What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – GCM, OD6, TYP, RMX, KNI, WZR & KRR
What’s Not – CLX
What’s Hot
GCM – Green Critical Minerals Limited today closed up 180% to finish at 0.7c on $1.6m stock traded. The reason they were up today was because they announced the acquisition of rights to a late-stage graphite technology which produces saleable graphite blocks from graphite powder.
The technology converts graphite into saleable very high-density graphite blocks (VHD Graphite) which can be used in a wide variety of applications including defence, semiconductors and high-performance electronics.
VHD Graphite has amongst the highest thermal conductivity ever recorded for any bulk material, reaching 617 W/mK along the grain, making it an exceptional material for heat management applications.
OD6 – OD6 Metals Limited today closed up 76% to finish at 5.1c on $500k stock traded. The reason they were up today was because they announced the acquisition of the historic Gulf Creek Copper Project located in NSW.
The Gulf Creek Project is a historic high-grade copper–zinc, volcanogenic massive sulphide (VMS) style deposit that was mined from underground over 100 years ago to +100m vertical depth & +300m of strike.
There is significant greenfields and brownfields exploration potential with over >3km of untested strike in the immediate mine-stratigraphy and over >10km across the tenement.
TYP – Tryptamine Therapeutics Limited today closed up 43% to finish at 3.3c on $2.4m stock traded. The reason they were up today was because they announced a placement to raise $6m @ 2c through the boys and girls at Merchant Group who were kind enough to offer me half the book after last month’s write up.
Jokes I got donuts everyone but I do know a few of you on this list that got enough to be happy little campers today.
The placement was cornerstoned by the high conviction Merchant Biotech Fund (MBF) and Dr Daniel Tillett who will also be appointed a non-executive director.
RMX – Red Mountain Mining Limited today closed up 33% to finish at 1.2c on $220k stock traded. The reason they were up today was because they announced the completion of a desktop review of its Fry Lake Gold Project located in Ontario, Canada.
The review identified three gold bearing parallel quartz veins using channel and grab samples taken from mineralised quartz zones exposed in trenches.
The grab sampling returned assays of up to 17.88g/t Au while the channel samples returned assays of up to 12.96g/t Au.
KNI – Kuniko Limited today closed up 24% to finish at 18c on $100k stock traded. There was no news out today but on Monday they released its quarterly report which highlighted the progress made at its Scandinavian Projects.
An extensive field program had been completed at the Ringerike district with rock chip assays returning up to 4.72% Cu & 1.87% Ni.
A strategic project application has been submitted under the EU’s Critical Raw Materials Act (CRMA) for Ringerike aiming to secure fast-track permitting and funding opportunities.
WZR – Wisr Limited today closed up 13% to finish at 3.4c on $700k stock traded. The reason they were up today was because they released its quarterly report which highlighted a 54% increase in loan organisations to $77.3m.
Wisr had also reduced 90+ day arrears from 1.58% to 1.4% and reduced net losses from 2.75% to 2.06%.
WZR’s loan book of $753m reflected a 15% decrease from $887 in Q1FY24, attributable to the deliberate moderated growth strategy implemented in FY24.
KRR – King River Resources Limited today closed up 11% to finish at 1c on $130k stock traded. There was no news out today but last week they released its quarterly report which highlighted its ongoing drill program at the Kurundi Project located in the NT.
RC Drilling has been completed at the Kurundi Regional projects with assays pending from the Kurundi main prospect.
Previous RC drilling at the Kurundi Main Workings prospect in 2022 returned multiple high grade gold intersections including 7m @ 6.35g/t Au from 25m & 6m @ 4.77g/t Au from 29m.
What’s Not
CXL – Calix Limited today closed down 15% to finish at 85c on $1.5m stock traded. The reason they were down today was because they announced a pause of construction for the mid-stream demonstration plant project with Pilbara Minerals (PLS.asx).
The project which is being developed through a joint venture (JV) with PLS remains on budget and is 60% complete.
The project will be paused until market conditions are supportive or further government support for project continuation can be secured.
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).