation deed (SID) was entered with Aeris Resources (AIS.asx) to be acquired in scrip.
MDI – Middle Island Resources Limited today closed up 12% to finish at 4.6c on $160k stock traded. The reason they were up today was because they announced an exploration update for its Tisovik Project located in Serbia.
What’s Not
AMP – AMP Limited today closed down 27% to finish at $1.28 on $155m stock traded. The reason they were down today was because they released its FY25 results which revealed statutory net profit after tax (NPAT) of $133m in comparison to $150m in FY24.
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).