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What’s Hot – MWY, VAR, SWF, MDR, MNB & QPM

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – MWY, VAR, SWF, MDR, MNB & QPM
What’s Not – STG

What’s Hot
MWY – Midway Limited today closed up 62% to finish at $1.24 on $3.2m stock traded. The reason they were up today was because they announced a binding scheme implementation deed was entered with River Capital to be acquired for $1.19 in cash.

Doubt it as we are not for sale but as I said to my stiffy mates today, I will do anything if the price is right & you may hear more about that on Saturday morning.

River Capital is an Australian fund manager, investing over $1 billion on behalf of investors, across both listed and unlisted companies, who are yet to send me an order.

VAR – Variscan Mines Limited today closed up 43% to finish at 1c on $340k stock traded. The reason they were up today was because they announced underground drilling had commenced at the Udias Mine within its Novales-Udias Project located in Cantabria, northern Spain.

The Udias Mine complex is directly linked underground to the San Jose Mine near Novales, the southern part of the Udias Mine exceeds 1.4km in length and has never been drilled at all.

Back in September, VAR announced newly assays from historic underground face-sampling at Udias which returned up to 4.5m @ 26.47% Zn, 19.46% Pb.

SWF – SelfWealth Limited today closed up another 22% to finish at 25c on $3.2m stock traded. The reason they were up today was because they announced the receipt of another non-binding indicative proposal from AxiCorp Financial Services to be acquired for 23c in cash.

Axi is a privately owned global online brokerage firm focused on forex trading and contracts for difference, Axi serves customers across 120 countries and employs over 400 staff across eleven global offices.

This follows the receipt of a non-binding indicative proposal to be acquired by Bell Financial Group (BFG.asx) for 22c in cash just yesterday.

MDR – MedAdvisor Limited today closed up 16% to finish at 29c on $350k stock traded. The reason they were up today was because they announced a formal review process was initiated to evaluate strategic options to maximize shareholder value.

The Board believes that its current market valuation does not reflect the combined value of its Australian and US business units, the process is expected to consider a range of initiatives designed to address the valuation disconnect.

MDR does not intend to make any acquisition or undertake an associated capital raise whilst the review process is underway.

MNB – Minbos Resources Limited today closed up 13% to finish at 6c on $430k stock traded. The reason they were up today was because they announced an agreement was signed with the Angolan Sovereign Wealth Fund for a US$10m strategic investment.

The funds will be received in its Mauritian subsidiary Phobos, representing a 22% interest in Phobos which holds the Minbos’ interest in the Cabinda Phosphate Project located in Angola.

Upon receival of funds, a civils contract (representing Phase-1 of construction), will be finalised with mobilisation to take place shortly afterwards.

QPM – QPM Energy Limited today closed up 10% to finish at 4.5c on $1.2m stock traded. There was no news out today but late last month they released its quarterly which highlighted the solid commercial and operating progress towards building a viable business with significant growth options.

Throughout the quarter, QPM announced a drilling update on its 7 production well drilling program located at Teviot Brook South.

The drilling of all vertical wells and 5 of the lateral wells has been completed with the drill rig currently on location drilling the 6th lateral which is scheduled to be completed in November.

What’s Not
STG – Straker Limited today closed down 18% to finish at 39c on $190k stock traded. The reason they were down today was because they released its FY25 financial outlook.

Straker expects to report revenue within the range of $43m-45m, compared to $50m revenue delivered in FY24 and revenue of $22.7m in H1 FY25.

The forecasted decline in revenue is primarily driven by the IDEST business in Europe, impacted by the non-renewal of two low-margin contracts with European Union institutions.

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).