What’s Hot – ALV, DEV, ROC, WJL, CRD & VR1
What’s Not – DRO
What’s Hot
ALV – Alvo Minerals Limited today closed up 52% to finish at 3.5c on $1.6m stock traded. The reason they were up today was because they announced drilling results from its Palma Cu-Zn Project located in Brazil.
The first diamond hole drilled at the Touro Prospect has intercepted massive sulphide mineralisation including copper over 13m from 40m below surface.
Drilling intercepted an unoxidized (fresh rock) with massive, semi-massive and disseminated sulphides from 51.5m to 64.6m, a downhole width of 13.1m.
DEV – DevEx Resources Limited today closed up 48% to finish at 17c on $920k stock traded. The reason they were up today was because they announced the appointment of Marnie Finlayson as managing director.
Ms Finlayson joins following a distinguished career with global miner Rio Tinto (RIO.asx) spanning several decades, during which she developed and executed major corporate strategies, led complex global projects and operations, and built strong, high-performing teams.
ROC – RocketBoots Limited today closed up 24% to finish at 15.5c on $250k stock traded. The reason they were up today was because they announced a retail banking customer had triggered their Stage A rollout option for its AI powered software.
This stage A rollout approval concludes the technical trial and marks a key milestone as the bank assesses the software’s benefits ahead of its Q1 CY26 decision on wider branch network rollout.
WJL – Webjet Group Limited today closed up 17% to finish at 88c on $8.4m stock traded. The reason they were up today was because they announced a non-binding indicative proposal was received from Helloworld Travel Limited (HLO.asx) to be acquired for 90c cash.
Helloworld Travel is a leading Australian & New Zealand travel distribution company with over 900 personnel and over 2,600 members of its travel agency and broker networks in Australia & NZ.
The offer represents a 31% premium to Webjet’s undisturbed closing share price of 68.5c and values the company at $353m.
CRD – Conrad Asia Energy Limited today closed up 16% to finish at 79c on $1.4m stock traded. The reason they were up today was because they announced its wholly owned subsidiary West Natuna Exploration (WNEL) signed an agreement with PT Nations Natuna Barat (Nations).
The agreement is to farm into the development of the Mako gas field in the Duyung Production Sharing Contract (PSC) and provide financing for 100% of project development costs and associated working capital.
Nations is a wholly owned subsidiary of the Arsari Group, an Indonesia-based, diversified private investment corporation with interests, amongst others, in upstream gas and oil and mining.
VR1 – Vection Technologies Limited today closed up 12% to finish at 3.8c on $2.1m stock traded. There was no news out today but last week they announced a binding offer was executed to acquire 100% of Monogic Limited.
Monogic is a Hong Kong and Singapore-based digital marketing, communication and brand experience agency specialising in the food & beverage (F&B), hospitality, property, utilities and lifestyle industries to very large companies.
Monogic’s creative services, spanning social media, digital advertising, and public relations, complement Vection’s immersive 3D, XR, and AI technologies.
What’s Not
DRO – Droneshield Limited today closed down 20% to finish at $1.97 on $130m stock traded. The reason they were down today was because they announced the resignation of its U.S. CEO Matt McCrann effective immediately.
Matt McCrann joined the business in 2019 and was the U.S. CEO since 2022.
DroneShield has been recently scaling up its U.S. presence, including running a process to set up a U.S. product assembly operation, recently appointing a highly experienced U.S. Advisory Board, and growing the size of the team.
It has been a very tough few weeks for DRO shareholders, watching the share price fall from highs of $6.70 early last month.
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
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