What’s Hot – ASM, JAV, ADG, NWM, SQX, ARV, SMS, BPM, TSO, BMG, OMG, MM8 & 10X
What’s Not – 29M
What’s Hot
ASM – Australian Strategic Materials Limited today closed up 21% to finish at 1.7c on $360k stock traded. The reason they were up today was because they announced a scheme implementation deed (SID) was entered with Energy Fuels to be acquired via a recommended scheme of arrangement.
JAV – Javelin Minerals Limited today closed up another 25% to finish at 12.5c on $420k stock traded. There was no news out today but last week they announced a mining proposal was lodged for its Eureka Gold Project near Kalgoorlie, WA.
ADG – Adelong Gold Limited today closed up 22% to finish at 1.1c on $900k stock traded. The reason they were up today was because they announced a drilling update for its Lauriston Gold-Antimony Project in Victoria.
NWM – Norwest Minerals Limited today closed up 21% to finish at 1.7c on $360k stock traded. There was no news out today but yesterday they announced an at-the-market subscription agreement was entered with Dolphin Corporate Investments (DCI).
SQX – SQX Resources Limited today closed up 18% to finish at 20c on $210k stock traded. There was no news out today but a fortnight ago they announced drilling permits were secured for its Red Bird Gold Project located in Arizona, USA
ARV – Artemis Resources Limited today closed up 17% to finish at 0.7c on $180k stock traded. The reason they were up today was because they announced drilling recommenced at the Titan East gold discovery within its Carlow Gold-Copper Project located in WA.
SMS – Star Minerals Limited today closed up 16% to finish at 7.4c on $480k stock traded. The reason they were up today was because they released its quarterly report which highlighted the ongoing development of its Tumblegum South Gold Project located in WA.
BPM – BPM Minerals Limited today closed up 15% to finish at 23c on $530k stock traded. There was no news out today but last month they announced its maiden drill program was completed at the Forelands Gold Project located in WA.
TSO – Tesoro Gold Limited today closed up 14% to finish at $1.425 on $1.7m stock traded. There was no news out today but last month they announced assay results from the La Brea Target within its El Zorro Gold Project located in Chile.
BMG – BMG Resources Limited today closed up 13% to finish at 2.7c on $370k stock traded. There was no news out today but last month they announced a placement to raise $2.5m @ 1.7c through GBA Capital.
OMG – OMG Group Limited today closed up 11% to finish at 1c on $200k stock traded. The reason they were up today was because they released its quarterly report which highlighted a 62% increase in net sales on the previous corresponding period (pcp).
MM8 – Medallion Metals Limited today closed up 11% to finish at 52c on $3.6m stock traded. There was no news out today but last week they announced drilling had commenced at the Kundip Mining Centre (KMC) within its flagship Ravensthorpe Gold Project (RGP) located in WA.
10X – Exultant Mining Limited today closed up 11% to finish at 21c on $950k stock traded. The reason they were up today was because they announced an exploration update for its Peak View & Black Hammer Projects located in NSW.
What’s Not
29M – 29Metals Limited today closed down 25% to finish at 43c on $21m stock traded. The reason they were down today was because they announced an underwritten entitlement offer to raise $119m @ 40c through Macquarie Capital & Morgans Corporate.
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).