What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – KRR, SNS, PLG, DY6, THR, SRL, ILA, ZEO, 4DX, HCH & MDI
What’s Hot
KRR – King River Resources Limited today closed up 46% to finish at 1.1c on $160k stock traded. The reason they were up today was because they announced the appointment of Mr Graham Gadsby as managing director.
Prior to joining, Mr. Gadsby spent seven years at Spartan Resources (SPR.asx), where he held senior roles of both General Manager Operations and Chief Geologist.
During his time with Spartan Resources, Mr Gadsby role was pivotal in many areas & for anyone that has followed the Spartan story should be well aware of who The Great Gatsby is from Spartan.
SNS – SenSen Networks Limited today closed up 26% to finish at 8.2c on $520k stock traded. There was no news out today but last week they released its full year results which highlighted a 26.5% increase in revenue to $15.35m.
Revenue growth was fueled by significant customer wins, including Agence de mobilité durable de Montréal, the City of Calgary and the Toronto Parking Authority.
The company also expanded key customer accounts such as Brisbane City Council and the National Heavy Vehicle Regulator in Australia.
SNS also reported a 38.3% increase in gross profit and an 114.5% increase in net profit before tax to $515k (from a $3.5m loss).
Gross margin was improved through operational scale and supplier efficiencies, while maintaining leading-edge product capabilities and a reliable supply chain.
Since announcing the results, SenSen’s share price has increased by more than 192%, there have now been four 20%+ days since last Friday.
PLG – Pearl Gull Iron Limtied today closed up 22% to finish at 2.2c on $520k stock traded. The reason they were up today was because they announced a binding sale agreement was entered to sell its Cockatoo Island Project.
In consideration, PLG will receive a consideration of A$4.5m in cash, a 4% equity interest in Crestlink and a royalty payable on materials extracted from the Cockatoo Island Project.
Crestlink (formerly Kimberly Technology Solutions) is undertaking a phased development of the Cockatoo Island supply base with its initial $100m development given major project status from the WA government in 2019.
DY6 – DY6 Metals Limited today closed up 21% to finish at 23c on $800k stock traded. There was no news out today but on Tuesday they announced assay results from its Central Rutile Project located in Cameroon.
Auger and channel samples confirmed heavy minerals (HM) and rutile mineralisation extending from surface and ending in mineralisation.
Some of the best channel samples intercepts included 3.5m @ 0.78% rutile (5.29% HM) from surface & 5.8m @ 0.47% rutile (6.98% HM) from surface.
At the Nsimbo prospect, high grade mineralisation of up to 2.1% rutile (XRF) was identified while the Alamba prospect returned up to 1.57% rutile.
THR – Thor Energy Limited today closed up 20% to finish at 1.2c on $900k stock traded. The reason they were up today was because they announced a term sheet was signed with private equity-backed DISA Technologies.
This agreement is seeking to evaluate and if successful process historically abandoned uranium mine waste dumps and recover saleable uranium and other critical minerals concentrates at Thor’s Colorado uranium claims.
Thor holds 25% ownership rights to uranium minerals on U.S. Bureau of Land Management (BLM) via its US subsidiary Standard Minerals that holds the projects in Colorado.
SRL – Sunrise Energy Metals Limited today closed up 20% to finish at $2 on $2.4m stock traded. There was no news out today but back in July they announced assay results from its Syerston scandium deposit located in NSW.
The second batch of assays from the 3,589m drill program returned up to 11m @ 635ppm Sc from surface & 26m @ 503ppm Sc from 3m.
The objective of the campaign was to step-out from areas of high-grade Sc mineralisation confirmed by earlier drilling and the recent re-assaying of historic (1997) pulp samples.
SRL anticipated that the recent drilling results will lead to the conversion of some inferred resources from the February MRE to measured and/or indicated resource categories.
ILA – Island Pharmaceuticals Limited today closed up 17% to finish at 27c on $530k stock traded. There was no news out today but on Monday they announced a Type C meeting was lodged with the FDA for Galidesivir.
Galidesivir is a clinical-stage antiviral molecule with a broad spectrum of activity in over 20 RNA viruses, including high-priority threats such as Ebola, Marburg, MERS, Zika & Yellow fever.
The meeting request formally initiates communication with the FDA regarding the development of Galidesivir for the treatment of Marburg.
ZEO – Zeotech Limited today closed up 14% to finish at 10.5c on $920k stock traded. There was no news out today but on Monday they announced the completion of its largest commercial-scale concrete demonstration pour using its low embodied carbon high-reactivity metakaolin, AusPozz.
The pour totaled 100m³ of concrete (17 truckloads), which was completed over two days and prepared at Holcim Australia’s Caboolture batching plant.
The demonstration used approximately 8 tonnes of its AusPozz product, representing Zeotech’s largest trial to date.
4DX – 4DMedical Limited today closed up another 13% to finish at $1.31 on $44m stock traded. There was no news out today but yesterday they announced the U.S. Centers for Medicare & Medicaid Services (CMS) had confirmed reimbursement for CT:VQ.
Back on Monday, 4DX announced FDA clearance was received for its ventilation-perfusion product, CT:VQ, which surely you read about in here on Monday.
CT:VQ revolutionises ventilation-perfusion imaging, as the world’s first technology capable of extracting quantitative VQ data and visualisations from routine CT scans without requiring radiotracers or contrast agents.
This eliminates the need for separate nuclear medicine appointments while providing the same diagnostic information through a faster, safer procedure.
HCH – Hot Chili Limited today closed up 13% to finish at 87c on $600k stock traded. There was no news out today but last month they announced a non-renounceable entitlements offer to raise $14m @ 60c through Veritas Securities.
The funds raised will provide a pathway to delivering several transformational catalysts over the coming months which include the completion of its asset-level strategic partnering process & commencement of a phase-two diamond drilling program at the La Verde copper-gold discovery.
Back in June, HCH announced exploration results from its Costa Fuego Copper Gold Project located in Chile.
MDI – Middle Island Resources Limited today closed up 11% to finish at 4c on $320k stock traded. There was no news out today but on Tuesday they announced the acquisition of Konstantin Resources.
Konstantin holds 14 exploration and mining licences comprising approximately 620km2 in Serbia which encompasses the Bobija, Timok and Priboj project areas.
The Bobija Project has significant prospectivity and hosts numerous targets that can be immediately explored, with a focus on gold, silver, copper, lead and zinc.
The project area and surrounding location has had high-grade mineralisation and massive sulphides recorded at historical mine sites with assays returning up to 45.2m @ 1.71g/t Au, 25.5g/t Ag, 0.87% Pb & 2.26% Zn from 19.5m.
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.
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