What’s Hot – BP8, RHY, FAU, SLS, RMX & LMS
What’s Not – MGH & KNB
What’s Hot
BP8 – BPH Global Limited today closed up 50% to finish at 0.3c on $210k stock traded. The reason they were up today was because they announced a placement to raise $1m @ 0.2c through my firm Sanlam Private Wealth.
The funds raised will be used to strengthen its balance sheet at a key stage in the commercial development of its Indonesian seaweed platform and introduce new long-term shareholders aligned with its growth strategy.
RHY – Rhythm Biosciences Limited today closed up 34% to finish at 23.5c on $1.2m stock traded. There was no news out today but on Tuesday they announced the execution of a strategic supply agreement with Quansys Biosciences for ColoSTAT reagent kit manufacturing.
FAU – First Au Limited today closed up 20% to finish at 1.8c on $1.7m stock traded. There was no news out today but on Monday they announced a placement to raise $5.6m @ 1c through Bell Potter Securities.
SLS – Solstice Minerals Limited today closed up yet another 18% to finish at $1.13 on $7.5m stock traded. There was no news out today but on Tuesday they announced assay results from its Nanadie Copper-Gold Project located in WA.
RMX – Red Mountain Mining Limited today closed up 16% to finish at 2.9c on $370k stock traded. The reason they were up today was because they announced the acquisition of the Thompson Falls Antimony Project which sits on the border of Montana and Idaho in the US.
LMS – Litchfield Minerals Limited today closed up 13% to finish at 78.5c on $2.5m stock traded. The reason they were up today was because they announced assay results from its Oonagalabi Project located in the NT.
What’s Not
MGH – Maas Group Holdings Limited today closed down 27% to finish at $4.11 on $64m stock traded. The reason they were down today was because they announced a share sale deed was entered with Heidelberg Materials Australia (HMA) for the sale of its construction materials (CM) division for $1.703 billion.
KNB – Koonenberry Gold Limited today closed down 19% to finish at 2.9c on $930k stock traded. The reason they were down today was because they announced assay results from its Enmore Gold Project located in NSW.
Phase 2 drilling at the Sunnyside Prospect has now been completed with 9 holes for 3,482m, the first 5 holes have returned up to 44.5m @ 1.01g/t Au from 340m including 0.3m @ 17.6g/t Au.
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).