What’s Hot – AQI, DWG, MEU, MPW, AVM & MDI
What’s Not – GNC
What’s Hot
AQI – Alicanto Minerals Limited today closed up 54% to finish at 10c on $3.6m stock traded. The reason they were up today was because they announced the acquisition of the Mt Henry Gold Project located in WA.
The project was acquired from Westgold Resources (WGX.asx $5.6B market cap) who will become a 19.9% shareholder in Alicanto.
DWG – Dataworks Group Limited today closed up 39% to finish at 7.5c on $430k stock traded. The reason they were up today was because they announced it expects to report a strong and positive cash flow for the quarter.
Based on cash receipts already received, DWG expects operating cash inflow for the quarter to be in the range of $3.4m to $3.8m (including $0.7m related to a R&D rebate now received).
MEU – Marmota Limited today closed up 21% to finish at 11.5c on $1.3m stock traded. The reason they were up today was because they announced the completion of the stage 2 drill program at its Greenewood gold discovery located in South Australia.
The program was initially planned for 85 holes for 8,500m, although it was extended to 129 holes for 10,117m.
MPW – Metal Powder Works Limited today closed up 18% to finish at $1.94 on $1.3m stock traded. The reason they were up today was because they announced a powder partnership agreement was signed with Austal (ASB.asx).
Austal (~$2.5B market cap) is an Australian headquartered global shipbuilder and defence prime contractor specialising in the design, construction, and support of defence and commercial vessels.
AVM – Advance Metals Limited today closed up 14% to finish at 12.5c on $600k stock traded. There was no news out today but last month they announced an update on exploration activities underway at its high-grade, 100% owned Yoquivo Silver-Gold Project located in Mexico.
AVM has commenced a high-impact diamond drilling program which will target lateral and depth extensions to the existing foreign estimate at the Pertenencia Prospect which currently comprises 17.23Moz AgEq @ 570g/t AgEq.
MDI – Middle Island Resources Limited today closed up 17% to finish at 2.8c on $160k stock traded. The reason they were up today was because they announced assay results from its Bobija Project located in Serbia.
Drilling was planned to both test zones of known sulphide/barite mineralisation defined in historical underground development and as step-out drilling designed to test for extension to mineralisation.
What’s Not
GNC – GrainCorp Limited today closed down 15% to finish at $7.09 on $39m stock traded. The reason they were down today was because they announced the sale of GrainsConnect Canada and provides a trading update on the 2025-26 East Coast Australia (ECA) winter harvest.
The divestment follows a strategic review initiated after a period of challenging financial performance by GrainsConnect.
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).