What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – SNM, MRD, PVT, ADG, WCN, L1G, OSM, CBE & DY6
What’s Not – RAT
What’s Hot
SNM – Sentinel Metals Limited today closed up 55% to finish at 31c on $2.8m stock traded. The reason they were up today was because they listed today after raising $10m @ 20c through Canaccord Genuity.
Sentinel’s flagship asset is the Columbia Gold Project located in central-west Montana.
Columbia currently contains a JORC inferred mineral resource estimate (MRE) of 21.4Mt @ 1.3g/t Au and 4.6g/t Ag (1.4g/t AuEq) for 920Koz of contained gold or 960Koz AuEq.
MRD – Mount Ridley Mines Limited today closed up 47% to finish at 2.5c on $2.4m stock traded. There was no news out today but on Tuesday they announced a maiden mineral resource estimate (MRE) for its Mt Ridley Project located in WA.
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.
ADG – Adelong Gold Limited today closed up 18% to finish at 1.3c on $920k stock traded. There was no news out today but on Monday they released its quarterly report which highlighted the ongoing progress at its various gold projects in NSW & Victoria.
At the Apollo Project, a maiden diamond drilling program was completed with significant gold intercepts confirming continuity of mineralisation beneath historical workings.
WCN – White Cliff Minerals Limited today closed up 18% to finish at 2c on $699k stock traded. There was no news out today other than the fact that major shareholder John Hancock (Gina’s son me thinks) bought ~3.5m shares on market valued at $65.8k.
On Tuesday, WCN announced their first results from the diamond drill hole targeting sedimentary hosted copper at Rae which confirms sediment hosted copper mineralisation at it’s project over in Canada.
L1G – L1 Group Limited today closed up 12% to finish at $1.15 on $49m stock traded. The reason they were up today was because they announced the completion of a placement to raise $286m @ 95c through Macquarie Capital.
There was a $19m sale of existing L1 Group ordinary shares held by First Maven at 95c, a share purchase plan will also be launched to raise a further $25m under the same terms.
OSM – Osmond Resources Limited today closed up 11% to finish at 88.5c on $231k stock traded. The reason they were up today was because they released their quarterly which highlighted the commencement of a drill program at the Orión EU Critical Minerals Project located in Spain.
Detailed logging of the first drill hole has been completed along with down hole gamma ray geophysical logging.
CBE – Cobre Limited today closed up 11% to finish at 10c on $460k stock traded. There was no news out today but last week they announced an investment from Sinomine International Exploration to raise $1.5m @ 6c.
Founded in 1999, Sinomine (A$7.48B market cap) has developed into a global mining group with a comprehensive resource industrial chain.
DY6 – DY6 Metals Limited closed up 10% to finish at 16c on $110k stock traded. There was no news out today but last week they announced the initiation of a strategic review for its Malawian Rare Earth Portfolio.
This strategic review was undertaken due to current rare earth tailwinds and the receipt of a number of unsolicited approaches from industry participants.
To assist the company with this process, DY6 has secured the services of a consultant with deep sector knowledge and networks.
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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