What’s Hot – AKN, NAG, BAK, AON, APX, OZM, VSR & RAP
What’s Not – INR
What’s Hot
AKN – AuKing Mining Limited today closed up 63% to finish at 1.3c on $1.1m stock traded. There was no news out today but yesterday they announced the acquisition of the Big Wilson Project located in Tasmania.
The licence application area comprises approximately 203 km2 of land that has been the subject of historical mining and limited exploration using modern methods.
NAG – Nagambie Resources Limited today closed up 50% to finish at 1.5c on $2.5m stock traded. The reason they were up today was because they announced the execution of a term sheet comprising a conditional placement and earn-in agreement with Alkane Resources (ALK.asx).
ALK ($2.2B market cap) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden.
BAK – Barkly Rare Earths Limited today closed up 40% to finish at 28c on $269k stock traded. The reason they were up today was because they listed after raising $8m @ 20c through the boys and girls at Cumulus Wealth & Leeuwin Wealth who were kind enough to offer us a few.
The funds raised will primarily be used to accelerate drilling and metallurgical programs at its 100%-owned Barkly Rare Earths Project in the NT.
AON – Apollo Minerals Limited today closed up another 36% to finish at 4.1c on $3.69m stock traded. The reason they were up today was because they announced a placement to raise $6.5m @ 2.7c.
The directors and officers of the company have subscribed for ~$0.8m, subject to shareholder approval.
APX – Appen Limited today closed up another 31% to finish at $1.85c on $75m stock traded. There was no news out today but yesterday released its quarterly which highlighted a 10% increase in revenue to $73.4m on the previous corresponding period (pcp).
OZM – OzAurum Resources Limited today closed up 30% to finish at 10.5c on $1.9m stock traded. The reason they were up today was because they announced it raised $4.1m@ 7.2c via a strategic share placement to Forrestania Resources (FRS.asx).
VSR – Voltaic Strategic Resources Limited today closed up 15% to finish at 5.2c on $140k stock traded. There was no news out today & nor has there been since they released it’s quarterly earlier this week which said they were well funded with $$$ as well as listed investments.
RAP – Raptor Metals Limited (previously Eastern Metals EMS.asx) today closed up 11% to finish at 6.2c on $520k stock traded. The reason they were up today was because they released its quarterly report which highlighted the transformative acquisition of Raptor Resources.
What’s Not
INR – Ioneer Limited today closed down 27% to finish at 15.5c on $10.7m stock traded. The reason they were down today was because they announced a placement to raise $72m @ 18c through Bell Potter Securities & 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).