What’s Hot – EDE, MAU, ASB, ODE, BMG, EQR, RGL & BPM
What’s Not – BLG
What’s Hot
EDE – Eden Innovations Limited today closed up yet another 37% to finish at 26c on $4.9m stock traded. The reason they were up today was because they announced its strategic investor 7 Enterprises (Daniel Raihani) converted its $2.2m convertible loan into equity.
MAU – Magnetic Resources Limited today closed up 26% to finish at $2.01 on $16m stock traded. The reason they were up today was because they announced a binding scheme implementation deed (SID) was entered with Genesis Minerals (GMD.asx) to be acquired for a scrip & cash deal.
ASB – Austal Limited today closed up 20% to finish at $5.82 on $29m stock traded. There was no news out today but last Friday they announced an earning guidance update.
In preparation of its half year accounts, ASB identified that some incentives related to its T-ATS program were recognised by its US subsidiary, Austal USA, in line with percentage of completion.
ODE – Odessa Minerals Limited today closed up 17% to finish at 2.7c on $1.4m stock traded. The reason they were up today was because they announced the appointment of Steve ”where’s the gold” Parsons and Michael ”Nail Ya” Naylor as consultants.
BMG – BMG Resources Limited today closed up 15% to finish at 3.9c on $1m stock traded. There was no news out today but last week they announced an update on preparations for the upcoming major drill campaign at its Abercromby Gold Project located in WA.
EQR – EQ Resources Limited today closed up 15% to finish at 23.5c on $17m stock traded. There was no news out today but last month they released its quarterly report which highlighted record mining and processing performance at its Barruecopardo Tungsten Mine located in Spain.
RGL – Riversgold Limited today closed up 14% to finish at 1.6c on $150k stock traded. The reason they were up today was because they announced an exploration drilling program is being designed for the Hawkstone Prospect within its Tambourah Project located in WA.
BPM – BPM Minerals Limited today closed up 11% to finish at 30c on $270k stock traded. There was no news out today but last week they announced a placement to raise $3.5m @ 23c through Alpine Capital.
What’s Not
BLG – BluGlass Limited today closed down 16% to finish at 18.5c on $290k stock traded. There was no news out today but last month they released its quarterly report which revealed a $3.58m loss for the quarter.
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).