What’s Hot – FG1, MGU, OD6, XST, ADD, PNN, PGO & RMX
What’s Not – ORA
What’s Hot
FG1 – Flynn Gold Limited today closed up 25% to finish at 2.5c on $160k stock traded. The reason they were up today was because they announced the first assay results from its maiden diamond drilling program at the Silver King Prospect, part of the 100%-owned Henty Silver-Lead-Zinc Project located near Zeehan in Western Tasmania.
MGU – Magnum Mining & Exploration Limited today closed up 20% to finish at 0.6c on $205k stock traded. The reason they were up today was because they too announced some drill results from it’s Gold project ”Parker” which is located Arizona.
OD6 – OD6 Metals Limited today closed up 16% to finish at 14.5c on $1.4m stock traded. The reason they were up again today was because they announced some channel sampling results from it’s Fluorspar project over in the US.
XST – Xstate Resources Limited today closed up 16% to finish at 2.9c on $200k stock traded. There was no news out today & nor has there been since it’s most recent operations update on it’s Diona 1 well.
ADD – Adavale Resources Limited today closed up 13% to finish at 5.2c on $331k stock traded. The reason they were up today was because they announced an update & drill results on it’s Parkes Gold-Copper Project.
PNN – Power Minerals Limited today closed up 12% to finish at 14c on $1.4m stock traded. There was no news out today but yesterday they announced an exciting update regarding the high-grade Morro do Ferro Rare Earth Elements (REE) Project (the Project) in Minas Gerais state, Brazil as part of Power’s ongoing evaluation and due diligence for its potential acquisition of the Project.
PGO – Pacgold Limited today closed up 10% to finish at 11c on $525k stock traded. The reason they were up today was because they announced maiden gold production from the White Dam Gold Project (‘the Project’), 80km east of Broken Hill in South Australia’s Olary Province.
RMX – Red Mountain Mining Limited today closed up 10% to finish at 2.3c on $225k stock traded. The reason they were up today was because they announced they have recommenced exploration at the company’s United States Portfolio of Antimony projects following the end of the northern hemisphere winter.
What’s Not
ORA – Orora Limited today closed down 18% to finish at $1.62c on a lazy $45m of stock traded. The reason they were down today was because they released a trading update on how the middle East conflict has impacted their business.
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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