What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – MRD, ASH, PVT, ARV & DMP
What’s Not – WTC
What’s Hot
MRD – Mount Ridley Mines Limited today closed up 140% to finish at 1.2c on $1.3m stock traded. The reason they were up today was because they announced a maiden mineral resource estimate (MRE) for its Mt Ridley Project located in WA.
Mt Ridley’s maiden MRE stands at 838.7Mt @ 29.3 ppm gallium (39.5 ppm Ga₂O₃) for 24.5Kt of contained gallium using a 25 ppm cut-off.
The gallium discovery stems from a systematic review of historical drilling data generated during the 2017–2018 nickel and copper exploration programs.
ASH – Ashley Services Group Limited today closed up 44% to finish at 23c on $450k stock traded. The reason they were up today was because they released its quarterly results which highlighted a 22% increase in revenue to $150.3m on the prior period.
ASH had also reported a $2.9m increase in EBITDA to $3.74m and a $1.9m increase in net profit after tax (NPAT) to $1.65m.
EBITDA margins improved 1pp in the supply chain, retail and manufacturing labour hire sectors with key customer contracts renewed and operational efficiencies delivered through system and process improvement.
PVT – Pivotal Metals Limited today closed up yet another 25% to finish at 3c on $1.2m stock traded. There was no news out today but last Friday they announced a placement to raise $4.25m @ 1.1c through Powerhouse Advisory Australia.
PVT will also receive an additional $1.1m (for a total of $5.4m) in non-dilutive funding secured via the Canadian flow-through share scheme, further enhancing total funding with minimal dilution to shareholders.
ARV – Artemis Resources Limited today closed up 14% to finish at 0.8c on $310k stock traded. There was no news out today but roughly a fortnight ago they announced a land access agreement was executed to access and explore the Cassowary Copper-Gold Project in the Nullarbor region of WA.
Cassowary is considered prospective for IOCG (iron-oxide copper-gold) type Copper-Gold, and potentially other types of intrusion related mineralisation.
A preliminary diamond drilling program is targeted to commence in December subject to heritage clearances.
DMP – Domino’s Pizza Enterprises Limited today closed up 7% to finish at $16.56 on $82m stock traded. There was no news out today but not long after trading they were placed into a pause of trading after increasing 17% on $37m stock traded.
That’s enough to get Constable Chapman toey for a $1.5b company…..
The Financial Review’s Street Talk released an article stating that Bain Capital is considering Domino’s buyout in a deal worth up to $4 billion.
This resulted in a 24% increase in the share price from $15.13 at 11:09am to $18.80 by 11:17am.
What’s Not
WTC – Wisetech Global Limited today closed down 16% to finish at $71.52 on $283m stock traded. The reason they were down today was because they announced the Australian Securities and Investments Commission (ASIC) and the Australian Federal Police attended WiseTech’s Sydney office yesterday.
They executed a search warrant requiring the production of documents regarding alleged trading in WiseTech shares by Richard White and three WiseTech employees during the period from late 2024 to early 2025.
So far as WiseTech is aware, no charges have been laid against any person and there are no allegations against WTC itself.
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).