What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – IBX, QFE, 4DX, ROG, RMX, DRE, WWI & TM1
What’s Not – FXG
What’s Hot
IBX – Imagion Biosystems Limited today closed up 131% to finish at 3.7c on $6.7m stock traded. The reason they were up today was because they announced a major milestone was met with the commencement of the MagSense HER2 clinical supply manufacturing for the Phase 2 clinical trial.
IBX has commenced manufacturing of the MagSense HER2 imaging agent through its US based contract manufacturer which is expected to be completed by end of September.
Analytical testing of the drug product will support use in the planned Phase 2 clinical trial will be completed shortly thereafter.
QFE – QuickFee Limited today closed up 78% to finish at 9.6c on $920k stock traded. The reason they were up today was because they announced the sale of its US Pay Now business for US$26.35m (A$40m) to Aiwyn Inc.
Aiwyn is a US technology company backed by KKR and Bessemer Ventures, Aiwyn delivers payments, practice management and tax solutions to accounting firms.
This acquisition strengthens Aiwyn’s positioning as a leading payments and collection platform for technology-driven accounting firms.
4DX – 4DMedical Limited today closed up yet another 50% to finish at $2.31 on $85m stock traded. The reason they were up today was because they announced multiple agreements were signed with a leading global pharmaceutical company, Royal Melbourne Hospital & Spectrum Medical Imaging.
4DX has commenced a rollout of lung health screening in Brazil with a leading global pharmaceutical company, this initial agreement covers analysis of up to 10,000 scans through to August 2026.
The program seeks to provide national coverage across Brazil, following an initial phase of 8 hospitals.
ROG – Red Sky Energy Limited today closed up 33% to finish at 0.4c on $310k stock traded. The reason they were up today was because they announced the final approvals for the construction of the KN2 well site at the Killanoola Oil Project (PRL-13) had been approved by the South Australian Government.
The Killanoola Oil Project is located within PRL 13 in South Australia’s Penola Trough.
ROG’s 3D seismic program completed in 2023 resulted in a 46% uplift in the field’s best estimate petroleum initially in place (PIIP), increasing to 135.5 million barrels.
RMX – Red Mountain Mining Limited today closed up 25% to finish at 1c on $310k stock traded. The reason they were up today was because they announced assay results from its Fry Lake Gold-Copper Project located in Ontario, Canada.
Channel sampling has identified shallow high-grade gold at the Flicka Zone with assays returning up to 1m @ 13.6g/t Au including 0.35m @ 25.1g/t Au.
Many of the channel samples commenced and/or finished in mineralised material & many of the mineralised intervals remain open in one, or both directions.
DRE – Dreadnought Resources Limited today closed up 24% to finish at 2.1c on $1.9m stock traded. The reason they were up today was because they announced assay results from its Star of Mangaroon Project located in WA.
Assay received from the final 14 infill holes have returned up to 15m @ 20.5 g/t Au from surface including 2m @ 148.0 g/t Au from 4m.
The overall infill program comprises 37 RC holes (2,894m) and 4 diamond holes (308m) and brings drilling to a 10m x 10m spacing within and around the current resource which stands at 56,600t @ 12.8 g/t Au for 23.3Koz.
WWI – West Wits Mining Limited today closed up 22% to finish at 4.5c on $1.7m stock traded. The reason they were up today was because they announced it has received Investment Committee (IC) approved terms for an initial US$12.5m (A$19m) loan facility from the Nebari Natural Resources Credit Fund.
The funding will be used to advance development of its Qala Shallows Gold Project which is Stage 1 of its larger Witwatersrand Basin Project (WBP) located in South Africa.
Under the loan facility, WWI may pursue two additional funding tranches totaling US$22.5m (A$35m), subject to fulfilment of additional conditions precedent including further Nebari IC approval.
TM1 – Terra Metals limited today closed up 21% to finish at 10.5c on $620k stock traded. There was no news out today but last month they announced a placement to raise $15m @ 7c through Petra Capital.
The placement was led by existing shareholders, Golden Energy and Resources (GEAR), Mr. Matt Latimore (Founder and President of M Resources Pty Ltd) & Tribeca Investment Partners.
Matthew Latimore is a well-known figure in the Australian resources sector, being Founder and President of M Resources who holds almost 5% of SMR, 55% of Mastermyne (MYE.asx) & 12% of the GM3 Illawarra Metallurgical Coal Complex.
What’s Not
FXG – Felix Gold Limited today closed down 11% to finish at 24.5c on $1.1m stock traded. The reason they were down today was because they announced they recently hosted senior representatives from the U.S. Environmental Protection Agency and the Federal Permitting Improvement Steering Council at its Treasure Creek Antimony Project.
Felix Gold considered this visit material as it demonstrates direct U.S. federal agency engagement with Treasure Creek at a time when the U.S Government has issued multiple Executive Orders prioritising secure domestic supply of critical minerals.
The project showcased a potential antimony supply solution to the U.S. antimony supply crisis following China’s February 2025 export ban.
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).