What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – IFG, PTR, NYM, ENR & SHG
What’s Not – GQG & CLG
What’s Hot
IFG – Infocus Group Holdings Limited today closed up 166% to finish at 4c on $72m stock traded. The reason they were up today was because they announced it has executed a multi-phase service agreement with GBO Assets Ltd, an entity domiciled in Seychelles (GBO Assets), to apply the company’s data analytics and software engineering capabilities to deliver a new digital and social gaming product for GBO Assets.
GBO Assets was formed by a group of entrepreneurs with significant previous expertise in the gaming sector, spanning digital gaming products, social gaming, casino gaming, and sports-betting.
Multi-phase agreement with a total potential contract value of USD 2.5 million (AUD 3.8 million) over the next twenty-four months, with progression based on milestone completion and performance-related benchmarks.
PTR – Petratherm Limited today closed up 55% to finish at 18c on $2.5m stock traded. The reason they were up today was because on Monday they announced results from an initial trial heavy mineral sand (HMS) separation test using samples collected from historic drill holes stored at the South Australian Core Library (CAR series drill holes).
The composite samples were collected from widely spaced contiguous drill holes along a 2.5-kilometre-long traverse on the eastern side of the Rosewood HMS Prospect area, located within the company’s Muckanippie Project in the northern Gawler Craton, South Australia.
NYM – Narryer Metals Limited today closed up 29% to finish at 4c on $200k stock traded. The reason they were up today was because yesterday they announced their results from recent drilling at the Rocky Gully project in the Great Southern region of Western Australia.
All results are from surface to 30m depth, in unconsolidated ground, and near existing infrastructure.
One of the better hits showed high grades of up to 518 ppm scandium oxide (Sc2O3), and up to 1.8% (17,666 ppm) Total Rare Earth Oxide (TREO), including Magnet Rare Earth Oxide (MREO) up to 0.6% (5783 ppm).
ENR – Encounter Resources Limited today closed up 16% to finish at 40c on $3.1m stock traded. The reason they were up today was because they announced their first RC drilling results from the Green prospect at the Aileron project (100% owned ENR) in the West Arunta region in WA.
These initial results demonstrate the continuity of the high-grade niobium system from WA1’s Luni discovery in the south-west, across the tenement boundary into Green.
They announced the results from the first 4 holes of the 34 holes they got planned, so fingers crossed for some more of these thick zones of niobium mineralisation for ENR shareholders.
SHG – Singular Health Group Limited today closed up another 15% to finish at 11.5c on $200k stock traded. The reason they were up today was because yesterday they announced a Memorandum of Understanding (MOU) with Provider Network Solutions (PNS) to collaborate on a technical proof-of-concept and commercial pilot within the PNS Network.
Most should have seen it last night, got a few on the open this morning, sold on the close and made a lazy 8% (annualize that wheelbarrow) reading from over the ditch while I am slaving away.
PNS is a Miami-based Managed Service Organisation (MSO) with operations in Florida, Texas, and Puerto Rico, managing the provision of healthcare for more than 3.7 million Member Plans.
What’s Not
GQG – GQG Partners Inc today closed down 19% to finish at $2.13c on $71m stock traded. The reason they were down today was because just after lunchtime they announced they were aware of charges brought today by the US Attorney’s Office for the Eastern District of New York and the US Securities and Exchange Commission against Gautam Adani and certain other Adani Group executives and companies.
Gautam Adani, one of the world’s richest men, has been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors.
Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud.
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).