SUH
0.04
90.5%
EEL
0.001
-50%
MEI
0.13
88.4%
TMS
0.005
-50%
EQS
0.03
66.7%
OLI
0.003
-40%
NWM
0.015
66.7%
ASR
0.002
-33.3%
ASM
0.775
63.2%
KAL
0.052
-33.3%
VHM
0.38
60.3%
PSL
0.006
-33.3%
ENV
0.008
60%
BPM
0.028
-26.3%
PGY
0.008
60%
MRQ
0.003
-25%
WIN
0.022
57.1%
PIL
0.003
-25%
REE
0.036
56.5%
RLG
0.003
-25%
M2R
0.003
50%
TMK
0.003
-25%
SLZ
0.009
50%
IMI
0.013
-23.5%
PEK
0.16
45.5%
CYB
0.075
-20.2%
SRL
0.71
43.4%
CR3
0.012
-20%
BCM
0.01
42.9%
DGR
0.004
-20%
VMM
0.355
42%
RGL
0.004
-20%
NTU
0.04
37.9%
SPQ
0.004
-20%
PAT
0.07
37.3%
VRC
0.004
-20%
SGQ
0.026
36.8%
AKM
0.23
-19.3%
PSC
0.15
36.4%
IR1
0.155
-18.4%

What’s Hot – JBY, XF1, TEG, PAT, MM8 & PNT

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – JBY, XF1, TEG, PAT, MM8 & PNT
What’s Not – WEB & STM

What’s Hot
JBY – James Bay Minerals Limited today closed up 75% to finish at 35c on $2.2m stock traded. The reason they were up today was because they announced the acquisition of the Independence Gold Project located in Nevada, US.

Independence is adjacent to the Nevada Gold Mine’s Phoenix project and about 16km south of Battle Mountain, consisting of 14 unpatented mining claims and 84 unpatented mill sites.

The Independence project currently contains a foreign resource estimate of 3.794Mt @ 6.53g/t Au for 796,200oz Au and remains open in all directions.

XF1 – Xref Limited today closed up 52% to finish at 20.5c on $1.5m stock traded. The reason they were up today was because they announced the receipt of a non-binding indicative offer (NBIO) to be acquired by Seek Limited (SEK.asx) for 21.8c in cash.

SEEK ($9B market cap) is a market leader in online employment marketplaces with a multinational presence, it has approximately 40 million candidate relationships and 400,000 hirer relationships.

The Xref Board unanimously determined that it is in the best interests of shareholders to progress the indicative proposal in order for SEEK to provide a binding proposal.

TEG – Triangle Energy Limited today closed up 33% to finish at 0.8c on $130k stock traded. The reason they were up today was because they announced an update on the sale of its 78.75% interest in the Cliff Head asset to Pilot Energy (PGY.asx).

Pilot must pay Triangle $2.4m by the 18th of October & $4.1m plus interest by the 19th of November.

The deal also includes subsequent payments totaling $11.5m including $4m cash when NOPTA issues a Greenhouse Gas Injection License and up to $7.5m in royalties from the carbon storage project.

PAT – Patriot Lithium Limited today closed up 19% to finish at 5c on $110k stock traded. There was no news out today but last week they announced an option agreement was entered with Array Metals and Natural Resources to acquire an 80% interest in the Katwaro Copper Project located in Zambia.

The Katwaro Copper Project covers approximately 400 hectares under a small-scale mining license, the tenement contains a historical open pit mine exposing copper bearing metasediments along 100m strike and is open ended.

Regionally, polymetallic sulphide occurrences in the area have been known for centuries, but more recent geophysical and geochemical investigations led to the discovery of a copper-rich hydrothermal system.

MM8 – Medallion Metals Limited today closed up another 14% to finish at 9.9c on $260k stock traded. There was no news out today but last Monday they announced drilling had commenced at its Ravensthorpe Gold Project (RGP) located in WA.

The program is comprised of an in-fill component to improve confidence in the high-grade sulphide resource and to collect samples for metallurgical test work.

Additionally, Medallion will test several high priority near mine and regional exploration targets within and around the Kundip Mining Centre (KMC) which forms part of the RGP.

PNT – Panther Metals Limited today closed up another 10% to finish at 3.3c on $370k stock traded. There was no news out today but last week they announced exploration results from its Comet Well and Comet Well South projects located in WA.

Numerous gold nuggets have been discovered during drill preparations, up to 33.62 grams of alluvial gold has been recovered with the largest nugget weighing 8.5g.

Prospecting activities are ongoing to further assess the abundance of gold within the area where the nuggets were discovered.

What’s Not
WEB – WEB Travel Group Limited today closed down 36% to finish at $4.53 on $205m stock traded. The reason they were down today was because they released a preliminary update on its 1HFY25 results.

WEB has revealed that its WebBeds’ TTV (total transaction value)/revenue margins had been impacted by the collapse of tour operator FTI Group, the Paris Olympics and the European Football Championship.

WebBeds preliminary underlying EBITDA margins are expected to be down from 52% to 44%, reflecting the lower revenue along with operating expenses being up 15% on 1H24.

 

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).

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