What’s Hot – TEM, AVM, ASL, IVR, WCE, HAR, FCT, USL & DRE
What’s Not – CGS
What’s Hot
TEM – Tempest Minerals Limited today closed up 40% to finish at 0.7c on $200k stock traded. The reason they were up today was because they announced a binding agreement was signed with Green Steel and Iron Pty Ltd (GISA).
The two parties have signed a binding agreement to progress the proposed establishment and development of a green steel production facility in the Yalgoo region.
AVM – Advance Metals Limited today closed up 25% to finish at 12.5c on $2m stock traded. There was no news out today but last month they announced an update on exploration activities underway at its high-grade, 100% owned Yoquivo Silver-Gold Project located in Mexico.
AVM has commenced a high-impact diamond drilling program which will target lateral and depth extensions to the existing foreign estimate at the Pertenencia Prospect which currently comprises 17.23Moz AgEq @ 570g/t AgEq.
ASL – Andean Silver Limited today closed up 17% to finish at $2.19 on $8m stock traded. There was no news out today but on Monday they announced a placement to raise $30m @ $1.85 through Canaccord Genuity, Euroz Hartleys & SCP Resource Finance.
Andean will also undertake a non-underwritten share purchase plan (SPP) to raise an additional $3m at the same offer price as the placement.
IVR – Investigator Silver Limited today closed up 16% to finish at 7.9c on $2m stock traded. There was no news out today but last month they announced an update on recent technical work at the Black Hill Project, where it is earning an interest under a joint venture with Alliance Resources.
Investigator has highlighted two high priority targets (Athena and Hestia) within the Paris Silver Corridor.
WCE – West Coast Silver Limited today closed up 16% to finish at 18.5c on $820k stock traded. There was no news out today but last week they announced a non-binding memorandum of understanding was signed with Artemis Resources (ARV.asx) to collaboratively assess processing options for the Elizabeth Hill Silver Mine located in WA.
Under the MOU, both parties will evaluate the potential for Artemis’ Radio Hill Processing Plant located near Karratha to process material sourced from the Elizabeth Hill Silver Mine in the Pilbara.
HAR – Haranga Resources Limited today closed up 14% to finish at 16c on $680k stock traded. There was no news out today but last week they announced drilling had commenced at its Lincoln Gold Project located in California, USA.
The primary objective of the drill program is to convert the existing historical resource at Lincoln-Comet, to a mineral resource estimate that is compliant with JORC intended for late January 2026.
FCT – Firstwave Technology Limited today closed up 14% to finish at 0.8c on $650k stock traded. There was no news out today but during the day they released a notice of change of interests of substantial shareholder which saw Perennial Value Management selling 14.7m shares on market.
As of the notice, Perennial still held 178m shares, although on Monday there was a crossing of 176m shares which I would assume is the remainder of their stock.
USL – Unico Silver Limited today closed up 13% to finish at 69c on $5.8m stock traded. There was no news out today but last week they announced assay results from its Joaquin Project located in Santa Cruz, Argentina.
Significant silver gold assay results from extensional and infill drilling within the La Negra SE Prospect returned up to 8.1m @ 474g/t AgEq (1.3g/t Au, 341g/t Ag) from 99m including 2.6m @ 1172g/t AgEq from 104.5m.
Significant follow up silver-gold assay results from the La Morocha SE discovery also returned up to 67m @ 97g/t AgEq (0.3g/t Au, 67g/t Ag) from 102m including 26.7m @ 161g/t AgEq from 137.3m.
DRE – Dreadnought Resources Limited today closed up 13% to finish at 2.7c on $260k stock traded. There was no news out today but last week they announced a binding head of agreement was signed with Black Cat Syndicate (BC8.asx).
Both parties have agreed on material joint venture terms for the funding and development of the Star of Mangaroon open pit resource and trucking to BC8’s Paulsens Gold Operation.
What’s Not
CGS – Cogstate Limited today closed down 12% to finish at $2.21 on $3m stock traded. The reason they were down today was because they released its financial guidance for the half year.
Clinical trial sales contracts are progressing well and CGS expects to execute sales contracts of approximately $37m-$40m during the 1H26 period, representing 82%-97% growth on the previous corresponding period (pcp).
This performance is supported by a record level of pipeline opportunities and ongoing conversion of those opportunities into contracted work.
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).