What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – MRD, PHO, SFX, BVR, STG, LKY & NIM
What’s Not – AFA
What’s Hot
MRD – Mount Ridley Mines Limited today closed up yet another 75% to finish at 5.6c on $22.8m stock traded. The reason they were up today was because they announced the appointment of Mr Allister Caird as CEO.
Mr Caird is a geologist with more than 15 years’ experience in the energy and resources sector, spanning exploration, research (as a senior researcher at CSIRO), project development, Rats Rant reader and capital markets.
PHO – Phosco Limited today closed up 29% to finish at 12.5c on $310k stock traded. There was no news out today but last week they released its quarterly which highlighted the continued advancement of its wholly owned Gasaat Phosphate Project located in Tunisia.
Gasaat hosts a significant JORC mineral resource estimate of 146.4Mt @ 20.6% P2O5 underpinning a very long life project.
SFX – Sheffield Resources Limited today closed up 26% to finish at 12.5c on $1m stock traded. There was no news out today but last week they announced an update in relation to the 50% owned Kimberley Mineral Sands (KMS) owned Thunderbird Mineral Sands Mine (Thunderbird) in WA.
KMS has agreed a zircon concentrate offtake agreement with Yansteel for all unsold zircon concentrate at a fixed FOB (free on board) price, equivalent to the current (Q4 2025) CIF (cost insurance freight) market price in China, until the 31st of December.
BVR – Bellavista Resources Limited today closed up 25% to finish at 52c on $270k stock traded. The reason they were up today was because they announced the appointment of highly experienced resources executives Glenn Jardine and Peter Canterbury as MD and Finance Director, respectively.
Mr Jardine was MD of highly successful Pilbara gold explorer and developer De Grey Mining (DEG.asx) up until its $6 billion takeover by Northern Star Resources (NST.asx) in May this year.
STG – Straker Limited today closed up 19% to finish at 43c on $160k stock traded. There was no news out today but last week they announced the renewal and expansion of its strategic partnership with International Business Machines Corporation (IBM).
IBM (US$287B market cap) is a global tech company that provides a wide range of IT solutions including hybrid cloud, AI, enterprise software & consulting services.
LKY – Locksley Resources Limited today closed up 17% to finish at 40.5c on $12.2m stock traded. The reason they were up today was because they announced a letter of interest (LOI) was received from the Export-Import Bank of the US (EXIM).
The LOI outlined the intent to provide up to US$191m in potential project financing support for its Mojave Project in California.
NIM – Nimy Resources Limited today closed up 14% to finish at 7.9c on $240k stock traded. There was no news out today but last month they announced an exploration update for its Mons Project located in WA.
NIM announced that its maiden gallium mineral resource estimate (MRE) for Block 3 within Mons is imminent.
Block 3 currently has an exploration target of 9.6Mt-14.3Mt @ 39ppm to 78ppm Ga and has previously returned assays of up to 240m @ 35g/t Ga₂O₃ from surface to the end of hole.
What’s Not
AFA – ASF Group Limited today closed down 71% to finish at 10c on $150k stock traded. The reason they were down today was because they re-instated after being suspended since the 22nd of October.
AFA announced its wholly-owned subsidiary, ASF Capital Pty Ltd, has been registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange (DCE) service provider.
It enables the company to facilitate compliant exchange between fiat and digital currencies, as well as digital-to-digital currency transactions, under AUSTRAC’s DCE regulatory framework.
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).